Understanding

Oracle Fusion Accounting Hub (FAH)

What is FAH
Fusion Accounting Hub (FAH) consolidates financial data of various ledger and source systems to a single reporting and analytics hub without
having any modifications to legacy systems and processes. Oracle Fusion Accounting Hub helps business at all levels of the organization to
make better decisions on a day-to-day basis with real-time access to consolidated financial information.

What are the Business Challenges

Replacing all existing processes and systems and come-up with single financial system for the entire organization

FAH Solution
Fusion accounting hub is designed to keep increasing need of todays business world on accurate and timely financial reporting from single
source system with minimal or no impact on organizations existing/legacy processes & systems.
The FAH solution offers:

Easy configurable options to convert various ledger and legacy system data into single reporting ledger

Auto synchronize of financial data from legacy systems to single reporting ledger without any manual interruptions

Create a secure bridge for data transfer from various source system to FAH using Golden Gate integrations

Re-create journals/balances to single ledger format to provide consolidated, faster & near real-time reporting

Figure: Oracle Fusion Accounting Hub Components

FAH Features

Out of box co-existence integration with Oracle R12 and PeopleSoft ledger using Golden Gate

Easy configurations to consolidate various ledger and source system data

Faster and consolidated financial reporting & analytics for the entire organization

Standardizes the accounting from non-oracle third party systems as well

Overall Benefits

As an accounting integration platform, FAH standardizes the accounting from Oracle & Non-Oracle third party transactional
systems to efficiently create detailed, auditable, and reconcilable accounting

Drawbacks

Additional license and hardware cost (legacy systems plus FAH)

Very new to market and yet to be adopted by business, it may bring additional overhead to maintain one more system apart from
legacy systems

Reference Links

http://docs.oracle.com/cd/E25054_01/fusionapps.1111/e20374/F484500AN1947A.htm

By Manoj Sharma
Email manojsharma1us@gmail.com