Tuesday Aug 23, 2011

Fusion Accounting Hub

With the earlier request, I wanted to take a moment to discuss the Fusion Accounting Hub.  First of all, it is a separately licensed product just as is the Financial Accounting Hub in EBS.  However, Fusion Accounting Hub is different in that it has two modes of implementation:

Integration Platform

The Fusion Accounting Hub can be used as an integration platform where the Subledger Accounting module can be used to create accounting entries that post to your existing General Ledger.  This is very similar to how the Financial Accounting Hub works.  You would use this option if you're satisfied with your current implementation, but you have external systems for which you would like to generate accounting entries and post to your current GL.

Reporting Platform

The primary difference with the Fusion Accounting Hub is the ability to use it as a reporting platform.  In this option you would post your journals (or balances) from your existing implementation to Fusion General Ledger.  You may be wondering why someone would want to do this.  The primary reason is the innovative functionality built-in to Fusion GL, including the cube, Financial Reporting, Smart View, and the GL Dashboard.  This may be an attractive option for companies that are in need of better analysis and reporting functionality in their General Ledger without re-implementing an entire suite of applications.

Hopefully, this helps explain the Fusion Accounting Hub a bit more, but as always, if you have any questions, feel free to leave us a comment.


About

This blog will be used by Financials Strategy group to discuss various Fusion Financials topics. Want to know more? Just ask.

Search

Categories
Archives
« April 2014
SunMonTueWedThuFriSat
  
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
   
       
Today