Financial Services Accounting Hub

Oracle Financial Services Accounting Hub (FSAH) allows you to efficiently create detailed, auditable, reconcilable accounting from a variety of source systems. It includes a robust transformation engine with extensive validations plus accounting and rules repositories. The transformation engine consistently enforces accounting policy. The repositories provide centralized control, detailed audit trails, and allow you to simultaneously meet diverse corporate, management and reporting requirements. It is part of the Oracle E-Business Suite, an integrated set of applications that are engineered to work together.

Oracle Financial Services Accounting Hub is part of the Oracle E-Business Suite, an integrated set of applications that are engineered to work together.

• Efficiently Create Accounting for Multiple, Heterogeneous Source Systems—Oracle Financial Services Accounting Hub provides a flexible rules builder for users to create accounting methods various accounting events once and then deploy them many times for different source systems.
• Quickly Update Accounting Rules to Meet New Requirements—Changes in accounting regulations or corporate structure are quickly accommodated with effective dating of rules. The dates of inbound events are used to determine how to create accounting.
• Rapidly Integrate New Systems—The rules engine allows users to separately define and reuse setups for each component of a journal entry such as the journal lines, descriptions, and summarization criteria. These setups can be reused to rapidly integrate new source systems into FSAH.
• Accelerate the Monthly Close—Sophisitcated error and exception handling provides prompt resolution of accounting errors. Users can quickly isolate, research, and resolve exceptions with business oriented exception management and on-line inquiries.
• Enhance Internal Controls and Auditability—The centralized architecture of Oracle Financial Services Accounting Hub provides a an internal control structure to ensure successful audit and compliance reviews.