Oracle Enterprise Resources Planning VS System Application

Product
(ERP)/ (SAP)

Introduction:
Oracle is one of the world’s prominent enterprise software companies. Oracle has a series of
high-profile procurements and their own excellent growth in this industry. Oracle has made a
classy portfolio of business software applications, which can perform the company’s traditional
database input and systematic work process. The company boasts more than 65,000 customers.
Oracle offers applications for any size of industry, organization and to address closely any
business challenge. Their core applications include customer relationship management (CRM),
enterprise resource planning (ERP), financial management, human capital management, supply
chain management and transportation management.
Oracle has approximately a dozen enterprise software product lines. The core ERP lines include
Oracle Fusion Applications, Oracle E-Business Suite, PeopleSoft Enterprise and JD Edwards
Enterprise One. Oracle Siebel CRM is a leading CRM suite.
Oracle also offers business analytics applications over its Hyperion line, project management
software through its Primavera line, product lifecycle management through its agile line and
many other independent applications.
SAP is stand for System Application Product. SAP is founded by employee of IBM in 1972.SAP
is a Garman multinational software company known for making Enterprise Recourses planning
Software (ERP). Within this ERP software organizations can to manage business operations, and
usually refers to suite of modular applications that collect and integrate data from different
aspects of the business. The external reporting profit and loss statements and balance sheets is
done by the best financial accounting feature of SAP.
Oracle ERP: It is a centralize system of data management we may also called business
management software. That’s allows enterprise to use globally integrated application to manage
the business process effectively. ERP consist of application names HRM, Supply Chain
Management, Customer Relationship Management, finance and accounting, Manufacturing and
Project Management. ERP use rational data base or DBMS or system software as a back end
where data is stored in table in the forms of row and columns and use as and when needed,
Similarly EBS essential business suit is a bundle of several Oracle applications. These
applications are HRM, Finance and Accounting Supply chain management, Customer
relationship management manufacturing and project management. EBS also uses company
DBMS system software as aa back end where data is stored in diverse.
Information Transfer from one application to another application in EBS information or data
stored on general ledger. General ledger is a central repository of accounting information of a
company or on Oracle application like HRM, Finance, Accounting project management etc. That
can be shared by the user who entered the data oracle form our document that open within our
oracle application and the data stored in table. Table is a basic unit of data stored of oracle
database. Where data is stored in row and columns by using table names for example journal
entry entered on general ledger’s. This information stored in the table name GL_ and GE_ batch.
Batches supply information of oracle application stored in the table name PO_ vendors. All those
application are stored on oracle servers where user can run these as a required.
ERP Oracle Financials:
ERP oracle is one of the business applications of EBS. ERP oracle financial consists of five
modules named general ledger, Accounts receivable, Accounts payable, fixed assets, and Cash
management. General ledger a central repository of accounting information of a company. It
records entire financial transaction of a company. Transaction is event or business activity that
relates to money. Each transaction record twice one as a debit account second as a credit account.
The general deals with five major categories of accounts assets, liability, owner’s equity,
revenue, and expenses. The first three constitute the part of the balance sheet. Balance
determines the net worth of the company. Revenue and expenses are the component of the
income statement. Income statement which determine the financial position of accompany over
specified period of time. Assets and expenses whenever increases it reported as a debit accounts
and decreases in a credit forms. Owner’s equity and revenue increases it reported in order credit
accounts and whenever decreases it showed as a debit account. All the debit and credit account
transfer to the general ledger and always be equal and all these accounts of general ledger are
summarized in the trial balance where financial statement are generated. Accounts receivable
occurred when a company provides goods or services to a customer on credit. Account
receivable is a current assets and a working capital of company. Accounts payable when a
company is liable to pay the amounts to the suppliers or vendors on accounts against or services
from suppliers on credit. Accounts payable is a current liability of a company. Often suppliers
offer discount with fixed time period if the amount is paid within a prescribed period of time
otherwise full payment is to be made and late payment changes also be implemented.
Cash management:
Cash management the processes of collecting managing and investing of cash in such a way that
do not disturbed the balance between the cash in and cash out positon of a company.
Fixed Assets it initiates with the acquisition of the assets to its maintenance of the assets with
accounting method. Overviewing general ledger process user review and record accounting
information.
Accounting information can directly be entered in the general in the general ledger by using
journal entries or others can have imported from other’s sub ledger like accounts receivable and
accounts payable.
General ledger has the ability to revalue and translate balance denominated by using foreign
currencies by suing FSG financial statement. General ledger has ability to produce financial
statement like balance sheet. Overviewing account receivable transaction can manually have
generated or imported from others suppliers must be received before correction. After correction
invoice is generated in receivable there is also an option to correct the invoices for example if the
damaged goods are returned by the customer or credit memo is issued the reduces the balance
amount of the company or debit memo issued in case the price or amount is less calculated in the
original invoices that sent to the customer. So an incremental invoice amount is sent to the
customer that increases the balance amount of the company after correcting the invoice length.
The payment from the customer and generate receipts invoice that is issued before taking the
money or received that issued after getting the money in receivable.

