Oracle EBS Financials Reviews & Product Details

Oracle EBS Financials Overview

What is Oracle EBS Financials?

Oracle E-Business Suite Financials family of applications automates and streamlines all your financial business processes.

Oracle EBS Financials Details
Product Description

Oracle E-Business Suite Financials family of applications automates and streamlines all your financial business processes.


Seller Details
Seller
Oracle
Ownership
NYSE:ORCL
Company Website
Phone
+1 (650) 506-7000
Year Founded
1977
HQ Location
Redwood Shores, CA
Total Revenue (USD mm)
$39,506
Twitter
@Oracle
777,575 Twitter followers
LinkedIn® Page
www.linkedin.com
185,372 employees on LinkedIn®
Description

Oracle Corporation develops, manufactures, markets, hosts, and supports database and middleware software, applications software, and hardware systems.

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Oracle EBS Financials Reviews

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Application Developer
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

I like that there are enough validations , checkpoints and coverage of business processes for each type of job in oracle EBS , i like that there is almost everything available to the users for them to make the product work.

I also like that it requires almost nothing for oracle to run on my machine it is safe to say it is a bare minimum software. Review collected by and hosted on G2.com.

What do you dislike?

I hate the support that oracle provides it is as much as nil in terms of learning in terms of problems.

The only way to solve a problem is to raise a CR and wait for days to get a auto generated reply which is really depressing for someone who is stuck in his work facing the problem.

Second thing i hate is the UI it is 2021 now and oracle is stuck with UI of 1990 , The java forms are really really outdated and looks very ugly almost no body would like to work on them today, newer generation gets turned off from it Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Oracle EBS can almost cover everything that i might require for Financials or even SCM ,I can create invoices , run business processes'. Review collected by and hosted on G2.com.

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Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

Relational model: users view data in tables in the row / column format.

Intuitive and comfortable to use graphical administration tool.

Access control: advanced technologies to monitor data entry.

Data protection: complete security in the production and test environment and backup management.

Comprehensive Database Design Language (PL / SQL) - Allows you to implement "live" designs, which can be adapted to changing business needs.

High availability: scalability, protection and high performance for business activity.

User management: agility in procedures, cost reduction and security in the control of people who access applications and systems.

Oracle is the first company to develop and implement 100% Internet-enabled business software across its entire product line: database, business applications, and tools for decision support and application development. Review collected by and hosted on G2.com.

What do you dislike?

Disadvantages of accounting programs

As we tell you some of the main advantages, it is important that you bear in mind some of the disadvantages of accounting programs:

1. Difficulty

Some accounting software packages are designed and intended for people who do not have extensive knowledge of business accounting. However, there are many other packages in which it requires a high knowledge, both accounting and technical, to learn how to use and get the most out of the application.

2. Maintenance

Another drawback of accounting programs is that they require maintenance and updating of the contracted package, to get the most out of it and to work optimally and efficiently.

3. Cost

There are many accounting software available on the market and at a more than reasonable price. However, you must take into account other types of requirements, such as RAM, processor speed, and hard drive memory.

You already know some of the advantages and disadvantages of accounting programs. The era of automation and centralization of data is a reality, but it is you who decides what is necessary for your company. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

I recommend that you think very well about this tool. Although it is very good, it may not be the one you need, apart from that it is a very good tool. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

I have been learning a lot to manage my money and oracles is a very good place to save better. Or at least in my case it is. Review collected by and hosted on G2.com.

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Tax Specialist
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2
What do you like best?

ı dont realy like it - it is extremly hard to use when you compare with SAP Review collected by and hosted on G2.com.

What do you dislike?

it is very hard to use - you cant get data in 1 time ı always make try couple times to get it . ı dont understand such big application such a bad like that. please learn somethıng from SAP Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

ım getting financial data to solve taxtation problems Review collected by and hosted on G2.com.

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Web Specialist
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

The Oracle EBS Financials provides a stable finance solution with mutiple HR and other department mangement system.It help to steam line andautomates all business problesms and tasks.It is very flexible in integration with other application in EBS.IT maintain the workflow in sturctured and organized manner.The advance reporting and accounting system drive the company to achieve right goals. Review collected by and hosted on G2.com.

What do you dislike?

