Functional and Data Security for Executing Oracle Fusion Financials Cloud

Oracle Fusion Financials Cloud predefines same occupation parts, such as General Accounting Manager and Accounts Payable Manager. The client can utilize these parts, make job roles, or change them as required and can be allocated more than one part, so don’t characterize a part that incorporates every one of the gets to require for clients.

Oracle Fusion General Ledger Security is a part of fusion financials. Its capacities and information are secured through the information get to sets, job roles, and portion value security rules.

Functional Security is the thing that you can do and is managed using work parts. The General Accounting Manager, General Accountant, and Financial Analyst are employment parts which are predefined for Oracle Fusion General Ledger. Each occupation part incorporates coordinate benefit stipends and obligation part assignments to offer the entrance to application works that compare to their duties.

Data Security which controls what action can be taken against which information. It is overseen utilizing data access sets, it can be characterized to allow access to a general ledger, record set, or particular essential adjusting section values related to a record. You settle on a choice whether information gets to set gives read just get to or read and compose access to the record set, which commonly speaks to your lawful elements that have a place with that record. Primary Balancing fragment values without a specific lawful element affiliation can likewise be specifically appointed to the record and segment value security rules control access to information that is labeled with the value set related to any portion of your graph of records.

In Oracle Fusion Account Payables you can secure and get to solicitations and installments by business unit, for survey or handling just in the specialty units to which you have authorization which must be unequivocally conceded to every client. Account Payables is incorporated to the report storehouse for handling filtered solicitations.

How Oracle Fusion Financials can be Deployed

Oracle Fusion Financial is a unique tool for the proper financial management for firms. Its various modules like ledger accounting, Payable management, Receivable Management, Supply Chain Management, Cash Management help in running the processes in the firm in the most productive manner. Oracle offers 3 ways through which it can be deployed. List is as under.

  1. Public Cloud: Here Oracle Fusion Financial will be implemented with the help of Oracle Cloud service. It gives the user seamless experience of handling the processes. Its salient features are as below.
  • Highest level i.e. 99.5 % availability
  • It gives the virtual tenancy
  • Standard Disaster Recovery Mechanism
  • Strong Backup Measures
  • Good Production Climate
  • Updated interface
  • Flexible Capacity and Adaptation
  • Central control and monitoring

License can be issued for user’s name only and less customization option are available. It has to be upgraded if the user wants to make it compatible with other Oracle applications.

  1. Private Cloud: In this system the user gets in built infrastructure and data center from Oracle itself. User gets better visibility and control on the database and information posted in the system. Following are the unique features of this option.
  • There is no restriction of name user basis
  • It offers all the functions and processes
  • It can be upgrade and extended also as per user needs
  1. On Premise: In this option the users get the application installed in their own data center. It gives the extra edge because of the own data center management. It is so customized and high in demand in the market. User can go for personalized experience. One can manage the applications and modules form a central location. It gives absolute advantage for handling different business units and their transactions. One can give instruction to the other units in a seamless manner.

Third Party Payment in Oracle Fusion Financial Payables

Third party payment is that payment which a company makes to an external partner on behalf of its supplier. In normal cases only supplier is paid directly but if the supplier wants any specific party to be paid from the company itself, Fusion Financial Payable module helps in this too. Here the user will assign the third party to get payment on supplier’s behalf. Company gets the freedom in this module to define the reason of any such third party payment. For example a supplier becomes bankrupt and he is supposed to make payment to someone; in this case one request can be filed that all payments should be made directly to the third party. Another case could be where supplier has cash flow problem and request the company to make the payment.

Oracle Fusion Financial offers this feature at user level. It can be done from a central location for all the business units. There are certain terminologies used in this module which are very important to understand.

  • The supplier is said to be the Invoice Supplier in the system.
  • Invoice Supplier Site is the Suppliers site.
  • Remit-to Supplier is the third party who receives the payment
  • Remit-to address is the supplier’s site and it will be referred as third party.
  • There will be an agreement signed between all the parties for the payment; participating units will the supplier, the third party and buying organization.
  • The supplier issues a purchase invoice to the buying organization with remit -to details and third party.
  • The buying organization makes a payment to the third party

Oracle Fusion Financial is infused this new feature to meet the diverse requirement of the businesses. With this facility the user gets more freedom of handling their purchase, invoice handling and payments. Relationship with the supplier also becomes healthy and strong as a result.

Fixed Assets Overview

Assets management is very important in financial management. Right planning for the assets only leads to improved business productivity and performance. Oracle Fusion Financial offers various measures of Asset management features which are mentioned below.

