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.