Oracle Fusion Financials is a holistic integrated financial management tool which can dramatically automate, systematize, and monitor the control of any firm’s financial management processes. Its range will be end-to-end. It covers a wide gamut of processes and applications that are totally combined and highly integrated. It is also termed as Gen-X Suites of software applications to integrate several modules such as Portfolio Management, Customer Relationship Management (CRM), Financial Management (FM), Human Resource & Human Capital Management, Logistics & Supply Chain management (SCM), Management & Governance, Inventory Management, and Procurement Management.
It encompasses the entire range of someone’s General Ledger (GL), Account Payable and Receivables, Asses Liability Management, Collection and Payments of Account, Cash and Non Cash Management.
Oracle Fusion Financial is compatible to work with different other Oracle Fusion applications like People Soft Application, E- Business Suite and many other ongoing application portfolio. This feature actually takes the business excellence to new height of performance. It provides standardization to business productivity and efficiency. Best illustration of this is Oracle Fusion Accounting where one can integrate the existing processes with Oracle Fusion Financial and add up innovations to meet specific business requirements. It enables the user to add third party feeder system so that multiple reporting needs can be fulfilled. It encompasses IFRS, US GAAP and other local statutory reporting necessities. Some useful innovations in it are Spreadsheet Collaboration, Extensive Dashboards, Excellent Analytics, Strong allocation engines etc.
It is a great interface where one can add several applications to achieve extra business leverage with the sharp service orientation. It decreases the IT expenses and increases the efficiency and productivity with improved results. One can make the information sharing more strong with Oracle Fusion Financial without disturbing the existing processes. Even it allows the user to integrate the data from Oracle and Non Oracle environments simultaneously.