Oracle Financials Cloud Reviews & Product Details


What is Oracle Financials Cloud?

The most comprehensive integrated and scalable financial management solution available. Oracle Financials Cloud offers extensive support for global companies in a wide variety of industries

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Oracle Financials Cloud Profile Details

Oracle Financials Cloud Profile Details

Vendor
Oracle
Description
Oracle Corporation develops, manufactures, markets, hosts, and supports database and middleware software, applications software, and hardware systems.
Company Website
Year Founded
1977
Total Revenue (USD mm)
39,831
HQ Location
Redwood Shores, CA
Phone
+1 (650) 506-7000
Ownership
NYSE: ORCL
LinkedIn® Page
www.linkedin.com
Employees on LinkedIn®
183,916
Twitter
@Oracle
Twitter Followers
758,601
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Oracle Financials Cloud Reviews

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1-50 of 64 total Oracle ERP Cloud reviews

Oracle Financials Cloud Reviews

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1-50 of 64 total Oracle ERP Cloud reviews
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IT Financial Staff
Mid-Market
(51-200 employees)
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"A single tool to manage all the financial activities"

What do you like best?

It has several useful tools, such as the Payment process, that’s able to support several types of payments like EFT, positive pay, check, etc. It allows to customize the PO and review print formats. The reporting is made flexible and effective and some modules can be integrated with other systems.

What do you dislike?

As a user of Oracle Financials for more than 3 years, I can tell they have not improved the platform that much with every update. All the tools already integrated are great, but Oracle should work to make it even better. Another thing is that the Oracle Fixed Assets Module tends to show error most of the times it’s being used. Also, Oracle eBusiness only supports Vertex and Taxware. They need to improve for more service providers.

Recommendations to others considering the product:

This platform is highly recommended for companies who already work with other Oracle products, as the integration between one software and the other makes a whole powerful tool. Also, I would recommend it for companies able to invest on the product, not only on its acquisition, but on the setup and initial phases, in order to get the most out of Oracle Financials.

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

Oracle Financials is used in my company as the single tool to manage all the financial activities. From incomes to budgeting, this tool offers everything needed. It was implemented 3 years ago and, at first, all its features were not properly exploited, but after the team started to test it, they discover all the benefits it brings to the company.

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Finance manager
Mid-Market
(51-200 employees)
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""Oracle ERP is most appropriate for any scope of ventures. ""

What do you like best?

The profundity of modules prophet offers is stunning. Aside from standard modules like General Ledger, Accounts Payables, Accounts Receivables, Purchasing, Manufacturing, Customer Relationship Management, Human Resources, Payroll etc.Oracle offers specialty modules as well. Prophet ERP is in presence since long and over some stretch of time Oracle aced many prescribed procedures crosswise over ventures.

What do you dislike?

massive programming; needs progressively specialized help.

There is nothing that I don't care for about this application .

I don't that way on the off chance that you have various measures of tasks and don't have a clue about an undertaking number,

Recommendations to others considering the product:

Prescribed for introductions concerning troublesome points, for example, money related information since you can arrange information and have measurements determined.

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

Perceivability, get to controls, and better arranging. The pre-constructed examination answers for continuous basic leadership are extraordinary. Perceivability into the financials, as we plan for what's to come. Access Controls: We know who's getting to what and when, and we can rapidly control that entrance and scale it as our needs or business develops. We began as a little organization with just 40 individuals yet have developed to more than 220 this year and we didn't exceed this device. We understood considerably more advantages with more use.

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RPA developer at huawei Technologies
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Business partner of the vendor or vendor's competitor, not included in G2 scores.

"Oracle Financials Cloud review"

What do you like best?

1.Control your projects with this advanced system that contains all the necessary tools to manage everything related to business, the platform is modern and with an environment based on a service in the cloud.

2.comprehensive solution with industry specific details and scalability options.

3.I like that the website is easy to use and it also lets you save templates so that you don't have to re-input the project number each time you fill out a timecard. Also, I love that you can see how much PTO has been accrued. The best thing is that if you mess up your timecard, it is really easy to resubmit.This is one of the most user friendly solutions I have worked with if set up properly and by a professional. Highly recommended to everyone. The interface is easy to operate and can be used by anyone.

