Accounting Hub Reporting Cloud Service

So what is this new service and why was it such a big focus at Oracle OpenWorld this year? We take a quick look at the major benefits and features.

SunburstSo what is this new service and why was it such a big focus at Oracle OpenWorld this year?

  • It’s a very exciting opportunity to experience the powerful Financial Reporting innovations in our Cloud offerings without disruption to your existing ERP investments.
  • It’s a way to take advantage of the Simplified Financials Report Center, optimized for easy access to reports on your choice of mobile device
  • It includes the sunburst data visualization tool, which was my killer demo last week at OpenWorld (see screen shot)
  • It’s a way to move to cloud in an incremental manner, realizing business benefits quickly without disruption to your existing business processes and systems.
  • It has a companion EBusiness Suite feature (available on 12.1.3 and 12.2.4) that will push all your set up and GL Balances to your cloud service and generate reports automatically for you.  Giving you a zero configuration reporting solution for you EBS GL Balances data (watch out for more detailed posts on this soon)
  • It has web services to load General Ledger data from PeopleSoft, JDE Edwards or any other ERP system.
  • It’s a way to get your hands on the Oracle Social Network which is part of the platform our Cloud offerings are built on.

That’s a decent list to start with, but there are a few things that it isn’t which I should call out

  • It is not(yet) the Accounting Hub Integration Platform with all the rule based accounting transformations provided by Subledger Accounting Architecture (SLA)
  • It is not a new name designed to confuse you when we already have Financials Accounting Hub and Fusion Accounting Hub.

Look out for future posts going into more detail, or you can look at the cloud service page, which has important details such as pricing.

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.

4 thoughts on “Accounting Hub Reporting Cloud Service”

  1. Hi David, you said It has web services to load General Ledger data from PeopleSoft, JDE Edwards or any other ERP system. Could you elaborate more so that we can implement this feature please..

    Like

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