Oracle E-Business Suite Financials
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Only Oracle E-Business Suite Financials
- Meets global financial reporting (e.g. IFRS) and tax requirements with one accounting, tax, banking and payments model”
- Makes it easy to operate shared services across businesses and regions
- Delivers pre-integrated financial and industry-specific processes
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- "Oracle is refining its strategy in the financial applications market through a number of product enhancements that aim to boost the global appeal and usability factor for both PeopleSoft Enterprise and Oracle E-Business Suite customers." (IDC, Worldwide Financial Applications 2006-2010 Forecast and 2005 Vendor Shares, Dec. 2006)
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| Leverage |
Gain |
Accomplish |
- Highly scalable global shared services
- Flexible Ledger Architecture
- Best practice ERP and industry solutions
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The Most Scalable and Adaptable Financial Processes |
- Reduce costs by automating, centralizing, and standardizing global transactional processes - often through shared services
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- Comprehensive GRC applications
- Best-in-class GRC infrastructure
- Integrated business insight
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The Most Complete Governance, Risk and Compliance Solution |
- Manage enterprise risk and reduce compliance costs with end-to-end processes for governance, risk, and compliance
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- Consistent financial and operational information
- Dynamic planning, budgeting and forecasting
- Multi-dimensional profitability analysis
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The Most Integrated Performance Management |
- Make the right investments in the business with integrated performance management and business intelligence
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| Key Financial Process Benchmarks |
Median |
Best |
| Accounts Payable |
Cost per invoice processed |
$5.18 |
$2.64 |
| # of invoices processed per FTE per year |
7,583 |
12,122 |
| Cost per payment |
$14.66 |
$9.26 |
| Credit to Cash |
Cost per remittance processed |
$4.88 |
$1.84 |
| % of invoices with inquiries |
$3.53 |
$1.30 |
| Days sales outstanding (DSO) |
46 |
30 |
| Travel & Expense |
T&E department cost per expense report |
$15.00 |
$7.35 |
| # of expense reports processed per FTE per year |
2,500 |
5,800 |
| Financial Control & Reporting |
Days to close the books (month-end) |
7 |
5 |
| % of system generated entries |
80% |
94% |
| Financial Analytics |
Budgeting & analysis cost as % of revenue |
0.11% |
0.04% |
| Days to prepare budgets |
75 |
45 |
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1 Source: PricewaterhouseCoopers Global Best Practices
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