System Application Product (SAP): Today companies are gradually becoming more and
more competitive due to the high number of entrepreneurs and business owners. Apart from it,
customers are also accustomed to efficient & automated experience for example; SAP has
modules called Sales & Distribution (SD), Advanced Planning and Optimization (APO), Quality
Management (QM), Purchasing (MM-PUR) Warehouse Management (WM), Production
Planning (PP), Finance (FI) and many more. Explaining some service of SAP
SAP Financial Consolidation:
Deliver fast, accurate statements – and free up time to focus more on strategy and analysis – with
financial consolidation software from SAP

SAP Asset Manager:

Mobilize your asset management processes with our cloud-based iOS and Android app. SAP
Asset Manager provides mobile access to data visualizations, digital work orders and workflows,
contextual insights, and more.

SAP Asset Strategy and Performance Management:

Measure and improve the performance of your assets and optimize maintenance strategies with
SAP Asset Strategy and Performance Management.

SAP Cash Management:

Streamline capital management and liquidity accounting processes by integrating data from
multiple sources onto a single platform with SAP Cash Management.

SAP Financial Consolidation:

Deliver fast, accurate statements – and free up time to focus more on strategy and analysis – with
financial consolidation software from SAP.

SAP Financial Statement Insights:

Perform personalized, real-time analysis of profit-and-loss (P&L) statements. Discover hidden
trends and make strategic decisions with the SAP Financial Statement Insights Web application.

global trade management, enabling you to control costs, reduce the risk of penalties, and clear
customs faster.
SAP Invoice Management by Open Text:
Simplify the creation and management of purchase orders and invoices to streamline your entire
accounts payable operation – with SAP Invoice Management.

SAP Mobile Consumer Assistant:

Get a direct connection to consumers for real-time, personalized, and interactive experiences
with the SAP Mobile Consumer Assistant solution by GK.

SAP Multi-Bank Connectivity:

Simplify and speed interaction between corporations and financial institutions with our cloud-
based financial services network solution.

SAP Revenue Recognition:

Take advantage of our highly-configurable revenue recognition software, SAP Revenue
Recognition, designed to simplify complex accounting processes.

SAP Tax Compliance:

Protect against tax liability and risk by streamlining and automating tax compliance checks with
SAP Tax Compliance.

SAP Treasury and Risk Management:

Control working capital, manage long-term liquidity, and mitigate financial risk – with our
comprehensive treasury software.

SAP Work Manager:

Empower maintenance crews to work more safely, productively, and independently anytime,
anywhere with the SAP Work Manager mobile app deployed on premise or in the cloud to meet
your specific business needs.

From the upper Services there is an question arise how SAP ERP system is beneficial for
business framework
So there is no doubt that SAP ERP is a beneficial for all kind of small and large business in
present day.

How it beneficial for business?