Oracle EBS Financials is a complex system to install and deploy. it has few confuse cuerves to maintain according to the tasks management system.These things make it costly and time consuming. the interface is bit old and not updated as the competition Strong technical support is needed for futher updation and integration. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

It depends upon the organization requirement to get Oracle EBS Financials.As it is a good finance and accounting tool I Recommend to companies to implement such effcient tool and Transparent the finance issues. It also cover the internation projects with good tracking system, that is excellent for the future of a company. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Oracle EBS Financials is the core solution provider for the finance and accounts sytem . It is well managing my Accounts with other deparments by using advance features. the security sytem is well organized with payment deliver and receive issues. Review collected by and hosted on G2.com.

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UA
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2
What do you like best?

I like the ability to book orders, credits, upload payment files and monitor aging reports. Very helpful for accounting, finance and sales. Review collected by and hosted on G2.com.

What do you dislike?

I dislike how complicated it is. It has very high functionality which is great. But the platform glitches out often and its easy to get stuck. I find myself having to back out and restart the program often. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

The problems I solve pertain to billing and order management, payment applications. The benefits I like are the ability to upload files to credits memos. I also like the ability to export reports into Excel. Review collected by and hosted on G2.com.

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Senior Executive-Finance & Commercial
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

The variety of Reports, we can have variety of customised reports to suit the end user whether it is Accounts Receivable, Ageing report or Accounts Receivable Reconciliation. The reports customisation with needed columns and enabling automated reports to suit end user requirement is the best future. Seamless integration with Business Intelligence tools for analysis is like a boon for MIS reports. Warehouse reporting and stock management reporting is easier. Review collected by and hosted on G2.com.

What do you dislike?

Sometimes transferring the report to excel takes time if it's for a longer period. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Analysis and reporting is excellent. Clearing line items and updating the system is instant. Review collected by and hosted on G2.com.

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Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best?

This program contains different modules that work together Review collected by and hosted on G2.com.

What do you dislike?

Sometimes its very slow and there is not conection Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

I have the financial information in only one tool. Review collected by and hosted on G2.com.

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Leasing Coordinator
Information Technology and Services
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Invitation from G2
Lead Business System Analyst - BRM Finance
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

GL, AP, AR, FA, Collections, SLA, FAH, Cash Management, and iProcurement. Review collected by and hosted on G2.com.

What do you dislike?

Forms loading sometimes takes a lot of time. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

1. Transactions accounting.

2. Audit and Compliance.

3. Consolidation and Reporting. Review collected by and hosted on G2.com.

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Oracle Functional Lead
Music
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2
What do you like best?

EBS Financials allows for full integration with every application in EBS. Whether your organization requires Order Management, Purchasing, Payables, Receivables, Payroll etc. EBS provides the solution to integrate your data seamlessly over to the general ledger so that your business can keep doing what it does best. Even better, EBS provides the reports and tools to understand your business too. Review collected by and hosted on G2.com.

What do you dislike?

EBS Financials is so robust and there are so many setups you can make to optimize your business. If there is a downside to using financials, the only one I can caution you of is that the learning curve is huge - not just to implement, but also to maintain. There are so many moving pieces, and often changing one setup in one application can affect the others. So think carefully about your organization, and think even harder about where you see it going in 10 years. You'll be stuck with the choices you make for years to come, so make the right ones. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

I would recommend avoiding EBS financials in favor of Oracle cloud at this point. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

EBS Financials provides enterprise-wide, professional grade, GAAP compliant accounting solutions for both corporate and governmental accounting. The segmentation of each account string allows for quick and easy categorization, and financials allows you to easily view the balances in your chart of accounts and immediately know how your business is doing. Review collected by and hosted on G2.com.

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AE
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

It is the most easy to use and consultant friendly product. Review collected by and hosted on G2.com.

What do you dislike?

Not much to dislike there. Can develop the UI a bit . Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

providing EVS business solutions to people out there. Review collected by and hosted on G2.com.

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UA
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: Organic
What do you like best?

I am personally a Oracle superuser in my company, so I am very familiar with this particular software. It is a complex tool that provides wide range of functionalities. My favourite part is a module for audit of travel and expenses, it is created to be intuitive and easy to use, it makes my work much easier and faster, and this particular module is definitely competitive in the market when it comes to others used by accountants (it is better than silimar modules in SAP and Agresso). Review collected by and hosted on G2.com.

What do you dislike?

