Oracle General Ledger

Oracle General Ledger is a financial management solution that provides financial processing and management control. Oracle General Ledger supports a variety of journal processing options:

• Entry of journals by using journal templates for recurring and allocation journals. 
• Grouping journals to run in parallel or in a specific order in situations where each journal is dependent upon the results of the prior journal. 
• Scheduling journals to be automatically generated, posted, and even reversed based on a schedule you define.
• Uploading large volumes of journals, budgets, and currency rates using  spreadsheets. 

The journal approval process in Oracle General Ledger is integrated with Oracle Approvals Management and Oracle Workflow to enable you to automate the routing of journals to a variety of approvers and approval levels through highly flexible rules configuration.

Based on recent benchmarks, Oracle General Ledger achieved journal processing (importing and posting) speeds of 42 million journal lines per hour. In addition, Oracle General Ledger allows you to run transactions such as allocations, posting, reporting, and translation in parallel. 

Oracle General Ledger's interface simplifies the task of integrating with non-Oracle systems and importing large data volumes from external systems.


Key Features

• Flexible chart of accounts and reporting structures
• Centralized setup
• Simultaneous accounting for multiple reporting requirements 
• Compliance with multiple legislative, industry or geographic requirements 
• Spreadsheet integration for journals, budgets, reporting, and currency rates 
• Multi-ledger financial reporting
• Drilldowns to underlying transactions 
• Multi-ledger processing 
• Automated month-end close processing