Oracle Fusion is enterprise resource planning software applications from Oracle Corporation.
Distributed across various product families, Fusion includes Financial Management, Human Capital Management, Customer Relationship Management, Supply chain management, Procurement, Governance, Project Portfolio.
Workday, Inc. is an on demand (cloud-based) software vendor. Workday features Human Capital Management, Financial Management, and Analytics Applications.
1. Oracle Fusion v/s Workday
Mayda Barsumyan, CEO of Business Escalation Inc.
Mitchell Fass, Executive Vice President of Starpoint Solutions, LLC
2. Introduction / Agenda
Business Escalations, Inc. (BE) was founded in
2006 and incorporates over 20 years of
experience into a fully integrated solution
that looks at a company’s entire financial
management operation. We use our unique
approach to strategize with your current
team to ensure all departments within the
process are working together towards the
goals of the organization.
Business Escalation specializes in source to
cash, treasury management, strategic
financial solutions, business process
evaluation and re-engineering, vendor
management, mergers and acquisitions, and
Oracle Business Intelligence.
Starpoint Solutions, LLC is a Professional
Services firm with 15 offices globally,
including a local office in Chicago, and HQ in
NY. Our ERP group performs evaluations,
implementations and upgrades of ERP
packages .
Our ERP & Cloud Services Core competencies
are in the following areas :
Oracle (EBS, PeopleSoft, JD Edwards,
Fusion – and point solutions – Hyperion,
Siebel, Taleo, etc..)
Cloud Services ( Workday,
SalesForce.com, and ServiceNow)
Within the core ERP packages, we
structure our resources into the following
four areas- by application cluster:
Financials
HCM
SCM (a large category, that includes
all Manufacturing/Supply Chain
modules, and CRM and BI as well)
GRC (Governance, Risk, and
Compliance)
3. 3
Oracle Fusion is enterprise resource planning software applications from Oracle
Corporation.
Distributed across various product families, Fusion includes:
• Financial Management
• Human Capital Management
• Customer Relationship Management
• Supply Chain Management
• Procurement, Governance
• Project Portfolio
Workday, Inc. is an on-demand (cloud-based) software vendor. Workday
features:
• Human Capital Management
• Financial Management
• Analytics Applications
Oracle Fusion v/s Workday Capital Management
4. 4
The pros of Oracle Fusion
Complete
Oracle provides core HR functions, recruiting and end-to-end talent
management
Workday requires that you buy additional products that plug significant gaps
In-Context Analytics
Not all of Workday's analytics tools are built-in
Predictive Insights
Receive warnings if your top talent is a flight risk.
Workday provides a rear-view mirror.
Talent Management
The leading recruiting + performance management, as recognized by industry
analysts.
Workday = not even ranked
Oracle Fusion v/s Workday Capital Management
5. 5
Oracle Fusion v/s Workday Capital Management
The pros of Oracle Fusion
Collaborative Learning
Self-study, instructor-led, and collaborative, with discussion forums and chats
Workday = nothing
Upgrades, On Your Schedule
Workday forces you to upgrade when it's convenient for them
Social Built-In
Collaborate across the workplace as well as sourcing through social channels
like LinkedIn
End-to-End Recruiting
Oracle has a track record of 300,000,000 job applications over 10-plus years
Workday is just starting out
6. 6
Oracle Fusion v/s Workday Capital Management
Oracle Fusion Workday
Core HR in the Cloud NOW Now
Next Generation UI NOW Now
In-Context Analytics NOW Promised
Predictive Insights NOW Promised
Talent Management NOW Limited
Social Sourcing NOW Limited
End-to-End Recruiting NOW Limited
Collaborative Learning NOW Promised
7. 7
Oracle Fusion Financials v/s Workday
Feature Benefit
Oracle Fusion
Financials
Workday
Unique reporting platform
that is natively built on top
of a multi-dimensional data
model
Gain real-time information
to live financial data
NOW NOW
Store large quantities of
data that can be accessed
quickly
NOW Limited
Quickly analyze data across
multiple business
dimensions, complete with
drilldowns across hierarchies
and to the underlying
transactions
NOW Limited
Simultaneous accounting of
multiple reporting
requirements
Comply with global
accounting standards and
multiple legislative, industry
or geographic requirements
NOW Limited
8. 8
Oracle Fusion Financials v/s Workday
Feature Benefit
Oracle Fusion
Financials
Workday
Role-based dashboards and
Work Areas across all
Financial products
Automatically push work
and transactions that
require attention to users
from a central location
NOW Limited
Immediately take action to
resolve issues without
having to navigate to
separate pages
NOW Limited
Eliminate the need to run
multiple queries or search
for data; users know
exactly what they need to
do the moment they log on
NOW NOW
Embedded transactional
intelligence
Complete transactions with
greater accuracy and
efficiency with access to the
most current information
within the context of the
transactions
NOW Limited
9. 9
Oracle Fusion Financials v/s Workday
Feature Benefit
Oracle Fusion
Financials
Workday
Extensive spreadsheet
integration across finance
functions
Save on training costs NOW Limited
Increase productivity when
handling large data
volumes
NOW Limited
Export results from any
transactional table or
report to more easily view
large amounts of data for
easier analysis
NOW NOW
Embedded Collaboration
Instantly communicate with
initiators or approvers with a
single click
NOW NOW
10. 10
Oracle Fusion Financials GL Benefits
Feature Benefit
Real-time Updates to
Embedded
Multidimensional
Data Model
Ensure timely and accurate information with real-time updates
Quickly analyze and report on balances that are pre-summarized at every
possible summarization level in the chart of accounts hierarchy
Eliminate the need to have multiple systems or data warehouses
General Accounting
Dashboard
Have a comprehensive view of journals requiring attention, intercompany
transactions that are incomplete, account balances that have exceeded
their thresholds, and the close status of subledgers and ledgers from a
central place
Push information across areas in one place
Close Status Monitor
View the close status across subledgers and ledgers from a central