  1. Asset Dashboard: In Oracle Fusion financial assets are managed from a central location. The user can monitor the details of incoming assets from multiple sources like Fusion Projects, outsourced agencies, Fusion Payables and see the value, depreciation, cost incurred, closing details etc instantly. It can also assign assets to multiple lines for making the right balances and checks. By handling the large volume asset data it enhances the productivity in the system.
  2. Drafting the Asset Information: Oracle Fusion Financial quickly acquires the multiple asset information and saves them in the draft so that the user can access the fact and figures immediately after logging in the system. It helps in keeping the track of all assets and beating the overloading of paper work. It is done from a central location to avoid closing from multiple pages.
  3. Draft Asset Retirements: In oracle Fusion Financial the addition of asset retirements are very quick even if minimal information is there. It captures the data until the full information is made available and eliminates the involvement of paper work at the office. It is also managed for a main location so there are no delays in closing the book.
  4. Report Making: The user can obtain the desired information for a particular entry in the system by different search options available. With this planning and execution become hassle free. Multiple reports can also be extracted for various sources.

Hence Oracle Fusion financial offers strong support for the asset management in the accounting book and user gets multiple options to choose from a variety of sources. Right decisions can be obtained on the basis of the findings.

Oracle Fusion Financials – Overview

 

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.

 

 

 

Oracle fusion financials cloud

Oracle fusion financials cloud is termed as one of the main application which predicts and also authorizes the financial business processes within a  loop of comprehensive cloud solution and also which is designed to automate and streamline the firm’s  financial management processes from the end-to-end user through cloud computing process.

Oracle fusion financials cloud delivers a complete solution that includes following categories simultaneously:

General Ledger

Payables

Receivables

Payments

Cash Management

Tax

Expenses

Assets

Oracle fusion financials cloud applications are a complete and modular set of enterprise applications, which are engineered from the ground level and which must be cloud-ready and should also to coexist seamlessly within mixed environments. Generally, with Oracle enterprise software and cloud applications, we may get the benefits of cloud computing as well as in terms of power, choice, confidence through our work overflow process. We can access the complete and best-practice business processes across functional pillars within the cloud. Oracle fusion financials cloud applications at any case we need them through corresponding to public, private, or hybrid cloud. So Global and enterprise-software cloud security are performed to meet the requirements of even the most demanding terminology in today’s world.

Benefits of Oracle fusion financials cloud:

Only Oracle fusion financials cloud offers the benefits of the enterprise-software cloud systems and as well as application services which are due to massive engineering investments in Oracle applications across the Oracle combined technology which contains basically the stack and data cloud centers.

Oracle fusion financials cloud applications provide a  high quality, customized functionality which contains the amount of full space from end to end systems by complete business processes where it will results in consistent, optimized end user experience, and with an integrated information and reporting through fusion solutions.

Oracle fusion financials cloud is an application basically, it upgrades the causes of business users to adapt it very easily with some changes and even they can customize it by their own experience.

Oracle fusion financials cloud provides more choices on how to build cloud applications which are consumed by end-users. Deploying of cloud applications can be done in private, static, public, with the durability and flexibility to adapt the ultimate strategy of changing business requirements too in the ecosystem. This majorly includes cloud portability so that you are never locked in that situation. Which is the one of the most comprehensive integrated application and also scalable in financial management solution which is available for it. Oracle fusion financials cloud offers extensive support for global companies in a wide variety of industries. Oracle’s accounting and Oracle fusion financials cloud solution delivers full visibility of an enterprise’s financial position, by reducing the amount of time spent on managing accounts and also by allowing more time devoted to strategic decision making for solutions.

Oracle fusion financials cloud delivers an integrated approach to financial management and business processes through oracle fusion financial cloud applications in the software ecosystem. It basically transforms the information access systems through real-time intelligence which is natively built on the multi-database model. It offers one of the best parts of reporting techniques and as well as also provides scalable and integrated financial management solution for global applications through infrastructure support.

Oracle fusion financials cloud process the solutions to systems at anywhere anytime within the progress of information delivered through them. Generally, the course is important for any customers who are using oracle fusion financials cloud applications simultaneously basically it benefits them regarding oracle cloud application and front end deployments through real-time intelligence.

Oracle fusion financials cloud applications can be deployed and designed through following three core functions which are highlighted in the below-mentioned categories.

Public Cloud: It can be termed as software as a service where through deploying we can estimate virtual tenancy, backend database procedures, disaster recovery, how to control and manage central monitoring through client release updates.

Private Cloud: It can be termed as infrastructure and software as a service oriented benchmark Basically the advantages of this module is, here the client’s data centers will have more control, command, and visibility towards the information which is stored in database list which also pertaining to the oracle management architecture.

On-premise Cloud: We can determine basically, that oracle provides the software terminology where we will be installing on our data centers. But this concept is similar to private cloud data center offers except in the case of client’s data center.

