Financials

Accounting Hub

• See Accounting Hub product details
• Read the Accounting Hub data sheet (PDF)
• What is Accounting Software?

Enterprise-wide accounting platform

Establish a strong foundation for financial processes, corporate accounting, and financial reporting with this enterprise accounting and finance platform.

Harmonized accounting data

Harmonize accounting from disparate ERP and transactional systems. Create consistent, standardized accounting for disparate ERP systems using an enterprise-wide chart of accounts.

Trusted financial information

Create a single source of financial truth that your corporate accounting and fp&a teams can rely on.

Adaptable centralized accounting

Quickly adapt centralized accounting rules as company policies evolve and new accounting standards take effect.

Rich financial business partnering

Provide deep insight into operational results by analyzing financial information from many sources, including ledgers, subledgers, and supporting references.

Powerful accounting engine

Handle high transaction volumes with a powerful and centralized accounting engine that delivers unmatched processing speed.

Payables and expenses

Control cash outlays

Put excess cash to work faster by offering dynamic discounts for early payment to recommended suppliers, powered by integrated Oracle AI apps for ERP.

Establish touchless invoicing

Eliminate the time-consuming drudgery and errors of manual invoice entry and matching.

Save on operating cost with shared services

Eliminate redundant payables services with centralized invoice and payment processing.

Accelerate expense management

Simplify expense reporting with digital assistant, mobile expense entry, automated spend controls and smart auditing.

Receivables and cash

Put cash to work faster

Optimize cash management and generate timely insights into your cash position by automating cash-intensive financial processes and speeding up invoice processing with automatic invoice matching.

Increase accuracy in cash forecasting

Get rid of monthly, spreadsheet-based cash forecasts and use predictive algorithms to automatically generate a daily cash forecast.

Improve customer loyalty with personalized service

Upgrade your customer experience with self-service billing, tailored payment options, credit scores and profiles, as well as collections strategies.

Easily configure services and meet your customer’s pricing needs

Configure the right mix of products or services and create accurate, professional quotes.

Simplify management of contracts, billing, and revenue

Manage Subscriptions, renewals and upgrades with a fully integrated, cloud-based subscription management system.

Automate revenue recognition calculation

Meet IFRS 15/ASC 606 standards and avoid headaches from determining when to recognize revenue and for how much.

Asset and lease management

Automate the entire asset lifecycle

Move from manual to automation in managing asset acquisition, capitalization, depreciation, and retirement.

Support multiple tax depreciation strategies

Minimize your tax burden while meeting regulatory tax requirements, including IFRS, GAAP, federal, state, AMT, and more.

Reduce accounting complexity

Meet ASC 842 and IFRS 16 standards throughout the lifecycles of right-of-use assets and leases, including inception, amendments, and terminations.

U.S. Federal Financials

• Oracle for Federal Government
• U.S. Federal Financials Solution Overview (PDF)

Automate US federal accounting

Improve accounting accuracy by automating manual, error-prone processes to meet federal accounting requirements.

Improve financial reporting

Increase data confidence to promote clean audits and out-of-the-box treasury reporting.

Reduce operational costs

Eliminate manual effort with built-in support for Prompt Payment Act requirements, System for Award Management, and payment processing with treasury exchanges.