location
View the reasons of outstanding subledger transactions, complete with
drilldowns to originating transactions
11. 11
Oracle Fusion Financials GL Benefits
Feature Benefit
Account Monitor
Continuously be alerted to sudden changes in account balances in
real-time based on thresholds you define
Quickly drill down through multiple levels of summarized balances,
view perspectives of the balance, and drill back to the originating
transaction to investigate the root cause
Date-Effective Account
Hierarchies
Maintain multiple versions of your account hierarchies
Report on different hierarchy versions for comparison purposes and
what-if analysis
Projected Balances
During Journal Entry
View the projected balance of an account during journal entry
Allocation Engine and
Wizard
Intuitively create complex allocation formulas with the graphical
allocation wizard
Significantly improve performance by allocating pre-summarized
balances
12. 12
Oracle Fusion Financials Payable Benefits
Feature Benefit
Out-of-the box imaging
integration for supplier
invoices
Reduce transaction processing costs and data entry errors
Eliminate the need for costly third-party solutions
Increase productivity for invoice approvals and audits
Interactive Payables
Dashboard
Obtain a holistic view of all invoices and payments from a central
location
Be notified about the status of transactions without having to
navigate to multiple pages
Invoice Help Desk
Easily answer supplier queries or audit invoices with immediate
access to a complete snapshot of an invoice
Perform basic or sophisticated invoice searches
13. 13
Oracle Fusion Financials Payable Benefits
Feature Benefit
Excel-based Invoice
Entry
Quickly enter and correct invoice import errors
Reduce training costs
Payables to General
Ledger Reconciliation
Quickly reconcile payables to the general ledger
Ensure payables activity is properly captured and reflected in the
financial results
Quickly investigate differences in balances with drilldowns
14. 14
Oracle Fusion Financials Receivable Benefits
Feature Benefit
SmartReceipts
Correctly match receipts to invoices based upon system
generated recommendations
Reduce the number of future manual receipt applications by
tracking metrics related to why the system could not
automatically apply the receipt
Excel-based Receipt Entry
Quickly create and update customer receipts and increase users
ability to process payments and remittance data
Leverage the inherent Excel functionality, such as copy and
paste and send spreadsheets to reviewers and approvers
Mass Revenue Adjustments
Quickly locate and adjust multiple revenue transactions and
select multiple lines for scheduling and contingency updates
Perform basic or sophisticated searches using flexible search
criteria
15. 15
Oracle Fusion Financials Receivable Benefits
Feature Benefit
Receivables to General Ledger
Reconciliation
Quickly reconcile receivables to the general ledger to close your
books faster
Ensure receivables activity is properly captured and reflected in
the financial results
Quickly investigate differences in balances with drilldowns
Projects Billing Integration
Automate the flow of sending project billing and revenue
information from Project Billing to Fusion Receivables with the
out-of-the-box integration
Reduce errors that usually occur with separate systems
16. 16
Oracle Fusion Financials Asset Management Benefits
Feature Benefit
Assets Dashboard
Manage assets from a single location
Balance the workload by assigning asset lines to preparers
Increase productivity by exporting asset source lines to Excel to update
large volumes of asset data
Draft Asset Acquisitions
Quickly add assets with limited information and save them as a draft to
make sure you keep track of all assets and eliminate paper trails
Complete asset information from a central page to prevent period close
delays
Draft Asset Retirements
Quickly add retirements with minimal information until complete
information is available to track retirements and eliminate paper trails
Complete asset retirements from a central page to prevent period close
delays
17. 17
Oracle Fusion Financials Cash Management Benefits
Feature Benefit
Bank Statements and
Reconciliation Work Area
Eliminate time-consuming searches and navigation to multiple
pages by accessing bank statement and reconciliation
processing from a single page
Proactively address errors and warnings with automatic alerts
and one-click navigation to relevant bank statement lines and
details
Standard Bank Connectivity
Efficiently manage multiple bank accounts and reduce IT costs
with native support for ISO 20022 standardized XML messaging,
SWIFTMT940, BAI2, EDIFACT, and FINSTA.
Intelligent Match Suggestions
Save time when manually matching unreconciled bank
statement lines with system-suggested potential matches
Autoreconciliation
Automate bank statement reconciliation with flexible
matching rules and multiple passes during automatic
reconciliation
18. 18
Oracle Fusion Financials SubLedger Accounting Benefits
Feature Benefit
Centralized accounting
engine and repository
Consistently enforce accounting policies with centralized control and
detailed audit trails
Quickly adapt to accounting changes with a centralized rules engine
where you define, test, and maintain accounting rules
Date-effective
accounting rules
Meet changing accounting regulations or corporate structures with
effective dating of rules, complete with audit trails
Anticipate accounting changes by applying future-dated rules
Supporting references
Keep your chart of accounts and general ledger pristine by storing
balances based on business dimensions outside the chart of accounts
(i.e., geographies, channel, industry, investment type, product
category, etc.)
Accelerate decision-making by reporting and analyzing on balances
stored in the accounting repository
Compliance with
multiple reporting and
accounting requirements
Simultaneously meet diverse corporate, management, and reporting
requirements, such as U.S. GAAP, IFRS, and local statutory
requirements
Meet any accounting requirement by configuring accounting rules based
on any attribute of a transaction
19. 19
Questions?
Is Oracle Fusion right for your company?
How can Business Escalation and Starpoint help?
Mayda Barsumyan Esra Husain
Business Escalation, Inc. Starpoint Solutions
888-594-9919 312-962-6918
info@BusinessEscalation.com ehusain@starpoint.com