What is the main tracks of ERP system Oracle Fusion Cloud ?
There are three basic tracks on oracle fusion cloud
Finance track: this includes all finance modules like GL, AR, AP, FA, and CM.
SCM track (Oracle Fusion Cloud Supply Chain Management) : this track covers all purchasing activities like purchase orders, purchase requisitions, contracts and inventory
HCM track: it includes all human resource related modules like core HR, Payroll, time attendance in addition to other modules which covers employees related topics.
Others tracks like EPM: Focuses on strategic planning, budgeting, forecasting, financial consolidation, and performance reporting to enable organizations to make data-driven decisions and optimize financial performance.
What is the modules of HCM track?
HCM refers to Human Capital Management, which is the track of human resource departments
There are various modules and functionalities related to managing and optimizing human resources within an organization. While the specific modules may vary depending on the HCM software provider, here is a list of commonly found HCM modules:
1 – Core HR: The foundational module that handles basic employee data management, such as employee profiles, employment history, and organizational structure.
2 – Payroll Management: Handles payroll processing, including salary calculations, tax deductions, benefits administration, and generating payslips.
3 – Time and Attendance: Tracks employee attendance, work hours, leave management, and scheduling to ensure accurate timekeeping and compliance
4 – Recruitment and Onboarding: Manages the end-to-end process of attracting, selecting, and onboarding new employees, including job postings, applicant tracking, interview management, and new hire documentation.
5 – Performance Management: Supports the ongoing evaluation and management of employee performance, goal setting, performance appraisals, feedback, and performance improvement plans.
6 – Learning and Development: Facilitates training and development initiatives, including employee training programs, skills assessment, learning management systems, and tracking employee progress.
7 – Talent Management: Encompasses modules such as succession planning, talent acquisition, career development, competency management, and talent reviews to effectively identify, develop, and retain top talent.
8 – Compensation Management: Handles salary structures, bonus plans, incentives, and rewards management to ensure fair and competitive compensation practices.
9 – Employee Self-Service: Provides employees with a self-service portal to access their personal information, request time off, view pay stubs, update details, and participate in surveys or feedback processes.
10 – Benefits Administration: Manages employee benefits programs, such as health insurance, retirement plans, leave management, flexible spending accounts, and other employee welfare programs.
11 – Employee helpdesk Engagement: Helps measure and improve employee satisfaction, engagement, and overall organizational culture through surveys, feedback mechanisms, recognition programs, and social collaboration tools.
12 – Analytics and Reporting: Provides comprehensive data analysis, reporting, and visualization tools to generate insights related to workforce demographics, performance, turnover rates, and HR metrics.
What is the modules of Finance track?
This track covers the financial management and accounting processes. it includes the following modules:
1 – General Ledger: Handles the organization’s financial transactions and provides a centralized repository for financial data, It manages chart of accounts, journal entries, allocations, and financial reporting.
2 – Accounts Payable: Manages the organization’s payable transactions, including supplier invoices, payment processing, and expense reimbursements. It also handles vendor management and tracks outstanding liabilities.
3- Accounts Receivable: Manages the organization’s receivable transactions, including customer invoices, receipts, and collections. It tracks customer balances, aging, and credit management.
4 – Cash Management: Handles cash forecasting, bank reconciliation, and cash positioning. It enables efficient management of cash flows and ensures accurate bank account reconciliations.
5 – Fixed Assets: Manages the organization’s fixed assets throughout their lifecycle, including acquisition, depreciation, transfers, retirements, and disposals. It provides visibility into asset values, locations, and maintenance.
6 – Expense Management: Streamlines the process of managing employee expenses, including expense reporting, reimbursement, policy enforcement, and audit controls.
7 – Financial Reporting: Provides comprehensive financial reporting capabilities, including standard financial statements, ad hoc reporting, and regulatory reporting. It enables users to create and distribute financial reports based on predefined templates or custom requirements.
What is the modules of SCM track?
Oracle Fusion Cloud Supply Chain Management (SCM) track includes the following modules:
1 – Inventory Management: Manages inventory levels, tracks stock movements, and optimizes inventory across multiple locations. It includes features such as inventory forecasting, replenishment planning, and inventory valuation.
2 – Order Management: Handles the end-to-end order fulfillment process, including order capture, pricing, configuration, and order orchestration. It facilitates efficient order processing, order status tracking, and customer order management.
3 – Procurement: Streamlines the procurement process, including supplier management, sourcing, requisitions, purchase orders, and supplier contracts. It supports strategic sourcing, supplier qualification, and supplier collaboration.
4 – Product Information Management (PIM): Centralizes and manages product information, including attributes, specifications, and digital assets. It ensures consistency and accuracy of product data across different systems and channels.
5 – Manufacturing: Supports manufacturing operations, including production planning, shop floor management, work order management, and quality management. It includes features for resource allocation, scheduling, and production tracking.
What is EPM?
Oracle EPM (Enterprise Performance Management) is a suite of integrated applications and tools designed to help organizations effectively manage and improve their performance across various aspects of their business operations. It provides a comprehensive set of performance management and business intelligence capabilities to support strategic planning, budgeting and forecasting, financial consolidation and reporting, profitability analysis, and decision-making processes.
What is PPM?
Oracle PPM (Project Portfolio Management) is a suite of applications and tools offered by Oracle to help organizations effectively manage their projects, portfolios, and resources. Oracle PPM provides a comprehensive set of features and functionalities to support project planning, execution, monitoring, and reporting. It enables organizations to prioritize projects, allocate resources, track progress, and make data-driven decisions to optimize project outcomes and ensure successful project delivery.
Data migration:
Believe me, this is the most challenged task on your project on oracle fusion cloud, that’s because the effort you need to do to make it done correctly, in addition if something goes wrong it may ruin your project. that is way you should organize the way you are gathering data and provide it for data migration.
Oracle did not provide a fully automated way for data migration, it provide only data templates which you should put your data on and upload it direct to fusion.
for some modules you should provide the open transactions only, for instance: if you have invoice which partially paid to vendor, you should put this recode for only the remaining amount which will be available for paying.
The same on AR invoices, only the remaining amount will be uploaded.
that’s way you shouldn’t expect your original transaction to be migrated.
After migrating all data, stockholders will be responsible on validation and confirming it.
if something goes wrong, it can be corrected on the template and reuploaded again.
but be carful because some uploaded data can not be correct if it migrated incorrectly.
for example: if you upload GL balance and post it. it can’t be correct and the only way to fix it, is to pass GL adjustments to your system.
Also it is important to know that oracle is not providing rest factory option for your instance.
The only available option in the case of corrupted data which cannot be fixed is something called T2P request.
T2P request means test to production cloning which assume that you have clean empty test instance and asking oracle to overwrite production environment with you empty test instance.
in some cases customers buy additional test environment for this purpose.
