Financials Leading the Way Oracle Fusion Cloud Financials
Oracle Fusion Cloud Financials
Oracle Fusion Cloud Financials empowers modern, agile finance management with
touchless operations, improved decision-making, and increased productivity.
It delivers extensive functionality and continuous innovation in key technologies
such as AI and machine learning, intelligent automation, and Financial Analytics,
deployed in the cloud to achieve more, faster, and with fewer resources.
Oracle Fusion Financials Online Training
IQ Stream Technologies, being one of the best Oracle Fusion Financials Online
training institutes in the country and being a worldwide presence, focuses on
the needs of the Oracle Fusion Financials community. Our training helps you
gear your Oracle fusion financials career by learning all Cloud financials modules
and skills for better financial management.
The online training program is designed at par with the Oracle Course, thus
helping you become an Oracle Certified Professional. On completing the training
program, professionals will be capable of standardized business processes, increasing
business agility and becoming a valuable asset to your company.
Discover the best Oracle Fusion Financials training at IQ Stream Technologies.
Increase productivity and enable timely actions
Oracle Fusion Financials Cloud goes beyond task automation to address end-to-end
process flows across finance and operations. Financial Automation and self-learning
automate transactions and continuously analyze data, reconcile abnormalities, and
surface exceptions. Tasks that were once arduous, time-intensive, and manual become
routine, often running in the background, which frees up resources for more strategic
initiatives.
Period close and financial reporting
When under pressure to close the books faster and complete the period-end financial
reporting sooner, businesses need to know where they are in the close process.
Comprehensive close management with centralized accounting, integrated sub-ledgers,
intuitive dashboards, and a collaborative close process help create the necessary
transparency. To help aid the process, the close manager automatically identifies which
sub-ledgers have not closed. Gain complete visibility and centralized control with a
visual representation of the close process across the entire organization, including a
hierarchy viewer that illustrates the dependency of the close on related subsidiaries.
Automated reconciliation accelerates the close process with account reconciliation
and transaction matching. Built-in collaboration features let users assign reconciliations
to colleagues, improving control and auditability.
Payment execution
In payables transaction processing, Intelligent Document Recognition (IDR) helps automate
invoice entry. IDR learns from human corrections and processing patterns, so over time
it can become more and more accurate in processing invoices without user intervention.
Payables work-queue management capabilities, with recommended correction actions,
significantly improve usability and flow efficiency. AI / ML-based enrichment steps provide
matching and defaulting capabilities to significantly reduce the need for manual
interventions. Simplified auto-approval rules reduce holds, eliminating effort for
payables clerks.
Receivables and collections
Eliminate manual processes by automating data entry, billing, and cash application to
streamline receivables reconciliations. Automated revenue recognition ensures precise
and timely financial statements as well as compliance with domestic and international
regulations. Increase efficiencies in daily customer activities by quickly pinpointing issues
with billing or accounts receivable, improving control by highlighting transactions that
require attention directly in the work area.
Improve cash flow by modifying collection strategies based on customer scoring to
automatically apply a series of tasks to help ensure timely collections from overdue
customers. These tasks can be customized to improve the collection experience for
both customers and collections agents, resulting in higher recovery rates of
outstanding receivables. Collections metrics such as DSO (days sales outstanding)
and broken promise count are factored into the collections process using
industry-standard formulas, allowing organizations to better understand the health
of their outstanding receivables, the efficiency of their collections organization,
and identify potential problem areas to apply more collections resources or
alter collections strategies.
Expenses
The new generation mobile experience with J.P. Morgan corporate cards delivers touchless
expense submission and faster reimbursement via an intuitive user experience. Users
receive instant alerts when charges are incurred on J.P. Morgan corporate cards and
receive guided assistance for corrections along with intelligent recommendations for
fast, easy processing.
Expense auditing is automated with machine learning that enables the system to flag
expense reports that are violating configured travel policies. Expense auditors have
visibility to each individual expense item with the specific violation displayed if a policy
has been violated.
