Key features of Oracle Financials Cloud

Centralized Setup using FSM: Centralized implementation experience using FSM. Central place to enter all setups across products like Financials, SCM, PPM.

Revenue Recognition Compliance: Centralized and automated revenue management to address revenue as per ASC 606 and IFRS 15 accounting standard with ability to recognize revenue independent of billing

Multi-dimensional reporting. This is a key feature for general ledger. General ledger in the Financials Cloud integrates with Essbase, a multidimensional database that can generate financial statement reports. You can use the data from Essbase using Oracle Financial Studio reports, using Smart View, a spreadsheet tool so accountants can retrieve these reports in a very familiar environment, in Microsoft Excel.

File Based Data Import: Seeded functionality to upload high volumes of data. Data conversion can be done using FBDI templates in Cloud without any technical knowledge.

Extensive spreadsheet integration. You can create quite a few transactions in different modules in an Excel spreadsheet template. So in receivables, you can create customer receipts. In AP, you can create supplier invoices from a spreadsheet template that Oracle provides. This extensive spreadsheet integration also defining setups, such as GL setups, banking setups, etc.

Embedded Oracle Transactional Business Intelligence (OTBI). Oracle delivers OTBI reports, but you can also create your own OTBI objects to answer daily business questions. This would be a reporting tool available to all of the the subledger applications, like Revenue Management and receivables, payables, cash management, etc.

Infolets and Infotiles. They help our users see what needs to be done on a day-to-day basis. These mini dashboards improve efficiency and guides the end-users through the daily processes that need their attention.

Imaging integration for Payables. You can create a supplier invoice based on an image. So that image of that invoice, a PDF document or a document ending in an extension like JPEG, JPEG can be sent to an email account that Oracle provides, and then we use technology to read the images in that document and create a supplier invoice.

Role based dashboards. These are navigational components that allow a user to do a number of functions related to their jobs in one navigational component, multiple links, multiple sections in a page, and that increases efficiencies. It reduces the number of clicks are they have to do.

Shared Services Center: Enhanced support for processing payments received from customers centrally for multiple business units operating under shared services model. Invoice of one business unit can be paid by a payment from another business unit