FUSION ACCOUNTING HUB AS A REPORTING PLATFORM

Oracle Fusion Accounting Hub offers a flexible approach to system adoption as a reporting platform and as an accounting integration platform. Let us briefly discuss on reporting platform application.
Oracle Fusion Accounting Hub as a reporting platform offers the real-time access to financial data with exceptional reporting and analytics capabilities to all customers. What makes the fusion accounting hub reporting platform unique in its embedded multidimensional data model that leverages the Oracle Essbase, it is the market leading Online Analytical Processing (OLAP) server.
The use of embedding the Essbase within this reporting platform is twofold:
•First, it allows you to store huge quantities of data in a way that can be accessed quickly.
•Second, it allows you to maintain and organize the information for fast and powerful retrieval for rapid decision support.
In this case, the EBS or PeopleSoft General Ledger can continue to serve as the local book that is used for journal posting, and period close, while Fusion General Ledger can serve as the corporate book where you perform real-time reporting and analytics throughout the accounting period.
The components of the reporting and analytics platform are discussed in detail:
- Oracle Fusion General Ledger: Fusion Accounting Hub leverages Fusion General Ledger. It combines the traditional general ledger functionality with embedded Oracle Essbase. At the time end users create their chart of accounts, the Oracle Essbase cube is created.
- Oracle Fusion Financial Reporting Center: Fusion Financial Reporting Center offers a single point of access to securely distribute live and pre-published financial reports for self-service access. End users can access any report they are authorized to see with the ability to make multidimensional analysis and drill-down from any of the live reports. It also offers General Accounting Dashboard, Account Inspector, Account Monitor, Oracle Hyperion Financial Reporting Studio, and Oracle Hyperion Smart View.
- Calculation Manager: In the area of allocations, Oracle Fusion General Ledger leverages Hyperion’s Calculation Manager to design, maintain, validate, deploy and administrate sophisticated calculations in a graphical environment.