Oracle Cloud Financials Features

Oracle Cloud Financials

The New Standard for Finance

4.09/5 (46 reviews)

Competitor Feature Comparison

Accounting
Activity Dashboard
Alerts/Notifications
Approval Process Control
Asset Lifecycle Management
Audit Management
Audit Trail
Bank Reconciliation
Billing & Invoicing
Budgeting/Forecasting
Cash Management
Client Management
Collaboration Tools
Collections Management
Communication Management
Compliance Management
Configurable Workflow
Consolidation/Roll-Up
Contact Management
Contract/License Management
Dashboard Creation
Data Storage Management
Data Visualization
Email Management
Expense Claims
Expense Tracking
Financial Analysis
Financial Management
Financial Reporting
Fixed Asset Management
Forecasting
General Ledger
Income & Balance Sheet
Invoice Management
Invoice Processing
Live Chat
Mobile Access
Monitoring
Multimedia Support
Performance Management
Policy Management
Preview Functionality
Prioritization
Process Control
Profit/Loss Statement
Project Accounting
Quotes/Estimates
Real Time Data
Receipt Management
Reporting/Analytics
Revenue Recognition
Risk Management
Secure Data Storage
Task Management
Tax Management
Third Party Integrations
Transaction History
Trend Analysis
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Learn moreCompare App
Accounting
Activity Dashboard
Alerts/Notifications
Approval Process Control
Asset Lifecycle Management
Audit Management
Audit Trail
Bank Reconciliation
Billing & Invoicing
Budgeting/Forecasting
Cash Management
Client Management
Collaboration Tools
Collections Management
Communication Management
Compliance Management
Configurable Workflow
Consolidation/Roll-Up
Contact Management
Contract/License Management
Dashboard Creation
Data Storage Management
Data Visualization
Email Management
Expense Claims
Expense Tracking
Financial Analysis
Financial Management
Financial Reporting
Fixed Asset Management
Forecasting
General Ledger
Income & Balance Sheet
Invoice Management
Invoice Processing
Live Chat
Mobile Access
Monitoring
Multimedia Support
Performance Management
Policy Management
Preview Functionality
Prioritization
Process Control
Profit/Loss Statement
Project Accounting
Quotes/Estimates
Real Time Data
Receipt Management
Reporting/Analytics
Revenue Recognition
Risk Management
Secure Data Storage
Task Management
Tax Management
Third Party Integrations
Transaction History
Trend Analysis
Vendor Management
Workflow Management
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Accounting
Activity Dashboard
Alerts/Notifications
Approval Process Control
Asset Lifecycle Management
Audit Management
Audit Trail
Bank Reconciliation
Billing & Invoicing
Budgeting/Forecasting
Cash Management
Client Management
Collaboration Tools
Collections Management
Communication Management
Compliance Management
Configurable Workflow
Consolidation/Roll-Up
Contact Management
Contract/License Management
Dashboard Creation
Data Storage Management
Data Visualization
Email Management
Expense Claims
Expense Tracking
Financial Analysis
Financial Management
Financial Reporting
Fixed Asset Management
Forecasting
General Ledger
Income & Balance Sheet
Invoice Management
Invoice Processing
Live Chat
Mobile Access
Monitoring
Multimedia Support
Performance Management
Policy Management
Preview Functionality
Prioritization
Process Control
Profit/Loss Statement
Project Accounting
Quotes/Estimates
Real Time Data
Receipt Management
Reporting/Analytics
Revenue Recognition
Risk Management
Secure Data Storage
Task Management
Tax Management
Third Party Integrations
Transaction History
Trend Analysis
Vendor Management
Workflow Management
Learn moreCompare App

Oracle Cloud Financials Feature Reviews

25 reviewers had the following to say about Oracle Cloud Financials's features:

Anonymous
(Transportation/Trucking/Railroad company, 5001-10000 employees)

Customer payments

2018-12-06

inventory control, client management and supplier management is simplified and automated. one is able to track outstanding bills and overdue invoices .

Pros

Customers can also access their invoices online without having to move to the company.

Cons

Integration with other software is a big problem.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Weekly

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more
Amy A.

Cloud based Financial ERP Solution

2019-05-28

Pros

Oracle Fusion also offers out of box compliance to ASC606 - Reveneue standards. 4.

Cons

Oracle Fusion cannot be customized so any data enhancement has to be done outside Oracle, i.e before interfacing the data.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Daily

Likelihood to recommend

8/10
Source: Capterra
Helpful?   Yes   No
Read more
Sasha H.

Segmented system with poor reporting

2018-10-12

Pros

I like the interface, in that it is very modern, with colorful tiles for the different modules on the homepage.

Cons

I find myself having to run several reports and integrate the data to get the information I need, whereas I should be able to find it all in a single report.

Rating breakdown

Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Daily

Likelihood to recommend

7/10
Source: Capterra
Helpful?   Yes   No
Read more
Isabella H.

Oracle Financials Cloud as the only tool for financial solutions.

2020-11-26

We use the Oracle cloud in our organization for various reasons that are to our liking and it benefits us in quite large quantities, in other outstanding aspects, we can highlight that this program has allowed us to develop very meticulous reports, including that it provides us with help visualizations for big data problems, underlining that Oracle Financials Cloud has guaranteed to create visualizations for all our presentations, which we elaborate frequently, for a dynamic and successful activity.

Pros

Oracle allows the immediate integration of each of the data that a company has, for financial knowledge, and agrees to compare the performance of costs with income, which is a very useful tool, which many organizations keep in mind, Due to the fact that these use options are very prevalent and sophisticated, including that in the cloud through this system, we can visualize several views of the same informative notes, something that is extremely considerable for executives, satisfying different needs, on which they want from their final presentations.

Cons

We can mention that the system can be somewhat complex and difficult for new members who use the software, initially in a short time, which requires more knowledge about the program, for a more fluid management, which the Learning these determinations can become confusing and annoying at the same time, which slows down the work, including that the interface provides very detailed information, which promotes a less understanding about the service.

Rating breakdown

Ease of use
Features
Customer support

Time used: 6-12 months

Frequency of use: Monthly

Likelihood to recommend

8/10
Source: Capterra
Helpful?   Yes   No
Read more
Anonymous
Senior Financial Analyst (Airlines/Aviation company, 10001+ employees)
Verified Reviewer

Oracle Fusion - underdeveloped, slow, awkward and undersupported

2018-09-13

Pros

Not having to purchase server infrastructure is an expense savings.

Cons

We often met with some combination of "why would you need that", "the system will never do that" and "your request will have to wait in line and will be fixed if enough users are concerned" for a number of levels of Oracle sale, support and management. Ultimately our operations are somewhere between 25% and 50% slower than our previous old outdated MS Dynamics system.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Daily

Likelihood to recommend

0/10
Source: GetApp
Helpful?   Yes   No
Read more
alaina m.

oracle financials review

2016-12-11

I like the way it organizes things so clearly and efficiently; it makes expense reporting much easier!

Rating breakdown

Value for money
Ease of use
Features
Customer support
Source: Capterra
Helpful?   Yes   No
Read more
Ganga A.

Great Financials Software

2016-09-30

Robust in SOX compliance

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Daily

Likelihood to recommend

8/10
Source: Capterra
Helpful?   Yes   No
Read more
Jeffrey A C.

Oracle Use

2019-01-24

Pros

Plus the side tool like Discover Report Writing and it Logistic tools.

Cons

The selections that my management made it what they purchased from Oracle and the Support that they provided to use the tool.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Daily

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more
Anonymous
A verified reviewer
Verified Reviewer

Overall ease of use but slow, glitchy, and some features could be better

2018-09-14

Pros

In my position, I mainly use this product to apply customer payments. With that in mind, it is easy to use and is set up well.

Cons

Since my job is mainly posting customer payments and adjusting invoices it would nice to be able to adjust invoices through the Manage Credit Memo Applications feature.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 6-12 months

Frequency of use: Daily

Likelihood to recommend

6/10
Source: GetApp
Helpful?   Yes   No
Read more
Parimal S.

Best in class financials product

2016-10-02

Great finance domain features, ease of configurations, user friendly, easy integrations to 3rd party systems, decent reconciliations, seamless integrations to OM, SCM, Billing, Projects and other business functions.

Rating breakdown

Value for money
Ease of use
Features
Customer support
Source: Capterra
Helpful?   Yes   No
Read more
Aaron C.

Great Financial Tool

2018-12-11

Pros

Ability to have all your time management needs in one software.

Cons

Wish the calendar had more options to be able to customize what you see.

Rating breakdown

Ease of use
Features

Time used: 2+ years

Frequency of use: Weekly

Likelihood to recommend

5/10
Source: Capterra
Helpful?   Yes   No
Read more
Anonymous
(Electrical/Electronic Manufacturing company, 51-200 employees)

Oracle Apps Techno Functional Consultant.

2018-09-28

Pros

Easy to use, access, real time ERP system.

Cons

Some functionality are not good but over all I like it.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Weekly

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more
Justin N.

Cumulative Financial Reporting for Multiple Entities Reporting as One

2021-07-23

Our overall experience with Oracle Cloud Financials has been very positive. While there is a slight learning curve to become proficient using the software, almost all of our professional staff were comfortable using it within the first week of going live.

Pros

The Finance Team liked that the FCCS platform was hosted "in the cloud" so that multiple people across different locations could be in the software at the same time, posting journals, updating trial balances, and printing financial statements at the same time.

Cons

This required a lot of manhours reconciling activity spreadsheets from prior periods.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Occasionally

Likelihood to recommend

8/10
Source: Capterra
Helpful?   Yes   No
Read more
Mark F.

Hard to believe this is a modern day tool

2017-11-27

It has allowed for deep reporting but it is a struggle at the micro level just to tell what you have bought.

Pros

I like the reporting our team has been able to build.

Cons

The interface is a challenge.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Weekly

Source: Capterra
Helpful?   Yes   No
Read more
Anonymous
(Retail company, 501-1000 employees)

Oracle Financials Review

2019-10-30

Overall, I have had a very good experience using Oracle Financials as a tool and would definitely recommend it to my colleagues.

Pros

Dashboards and inbuilt analytics are very helpful.

Cons

Better support is definitely recommended. Documentation can be more intuitive with more diagrams, pictures etc.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Weekly

Likelihood to recommend

8/10
Source: Capterra
Helpful?   Yes   No
Read more
nitish b.

Perfect virtual manager

2018-10-27

I think it is really a perfect software for the financial management. I recommend this software for financial management.

Pros

The most important thing like about this software is the user interface and ease of using it.

Cons

It is little expensive to maintain. It looks little confusioning for the new users.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 6-12 months

Frequency of use: Daily

Likelihood to recommend

8/10
Source: Capterra
Helpful?   Yes   No
Read more
Anonymous
(Financial Services company, 501-1000 employees)

Easily configurable Financial Management System

2018-05-10

Useful FMS with easy access with many configurable features

Pros

Oracle Financials Clouds supports business process automation and is easily configurable to meet business workflow processes.

Cons

Can be difficult to work with in remote areas because of the inability to connect to the Oracle Cloud. The price per user is also high

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Daily

Likelihood to recommend

9/10
Source: Capterra
Helpful?   Yes   No
Read more
Anonymous
(Financial Services company, 5001-10000 employees)

Efficient, but full of errors

2019-05-16

Overall experience is negative.

