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Oracle Financials Cloud description
Oracle Financials Cloud is a comprehensive financial management software suite designed for mid-sized to large companies across various industries. It automates core financial processes like accounting, payables, receivables, and asset management, providing a single, real-time view of your entire financial position. This helps businesses improve decision-making, increase efficiency, reduce costs, and better manage financial risks and compliance. Oracle Financials Cloud is recognized for its strong global capabilities, scalability, and advanced features like AI-driven analytics.
Who is Oracle Financials Cloud best for
Oracle Financials Cloud helps mid-size to large businesses automate financial processes, improve decision-making, and manage risk. Users appreciate the comprehensive modules and robust reporting but note difficulties with third-party integrations and occasional performance issues.
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Best fit for medium to large enterprises.
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Ideal for finance, retail, e-commerce, manufacturing, and more.
Oracle Financials Cloud features
Supported Oracle Financials Cloud includes accounts payable features such as invoice processing and payment management. |
Supported Oracle Financials Cloud supports Accounts Receivable functionality. |
Supported Oracle Financials Cloud provides a general ledger to record and track financial transactions. |
Supported Oracle Financials Cloud has a General Ledger module. |
Supported Oracle Financials Cloud supports automated PO generation through its procurement modules. |
Supported Oracle Financials Cloud automates expense reports, including receipt capture and submission. |
Supported Oracle Financials Cloud can generate balance sheets, P&L statements, and likely cash flow statements. |
Oracle Financials Cloud reviews
We've summarised 172 Oracle Financials Cloud reviews (Oracle Financials Cloud GetApp reviews, Oracle Financials Cloud Capterra reviews and Oracle Financials Cloud G2 reviews) and summarised the main points below.
- Comprehensive modules covering standard financial requirements, including localizations.
- Robust reporting and analytics capabilities with pre-built dashboards and customizable options.
- Regular updates and patching, reducing technical debt.
- Cloud-based accessibility, allowing for remote work and flexibility.
- Strong integration with other Oracle products, creating a seamless ecosystem.
- Difficult integration with third-party products.
- Slow performance and occasional bugs.
- Clunky reporting features, requiring multiple reports for comprehensive data.
- Limited customization options despite the cloud environment.
- High cost of implementation and licensing, especially for smaller businesses
Oracle Financials Cloud pricing
The commentary is based on 9 reviews from Oracle Financials Cloud Capterra reviews and Oracle Financials Cloud G2 reviews.
While Oracle Financials Cloud offers robust features and integrations, some reviewers express concern about its cost, particularly for licensing and deploying multiple modules. Others mention it as a "value for money" solution, especially for larger companies. Potential users should carefully evaluate pricing against their needs and budget.
Users sentiment
Oracle Financials Cloud alternatives
Oracle Financials Cloud FAQ
Oracle Financials Cloud is a comprehensive, cloud-based financial management suite. It automates key financial processes, providing real-time insights for improved decision-making, increased efficiency, and reduced costs. It's suitable for medium and large businesses across various industries.
What is Oracle Financials Cloud and what does Oracle Financials Cloud do?
Oracle Financials Cloud is a comprehensive, cloud-based financial management suite. It automates key financial processes, providing real-time insights for improved decision-making, increased efficiency, and reduced costs. It's suitable for medium and large businesses across various industries.
Oracle Financials Cloud integrates seamlessly with other Oracle products. However, users have reported difficulties integrating with third-party products, which can limit flexibility for businesses relying on diverse software solutions.
How does Oracle Financials Cloud integrate with other tools?
Oracle Financials Cloud integrates seamlessly with other Oracle products. However, users have reported difficulties integrating with third-party products, which can limit flexibility for businesses relying on diverse software solutions.
Top alternatives to Oracle Financials Cloud include SAP S/4HANA Cloud, NetSuite, and Acumatica. These competitors offer similar financial management capabilities, often with more flexible deployment options and pricing structures. Some are better suited for specific industries or company sizes.
What the main competitors of Oracle Financials Cloud?
Top alternatives to Oracle Financials Cloud include SAP S/4HANA Cloud, NetSuite, and Acumatica. These competitors offer similar financial management capabilities, often with more flexible deployment options and pricing structures. Some are better suited for specific industries or company sizes.
Yes, Oracle Financials Cloud is a legitimate, comprehensive financial management suite. It's suitable for midsize to large businesses and offers robust features, including AI-driven analytics, but can be costly and complex.
Is Oracle Financials Cloud legit?
Yes, Oracle Financials Cloud is a legitimate, comprehensive financial management suite. It's suitable for midsize to large businesses and offers robust features, including AI-driven analytics, but can be costly and complex.
I cannot find pricing details for Oracle Financials Cloud. Contact Oracle sales for a personalized quote based on your business needs. Consider exploring alternative financial software if budget is a primary concern.
How much does Oracle Financials Cloud cost?
I cannot find pricing details for Oracle Financials Cloud. Contact Oracle sales for a personalized quote based on your business needs. Consider exploring alternative financial software if budget is a primary concern.
Customer reviews on Oracle Financials Cloud's support are mixed. Some users appreciate the integrated system and available resources, while others find support lacking, especially for complex or customer-specific issues. A few users mention slow response times and unhelpful support interactions.
Is Oracle Financials Cloud customer service good?
Customer reviews on Oracle Financials Cloud's support are mixed. Some users appreciate the integrated system and available resources, while others find support lacking, especially for complex or customer-specific issues. A few users mention slow response times and unhelpful support interactions.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.
An AI tool that observes your work, finds inefficiencies, and suggests smarter ways to do things. Maybe you can use your tools better, automate tasks, or switch software.