Here are top 10 reasons business users & accountants would love Fusion financials, presented in a quick on-the-go readable format for quick review & later in the series we will take deeper dive in these & related topics.

Oracle Fusion Financials offers an integrated financial management suite that is really designed to automate, streamline, and control an organization’s financial management processes end-to-end. It includes a broad suite of applications that are completely integrated. It has your traditional GL, Payables, Receivables, Assets, Expenses, Collections and Cash Management as well as the common module architecture from EBS that includes the centralized Subledger Accounting, centralized customer and supplier data (TCA :Trading Community Architecture), Tax, Payments, and Intercompany.

(1)  Embedded intelligence within the context of business transactions to offer “actionable insight” for users. Embedded intelligence is displayed in the same window where users enter transactions so they do not have to drill down or invoke a separate popup.  The Projected Balances pane on the right provides that information as the journal is entered prior to posting.

(2)  Financial report designing made easy using Financial Reporting Center ; Produce snapshot reports with static data, or define live reports. Change users point of view or report parameters, end-users can instantly refresh results on-the-fly. Again, this is all live data that works off of pre-aggregated multi-dimensional balances,export results to MS Office, such as Word and PPT, and dynamically refresh results within those office products.

(3)  Board Quality Financial Statements that You can export results to MS Office, such as Word and PPT, and dynamically refresh results within those office products. So if you’re giving a PPT presentation to your Board of Directors, you can instantly update your financial results within PPT. You can export results to Excel for further analysis and perform multi-dimensional analysis and drill down to live transactions.

(4)  Enhanced Reporting & Analytics ad hoc ledger queries within a web environment which supports multi-dimensional analysis, pivoting, and drill down. All queries are lightning fast because it works off the same analytic cube that stores pre-aggregated  balances at every level.

•    They can easily expand and collapse sections.

•    They can change query criteria to instantly refresh results.

•    They can drag and drop page level dimensions to slice and dice data.

(5)  Information Driven Dashboards Contextual users operations & are controlled by roles assigned to users

Use account monitor to : Proactive monitoring of your critical balances,User-configurable rules and thresholds,Be alerted to account balances that exceed thresholds,Year over Year or actual vs budget comparison,Embedded intelligence built-in to assess the change (favorable vs unfavorable),Drill to view break down of balances for each child value that rolls up to the parent value.

Users can also perform ad hoc balance queries using Account Inspector. They can perform multi-dimensional analysis, slicing and dicing of information, and pivoting– all within a web page. This works off the same analytic cube with pre-aggregated  balances at every level so all queries are lightning fast.

(6)  Enhanced User Experience : Information at your fingertips & in context of the work performed at that moment

(7)  Spreadsheet Integration to reduce Errors & Manual work : Extensive spreadsheet integration across Financials, allowing Finance users to work in a familiar environment that is highly efficient. Spreadsheets are seamlessly integrated with the applications for high volume data entry and one-click uploads

(8)  Defining & maintaining your Business process made easy using Enterprise Structure implemented using the chart of accounts and organizations. Although many alternative hierarchies can be implemented and used for reporting, you are likely to have one primary structure that organizes your business into divisions, business units, and departments aligned by your strategic objectives.

Hyperion Data Relationship Manager Integration with Fusion GL  : Oracle Hyperion Data Relationship Management functions as a hub where reporting structures are maintained, analyzed, and validated before moving throughout the enterprise. Use Oracle Hyperion Data Relationship Management to manage charts of accounts segment values and hierarchies for independent value sets in Oracle General Ledger. Users create new segment values, edit their properties, and maintain hierarchies using the Data Relationship Management web client. This information can be synchronized to general ledger instances using a concurrent request program in Oracle General Ledger.

(9)  Job roles & Duties to control who can access which part of your Business Process & what actions they can perform

(10) Easy to Own & Implement  No more keeping track of your setup using million spreasheets.

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