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Oracle Modern Best Practice for Banking—Finance
- Overview
- Fixed Asset
- Banking Transactions
- Expense Report
- Supplier Invoice
Fixed Asset Acquisition to Retirement
Gain more control of your asset management lifecycle by leveraging mobile, social, and analytics. Monitor and interact with your dispersed organizations through web-based applications to manage asset activities and transfer data to the general ledger. With a complete view of your assets and equipment, you can align budgets with actual costs. Take advantage of the cloud for an easy platform to securely collaborate on asset acquisition, deployment, depreciation, retirement, and reinstatement.
Mobile. Analytics. Social.Acquire Assets
Record asset acquisitions at all bank branch or corporate locations via purchases, projects, and contracts. Secure social interaction on open issues, questions, and approvals.
Mobile. Analytics. Social.Recognize and Register
Automatically recognize assets on purchase. Dashboard-driven placement into service with useful life definition and tax valuation.
Mobile. Analytics.Assign Amortization
Automatically calculate depreciation and assign assets to cost center(s) based on predetermined rules. Track depreciation tax breaks and deferrals automatically.
Mobile. Analytics. Social.Derecognition and Disposal
Manage valuations, disposals, derecognition, and retirements in compliance with legal requirements. Maintain accounting and tax position alignment.
Mobile. Analytics. Social.Manage Asset Insights
Actively manage fixed assets via secure, role-based dashboards, allowing centralized monitoring, alerts, reassignment, and period close for all locations. Provide fixed asset data to support tax, statutory, and regulatory reporting.