Oracle

Oracle Financials Cloud


4 / 5
35 reviews

Who Uses This Software?

Any company looking for a complete financial management software


Average Ratings

35 Reviews

  • 4 / 5
    Overall

  • 3.5 / 5
    Ease of Use

  • 4 / 5
    Customer Service

Product Details

  • Starting Price
    Not provided by vendor
  • Pricing Details
    Contact Oracle for pricing details.
  • Deployment
    Cloud, SaaS, Web
    Installed - Windows
  • Training
    Documentation
    Webinars
  • Support
    Online
    Business Hours

Vendor Details

  • Oracle
  • www.oracle.com
  • Founded 1977
  • United States

About Oracle Financials Cloud

Complete financial management solution that includes general ledger, accounts payable, accounts receivable, fixed assets, and cash management.


Oracle Financials Cloud Features

  • Accounts Payable
  • Accounts Receivable
  • Bank Reconciliation
  • Billing & Invoicing
  • CPA Firms
  • Expense Tracking
  • Fixed Asset Management
  • Fund Accounting
  • Government
  • Nonprofits
  • Payroll Management
  • Project Accounting
  • Purchase Orders
  • Tax Management
  • Budgeting & Forecasting
  • Cash Management
  • Consolidation / Roll-Up
  • Currency Management
  • Financial Reporting
  • Investment Management
  • Project Management
  • Revenue Recognition
  • Risk Management
  • Tax Management

Oracle Financials Cloud Reviews Recently Reviewed!


Oracle Fusion - underdeveloped, slow, awkward and undersupported

Sep 13, 2018
1/5
Overall

1 / 5
Ease of Use

3 / 5
Features & Functionality

1 / 5
Customer Support

1 / 5
Value for Money

Pros: It is easy to access via the web due to the cloud based. Not having to purchase server infrastructure is an expense savings.

Cons: Oracle Fusion is frankly not a fully developed product. As a previous user of server-based Oracle ERP, the lack of operation functionality is mind-boggling. It is awkward to use. Many times you have to click multiple levels to find information that almost any other system provides on one screen. Every screen with a table will only return a few rows of the table and then makes you scroll down and the system fetches that data. Providing 10 columns of data 10 rows at a time is clunky, time consuming and unacceptable. If you investigate a record and return to previous screen you will have to do the fetching procedure all over. The seeded reports haven't covered even standard financial reporting, G/L research and inventory reporting. Writing your own reports is challenging due to a lack of documentation of how and where the system stores data. Ever since implementation, we have had to fight very hard for even simple fixes. We often met with some combination of "why would you need that", "the system will never do that" and "your request will have to wait in line and will be fixed if enough users are concerned" for a number of levels of Oracle sale, support and management. Ultimately our operations are somewhere between 25% and 50% slower than our previous old outdated MS Dynamics system.

Cumbersome

Jun 12, 2017
3/5
Overall

1 / 5
Ease of Use

3 / 5
Features & Functionality

2 / 5
Customer Support

2 / 5
Value for Money
Likelihood to Recommend: 3.0/10 Not
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Pros: System of record; maintains and help manage financial records; It maintains records and the workflow is some what intuitive; everyone at the company knows about the system, despite its user unfriendeliness.

Cons: Two many click through; too many level of windows.options; I wished it is easier to gather the data once they are included in the system; too many versions (web and client versions); doesn't work well with other web applications

Overall: It's system of record, no choice.

Software Engineee

Oct 07, 2016
5/5
Overall

4 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support
Likelihood to Recommend: 9.0/10 Not
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Pros: I have very keen interest in this Software which could deal with Programming . I am quick learner , I have tried to do something productive throughout my career till date.

Cons: It should not be dependent on schema which makes it high dependency

Overall: In Oracle Financial Software Services , I worked with a CITI Project CLUE which was Risk Management Tool used for CITI Clients for determining risk factor and other transactional activities. I was responsible for the Automation , Manual testing and Functional requirement gatherings.

Recommendations to other buyers: No

The Best value for money ERP

Sep 30, 2016
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

4 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: Streamlines the processes

Cons: Customer service can be improved.

Overall: Been using it since 2004. Continuously evolving product. Lots of new features available in R12.

License can be bought by module. The main modules in Oracle financials are Fixed Assets, General Ledger, Accounts Payables, Accounts Receivables etc.

Oracle is also offering cloud ERP now. Cloud ERP may reduce the total cost of ownership.

To implement Oracle ERP, many skilled people are available when compared to other products.

Oracle ERP comes with Oracle database. The performance will be great.

Recommendations to other buyers: Continuously evolving

Segmented system with poor reporting

Oct 12, 2018
3/5
Overall

3 / 5
Ease of Use

4 / 5
Features & Functionality

5 / 5
Customer Support
Likelihood to Recommend: 7.0/10 Not
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Pros: I like the interface, in that it is very modern, with colorful tiles for the different modules on the homepage.

Cons: The aspect I least like would be the reporting. I find myself having to run several reports and integrate the data to get the information I need, whereas I should be able to find it all in a single report. This can be very time consuming and tedious.

