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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.

UPDATE(April 27, 2009): New post with links to more information on the Accounting Hub.

Possibly related posts: (automatically generated)

Filed under: AGIS, Oracle Financials | Tagged: , , , , , , ,

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13 Responses

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

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

    Reply
  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…

    Reply
  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

    Reply
  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.

    Reply
  6. Darma Adiapen, on October 1st, 2008 at 8:56 am Said:

    Hi David,

    Struggling to get an SLA set up that bounces off our Inventory Item Category Key FlexField. Seems none of the seeded sources point to the Flexfield.

    Any help would be greatly appreciated.

    Thanks

    Darma
    (fellow Brit now in the US!)

    Reply
  7. David Haimes, on October 2nd, 2008 at 4:29 pm Said:

    Darma,

    Always nice to hear from a fellow expat.

    The SLA sources are built and maintained by individual product groups. So the Inventory team would decide what the expose in their source. You can log an SR to request they add them if they are not already there.

    Thanks,
    David

    Reply
  8. Marcelo, on October 23rd, 2008 at 8:07 am Said:

    we created 2 books, 1 fiscal book (BRL) and 1 secondary ledger (US$) with calendars, account structure and different currencies. We are not able to continue the setup because it is requested a mappi
    ng from the main ledger for the secondary ledger. The segments with different account plans.
    ex:
    structures:
    Primary book
    BR_COMPANY >>> Balancing Segment
    BR_ACCOUNT>>> Natural Account Segment
    BR_COST_CENTER>>> Cost Center Segment
    BR_INTERCOMPANY>>> Intercompany Segment
    BR_PROJECT
    BR_RESERVE

    Secondary book
    BR_PLANT >>> Balancing Segment
    BR_ACCOUNT >>> Natural Account Segment
    BR_COST_CENTER >>> Cost Center Segment
    BR_PRODUCT
    BR_INTERPLANT >>> Intercompany Segment
    BR_TRANSACTION
    BR_PROJECT
    BR_RESERVE

    HOW TO CREATE MAPPING WITH 2 Balancing Segment DIFERENT

    Thanks,
    Marcelo

    Reply
  9. David Haimes, on October 23rd, 2008 at 12:07 pm Said:

    Marcelo,

    Are you talking about Mapping sets in GL?

    I assume BR_PLANT and BR_COMPANY are two different value sets?

    Reply
  10. Marcelo, on October 23rd, 2008 at 12:32 pm Said:

    Hi David,

    Thank you for answering.

    I want to create the mapeamento in the setup of SLA.
    The mapeamento was requested because I use diferetes Accounting Chart of Accounts
    The problem is: they created segments different balanceadores.
    In the Primary my Balancing Segment is BR_COMPANY
    In the Secondary my Balancing Segment is BR_PLANT

    Thank you very much
    Marcelo

    Reply
  11. Marcelo, on October 24th, 2008 at 3:25 am Said:

    Hi David,

    Thank you for answering.

    I want to create the mapping in the setup of SLA.
    The mapping was requested because I use diferetes Accounting Chart of Accounts
    The problem is: they created balancing segments different .
    In the Primary my Balancing Segment is BR_COMPANY
    In the Secondary my Balancing Segment is BR_PLANT

    Thanks again
    Marcelo

    Reply
  12. Abhijit Poddar, on April 28th, 2009 at 6:36 am Said:

    Appreciate if you have any good document on Financial Services accounting hub.

    Reply

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