Oracle® Federal Financials Modules
The IBC does not subscribe to the "one size fits all" approach to cross servicing, though it does attempt to achieve economies of scale where practical by using standardized approaches and methods. We implement and support applications that are configured to meet each client's individual business practices and organizational environment. In the realm of Financial Management, the IBC has the ability and experience to support clients with Oracle® Federal Financials using the following modules and applications:
- Oracle Federal Administrator - provides the baseline for an integrated financial management solution, providing features such as Budget Execution and Funds Control functionality, ensuring the executed budget accurately reflects the current status of available funding as commitments, obligations, and expenditures occur against the executed budget throughout the fiscal year. Funds Control functionality ensures spending limits are not exceeded in accordance with federal appropriations laws.
- Oracle Purchasing - records obligations and automates purchasing to make buyers more productive, improves management of the supply base, and adapts to any procurement process. It also provides a store of policy and supplier information.
- Oracle iProcurement – allows for internal Federal requestors, buyers and/or approvers to individually order items. iProcurement assists in the streamlining of the procurement process with end-to-end business automation. It begins with the ordering process and provides powerful self-service requisitioning capability with an intuitive web based shopping interface. It constitutes a key component of the complete procure-to-pay business flow process. iProcurement enhances an agency's ability to process and manage requisitions and receipts of the requested goods and/or services in an efficient and automated manner.
- Oracle Procurement Contracts - creates and enforces better purchasing contracts throughout the enterprise while functioning as a key component of Oracle Advanced Procurement, the integrated suite that dramatically cuts all supply management costs.
- Oracle Accounts Payables - streamlines the back end (invoicing and payment) of the procure-to-pay process while providing strong financial controls. It integrates seamlessly with the General Ledger to ensure that proper accounting is provided for each transaction.
- Oracle Project Costing and Billing - provides the capability to record program allotments to four types of projects—Direct (core mission programs), Indirect (back office operations), Capital (programs that qualify on delivery as a depreciable asset), and Reimbursable Agreements. Costs are aggregated and managed delivering transaction-level visibility to costs incurred by cost account from the core financial system.
- Oracle Assets - streamlines the tracking of depreciable and non-depreciable assets. Asset transfers, disposals, reclassifications, and financial adjustments can be streamlined with integrated end-to-end business flows.Assets can be entered into Oracle Assets manually in three ways: Quick Additions, Detailed Additions, and through Accounts Payable Integration.
- Oracle Receivables - captures the various types of activity for which the receivable is being generated. It calculates interest charges, administrative charges, and penalties based on predefined rules to be applied to individual customer accounts.
- Oracle General Ledger - integrates with other critical financial functions to provide a complete financial representation of the organization. The General Ledger function maintains the primary set of accounting books, supports integration of transactions from feeder systems and is the principal source for financial statements.
- Oracle Discoverer - serves as a business intelligence tool for generating ad hoc queries, reporting, analysis, and Web publishing. Discoverer is also used as a retrieval only tool that works on a relational database whether it's designed for online transaction processing or as a data warehouse. The IBC offers a standard portfolio of financial reports to its customers. The portfolio includes the 1010 Cash Report, budget execution reports, fixed asset reports, GL line detail reports, invoice reports, open obligation reports, prepayment reports, trial balance reports, unmatched expenditure reports and consolidated financial statements, among others.
- Oracle Daily Business Intelligence - is a web-based analysis and reporting tool. DBI role-oriented dashboards provide business performance information for key performance indicators such as revenue, expenses, and profit margin.They can highlight trends, which can then be further analyzed by drilling into more details. These pre-built Intelligence dashboards are available for Financials, Human Resources, Projects, Supply Chain, Procurement, and other lines of business.