General Account
The Oracle General Ledger is the central repository of accounting information. The main purpose of a general ledger system is to record financial activity of a company and to produce financial and management reports to help people inside and outside the organization make decisions.
Oracle General Ledger is a comprehensive financial management solution that enables you to :
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General Ledger Accounting Cycle 1. Open period 2. Create/reverse journal entries 3. Post 4. Review 5. Revalue 6. Translate 7. Consolidate 8. Review/correct balances 9. Run accounting reports 10. Close accounting period |
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Payable Management
As global competition increases, successful companies are improving their margins by lowering the cost of doing business. One way they are achieving this goal is by automating and integrating internal processes. Oracle Payables offers an unprecedented variety of tools for this.
Oracle Payables enables you to automate invoice processing using EDI, XML, and e-commerce. Oracle Payables enforces business rules, automates routing and invoice approval, and leverages joint controls with other Oracle products such as Oracle Purchasing and Oracle General Ledger.
Oracle Payables works with Oracle iSupplier Portal to help suppliers enter and check the status of their own invoices, and enables employees to submit expense report with Oracle Internet Expenses.
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Receivable Management
Oracle Receivables enables your organization to increase cash flow, reduce operating costs, minimize
bad debt, and ensure compliance with accounting guidelines. With Oracle Receivables, you can shorten
your credit to cash cycle, whiledramatically reducing the time and effort required to process customer
Payments and resolve disputes.
Oracle Receivables provides four integrated workbenches that you can use to perform your day-to-day Accounts Receivable operations. You can use the Receipts Workbench to perform most of your receipt-related tasks and the Transactions Workbench to process your invoices, debit memos, credit memos, on-account credits, chargebacks, and adjustments. The Bills Receivable workbench enables you to create, update, remit, and manage your bills receivable.
Each workbench enables you to find critical information in a flexible way, see the results in your defined format, and selectively take appropriate action. For example, in the Transactions Workbench, you can query transactions based on the bill-to or ship-to customer, currency, transaction number, or General Ledger date. You can then review financial, application, and installment information, perform adjustments, create a credit memo, or complete the transaction. All of the windows you need are accessible from just one window, so you can query a transaction once, then perform several operations without having to find it again.
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Oracle Cash Management
Evosys’ Cash Management solution is built on Oracle Cash Management and is part of Oracle’s Cash and Treasury Management solution; it’s a comprehensive enterprise-wide solution for managing liquidity and controlling cash. Oracle Cash Management gives you direct visibility into expected cash needs and forecasted cash receipts. You can quickly analyze enterprise-wide cash requirement and ensuring liquidity and optimal use of cash resources. Oracle Cash management gives real-time, accurate cash position and forecast information so you can plan payment runs and major disbursement appropriately.
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Oracle Fixed Assets
Oracle Assets simplifies asset management and accounting complexities. It lowers the cost of asset ownership and secures your assets while giving you a global view. Oracle Assets maximizes the return on your global assets. Oracle Assets streamlines your operations and simplifies the management of capital investments with unprecedented integration, automated business flows. These processing efficiencies can reduce you business cost and improve accuracy of fixed assets transactions and accounting.
Key Feature:
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Oracle Financial Intelligence
Oracle Financial Intelligence is designed to give organizations insight into the factors underpinning their profitability, performance, revenue and costs. Evosys solution is quick to implement with less risk and cost than traditional BI solutions and is tightly integrated with Oracle E?Business.
Oracle Financial intelligence is one component of Oracle BI Applications covering General Ledger, Accounts Payable, Accounts Receivable and other financial modules. Hundreds of key performance indicators and many reports enable financial managers to improve cash flow, lower costs, and increase profitability whilst maintaining more accurate, timely, and transparent financial reporting
Key Benefits
Enterprise Planning and Budgeting
Evosys offers implementation and support for Oracle’s Hyperion Planning, which is a centralized, Excel and Web-based planning, budgeting and forecasting solution that integrates financial and operational planning processes and improves business predictability. Oracle Hyperion Planning provides complete insight at business operations and its related impact on financials, by cohesively integrating financial and operational planning models. With our implementation of Hyperion Planning you can meet your immediate financial planning needs while enabling a platform for future cross-functional expansion and automated process integration.
Key Benefits of Oracle Hyperion Planning are-
Oracle Hyperion Public Sector Planning and Budgeting is a purpose built planning, budgeting and forecasting application for the public sector with a pre-built modelthat supports:
Demand Forecasting
Demand forecasting is the activity of estimating the quantity of a product or service that consumers will purchase. Demand forecasting involves techniques including both informal methods, such as educated guesses, and quantitative methods, such as the use of historical sales data or current data from test markets. Demand forecasting may be used in making pricing decisions, in assessing future capacity requirements, or in making decisions on whether to enter a new market.
Oracle's Value Chain Planning solution enables companies to become more information-driven with best-in-class supply chain planning applications built around a core of optimization, sales and operations planning, and performance management. JD Edwards EnterpriseOne leverages the extensive offerings of Oracle Value Chain Planning through Oracle's Applications Integration Architecture (AIA).
Using Oracle Value Chain Planning, you can move beyond basic MRP to profitably balance supply and demand, optimize operations to minimize costs, and manage supply chain risk for resiliency and maximum performance in today's rapidly changing global business conditions.
Leverage global demand management to sense local demand volatility, and use these insights to improve business forecasts and build a consensus plan that aligns sales, marketing, finance and operations. With unique capabilities to shape demand, simulate alternative business scenarios and manage risk, Value Chain Planning provides the core of Integrated Business Planning to ensure operations are aligned to meet corporate financial goals.
Oracle's Demantra Demand Management helps you maximize profitability with superior capabilities to better sense, shape, and respond to demand. Automated analytics ensures that your plans are based on the most accurate, forward forecasts without the need of statistical knowledge. The result is a demand-driven organization with higher service levels and sales, more satisfied customers, and lower inventory and distribution costs.
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Workforce Planning
Evosys’ implementation and support for Oracle Hyperion Workforce Planning facilitates organizations to makes headcount, salary, and compensation planning fast and efficient across the enterprise. Designed with pre-built functionality and best practices that are ready to use right out of the box, it simplifies the planning of workforce and workforce related expenses, such as bonuses, fringe benefits, overtime and merit increases. It also automatically and seamlessly links your workforce expense plans into Oracle Hyperion Planning Plus, to deliver accurate and real-time awareness of the business impact of your workforce decisions on your overall expense plans.
Key benefits of Oracle- Hyperion Workforce Planning are-
Capital Asset Planning
Evosys’ implementation and support for Oracle Hyperion Capital Asset Planning, software is a specialized planning module that automates the planning of capital assets and capital asset related expenses, such as depreciation, maintenance and insurance. Oracle Hyperion Capital Asset Planning includes pre-built functionality and best practices that easily plan for all your capital expenses. It is also directly linked to Oracle Hyperion Planning Plus, so you can immediately assess the impact of your capital expenses on your overall expenses and financial statements.
Key benefits of Oracle- Capital Asset Planning are-