Oracle Financials Cloud

Oracle ERP Financials Cloud is a comprehensive suite of tools delivering higher productivity with improved control at lower costs. Recognized as a market leader in the field, Oracle ERP Cloud is deployed in the finance, education, medical, and technology industries, among others. Clover Infotech is among the few companies in the world that has implemented Oracle Financials Cloud for its customers and for itself.

Common Oracle Financials cloud implementation involves accessing tasks that are available in multiple offerings (or products or product families) to manage process flows. 

Example: Using the Financials offering, your enterprise can configure how you manage financial flows, including assets, ledgers, cash cycle etc.

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    Business Transformation; NOT just another technology implementation

    Oracle Financials Cloud implementation is a business transformation and NOT a technology implementation. It can change the way you channel and focus your core resources to handle important aspects of your business operations.

    When you decide to implement Oracle Financials Cloud, Oracle takes the responsibility of provisioning the Cloud infrastructure and documentation of the same. Oracle manages its cloud and with it a set of challenges that you might face including management of cloud infrastructure, data security, availability of applications etc.

    Your key personnel can then focus on aligning the benefits of Oracle Financials Cloud with business and creating solutions to leverage optimum returns on your Oracle Financials Cloud investments.

    Adoption, NOT implementation

    We believe implementing Oracle Financials Cloud is more than just a technology implementation. It’s a tectonic shift in your organizational culture and thought process. The company needs to adopt and embrace this move to realize its actual benefits. The company must allocate human resources, spend time and conduct periodic reviews to leverage the best from the Oracle Financials Cloud bouquet.

    While you have already saved on CAPEX by deciding to migrate, have you thought about how the decision will help improve operational efficiency, business metrics and most importantly, the bottom line?

    We do exactly that. And a little more

    At Clover Infotech, our Oracle Financials Cloud services is based on helping companies to adopt the Oracle financials cloud and leverage it to gain strategic business advantage.

    Our team spends adequate time to understand your business, your short-term and long-term goals, in documentation and training etc. Our services are designed to guide and empower you with four measurable benefits as below:

    Advanced Financial Controls

    It includes Oracle Advanced Financial Controls, which implements models and controls that evaluate financial transactions for fraud, error, or other risk.

    Enhanced business user productivity

    You can quickly see the performance of your organization up-to-the-minute data to help you answer your key business questions, prioritize, and provide useful input into strategic decisions from any device.

    OracleFinancialCloud_Enhanced business user productivity

    Revenue Improvement

    Create contracts and performance obligations and recognize revenue based on performance at a point in time or over time. Automatically allocate revenue, accrue assets and liabilities across performance obligations.

    Augmented Data Insight for Strategic Decision Makers

    Gain greater insights into all dimensions within your business with real-time information. Visualize metrics or KPIs and get to view them from different perspectives. Monitor and report anomalies with full self-service reporting capabilities. Collaborate with decision makers within the platform. It enables better insight into the general ledger, allows other functional units to understand product or customer profitability, provides visibility into performance against budget, and highlights how staffing costs and employee or supplier performance correlate with increased revenue and customer satisfaction.

    Ubiquitous and Secure Availability of Data

    You can ensure access to the data in a secure manner across channels such as mobile phones, tablet, and laptops. What’s more, Oracle Financials Cloud seamlessly integrates with existing applications by using the Oracle Application Development Framework (Oracle ADF Services), ADF Desktop Integration, File-Based Data Import, and reporting tools. The tool can also build workflows for seamless approval management and faster processing of payments.

    Automation

    Accounts Payables Automation can be done on Oracle Financials Cloud to enable automatic processing of Invoice Work area.

    Below are some Oracle Financials Cloud modules

    Benefits of Oracle Financials Cloud

    • Accessibility of Features in the Oracle ERP Financials Cloud is one of the key features. You can be accessed via the internet anywhere, anytime and works on any laptop as well as mobile devices such as smartphones and tablets. This is particularly useful when employees desire flexibility in their schedules and work environment.
    • It offers both real-time and on-demand capabilities in reporting, ERP Cloud Financials Suite gives you the information to make the right choices for your business when you need it.
    • SaaS solutions exist in Cloud environments that are easily scalable and have integration with other SaaS offerings. Oracle ERP Cloud is engineered to enable a wide range of application integrations and provides this capability in a reliable architecture. Oracle ERP Cloud supports complex integrations as well as bulk data movement.
    • ERP Cloud adapts to your business needs, can be deployed in the Cloud offered on premise, or run concurrently alongside your existing platform, all with simple implementation and management capabilities. Streamlining your financial platform means adding more value to the rest of your business.

    These objectives require substantial engagement duration of at least a year.

    • Ground Preparation Phase – Working on your business outcome wish-list
    • Adoption Phase – Data migration, user adoption
    • Stabilization Phase – Performance improvements, security hardening
    • Cool-down period – Deliberate embargo period to check application resilience
    • Enhancement Phase – Mobility, Integration with other systems, Analytics
    • Enhancement Phase – Enrichment Phase

    As part of Oracle Financials Cloud implementation and services, we will help you to:

    • Accelerate successful adoption of Oracle Financials Cloud
    • Empower decision-makers with real-time with self-service reporting and analysis
    • Tailor and optimize your solution to deliver better ROI
    • Reduce costs associated with deploying, managing, and supporting on-premise financial applications
    • Gain instant access to Oracle Financials Cloud updates

    Get in touch with us today!

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