Make effective data-driven decisions
ML-driven touchless automation is the foundation for continuous real-time data processing.
Continuous, real-time data becomes the cornerstone of financial planning and analysis.
Finance organizations no longer need to wait for month-end close to identify risks and
opportunities and take effective action, informed by AI analysis and predictions.
Predictive cash forecasting
Improve cash flow with predictive cash forecasting to quickly analyze cash positions to
forecast cash requirements and any potential shortfalls through configurable dashboards,
work areas and reports, ensuring liquidity and optimal use of cash resources. By collecting
data streams from all relevant sources, Oracle can generate a comprehensive view of an
organization’s cash position to help optimize cash flow using cash projections and scenario
planning to enable proactive problem solving or to identify opportunities.
Predictive cash forecasting
Improve cash flow with predictive cash forecasting to quickly analyze cash positions to
forecast cash requirements and any potential shortfalls through configurable dashboards,
work areas and reports, ensuring liquidity and optimal use of cash resources. By collecting
data streams from all relevant sources, Oracle can generate a comprehensive view of an
organization’s cash position to help optimize cash flow using cash projections and scenario
planning to enable proactive problem solving or to identify opportunities.
Dynamic discounting
Strengthen supplier relationships using tailored, AI-powered, dynamic discounting programs
that are unique to each individual supplier by applying intelligent payment discounts. Buyers
benefit with higher ROI, improved profitability, and strengthened supply chains via improved
supplier relationships. Sellers benefit by getting faster access to working capital, reduced
DSO, improved cash forecasting and minimized risk of delinquencies.
Simplify business flows beyond your traditional ERP system
B2C transactions have been getting faster and easier for years, but B2B transactions remain
incredibly complex and inefficient. Embedded services, enabled by Oracle’s integration with
partner organizations in your business network, can reduce friction and increase business
opportunities.
Embedded banking services
Reduce complex payment connectivity (from days to hours) by enabling payment
processes including ACH (Automated Clearing House), check runs, receipt processing,
or lockbox to run more seamlessly via embedded banking services with J.P. Morgan.
The integrated banking services provide automated end-to-end payment processing
that maximizes efficiency in funds capture, cash disbursement, and credit card processing.
In addition, real-time cash positions enable timely, predictive cash forecasting.
Customer financing
Improve working capital with embedded financing options to achieve significant reduction
in processing time with supporting collaterals transmitted from enterprise resource
planning (ERP) to your bank. Reduce DSO and collection risks with automated integration
to receiving funds, processing invoices and reconciliations.
Customers can pay suppliers quickly and securely via embedded virtual card payments, and
also activate services easily with their banks to manage cash flow, improve fraud protection,
and receive program incentives. Additionally, suppliers will benefit from faster payment,
lower collection risk and streamlined accounts receivable.
Reduce compliance risk
Establish a strong foundation with an integrated platform and unified data model that
creates a single source of truth that your finance organization can rely on.
Management and statutory reporting
Navigate reporting rules and requirements using full currency support and preconfigured
consolidation models that can handle multiple consolidation methods to meet different
reporting requirements. Bring all your financial, environmental, social, and governance
(ESG) and supporting data together to streamline external reporting processes.
Revenue management
Revenue management provides a configurable framework to automate the identification
and creation of customer contracts and performance obligations, their valuations and
resulting accounting entries, and the ability to recognize the revenue over time or at a
point in time. It also helps you automate the ASC 606 and IFRS 15 processes, increasing
productivity, and reducing the risk of error.
Joint venture management
Oracle Joint Venture Management is useful across industries like engineering, construction,
oil and gas, healthcare, utilities, real estate (and more). Get real-time insights into joint
ventures’ financial state by automating transactions & introducing role-based processes
for managing exceptions. Ensure compliance with joint operating agreements. Improve
cash flow with accurate partner invoicing and cut dispute resolution costs with a
transaction audit trail.
