Oracle Fusion is known as Oracle Fusion Architecture, which is standard based technology architecture for designing applications. Note that Oracle Fusion Architecture is not a product, and can be used without licensing it from oracle cooperation. Many organizations use this to write applications that can run on oracle fusion middleware or that compliment oracle fusion applications. It is built on top of the middleware technology stack using Oracle Fusion Architecture as a blueprint. It includes both oracle fusion middleware and oracle fusion applications, to alter the dynamics of the fusion applications marketplace and revolutionize business by oracle.
Oracle Fusion Middleware: It consists of the oracle application server and another technology stack components that oracle has acquired in previous years.
I. Oracle Fusion Middleware is a combination of middleware services covering areas like content management, identity management, service oriented architecture. Each of these areas has its own stack of products.
II. Oracle Fusion Middleware was also called as Oracle Application Server.
Oracle Fusion Applications: It is oracle’s next generation suite of applications, technologies, and services that eventually replace Enterprise Business Suite. Oracle Fusion Application is known as ERP module for oracle fusion. It will incorporate best features from EBS, PeopleSoft, Siebel, and JD Edwards.
Oracle Fusion provides services in the Customer Relationship Management, Oracle Fusion financials, Governance, Risk, and Compliance, Human Capital Management, Oracle Fusion Procurement, and Supply Chain Management.
– Customer Relationship Management (CRM): Oracle Sales Cloud drives smarter sales by helping representatives to sell more, managers to know more, and companies to grow more. Oracle Sales Cloud combines a mobile-first strategy for sales representatives and managers with powerful analytics and forecasting, customer approach, and seamless integration with marketing and partners for increased revenue.
– Oracle Fusion Financials: Oracle Fusion Financials is a component of Oracle Fusion Applications suite, revolutionizes productivity and information access with native and real-time intelligence. It contains modules as general ledger, account payables, account receivables, fixed assets, and cash management.
– Governance, Risk, and Compliance (GRC): Oracle Fusion Governance, Risk, and Compliance is a component of the Oracle Fusion Applications suite, sets an innovative standard for risk management and compliance.
– Human Capital Management (HCM): Oracle Human Capital Management is a component of the Oracle Fusion Applications suite, sets a new standard for innovation and work.
– Oracle Fusion Procurement: Oracle Fusion Procurement is a component of the Oracle Fusion Applications suite, sets a new standard for strategic supply management.
– Supply Chain Management (SCM): Supply Chain Management is a component of Oracle’s Fusion Applications suite, is a revolutionary approach to collaborative, multi-system order fulfillment, and product data management.
Some of the Features of Oracle Fusion have listed below:
Efficiency – Next generation enterprise solutions by oracle cooperation.
Features – Formed of best modules from diversified enterprise solutions as JD Edwards, PeopleSoft, Siebel, and Enterprise Business System of oracle.
Workflow – Business Process Execution Language.
Reports – Business Intelligence Publisher and XML Reports.
Business Intelligence – Oracle Business Intelligence Enterprise Edition which is known as OBIEE.
User Interface – Oracle Application Development Framework, Java Server Faces.
Application Server – Oracle Web Logic.
Architecture – Service Oriented Architecture which is known as SOA.
RDBMS – Oracle Relational Database Management System 11g and above versions.
Therefore Oracle Fusion you can be referred to any of three things Middleware, Application, and Architecture. With this Oracle is not only moving to the gen-x technology stack like Service Oriented Architecture, Ajax, Business Process Execution Language, Enterprise Service Bus, Java Server Faces, Business Activity Monitoring, etc., but will also bring together the best-in-class underpinnings, of each of the incumbent sites like Business Structure, Workflow Process, Event Models, and Security Models which you will discover in later part of discussion.
– Service Oriented Architecture: The speed of new business projects continues to grow from improving user self-service to seamlessly connecting all your back office cost and in the field applications. At the same time, there is an urgency to mobile-enable existing applications, integrate with the fusion cloud, and start development on the present trend of connecting Internet of Things devices to your existing infrastructure. When companies address each of these new integration challenges independently, using a patchwork of niche specialty integration toolsets, increased application infrastructure flexibility, original goals of faster business integration, and reduced costs are no longer achievable.
– BPEL: Business Process Execution Language is the standard for assembling a list of discrete services into an end to end process flow, radically lowering the cost and complexity of process integration initiatives. Oracle BPEL Process Manager delivers a comprehensive and easy to use infrastructure for creating, deploying, and managing business process execution language.