What do you dislike?

bulky software; requires more technical support.

There is nothing that I do not like about this application .

I don't like that if you have multiple amounts of projects and do not know a project number,

Recommendations to others considering the product:

I recommend this product for your company. I cant believe so many people still manually write and fill out timecards. This service is great to use and it also is fast and easy to use!

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

We used it in some projects in which we had to be precise with the financial, material and even human resources, and the monitoring and monitoring experience was excellent, sophisticated and with the results we expected.

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Global Head of Enterprise Resource Planning Cloud Applications (US, Austrailia, Argentia, India)
Food Production
Mid-Market
(51-200 employees)
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Verified Current User
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"Finance Transformation for the Savvy Finance Team"

What do you like best?

It's everything you need and things you didn't know you wanted. You can scale it to grow as your business grows. Multiple sessions can be logged in simultaneously. You can see changes made by users real time. I love the alerts functionality. Changes in production environment are pretty instantaneous (i.e. user account provisioning, updating account and ledger hierarchies, inventory transaction postings, invoice workflow approvals, Supplier setups, etc.) I also like that we have a dedicated team of customer success and sales professionals who are always eager to help us, eager to understand our business, and always looking for ways to add value.

What do you dislike?

Not having a comprehensive error log to quickly troubleshoot errors we encounter. The quality and level of support provided by My Oracle Support. We are currently considering purchasing Advanced Customer Support as a result.

Recommendations to others considering the product:

Identify the champions of change in your organization and those within Finance, HR, Supply Chain and Technology who understand the future of Finance and your company for you. Have goals that are broken down into plans by quarter/month and work with a Vendor or Oracle to translate those into functionalities in the system and to reveal any gaps. Highlight manual processes you'd like to automate and by when. Even after going live, go back to that to see how far you've come and what to look forward to. There's lots of functionality and each business has to make a decision whether to make a lot of change all at once or in increments.

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

Visibility, access controls, and better planning. The pre-built analytics solutions for real time decision making are great. Visibility into the financials, as we prepare for the future. Access Controls: We know who's accessing what and when, and we can quickly control that access and scale it as our needs or business grows. We started as a small company with only 40 people but have grown to over 220 this year and we didn't outgrow this tool. We realized even more benefits with more use.

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CS Escalations Specialist
Enterprise
(10,001+ employees)
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"Good work for Checking on PO/Invoice Status"

What do you like best?

With both systems, information, once received, is presented in a concise manner, usually being very straightforward in what the status is for invoices, POs, and payments. Looking for concise invoice reporting? This is your bet.

What do you dislike?

I wish the GUI was a bit...smoother looking? The GUI can be a bit intimidating to navigate at first sight, and it did take me a bit to learn it. I also wish, like the SAP system we also use, that it would allow more commenting on what the status was in further specifics, and more specifics on where it is in the process of payment. Creating reports can be a bit of a hassle, as well.

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

I check invoice/PO/payment status for our customers. As I mentioned above, it gives concise answers that I can relay to the people on the other side.

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EC
Small-Business
(11-50 employees)
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"Best Cloud ERP Solution"

What do you like best?

For Oracle EBS is an upgrade in terms of usability and features.

It's integrated with all the HR suite and CRM in a seamless way.

It cam to automate several manual processes in our organization and the pace of the implementation was amazing comparing to on-premise solutions.

In our case we migrate the ERP, SupplyChain, HCM, BI & Analytics all at once within a period of 9 months.

What do you dislike?

Too many tabs that now in this new release can be customized by the organization or the user itself.

THe license model can be improve since there are users that handles limited profiles and use a full license.

Another improvement is allow customers to customize their landing pages with the organization like white label product powered by Oracle or something.

Recommendations to others considering the product:

MAke sure the end user gets involve in the process. Is not an IT Project.

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

Integration withing FInancial, HR and Sales information.

BI and Analytics embeded

It solves all the manual processes in the financial and HR department.

Integrated with the SOA Cloud solution the current legacy ecosystem improving the internal uses experience and saving time in internal processes for finance, purchasing and human resources.

