| EBS Description | Translates to GL in Cloud |
|---|---|
| Business Group | Enterprise |
| Ledgers | Ledgers |
| Legal Entity | Legal Entity |
| Operating Unit | Business Unit |
| Criterion | Cloud Improvement Score | Cloud Applications (Release 13 - 21D) | EBS Applications (Release 12.1.x & above) | Cloud Improvement Metrics | Rationale for Score |
|---|---|---|---|---|---|
| Functionalities : Gaining efficiencies by having efficient business processes supported by Cloud | |||||
| Ease in Defining/ Usage of Chart of Accounts |  |
Introduces COA structure instance, based on common COA but each instance can have different accounting segments | Only individual Chart of Accounts can be configured |
Improves Efficiency Process Improvement Improves Data Integrity Eliminates Extension/ Workarounds Improves Compliance |
Flexibility to use one global Chart of Accounts to meet local/ country specific accounting requirement |
| Validating Close of Sub Ledgers | |
Provides the ability to prevent the closure of a General Ledger accounting period if the accounting period for any of the sub-ledgers is open, or if incomplete accounting entries or transactions exist for the period | Manual control using Period Close Exceptions reports |
Improves Efficiency Process Improvement Improves Data Integrity Eliminates Extension/ Workarounds Improves Compliance |
Provides system control on GL Period close preventing inadvertent close and related complexities |
| Journal Categories for Manual Journals | |
Option to restrict journal categories available for manual journals | Category based control not available |
Improves Efficiency Process Improvement Improves Data Integrity Eliminates Extension/ Workarounds Improves Compliance |
Enforce internal control |
| Related Value sets |  |
Dependencies between segments of chart of account can be managed with related value sets | Cross validation rules can be used |
Improves Efficiency Process Improvement Improves Data Integrity Eliminates Extension/ Workarounds Improves Compliance |
Improves Journal processing performance and user experience |
| Single Screen Journal Dashboard | |
Provides work bench, combining multiple screens from EBS | Switching through multiple screen was required |
Improves Efficiency Process Improvement Improves Data Integrity Eliminates Extension/ Workarounds Improves Compliance |
Easy access to common tasks and relevant details |
| Journal Approvals | |
Enhanced Approval Management Extensions (AMX) based approvals | Workflow based approvals |
Improves Efficiency Process Improvement Improves Data Integrity Eliminates Extension/ Workarounds Improves Compliance |
Configurable approval rules to handle complex approval processes |
| Workflow Notification |  |
Workflow notifications content can be modified for Journal Approval process | Functionality not available |
Improves Efficiency Process Improvement Improves Data Integrity Eliminates Extension/ Workarounds Improves Compliance |
Provide details relevant to approvals through configuration |
| Allocation Journals | |
Introduces Allocation Rules Designer with powerful calculation manager to handle complex allocation journals | Allocations were limited to allocation rules |
Improves Efficiency Process Improvement Improves Data Integrity Eliminates Extension/ Workarounds Improves Compliance |
Configurable allocation rules to handle complex allocations |
| Transactional Data Segregation | |
Access to perform transactions can be controlled based on the Chart of Accounts structure instance | Control was only available at ledger/ ledger set level |
Improves Efficiency Process Improvement Improves Data Integrity Eliminates Extension/ Workarounds Improves Compliance |
Specific access ensures elimination of errors resulting from using incorrect account. Ensures regulatory compliance |
| Validating Unposted Journals | |
Allows to assess impact of unposted journals on account balances | This functionality was not available |
Improves Efficiency Process Improvement Improves Data Integrity Eliminates Extension/ Workarounds Improves Compliance |
Allows validating the journals before approvals/ posting and make changes as required |
| Balances What-if | |
When doing a reorganization of departments etc, What-if can be done to see the impact | What if ability to assess impact was not available in EBS |
Improves Efficiency Process Improvement Improves Data Integrity Eliminates Extension/ Workarounds Improves Compliance |
Allows validating impact before actual reorganization |
| Period Close | |
Provides single view dashboard giving insights into the Period Close Process | No visibility was available in the close process |
Improves Efficiency Process Improvement Improves Data Integrity Eliminates Extension/ Workarounds Improves Compliance |
Enables monitoring of period close process and takes required action to meet the closing goals
|
| Integrated Applications | |
Enterprise Performance Management (EPM) which provides for Advanced Reconciliations, Eliminations, Consolidation and Period Close | Commonly integrated with Hyperion |
Improves Efficiency Process Improvement Improves Data Integrity Eliminates Extension/ Workarounds Improves Compliance |
Enables compliance to statutory reporting requirements |
| Reporting and Analytics : Easy, advanced visualizations | |||||
| Reporting | |
Enhanced reporting through Financial Reporting Center with excel compatibility using Smart View | Provided report generation using Financial Statement Generator |
Improves Efficiency Process Improvement Improves Data Integrity Eliminates Extension/ Workarounds Improves Compliance |
Easier for accountants to build reports accommodating diverse business requirements |
| Financial Dashboards | |
Uses Infolets and Infotiles leveraging Oracle Transactional Business Intelligence (OTBI) | This functionality was not available |
Improves Efficiency Process Improvement Improves Data Integrity Eliminates Extension/ Workarounds Improves Compliance |
Provides actionable insights to business |
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Oracle Supply Chain Planning Cloud vs Advanced Supply Chain Planning
Procurement Cloud vs EBS Procurement
Oracle Order Management Cloud vs EBS Order Management
Oracle Inventory Management Cloud vs EBS Inventory
Oracle Product Data Management Cloud vs EBS Item Master
Oracle WMS Cloud vs R12 EBS WMS
Oracle Cloud PPM vs EBS Projects
Back to Comparison Summary - Oracle ERP Cloud (Fusion) vs Oracle EBS
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