Oracle Cloud Financials Reviews

Oracle is an outstanding software tool that is used by myself in the financial aspect of my employment. I used three different version of Oracle Financial starting with Oracle10.7, Orcle 11i and Oracle 12. Plus the side tool like Discover Report Writing and it Logistic tools.

The selections that my management made it what they purchased from Oracle and the Support that they provided to use the tool. I saw what could be done with Oracle by other regions with in my employer. We converted from 10.7 to 11i for one of the main reason was to track and manage our capital budget which for our region was $1.1 Billion Dollars. But after the conversion we had to start all over and start from the ground. Not Oracle fault but the consultants and management fault. We even manage that budget approval process in Excel.

Still the best of the best hands down. I have been using oracle products for 18 years. In the middle of these 18 years, I have used Sage, Quickbooks and I can say Oracle is still the very best hands down. The integration is Superb. Its ability to integrate with other smaller systems is brilliant and the reports availability is wonderful. It is easy to learn and easy to navigate. Oracle cloud is my favourite for sure.

Maybe the price. I wish we could deploy more of the modules but the price is a deterrent for sure.

It is easy to access via the web due to the cloud based. Not having to purchase server infrastructure is an expense savings.

Oracle Fusion is frankly not a fully developed product. As a previous user of server-based Oracle ERP, the lack of operation functionality is mind-boggling. It is awkward to use. Many times you have to click multiple levels to find information that almost any other system provides on one screen. Every screen with a table will only return a few rows of the table and then makes you scroll down and the system fetches that data. Providing 10 columns of data 10 rows at a time is clunky, time consuming and unacceptable. If you investigate a record and return to previous screen you will have to do the fetching procedure all over. The seeded reports haven't covered even standard financial reporting, G/L research and inventory reporting. Writing your own reports is challenging due to a lack of documentation of how and where the system stores data. Ever since implementation, we have had to fight very hard for even simple fixes. We often met with some combination of "why would you need that", "the system will never do that" and "your request will have to wait in line and will be fixed if enough users are concerned" for a number of levels of Oracle sale, support and management. Ultimately our operations are somewhere between 25% and 50% slower than our previous old outdated MS Dynamics system.

Oracle Financials Clouds supports business process automation and is easily configurable to meet business workflow processes. It is also available across various devices and had good data visualization through its user interface

Can be difficult to work with in remote areas because of the inability to connect to the Oracle Cloud. The price per user is also high

Easily links up with PeopleSoft and all other Oracle products that are already working great in our company. Does everything a large business needs it to do with managing all aspects of finances such as payroll, expenditures, etc. Runs nicely on Windows and iOS operating systems.

Cost. It's expensive compared to some other comparable products, and maybe not worth that for smaller businesses. Large businesses can justify the expense, though.

I like the reporting our team has been able to build. If I am doing in depth digging on our financials it is a pretty powerful machine.

The interface is a challenge. It feels like something developed 20 years ago. It is slow and difficult to find what you are looking for. Often large queries take down the system for the entire institution.

The product is trying to evolve, going to the cloud, and allows it to be adapted to any need of the company.

it carries a boulder consisting of the architectural complexity of the versions that have followed year after year

The modules cover all standard requirements to support the finance organization including countries localizations where necessary

The package requires specific resource for installation and configuration

To be honest, there is not much that I like about this. If you have no choice but to use it, it does have the features needed for contract management and such. However, I can think of an alternative software for every feature that oracle has that would be a better option.

It is difficult to train for, the number of clicks it takes to do a single task is horrendous, the software is glitchy and one simple error becomes something not so simple after all.

1. Since Oracle cloud is web based, the client has to bear no installation and server fees. Also, the modules are available on any web browser which gives the end user flexibility.
2. Oracle financial cloud has very robust reporting capabilities. Even compared to Oracle EBS, there are a large number of out of box reports, dashboards which can be used as-is. Also, the latest BI features make it very easy to start creating reports using just the UI.
3. The accounting generated using Oracle fusion can be leveraged to meet reporting requirements of most international firms. Oracle Fusion also offers out of box compliance to ASC606 - Reveneue standards.
4. It has integration with Oracle EBS and data can also be imported/exported in excel format.

1. Oracle Fusion cannot be customized so any data enhancement has to be done outside Oracle, i.e before interfacing the data.

Customers are able to make safe payments using a variety of options with so much ease. it offers a wide range of options including online payments, mobile payments and even make cash payments directly to your company using Sage 50. Customers can also access their invoices online without having to move to the company.

Integration with other software is a big problem.

I like the interface, in that it is very modern, with colorful tiles for the different modules on the homepage.

The aspect I least like would be the reporting. I find myself having to run several reports and integrate the data to get the information I need, whereas I should be able to find it all in a single report. This can be very time consuming and tedious.

fast and easy
Smooth operation interface

It needs a strong internet speed
It takes time to load

System of record; maintains and help manage financial records; It maintains records and the workflow is some what intuitive; everyone at the company knows about the system, despite its user unfriendeliness.

Two many click through; too many level of windows.options; I wished it is easier to gather the data once they are included in the system; too many versions (web and client versions); doesn't work well with other web applications

In my position, I mainly use this product to apply customer payments. With that in mind, it is easy to use and is set up well. The features are self explanatory. Customer support is about average at best.

Since my job is mainly posting customer payments and adjusting invoices it would nice to be able to adjust invoices through the Manage Credit Memo Applications feature. This would save extra steps in having to go another route in order to adjust the invoices.

Very universal software. Most companies are using it or plan to switch.

System seems to slow down and crash as updates and more business data is added.

This product seems to be quote user friendly and I haven't have any issues navigating

The only thing that is bothersome is that it tends to time out frequently causing me to continuous have to re-log in.

Its flexibility to customize as per business needs.
Standard out of the box covers a lot of business processes
SLA and EB Tax are the highlight modules.

High Maintenance and license cost
frequent version upgrades
Unlimited customizations which sometimes can be a pain

Oracle Financials Cloud can be fast. My institution needed something more efficient and we DID achieve that with OFC.

It is very, very glitchy. Financial submissions that meet all of the criteria and have the appropriate macros integrated will still get rejected by the system. It is not very user-friendly and even the reporting feature glitches out frequently.

The most important thing like about this software is the user interface and ease of using it. It is flexible to customize to business standards. Other thing I like about it, it is cloud based.

It is little expensive to maintain. It looks little confusioning for the new users.