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.
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unique complaint from all these professionals is that the information is spread over across multiple sources and is the outdated, inaccurate, and time-consuming process to collect.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.