Oracle Fusion Financials is a module of the Oracle Fusion Applications suite which revolutionizes the productivity and information access with native and real-time intelligence. It is a complete application suite to help you to run your absolute business. Under the subset of oracle fusion applications, the oracle fusion financials applications are the major part, which is a modular set and designed to work as an entire financial solution or as extensions to existing financial systems. Financial Applications are a unit of products build to store and analyze the financial information on a worldwide basis.
Using the Fusion Financials applications, your firm can estimate how to manage the financial flow. It is a complete financial management system which includes a broad suite of
It also includes tax, expenses, and collection management that all sit on top of a 100 percent open, standards-based platform to help consumers to enhance business agility and standardize business processes. It helps in present fast-growing and dynamic organizations make good decisions, increase financial business intelligence, decrease IT costs, and continuously growth in efficiency. The fusion financial applications and database storage are deployed in the cloud that can be easily moved to or from a private cloud or on the environment.
Apart from the fusion financial applications, it considers the reporting, decision-making, and intelligence as an addition, it also delivers unique business insight to all users. Its goal is to provide a management solution in entire accounting cycle which consists of effective and integrated capabilities and features.
The following are 10 reasons why oracle consultants show interest towards fusion financials:-
Financial Report Designing
Board Quality Financial Statements
Enhanced Reporting and Analytics
Information Driven Dashboards
Defining and Maintaining Business Process
Easy to own and Implement
The oracle fusion financials service is implemented with oracle application development framework and also provides few methods of applications integration like ADF desktop integration, ADF services, File-based data import, and Reporting tools.
Usage of Oracle Fusion Financials:
It is used to lower time wasted on ineffective searches done by users with the particular information they need at right time. With fusion financials, the system does more of the thinking for you by providing real-time business within the context of a business transaction to guide your decisions.
It also offers widespread support for global companies in a wide variety of industries.
Additional Business Value for Your Existing Applications:
Oracle Fusion Financials is built to work side by side with other Oracle Fusion Applications. Oracle Fusion Accounting Hub provides an opportunity to leverage the data access capabilities of Fusion Financials while keeping your existing folder in place. Oracle Fusion Accounting Hub allows you to aggregate data from any multiple general ledger environments—whether Oracle or non-Oracle. It also provides the reporting and integration platform to effectively drive a coexistence way with your present financial methods. It is designed to distribute in coexistence with E-Business Suite, PeopleSoft, JD Edwards, and other enterprise resource planning systems. The intent of financial applications is to provide a comprehensive financial management solution from beginning to end across the accounting process. It consists of streamlined and provides unified best in class capabilities and features
In this present fast growing technology, oracle fusion financial applications have great demand in financial business organizations in which they can improve their business strategy and can decrease their infrastructure costs.