Oracle Fusion Financial Review - why 3.6 stars?

Shlomi Lavi / updated: Mar 22, 2022

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What is Oracle Fusion Financial?

Oracle Fusion is a cloud-based accounting & finance software designed to deliver decisive insights into a companys financial position and profitability with a comprehensive global solution. The software comes with features such as:

• Enterprise-wide Accounting Platform: With this enterprise accounting and finance platform, end-users can lay a solid basis for financial procedures, corporate accounting, and financial reporting.
• Real-time Close Status: Using real-time dashboards, end-users can quickly assess the status of period closing processes such as ledgers and sub-ledgers, reconciliations, journal entries, and more.
• Automated Invoice Processing: Using optical character recognition and imaging, end-users can swiftly import and record supplier invoices. Use the invoices workbench to quickly handle issues with invoices that are not automatically recorded.
• Determine Transactions Prices: Using the sum of performance obligation values in an accounting contract, end-users can automatically calculate the customer contract transaction price.
• Efficient Billing: For subscription, product, and project sales, end-users can quickly generate invoices and credit memos. To address transactions in various phases of the billing process, end-users can go to the billings work area.

Oracle Fusion is an accounting & finance software that started in 1977. The company is headquartered in Austin, Texas, United States. The company has a workforce of more than 10,000 employees.

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Who is it best for?

Oracle Fusion Financial Management is an extensive suite of applications that can be deployed in any business regardless of size and type. The suite has been used in such industries as communication, education and research, media and entertainment, public sector, IT infrastructure, and automotive. Some major customers include Asahi Group Holdings, Ltd. and Escorts Limited etc.

Main features and functionalities

Oracle Fusion Financial Management provides innovative solutions for information access along with real time intelligence services. Various financial accounting and reporting features make possible real time access to financial results for better decision making.

Oracle Fusion Financial Management also offers the features of accounts payable and receivable, general ledger, automated billing, credit card processing, and customizable functionality.

What is the actual cost?

Oracle Fusion Financial Management license pricing starts at $600.00 per user per month and offers a free trial.

ITQlick pricing score is 5.8 out of 10 (10 is most expensive). Access ITQlick pricing guide for Oracle Fusion Financial. You can also find here pricing information from Oracle Fusion Financial's website.

Pros

• Oracle Fusion enables users to connect all modules and create a business formulation plan
• The software allows users to gain access anywhere anytime due to its cloud services
• Users can easily build new forms and reports as per organizational requirements

Cons

• Users complain that the software has a challenging implementation
• More expensive than other accounting and financial software

How it stacks up?

Access a head to head analysis of Oracle Fusion Financial vs alternative software solutions.

Frequently Asked Questions (FAQs)

Is Oracle Fusion Financial right for you or your business?

With a complete worldwide solution intended for companies of all sizes and industries, end-users can gain definitive insights into their company financial status and profitability with Oracle Fusion. Users in industries like Engineering, consumer goods, financial services, food & beverage, government and education, healthcare, high technology can use Oracle Fusion Cloud Financials to help fulfill their finance team and company goals. David Jones, EmblemHealth, HSBC, Orange, Scottish Water, Western Digital are examples of customers using Oracle Fusion.