Top 6 Features of Oracle Cloud Financials

1. Top 6 Features of Oracle Cloud Financials Since 2012, when Oracle Cloud ERP first hit the shelves, it has been over ten years. As one of the first cloud service alternatives for the financial sector, it has amassed a diverse clientele over the years, ranging from small and medium-sized businesses to significant organisations like Thomson Reuters and Bank of America. There are nine modules within Cloud ERP that businesses can invest in, each of which offers various services to various business units throughout an organization. Today, we'll talk about Oracle Fusion Financials Online Training, a popular module that streamlines financial operations for businesses all over the world and modernises accounting. Organizations can manage revenue, process invoices simply, close the books more quickly, and enhance cash flow all from a single application thanks to cloud financials. Yet how? Let's examine the top six Oracle Cloud Financials features that offer the most business advantages. 1.Closing Manager The majority of financial professionals prioritise shortening the monthly close cycle, and Oracle Cloud Financials may facilitate this. The whole close process across the entire organisation is visually represented by Close Manager. It uses real-time monitoring to spot changes in account balances and automatically recognises subledgers that are not closed. The account monitor also compares the current data to a baseline to find any potential irregularities so you can intervene and handle them. 2. Processing of Touchless Supplier Invoices Processing invoices is made easier by cloud financials. Intelligence Document Recognition (IDR), which uses touchless invoice processing, completes and verifies your invoices using the most recent recognition technology. You also get real-time alerts for any problems or exceptions that might occur during the procedure. You save time and effort by not having to go through each invoice individually thanks to a thorough presentation of all transactions and one-click approvals or releases. 3. Customer Self-Service Billing Customer expectations these days include a simple, efficient invoicing and payment process. Customers may manage their accounts, check bills, and get in touch with customer service using Cloud Financials' self-service solution from the convenience of their preferred digital device.

2. From an organisational perspective, you may highlight significant transactions right in your workspace and look up customer credit profiles and reviews using the credit management portal. 4. Successful Collections Furthering customer analysis and billing, Financials Cloud training in hyderabad enables you to rank your clients according to their financial viability. Your letters and phone calls to collections agencies can then be automated. You can delegate both manual and automatic tasks to implement your collecting strategy. The collections manager dashboard lets you access all of your collection data in one location, allowing you to access your most important KPIs and 5. Cost-Matching This may appear to be a little feature, yet it has a powerful impact. With expenditure matching, expenses from credit card transactions are prepopulated in your application, making it simple to match them with the related receipts later. Additionally, you can use an iPhone, an Android device, or the digital assistant to voice- or text-enter receipts. 6. Quick Reporting Good financial management is characterised by excellent reporting. Without reliable reports, you run the danger of giving your executives information that doesn't accurately reflect the difficulties and successes your business is facing. Pre-aggregated financial data is provided in reports by Cloud Financials, which may be viewed from a dashboard that is easily customisable and tailored. You can review the balances of general ledger accounts. General ledger account balances can be examined across a variety of parameters using a variety of chart styles and interactive tools. Of course, you can access your reporting from a mobile device today, as is customary. Final Reflections Oracle Cloud Financials, a well-liked component of the Oracle Cloud ERP software portfolio, has a lot to offer businesses of all kinds. This cloud-based software can provide corporate benefits that are worth the effort, from quicker invoice processing to automated expense matching to thorough interactive dashboards. Reading about the benefits of Oracle Cloud ERP systems is one thing; experiencing them firsthand is quite another. By requesting our seasoned ERP team to set up features and modules of the program they didn't know how to apply, one Datavail client who invested in Oracle Cloud Financials was able to speed up financial processes, automate data capture, and boost the security

3. of their financial data. This condition is frequent and affects businesses. Because of this frequent occurrence, businesses are forced to endure laborious processes that may be readily improved from within their own applications.