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.

Author: David Haimes

I'm Senior Director in the Oracle Research and Development Organization, with close to 20 years working in various roles on the development of the Financial Management product suite.  Since the summer of 2016 my focus is exclusively on working with customers and longer-term design work, particularly around next-generation functional and technical architecture. My task is to figure out NOW what the financial management system of the next 3, 5 or more years should look like and start working toward it.  At the moment the majority of my time is spent working on Blockchain or Distributed Ledger Technologies (DLT), leading the effort for all of SaaS applications.  I'm also interested in AI, Machine Learning and new UX and interaction paradigms such as chat bots. I started out in Oracle UK and found my way out to Oracle's Redwood Shores, California HQ in May 2000.  My previous role was product owner for Fusion Accounting Hub, General Ledger, Intercompany and Legal Entity products in Oracle Fusion Financials and eBusiness Suite General Ledger. I have also worked on EMEA Globalizations, Federal and Public Sector Financials, XML Payments and a variety of projects on other products down the years.

14 thoughts on “What is Fusion Accounting Hub?”

    1. It is irritating, but it is not the first time my blog posts and conference presentations have been ripped off. My goal is to get information out to people, so if people replicate these posts helps that, so I guess it is ok.

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  1. Hi David, a really useful post to explain the difference in the two FAH applications. One question if I may; is Fusion Accounting Hub available as a Cloud app or is it Fusion GL which sits on the Cloud with the hub being on premise?

    I could not work this out from the Oracle site. We are looking to migrate from JDE.

    A response will be greatly appreciated. Richard in the UK.

    Like

    1. Some of the features of Fusion Accounting Hub are available as a cloud service today and some are on the roadmap and will be coming soon.
      The BI, reporting and consolidation Platform is available with out of the box integration for E-Business Suite today. See my post on Fusion Accounting Hub Reporting Cloud Service for details – https://davidhaimes.wordpress.com/2014/10/09/accounting-hub-reporting-cloud-service/

      The Accounting Integration platform is not available as a cloud service today, but it is on the roadmap so stay tuned to cloud.oracle.com for when it is available and more details..

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      1. Many thanks for the reply – most helpful. Our local Oracle reps have not mentioned the existence of Fusion Accounting Hub only the Financial Accounting Hub, in any regards I hope we will soon be starting our cloud journey.

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  2. HI David,

    Thanks for providing the details!

    I’ve a couple of questions for bringing data from non-Oracle system:

    1. I assume I need to push subledger data from 3rd party system to Oracle Fusion Subledger Accounting; post that, Fusion Accounting Hub will process Journals, Balances etc. Is my understanding correct?
    2. It seems I can’t drill-down to 3rd party transactions. Is it true?

    Thanks.

    Like

    1. Fusion Accounting Hub is not available for Cloud yet, so you need to bring third party data in via the GL interface which will then create journals, balances etc. However you cannot then drilldown to your third party system.

      Like

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