Orbit’s Data Pipelines are ideal for Integrating Data from Oracle Cloud Financials

For finance teams at most organizations, driving efficiency into the decision-making process has become paramount. Leaders in finance rely on solutions like Oracle Cloud Financials to increase their ability to shorten reporting cycles, forecast financial projections with greater accuracy, and improve their ability to manage risk and compliance.

Key Features of Oracle Cloud Financials

Oracle Cloud Financials serves as the primary hub for harmonizing all finance and accounting data. It serves as a “single source of financial truth” that your accounting and FP&A (financial planning and analysis) teams rely on. Some of its key features include the ability to manage the following:

• Reporting & Analytics
• Easy access to payables and assets
• Receivables monitoring and tracking
• Revenue management
• Expense and cost tracking
• Seamless management of collections
• Compliance and statutory reporting

Reporting Tools for Oracle Cloud Financials: Know Your Options

Oracle Cloud Financials comes with some in-built reporting and analytics capabilities. It offers modern dashboards, making it easy for finance teams to find information or generate reports. Specifically, it enables the following:

• Managing all period close tasks, including ledgers and sub-ledgers, sub-ledger reconciliations, journal entries
• Conduct analytics on general ledger account balances
• It is possible to drill down to analyze more granular information
• Setup role-based dashboards for various users within the organization

Some of the other reporting tools that are popular are SmartView, BI Publisher and OTBI.

Smart View: Oracle Hyperion Smart View enables viewing, importing, manipulating, distributing, and sharing financial data in Word, Excel, and PowerPoint formats. A comprehensive tool, it facilitates using the Excel environment for creating and refreshing spreadsheets for real-time account balancing and interactive analysis.

OTBI: OTBI is a flexible tool that enables finance teams to generate their own reports from Oracle Cloud Financials. They can do this without relying too much on the IT department, thanks to its self-service features. It provides real-time insights on corporate finance and accounting data – including the status of payables, receivables and cashflow situation. 

BI Publisher: Finance teams sometimes rely on Oracle Business Intelligence Publisher (BI Publisher) to generate invoices, purchase orders, customer correspondence reports, etc. Essentially, this allows the creation of reports in a specific format after extracting data from Oracle Cloud Financials. 

Why Orbit’s Data Pipelines are ideal for data integration from Oracle Cloud Financials

We believe that Orbit’s Data Pipelines is an ideal and easy-to-use solution to move data from Oracle Cloud Financials to a centralized data warehouse for financial reporting and business intelligence.

Orbit’s pre-built connectors seamlessly integrate with Oracle Cloud Financials. Subsequently, this data can be moved into the centralized warehouse (if you don’t have your own, Orbit offers a warehouse as well) using Orbit’s Data Pipeline. Once the data is in the central warehouse, finance users can use Orbit’s Financial Reporting Solution, in addition to other tools or on a standalone basis.

Orbit’s Data Pipelines enable the following:

• Combine data from Oracle Cloud Financials, ERP, CRM and other applications that are relevant for financial reporting, financial planning & analysis.
• Ensure data integrity and avoid slippages such as corrupted files or partial migration
• Easy to integrate with modern SaaS platforms used for revenue management, subscription billing, etc.
• Schedule data sync jobs
• Eliminates the need to invest in expensive data warehouses or ETL tools
• Our ELT pipelines are designed for highly reliable data delivery. Our engineers have designed these pipelines to offer pre-built schemas and handle schema and API changes

Once the data is moved, Orbit’s Financial Reporting solution make the following simple and intuitive.

Orbit’s GLSense is a purpose-built solution for finance teams

It makes it easy to bring data in data from multiple sources – Oracle Cloud Financials, Netsuite, Oracle EBS and others, and it expedites the reconciliation and close process.

Its specific capabilities include:

• Prepare financial statements within Excel, while at the same time managing the complexity associated with managing real-time financial data on spreadsheets
• Orbit’s GLSense lets users access all General Ledger Segments, Accounts and Functions to produce financial analyses and statements in minutes
• Performing ad hoc GL Account Analysis is quick and efficient
• Facilitates faster period closing
• Enables quick analysis – by offering hundreds of pre-built sub-ledger drill-down reports for modules like Accounts Payable, Accounts Receivable, Fixed Assets, Inventory, Purchasing
• Integrates with multiple ERPs including Oracle EBS, Oracle Cloud ERP (Fusion), NetSuite, PeopleSoft, JDEdwards

To know more about Orbit’s Financial Reporting Solution, visit: https://www.orbitanalytics.com/financial-reporting/

For more information on Orbit’s ability to integrate with Oracle cloud applications, visit: https://www.orbitanalytics.com/oracle-cloud-applications-integration/