Under the subset of Oracle Fusion Applications, the Fusion Financials is a modular suite of Oracle Fusion Applications which revolutionizes the productivity and data access with native and real-time business intelligence. This application is a complete suite which helps you to run your absolute business process. It is a modular set and builds to work as an entire financial solution or as extensions to your existing financial systems. Fusion Financial applications are a unit of products designed to store and analyze the financial information on a global basis.
Using the Fusion Financials applications, your organization can estimate how to manage the financial business flow. This application offers an integrated financial management suite which is built to mechanize, make more efficient, and control an organization’s financial management processes end-to-end. It is a fully financial management system that includes a broad suite of capabilities such as General Ledger, Accounts Payables, Accounts Receivables, Fixed Assets, and Cash Management. It also includes tax, expenses, and collection management that all sit on top of a 100 percent open and standards-based platform to help the consumers to enhance business agility and standardize business processes. It helps in present fast-growing and active organizations make good decisions, increase business intelligence, decrease costs, and continuously growth in efficiency. Whether you select a product family or a single module or the entire suite, Oracle enables you to increase the benefits of Oracle Fusion Applications at a speed which matches your business requirements. Fusion Financials application and database storage are organized in the cloud which can be easily moved to or from a private cloud or on the environment. Oracle Corporation combines the best of the best capabilities of Fusion Financials solution to distribute a complete solution that arms financial professionals with the right information at the accurate time, improves productivity, and accelerates financial business performance.
Apart from the Fusion Financial applications, it considers the reporting, decision-making, and intelligence. In addition, it also delivers the unique business insight to all users. Its objective is to provide a management solution in complete accounting cycle which consists of effective and incorporated capabilities and features.
Fusion Financials is designed to work next to other Oracle Fusion Applications. Oracle Fusion Accounting Hub enables you to aggregate data from any multiple general ledger environments, whether Oracle or non-Oracle. It also provides the reporting and integration platform to effectively drive a coexistence way with your current financial methods. It is designed to distribute in coexistence with E-Business Suite, PeopleSoft, JD Edwards, and other enterprise resource planning systems. The intent of financial applications is to provide a comprehensive financial management solution from beginning to end across the accounting process. It includes streamlined and unified best in class capabilities and its features. In this today’s fast growing technology, Fusion Financials application has great demand in business organizations in which they can increase their business strategy and reduce their infrastructure costs.
New Standard for Reporting has various reporting requirements within the financial business organization. The CFO needs financial analysts need to analyze general ledger balances, professional quality financial statements, and others need to create transactional queries. A single complaint from all these professionals is that the data is spread over across various sources and is the outdated, inaccurate, and time-consuming process to collect.
Fusion Financials distributes a state-of-the-art reporting stage which is natively constructed on top of an analytic data form. One-step posting from business transactions to the logical data model ensures reliable, accurate information, and timely for management and outside reporting. All the reports work off the same data and support drill-downs to live data transactions. All reports and queries are truthful to the minute, providing multi-dimensional analytics without the need for a different data warehouse.
Financial users had a new standard for decisions, particularly those who are doing data entry work, often have some data to complete transactions. The recent studies show that some of the organizations and employees are wasting some percent of their day in finding the point of information overload, and the companies are spending the equivalent of salary expenses on employees for searching ineffective information which leads to duplicate efforts, faulty decisions, and lost productivity.
For this situation, Fusion Financials lowers the time wasted on ineffective data searches made by users with the particular information they need at the accurate time. Configurable, work-based dashboards unite the data from various sources, proactively observe the processes, and throw exceptions to different finance roles so that they can take instant action. The users have to log in to know exactly what they need to do. With these Fusion Financials application, the organization does more of the thinking for you by providing real-time intelligence and decision making within the situation of a business transaction to guide your choices.
New Standard for Productivity had financial organizations are statically trying to find ways to improve more productivity with less effort. Unfortunately, transaction processing dominates much of financials workload. Fusion Financials dramatically lower the costs of the resource-intensive job. Native worksheet technology offers an extension to transactional entry to support high-volume data entry across most finance systems. Innovative out-of-the-box imaging integration radically improves invoice creation and should delete the costly third-party solutions. In addition, Fusion Financials is designed to work the way financial users work on a day-to-day basis. All pages are configured and optimized for the most creative user experience.
The uses of Fusion Financials are as follows:
- Fusion Financials is used to lowers the time wasted on ineffective searches done by users with the particular information they need at right time. With this, the system does more of the thinking for you by providing real-time business within the context of a business transaction to guide your decisions.
- It also offers widespread support for global companies in a wide variety of industries.