Oracle E-Business Suite Financials is a family of products designed to capture and analyze your financial data on a worldwide basis. It is part of the Oracle E-Business Suite, a complete set of business applications that enables corporations to efficiently track detailed business transaction data and turn it into decision making information using a system built on a unified information architecture.

Oracle E-Business Suite Financials includes 19 individual products that cover various aspects of financial management

• Accounting: Oracle Financials Accounting Hub (FAH) allows you to efficiently create detailed, auditable, reconcilable accounting from a variety of source systems. It includes an accounting transformation engine with extensive validations plus accounting and rules repositories. The transformation engine consistently enforces accounting policies. The repositories provide centralized control, detailed audit trails, and simultaneously accommodate diverse corporate, management and reporting requirements.
• Customer and supplier data: Oracle Trading Community Architecture (TCA) is a centralized repository of information about your customers, suppliers, partners, and other entities that you do business with. It provides a single source of truth for your business relationships and enables you to manage complex hierarchies, multiple addresses, contacts, bank accounts, tax identifiers, and other attributes.
• Tax: Oracle E-Business Tax is a comprehensive tax management solution that provides consistent tax policy across the enterprise. It allows you to define tax rules and rates, calculate tax for transactions and invoices, report tax to authorities, and integrate with third-party tax services.
• Payments: Oracle Payments is a payment processing engine that supports multiple payment methods, formats, currencies, and systems. It allows you to securely transmit payment instructions to your banks, receive payment acknowledgments and confirmations, reconcile payments with transactions, and manage cash flows.
• Intercompany accounting: Oracle Advanced Global Intercompany System (AGIS) enables you to create, settle, and reconcile intercompany transactions within or across legal entities. It provides a flexible and automated way to handle intercompany transactions with complex rules, validations, and approvals.

With Oracle E-Business Suite Financials, you can benefit from the following features

• Global view: You can make more informed decisions with a global view of your customers, suppliers, partners, and financial data. You can process and report across multiple national operations with multiple organizations access control. You can also deliver both local compliance and a global corporate view aligned with your governance demands with the new ledgers and ledger sets.
• Rapid integration: You can quickly integrate new systems into Oracle E-Business Suite Financials with the flexible rules builder that allows you to create accounting methods and events once and then deploy them many times for different source systems. You can also reuse setups for each component of a journal entry such as the journal lines, descriptions, and summarization criteria.
• Monthly close acceleration: You can speed up your monthly close process with sophisticated error and exception handling that provides prompt resolution of accounting errors. You can also isolate, research, and resolve exceptions with business oriented exception management and on-line inquiries.
• Internal controls enhancement: You can improve your internal controls and auditability with the centralized architecture of Oracle E-Business Suite Financials that provides an internal control structure to ensure successful audit and compliance reviews. You can also drill from Oracle General Ledger balances to the specific journal lines in the accounting repository that comprise that balance.

Oracle E-Business Suite Financials is a comprehensive solution for modern businesses that need to manage their finances efficiently and effectively. It helps you to better manage your business to the targets that are announced to investors, report to investors and colleagues confidently, meet your obligations in key areas surrounding the numbers, reduce costs and complexity of representing your business in the software, and operate more efficiently with single global access.

To learn more about Oracle E-Business Suite Financials, visit https://www.oracle.com/applications/ebusiness/products/financial-management/.