Oracle Fusion Financial Applications are a subset of Oracle Fusion Applications. They are a family of products designed to capture and analyze financial data on a global basis.
There are two Oracle Fusion Financial Offerings:
1. Oracle Fusion Financials, which consist of general ledger, receivables, payables, asset tracking, expense management, and money management functionality.
2. Oracle Fusion Accounting Hub, imparting the integration and reporting platform to successfully drive the coexistence approach with your existing financial systems.
The Oracle Fusion Accounting Hub is designed to be deployed in coexistence with E-Business Suite, PeopleSoft, JD Edwards, and other organization resource planning systems. The strategic intent of Financial Applications is to provide a comprehensive integrated financial administration solution from start to end throughout the accounting cycle. This solution consists of streamlined and unified best-in-class features and capabilities.
Oracle Fusion Applications assist you to radically change your business into a next-generation organization and are based on the following elements:
- The adaptability of the native service-oriented architecture
- The productivity of the embedded intelligence
- Manageability of the implementation and deployment
- The model ability of the organization-wide business processes
Oracle Fusion Financials provide features for:
- Receivable and collection functionality within the Order Fulfillment process
- Asset accounting and reporting within the Asset Lifecycle Management process
- 1-2 Oracle Fusion Applications Financials Concepts Guide
- Cash management functionality within both the Order Fulfillment and Procurement processes
- Payable and payment functionality within the Procurement process
- Financial Control and Reporting along with taxation, sub-ledger accounting, general ledger, consolidation, and reporting functionally
- Expenses management functionality within the Compensation
- Management process
- Multi-GAAP compliance which includes approaches for simultaneous compliance with corporate and national regulators and standards.
- Currency compliance consisting of skills for accounting in denomination and accounting currencies and for translation to functional or reporting currencies as required in compliance with the relevant principles within both the International Financial Reporting Standards (IFRS) and the United States Generally Accepted Accounting Principles (GAAP).
DEVELOPMENTS ON FUSION FINANCIALS
To help organizations build resiliency and chart a course back to growth, Oracle has introduced important updates to Oracle Fusion Cloud Enterprise Resource Planning (ERP) and Oracle Fusion Cloud Enterprise Performance Management (EPM), and Oracle Fusion Cloud Supply Chain & Manufacturing (Oracle Cloud SCM).
The updates on the ERP and EPM front will assist a finance team’s leverage technology, which includes AI, digital assistants, and analytics to enhance productivity, reduce costs, and improve controls. The new AI and machine learning, analytics and security abilities of ERP consist of Predictive planning, Intelligent Code Defaulting, Intelligent Document Recognition, Digital Assistant Skills for Time Entry and Projects, and Embedded Incident Management. The developments in SCM consist of Replenishment Planning, Backlog Management, Depot Repair, Project-Driven Supply Chain, and Channel Revenue Management. These are aimed at assisting businesses to address the challenges presented through huge supply disruptions, market volatility, shifting global trade patterns, and changing customer expectations to build greater resilient supply chains.
OPPORTUNITIES INFIELD
Oracle Fusion Financials is a modular suite of financial applications designed to work as an entire financial solution or as a modular extension to your existing financial applications portfolio. There are a lot of opportunities from many reputed companies in the world. According to research, Oracle Financials has a market share of about 2.6%. It’s a revolutionary Business Intelligence platform that has set new standards for financial management and is the fine application to change your work style. Major leading financial corporations, banks, and corporations are adopting Oracle Fusion Cloud implementation for their solutions. This Oracle Fusion Financials Online Training is best for individuals who are interested in accounts and finance domains. The training is the ideal preference for the following job roles: Financial Managers, Business Experts, Finance Management Fresher’s, and Revenue Managers. Become job-ready by gaining knowledge of the advanced concepts of Oracle Fusion Financials. You will gain not only an understanding of the concepts but additionally gain industry exposure.
Gologica’s Oracle Fusion Financials Online training course covers all the concepts from fundamentals to advanced levels which include ledger, account payables & receivables, assets, identity manager, and more through real-time case studies. It offers a professional working environment for your experience. Getting expertise in Oracle Fusion Financials will furnish you with excellent career opportunities due to its recognition across organizations.
