Extended ECM for Oracle Fusion for Finance

---

Processes and structured data are essential for any organization, but they are not the whole story. Valuable insights can also be found in unstructured content, such as documents and emails. ERP applications like Oracle Fusion Cloud Application are great at handling business processes, but they can struggle to manage unstructured content efficiently and collaboratively. Enterprise content management (ECM) applications, on the other hand, are designed specifically to manage unstructured content. This makes them a better choice for organizations that need to find and use insights from all of their data, including unstructured content. 

As businesses navigate their critical content and aim to establish robust information governance, the challenge is to ensure consistent governance across both structured process data and unstructured business content. Extended ECM for Oracle Fusion Cloud Application lays the groundwork for comprehensive information governance, fortified security, and unwavering compliance with regulations and policies. Experience a significant reduction in risk and cost as you embark on this transformative journey toward unparalleled efficiency and content-driven success. 

The integration between these two empowers users to operate at peak efficiency, harnessing the combined power of structured processes and unstructured business content, regardless of whether it is generated inside or outside of the Oracle Fusion Cloud Application. 

Extended ECM for Oracle Fusion Cloud Application also offers a seamless transition for those who need to extend their reach beyond the Oracle Fusion Cloud Application environment. Users can effortlessly continue their work on business processes and content, all while staying within their preferred ECM interface. 

The result is an intuitive and collaborative environment that enables users to work in the process context, whether they are in the Oracle Fusion Cloud Application or the OpenText Content Suite. This greatly improves productivity for your organization. 

Here are some specific benefits of using Extended ECM for Oracle Fusion Cloud Application: 

1. Improved productivity: Users can work in the process context, which means they can find the information they need quickly and easily. This reduces the time they spend searching for documents and allows them to focus on their work. 
2. Regulatory compliance: Extended ECM for Oracle Fusion Cloud Application helps you to comply with regulations like data protection, document retentions, records management by providing a centralized repository for all documents. This makes it easy to track and manage documents, and it reduces the risk of non-compliance. 
3. Better collaboration: Extended ECM for Oracle Fusion Cloud Application makes it easy for users to collaborate on documents. Users can share documents with each other, and they can make comments and revisions. This improves communication and collaboration within your organization. 
4. Centralized storage: Extended ECM for Oracle Fusion Cloud Application stores both Oracle Fusion cloud application documents and other unstructured content into a transactional-specific business workspace, this business workspace is special container that keep transactional information up to date with leading application thus removing the efforts to reenter the information which is already available in Fusion application.  
5. Reduced risks: Extended ECM for Oracle Fusion Cloud Application reduces the risks associated with inaccurate data access and over retention. This is because all documents are stored in a central repository, and users can only access documents that they are authorized to see. 
6. Better Document Governance: Storing content into ECM application help organizations to comply with a variety of regulations.  Document governance can help to mitigate risk by ensuring that sensitive information is properly protected and provides audit history. Document governance can help organizations to gain insights into their business by providing them with access to historical data, statistics based on centrally stored content. 

A report by Forrester estimates that extended ECM can deliver an average of 68% ROI over three years.

Here is how Extended ECM for Oracle Fusion Cloud Application for Finance can help your organization: 

• Extended ECM seamlessly integrating with Oracle Fusion Cloud Applications to enhance customer service, regulatory compliance, and operational efficiency. This solution empowers financial entities to centralize customer documents, such as account statements, loan agreements, and investment paperwork, this will help in improve findability, and reduce risks. Moreover, it unlocks the value of unstructured content across the enterprise, improving efficiency, reducing costs, and meeting legal requirements, all while ensuring compatibility and performance on the Oracle platform.
  
  The solution also optimizes the "Procure-to-pay" process by seamlessly integrating purchasing and accounts payable systems. This ensures efficient selection of goods and services while enforcing compliance and order adherence. Through centralized content management, xECM enhances decision-making, collaboration, and overall procurement efficiency within the Oracle Fusion Cloud environment. 

If you are looking for a solution to improve your organization's productivity, compliance, collaboration, and risk management, then Extended ECM for Oracle Fusion Cloud Application is a great option. It is a powerful and flexible solution that can be customized to meet the specific needs of your organization. 

At ONE ECM our team of experts is dedicated to providing unwavering support, ensuring a seamless integration with your existing Oracle Fusion Application. From implementation to ongoing assistance, we're here to optimize your information management processes.

Contact us to learn more or schedule a demo to see xECM in action and explore the possibilities it offers for your finance operations.

The xECM integration is available for the entire Oracle Fusion Cloud Applications Suite.