Oracle E-Business Suite Financials Family

This morning, I woke up with a call from my cousin who is a high school student and he asked me how to market his native products on the internet. This kid has such aggressiveness he wants to expose his market to whole world. And at such a young age, could he manage do to that?

Anyway, the point of this real but trivial morning story is that no matter how small or big businesses are today, it is so much easy to have access to the global market. Yes, we cannot escape globalization. And if we know how to take advantage of globalization, we can surely get tremendous growth for our company. But first, we must know how to manage our financial in order to accommodate such tremendous growth without being overwhelmed by it.

The Oracle E-Business Suite Financials can help manage a company's financial aspect even if the company operates across vast geographic locations without having the Finance department taking too much aspirin due the headache of dealing with disparate systems.

Oracle Financials is include highly sophisticated modules to take care of Financial related tasks such as Assets, Cash Management, Payables, General Ledger, Payments, and Receivables. Oracle Ledger includes ERP features such as Intercompany transactions, Consolidations and Multiple currency transactions.

The Oracle Daily Business Intelligence for Financials is a distinguishing module which allows a company to leverage processes on easy-to-use pre-built intelligence reports and Oracle discover workbooks. It has the power to track enterprise-wide capital investments and manage big projects involving crucial cost revenue, budget and margin data.

The Oracle Financial Consolidation Hub is yet another sophisticated and innovative application module which binds together financial data from various disparate systems. This will enable the company to have a single global view of the financial scenario of the whole enterprise. It tightly integrates financial reporting and compliance certification processes and has a unified analytic platform for credible business recommendations.

Oracle Internal Controls Manager is very comprehensive management tool in the Financials family that can be used in documentation, testing and certifying internal controls. It is also essential in monitoring on-going compliance with International Financial Reporting Standards and other related requirements for reporting.

Oracle iReceivables module provides online service to customer so they can manage their own accounts, pay their dues and print their receipts. The can even manage dispute invoices online. Because this is an online service, the company can save on manpower expenses while improving overall service quality to customers.

There are still so many other modules within the Financials family and each of them innovative in their own ways.

So whether you are trying to hatch an idea into a future business you want to make big online or you are into an existing business and you feel you need to expand, you might consider buying world class software. I use the term world class all the time because I do want to feel any boundary anymore.