Who Uses This Software?

Any company looking for a complete financial management software

Average Ratings

36 reviews
  • Overall 4 / 5
  • Ease of Use 4 / 5
  • Customer Service 4 / 5
  • Features 4 / 5
  • Value for Money 4 / 5

Product Details

  • Starting Price US$600.00/month
  • Pricing Details Contact Oracle for pricing details.
  • Free Version No
  • Free Trial No
  • Deployment Cloud, SaaS, Web
    Installed - Windows
  • Training Webinars
    Documentation
  • Support Business Hours
    Online

Vendor Details

  • Oracle
  • http://www.oracle.com
  • Founded 1977

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 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 Most Helpful Reviews

Cloud based Financial ERP Solution

Reviewed on 28/05/2019
Amy A.
Consultant
Information Technology & Services, 10,001+ Employees
Used the Software for: 2+ years
Reviewer Source 
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend:
Not Likely Extremely Likely

Pros: 1. Since Oracle cloud is web based, the client has to bear no installation and server fees. Also, the modules are available on any web browser which gives the end user flexibility.
2. Oracle financial cloud has very robust reporting capabilities. Even compared to Oracle EBS, there are a large number of out of box reports, dashboards which can be used as-is. Also, the latest BI features make it very easy to start creating reports using just the UI.
3. The accounting generated using Oracle fusion can be leveraged to meet reporting requirements of most international firms. Oracle Fusion also offers out of box compliance to ASC606 - Reveneue standards.
4. It has integration with Oracle EBS and data can also be imported/exported in excel format.

Cons: 1. Oracle Fusion cannot be customized so any data enhancement has to be done outside Oracle, i.e before interfacing the data.

Oracle Use

Reviewed on 24/01/2019
Jeffrey a C.
President and CEO
Accounting, 10,001+ Employees
Used the Software for: 2+ years
Reviewer Source 
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend:
Not Likely Extremely Likely

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.

Oracle Financials

Reviewed on 28/08/2019
Verified Reviewer
Business Analyst / Tester
Government Administration, 10,001+ Employees
Used the Software for: 2+ years
Reviewer Source 
4/5
Overall
4 / 5
Ease of Use
5 / 5
Features & Functionality
3 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend:
Not Likely Extremely Likely

Comments: Oracle is used for General Ledger, Accounts Payable, Accounts Receivable and Purchasing. Other modules have been created by developers within our organization for other products. All the modules are integrated so everything flows together. Processes are there for month end and year end

Pros: Flexibility and easy to customize
One of the top ERP systems so many people are familiar with using
Not hard to learn
My Oracle Support is good for searching on similar issues

Cons: Support isn't always the best. Sometimes you need to talk with someone rather than just opening an SR
Not always intuitive when working through screens
The modules had been created by people in the industry when this first came out, but now enhancements/changes are made by IT people and some of the setups do not make sense

Software Engineee

Reviewed on 08/10/2016
Piyush J.
Software Engineer
Computer Software, 1,001-5,000 Employees
Used the Software for: 2+ years
Reviewer Source 
5/5
Overall
4 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
Value for Money
Likelihood to Recommend:
Not Likely Extremely Likely

Comments: 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.

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

The Best value for money ERP

Reviewed on 30/09/2016
Shiva K.
Business Analyst
Government Administration, 1,001-5,000 Employees
Used the Software for: 2+ years
Reviewer Source 
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
4 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend:
Not Likely Extremely Likely

Comments: 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.

Pros: Streamlines the processes

Cons: Customer service can be improved.

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