Finance: Everything you need to know about Oracle ERP Cloud

The challenges facing a finance department are many: it must optimize costs, encourage innovation and be a driving force for change. At the same time, many recurring tasks have to be completed under tight deadlines and high demands. As a CFO, you need to rely on the right tools. Oracle ERP Cloud is an innovative and powerful finance ERP solution that helps you streamline all business processes. Its cloud-based operation is just one of its many advantages. Discover how to use a wide range of intuitive features to increase productivity and streamline your financial communication, day after day.

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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 the cloud for maximum agility and flexibility, Oracle’s ERP Finance solution provides reliable, consistent, and compliant accounting data.

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 the editions.
Reporting: Intelligent cross-referencing of data and the definition of performance indicators enable the generation of highly readable 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, the most complex account consolidation processes can be performed in real time.
Allocations: on-demand updated dashboards allow to monitor the asset allocation and to make the necessary adjustments to increase the company’s portfolio.

Expense management

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

Invoice management: the editing, organization and follow-up of invoices can be done from 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.) are accessible with a single click.
Dematerialization: it is no longer necessary to archive documents which are stored securely in the cloud.
Payment: With the monitoring of the status of payments, it becomes very simple to schedule reminders or to check cash flows.
Expensereports: Entering expenses on mobile devices (compatible with Android and iOS) during travel avoids time-consuming operations and oversights.
Reporting: generated on demand or periodically, reports improve the analysis of expenses over a given period.

Fixed assets management

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

Payment management

Banking framework: the recording of methodological principles and standards facilitates the preparation of compliant financial statements.
Settlement campaign: setting preferences and tracking deadlines allow for harmonized settlements.
Bank Statements: Automated reconciliations between company account balances and bank statements reduce the risk of errors.

Customer management

Invoicing: from the edition of compliant invoices to the traceability of 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 case of cash loss.
Reporting: Key indicators provide a complete view 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.

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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.