Boosts efficiency:

Gone are the days when companies were forced to repeat the same repetitive tasks day in and
day out. Today, with the help of technological alternatives, We can resort to smarter ways of
doing repetitive manual tasks. Whether it is collecting huge amounts of data or filling up
databases, SAP provides a highly efficient and faster way of doing things. Besides, we will also
get options to streamline different business processes, and introduce a greater degree of
efficiency all throughout your company.

Allows easy scalability:

If we are a startup owner, then we must be dreaming of having a huge company of your own. So
expanding our operations obviously means that we will also have to accommodate the growth in
every aspect of our business. We will have to fit in more employees, equipment and more data.
For this,we will need a company-wide system that can easily accommodate this growth without
you having to make changes from the grass root level. And SAP system is designed exactly
keeping this need in focus. We can develop on the initial implementation and scale up smoothly
as per we specific requirements.

Improves predictions

Since SAP ERP systems are designed to provide us the options that help in generating company
forecasts. It is important that as the manager of our own company, we have access to the best
accurate information related to our business so that we can chart our path in the future. With the
detailed information stored in the SAP system, we can easily refer to the real-time facts and
figures, to prepare realistic assessments of our business and make informed decisions.

Better data management:

One of the most crucial features of SAP ERP system is the ability to organize data. It is really
important for a company to have all its important data stored in a particular location so that it can
be accessed easily and readily used. Even if there are multiple sources to feed information to
your company, with SAP you can accumulate all the scattered data in one place and keep it
organized. For instance, if you plan to install a Customer Relationship Management (CRM)
application, you can integrate it with the SAP framework to keep all information related to your
customers centralized.
Optimizes cost and time:

Installing an SAP ERP system can easily make it a single source for any company-specific
details that you need. If the employees can fetch the most accurate and up-to-date information
from a specific location, then it will automatically reduce the operational complexities and
expenses.

No matter where you or your employees are working from, connecting to your company’s own
network will give them access to this centralized SAP system. So you can also save a lot of time
because there will be just one location to refer to, for any information.

Promotes flexibility:

By integrating SAP in your business platform, you can aim to achieve a greater amount of
flexibility in adapting to changes in the market dynamics. In order to grow and expand, it is
imperative that your business adapts its various functions to the changes that prevail in the
market. It is the very nature of every industry that over time user perspectives change, thereby
changing their demands. And unless you allow your company to evolve, it can never attain
enough flexibility to provide exactly what the target audience is looking for. But with an SAP-
enabled company structure, you can actually adapt and evolve and smoothly sail along with the
ups and downs of the industry.

Boosts compliance:

One of the very significant aspects of SAP ERP system is its ability to track company
regulations. Using the SAP framework for your business means you can ensure that all
operations comply with your company policies. In case of any exceptions, the system will
automatically reject the action or set off an alert to notify you on time. So, in other words, you
can successfully implement active cooperation among different departments of your company
and the employees.

Create impactful communication:

You can integrate SAP ERP to create modes of communication that can be more compelling than
before. Whether it is an internal company-specific communication you are looking at or
marketing communications, SAP can help you make them more impactful. For instance, you can
build a more robust reputation management structure and focus on effective marketing strategies
that generate higher ROI every time.

Also the use of flipbooks is a brilliant way to create communicable content also now companies
are opting for online catalogs because there are various perks to it and deserves mention in this
regard. Starting from business presentations for marketing your brand to creating a professional
portfolio, SAP can help you achieve undeniable finesse.
Apart from these, there are also many other ways in which you can use SAP integrated
applications to do better business. From generating newsletters with amazing graphics to creating
annual reports that look more interesting, SAP will offer you multitudes of options to add that
touch of sheer magic to your business endeavors.

Conclusion:

In conclusion we can say that Oracle has a series of high-profile procurements and their own
excellent growth in this industry. Oracle has made a classy portfolio of business software
applications, which can perform the company’s traditional database input and systematic work
process. Oracle has approximately a dozen enterprise software product lines. Oracle also offers
business analytics applications over its Hyperion line, project management software through its
Primavera line, product lifecycle management through its agile line and many other independent
applications.

On the other hand SAP also beneficial for business which boots efficiency optimize cost and
time, better data management promote flexibility which make SAP ERP more effective.