Oracle EBS Financials Reviews & Product Details

Customization -oracle EBS financials is highly customizable to fit into your company specifications e.g in our company we receive detailed information from our projects for inclusion in the G/L

Exporting data into the excel is very perfect which assists alot when it comes to compiling reports .our team benefits from this vastly

Oracle EBS is also very helpful with sales order ,quotes and billing which overall assists in standardising acounting policies and rules

Intergration with other softwares is a nightmare like in our case intergrating with salesforce,when it synchronizing data,the data do not match which is really hectic

Restrictions-some features are very restricted e.g financial reporting studio and as a result you do not meet most of your clients need

FRS is also quite unreliable,it crashes at any moment, works slowly besides not updating changes on the system once made

Reporting workbench of oracle EBS is very poor too,its very similar to that of a HTML website which makes it boring using

I wont lie, this software is very expensive to instal and maintain for mid sized businesses, however when it comes to perfomance its the best accounting software you should consider .when you keep the negativities constant

Financial reports and payments processing are made with a shorter time and very quick.this results in time saving,efficiency and conveniency in our business

Following are the main features which i like most.

Make timely decisions with integrated information systems

Target information delivery with role-based dashboards

Protect organizational integrity with secure information delivery

Perform true global consolidation by bringing together financial datafrom any source

Automate consolidation process to improve speed, consistency, and auditability

Capture and apply accounting rules to meet local reporting standards worldwide

Use familiar spreadsheets to build sophisticated financial statements with drill down links

Achieve global viewof profitability from multiple data sources

Calculate profitability based on user-definable rules and formulas

Analyze profitability along any dimension including geography, product, channel, segment, customer, organization, etc

First of all this is very expensive product to compare with other ERPs. Secondly user licensing also been every expensive. for features wise, installation to configuration is too much complex. This need at-least four to five high configuration servers may require which may increase overall budget. Additionally, integration is too much complex as they didn't provide APIs to integrate only providing interfaces which need more codding every time.

Do proper Budgeting before going to finalize for software and end user as this is expensive product. To ensure makes composite users / group user instead of individual

Lower Cost

Consolidate data centers

Administer fewer systems

For each new flow,leverage existing setups and reference data

Better Automation

Standardize, document, and audit processes

Integrated cross-application business flows

Better Information

All detail availablefor drilldown

Deploy DBI in weeks vs. quarters or years for a traditional warehouse

As we are larger courier company in Pakistan. We can operate from United Arab Emirates too. Our major business dependents for the cooperate sector. So we required a solid integration solution which communicate with our local application as well as give us complete visibility with better controls. Initially , we implements EBS early 2002 and us it for ten years. As this is an expensive product so we didn't update it . but 2013 / 14 it is necessary to update EBS solution as many of key features like reconciliation, reversal process , interface development, technology upgrades. Further, we have update our accounts segment upto 11 so upgartion was necessary.

OF Team is responsible for core application of Finance. We help Finance to take full advantage to maintain business information and financial activities. So we have created separate domain in IT for OF.

Major responsibilities of Oracle Financials:

Oracle Financials System Administrations

Implementation of Oracle Financials system

Smooth running of all Oracle Financials modules

Conduct joint sessions with user for new requirement specification

Provides technical guidance, system information and instruction to team members

Analyze, Designing and development of financials related systems

Development of new Interfaces and modification in existing interfaces

Perform DBA activities and disaster recovery of Oracle Financials

In new version we have 8 different module like Fixed Asset, Cash Management, General Ledger, Account Payable , Accounts Receivable and new modules like Order Management, Purchases and Inventory. So for this we have increase user list which hurt a lot as user licence is much expense of it. Secondly its only be running on Firefox , not very much supported on crown and internet explorer. Further, you have to configure Java applets on client machine which may be the issue as it gets slow many times

This is comprehensive ERP, so much and AS IS and To be document as this is not customize, preferably vanilla implementations. If you go for customize then you may not control . Additionally, you have complete user list , exact scenarios which you have to map and especially complete chart of accounts as this is the basic of this ERP

Before this we were doing every thing manually and you know booking keeping is very much difficult to maintain manually. so this give us clear picture and complete visibility of company growth which was missing initially.

