Benefits of EBS Finance
The benefits of EBS Finance are discussed in our EBS Finance assignment help as follows:
Help to make the right decisions: You can make informed decisions related to the global view of suppliers, customers, financial data, and partners. You can make confident decisions depending on the global view across several divisions and systems.
Work globally to become more competitive: Your business shall be more competitive along with better support for work that includes companies, applications, regions, and divisions. Companies can operate efficiently with single access. As there is multiple access control, you can report and process across several national operations. The ledger sets and new ledgers can deliver a global corporate view and local compliance with the governance demands. The tools including tax engine can facilitate operations centrally meeting the local regulations.
Manage globally to enhance performance and lower cost: It makes it less expensive for managing, implementing, and scaling global applications. It minimizes the cost and the complications to represent the business. With the help of tools, including the Legal Entity Configuration, Setup Manager, Oracle Financials can adapt to the environment easily.
EBS Finance Application
The EBS Finance suite of applications has the following subfamilies that can support the financial processes of a firm such as the following:
- Corporate Performance management
- Financial Controlling and Reporting
- Credit to Cash
- Corporate Governance
- Procure to Pay
- Cash and Treasury Management
- Asset, Lease, and Real Estate Management
- Travel and Expenses Management
The applications that support match closely with the native business flows. The key to understanding the features is knowing the conceptual architecture of financial applications.
Features of EBS Finance
The features are discussed in our help for assignment on EBS Finance subject as follows:
- Journal Entries: Enhances user efficiency through auto-populating on the earlier entered information.
- Dimensions/Tags: It can tag all transactions in a general ledger along with customized classes, dimensions, categories, etc.
- Audit Trail: It automates the tracking of transactions chronologically, which have impacted a specific operation.
- Invoice Customization: The layout of an invoice template is completely customizable and users can remove or add fields.
- Collections Automation: It automates the process to drive collections.
- AR Automation: It helps users to become more efficient through default customer data, matching the customer receipts to transactions, and setting up payment from their clients.
- Payment Processing: It has the ability to track, manage, and report on several payment systems. You can automate and customize complicated purchases.