Sometimes it is a bit slow, especially when a lot of employees run reports at the same time. Then it tends to work slower, and sometimes it results in some unexpected errors. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

It is definitely worth considering if you uare looking for a good accounting software. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

I use Oracle in multiple ways. From the admisitrative tasks such as my timecard, to audit of internal cutomers travel and expenses, and of course to create accounting and run financial reports. It gives me the possibility to make a corrections of incorrect bookings, create account reconcilliations and view the accoutning used in detail. Review collected by and hosted on G2.com.

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CM
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: Invitation from G2
Business partner of the seller or seller's competitor, not included in G2 scores.
What do you like best?

Flexibility. Really great to work with... Review collected by and hosted on G2.com.

What do you dislike?

Sometimes gets stuck in thr middle and then have to restart Review collected by and hosted on G2.com.

Recommendations to others considering the product:

I would definitely recommend this. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Business problems associated with my healthcare business. Review collected by and hosted on G2.com.

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Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Organic
What do you like best?

That all business modules are there and easy to be customized Review collected by and hosted on G2.com.

What do you dislike?

The workflow builder is not easy to handle Review collected by and hosted on G2.com.

Recommendations to others considering the product:

It is one of the biggest software's in the field , I recommend using it for mega companies as it is not for a small company Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Adding business cases was easy due to flexibility of EBS Review collected by and hosted on G2.com.

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UA
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

Easy to create request for review and details Review collected by and hosted on G2.com.

What do you dislike?

A little bit time consuming while creating requests Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Lot of problems which needs to reviewed By client Review collected by and hosted on G2.com.

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UI
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

Oracle EBS Financials is designed in such a way that it takes care of all the financials activities for a potential business. Oracle offers standard solution which can be customized as per business needs. Review collected by and hosted on G2.com.

What do you dislike?

Oracle Support timing can be improved. Oracle ERP Solution is bit costly but worth to implement in any organization Review collected by and hosted on G2.com.

Recommendations to others considering the product:

It is good solution which is offered by Oracle considering all the possible transactions in mind Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

We have implemented various modules under Oracle EBS financials - AR ( Accounts Receivables ) , AP ( Accounts payable) , FA ( fixed assets) to take care of business transactions Review collected by and hosted on G2.com.

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Financial Asset and operational Audit Coordinator
Retail
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: Organic
What do you like best?

The best feature of Oracle is you can link this software to various high-end software. For Example, a Warehouse management system( WMS) works flawlessly with Oracle. Furthermore, the Accounts Receivable team and Accounts Payable team can generate various reports based on their actual requirements. For Instance, aging buckets for customer and supplier payments can split into numerous parameters and generate reports as per the users' wish. Allows administrators to do modification in interfaces within minimal time. Review collected by and hosted on G2.com.

What do you dislike?

Often the interface does not look eye-catchy, it has a vintage look. Report generation sometimes takes an unreasonable time to pop-up. When it comes to warehouse Inventory allocations, it doe not properly streamline with the connected software like (WMS), hence transactions get fail due to no reason. Companies need to maintain strong technical experts who know know-how about Oracle to find out glitches in the system, hence IT budget naturally increase. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Having Oracle will safeguard your company's future investments and expansion of the business. Even when you need to request for a loan from a bank because Banks often ask for system-generated Asset reports and financial data. Having Oracle will ensure you reach a win-win situation. All the reputed financial institutes around the world honor this system's financial reports due to its accuracy.Having Oracle will safeguard your company if you need to request for a loan from a bank because they often ask for system generated Asset reports and financial data. Having Oracle will ensure you reach to a win-win situation. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

One classic example with Oracle is when we need to find out which customers are holding their payments towards our company for more than 60, 90 days and beyond 90 days can easily identify through aging buckets. By having this option, it allows the company to take initiatives such as to block the customer and utilize their PDCs to recover the default payments; therefore the company's liquid cash never drys out. Review collected by and hosted on G2.com.

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UA
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: Organic
What do you like best?

It allows to creat accounting based on projects. It is much easier to indicate profitable pojects thanks to that. Also, it's kind of user friendly if you want to do just simple tasks. The big adventage is fact that it does not consume your CPU, calculations are being done in the cloud. Review collected by and hosted on G2.com.

What do you dislike?