O2C Cycle

The O2C Cycle or Order to Cash process flow starts from entering an order with a standard good into the system. When you enter an order, the item is validated in inventory phase, the price is calculated for the purchased items using the pricing engine, also the availability of the items are checked and are reserved. Once all the required fields are entered on the header and the lines, you can book the order. When you click on the book order button, it checks if the order is eligible for booking or not. If eligible the order is booked and the header status changes to booked.

O2C Cycle

The next step is the pick release with which you move the goods from the sub-inventory to the staging area. The next step is to confirmation of shipment, to indicate that the items are loaded onto the carrier from the staging area. When you run Ship Confirm, the system decrements inventory and update sales order line status. This information is then transferred through the Auto Invoice to Account Receivables for invoicing. Then you can send the invoice to your customer for the items shipped and then perform the cash management and bank reconciliations.

In O2C Cycle  Order Management department receives the detailed information from the inventory application and price list information from the pricing application. Orders and returns can be entered manually or imported throughout an external source. Once in the system, the order is ready to be pick release and shipped if needed by the shipping application. It can then proceed through the Auto Invoice program for the account receivables application to be invoiced. All of the accounting information is transferred to the general ledger by the Inventory and account receivables applications.

In O2C Cycle the required fields to enter on the purchase order header are the customer name, number and order type which is generated based on the order type. Other values such as Ship-To Address, Bill-To Address, Shipping Method, and Price List default. The fields required to enter on the sales order lines are purchased Item and quantity. Again, based on defaulting rules and setups in pricing, shipping, and inventory, the other values would default on the purchase order line.

 

P2P Cycle

P2P cycle also called as Procure to pay cycle. First, you enter the Requisition for required product, then supplier sends a reply of requisitions or request for quotation. You can approve the quotation of a vendor after to record all data which is received from your suppliers such as terms and conditions, shipment details, and price breaks.P2P-Procure-to-Pay-cycle

Then you can go forward for purchase agreement which is of two types: one is blanket purchase agreement and other contract purchase agreement. You can use blanket purchase agreement to communicate to that vendor that are negotiating pricing before actually releasing firm purchases. It must have detailed data besides the header level information. A blanket purchase agreement contains lines for specific terms and conditions, quantity, promised date, need-by-date, and prices. You can create a contract purchase agreement with a vendor has to agree to terms and conditions and other goods, without entering into an agreement for specific goods or services. It can support competitive solicitation through the request for quotation process and then through the purchase releases because a contract purchase agreement has only header level information and no detailed information. Header level includes terms and conditions, currency supplier and a supplier website. You can also enter a purchase order for confirms to purchasing goods. Purchase order module has four types: Standard, Planned, Blanket, and Contract.

In P2P Cycle whenever you get goods or service that time you enter receipts in the system. There are five types of receipts: manual receipts, unordered item receipts, express receipts, cascade receipts, and substitute item receipts. That time accounting entry should be debited to inventory material cost and credited to clearing accounts payable.

In P2P Cycle whenever you get the invoice receipt from accounts department, it enters in the system that time accounting entries should be debited accounts payable clearing and credited to accounts payable. Then you can make a payment to a supplier that time accounting entries should be debited payable liability and credited to cash clearing account. After reconciliations between cash management and bank, account should be debited to cash clearing account and credited to bank account.

Oracle Fusion Financials Training in Ameerpet Hyderabad

Oracle fusion coaching ameerpet contact details

Oracle Fusion Financials is a complete set of oracle fusion applications which includes the suite as general ledger, cash management, accounts payables, accounts receivables, tax, expenses, and fixed assets. It is used to increase our financial business for future growth and decrease IT costs.

                Oracle Fusion Financials coaching in Ameerpet, Hyderabad is provided by our corporate real-time working experts on oracle fusion applications for over years. In our training program, we teach all modules on oracle fusion applications and implement the in real-time projects.

We offer in-depth training on all oracle fusion applications and its modules at Ameerpet, Hyderabad. Our training program will introduce all concepts in fusion financials. Through our training center, we have trained many students and they are placed in good jobs with hike payroll. We have daytime batch and evening batch classes in classroom training.

We provide the real-time and placement focused ORACLE FUSION FINANCIALS training in Ameerpet, Hyderabad. Our course structure includes from basic level to advanced level and is build to get the placements in MNC’s, once you complete your fusion financials certification training course. We have well-certified oracle experts and working professionals with hands-on real-time multiple oracle fusion projects.

We are the pioneers in classroom-based training and web-based training in Hyderabad and we are said to be leading trainers in all over the world from data technology. We have the best experts with excellent knowledge on oracle applications development, thus keeping them on the line between theoretical knowledge and real-time experience. We have a look on maintaining the batch size in classroom training to provide good interaction with them while teaching with each and everyone. We have more than ten years of real-time experience in training the students on oracle apps and having a dedicated vision for the students in placing them in MNC’s with satisfying payroll to lead their career. We offer the students with cost-effective training and train them in flexible timings.

