High-level comparison of Fusion Financials with Oracle R12 Financials
For many of the capabilities that exist in Oracle EBS R12 Financials, Fusion Financials has a different way of meeting the same functional requirements. Some examples are Responsibilities and Security, Setup, and Reporting which are quite unlike EBS. Fusion handles these three areas in a much better way than EBS. However, they are significantly different in Fusion, and it’s not just a simple mapping or translation exercise to understand the differences. Fusion Financials is an entirely different solution combining the best attributes of Oracle’s various business software lines to deliver next-generation ERP applications that are service-enabled, easily integrated into a service-oriented architecture and made available through a SaaS model.
Oracle R12 Financials provides organizations with the comprehensive solution they need to standardize financial processes throughout the company. Using Oracle as a single platform for all financial data gives them the foundation they need to keep the company on a solid financial footing. The key features of Oracle R12 Financials giving organizations competitive advantages are:
• Slash the cost and time needed to bill and collect expense receipts
• Establish uniform revenue recognition standards
• Reduce costs with standardized procurement procedures
Oracle Fusion Financials bundle the best features from Oracle’s JD Edwards, E-Business Suite, PeopleSoft and Siebel systems. One of Fusion’s biggest advantages is its ability to use pre-packaged master data synchronization integrations which balance the information exchange between Oracle EBS and Fusion Applications to meet real-time requirements.