Interface -i think its the best,you can navigate around easily, create paths and customize folders without requiring any learning curve.oracle EBS financials has the best interface so far as far as financial accounting softwares are concerned

Intergration with othe accounting softwares is perfect like in our company we have intregrated oracle EBS financials with microsoft excle and they work perfect when it comes to creating financial reports

Oracle EBS financials is totally SOX compliance that means you should not worry at all when using the sodtware in your business entreprise

The cloud base feature saves a lot of cash intended for another accounting software infrastructural installation into your company which isu nice that you can access the software anytime and anywhere via the web ,this is quite intuitive

Oracle support team is prompt in responsing to customers complaints and problems, i can testify that humbly,they have assisted our company alot

Customization with other softwares is quite great e.g microsoft excel ,the software has proven to be one of the best in our company

Customization with other softwares to fit into your company settings is great too,unarguably the best like in out company we have intergrated oracle EBS financials with microsoft excel ands its splendid

Oracle EBS has the worst and useless reporting workbench,infact its very similar to a HTML web,quite disgusting, they gotta upgrade this soonest

The software is inreliable e.g the reporting studio does not work in most cases coincidentaly when you want the feature to perform some actions in your company

Some features are restricted too on the software e.g financial reporting ,anytime i want to use this feature a pop appears signifying restricted and i get dissapointed

Lastly,you can not access the software without data,meaning you must be located where internet is accessed, quite another drawback of the software

The software is worthy for individuals aspiring a financial software that has a complete set of business applications. As a user,i can humbly reccomend you give oracle EBS financials a trial.keep the negativities and drawbacks constant

Processing of payments at a shorter time which in turn enhances productivity in our company,constancy reliability ,time saving and conveniency has been realized in our company when we started using oracle EBS financials

Oracle is a tool used in my company for a long time, and my experience has been great.

Oracle has a simple, friendly, and easy-to-use interface, with integrated tools, in order to the user execute payments, management, notes and aging (basically) customization of folders, and the creation of paths are also great features of the software.

The support team is also something good about it. It is very present and ready for quick solving actions, if necessary.

The software is a little rotten, regarding updates.

Most of the processes already designed for each company, has to be made in the form of the Oracle. That takes a significantly amount of time, and even money to develop, causing inefficiency.

Aside that, nothing else to complain about it.

If your company needs an accounting and financial software with simple interface and multiple process made at the same time, you should definitely check a trial for it. Nothing is perfect and oracle is far away from perfection as I said in what I dislike about it, but it can be a reliable software for your accounting team.

It is the software for payments processing in lesser time. The process of transactions is made with other operating actions, and that saves a lot of time.

Customization -has proved to be one of the best software feature quality especially if you want the software to fit into the company G/L.that inclusion is really user friendly ,a positive feedback as a user that i can confidently speak off

Configuration -is quite efficient if you want the software to fit into the company uniqueness, i believe oracle EBS financials is the best and appropriate software for thia category

Customer support -oracle EBS financials customer support can easily be reached in case of a query which automatically makes this accounting software great

Oracle i payment is not configured to support level 2-3 information for users using non p-card payment on credit card transactions

Single check payments should also be introduced and that targets companies that are using different operating units

Any advancements on the above issues will however make oracle EBs financials the best of the accounting softwares so far available in the market

If you looking for an accounting software of payments processing then you should give oracle EBS financials a trial.despite the few shortcomings on the software ,it has proved to be a reliable software to me as a user very conversant with the software,i can't regret

Payments processing which proved quite reliable anytime a transaction needs to be processed at the sametime with multiple operating units involved in the company. I can humbly testify that convenience in the company is achieved

There are many fields and ways to look up information. The interface is straight-forward and easy to use. At our company, all items are mapped based on product hierarchy and chart of accounts so as long as the initial mapping tables are correct, the information can be easily understood within the Oracle interface.

