Oracle E-Business Suite is a software package that allows organizations to manage key business processes; it is known on the market by various names such as
Oracle Enterprise Resource Planning (ERP), Oracle Apps, Oracle Applications, Oracle Financials, e-Biz and EBS (E-Business Suite).
In the past, it was a common practice for businesses and organizations to develop in-house software to automate their business processes. Most of the software that was developed in-house largely matched the precise needs of the business. However, the fundamental business flows and processes such as accounting, procurement, human resource/employee management, and order management are based on common principles across all organizations. For example, most organizations require a system to make purchases from suppliers and a system to make payments to the suppliers,events known as transactions that need to be accounted for in the financial reporting.
Enterprise Resource Planning (ERP) software prepackages different types of these functionalities into out-of-the-box software package, so that customers who purchase such software packages do not have to develop the same software applications time and again.
Oracle E-Business Suite is a product offering that covers almost all of the business flows widely used in most organizations. Businesses can implement as many modules as necessary due to the modular but still integrated nature of the E-Business Suite architecture. This allows unified information to be available across the enterprise; it also reduces information technology (IT) expenses and helps run business more efficiently.
On the contrary, managing heterogeneous software solutions developed in-house that use different systems and technologies can be extremely costly and complex.
Any time you update one system, you must go back and review all the integration points and potentially update the interfaces between the systems. Oracle E-Business Suite is engineered to work as an integrated system on a common IT infrastructure.
You can directly pass information from one application to another without incurring incremental integration costs.
families of the product
The product offering in E-Business Suite is organized into product families.
Some of the key product families are as follows:
- Financials
- Procurement
- Customer Relationship Management (CRM)
- Project Management
- Supply Chain Planning and Management
- Discrete Manufacturing
- Process Manufacturing
- Order Management
- Human Resources Management System (HRMS)
- Applications Technology
In E-Business Suite, each product family usually consists of individual applications.
For example, some of the applications that make up the Oracle Financials product family are General Ledger, Payables, Receivables, Cash Management, iReceivables,iExpenses, and others.
to know more about each family and its modules we will discuss in later blogs.
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