Oracle EBS Financials enables an organization to proficiently track detailed business transaction information and turn it into decision-making data using a system designed on unified information architecture. Oracle R12 Financials application is designed to capture and analyze your financial data on a global basis. Use Financials applications to manage the better business to the targets that are announced to investors. Management can better report to investors and colleagues. Oracle Financials R12 applications also help you to meet your obligations in main areas surrounding the numbers as Compliance, Regulatory Reporting, Financial Control, Cost Containment, and Risk Management. Oracle Financials is a component of Oracle EBS which helps the financial officers to create an information-driven enterprise that synchronizes data centrally from all systems including third-party systems so financial information is consistently collected, calculated, analyzed, and stored, ensuring data integrity while reducing costs.
The important elements of Oracle EBS Financials characterize common data model, reduced number of instances, Integrated Applications, and Database Integration.
Common Data Model creates a suite that spans a number of diverse modules. Oracle has taken care to make certain that the products share a Common Data Model in their architecture. This means that any system entity set up in a product is used to the extent possible, by all other products that require the same entity.
Reduced Number of Instances each time you consolidate databases, data increases and lowers costs. Many of them are managing worldwide operations using our unified information system on a single instance of the Oracle EBS. At the same time, you can delete duplicate data centers, information technology, and hardware costs requiring multiple databases and separate reporting infrastructures all over the world. The entire financial management system at the lowest possible cost is now within your reach.
Oracle E-Business Suite is engineered to work together as an integrated system. You can pass information from one application to another without any incremental integration costs. While Oracle’s applications are integrated, they are also modular. It depends on your business requirements you can implement one module, several modules, or the entire suite.
Oracle Business Intelligence systems and the transactional systems use the same data and information. There is no way to passage of information, spinning the facts, or delay; your managers see the data on their personal machines as it emerges from the business front lines.
In Database Integration, the Oracle Database comprises dimensionality support, further features, and other features that are exploited by financial applications.