Oracle Financials Cloud: Modern Finance 1 | Page 9

Optimize Optimize You want solutions that adapt to the way your organization and its people work. Oracle Financials Cloud provides standardized business processes tailored to industry needs and business process flows. Shared Services Oracle’s approach to shared services is to standardize business processes across global operations, centralize and consolidate functions and systems, and automate everywhere to reduce rework and errors. Centralized payments in Payables and Receivables allows a single business unit to consolidate supplier or customer payments for multiple business units thereby reducing costs and increasing operational efficiency. Global Support Oracle Cloud Applications support 24 languages in more than 50 countries. Oracle’s globalization support enables you to process and retrieve data in native languages. Database utilities, error messages, date, time, and monetary conventions automatically adapt to any native language and locale.