Asset and lease management
Automate the entire asset lifecycle from acquisition to capitalization, depreciation, to
retirement. Support multiple tax depreciation strategies to minimize your tax burden
while meeting regulatory tax requirements, including IFRS, GAAP, federal, state, AMT,
and more.
Reduce accounting complexity by meeting ASC 842 and IFRS 16 standards throughout
the lifecycles of right-of-use assets and leases, including inception, amendments, and
terminations.
Re-imagine the future of finance with innovation that matters
Oracle Fusion Cloud Financials is a complete end-to-end suite that is helping businesses
worldwide meet the evolving needs of its customers and elevate their user experience by
embedding AI directly into Oracle Financials Fusion Cloud ERP business flows such as intelligent document recognition, dynamic discounting, and predictive planning, to deliver
high-quality actionable insights in the context of the decision-making processes.
With continuous investment in innovations such as touchless processing, real-time
intelligence, predictive insights, collaboration, and AI-driven experience, Oracle Cloud
Financials readies you to embrace the future of digital transformation.
The rapid implementation setups for Financials include implementing:
- Users
- Enterprise structures
- Bank, branches, and bank accounts
- Tax
- Ledgers
- Business units
- Financial Reporting
- Payables and payments
- Assets
- Expense reporting
- Receivables and payments
Oracle Financials delivers a complete solution that includes:
- General Ledger
- Intercompany Accounting
- Payables
- Receivables
- Payments
- Cash Management
- Tax
- Expenses
- Assets
Use these applications with business intelligence, compliance reporting, and mobile
data access for:
- Financial Accounting
- Transaction processing
- Payment delivery
- Cash reconciliation
- Employee expense processing
- Asset management
To review the predefined job roles in Oracle Financials, see the Oracle Fusion Cloud-based
Financials Security Reference guides in the Oracle Help Center (http://docs.oracle.com).
To find more information on securing your applications, see the Oracle Fusion Cloud ERP
Securing ERP Software/guide in the Oracle Help Center (http://docs.oracle.com).
Advantages of Oracle Fusion Financial Courses
- Learn to modernize the accounting process
- Drive Business Growth
- Get self-serving precise reports that comply with global standards.
- Accelerate decision-making by getting deeper and more accurate insights
- Reduce any data entry errors and streamline payments by eliminating manual tasks
- Keep up with the business demands and close the books faster
Some Oracle Fusion Financials jobs
- Oracle Fusion financials Consultant
- Oracle Fusion Financial Lead
- Oracle Fusion Financial Functional Consultant
- Senior Consultant
- Senior Manager
- Oracle Financial Fusion – Techno Functional Consultant
- EBS Financials Consultant
FAQs
- Is Oracle Fusion better than SAP?
In the Enterprise Resource Planning (ERP) category, with 21,204 customer(s) SAP
S/4HANA stands at 4th place by ranking, while Oracle Fusion with 5,758 customer(s),
is at the 11th place.
- What is the scope of Oracle Fusion Financials?
The Oracle Fusion Financials helps in managing money for businesses. It delivers
extensive functionality and continuous innovation in key technologies. It helps in features
like tracking expenses, managing payroll, handling taxes, and making financial reports.
- Is Oracle Fusion in demand?
Oracle Fusion is emerging – FUSION is FUTURE. These days most of the business is done
moving from Oracle 11i to Oracle R12. And Most of the business has even started
upgrading their business from R12 to Oracle cloud. Of course, Oracle Fusion is the next
big thing and it is the demand of future.
- What are the benefits of Oracle Fusion Financials?
Oracle Fusion Cloud ERP provides the following applications for improved enterprise
management:
- Project Management.
- Risk Management and Compliance.
- ERP Analytics.
- Supply Chain and Manufacturing.
- Procurement.
- Enterprise Performance Management.
- Financial Management.
If you are looking for training,
please feel free to reach us at IQ Stream Technologies
(+91 – 9663770766 or +91 – 9740217006).
