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Financials Management

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 :

  • Record and Review Accounting Information
  • Import data from subsidiary ledgers, or enter journals to record actual or budget
  • transactions directly into Oracle General Ledger.
  • Enter encumbrance journals (Proactive budgetary control) to track encumbrances through the purchase process and to control spending against budgeted amounts.
  • Review account balances online or through reports.
  • Manipulate Accounting Information
  • Correct actual, budget, and encumbrance information.
  • Revalue and translate balances denominated in foreign currencies.
  • Consolidate balances from multiple sets of books.
  • Analyze Accounting Information
  • Integrate Oracle General Ledger with Oracle Financial Analyzer, Oracle Discoverer, Applications Desktop Integrator or other BI tools to simplify the budgeting, forecasting and account analysis process.
  • Quickly prepare what if analyses and pro forma reports

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:

  • Calculating depreciation through various method
  • Depreciation forecast
  • What if kind of depreciation calculation
  • Physical inventory
  • Automatic calculation of retirement gain or loss
  • Flexible categorization of assets
  • Addition, splitting and merging of assets
  • Assets revaluation
  • Assets transfers
  • Assets adjustments
  • Tax book calculations

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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

  • Secure, role based access to accurate and timely financial information helps improve decisionmaking.
  • Increase cash flow and working capital through more effective receivables, payables and inventory management.
  • 100% web based dashboards and ad?hoc reporting designed for end users.
  • Guided navigation helps provide insight to action e.g. “what should I do now based on current events”.
  • Less cost, risk and quicker implementation than a traditional “build it yourself” Business Intelligence solution.
  • Automatic alerting of key events to users’ dashboards and mobile devices.
  • Drill back from the BI Applications to E?Business transactions data using “Action Links”.
  • Integration with Microsoft Office and other products e.g. Download data to Excel, Print as Adobe .PDF, etc.
  • Developed and supported by Oracle for 11i and R12 E-Business Suite installations.

Enterprise Performance Management

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-

  • Shorter planning cycles (which translate to improved responsiveness)
  • More tightly aligned operations and strategies
  • More-predictable financial performance (despite changing conditions)
  • Instant access to information across departments and at any level of granularity
  • Improved accuracy
  • Involvement of nonfinancial employees in planning and budgeting
  • Better decision-making through what-if scenarios
  • Clearer insight into how business plans will impact the balance sheet and cash flow

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:

  • Rich position and employee budgeting
  • Calculation logic and rules to support processes such as allocation of positionbudgets to general ledger accounts
  • Pre-built budgeting templates and task lists to guide users through the budgetingprocess flows
  • Configurable budgetary review and approval hierarchies and process flows
  • The ability to easily assemble multi format budget reports and books that havelive connections with the data in the budgeting system.

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.

  • Automated forecast analytics—uses mixed model approach to ensure out-of-box forecast accuracy
  • Real-time forecast capabilities—allows planners to get instant answers even in the most data-intensive planning scenarios
  • Multidimensional data modelling with flexible data hierarchies—enables up-to-date demand visibility for all departments and makes one-number planning feasible
  • Chaining, attribute-based forecasting, and shape modelling —predicts new product demand and product phase-out while reducing the overall planning effort
  • Dashboards, automated exception management, and workflow—quickly respond to changing market conditions
  • Web-based, real-time internal and external collaboration, with role-based security—monitor and respond in real time
  • Rapid implementation—faster time to benefit and greater return on investment

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Oracle Demantra

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-

  • Simplify implementation and reduce maintenance requirements with prebuilt functionality
  • Address all workforce planning requirements with a fully flexible and open architecture
  • Achieve greater accuracy, predictability, and accountability through detailed headcount, salary and benefit planning
  • Assess real-time impact of salaries and associated workforce expenses
  • Reduce workforce planning cycle time by eliminating dependency on spreadsheets

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-

  • Simplify implementation processes and reduce maintenance requirements
  • Manage all capital expenses easily, ensure security over data, calculations, and global settings
  • Assess the immediate impact of capital expense decisions on financial statements
  • Achieve greater accuracy, predictability, and accountability by involving operational-level planners
  • Eliminate manual steps by using a comprehensive planning solution

Evosys Financial Analytics