In terms of information allow us to have critical KPIs in almost real time to make better decisions

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Enterprise
(5001-10,000 employees)
Validated Reviewer
Verified Current User
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"Going to the cloud"

What do you like best?

Our company implemented Oracle ERP Cloud which went live July 2018. We came from an on-prem solution, so converting to the cloud has allowed our associates to work outside if our offices. The approval features for Journal Entries and AP invoicing is amazing to approve via email on any device.

What do you dislike?

Issuing SRs are not the most user friendly and we purchased the advanced collections but have been unable to use it.

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

Growth and scalability

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U
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Business partner of the vendor or vendor's competitor, not included in G2 scores.

"Oracle ERP is best suited for any range of enterprises. "

What do you like best?

The depth of modules oracle offers is staggering. Apart from standard modules like General Ledger, Accounts Payables, Accounts Receivables, Purchasing, Manufacturing, Customer Relationship Management, Human Resources, Payroll etc.Oracle offers niche modules too. Oracle ERP is in existence since long and over a period of time Oracle mastered many best practices across industries.

What do you dislike?

The module like Oracle iProcurement which touches many end users can be made more user friendly. The Oracle Java forms can be made compatible with all the browsers. Currently chrome browser does not work well with Oracle.

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

In a nut shell Oracle ERP offers a gamut of modules catering to various industries. It is scalable and tightly integrated. To give examples, to manage warranties on products, oracle has a module called Oracle Service Contracts which provides a complete contract authoring and execution

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C
Enterprise
(10,001+ employees)
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Business partner of the vendor or vendor's competitor, not included in G2 scores.

"Improved UI in Oracle Cloud Financials Release 13 18C"

What do you like best?

UI keeps improving, Less kludgy than last year.

What do you dislike?

Too much like EBS. Not customizable to our needs. Had to use creative workarounds. Data loads were very hard. No backend SQL update access was major hinderance to implementation. Migration of configuration is horribly complicated by GUIDs compared to other competing applications. Difficult implementation means they'll go to another vendor that makes it easier.

Recommendations to others considering the product:

Make Oracle Cloud ERP extensibile. If you allow system to be customized, adoption will explode! Thomas Kurian obviously did not understand that is the main reason customers a migrating to Oracle Cloud ERP -- their hands are tied. System limited functionality just doesn't cut it. Customizable ERP systems sold like wild in the 90s because customer could customize the software to their needs. One size does NOT fit all.

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

GL and AP/Procurement

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Vice President, Information Technology - Business , Consumer & Community Banking
Information Technology and Services
Mid-Market
(51-200 employees)
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"Flexibility & Customizations Are the Key"

What do you like best?

Flexibility & Customizations Are the Key. We all know about the advantages of cloud but Oracle on top of the cloud adds customizations which make the product unique and powerful.

What do you dislike?

Cost is the number #1 concern when it comes to the things we wish were better

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

Customer Information setup and updates using Oracle Financials Cloud is what we use it for. Primary Benefits are the customization and tailor fit features that it offers.

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U
Mid-Market
(201-500 employees)
Validated Reviewer
Verified Current User
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"Oracle Review"

What do you like best?

Oracle does a good job at automating a decent number of transactions.

What do you dislike?

The interface is sometimes very slow to load and navigate.

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

Oracle provides a way to work from anywhere via the internet. Since everything is cloud based, it is easy to access the accounting system at any time with internet access and eliminates the need to download a program to your computer.

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IT Director - Cloud Strategy
Enterprise
(10,001+ employees)
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"Enabler for Enterprise Digital Strategy"

What do you like best?

1) Focus on analytics / dashboards compared to on-prem traditional transaction processing

2) Provide user to get the big picture and drill down to individual transactions

3) Finance resources spending more time on analytics and less time on traditional transaction processing

What do you dislike?

Integration capabilities with on-prem and other third party transactions

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

1) Process standardization

2) Business agility

3) Scalability to handle business growth

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Director, IT Systems
Enterprise
(1001-5000 employees)
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"Oracle ERP Cloud"

What do you like best?

Oracle ERP Cloud allows us to work closely with our European subsidiaries by monitoring and configuring the products they are selling.

