Oracle E-Business Suite

The Oracle Financials Centralized Solution Set is an unprecedented, centralized architecture that standardizes accounting, intercompany processing and transactional taxes across your entire enterprise. It encompasses a powerful global accounting solution, a robust intercompany solution, and a global tax solution – all built to work together on the E-Business Suite’s unified information architecture. Enterprise application users play multiple roles. With the proliferation of enterprise information across disparate data sources, the business user needs a pervasive, fast and accurate search experience across the enterprise application domain. Business users are adept at using search technology on the internet, and they expect similar search experience within Enterprise applications.

Accounting

1. Compliance with multiple accounting policies through user-defined accounting rules
2. Single source of truth for all subsystem accounting activity
3. Accounting, reconciliation, and reporting facilitated by central data model
4. Auditable and transparent accounting entries accessible with full drilldown

E-Business Tax

1. Enforcement and tax compliance with configurable business rules
2. Centralized tax repository for auditing and reporting
3. Tax simulation for previewing effects of changing tax rules and rates

Advanced Global Intercompany System

1. Streamlined intercompany trading with unlimited trading partners
2. Local statutory compliance with intercompany invoices
3. Interactive intercompany reconciliation and drilldown
4. Transaction-level balancing for subledger applications
5. Intercompany calendar controls transaction entry at period close