Oracle Financials Cloud
Who Uses This Software?
Any company looking for a complete financial management software
Average Ratings41 reviews
- Overall 4 / 5
- Ease of Use 4 / 5
- Customer Service 4 / 5
- Features 4 / 5
- Value for Money 4 / 5
- Starting Price US$600.00/month
- Pricing Details Contact Oracle for pricing details.
- Free Version No
- Free Trial No
Cloud, SaaS, Web
Installed - Windows
- Founded 1977
Oracle Financials Cloud Features
- Accounts Receivable
- Bank Reconciliation
- Billing & Invoicing
- CPA Firms
- Expense Tracking
- Fixed Asset Management
- Fund Accounting
- 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
Reviewed on 28/05/2019
Cloud based Financial ERP Solution
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.
Reviewed on 24/01/2019
Jeffrey a C.
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.
Reviewed on 13/09/2018
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.
Reviewed on 08/10/2016
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
Reviewed on 30/09/2016
The Best value for money ERP
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.