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Financial Services Accounting Hub (FSAH)

Posted on May 12, 2008 by David Haimes

Financial Services Accounting Hub or FSAH (pronounced F-saa apparently) is a great product and is not only for Financial Services companies either, I understand we’ll sell it to anyone.

From a (very) high level perspective it allows you to use Oracle SLA and GL to perform the accounting for third party applications. Companies the Financial services industry tend to build a lot of highly complex applications (e.g. loan systems, trading systems) in house, but they want the final accounting of transactions form these disparate system to end up in the same place and it will be nice if they can re-use the same accounting rules too. Hence the concept of an accounting hub.

If you are using FSAH on R12, you can also utilize all the new AGIS features introduced in R12 and that could help you to apply common intercompany processing rules across your entire business too.

I have had a few discussions with customers asking if AGIS could be used as a hub for all intercompany trading across many ERP systems and the answer is very much so, that is something that we had in mind when building the product. You should be able to push transactions from multiple Oracle instances, even on different versions and throw in an SAP or Peoplesoft instance too if you want. There will be some integration work, but we use standard interfaces, services, API and also make use of the Workflow Business Event system to make this process as easy as possible.

Filed under: AGIS, Oracle Financials

« Tax Avoidance, Planning, Mitigation and Evasion What does that radio button do? »

5 Responses to “Financial Services Accounting Hub (FSAH)”

  1. David Torbett, on May 13th, 2008 at 12:16 am Said:

    10 year veteran and you still can’t spell instances :)

  2. David Haimes, on May 13th, 2008 at 8:52 am Said:

    Mr Torbett - nice to hear from you, I corrected the spelling mistake. It’s a shame you aren’t still around at Oracle to catch coding errors…

  3. S. Venkataramanan, on May 14th, 2008 at 4:43 am Said:

    LOL

  4. hina, on June 19th, 2008 at 11:51 pm Said:

    i have knowldge of Oracle 6i and basic accounting… now i have the job as developer of Oracle Financial R12 in a company… can you guide me of any beginners tutorials that guide me as i dont know much about Financial R12. I have studied Oracle FInancial Concepts but i want sumthing that elaborate the Financial module use and setup with example please… i will be really thankful

  5. David Haimes, on June 23rd, 2008 at 10:19 am Said:

    I’m afraid to say there is no shortcut to learn financials - I am still learning after more than 10 years.

    I would look at the resources I mention in this post

    http://davidhaimes.wordpress.com/2008/01/05/useful-oracle-financials-resources/

    Also look at the blogroll, oracleappshub.com has some very good detail on features and steps to implement, but there are other blogs too.

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