– Oracle Enterprise Service Bus: It transforms the complex and brittle architectures into agile integration networks by connecting, virtual-sing, and managing interactions between applications and services. Enterprise Service Bus offers low cost, standard based integration for mission critical service-oriented architecture environments where extreme performance, scalability, and reliability are critical needs. It enables the organizations to unlock the value of their enterprise applications collection. From on-premise to the cloud to mobile devices and to the future, ESB allows companies to leverage their existing investments in entirely new ways.
– Java Server Faces: The current economic conditions and quick changes in business environment require businesses to adapt rapidly while decreasing costs in the longer term. Large and small firms have embraced the shared service infrastructure to achieve competitive advantage. Shared service infrastructure allows consistent Quality of Service, security, and performance policies across the enterprise while improving operational efficiency. As this mission critical business processes and service components are used by a huge number of internal and external applications, organizations realize only a flexible and scalable shared service infrastructure will allow them to meet the demanding service levels required to compete in the present business environment.
– Business Activity Monitoring: Oracle BAM gives the business users ability to create their own dashboards and monitors their business services and processes in the enterprise. Oracle BAM 12c supports active real time, changing dashboards that update without having to refresh the web browser and also tactical dashboards that allow end users to change parameters to see a new perspective of the data without having to build a database query.
Oracle Fusion Accounting Hub (FAH) is a component of Oracle Fusion Applications, which are completely open and standard-based enterprise applications that can be integrated into a service-oriented architecture without any difficulty. It is built as a complete suite of modular applications, Oracle Fusion Applications help you to increase higher performance, decrease IT costs, and get best results. Whether you select one module or a product family, or the entire suite, oracle enables you to gain the benefits of Fusion Applications at a pace that matches your business requirements. It is an accounting integration and reporting platform that includes the products as Subledger Accounting, General Ledger, and Financial Reporting Center. FAH delivers a flexible approach to system adoption, allowing users to implement fusion financials in an evolutionary manner. As an accounting integration platform, Fusion Accounting Hub standardizes the accounting from the multiple third-party transactional systems to consistently enforce accounting policies and meet multiple reporting needs in an automated and controlled manner. As a reporting platform, it offers E-Business Suite and PeopleSoft users exceptional reporting and analytics capabilities with minimal disturbance to their current financial system.
The Financial Reporting Platform and Complete Accounting Integration – Oracle Fusion Applications is intended to work alongside both Oracle and non-Oracle systems without forcing end users to perform a full-scale upgrade. A key component of this co-existence strategy is Oracle Fusion Accounting Hub. It is both a reporting platform and an accounting integration platform.
Unique Reporting Platform Distribute Information When Needed – As a reporting platform, Oracle E-Business Suite and PeopleSoft end users can leverage Oracle Fusion Accounting Hub exceptional reporting and analytics platform without interrupting their present financial processes, such as their order to cash or procure to pay processes. This allows users to leverage Fusion Accounting Hub reporting ledger as their ledger of record to execute sophisticated reporting and analysis against real-time accounting data, with optional drill-down to the source transaction details.
Accounting Integration Platform Delivers Consistent Accounting – As an accounting integration platform, Fusion Accounting Hub integrates with the non-Oracle transactional system to create accounting entries in General Ledgers such as Fusion, E-Business Suite, and PeopleSoft General Ledgers or other non-Oracle general ledger systems. The highly configurable and centralized rules engine transforms transaction data from third-party systems to create correct, detailed, and auditable accounting entries to meet statutory, regulatory, corporate, and management reporting requirements.
Reporting Platform and Accounting Integration Together – By choosing to employ the full capabilities of Oracle Fusion Accounting Hub as an accounting and reporting platform, users get the advantages of integration with non-Oracle transactional systems to form accounting entries in Oracle general ledgers, together with powerful reporting and analytics against real-time accounting information, and optional drill-down to the source transaction information.
Oracle Fusion Accounting Hub is an accounting integration and reporting platform solution which includes the products as Fusion Financial Reporting Center, Fusion General Ledger, Fusion Subledger Accounting, Fusion Legal Entity Configuration, and Fusion Financials Common Modules.
The New Standard for Financial Reporting and Accounting Integration key features includes Reporting platform with embedded Essbase, Centralized reporting center to deliver and access reports, Pro-active monitoring of account balances, Multiple accounting representations, Sophisticated error handling, Centralized accounting engine, Supporting references that track the balances beyond the chart of accounts, Robust Allocations Engine, Transfer of accounting rules from test to production environments, Multi-currency journals, and multiple balancing segments.