Business Technology Services Blog Understanding Allocations in Oracle Cloud Financials

The Oracle Cloud Financials application has been available for a little over three years. Oracle Cloud Financials is largely built on the strong and sturdy bones of Oracle E-Business Suite enhanced with the pre-built and integrated power of Oracle Essbase. Oracle Essbase is an analytical modeling software that provides a powerful environment for financial reporting, analysis, and business intelligence. Combining the power of both products allows users to easily perform on the fly ad-hoc queries. For many Oracle E-Business Suite users (EBS), the move to Oracle Cloud Finanicals is quick and seamless. Recent changes made to the Oracle Cloud Financials user interface (UI) and reporting capabilities allows for quicker access to information, greatly enhanced the overall user experience.