We have designed our course content based on current industry standard and students requirement. We are equipped with good lab facilities and good infrastructure. We provide ORACLE FUSION FINANCIALS certification training path for students in Hyderabad, Ameerpet.

ABOUT OUR ORACLE FUSION FINANCIALS TRAINERS:

  • We have more than 10+ years of expertise in oracle fusion technologies
  • Has worked for many real-time oracle fusion projects
  • Trained and placed thousands of students in MNC companies
  • Have strong knowledge in theoretical and practical on oracle subject
  • We are certified professionals in ORACLE FUSION APPS
  • They are said to be leading trainers throughout the worldwide
  • There online training is appreciated across the globe for its way of teaching
  • They provide high-quality training on oracle fusion applications
  • Have self-paced videos and instance fusion access for practice

Oracle Fusion Financials Online Training:

Our online training program is designed to provide an effective learning experience for students and on-job professionals across all major locations in the world. Online Training will be conducted by our experienced IT professionals on oracle fusion applications and its suite.

In the online training program, we provide you with material on a related topic which are proof read and it is verified by our experts to make it simple and easily understandable.

Oracle Fusion Financials Classroom Training:

We provide classroom-based training on Oracle Fusion Financials in Ameerpet, Hyderabad. Our traditional classroom based training has been imparting quality teaching since 10 years for IT career students in the oracle fusion technology. In the classroom we even clarify the queries of the learners on any topic and also provide related examples for easy understanding. They focus on financial business area how to improve and expand their business in IT firms and lowering office costs.

 

Oracle Fusion Financials Training

Oracle Fusion Financials is a subset of OracleOracle fusion financials training phone numbers Fusion Applications, they are a group of services build to capture and analyze the financial information on a worldwide basis.

There are two types of offerings in Oracle Fusion Financials:

  • Oracle Fusion Financials includes a general ledger, accounts receivables, account payables, fixed asset tracking, expense management, tax management and cash management functionality.
  • Oracle Fusion Accounting Hub, which provides the reporting and integration platform to effectively drive a coexistence method with your present financial systems. It is designed to distribute in coexistence with E-Business Suite, JD Edwards, PeopleSoft, and other enterprise resource planning systems. The intent of financial applications is to provide a comprehensive financial management solution from start to end across the accounting process. It consists of streamlined and provides unified best in class capabilities and features.

Oracle Fusion Applications help you to change your business into a gen-x enterprise and are based on the following elements:

  • Adaptability of the native service-oriented structure
  • Productivity of the embedded business intelligence
  • Manageability of the implementation, construction, and deployment
  • Model ability of the enterprise-wide business processes

Oracle Fusion Financials provide features for:

  • Receivable and Collection functionality within the Order Fulfillment process
  • Fixed Asset accounting and reporting within the Asset Management process
  • Cash Management functionality within the Order Fulfillment process and Procurement process
  • Payable and Payment functionality within the Fusion Procurement process
  • Financial Control and Reporting including tax, expenses, sub-ledger accounting, general ledger, consolidation, and reporting functionally
  • Expenses management functionality within the Compensation Management process
  • Multi-GAAP compliance including approaches for concurrent compliance with corporate and national regulators
  • Currency compliance including capabilities for accounting in quantity and currencies and for translation to functional or reporting currencies as required in fulfillment of relevant principles within the International Financial Reporting Standards (IFRS) and the United States Generally Accepted Accounting Principles,(GAAP)

Oracle Fusion Financials Classroom-based Training:

From traditional learning, we used to follow classroom-based training for learning. We teach oracle fusion applications and its suite. Training in a classroom can clearly clarify the queries of the learners instantly with their experts. We have real-time experts in oracle fusion applications teaching. They support their students and encourage them to take part in live projects and discuss until they have a grip on the particular topic. Oracle fusion financials is a module of oracle fusion applications which is used to increase their financial business firms to get better results and lower office costs.

Oracle Fusion Financials Online Training:

Nowadays in updating technology, many students are enrolling for online training in various technical courses. The oracle fusion applications have more demand in present business organizations from R12 to fusion applications. As fusion financials is a complete set of financial management, they are used to improve and expand their business organization which reduces the office costs and get better results. Most of the students or on-job professionals who can’t attend their classroom based training in a particular subject they step towards online training classes which they can attend from their own remote places at any flexible time.

We offer a high-quality online training in oracle fusion applications and its modules. We have over ten years of real-time experience in oracle teaching and deliver to students with new techniques and simple methods for e-learning. We also provide self-paced videos and instance fusion access for practice on oracle fusion financial applications. We are said to be leading online trainers in data technology and are accepted through worldwide for its teaching style.

Online Training became fast growing because it can be accessed from anywhere at any time with affordable course fee. Oracle Fusion Financials Online Training had already taken by many users across all major areas of the globe to improve their financial business intelligence.