ORACLE FUSION FINANCIALS
Oracle Fusion Financials is a comprehensive suite of financial management applications offered by Oracle Corporation. It is part of the Oracle Fusion Applications suite, which includes various modules for enterprise resource planning (ERP) and business processes.
Oracle Fusion Financials aims to provide organizations with a unified and integrated platform for managing financial operations, streamlining processes, and improving decision-making. The suite includes various modules that cover different financial functions, such as:
- General Ledger: Manages financial data and provides a centralized repository for financial information.
- Accounts Payable: Handles vendor invoices, payments, and expenses.
- Accounts Receivable: Manages customer invoices, receipts, and revenue recognition.
- Cash Management: Handles cash forecasting, bank reconciliation, and liquidity management.
- Expense Management: Helps manage employee expenses, travel, and reimbursement processes.
- Financial Reporting and Analytics: Provides tools for generating financial reports, dashboards, and analytics to aid decision-making.
- Tax Management: Handles tax calculation, reporting, and compliance.
- Fixed Assets: Manages an organization’s fixed assets, depreciation, and asset tracking.
- Financial Control and Compliance: Ensures compliance with financial regulations and internal controls.
- Intercompany Transactions: Manages transactions between different legal entities within an organization.
- Treasury Management: Handles treasury operations, including cash positioning, risk management, and investments.
Oracle Fusion Financials is designed to be user-friendly, adaptable, and capable of supporting global and complex financial operations. It aims to improve efficiency, reduce manual work, enhance visibility into financial data, and enable better financial planning and analysis.
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