Introduction:
In this article, we are going to know the Oracle Fusion Applications journey. After PeopleSoft’s acquisition and its sister firm JD Edwards in 2004, Oracle announced a new product called “Fusion.” Fusion will take the great and best aspects of the JD Edwards, PeopleSoft, and Oracle Applications, and merge them into a fresh product suite, said Oracle. Also, Oracle has been working for many years in building the Oracle Fusion apps released in 2010. Given below are the few sequences of events happened:
Growth of Oracle Fusion Application:
In 2005
- Knowing the features and finalizing the base software.
- Platforms are well set for development.
In 2006
- Start on the functional designs and along with some development.
- Get trained on the new Tech-stack.
In 2001/08
- Development.
In 2009
- Testing rounds.
In 2010
- Oracle Fusion Application Released.
We are hearing the terms like “Fusion Development Tools,” “Fusion Middleware,” and “Fusion Technology” in recent years, whereas the Oracle Fusion Application does not belong to them.
Rather Fusion Application is a Business application; the Oracle Fusion Application is not any of the present applications (PSFT, EBS, JBE, Siebel). Oracle Fusion application referred to the present applications (Siebel, EBS, JDE, PSFT) and assimilated best of breed features from the JD Edwards, EBS, Siebel, PeopleSoft. The Oracle Fusion Application first version includes the below modules:
- HCM
- SCM
- Project Portfolio Management
- GRC
- Financials
- CRM
- Procurement
- Enterprise Performance Management
Oracle Fusion Financials are integrated with the components of Oracle Hyperion, which are:
- Oracle Essbase.
- Oracle Hyperion reporting tools.
- Oracle Hyperion Financial Management System.
The tools of Oracle Hyperion deliver a platform of unique reporting. This reporting platform is embedded with various dimensional data models, allowing the customers to analyze the data quickly from several perspectives from the same system that can be used to generate management reports and enter transactions. It also offers business users a greatly interactive user experience while analyzing and manipulating data.
Oracle Essbase offers great query performance, and it can also allow large quantities of information/data and is organized in an efficient way that could be analyzed and accessed quickly for immediate decision support.
User Interface Changes:
- The features of Web 2.0 integrated within the applications (Presence Detection, RSS Feeds, Social Networking, On-Line Collaboration, Tags).
- Embedded Analytics (BI), in the task screens at a point at which the data is required to make decisions or perform tasks. (Transactional-based BI based on the application’s summary tables).
- In order to support the transactions, the contextual information can be displayed within the transaction easily.
- Embedded Learning (Tutorials/Help/Video).
- ‘Grid’ presentation of the data allows far more flexibility of manipulation. Ex: Excel-like capability to filter / sort / search / hide columns / display / freeze panes etc.
- No longer called ‘Forums,’ which are now called ‘Pages.’
- User / customer driven by Watchlists / Worklists.
- The UIs are also known as the Pages that have a consistent layout throughout the Oracle Fusion Application and are based on the common framework known as Application Development Framework (ADF).
Oracle Fusion Application Features:
- Fusion Financials had introduced many configurable dashboards. These configurable dashboards can consolidate the data from many varieties of sources.
- It literally means all of this information is displayed on a single page; the customers/users are no longer required to access multiple transaction pages, perform time-wasted searches, or run various reports to know their priorities.
- Here is an example for you: Payable Manager Dashboard. Typically, a payable manager has to run several reports on access multiple screens in order to resolve any problems.
- At present, the Payable Manager can take the Dashboards’ action to resolve the issues.
- The interactive dashboard ensures the management of business execution across roles, processes, and organizations against the corporate strategy and objectives. The customers/users must be able to drill down into the underlying detail transactions in order to investigate the problem areas.
- Embedded analytics offers the essential pieces of data that every role requires to directly manage a business process and deliver the data to transactional applications.
Why does Oracle Fusion Cloud matter?
Over the past many years, there has been a lot of talk regarding the Oracle Fusion, and most people struggle to know what exactly Oracle Fusion cloud means. Fusion refers to Oracle’s cloud infrastructure and the development of the latest applications specially created for the cloud and its subscription services. Oracle has also focused communications on the business process recently of the latest applications and now refer to these apps and underlying the technology as “Cloud.”
Oracle has invested in Fusion applications and middleware heavily, and it is considered to be one of the largest areas of the company’s growth. On a recent conference call with Oracle CTO Larry Ellison and Wall Street analysts reporting seeing an excellent growth for cloud-based software. On the call, Ellison was considered the quick to point out the very hard Oracle developers that have established its Oracle Fusion apps from the ground up.
How Fusion became what it is today.
In 2013, the Oracle Fusion was divided into four categories: human capital management, customer relationship management, supply chain management, and enterprise resource planning. All these applications were being delivered via the Oracle Cloud in addition to the setups of on-premises. Also, the cloud application suite had rapidly acquired momentum, and there was new functionality that has been added regularly – up to three times per year with major releases.
Oracle is going “all in,” and it is accelerating the Oracle Cloud offerings. The present Oracle Cloud applications suite consists of Financials, CRM, Risk, Governance, and Compliance, Procurement, SCM, HCM, and Project Portfolio Management, and within each of the groups, also some sub-categories offer companies various layers of modules and services. Oracle had scratched the Cloud SCM applications surface in our supply chain space up to nine with the below releases:
- Fusion Product Information Management
- Fusion Procurement
- Fusion Distributed Order Orchestration
- Fusion Inventory and Cost Management
- Oracle Innovation Management
This is frequently changing with the major functionality scheduled for the Cloud SCM release 10 in the near term, and release 11 is behind it. The applications of Oracle Cloud SCM differ from the earlier Oracle applications software like E-Business Suite, in which where the Oracle Fusion was developed within a framework of modular that can enable several capabilities to be implemented as the standalone solutions in an Oracle Cloud applications hybrid with a comprehensive fully integrated cloud site or Oracle cloud applications with the legacy systems.
Conclusion:
The above article helps you to know how the Oracle Fusion Application has started and its detailed insights. If you are willing to opt for the Oracle Fusion course, Gologica is the best option. Just call 82969 60414.
