• Enter your email address to subscribe to this blog and receive notifications of new posts by email.

    Join 1,520 other followers

  • Disclaimer

    Opinions expressed in this blog are entirely my own and do not reflect the position of Oracle or any other corporation. Any advice or recommendations discussed on this sites (or sites they link to) are not validated by Oracle.
  • about.me

    David Haimes

    David Haimes

    Thinker, Blogger, Leader, Father and Husband

    I'm a Senior Director working in Oracle Applications Product Development. I started out in Oracle UK and found my way out to California in 2000. I'm interested in technology both inside and outside of Oracle and am always thinking of how I can incorporate new ideas, technologies, methodologies or innovations into my work here at Oracle.

    My current role is product owner for General Ledger, Intercompany and Legal Entity products in Oracle Fusion Financials and eBusiness Suite General Ledger and leading the Social Strategy for Oracle Financials Applications.

    I Blog about Oracle Financials and anything else I see that is interesting or potentially useful at davidhaimes.wordpress.com

    You might also see me on twitter as dhaimes

  • web metrics

What is Fusion Accounting Hub?

I like the name Fusion Accounting Hub.  I would like it more if it did not cause so much confusion with the E-Business Suite (EBS) Financial Accounting Hub.  So in an effort to clear things up, I’m writing this blog post.

First some history.  When we designed EBS R12 we wanted to have a common accounting engine for all subledgers, so we built Subledger Accounting (SLA).  We also wanted to provide a platform for customers to generate accounting for all their non Oracle Apps transactional systems using a rule based system.  So we created Financial Accounting Hub (FAH) which exposes the SLA rules engine to external systems so you can bring those into EBS and generate the accounting for multiple systems in one place, using standardized, transparent accounting rules.

When we were building Fusion Applications, we wanted to Fuse the market leading Hyperion BI and Financial Reporting features as well as the powerful PeopleSoft Trees* with EBS General Ledger.  We also wanted to provide a way for Peoplesoft, EBS and JDEdwards customers to move to Fusion in an incremental manner, maybe consolidating data from several GL instances into one Fusion system.  The result was Fusion Accounting Hub (FAH).  Oh and we also provided the accounting rules engine for external systems in the Fusion Accounting Hub.

So we ended up with the same ‘Accounting Hub’ name for the Fusion product when it really offers a whole lot more and different options, you can pick and choose what you take advantage of.

So in summary:

  • E-Business Suite Financial Accounting Hub – An accounting integration platform
  • Fusion Accounting Hub – A BI, reporting and consolidation Platform and an Accounting Integration platform

The other great thing about Fusion Accounting Hub is it is a a great way to incrementally move all your financials into Fusion, but that is a topic for another post…

I hope this clarifies, rather than confuses things, but please let me know your questions in the comments section below.

*Actually there are other Peoplesoft features we include, not least of all automatic balancing across multiple chart of account segments.

4 Responses

  1. Yet another great article! David keep them coming, it was a pleasure speaking to you at OOW13, speak to you soon!

  2. Good article, well written thank you for sharing!

  3. […] how Oracle implemented Fusion Accounting Hub Coexisting with it’s R12 EBS Financials and transitioned to a new single Global Chart of […]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 1,520 other followers

%d bloggers like this: