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Glossary>Accounting>Oracle E-business Suite Financials

Oracle E-business Suite Financials

Oracle E-business Suite Financials is an integrated suite of applications designed to automate and streamline financial management processes, including general ledger, payables, receivables, fixed assets, and cash management. It provides real-time financial data, enhances decision-making capabilities, and ensures regulatory compliance.

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About Oracle E-business Suite Financials

Oracle E-business Suite Financials was developed by Oracle Corporation to address the need for integrated financial management solutions. It was introduced in the late 1980s, evolving through various versions to incorporate advanced functionalities and compliance features. The suite aimed to streamline financial processes, enhance data accuracy, and support better decision-making for businesses.

Strengths of Oracle E-business Suite Financials included comprehensive functionality, strong integration capabilities, and robust reporting tools. Weaknesses involved high implementation costs and complexity in customization. Competitors included SAP ERP, Microsoft Dynamics 365, and Infor CloudSuite Financials.

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How to hire a Oracle E-business Suite Financials expert

An Oracle E-business Suite Financials expert must have skills in SQL and PL/SQL for database management, proficiency in Oracle Forms and Reports for customization, understanding of Oracle Workflow Builder for process automation, and knowledge of Oracle Financials modules such as General Ledger, Accounts Payable, and Accounts Receivable. Familiarity with Oracle Application Framework (OAF) for web-based application development is also essential.

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