I will caveat that the negative experience I have had as a user is due to the way my company has integrated Oracle with other systems and reporting mechanisms. We use Noetix to pull data and it is all dependent on VTABLES. Oracle has so much data so I wish there was a report builder or custom query application. If one exists then we do not have it. I am dependent on our IT team to build and connect vtables. For example, up until recently, I could not pull AP data and AR data in the same report. I would have to pull the information separately and then manually combine the data sets. Oracle is great but, from my personal experience, end-user satisfaction is severely dependent on how Oracle fits into a company's portfolio of applications and tools. If you do not have a good way to pull the data back out of Oracle, then there is no point. As of now, pulling the data continues to be a challenge for us. I suppose the silver lining is that at least the data is there!

Cannot stress enough the importance of having a means of pulling reporting out of Oracle. How robust a system is means nothing if you cannot get the data back out and in a form you can use / easily manipulate.

Data clarity and integrity. There was an exercise to clean up data and improve data input going forward. There are more categories and definitions for order entry and expense management. It is still early stages at this company but we continue to improve every day. What's most important is getting people the proper training so that they know how to properly code their inputs.

End to end Finance and Accounting processes are covered

High level of effort to implement a new instance

Implement directly in Fusion Cloud and save yourself on future investments as you would eventually have to move to Cloud

Finance Shared Services efficiency improvements could be achieved thanks to Oracle EBS Financials. As Finance Controller for Orange Business Services I have been able to achieve stronger processes and robust Financial controls within the system all thanks to Oracle EBS Financials.

All the Finance and Accounting users can share the same set of referential, book the transactions in same database, run real time reports on their own provided they have the right level of training. Oracle EBS has allowed the Finance and Accounting teams to be a close knit team who can really be called a shared service centre because we have been able to centralize the services to a large extent!

Oracle has been a leader in financials for many years and the community of users are great to collaborate with on solutions. Every business believes they are unique when it comes to processes and there is some truth to that, but it's all AP, AR, GL, COGS, etc. Oracle allows for configurations that support the uniqueness of each company as well.

As with all software, keeping up with patches and upgrades has to be balanced with supporting your business.

If you are a smaller vanilla company just now growing into enterprise ERP needs, then consider the cloud, but if you are mature, complex and need all the features, then EBS is a great tool.

We have tripled our revenue over the last 15 years and Oracle has grown with us, but our Accounting, Purchasing and Oracle IT headcount has stayed the same and in some cases gotten smaller due to the level of automation we can put into our processes.

Among some of the advantages include;

i. Oracle EBS Financials is easy to use and implement.

ii. Offers a wide range of accounting features.

iii. It has an excellent reporting features

iv. After the data input, the data and the report can easily be exported in different formats.

Drawbacks of using oracle is that it does not allow data customization. Data have to be enhanced before it is fed in Oracle EBS Financials.

Oracle EBS Financials is one of the best cloud based software that plays a major role in financial management solutions. Given the services it offers i would recommend it 100%.

We used the software to solve some of the financial management problems like payroll, Bank reconciliation among many others. The Oracle EBS Financials works perfectly and provide the desired solution in financial management.

The software is easy to implement and use as it has a user friendly interface.

Provide flexibility when it comes to many transactions.

With the software we were able to generate a well detailed investment and financial report of the company.

Quick customers help response from the oracle support team

When it comes to large volume of receipt, the Receivable Lock Feature does not function well thus prompting delays.

I would highly recommend the Oracle EBS Financials to any research firms and banking industries who are willing to store and manage their financial projects.

Oracle software is designed to keep all the financial transaction in a company. You can later generate reports to tract your financial investment progress. The software acts as a data base and stores all the financial records a company have transacted.

Oracle is able to be highly customized to do whatever is required. For example, in our case we were able to receive detailed information from our investment custodian and summarize it in the manner we desired for inclusion in the G/L.

Oracle iPayment does't support level 2-3 information for non P-Card credit card transactions. In addition, the system should allow application of a single check payment to various operating units.