What do you dislike?

It seems as though there are still some bugs that need to be worked out. We've had to open dozens of SRs with Oracle which have resulted in them logging new bugs.

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

We are implementing a consistent way for all our subsidiaries to submit and manage orders.

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UR
Enterprise
(10,001+ employees)
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"Interesting Post Go Live Findings"

What do you like best?

The intercompary feature has been a huge win for our company. It has eliminated a vast amount of manual work.

What do you dislike?

The Financial Reporting has been our largest hurdle. After a three year implementation, we still do not have complete and working financial statements, which is very troublesome to our Stakeholders. The Cash Management has also been a challenge for our company. I'm hoping to find some solutions to this during OOW#18.

Recommendations to others considering the product:

Create some seeded common financial statement reports

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

Intercompany has been solved for our business. It has taken away the aspect of user error and labor time from our processes.

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E
Enterprise
(5001-10,000 employees)
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"Easy & seamless"

What do you like best?

Lots of functionality and upgrades. New features. New avenues. Security is role based and complex but controlled

What do you dislike?

UI compared to Oracle EBS (premise). Few features are missing from current EBS like searching by invoices, increasing the field size. In addition, new requirements are pushed for future enhancements which would be a great value to the product. After quarterly updated, the system integration breaks which bring lot of challenges to the development team particularly for development team.

Recommendations to others considering the product:

Before moving to cloud, suggestion would be to redesign current business process.

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

Using Cloud invoicing - scanning invoices has become seamless and error free

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UF
Enterprise
(10,001+ employees)
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Verified Current User
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"Good Product, Lots of Customization"

What do you like best?

There are a lot of customization features with Oracle products.

What do you dislike?

Can sometimes be slow or get hung up easily - lots of room for bugs.

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

Most of my job I could not do without Oracle Financials Cloud! It maintains all our information and makes running reports or finding information very quick and easy.

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Credit & AR Specialist
Enterprise
(1001-5000 employees)
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"Trusted and Useful"

What do you like best?

Oracle Financials Cloud allows me excellent customer master data abilities. It is easy to update when necessary.

What do you dislike?

Oracle Financials Cloud is not great for customized reporting once standard features are in place.

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

Oracle Financials Cloud has greatly improved our abilities to manage our financial reporting across multiple business units and locations.

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U
Enterprise
(5001-10,000 employees)
Validated Reviewer
Verified Current User
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"Oracle looks nice but gets confusing"

What do you like best?

I think the design layout is beautiful and on the surface it seems very user friendly.

What do you dislike?

I'm often confused by the organizational layout, and I sometimes have trouble navigating around Oracle.

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

It keeps track of pay check information, which is handy to access, but sometimes I get lost in the program.

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Director, IT Operations
Enterprise
(5001-10,000 employees)
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"Generally works as advertised"

What do you like best?

The modern look and feel makes it easy to use and easy on the eyes

What do you dislike?

Notifications about patches and outages need improvement

Recommendations to others considering the product:

Spend more time planning than implementing

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

Helped us consolidate into one chart of accounts, from 9 ledgers, to achieve our goal of a centralized shared service for Finance.

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COO
Mid-Market
(201-500 employees)
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"Great Software"

What do you like best?

Oracle Financials Cloud is amazing as the name suggest. Everything is cloud based and you can work from anywhere. Definitely increases the productivity.

What do you dislike?

You have to have internet. cannot work live without the internet.

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

Definitely helps to analyze the financials and the setup is great, user friendly.

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A
Enterprise
(5001-10,000 employees)
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"Solid product"

What do you like best?

Improvement over EBS, much simpler for users.

What do you dislike?

Some bugs, hard to fix since need support from Oracle.

Recommendations to others considering the product:

Solid product, but bugs need to be fixed by Oracle so it can cause delays.

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

GL, AP, Cash management and receivables. Data import and export from PBCS through FDM.

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C
Enterprise
(1001-5000 employees)
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"User Experiece"

What do you like best?

I think the user experience has improved a lot from the good old EBS days.

What do you dislike?

Performance.

Un-necessary Oracle Updates.

