Oracle ERP Cloud Finance & Accounting

Core accounting engine for maintaining ledgers, currencies, budgets, and journal entries, with allocations, intercompany processing, and period close built in. Financial reporting and analysis tools sit directly on live ledger balances.

Builds models and automated controls that continuously screen role and access combinations against separation-of-duties rules and scan transactions for policy violations, with results management, visualizations, simulations, and provisioning safeguards.

Runs the invoice-to-pay cycle end to end: capturing supplier invoices, executing payments, and tracking accounts payable balances. Includes cash management and banking functions for settlement.

Supports internal controls over financial reporting by documenting business processes, identifying risks, mapping controls to counter them, and validating everything over time through assessments, surveys, issue tracking, and reports.

Covers the credit-to-cash cycle: customer billing, payment processing, funds capture, receivables balances, credit checks, collections, and revenue handling. Also extends to bills receivable, self-service bill management, and banking.

Invoices customers and recognizes revenue for project contracts, covering contract creation and amendment, contract billing, revenue generation, rate schedules, and billing-related accounting.

Runs scoped certification projects in which reviewers confirm that users' role assignments are appropriate, using either the original or enhanced certifier worksheets.

Manages fixed assets across their full lifecycle, from acquisition and depreciation through transfers and retirement, with dedicated asset accounting and reporting.

Provides costing for supply chain operations, covering receipt accounting, item cost accounting, margin planning, and landed cost so companies understand true product and inventory costs.

Automates the financial flows behind supply chain transactions, defining how intercompany ownership transfers are recorded and monitoring each orchestration event.

Digitizes employee expense management from report entry and approval through audit and reimbursement. Includes travel authorizations, cash advances, corporate card feeds, trip tracking, mobile entry, and a conversational assistant.

Determines and records transaction taxes and withholding taxes across the suite, imports external taxable transactions, and produces tax reports for compliance filings.

Manages sponsored research and grant funding through awards, covering award creation, details, distribution of funding across projects, burdening, and award performance tracking.

Acts as the rules-based accounting layer between transaction subledgers and the general ledger, generating journal entries, supporting adjustments, and maintaining subledger balances and reporting.

Resolves customer deductions and overpayments within Channel Revenue Management, taking claims from creation in receivables through research, resolution, and final settlement.

Automates revenue recognition under ASC 606 and IFRS 15 by identifying customer contracts and performance obligations, recognizing revenue at a point in time or over time, and producing the related accounting. Integrates with upstream order and billing applications.

Manages lease portfolios in line with modern lease accounting standards, covering both expense and revenue leases with payment terms, options, milestones, and lifecycle events. A dashboard, reports, and bulk data import round out portfolio administration.

Automates joint venture accounting for operators managing one venture or thousands, splitting costs and revenue among partners per ownership agreements. Handles overhead, partner contributions, invoicing, carried interest, operational measures, and dedicated dashboards and reports.

Delivers country-specific statutory and tax functionality for Asia-Pacific operations, including China's Golden Tax system plus localizations for Bangladesh, India, Japan, Korea, Singapore, Taiwan, and Thailand.

Provides statutory, tax, and reporting localizations for Europe, the Middle East, and Africa, extending the general ledger, subledger accounting, receivables, assets, and tax with country-specific requirements.

Delivers localizations for the Americas, most notably Mexico and Brazil, covering electronic invoicing, fiscal documents, and country-specific reports.

Equips public sector organizations with budgetary control and encumbrance accounting, enforcing spending limits against approved budgets and integrating external budget sources. Includes year-end budget processes and worked case studies.

Purpose-built functionality for U.S. federal agencies, spanning Prompt Payment compliance, Treasury payment formats and processing, SAM integration, CTA and GTAS reporting, DATA Act submissions, IPAC, and federal year-end close.