Oracle is an enterprise solution software which can be mapped to any business process.

Jun 08, 2017
5/5
Overall

4 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money

Pros: Its flexibility to customize as per business needs.

Standard out of the box covers a lot of business processes

SLA and EB Tax are the highlight modules.

Cons: High Maintenance and license cost

frequent version upgrades

Unlimited customizations which sometimes can be a pain

Easily configurable Financial Management System

May 10, 2018
4/5
Overall

4 / 5
Ease of Use

5 / 5
Features & Functionality

4 / 5
Customer Support

4 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: Oracle Financials Clouds supports business process automation and is easily configurable to meet business workflow processes. It is also available across various devices and had good data visualization through its user interface

Cons: Can be difficult to work with in remote areas because of the inability to connect to the Oracle Cloud. The price per user is also high

Overall: Useful FMS with easy access with many configurable features

Its a monster out there

Oct 06, 2016
4/5
Overall

4 / 5
Ease of Use

5 / 5
Features & Functionality

4 / 5
Customer Support

4 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: Configurability and good out of the box functionalty

Cons: expensive consultants and random bugs , customer support not satisfactory

Overall: I have used it for 14 years now. It works great , but needs huge amount of time and effort to configure it correctly to suit the business

Overall ease of use but slow, glitchy, and some features could be better

Sep 14, 2018
3/5
Overall

3 / 5
Ease of Use

3 / 5
Features & Functionality

3 / 5
Customer Support

3 / 5
Value for Money
Likelihood to Recommend: 6.0/10 Not
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Pros: In my position, I mainly use this product to apply customer payments. With that in mind, it is easy to use and is set up well. The features are self explanatory. Customer support is about average at best.

Cons: Since my job is mainly posting customer payments and adjusting invoices it would nice to be able to adjust invoices through the Manage Credit Memo Applications feature. This would save extra steps in having to go another route in order to adjust the invoices.

Most loved software

Dec 06, 2018
4/5
Overall

4 / 5
Ease of Use

4 / 5
Features & Functionality

3 / 5
Customer Support

3 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: Very universal software. Most companies are using it or plan to switch.

Cons: System seems to slow down and crash as updates and more business data is added.

A complex software that is glitchy and needs improvement

May 10, 2018
3/5
Overall

2 / 5
Ease of Use

3 / 5
Features & Functionality
Likelihood to Recommend: 4.0/10 Not
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Pros: To be honest, there is not much that I like about this. If you have no choice but to use it, it does have the features needed for contract management and such. However, I can think of an alternative software for every feature that oracle has that would be a better option.

Cons: It is difficult to train for, the number of clicks it takes to do a single task is horrendous, the software is glitchy and one simple error becomes something not so simple after all.

Very Good

Oct 09, 2016
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: Revenue & Collection

Cons: Nonthing

Overall: I used when I was working as Financial Analyst, I feel that it's really perfect software to be used as Financial decision making.

Recommendations to other buyers: Off course to so many friends

Another great Oracle product

Dec 04, 2018
4/5
Overall

4 / 5
Ease of Use

4 / 5
Features & Functionality

4 / 5
Customer Support

4 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Pros: Easily links up with PeopleSoft and all other Oracle products that are already working great in our company. Does everything a large business needs it to do with managing all aspects of finances such as payroll, expenditures, etc. Runs nicely on Windows and iOS operating systems.

Cons: Cost. It's expensive compared to some other comparable products, and maybe not worth that for smaller businesses. Large businesses can justify the expense, though.

Great Financials Software

Sep 30, 2016
5/5
Overall

4 / 5
Ease of Use

4 / 5
Features & Functionality

4 / 5
Customer Support

3 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Comments: Oracle e-Business suite Financials is an easy to use, robust software.It has more features and excellent reporting capabilities. Robust in SOX compliance

The software was user friendly

Jan 05, 2017
3/5
Overall

3 / 5
Ease of Use

4 / 5
Features & Functionality

3 / 5
Customer Support

4 / 5
Value for Money
Likelihood to Recommend: 7.0/10 Not
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Comments: The help guide I used was very helpful. If I needed any direction or how to input. I enjoyed being able to save certain layouts.

Perfect virtual manager

Oct 27, 2018
4/5
Overall

5 / 5
Ease of Use

4 / 5
Features & Functionality

3 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Pros: The most important thing like about this software is the user interface and ease of using it. It is flexible to customize to business standards. Other thing I like about it, it is cloud based.

Cons: It is little expensive to maintain. It looks little confusioning for the new users.

Overall: I think it is really a perfect software for the financial management. I recommend this software for financial management.

Customer payments

Dec 06, 2018
4/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: Customers are able to make safe payments using a variety of options with so much ease. it offers a wide range of options including online payments, mobile payments and even make cash payments directly to your company using Sage 50. Customers can also access their invoices online without having to move to the company.

Cons: Integration with other software is a big problem.

