Fusion + GL = GL3

For those of you that have forgotten algebra, GL3 is GL cubed, that's an Oracle Essbase cube to be precise.  The idea behind incorporating the cube into Fusion GL was to give users the powerful  multi-dimensional analysis capabilities, but wait, it's even better.....

The cube contains real-time balances.  Meaning that when a journal is posted, the balances in the cube are updated.   And not only the detailed balances, but the balances for all levels of the hierarchies over different dimensions too.  In short, this means that there's no longer  any processes needed to calculate summary balances.  Oh, and, you can have multiple hierarchies or versions of hierarchies over any dimension, and they're all updated during posting.

Still not convinced?  There's more.....Smart View, Financial Reporting, Allocations, Account Monitor, and Account Inspector all powered by cube.

Stayed tuned.  Over the next few weeks, I'll go into more details around what makes Fusion Financials better and more on the power of the cube.  In the meantime, if there's something that you would like to know, leave a comment and we'll put it on the list of topics for future posts.

Comments:

Hi Joe,
A suggestion for a possible future post:

In E-Business Suite R12 we have General Ledger, and we have Subledger Accounting (SLA). In addition, customers can also purchase a FAH (Financials Accounting Hub) license which allows them to leverage the SLA technology to integrate external systems with R12 GL.

Then in Fusion Financials, we have the concept of "Fusion Accounting Hub", which includes GL + SLA + Cube reporting. However, I do not see any additional license similar to R12 FAH being available in Fusion.

Does this mean that a Fusion Accounting Hub license allows customers to connect Fusion Financials to external systems (e.g. billing system), and there is no need anymore to purchase an additional license, like in E-Business Suite R12?

Thanks,
Sven

Posted by Sven Van Leemput on July 20, 2011 at 01:39 AM PDT #

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