A necessity for all Financial firms, and this is the top program of its kind out there

Payments can be processed at the same time for multiple operating units easily. Payment templates makes it convenient and easy to process the payments without much hassle. In addition, the payroll feature is extremely easy to control and manage. The interface itself has a wide variety of options that make life easier for employees such as myself.

We use this software throughout our organization in the many departments. It's easy to use, and allows us to export data into Excel which has been very useful for our team to compile reports. The system also has may different capabilities that has allowed our Accounting and Finance department to better compile and store our data.

There are some report functions that our version lacks. Having more types of reports will allow us to share this information to our Managers. However, the export Excel function has been our work around .

If you're looking for an AP/AR/Payroll system, this will be a great software for you!

We're using this for our day to day Accounting and Finance activities. It helps us keep our data organized, and our information complete so that it can be shared and analyzed.

This Oracle ebusiness suite was the financial application we used with Salesforce. It was very helpful with sales orders, quotes and billing. It helps standardize all accounting policies and rules, which you need in this business, consistency. It helps keep the process and work flow moving with less questions.

I think the reasons I have dislikes is Oracle was the financial software to work hand and hand with Salesforce, and there were many times data just didn't sync correctly. Both databases needed to match due to proposals and orders and it caused undo and time consuming days to fix. Each application on it's own is great but when you have two departments not understanding the others, it gets fustrating.

We are almost done with our change over from Excel, especially for financial reporting, and it is a slow process. Having a centralized database helps reporting data so much more efficient. Say goodbye to old invoices.

Its easy to customize reports from the software by adding either the business logo or slogan

Its easy to use and implement - the software work smoothly without hanging or slagging

Come loaded with all features required to manage financial a project

It has some issue when payment is made by invoice. The software also has issue with reversing journals.

I would highly recommend the software to all those financial and business corporation who want to do away with papers in the finance department. It becomes easier to manage the financial record with this software. It works more as a database.

Oracle EBS Financial is a software designed to help you easily manage the financial projects. Its an EPR system which is used as a book of all financial records.

Hyperion Planning is useful, and the basic functionalities are easy to use. Forms are easy to build, and the same structure around dimensions is replicated across the webpage/Excel/Reporting studio, which makes it quite easy to build on once the basics are mastered. Smartview, the excel add-in, is really helpful to input larger amounts of data, or to pull through bigger reports.

There is very limited customability. I worked extensively with Financial Reporting Studio, which was incredibly restrictive, which meant I couldn't meet a lot of my clients' needs. For example, I couldn't even change the colour of the borders in the reports!

FRS could also be quite erratic. It frequently crashed, worked very slowly, or changes I made in FRS would not be reflected in the system. There were many instances where one minor change in one bit of the report messed up the entire report, and I'd have to redo it entirely.

There was a lot of functionality that was just lacking, and Oracle's customer support was quite poor. On one occasion, I raised a service request asking for a new function, only to find out the development team had been 'working' on it since 2003.

The interface is not always intuitive for users, so as part of the team implementing it, we often had to answer queries from confused parties (and were confused ourselves). For example, Hyperion Planning only works properly in IE (and sometimes there are issues with different versions of IE), and when the zoom is set to 100%. If it's not, then users might struggle to click on links.

Support provided from Oracle is quite poor.

The implementation was to help a big investment bank set up a retail branch in accordance with ringfencing regulations.

From a reporting perspective we moved the bank's reports from Excel -- which required slow manual retrieves -- to Hyperion Planning, so changes in the data were almost immediately reflected in the reports. This simplified the entire reporting process considerably.

What I like most about Oracle E-Business Suite is that it is fairly simple and straight forward to use. If you have prior experience with any sort of enterprise resource planning system, you will have no problem learning the logic and flow to Oracle E-Business Suite. I understand that Oracle E-Business Suite is customized to each individual organization's specifications, however, this is not a significant barrier to using Oracle E-Business Suite.