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

Apart from Oracle Financials Cloud, we also have the Oracle Procurement Cloud, Risk Management Cloud. We are trying to bring everything under one umbrella for better user experience.

- The supplier portal implementation has helped us to on-board suppliers with proper approval process.

- Shopping should not be this complicated. The procurement cloud has helped us in improving the UX experience.

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U
Validated Reviewer
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"A platform for big and small businesses "

What do you like best?

It's designed to be used by any business, regardless of their size. It is simple and is applicable to many areas of business such as accounting and project management.

What do you dislike?

Its not very customizable, the monthly charge is pretty steep and a poor internet connection makes it run very slow.

Recommendations to others considering the product:

Recommended for presentations concerning difficult topics such as financial data because you can organize data and have metrics calculated.

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

It can help lower operating costs and ensure financial accountability.

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U
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"oracle review"

What do you like best?

I love the ease of access in finding different reports

What do you dislike?

I dont like how you have to keep re entering the values for your search rather than saving variants like SAP

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

I used oracle financial cloud to run data

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Director Enterprise Architecture
Enterprise
(5001-10,000 employees)
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"global company moves to ERP cloud"

What do you like best?

ease of access globally, process simplification

What do you dislike?

Notifications need to improve as they are inconsistant on timing

Recommendations to others considering the product:

change management is key and spend extra time on integration design.

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

ease of reporting, standard process accross the globe.

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U
Enterprise
(10,001+ employees)
Validated Reviewer
Verified Current User
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"long term planning"

What do you like best?

oracle is helpful to drill down into the GL and account level detail

What do you dislike?

there are many iterations which limit access

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

long term planning and budgeting; realizing more detail and insight into the numbers

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VP of Accounting and Finance
Mid-Market
(51-200 employees)
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"Reporting"

What do you like best?

The easy and detail of the financial reporting process has made our closing procedures less manual and more mistake free.

What do you dislike?

The setup process of the reporting is very manual

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

Quicker month close

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U
Enterprise
(10,001+ employees)
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"user interface of oracle db is very 90s"

What do you like best?

there is a lot of options and features that can be added onto Oracle Erp. I like the asset module which helps us a lot in tracking vehicle.

What do you dislike?

the user intereface is not user friendly or intuititive. i would like to get better reporting feature out of it that will enable to get more reports and customize-able items out of itm.

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

we use it for our financial reporting. monthly accounting entries and financials.

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Freelancer
Validated Reviewer
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"Highly rated SaaS"

What do you like best?

No doubt Oracle Financial Cloud is its main service in all cloud services. Enhanced function and adaptability are nice. I am expecting automated AP, AR processes soon.

What do you dislike?

Not really. Oracle Financial Cloud is quite good

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

Financial consolidation

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Secretary-Treasurer
Government Administration
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"New User"

What do you like best?

It is very user friendly. Easy to use even for begginners

What do you dislike?

No problems thus far. I ram still learning about this product and features

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

Monthly budget expenses

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Manager
Enterprise
(5001-10,000 employees)
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"Useful but kinks to work out"

What do you like best?

I appreciate the clarity in the icons for each section

What do you dislike?

The spots to save/close etc are sometimes unclear

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

It brings simplicity and transparency to managing our expenses

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Director
Enterprise
(10,001+ employees)
Validated Reviewer
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"RMCS"

What do you like best?

Stable, fast to implement, cost effective

What do you dislike?

Weak reporting capabilities and no access to BICC to do on premise reporting, no solutions to reporting

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

ASC606 compliance

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SME
Validated Reviewer
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"New technology"

What do you like best?

AL and Machine learning experience. East to use and friendly.

What do you dislike?

Nothing, AL and Machine learning experience. East to use and friendly.

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

Customization elimination

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A
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"Early days"

What do you like best?

no more upgrades, quicker time to market for new features and value.

What do you dislike?

Perhaps the option to reduce quarterly updates to 2-3 times per year. Keeping up with the updates poses operational challenges.

Recommendations to others considering the product:

We held a detailed Phase 0 proof of concept to iron out the key configuration questions up front

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

Support a complex global legal and tax structure without customizations

Helpful?