WHAT IS ORACLE FUSION CLOUD FINANCIALS 

Oracle Fusion Cloud  is a suite of cloud-based enterprise resource planning (ERP) applications developed by Oracle Corporation. It is designed to streamline and automate various organizational financial management processes. Oracle Fusion Cloud Financials offers a comprehensive set of tools and modules that cover a wide range of economic activities, including:

1. General Ledger: Tracks and manages an organization’s financial transactions, allowing for accurate and timely reporting of financial data.
2. Accounts Payable: Handles managing and paying invoices from suppliers, automating tasks such as invoice matching and approval workflows.
3. Accounts Receivable: Manages customer invoices, payments, and collections to improve cash flow and customer relationships.
4. Cash Management: Provides tools for monitoring and forecasting cash flow, optimizing liquidity, and managing bank transactions.
5. Expense Management: Helps manage employee expenses, including travel and entertainment reimbursements, by automating expense reporting and approval workflows.
6. Financial Reporting and Analytics: Offers robust reporting and analytical capabilities to generate insights from financial data, aiding decision-making and compliance.
7. Revenue Management: Facilitates the management of revenue recognition processes by accounting standards.
8. Risk Management and Compliance: Monitor and address financial risks and regulatory compliance requirements.
9. Procurement: Integrates with procurement processes to enable efficient purchasing and supplier management.
10. Project Financial Management: Supports project accounting, budgeting, and cost tracking for organizations engaged in project-based work.