I believe there are flaws and dislikes to all systems, however there are not many major dislikes for Oracle E-Business Suite. One of the things I dislike about Oracle E-Business Suite is the reporting workbench. When you enter the workbench, it is similar to entering an html website, it has a very dated interface, unlike the rest of the system. Another dislike I have is the add-ins to Microsoft Excel. Oracle E-Business Suite seems to always use a very old version of Excel (currently the add-in is only compatible with Excel 2013, current Office suite is 2018) which creates a lot of compatibility issues with other Microsoft Office files.

I will not lie, Oracle E-Business Suite is expensive to implement and maintain, however for growing companies wanting to get to the next level of financial analysis, it is a great system to get you there quickly.

Our organization originally had an in-house database that had a very simplistic general ledger, and financials had to be analyzed through Excel. With growth and investment, our organization decided to implement Oracle E-Business Suite and has not looked back since

I like how user friendly it is and how simple the layout is. I like how there are several different ways of displaying data and all of the options on formatting it as well.

I don't have any dislike for it except that it might feel too minimalist.

I think it is a very good system to use when keeping track of cash flow. This includes accounts receivables, payables, invoicing, labor reporting, and cash adjustments. I think it's an easy way to show the credits and debits and keeping other customers paying you on time. It is also good to document information and keep notes of any accounts that need it. Overall it is a great system to use and it is user friendly.

I solved many problems using it such as old invoices that were more than 90 days overdue, it's a very good tracking system

I like the way of use and compatibility of this Oracle and which provide the information which is needed by Business, integration part and API work everything as expected.

Dislikes which we are using very old version for few of the solution which may not work, example for line level invoice amount we may not pull the correct values.

Nothing from my end.

We Made automation on one regular activity where Business manually adjusting write off, through csv file we have achieved this activity.

What I like best about Oracle is that the reports needed for my job are easy to find and not scattered all over the place. Which is Amazing!

I dislike to login process. I feel like there is a lot that you must type in in order to login in. I get it, it’s a security mesuare, but really?!

Have the right person train you or you may be lost for a second. But it is easy to learn.

I am able to find all of the financial reports for every restaurant employee at my job. I’m able to see everything that was rang in via our Micros system and run that report to document it.

I use Oracle Financials for all financial management from requisitions, to vouchering and interface to assets. General Ledger income and expense, budgeting, tracking of all monies. Grants are very important to the organization and we track NIH and many types of grants and research, that is half of our main effort. We are expanding to mobile inventory, travel, and expenses.Its been a long road to get everyone using this new product, its been installed here almost 5 years.

when working with Oracle support, many times you are getting someone in a foreign country and their understanding of the English language and the products are very limited. So when describing an issue, many times it is not understood. Also, the response should be within days, and when it extends to weeks, for just an update it is getting ridiculous. So my only option is to call and get things escalated

Good for middle level company

The web version of the Financial Reporting Studio is difficult to use

Company is able to customize my responsibilities and requests that I need to run. Easy to use and manage for close purposes. Are able to allow multiple people to use it for their needs, without compromising segregation of duty issues. Quick load time and support has been great (internal/external company) if any issues come up.

Sometimes there are random lag times that aren't able to be traced. In order to "fix" some of these freezes, what I need to do is shut down and log back in. After that, there are no issues. I'm not sure if this is a system issue or company issue, but I have to run a specific version of Java that is not always compatible with other systems that I need.

Utilize support and they will help with any issues.

Month and year end financials and reporting. It is a great consolidation tool and easy to use. If there are issues, I've had great support in correcting the issue.

The tool is valuable, and the fundamental functionalities are not difficult to utilize. Structures are anything but difficult to construct, and a similar structure around measurements is recreated over the site page/Excel/Reporting studio, which makes it very simple to expand, the exceed expectations include, is extremely useful to enter bigger measures of information, or to pull through greater reports.

There is extremely restricted custom-ability. I worked widely with Financial Reporting Studio, which was extraordinarily prohibitive, which implied I couldn't address a considerable measure of my customers' issues. For instance, I couldn't change the shade of the fringes in the reports!