Java-based. Because of that you cannot run multiple instances of the application at the same time. Also, there is a lot of crashes because of that. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

I can show profitability of every single project. It allows to perform accountancy for a whole company. Review collected by and hosted on G2.com.

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Buyer
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2
What do you like best?

Amazing product to use for Buyers in terms of PO creations, requisitions and status check.

The UI is definitely better than SAP.

Powerful functionality and easy to use. The data is stored on cloud which is a plus.

The ability of the software to catch errors and clearly convey them is something I really like. It prevents a lot of major mistake that otherwise might go unnoticed.

Another good feature is the extensive search function. It fetches data from a vast directory and accurately matches the closest value. Review collected by and hosted on G2.com.

What do you dislike?

It freezes at times and can get slow. Also nothing is auto saved, I have to constantly press ctrl+S to make sure my data was saved. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Better than SAP Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Creating POs for end users, checking the status, Approver changes, Reassigning ownership, Invoices, Matching invoice values etc Review collected by and hosted on G2.com.

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IF
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Invitation from the seller
What do you like best?

Quick capturing Fincials transacitons and strong technology Review collected by and hosted on G2.com.

What do you dislike?

difficult to import the bulk transacitons Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Easy to pass Journals, Easy system, User frendly access, easy train to staff, Audit trails etc Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Quick report, Anyslisis , easy to understand users, Userfriendly Review collected by and hosted on G2.com.

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UO
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2
What do you like best?

Working with Oracle EBS was a good experience I can say. Even thought I already had experience working with Peoplesoft (a bigger, different suite from Oracle), which kind of similar to EBS (both being Oracle products), I can say it was not difficult to move through the whole web app and java consoles of the whole app. Financial concepts are wide and are presented in understandable fashion even for different jurisdictions. Integration with our own developed applications was very good as well. Review collected by and hosted on G2.com.

What do you dislike?

I honestly believe the look and feel should be more attractive to testers and end users visually. Even thought this might seem like a superficial element, it surely feels like a downside when you spend all day using it. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

I would recommend extensive training and knowledge transfer prior use to anybody using EBS as an end user or tester. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Reporting tools and integration its quite a benefit. Also, again, the ability to integrate Accounts Payable module with our own developed procurement app and other apps as well has helped balance costs and customize processes. Review collected by and hosted on G2.com.

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UF
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: Organic
What do you like best?

The solution is modular and salable solution which can be customized as per the organisations requirement.

There are many modules within the financial suites that come along with the base solution foot print.

The most common are Accounts receivable, Accounts payable, Cash Management, General Ledger & Fixed assets. Review collected by and hosted on G2.com.

What do you dislike?

The major problem with the entire oracle E business suites is the Graphical User Interface. For some reason the company is not looking at the GUI as one would expect Review collected by and hosted on G2.com.

Recommendations to others considering the product:

The solution is great but only for Mid to Large organisation. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

The solution is actively used for the financial book keeping and reporting. Review collected by and hosted on G2.com.

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UL
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

After implementation of EBS apps module our life got easiest. A great financial app that provide flavor of reports and friendly modules Review collected by and hosted on G2.com.

What do you dislike?

not any dislike for oracle Financial yet... Review collected by and hosted on G2.com.

Recommendations to others considering the product:

It's good module for financial visibility... Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Reports and visibility and secure platform is our requirement which's fulfilled by Oracle EBS Review collected by and hosted on G2.com.

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Team Manager
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

Oracle EBS Financials assist in accounting and financial management expenses and projects. In addition the software is easy to use and send exported data to excel and this is vital to our staff since you can put together files and documents.

This tool helped a lot in sending and receiving detailed information from the custodian investment to compile in a designed way in such that it is compatible to the G/L. Review collected by and hosted on G2.com.

What do you dislike?

The tool doesn’t have report functions and this limit the sending and receiving the information in a company. Furthermore the excel export function has been worked on.

Finally the software doesn’t allow the 2-3 information for p-card transaction but allow only one click for single payment. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

I recommend any company searching for the AR/AP payroll system, to install this application. Their financial issues is well solved. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

The tool has helped in processing of different operating units. By using its feature such as payment template it help in processing payment without any worries. More so the payroll features is much easier and the tool has beautiful interface for the easier understanding of the users.

Consider applying the software for finance and accounting activities. It assist in storing data in organized manner and ensure that the information are kept safe for easier analyzing and sharing. Review collected by and hosted on G2.com.

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