Oracle is more superior than others over years
September 18, 2019
Oracle is more superior than others over years
Score 9 out of 10
Vetted Review
Verified User
Modules Used
- Cash & Treasury Management
- Financial Control & Reporting
- Financial Analytics
Overall Satisfaction with Oracle Financials
It's used for our full financial process - AR, AP, GL ,FA and Cash Management. [Oracle Financials] is very useful as it has automated all financial processes and led to manpower reduction and fast process streamlining. Due to this we are able to close the GL every month by the 6th. Previously this was not possible. Complete PROCURE to PAY Process is now automated due to this Implementation.
- Three-way matching for Approvals of Supplier Payments
- Auto Bank Reconciliation
- Data Integrity and Security
- Oracle Assets module control on Assets Retiring and Residual value
- Oracle Property Manager
- Oracle Cash Management
- Issues resolution during Posting from AR or AP to GL
- Positive Impact: for Oracle Financials we saved 5 Resources , with annual savings of 1/2 Million USD
- Similarly for HRMS same ROI
No comparison of Oracle with these solutions, also Oracle is better than SAP, due to its very strong Financials modules as every module outputs to Financials AR, AP, GL. Data Integrity is 100% . I never face serious issues with data comprising of millions and millions of records.