Core Modules in Oracle ERP Financials and Their Functions
Oracle ERP Financials is a powerful suite of cloud-based applications designed to streamline and automate an organization's core financial processes. Whether you're managing multi-currency operations or handling compliance across regions, Oracle ERP Financials offers a modular approach to cover every major aspect of financial management. In this blog, we’ll explore the key modules in Oracle ERP Financials and their specific functions to help you understand how they contribute to a modern, efficient finance ecosystem. 1. General Ledger (GL) Purpose: The backbone of financial reporting and accounting. Key Functions: Maintain and manage the Chart of Accounts Post journal entries and manage period closures Generate financial statements and reports Enable multi-currency and multi-ledger accounting Provide real-time financial visibility Why it matters: GL is where all financial transactions are consolidated, making it critical for compliance and report...