This session provides an insight upon how Oracle Financials Accounting Hub (FAH) efficiently creates detailed, auditable, reconcilable accounting for external or legacy source systems. FAH includes an accounting transformation engine with extensive validations plus accounting and rules repositories.
What:The session explains use of Financial Accounting Hub (FAH) to generate accounting of complex industry specific Business Transaction from any source. Presentation focuses on use of configurable features of FAH to quickly accommodate changes in accounting regulations or corporate structures
Why:As an accounting integration platform, FAH standardizes the accounting from non-Oracle third party transactional systems to efficiently create detailed, auditable, and reconcilable accounting to any general ledger system. Hence FAH can be effectively used to integrate with any industry specific third party software which is very good at transaction handling. Integration of Legacy or Third Party Software with FAH would enable customer to carry their business transaction in legacy system and at the same time maintain accounting of the transaction using FAH. This will enable users to effectively leverage the benefits from both systems
Who : The Integration is applicable to All Lines of Businesses EX : Any line of business which has transactions getting handled in legacy or third party software and uses Oracle GL as its centralized accounting repository
Sanjay Prasad is a Principal Software Engineer at Oracle and has over 15 years of experience in IT Consulting, ERP Implementation. Sanjay has vast experience in the design, delivery of IT solutions and Support to large global customers. Currently, Sanjay is part of Oracle EBusiness Suite Product Support team.