ENTERPRISE PERFORMANCE MANAGEMENT SYSTEMS
Oracle Financials Cloud
Introduction for CFO's and System Integrators
This document is a discussion of the considerations for implementing Oracle Financials Cloud for a small
public company and its subsidiaries on the Cloud, and is also applicable for on-premises customers. It is
addressed to the Chief Financial Officer and the lead partner at her implementation consulting firm. It
assumes familiarity with general accounting and control principles, and it assumes the availability of the
The discussion is based on the decisions made by a fictional group as they deployed on the Oracle Cloud.
Recommended best practices and their alternatives are debated, and the advantages are delineated.
The InFusion Core Group, its members, InFusion Core Inc., InFusion Neutron Inc., InFusion Quark LLC.,
InFusion Gamma LLC., and InFusion Canada Limited, and its businesses, Surgical and Technical, are
fictional. No reference is intended to any actual business or group.
The InFusion Core Group (InFusion Core, Core, The Group) is a fictional public holding company with four
wholly owned subsidiary companies. It operates two businesses across the US and Canada. The Group
has been growing rapidly and has outgrown their previous financial management system.
The Group considers itself to have two core competencies: one handling exotic radiology materials and the
other locating and supplying the medical experts who use such materials.
As Oracle’s core competency is information technology services, Core management decided as a matter of
strategy to have Oracle provide their ERP services. They anticipate that Oracle Financials Cloud would
both simplify and accelerate their management reporting and decision making, and reduce complexity in
Core anticipates expanding the footprint both with phased implementations and by on-boarding
acquisitions, and are actively considering acquisitions, in particular, related to processing radiology
To get the most value out of their investment in Oracle Financials Cloud, InFusion Core approached the
implementation with the following key principles in mind:
- Keep it simple
- Minimize need for extensive training
- Allow room for future expansion and change in the business
Core began by registering their enterprise structures, such as their registered companies and
management organization with the Oracle Financials Cloud. As part of this process, management paid
careful attention to their need to balance data security with processing efficiency. They aimed to keep their
data as integrated as possible, while addressing the unique security issues they have handling radio-active
Management at InFusion Core are results oriented, treating financial reporting as the main objective of their
business results, and focused the implementation on the information they wanted to extract from the
system. Their objective is to maximize investor returns and they want to keep that in the forefront of their
decision making. With that in mind, the accounting and control environment was architected specifically
for an automatically informative, rapid, and accurate close.
A major area on Core’s radar is cost and a tight disbursement deployment is essential. Core considered
various alternatives and decided on the centralized approach outlined here.
Core also leverages the Oracle Financials Cloud reporting capabilities to speed the close and
reconciliation, and publish financial metrics to operational management.
The security paradigm in the Oracle Financials Cloud was deployed in line with Core’s needs.
Core exploits the ability of the Oracle Financials Cloud to communicate with other software still operating on
The successful execution of the migration of existing data from the previous geography-bound system to
Oracle Financials Cloud contributes to Core’s success.