Home/Accounting Software/Oracle EBS Financials
Updated on: December 8, 2019
What is Oracle EBS Financials ?
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Oracle EBS Financials - Accounting Software : SaaSworthy.com
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Oracle EBS Financials

Smart and secure approach of handling finance
(269 Ratings) Write Review

Oracle E-Business Suite Financials aims at increasing efficiency of your business and reducing the back-office costs. The centralized architecture for accounting, taxes, payments, and banks allows the business to increase ‘Shared Services Efficiency’. The E-Business suite also helps in saving crucial time during decision making by providing seamless integration with business intelligence and offering market-leading planning and consolidation solutions. The software also ensures to manage enterprise risk and reduce compliance costs with end-to-end processes for governance, risk, and compliance.

Oracle EBS Financials Features Show All Features

Oracle EBS Financials Technical details

Support Business Hours Online Customer Type Large Enterprises Medium Business Small Business
API NA Location / Phone Number Redwood Shores, CA / +1 (650) 506-7000
Deployment SaaS/Web/Cloud Installed - Windows Category Accounting Software

Oracle EBS Financials Pricing

Pricing ModelQuotation Based
How much does Oracle EBS Financials cost ?
Oracle EBS Financials provides a custom pricing for their software.
Oracle Financial Management
Custom

Features

  • Asset Lifecycle Management
  • Cash and Treasury Management
  • Credit-To-Cash
  • Financial Control and Reporting
  • Governance, Risk and Compliance
  • Lease and Finance Management
  • Procure-To-Pay

Contact the vendor to get the latest pricing detail.

Disclaimer: Oracle EBS Financials is available on quotation basis. Please visit the vendor website to get a customized pricing for your company.

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Oracle EBS Financials Reviews

OVERALL RATING
4
Based on 269 Rating(s)
Rating Distribution
  • 179
  • 61
  • 22
  • 6
  • 1
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Verified UserSource : trustradius.com
(Reviewed on 03 October 2019)
Oracle Financials and Supply Chain

Use Cases and Deployment Scope

We use Oracle Financials across the Verizon Media Group. It is used by finance team and across the entire organization [for] procurement/inventory management. Helps in procurement to pay process, asset management, inventory, warehouse management etc., as the primary system of records. It is the primary system for financial reporting and consolidation process.

Pros and Cons

  • Fixed Assets management
  • Warehouse Management
  • Payables Process
  • GL
Edit
  • Consolidated reporting
  • User interface

Likelihood to Recommend

Tight integration across multiple business processes from a financial perspective.
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Srinivasan KannanSource : trustradius.com
(Reviewed on 28 September 2019)
Oracle Financials Review

Use Cases and Deployment Scope

It is predominantly used for financial accounting. It is used by the entire finance department.

Pros and Cons

  • Month-end closing process.
  • Seamless integration between subledgers.
Edit
  • Good dashboard.
  • More options in reporting with details of sub-ledger in a unified format

Likelihood to Recommend

Oracle Financials is well suited an organization that wants to implement vanilla implementation where the users don't want to customize. Oracle already has prebuilt many features. It is less appropriate if the organization has a need for minimal features because the cost of the product is high for implementing with minimal features. Oracle should come up with flexible pricing within a single module based on features.
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Sunil BalusuSource : trustradius.com
(Reviewed on 20 September 2019)
Oracle Financials Review

Use Cases and Deployment Scope

We use Oracle Financials across the whole organization with a user base in the US, Canada, UK, Spain, Sweden, Australia, and APAC regions. Oracle Financials aids in the majority of our day-to-day financial activities and helps tracks our sub-ledger activities and generate reports out of our ledgers and helps consolidate data from multiple ledgers to our US ledger.

Pros and Cons

  • The area where Oracle Financials does well is capturing all sub-ledger transactional data.
  • Consolidate data from all ledgers.
  • Helps in reconciling data between sub-ledgers and GL.
Edit
  • AP invoice scanning solution.

Likelihood to Recommend

Oracle Financials is well suited for capturing transactions at the sub-ledger level and then consolidating at the ledger level.
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Saurabh ParwalSource : trustradius.com
(Reviewed on 18 September 2019)
Oracle Financials at a glance

Use Cases and Deployment Scope

We use the Oracle Financials across the entire organization spread out in 26 countries with 70+ Legal entities. It helps in standardizing our accounting policies and processes. It also helps in consolidating the financials for the company and ease-of-use at the month end and year end processing. Oracle Financials helps us with getting transactions recorded seamlessly with tight integration.