Overall: inventory control, client management and supplier management is simplified and automated. one is able to track outstanding bills and overdue invoices .

Capterra loader

Hard to believe this is a modern day tool

Nov 27, 2017
3/5
Overall

2 / 5
Ease of Use

4 / 5
Features & Functionality

3 / 5
Customer Support

2 / 5
Value for Money

Pros: I like the reporting our team has been able to build. If I am doing in depth digging on our financials it is a pretty powerful machine.

Cons: The interface is a challenge. It feels like something developed 20 years ago. It is slow and difficult to find what you are looking for. Often large queries take down the system for the entire institution.

Overall: We use this software to manage all of the finances for the university. It has allowed for deep reporting but it is a struggle at the micro level just to tell what you have bought.

Capterra loader

A solid choice

May 07, 2018
4/5
Overall

2 / 5
Ease of Use

5 / 5
Features & Functionality

4 / 5
Customer Support

3 / 5
Value for Money
Likelihood to Recommend: 7.0/10 Not
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Pros: The product is trying to evolve, going to the cloud, and allows it to be adapted to any need of the company.

Cons: it carries a boulder consisting of the architectural complexity of the versions that have followed year after year

Overall: the certainty of the result

Capterra loader

Oracle Financials

Sep 27, 2018
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

3 / 5
Customer Support

3 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: The modules cover all standard requirements to support the finance organization including countries localizations where necessary

Cons: The package requires specific resource for installation and configuration

Great Financial Tool

Dec 11, 2018
4/5
Overall

4 / 5
Ease of Use

5 / 5
Features & Functionality
Likelihood to Recommend: 5.0/10 Not
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Pros: Ability to have all your time management needs in one software.

Cons: Wish the calendar had more options to be able to customize what you see.

Oracle Financials Cloud Review

Oct 10, 2018
5/5
Overall

4 / 5
Ease of Use

5 / 5
Features & Functionality
Likelihood to Recommend: 8.0/10 Not
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Pros: Oracle Financials Cloud is great for pulling data all from one place.

Cons: It can be a little confusing at first to pull the data.

oracle financials review

Dec 11, 2016
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

4 / 5
Value for Money

Comments: I like the way it organizes things so clearly and efficiently; it makes expense reporting much easier! I also like that you are able to see ongoing status updates in regards to whether your expense report has been approved by your supervisor or not-- that is very helpful when attempting to follow up on a report.

Best in class financials product

Oct 02, 2016
4/5
Overall

5 / 5
Ease of Use

4 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money

Comments: Great finance domain features, ease of configurations, user friendly, easy integrations to 3rd party systems, decent reconciliations, seamless integrations to OM, SCM, Billing, Projects and other business functions. Need to add some GAAP and IFRS features in future for revenue recognitions.

Oracle Financials review

Jan 05, 2017
4/5
Overall

3 / 5
Ease of Use

4 / 5
Features & Functionality

4 / 5
Customer Support

3 / 5
Value for Money

Comments: The tool is easy to understand and navigate. When you make a mistake and receive an error message it is in RED and very clear instructions are included for remedying the issue.

Application Deveoper

Oct 05, 2016
4/5
Overall

4 / 5
Ease of Use

4 / 5
Features & Functionality

4 / 5
Customer Support

3 / 5
Value for Money

Comments: We have been using for last 9 yrs atleast. We are expecting lof feature in P2P/OTC track.

Overall - it is good - will be great if we can have flexibility in OAF pages. Thanks

recommended

Feb 02, 2017
3/5
Overall

4 / 5
Ease of Use

4 / 5
Features & Functionality

4 / 5
Customer Support

3 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Comments: this app is also very useful, I recommend this one to everybody. I am a consultant in business and accounting area. i have used this one in past and it is very useful

Finances Are AWESOME!

Jan 29, 2017
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money

Comments: This software has also helped our firm. We have used multiple finance software in the past and this is by far the best one. I would recommend it to anyone.

Ok if needed

Apr 05, 2017
4/5
Overall

1 / 5
Ease of Use

1 / 5
Features & Functionality

3 / 5
Customer Support

Comments: Ok software if needed. Difficult to manuver and change. Too many menus to navigate to. Needs more clarity.

Amaz' on Application

Oct 05, 2016
4/5
Overall

5 / 5
Ease of Use

4 / 5
Features & Functionality

5 / 5
Customer Support

4 / 5
Value for Money

Comments: Oracle Applications is user friendly and simple. It is very flexible for commercial enterprise companies

Oct 21, 2018
5/5
Overall

Oct 25, 2018
3/5
Overall

May 02, 2018
4/5
Overall

Jan 29, 2018
3/5
Overall

3 / 5
Ease of Use

3 / 5
Features & Functionality

3 / 5
Customer Support

3 / 5
Value for Money
Likelihood to Recommend: 5.0/10 Not
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Oracle Apps Techno Functional Consultant.

Sep 28, 2018
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
Likely
Extremely
Likely

Pros: Easy to use, access, real time ERP system.

Cons: Some functionality are not good but over all I like it.