Oracle Applications Financials – Part 3

Prasad Patkar

Delivery Manager at Clover Infotech Ltd.
14+ years of extensive experience in IT on
implementing and delivering ERP solutions for global businesses.

for contribution write to
Prasad Patkar

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In previous article we saw architecture of Oracle Applications Financials and benefits of using it.

Taking it one step further in depth of Oracle Applications Financials to understand different modules in it and how they are integrated to each other.

Oracle Applications helps you run your enterprise business and automate processes such as Accounting, Humans Resource, or Financials.

Oracle Applications Server forms a part of Oracle’s middle ware technology stack, mostly installs on the server, integrates others software to work together, whereas  Oracle Applications comes with modules like Financials.

Oracle Applications Financials Modules

Oracle Applications has a set of financial applications used across globe by different businesses. Oracle Financials suite consists of different modules as follows.

  • Oracle Assets
  • Oracle General Ledger
  • Oracle Payable & Receivable
  • Oracle Cash Management
  • Oracle Tabs

Oracle Financial Applications helps to automate following business processes

Procure-to-Pay business process flow involving activities such as procurement, purchasing, making payment to Suppliers and subsequent accounting.

Order-to-Cash business process flow involves activities such as Customer Orders, Order fulfillment, receiving payment from Customers & subsequent accounting.

Oracle Applications Data Integration

Key feature of Oracle Applications ERP package is Data Integration.

Master Data Integration
All the applications share common files of customers, supplies, employees, items and other entities that are used by multiple applications

Transaction Data Integration
Oracle automatically bridge transactions from one system to another.

Financial Data Integration
Financial data is carried in common format, and financial data is transmitted from one application to another.

Following image depicts how different modules in Oracle Applications  are stacked up in a suite.

Following image depicts general workflow of Oracle Financials.

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