Oracle Financials Cloud

Oracle Financials Cloud

by Oracle

Who Uses Oracle Financials Cloud?

Any company looking for a complete financial management software

What Is Oracle Financials Cloud?

Complete financial management solution that includes general ledger, accounts payable, accounts receivable, fixed assets, and cash management.

Oracle Financials Cloud Details

Oracle

http://www.oracle.com

Founded 1977

Oracle Financials Cloud Pricing Overview

Oracle Financials Cloud does not have a free version and does not offer a free trial. Oracle Financials Cloud paid version starts at US$600.00/month.

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

Oracle Financials Cloud Features

Financial Management Software
Budgeting & Forecasting
Cash Management
Consolidation / Roll-Up
Currency Management
Financial Reporting
Investment Management
Project Management
Revenue Recognition
Risk Management
Tax Management

Oracle Financials Cloud Reviews for UK Users

Showing 5 of 43 reviews

Overall
4.1/5
Ease of Use
3.8/5
Customer Service
3.9/5
Features
4.2/5
Value for Money
3.8/5
Jeffrey a C.
President and CEO
Accounting, 10,001+ Employees
Used the Software for: 2+ years
  • Overall Rating
    5/5
  • Ease of Use
    5/5
  • Features & Functionality
    5/5
  • Customer Support
    5/5
  • Value for Money
    5/5
  • Likelihood to Recommend
    10/10
  • Reviewer Source 
  • Reviewed on 24/01/2019

"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.

  • Reviewer Source 
  • Reviewed on 24/01/2019
Amy A.
Consultant
Information Technology & Services, 10,001+ Employees
Used the Software for: 2+ years
  • Overall Rating
    4/5
  • Ease of Use
    4/5
  • Features & Functionality
    4/5
  • Customer Support
    4/5
  • Value for Money
    4/5
  • Likelihood to Recommend
    8/10
  • Reviewer Source 
  • Reviewed on 28/05/2019

"Cloud based Financial ERP Solution"

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.

  • Reviewer Source 
  • Reviewed on 28/05/2019
Verified Reviewer
Senior Financial Analyst
Airlines/Aviation, 10,001+ Employees
Used the Software for: 1+ year
  • Overall Rating
    1/5
  • Ease of Use
    1/5
  • Features & Functionality
    3/5
  • Customer Support
    1/5
  • Value for Money
    1/5
  • Likelihood to Recommend
    0/10
  • Reviewer Source 
  • Source: GetApp
  • 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.

  • Reviewer Source 
  • Source: GetApp
  • Reviewed on 13/09/2018
Verified Reviewer
Business Analyst / Tester
Government Administration, 10,001+ Employees
Used the Software for: 2+ years
  • Overall Rating
    4/5
  • Ease of Use
    4/5
  • Features & Functionality
    5/5
  • Customer Support
    3/5
  • Value for Money
    4/5
  • Likelihood to Recommend
    8/10
  • Reviewer Source 
  • Reviewed on 28/08/2019

"Oracle Financials"

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

  • Reviewer Source 
  • Reviewed on 28/08/2019
Piyush J.
Software Engineer
Computer Software, 1,001-5,000 Employees
Used the Software for: 2+ years
  • Overall Rating
    5/5
  • Ease of Use
    4/5
  • Features & Functionality
    5/5
  • Customer Support
    5/5
  • Value for Money
    Unrated
  • Likelihood to Recommend
    9/10
  • Reviewer Source 
  • Reviewed on 08/10/2016

"Software Engineee"

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

  • Reviewer Source 
  • Reviewed on 08/10/2016