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Complete financial management solution that includes general ledger, accounts payable, accounts receivable, fixed assets, and cash management.
Provider
Oracle
Located In
United States
Foundation
1977
Open API
Unverified
Deployment
Cloud, SaaS, Web-Based
Training
Webinars, Documentation, Videos
Support
FAQs/Forum, Email/Help Desk, Phone Support, Chat, Knowledge Base
Any company looking for a complete financial management software
Content Source: Oracle Cloud Financials
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Oracle Cloud Financials Reviews
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.
I think it is really a perfect software for the financial management. I recommend this software for financial management.
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.
Oracle e-Business suite Financials is an easy to use, robust software. It has more features and excellent reporting capabilities.
Cons
The only thing that is bothersome is that it tends to time out frequently causing me to continuous have to re-log in.
It can be a little confusing at first to pull the data.
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 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.
"Oracle Use"
Pros: Oracle is an outstanding software tool that is used by myself in the financial aspect of my employment. I used three different version of Oracle Financial starting with Oracle10.7, Orcle 11i and Oracle 12. Plus the side tool like Discover Report Writing and it Logistic tools.
Cons: The selections that my management made it what they purchased from Oracle and the Support that they provided to use the tool. I saw what could be done with Oracle by other regions with in my employer. We converted from 10.7 to 11i for one of the main reason was to track and manage our capital budget which for our region was $1.1 Billion Dollars. But after the conversion we had to start all over and start from the ground. Not Oracle fault but the consultants and management fault. We even manage that budget approval process in Excel.
"The ERP of all ERPS"
Overall: Love it. It makes ERP so easy to love and for sure the very best to use as an accountant. No need to move data from one application to the other and no need to worry with security
Pros: Still the best of the best hands down. I have been using oracle products for 18 years. In the middle of these 18 years, I have used Sage, Quickbooks and I can say Oracle is still the very best hands down. The integration is Superb. Its ability to integrate with other smaller systems is brilliant and the reports availability is wonderful. It is easy to learn and easy to navigate. Oracle cloud is my favourite for sure.
Cons: Maybe the price. I wish we could deploy more of the modules but the price is a deterrent for sure.
"Oracle Fusion - underdeveloped, slow, awkward and undersupported"
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.
"Oracle Financials Cloud as the only tool for financial solutions."
Overall: We use the Oracle cloud in our organization for various reasons that are to our liking and it benefits us in quite large quantities, in other outstanding aspects, we can highlight that this program has allowed us to develop very meticulous reports, including that it provides us with help visualizations for big data problems, underlining that Oracle Financials Cloud has guaranteed to create visualizations for all our presentations, which we elaborate frequently, for a dynamic and successful activity.
Pros: Oracle allows the immediate integration of each of the data that a company has, for financial knowledge, and agrees to compare the performance of costs with income, which is a very useful tool, which many organizations keep in mind, Due to the fact that these use options are very prevalent and sophisticated, including that in the cloud through this system, we can visualize several views of the same informative notes, something that is extremely considerable for executives, satisfying different needs, on which they want from their final presentations.
Cons: We can mention that the system can be somewhat complex and difficult for new members who use the software, initially in a short time, which requires more knowledge about the program, for a more fluid management, which the Learning these determinations can become confusing and annoying at the same time, which slows down the work, including that the interface provides very detailed information, which promotes a less understanding about the service.
"Easily configurable Financial Management System"
Overall: Useful FMS with easy access with many configurable features
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