Pros and Cons

  • Seamless Integration
  • Cover End-to-End Business Process
  • Ease-of-use
Edit
  • Improve user experience by removing ugly looking java forms
  • Improve ease of period close process
  • Improve interface and integration issues

Likelihood to Recommend

Oracle Financials is suitable in cases where:
1) Integrations are not required
2) End-to-end process are carried out through Oracle Financials
3) Cases where the users work from desktop or laptop but available through iPad or other handheld devices
4) It takes a lot of time to capture the data and there's a need to depend on external data entry systems like RPA etc.
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Nilkant KamatSource : trustradius.com
(Reviewed on 18 September 2019)
Ongoing Success for the Industry

Use Cases and Deployment Scope

We are using [Oracle Financials] to be more user friendly and people friendly. As a consultant, we help other people start up with Oracle Financials. We work with all different industries, anything to do with the financial world. Recently, we've worked with clients in the Health and AI industries get started with Financials.

Pros and Cons

  • It gives me the results that I want, meeting the needs of the people I work with, finding a solution that is right for their industry.
  • It's easy to show how this works to clients, and display how the investments and returns match up.
  • I find that it meets their needs, Oracle Financials has a repeat clientele as a sign of success.
Edit
  • We always look for new avenues to improve and add new technology to enhance the operations and success.
  • There is room for improvement when it comes to the latest technology - I want Oracle to stay on top of incorporating AI.
  • I wish Oracle would work with colleges and universities to train people on this type of software.

Likelihood to Recommend

I think Oracle Financials can be used by anyone and everyone.
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Verified UserSource : trustradius.com
(Reviewed on 18 September 2019)
Oracle Financials Review

Use Cases and Deployment Scope

Oracle Financials is used by our finance team for reconciliations. My team grabs all the online transactions on the platform, and then push it to Oracle for our finance team to do the reconciliation magic! The company used different Oracle financial modules like account receivables, account payables, and general ledger to reconcile receipts with the bank transactions.

Pros and Cons

  • It's really great at doing the reconciliation job for the company.
  • Provides lockbox functionality to import the files from different vendors.
  • Seamless integration with different banks.
Edit
  • Has a hard time with huge datasets.

Likelihood to Recommend

It really helps in the reconciliation process and provides seamless integration with third parties, especially banks. The general ledger module really works well for the company, but the account recommendation module can be improved a bit. I wish we could load more data. The interfaces could be simpler.
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Verified UserSource : trustradius.com
(Reviewed on 18 September 2019)
Oracle is more superior than others over years

Use Cases and Deployment Scope

It's used for our full financial process - AR, AP, GL ,FA and Cash Management. [Oracle Financials] is very useful as it has automated all financial processes and led to manpower reduction and fast process streamlining. Due to this we are able to close the GL every month by the 6th. Previously this was not possible. Complete PROCURE to PAY Process is now automated due to this Implementation.

Pros and Cons

  • Three-way matching for Approvals of Supplier Payments
  • Auto Bank Reconciliation
  • Data Integrity and Security
  • Oracle Assets module control on Assets Retiring and Residual value
Edit
  • Oracle Property Manager
  • Oracle Cash Management
  • Issues resolution during Posting from AR or AP to GL

Likelihood to Recommend

It's less appropriate for companies which have less than 10 employees, as it's an overhead and ROI is not realized. Is it the best for medium and large corporations.
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Verified UserSource : trustradius.com
(Reviewed on 17 September 2019)
Feedback from a Finance User

Use Cases and Deployment Scope

Oracle Financials (AP,AR,GL) modules are being used by finance accounting and the fraud and forecasting team in my organization. They use it for transaction details and financial reporting purposes. Our leadership team uses it for daily status and transaction reporting.

Pros and Cons

  • Oracle Financials is a well-made application but with other new software applications on the market, it seems to be a very heavy application.
  • It needs more resources.
  • Installation and upkeep is very time-consuming.
Edit
  • Oracle needs to add more features and make the application user-friendly.
  • Old forms should go away and web-based front end should be available across the application.

Likelihood to Recommend

It is well suited for financial accounting but needs a better interface.
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Christopher CamugliaSource : trustradius.com
(Reviewed on 17 September 2019)
Longtime User

Use Cases and Deployment Scope

We use it for GL, AP, FA and all apps for financial reporting.

Pros and Cons

  • Always up and running.
  • Scalable.
  • Good basic functions.
Edit
  • Reporting.
  • On-demand support.

Likelihood to Recommend

Oracle Financials is a good product, but may not be well-suited for smaller companies as it is very expensive.
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Verified UserSource : trustradius.com
(Reviewed on 16 September 2019)
Oracle Financials is the way to go!

Use Cases and Deployment Scope

It is used for accounting applications and reporting and analytics. It helps us in addressing various business problems which are mainly catered to business needs including end-users and management. The basic data entry of the journals, approval process, allocations process, and global consolidations are some of the features that are worth mentioning in the review.

Pros and Cons

  • Capturing business data through user data entry and imports
  • Financials analysis and reporting
  • Global consolidations
Edit
  • Journals upload through legal systems
  • Improve on the consolidation process
  • Reporting in different formats

Likelihood to Recommend

Oracle Financials is well-suited for mid to large scale organizations and legal entities. It can work as a stand-alone system and also as an integrated tool with not only Oracle ERP but any other ERP systems as well.

Oracle Financials is less appropriate for instant reporting.
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