Pros

Oracle Financials Cloud can be fast. My institution needed something more efficient and we DID achieve that with OFC.

Cons

It is not very user-friendly and even the reporting feature glitches out frequently.

Rating breakdown

Ease of use
Features

Time used: 6-12 months

Frequency of use: Daily

Likelihood to recommend

4/10
Source: Capterra
Helpful?   Yes   No
Read more
Anonymous
(Accounting company, 1001-5000 employees)

Great financial management solution

2019-04-05

Pros

I really like this because it allows you to view everything in real time and being on the cloud allows easy access.

Cons

Like all software, it takes a little time to get used to the features.

Rating breakdown

Ease of use
Features

Time used: 6-12 months

Frequency of use: Weekly

Likelihood to recommend

9/10
Source: Capterra
Helpful?   Yes   No
Read more
Piyush J.

Software Engineee

2016-10-08

In Oracle Financial Software Services , I worked with a CITI Project CLUE which was Risk Management Tool used for CITI Clients for determining risk factor and other transactional activities. I was responsible for the Automation , Manual testing and Functional requirement gatherings.

Pros

I have very keen interest in this Software which could deal with Programming . I am quick learner , I have tried to do something productive throughout my career till date.

Cons

It should not be dependent on schema which makes it high dependency

Rating breakdown

Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Daily

Likelihood to recommend

9/10

Recommendations to others considering Oracle Cloud Financials

No

Source: Capterra
Helpful?   Yes   No
Read more
Dan K.

Cumbersome

2017-06-12

It's system of record, no choice.

Pros

System of record; maintains and help manage financial records; It maintains records and the workflow is some what intuitive; everyone at the company knows about the system, despite its user unfriendeliness.

Cons

Two many click through; too many level of windows.options; I wished it is easier to gather the data once they are included in the system; too many versions (web and client versions); doesn't work well with other web applications

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Daily

Likelihood to recommend

3/10
Source: Capterra
Helpful?   Yes   No
Read more
Ahmed S.

Oracle is one of the largest and most important information technology companies in general and data

2021-08-23

Save a lot of time and don't need experience in dealing

Pros

fast and easy Smooth operation interface

Cons

It needs a strong internet speed It takes time to load

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Daily

Likelihood to recommend

6/10
Source: Capterra
Helpful?   Yes   No
Read more
Kate R.

Verified Reviewer

A complex software that is glitchy and needs improvement

2018-05-10

Pros

If you have no choice but to use it, it does have the features needed for contract management and such.

Cons

It is difficult to train for, the number of clicks it takes to do a single task is horrendous, the software is glitchy and one simple error becomes something not so simple after all.

Rating breakdown

Ease of use
Features

Time used: 6-12 months

Frequency of use: Daily

Likelihood to recommend

4/10
Source: GetApp
Helpful?   Yes   No
Read more
Anonymous
(Government Administration company, 10001+ employees)

Oracle Financials

2019-08-28

Oracle is used for General Ledger, Accounts Payable, Accounts Receivable and Purchasing.

Pros

Flexibility and easy to customize One of the top ERP systems so many people are familiar with using Not hard to learn My Oracle Support is good for searching on similar issues

Cons

Support isn't always the best. Sometimes you need to talk with someone rather than just opening an SR Not always intuitive when working through screens The modules had been created by people in the industry when this first came out, but now enhancements/changes are made by IT people and some of the setups do not make sense

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Daily

Likelihood to recommend

8/10
Source: Capterra
Helpful?   Yes   No
Read more
Amanda S.

Oracle Financials Cloud Review

2018-10-10

Pros

Oracle Financials Cloud is great for pulling data all from one place.

Cons

It can be a little confusing at first to pull the data.

Rating breakdown

Ease of use
Features

Time used: 1-2 years

Frequency of use: Occasionally

Likelihood to recommend

8/10
Source: Capterra
Helpful?   Yes   No
Read more