Oracle Finance Consultant

Roles and responsibilities

• The candidate should be able to assist in account reconciliation, period closing and VAT returns submission.
• Building integration with Legacy systems
• Handling SQL Queries
• XML Templates
• Building Alerts and personalization
  

The Following Certification Is a Plus

• ITIL
• Project Management certified (PMP, Agile and so on) is a plus
• Oracle Certifications

• Oracle Financials Cloud:

  • Oracle Financials Cloud is part of the Oracle ERP Cloud, a comprehensive suite of enterprise resource planning (ERP) applications. It provides advanced financial management capabilities to support the entire financial lifecycle of an organization, from general ledger to financial reporting.

  Key modules in Oracle Financials Cloud include:

  • General Ledger (GL): Centralized financial reporting and management, including chart of accounts, journal entries, and period close activities.
  • Accounts Payable (AP): Manages vendor invoices, payments, and supplier relationships, automating processes like invoice matching and payment approvals.
  • Accounts Receivable (AR): Manages customer invoices, receipts, credit management, and collections, ensuring accurate billing and payments.
  • Fixed Assets (FA): Manages the lifecycle of physical assets, including acquisitions, depreciation, and disposals, with the ability to track assets for tax and financial reporting.
  • Cash Management (CM): Helps organizations manage liquidity, reconcile bank accounts, and track cash inflows and outflows.
  • Expense Management (EM): Streamlines employee expense reporting and approval, ensuring compliance with company policies.
  • Financial Reporting and Analytics: Provides financial dashboards, reports, and analysis tools that help businesses make informed decisions and maintain compliance.

• Oracle E-Business Suite (EBS) Financials:

  • The Oracle E-Business Suite (often referred to as Oracle EBS) is a comprehensive suite of integrated, global business applications. Oracle Financials EBS offers a set of financial modules that work together to help organizations manage their financial processes.

  Key modules in Oracle EBS Financials include:

  • General Ledger: Core module for financial accounting and reporting, providing control over financial data and transactions.
  • Accounts Payable: Manages all aspects of an organization’s liabilities, vendor payments, and invoice processing.
  • Accounts Receivable: Manages customer billing, payments, and collections processes, integrating with both the general ledger and the order management module.
  • Fixed Assets: Helps track the value of an organization’s fixed assets, calculate depreciation, and integrate with tax reports and other financial reports.
  • Cash Management: Provides tools to manage and optimize cash flow and perform bank reconciliations.
  • Payables and Receivables Reporting: Supports the generation of financial statements, reports, and analytics specific to the company’s cash inflows and outflows.

• Oracle Fusion Cloud Finance:

  • Oracle Fusion Finance is a newer generation of Oracle’s financial management applications, designed to be more user-friendly and flexible compared to the older Oracle EBS. Fusion Finance uses a modern, cloud-based architecture, delivering a comprehensive suite of financial tools to help businesses manage financial processes in real-time.
  • It integrates financial data across business functions, supports automation, improves operational efficiency, and provides real-time analytics.

Desired candidate profile

• Automation:

  • Oracle Finance solutions automate manual financial processes, improving efficiency, reducing errors, and ensuring compliance. Automation helps organizations improve the accuracy of financial reporting and streamline workflows for tasks such as invoicing, expense management, and bank reconciliations.

• Real-time Financial Visibility:

  • Provides real-time insights into financial data, including cash flow, profitability, and expense tracking. Financial dashboards and reporting tools enable quick decision-making, while cloud-based access ensures that users can access financial data from anywhere.

• Integrated Financial Management:

  • Oracle Finance applications offer seamless integration with other business systems, such as supply chain management, procurement, and human resources, ensuring that all financial data is synchronized across the enterprise.

• Regulatory Compliance:

  • Oracle Financials supports compliance with various regulatory frameworks, including IFRS (International Financial Reporting Standards), GAAP (Generally Accepted Accounting Principles), SOX (Sarbanes-Oxley), and local tax regulations. It helps organizations manage taxes, generate reports, and ensure audit readiness.

• Globalization:

  • Oracle Finance applications are designed to support multinational organizations with global operations. They offer multi-currency, multi-tax, and multi-language support, enabling organizations to manage financial processes and comply with global standards in multiple regions.

• Financial Planning and Analysis (FP&A):

  • Oracle Finance includes tools for budgeting, forecasting, and financial planning. It helps organizations align their financial planning with business objectives, track performance against budgets, and make data-driven decisions.
  • Oracle Financial Planning Cloud helps streamline the financial planning process, offering scenario modeling, variance analysis, and collaboration features to improve forecasting accuracy.

• Analytics and Reporting:

  • Oracle Finance provides powerful reporting capabilities, such as standard financial reports, custom reports, and dashboards that help stakeholders track financial performance.
  • Oracle's Oracle Analytics Cloud offers advanced analytics tools that can generate insights from financial data and help drive business decisions.

• Cash Flow and Liquidity Management:

  • Oracle Finance solutions, especially Cash Management, help organizations optimize cash flow by providing visibility into bank transactions, managing liquidity, and forecasting cash positions to avoid cash shortages.