The COVID-19 pandemic has had a profound impact on the workforce and has led to several productivity losses and an imbalance of finances across various industries and sectors. The disruption it has caused to businesses and organizations, due to several factors such as remote work, illness, and supply chain disruptions is beyond dispute. However, businesses and organizations are now striving to minimize the impact of the epidemic on their business and adopting new strategies to mitigate these losses and improve finances such as switching to flexible work arrangements (remote work and stay-at-home orders) and continuing R&D efforts. Most importantly, they are investing in technology such as the cloud for storing and accessing financial data and applications and managing finances.
Cloud has immense potential to support financial management
Cloud is the future. It has evidently simplified the processes of the organizations as they can now easily move their data & storage servers to the cloud with bare minimum costs. The supremacy of cloud computing is the 24*7 accessibility it provides. Yes! You can access all your data including financial data from anywhere & anytime, all you need is an internet connection. Agility is what every business demands in today’s highly competitive & fast-moving market. Cloud platform is just the right answer to your agility and productivity woes. Cloud computing breaks down the complexity of the processes & simplifies it thereby reducing the man-hours.
The data stored on the cloud is highly reliable as it is saved in a centralized place so it minimizes the downtime during server malfunctions. You can store, alter & also modify the financial data as long as you have the necessary permissions and access controls in place.
Oracle offers a range of cloud applications that are designed to help organizations improve their organizational effectiveness, and agility. These cloud applications cover a wide range of business functions, including enterprise resource planning (ERP), customer relationship management (CRM), human capital management (HCM), supply chain management, and financial management. One of the best cloud-based financial management solutions is offered by Oracle Fusion Cloud Financials. It empowers modern, adaptable finance and has been designed to help organizations improve their financial processes and visibility.
What is Oracle Fusion Cloud Financials and how can it help businesses manage their financial operations
Oracle Fusion Financials is a powerful cloud-based financial management tool that can help businesses manage their financial operations more properly and effectively. It is an integrated suite of all the essential functions of finance including accounts payable/accounts receivables, general ledger, invoicing & payments etc. If you are an IT professional looking to enhance your skills or a fresher who wants to jumpstart a career in finance, Oracle Fusion Financials Training is what you need.
The number-crunching game is no joke, which is why finance people are highly intelligent & respected. There is no room for errors as the entire organization's data needs to showcase the right output, this is where Oracle Financials comes in with its built-in AI that increases the accuracy of the transactions. If you are looking to improve the accuracy of financial data and streamline financial processes, Oracle Financials online training can be your best bet.
Forecasting cannot be done on flawed data, but with Oracle Financials it can be performed easily with real-time analytics. An organization deals with cash inflows & outflows on a daily basis and even a single cash leak can result in a big disaster—however, that risk is minimized by Oracle Fusion Financials. Finance experts rely on the insights they derive from the data, and Fusion Financials assists them in presenting this data in simplified graphical dashboards & data visualizations.
How Oracle Cloud Financials Training can help professionals in Finance enhance their career
Oracle Fusion Financials Training provides a holistic view of the integrated processes such as account payables, ledger, assets, receivables, Manual Reconciliation, comparison, and verification of financial transactions recorded in different systems, Automatic Reconciliation Setup and Process, Type of Fixed Assets Flex Fields which are customizable fields, Creation of Category FlexField, Enter Values in Category FlexField Segments, Defining Fiscal Years Calendar.
Owing to project accounting capabilities, Oracle Fusion Financials can be used in real-time project use cases and can be helpful in managing projects & providing a better understanding about finances. Being a powerful and robust enterprise resource planning (ERP) software, it allows businesses to manage project finances, such as budgets, expenses, and revenue. Due to these reasons, Oracle Fusion Financials Training is highly recommended for working finance professionals. You get to learn about a range of automated processes that help organizations streamline their financial operations. Besides this, you also learn how to analyze the financial data smartly and in a less time-consuming manner. AI-driven analytics & machine learning helps professionals in generating accurate invoices & reports on intercompany transactions while reducing mismatches. Hence it can be helpful in managing projects and supporting project management. By managing projects successfully and achieving the organization’s business goals, you can significantly enhance your career.
The period of financial reporting & closing the books brings a lot of pressure on finance professionals. The sub-ledgers need to be closed accurately and it can be done effortlessly by the end-to-end accounting automation process which includes real-time intelligent monitoring.
Oracle Fusion Financials platform is built on multi-dimensional data that provides an illustrative representation of the account balances on which financial data can be analyzed with ease. The platform makes the lives of working professionals easy by streamlining customers’ daily billing activities, timely collections from the customers to reduce bad debts, and analyzing the outstanding receivables & their health to ensure better collection strategies.
Oracle Fusion Financials is a comprehensive and integrated suite with a global architecture including accounting, tax & payment sub-category that has relevance for every business need across countries & continents. The professionals can leverage this platform to integrate their spreadsheets carrying high-volume data seamlessly and can further upload them on Excel for an easy view. The key offerings namely service-oriented architecture, pre-packed oracle solutions & cloud marketplace makes it a preferred solution ever. The real-time intelligence, predictive insights & comprehensive guidelines enable this platform to be future-ready. Acquire Oracle Fusion certification now to meet the evolving needs of modern finance organizations and support agility, scalability and innovation.
Tech Leads IT is a premier Fusion Financial Training Institute
The market is flooded with ed-tech companies that are offering Oracle Fusion certification. Tech Leads IT is a premier Fusion Financial Training Institute where you can get enrolled for Oracle Fusion Financials training and acquire in-depth knowledge about the comprehensive cloud-based financial management solution. You can learn from the domain experts who are certified, the training sessions are detail-oriented & interactive with real-time implementation projects so where you can deploy the solution in a live environment for a better understanding.
