Oracle Fusion Cloud Financials


Oracle Fusion Cloud is a group of software applications by Oracle. Oracle partners can integrate these applications to work efficiently as per the business requirements. It contains cloud-based applications for enterprise resource planning (ERP), enterprise performance management (EPM), supply chain management and manufacturing (SCM), human capital management (HCM), and customer experience (CX).

Some of the Oracle Fusion features are Automation, Collaborations, Machine Learning and Artificial Intelligence, Adaptive Intelligence, Intelligent Voice Interface, Independent Updates, HCM capabilities, Performance management abilities. 

Oracle Financials:

Oracle ERP Financials Cloud is a comprehensive suite of tools delivering higher productivity with improved control at lower costs. Oracle Financials Cloud implementation is a business transformation, it changes the way you channel and focuses on core resources to handle important aspects of any business operations. It empowers modern, adaptable finance with increased productivity and improved business decisions. Example: Using the Financials offering, your enterprise can configure how you manage financial flows, including assets, ledgers, cash cycle etc.

Types of modules in Oracle Financials:

Accounting and Control

  • Accelerating financial processes and reports with automation
  • Reducing exceptions with machine learning and AI-driven analytics
  • Removing complexity with a single business standard
  • Simplify calculation by automating joint venture management accounting
  • Dealing with multi-currencies, languages, and accounting standards out of the box
  • Integrate planning and budgeting across the entire procure-to-pay transaction lifecycle
  • Reducing financial risk in intercompany transactions
  • Increase enterprise visibility with the fastest and most scalable general ledger 

Accounting Hub

  • Enterprise-wide accounting platform
  • Harmonized accounting data
  • Trusted financial information
  • Adaptable centralized accounting
  • Rich financial business partnering
  • Powerful accounting engine

Payables and Expenses

  • Control cash outlays
  • Establishing touchless invoicing
  • Save on operating cost with shared services
  • Accelerate expense management

Receivables and Cash

  • Put cash to work faster
  • Increasing accuracy in cash forecasting
  • Improve customer loyalty with personalized service
  • Easily configure services and meet your customer’s pricing needs
  • Simplifying management of contracts, billing, and revenue
  • Automating revenue recognition calculation

Asset and Lease Management

  • Automating the entire asset lifecycle
  • Supporting multiple tax depreciation strategies
  • Reducing accounting complexity

U.S. Federal Financials

  • Automate US federal accounting
  • Improve financial reporting
  • Meet Prompt Payment Act requirements

Benefits of Oracle Financials Cloud

  • Accessibility of Features in the Oracle ERP Financials Cloud is one of the key features. You can be accessed via the internet anywhere, anytime and works on any laptop as well as mobile devices such as smartphones and tablets. This is particularly useful when employees desire flexibility in their schedules and work environment.
  • It offers both real-time and on-demand capabilities in reporting, ERP Cloud Financials Suite gives you the information to make the right choices for your business when you need it.
  • SaaS solutions exist in Cloud environments that are easily scalable and have integration with other SaaS offerings. Oracle ERP Cloud is engineered to enable a wide range of application integrations and provides this capability in a reliable architecture. Oracle ERP Cloud supports complex integrations as well as bulk data movement.
  • ERP Cloud adapts to your business needs, can be deployed in the Cloud offered on premise, or run concurrently alongside your existing platform, all with simple implementation and management capabilities. Streamlining your financial platform means adding more value to the rest of your business.

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SOAIS - Worksoft Newsletter

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Dear Default Value,

Welcome to SOAIS Newsletter of September 2021!

Continuous Testing with Remote Execution
The speed of innovation continues to increase, driving rapid and relentless change for today’s ever-evolving IT landscapes, creating greater risk as IT and business teams scramble to ensure timely delivery. How can your organization keep pace? Test more, worry less. With Worksoft’s Connective Automation Platform, you can easily build and maintain automated tests, accelerating testing time without losing scope or volume. You can schedule and execute remote, continuous tests to intercept defects sooner and prioritize remediation - without sacrificing your nights and weekends. Explore how continuous test automation and remote execution can empower your organization.

Click here to connect with us to get more information on our services.

Skip Costly Rework with Dynamic Change Resiliency​

Change resiliency is imperative in ever-evolving IT environments. Our patented object action framework streamlines change management by assigning object definitions to your shared assets. The same object may be used in a thousand automation steps, but it can be easily updated by making one simple change to the model definition. The change automatically propagates to every single instance where that object may have been used without a single line of code or manual human involvement. For more change readiness you can also engage our Impact Analysis for SAP to predict how changes in SAP transports will affect your business processes. 

Please click here to watch the video to get a gist.

SOAIS Blog – Nuts and bolts of Certify Database Maintenance​

One of the key thing, which is often missed by the organizations, who have invested in using Worksoft Certify for automating their Business Process Validation initiatives, is implementing a Database Maintenance Plan. While the business and the test automation consultants get excited about the shiny new thing that they have got and start building the regression suite; planning and executing a database maintenance plan for most of the customers gets pushed down the priority list. However, since all the test assets in Certify are stored in a Database, a robust database maintenance plan is very important to maintain smooth operation of Certify with acceptable performance criteria. The customers usually start facing issues once they have built significant number of Certify processes which they have started executing on regular basis. Such executions add a lot of data to the tables storing results data and increase the overall size of the Certify database.

Please click here to read the complete blog.

Worksoft Blog – Process Intelligence: A Multi-Dimensional Approach

The ability to extract process knowledge has become easier through the years. Technology has evolved to the point where we can deploy capabilities that connect at multiple levels to extract different types of process insight. In the past, organizations were forced to spend enormous energy extracting data manually from different applications and databases. Then, they would have to use things like spreadsheets to transform the data and convert it into meaningful information. 

Please click here and read the complete blog.
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