Support gave from Oracle is very poor.

The execution was to enable a major speculation to bank set up a retail branch as per ring-fencing directions. From a detailing point of view we moved the bank's reports from Excel - which required moderate manual recovers - to Hyperion Planning, so changes in the information were very quickly reflected in the reports. This streamlined the whole announcing process significantly.

Oracle EBS is the most accurate,simple and inexpensive software for carrying out financial transactions.it is user friendly because it does not cause any harm to the user since difficult tasks may be automated to avoid errors.it is easily accessible to its users as they can operate it from their homes and get feedback.its softwares and features are designed in a manner to suggest that customers support is enhanced.

there is little to say when it comes to dislikes of this software,it is only highly restricted since not everyone can use it,it might only be applied to authorized members with full requirements.

for those willing to use oracle financials should not lose hope since it is an effective method for carrying out accounting.it gives best solution where accountants can process their financial budgets.

oracle EBS financials deals with financial problems to ensure that customers are kept up to date and immediate response is employed to satisfy customers needs.

A lot of benefits including expansion and growth have been seen since.

the software is highly customized and this enables it suit in any business without causing any default.it does not have any side effect to the user and therefore it is user friendly by nature.anyone from anywhere can access the software without necessarily having to travel.it has a well arranged and programmed software with most features enabling users get the right information so that others are also recommended.it is also easy to use since the learning process is so simple to even someone who is not an IT expert.

so far oracles EBS financials is not that bad to the user but a few limitations that when checked will improve its functionality.these include;most localities like remote areas do not have access since oracle EBS financial does not connect to oracle cloud.joining process is also restricted and all the requirement have to be uploaded in order to be considered a member

oracle EBS financials is the best financial solution for both small and large businesses.it provides its services for the purpose of making its users gain from what they will be doing at the moment,it is the right choice which anyone can try regardless of financial status.

oracle EBS financials ensures that accounting information is handled on the right time possible so that customers access information concerning particular events on time.

As a matter of fact,being a reliable software,it has been so effective and efficient in its operations and this has made it grow and expand to a larger extend where it has now been people's choice.

I Love Oracle to use for all Business Needs, it provides the solution for all Business users, the use of Oracle also understandable to each user, the way it is creating the invoices or reports or etc., will be solving the Business issues.

Software means always there should be likes and dislikes will be there, similar way Oracle use to have same things currently where our team unable to pull the few information which is required for Business needs, due to version is not supported.

Worth using of this product

All receivable activities will done in Oracle EBS, so any problem which we solved added to advantage of to Our Organization.

I would say one thing about Oracle, It is very helpful to solve in Business problems, when we issue Invoices, credit memos, debit memos to customer in time to provide CSAT. with this our Org will be in top companies from their view.

I dont see any dislikes in Oracle as we can see any system having Pros and Cons, we have to achieve with our knowledge and it is a test for us to prove our self.

No suggestion from my end

we have solved few business problems where we provide our business one scv file to upload the Credit Memos against for Orders.

The functionality that I like most about this software is ability to interface with Excel and to do general ledger drills. I can also run the financials in different presentation formats.

I often have my system crash when I have Oracle to run P&L financials. I'm not sure if it is because of the excel version that I am using or the software malfunctioning. This has happened to me several times during monthly close process. Also, it is not very user friendly.

It offers me the flexibility to run real time ondemand financials when it is requested by the business. This has been a longstanding software for the company in which I am employed.

I like the ease of use of this software for our business. I loved the easy trouble shooting and the easy problem solving with this software. I love the dashboard and the budgeting tools of this software, it has greatly helped our business in these areas.

I did not dislike anything about the Oracle Software. My company loved everything it has enabled us to do, and It is also very easy to train new employees on. I did have problems at first when trying to figure out the use of the software, but I soon realized my mistake.

This is a great product for any business wanting to solve some financial issues you may be having with other software. I love this product for our business.

WE are solving many accounting and finance issues we had in the past. The benefits we are realizing are endless, and can only get better.