Oracle Fusion Financials

Oracle Fusion Financials is a suite of Oracle Fusion Applications, which revolutionizes the information access with real-time intelligence and native. It is said to be a complete financial management solution which is completely open and standard-based application that can be easily combined in a service-oriented architecture. Oracle Fusion Applications help you to improve performance, decrease IT costs, and get better results.

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Unlike normal financial applications, the financials consider the reporting, decision-making support, and productivity. The oracle fusion financials offers the core functions such as a general ledger – journals and allocations, accounts payable – pay supplier invoices, accounts receivables – invoice customers, cash management, and fixed assets.

New Standard for Reporting:

There are many different reporting requirements within the finance organization. The Chief Financial Officer needs financial analysts need to analyze ledger balances, professional-quality financial statements, and other users need to create transactional queries. A unique complaint from all these professionals is that the information is spread over across multiple sources and is the outdated, inaccurate, and time-consuming process to collect.

Oracle Fusion Financials delivers a state-of-the-art reporting stage that is natively constructed on top of an analytic data form. One-step posting from transactions to the logical data model ensures consistent, accurate information, and timely for both management and outside reporting. All the reports work off the same information and support drill-downs to live data transactions. All queries and reports are truthful to the minute, providing multidimensional analytics without the need for a different data warehouse.

New Standard for Decisions:

Financial users, particularly those doing data entry work, often have some data to complete transactions. The recent studies show that some of the organizations and workers are wasting some cent of their day in searching for the point of information overload, and the companies are spending the equivalent of salary expenses on employees for searching ineffective data. This leads to duplicate efforts, faulty decisions and lost productivity.

For this situation, oracle fusion financials lowers time wasted on ineffective data searches by users with the particular information they need at the correct time. Configurable, task-based dashboards combine the information from different sources, proactively observe the processes, and throw exceptions to various finance roles so they can take instant action. The users have to log in to know exactly what they want to do. With the use of oracle fusion financials, the system does more thinking for the user by providing decision making and real-time intelligence within the circumstances of a business transaction to guide your decisions.

The value comes from the General Accounting Manager console is the fact that – no one had to go all over the place, no one have to go and extract the data and get somebody else involved in it. No one had to get login into another system and one can do everything from anywhere. 

New Standard for Productivity:

Financial firms are statically trying to find ways to improve more productivity with less cost. Unfortunately, transaction processing dominates much of financials workload. Fusion Financials dramatically reduce the costs of resource-intensive job. Native spreadsheet technology provides a native extension to transactional entry to support high-volume data entry across most finance systems. Innovative out-of-the-box imaging integration radically improves invoice creation and should eliminate the costly third-party solutions. In addition, Fusion Financials is build to work the way financial users work on a daily basis. All pages are configured and optimized for the most productive user experience.

Oracle Fusion Training

Oracle Fusion is also known as Oracle Fusion Application (OFA) which is next generation suites of software application and it is distributed across different group, which includes wide range of oracle fusion applications training modules like Enterprise Resource Planning (ERP), Oracle Fusion Procurement, Supply Chain Management (SCM), Customer Relationship Management (CRM), Human Capital Management (HCM), Fusion Financials, Governance, Risk and Compliance (GRC).fusion-training-phone-numbers

Let’s have a brief look at each fusion application module:

Enterprise Resource Planning: Enterprise Resource Planning (ERP) is an industry term for the wide range of activities that helps an organization to manage their financial business. An important goal of enterprise resource planning is to facilitate the flow of data so that business decisions can be data-driven. The software suites are built to collect and manage data from different levels of industry to provide management with insight into key performance indicators in real-time.

Oracle Fusion Procurement: Fusion Procurement is a computer program that allows an organization to automate the processes of purchasing orders and maintaining an inventory of goods or services. Procurement software can generate requisition, approval, purchase orders, execute the ordering process online, invoice creation to goods received, and pay all bills electronically.

Supply Chain Management: Supply Chain Management (SCM) is the failure to notice of materials, information, and finance as they move in a process from vendor to the manufacturer to wholesaler to retailer to consumer. It involves coordinating and integrating cycle flows among companies. It is said that the ultimate goal of any effective supply chain management system is to decrease the failures.

Customer Relationship Management: Customer Relationship Management (CRM) is a term that refers to practices, technologies, and strategies that organizations used to control and analyze user interactions and data throughout the buyer lifecycle, with the goal of improving business relationships with customers, assisting in customer maintenance and driving sales growth. It is designed to gather information on customers across many various channels or points of contact between the company and the customer who includes the company’s fax, website, telephone, live chat, email, marketing materials and social media. It also provides customer facing staff detailed data on customer’s personal information, purchase history, buying preferences and other concerns.

Human Capital Management: Human Capital Management (HCM) is an approach to employee staffing that perceives people as human capital assets whose present value can be calculated and future value can be improved through investment.

Fusion Financials: Fusion Financials revolutionizes and data access with real-time intelligence and native. It is a fully financial management system which includes a wide suite of capabilities including general ledger, account payables, account receivables, fixed assets, tax, expenses and cash management. It is a standard-based platform to help users to increase their business processes.

 

Governance, Risk, and Compliance: GRC (Governance, Risk, and Compliance) is software which allows openly held companies to build and manage technical operations that are subject to regulation. GRC naturally combines applications that manage the basic functions of GRC into a single integrated wrap. It enables an organization to pursue a systematic, organized method for managing GRC related plan and implementation

Oracle Fusion Training:

We offered Oracle Fusion Training is being considered as one of the best training courses available across all major areas of the globe. This course is run and conducted by our best industry experts hence the training offers the best activity and developed industry compatible skills for enrolled students, on-job professionals, and others. It offers regular classroom-based training which is mostly preferred by students as well as web-based training which are availed by on-job professionals who attend classes from their own place at any time on Oracle Fusion modules.