Finance: Everything you need to know about Oracle ERP Cloud

The challenges facing a finance department are multi-faceted: the aim is to optimize costs, encourage innovation and drive change. At the same time, many recurring tasks have to be completed under tight deadlines and high demands. As an administrative and financial director, you need to rely on the right tools. Oracle ERP Cloud is an innovative and highly effective ERP Finance solution to help you streamline all your business processes. Its cloud-based operation is just one of its many advantages. Discover how to use a wide range of intuitive functions to boost productivity and streamline your financial communications, day after day.

CLOUD FINANCE ERP OFFER: one of the most complete and successful cloud offers on the market according to Gartner

Oracle ERP Cloud is a cloud-based business management software solution designed to address all the business issues of small and medium-sized enterprises. The suite includes advanced financial accounting modules to organize, plan, and streamline accounting processes and improve financial reporting. Oracle ERP Cloud is distinguished by its broad functional coverage, perfectly adapted to the needs of administrative and financial managers:

General accounting

Fully available in cloud mode for optimum agility and flexibility, Oracle’s ERP Finance solution delivers reliable, consistent accounting data that complies with current standards.

• Accounting entries: thanks to a powerful accounting engine, accounting entries are obtained in record time, without risk of errors. Programming allows you to plan and manage editions.
• Reporting: intelligent cross-referencing of data and definition of performance indicators generate easy-to-read analytical reports to anticipate risks.
• Closing management: closing files are supervised and automated, always in compliance with financial regulations thanks to integrated updates.
• Consolidation: from financial statements to restructuring operations, even the most complex account consolidation processes can be carried out in real time.
• Allocations: dashboards, updated on demand, enable you to monitor asset allocation and make any necessary adjustments to enhance the company’s portfolio.

Expense management

Spend management is undoubtedly one of the biggest challenges for the finance department. With Oracle ERP Cloud, you get clear indicators and automated functions to improve performance:

• Invoice management: invoices can be edited, organized and tracked from within the ERP Finance solution.
• Accounts payable: automatic processing of supplier invoices saves valuable time.
• Supplier management: all supplier data (history, company identification, purchases made, delivery times, etc.) is just a click away.
• Dematerialization: documents no longer need to be archived, but are stored securely in the cloud.
• Payment: with payment status monitoring, it’s easy to schedule reminders or check cash flows.
• Expense reports: entering expenses on mobile devices (compatible with Android and iOS) during travel avoids time-consuming operations and oversights.
• Reporting: generated on demand or periodically, these reports enhance the analysis of expenses over a given period.

Fixed assets management

• Fixed asset management and accounting: monitoring company assets helps to rationalize costs, while improving their valuation and depreciation.
• Revaluation/Disposal: asset revaluation or disposal procedures are calculated using predictive scenarios incorporating tax standards.
• Reporting: Administrative and financial managers can obtain a clear and up-to-date view of current and future assets.

Payment management

• Banking standards: recording methodological principles and standards facilitates the preparation of compliant financial statements.
• Settlement campaign: defining preferences and tracking due dates to harmonize settlements.
• Bank statements: automated reconciliations between company account balances and bank statements reduce the risk of errors.

Customer management

• Invoicing: from issuing compliant invoices to tracking archives, all invoicing data is made accessible.
• Cash receipts: cash receipts are directly integrated into the defined cash flow plan to obtain realistic forecasts and increase reactivity in the event of cash shortages.
• Reporting: key indicators provide a complete overview to improve billing management.
• Reminders: payment tracking includes automatic reminders to simplify reminders.
• Collection: automatic generation optimizes compliance with deadlines by reducing tedious procedures and preserving customer relations.

Benefits of the solution

Oracle ERP Cloud integration is easy and does not require any structural changes to the company’s information system. It offers complete management of accounting and financial tasks to rationalize and simplify the monitoring of operations, particularly in the context of management control. Its analytical component improves decision making.

Acceleration of the accounting closing with the closing monitoring

The year-end closing is particularly delicate. Closing monitoring guarantees a reduction in closing times by reducing manual operations, while improving the reliability of the financial information provided.

Complete and globalized financial solution: multi-norms, currencies, countries, languages, entities

Designed for seamless integration with global markets, Oracle ERP Cloud adapts each piece of data to local requirements and country-specific standards. It meets the highest requirements of international companies and integrates a range of collaborative tools.

Real-time transaction processing, dematerialization

Workflows are automated in real time and data is archived in the cloud with fully configurable secure and shared access.

Business-oriented reporting, powerful analysis capacity (multi-dimensional cube)

With advanced reporting capabilities built into every module, Oracle’s ERP Finance solution gives you access to all the information you need to make the right decisions at the right time.