Oracle Financials is the way to go!
September 16, 2019

Oracle Financials is the way to go!

Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Modules Used

  • Procure-To-Pay

Overall Satisfaction with Oracle Financials

It is used for accounting applications and reporting and analytics. It helps us in addressing various business problems which are mainly catered to business needs including end-users and management. The basic data entry of the journals, approval process, allocations process, and global consolidations are some of the features that are worth mentioning in the review.

Pros

  • Capturing business data through user data entry and imports
  • Financials analysis and reporting
  • Global consolidations

Cons

  • Journals upload through legal systems
  • Improve on the consolidation process
  • Reporting in different formats
  • It makes maintenance of our financial data easy and efficient.
  • Financial processes are done in line as per GAAP accounting conventions.
Oracle Financials is much ahead in the game in terms of ease of use, doing quick customization or form personalization, and overall comfort of application solution to the end-user and the business team in general.

Oracle Financials also is an integrated solution which is widely accepted in small to medium or medium to large industry segments.
Oracle Financials is well-suited for mid to large scale organizations and legal entities. It can work as a stand-alone system and also as an integrated tool with not only Oracle ERP but any other ERP systems as well.

Oracle Financials is less appropriate for instant reporting.

Oracle Fusion Cloud ERP Feature Ratings

8.6
Accounts payable
9
Accounts receivable
9
Global Financial Support
9
Primary and Secondary Ledgers
9
Journals and Reconciliations
7
Configurable Accounting
9
Standardized Processes
8
9.0
Billing Management
9
Cash and Asset Management
9
Travel & Expense Management
9
Budgetary Control & Encumbrance Accounting
9
Period Close
9
9.0
Inventory tracking
9
Automatic reordering
9
Location management
9
9.4
Pricing
9
Order entry
10
Credit card processing
9
Cost of goods sold
10
Order Orchestration
9
9.0
Pay calculation
9
Benefit plan administration
9
Direct deposit files
9
9.0
Dashboards
9
Standard reports
9
Custom reports
9
8.0
API for custom integration
8
Plug-ins
8
8.0
Role-based user permissions
8
Single sign-on capability
8
8.0
Award Lifecycle Management
8
8.2
Budgeting and Forecasting
9
Project Costing
8
Cost Capture
8
Capital Project Management
8
Customer Contract Compliance
8
Project Revenue Recognition
8
8.0
Project Planning and Scheduling
8
Task Insight for Project Managers
8
Project Mobile Functionality
8
Definable Resource Pools
8
8.6
Bids Analyzed and Compared
8
Contract Authoring
9
Contract Repository
8
Requisitions-to-Purchase Orders Integrated
9
Supplier Management
9
8.0
Risk Repository
8
Control Management
8
Control Efficiency Assessments
8
Issue Detection
8
Remediation and Certification
8
8.4
Transportation Planning and Optimization
8
Transportation Execution Management
8
Trade and Customs Management
8
Fulfillment Management
9
Warehouse Workforce Management
9
7.2
Production Process Design
7
Production Management
6
Configuration Management
7
Work Execution
8
Manufacturing Costs
8
8.3
Forecasting
9
Inventory Planning
8
Performance Monitoring
8
8.0
Proposal Management
8
Product Master Data Management
8

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