Key features of Oracle Financials Cloud

 Business applications are one of the most potent ways to improve a company's productivity and overall growth. One of the most talked-about ERP software is the Oracle Financials Cloud. It is a part of the Oracle fusion cloud ERP software.

 

The best measures to deploy oracle financials cloud empowers companies to imbibe modernity and agility to their business process through adaptable and seamless finance processes. It encompasses all the finance requirements for a company. Therefore, Oracle financials cloud certification helps professionals to encapsulate the most effective ways to capture transactions such that it reduces costs for resource-intensive tasks without giving up on the controls.

 

It leverages modern-day technology such as machine learning, analytics, and intelligent automation on the cloud. The aim is the help the global companies of various verticals gain the benefits of the next-generation finance process in a budget.

 

Here in this article, we discuss some of the key features of Oracle Financials Cloud to give you an idea of what you can learn from enrolling in an oracle cloud financials training course.

 

 

Important Features of Oracle Financials Cloud

 

·      Multidimensional Database to create statement reports

It is a significant contribution from the report and analysis module. The oracle fusion cloud integrates with the ESS base, which is a multidimensional database. The database is capable of generating accurate and automated financial reports. The data is easily accessible through Oracle financial statement studio reports through Smart view. A Smartview is a spreadsheet tool that allows accountants to recover reports in other environments, like Microsoft excel.

 

 

·      Automated and intelligent payable processes

With Oracle financial cloud, you can easily import and record the payables like invoices with proper imaging and OCR. For invoices that fail to record automatically, you have a backup option such as a workbench to keep your business rolling.

 

You can also identify when you need cash as the application lets you schedule the cash requirement report. This way, the amount of data entry reduces to a minimum as it leverages a

 

 

·      Compliance with FRS 16 and ASC 842 rules

 

Deploying oracle financials helps you save a lot of data and ensures you have to pay a hefty price for non-compliance with accounting rules. The payment modules take care of the same and let companies easily integrate through the life-cycle of leased assets.

 

·      On-time cash flow and daily cash positioning

 

With oracle financial cloud, you get to reconcile cash transactions to bank statements and resolve exceptions using review exception pages and other multiple matching scenarios. It also empowers your company to maintain a healthy cash flow. It keeps an eye on your daily cash flow to forecast cash based on real-time cash flows from multiple sources.

 

·      Seamless Revenue management

 

Managing the revenue involves a lot of paperwork related to customer contracts and transactions. Most of these can be digitized and automized for better revenue management at affordable prices. Oracle also facilitates on-time revenue collection and proper compliance with accounting rules.

 

 

Develop Your Oracle Financial Cloud Skills at Cloudshine

 

Do these features excite you? Are you looking for a good oracle financials cloud certification course to upskill your profession to become a sought-after talent?

 

Cloudshine has a comprehensive course designed to provide a fruitful oracle fusion training experience. Here the curriculum focuses more on implementation that drives maximum profits for a company through a smart and efficient finance magnet via the business application.

 

Enroll yourself in one of our upcoming oracle cloud financials training batches to polish your finance management skills using the power of cloud applications.

 

 

“From cloudshine we have trained more than 500 consultants through 45 batches in last 3 years and providing corporate trainings for 50+ organizations.

Our structured training, assessment and practice support will help you or your company employees to become industry ready within 60 hours of training.

Please call or whatsapp us @ +918908123123 or email us @ inquiry@cloudshinepro.com"