Oracle practice
Oracle Financials implementation
Fusion Financials is built on a few decisions that are hard to undo: the enterprise structure, the chart of accounts and the accounting method. We make those with your finance team before configuring anything else.
What organizations bring us
Finance teams usually come to Fusion from E-Business Suite or a smaller system. The screens differ, but the larger change is design. A single chart of accounts with segment hierarchies replaces several local charts. Subledger Accounting decides how every subledger event becomes a journal. Data access sets decide who sees what.
Mistakes in these areas show up late, usually when the first real close reveals that a report cannot be built or an entity cannot be reconciled. We reduce that risk by designing with real trial balances, prototyping with real transactions and running parallel closes before go-live.
Financials areas
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General Ledger and structures
Ledgers, legal entities, business units, charts, calendars, journals, approvals, revaluation and translation.
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Subledger Accounting
Accounting methods, journal line and account rules, mapping sets and the create-accounting process.
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Payables and payments
Invoices, approvals, holds, tolerances, payment process profiles, bank formats and supplier controls.
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Receivables and collections
Transaction types, auto-accounting, receipts, lockbox, collections and customer accounts.
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Fixed Assets
Books, categories, depreciation, mass additions, retirements and tax books.
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Cash and bank reconciliation
Bank accounts, statement import, reconciliation rules, cash forecasting.
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Tax
Regimes, rates, rules, registrations and third-party tax engine integration.
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Intercompany and consolidation
Intercompany transactions, balancing, reconciliation and eliminations.
Implementation and migration services
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Design workshops
Enterprise structure, chart of accounts, accounting rules and close process agreed with finance leaders.
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Configuration and prototyping
Setup through configuration packages, tested with real trial balance data.
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Conversion
Open items, balances, assets and suppliers converted with reconciliation to source.
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Integrations
Banks, tax engines, expense tools, billing and payroll connected through Oracle Integration or files.
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Reporting
Financial Reporting Studio, Smart View, OTBI and BI Publisher reports rebuilt from the list finance actually uses.
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Close support
Parallel closes before go-live and the first closes after.
Common use cases
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Consolidating several ERPs into one ledger design
A group with different charts and calendars agrees one global chart, with local statutory adjustments through secondary ledgers.
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Statutory and management reporting from one source
Primary and secondary ledgers and reporting currencies produce local GAAP and group views from the same transactions.
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Shared service center payables
One payables team serves several business units with approval routing, payment rules and supplier onboarding controls.
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Bank connectivity and reconciliation
Statement formats from several banks are imported and matched automatically, with exceptions routed to treasury.
How a project runs
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Discover
Current state, pain points, structure and volumes.
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Design
Enterprise structure, chart, accounting method and close calendar.
- 3
Configure and prototype
Set up with real data and demonstrate to finance.
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Convert
Rehearsal loads with reconciliation to the source ledger.
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Test
Integration, security, regression and user acceptance, including a parallel close.
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Cut over and support
Cutover rehearsal, go-live, hypercare through the first closes.
What you receive
- Enterprise structure and COA design documents
- Subledger accounting rules
- Conversion mapping and reconciliations
- Security role matrix
- Close calendar and task lists
- Test scripts and evidence
- Cutover and hypercare plans
Consultants we place
Staffing is a separate engagement from project delivery. You can use either, or both.
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Oracle Fusion Financials functional consultant
Leads GL, SLA and subledger configuration.
- Enterprise structures
- SLA
- GL
- close
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Oracle Fusion Payables and Receivables consultant
Configures invoice, payment, receipt and collection flows.
- AP
- AR
- bank formats
- tax
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Oracle financial reporting developer
Builds statutory and management reports.
- FRS
- Smart View
- OTBI
- BI Publisher
Questions people ask
Do we need to redesign the chart of accounts?
Usually yes, at least partly. Moving the old chart unchanged keeps old problems and can limit reporting. We assess the current chart with your controller before deciding.
Can Fusion support multiple GAAPs?
Yes, through primary and secondary ledgers and reporting currencies. The design depends on how much the accounting differs and what must be reported locally.
How many parallel closes should we run?
At least one, ideally two or three, with converted data. The first real close should not be the first time you test it.
Related
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Oracle
Oracle Fusion Cloud ERP, SCM and HCM implementations, EBS to Fusion migration, Oracle Integration, reporting and analytics, OCI and database work.
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Oracle data migration
Extract, map, validate, load and reconcile legacy and EBS data into Fusion using FBDI and HDL, with balance-level proof at every cycle.
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Oracle reporting and analytics
Operational reports in OTBI, formatted output in BI Publisher, extracts through BICC, and analytics in Fusion Data Intelligence or Oracle Analytics.
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