Oracle Financials products provide organizations with solutions to a wide range of long- and short-term accounting system issues. Regardless of the size of the business, Oracle Financials can meet accounting management demands with the following Features: 

Oracle General Ledger

 Offers a complete solution to journal entry, budgeting, allocations, consolidation, and financial reporting needs .Oracle General Ledger provides highly automated financial processing. It can import and post 42 million journal lines per hour, making it the fastest and most scalable general ledger on the market. It also provides tools for effective management control and real-time visibility to financial results — everything you need to meet financial compliance and improve your bottom line.

  • Gain Efficiencies with Highly Automated Financial Processing -Automate journal processing for recurring and allocation journals. Convert and load raw data from external systems or upload mass journal entries via spreadsheets. Run posting, reporting, translation, and consolidation processes in parallel to accelerate reporting time.
  • Establish and Maintain Superior Internal Controls - Guarantee data integrity with a single ledger to manage all financial information. Actual, budget, summary, foreign currency, statistical and average balances are automatically synchronized, rendering reports immediately available and always accurate. Mandatory checks and balances prevent the occurrence of out-of-balance situations. The chart of accounts can be customized to best fit your company's needs, and is used to control information access.
  • Increase Enterprise Visibility - Increase visibility into performance by investigating and reconciling balances online. Drill down to any level of detail including detail balances, journals, and the underlying sub ledger transactions - all from a single drill path. Oracle Applications Desktop Integrator provides a desktop-based extension of Oracle General Ledger to analyze financial statements, create budgets, upload conversion rates, create reports, and more.
  • Capitalize on Global Opportunities - Capture and report on any number of currencies from the balance level to the sub ledger transaction level. Currency conversion, revaluation, re-measurement, and translation are all performed in accordance with local and international accounting standards.
  • Improve Financial Services Profitability - Robust average balance functionality comes standard in Oracle General Ledger to allow companies in the financial services industry to perform sophisticated transfer pricing and profitability analysis calculations to comply with regulatory reporting requirements. Oracle General Ledger is also integrated with the Oracle Financial Services Applications.

Oracle Payables

 Lets an organization process more invoices with fewer staff members and tighter controls. Helps save money through maximum discounts, bank float, and prevention of duplicate payments.

Enhance Value by combining with the Entire Oracle E-Business Suite
Oracle Payables works seamlessly with other Oracle E-Business Suite products to drive better decision-making, sustainable financial discipline, regulatory compliance, and optimized business processes at the lowest cost.

  • Lower Costs -Automate invoice processing using a variety of tools including Electronic Data Interchange (EDI), XML messages, Evaluated Receipt Settlement (ERS) and business-to-business e-commerce. Control cash flow, minimize errors, and eliminate inefficiencies by using specialized payment tools.
  • Instill Corporate and Fiscal Discipline - Enforce business rules to lower exposure to fraud, error, and unauthorized payments. Automate the routing and approval of invoices according to the unique requirements of your business. Leverage joint controls with other E-Business products such as Oracle Purchasing and Oracle General Ledger.
  • Improve Business Relationships -Oracle Payables works with iSupplier Portal to help suppliers enter and check the status of their own invoices. Employees also benefit from Oracle Payables when it is used with Oracle Internet Expenses to provide employees with multiple ways to submit expense reports.
  • Grow Globally -International business requirements including foreign-currency transactions, global tax regimes, and future dated payments can be easily managed. To meet country-specific statutory requirements, Oracle Payables supports automated calculation and accounting of partially recoverable and non-recoverable value-added tax, sales and use tax, withholding tax, and regional and local taxes.

Oracle Receivables

Improves cash flow by letting an organization process more payments faster, without off-line research. Helps correctly account for cash, reduce outstanding receivables, and improve collection effectiveness.

Oracle Receivables allows you to streamline invoicing, receipt, and customer deduction processing while improving cash flow, optimizing customer relationships, and providing strategic information. As a sub ledger, Oracle Receivables provides the flexibility to meet the demands of a global market with strong financial controls to assist in instilling corporate and fiscal discipline.

Enhance Value by combining with the Entire Oracle E-Business Suite
Oracle Receivables works seamlessly with other Oracle E-Business Suite products to drive better decision-making, sustainable financial discipline, regulatory compliance, and optimized business processes at the lowest cost.

  • Streamline Your Operations and Increase Your Cash Flow - Oracle Receivables seamlessly manages your invoicing needs and offers importing capabilities to extend this service to non-Oracle ordering systems. Facilitate account collection with correspondence tracking, instant access to current customer account information, and collector task scheduling.
  • Instill Corporate and Fiscal Discipline - Ensure compliance with accounting standards and company policies by mapping your business model to the appropriate revenue schedules. Promote strong internal controls through function security, approval processes, and appropriate dissemination of information.
  • Expand to Global Markets -With Oracle Receivables, your enterprise has the flexibility to respond to global needs, support diverse regulatory requirements, and optimize customer relationships in the global economy 

Oracle Cash Management

 Lets you perform bank reconciliation and cash forecasting.

Oracle Cash Management is an enterprise wide solution for managing liquidity and controlling cash. Cash Management gives you direct access to expected cash flows from your operational systems. You can quickly analyze enterprise wide cash management cash requirements and currency exposures, ensuring liquidity and optimal use of cash resources.

Oracle Cash Management is part of the Oracle Financials family of applications

  • Forecast cash flows in any currency and in multiple time periods
  • Streamline the reconciliation process
  • Monitor for exceptions and fraud
  • Forecast based on historical or future transactions
  • Manage the cash cycle efficiently and with control

Oracle Assets

Ensures that an organization's property and equipment investment is accurate and that the correct asset tax accounting strategies are chosen. Oracle Assets automates asset management and simplifies accounting tasks. Using a unified source of asset data (with data from your Oracle applications as well as external feeder systems), Oracle Assets gives you visibility into your assets worldwide. Standard management tasks-such as asset transfers, disposals, re-classifications, financial adjustments, and tax legacy data conversion-can be streamlined with automated business flows. Standard accounting, operational, and registry reports are available to ease reconciliation and analysis.

Enhance Value by combining with the Entire Oracle E-Business Suite
Oracle Assets works seamlessly with other Oracle E-Business products to drive better decision-making, sustainable financial discipline, regulatory compliance, and optimized business processes at the lowest cost.

  • Lower the Cost of Asset Ownership - The traditional way of managing assets-manual processing and disjointed systems—is slow, expensive, and error prone. With Oracle Assets, you can manage your assets in a single system that automates many standard transactions to reduce these costs and improve the accuracy of fixed-asset transactions.
  • Securely Manage Assets - Use reliable and timely information to properly manage your enterprise's fixed assets. Create standardized reports or perform ad-hoc inquiries for quick and easy access to asset details.
  • Increase Efficiency with Self-Service 
    Oracle iAssets provides real-time self-service asset transfer functionality to simplify and streamline the complex task of tracking inventory ownership and location. Armed with asset information, you can make better decisions about managing your current assets as well as planning for the future.
  • Comply with Local and International Regulations - Oracle Assets supports complex and diverse reporting requirements including multiple currency and worldwide financial and tax standards. Tailor your depreciation calculation or choose from a pre-defined method to meet regulatory requirements in any industry or location.