Oracle Fusion Finance Consultant

Cloudious • Secaucus, NJ

1d

About The Position

This role is responsible for managing the full ProcuretoPay P2P lifecycle within the Oracle Fusion Cloud Financials environment. The position involves the processing, validation, and payment of vendor invoices and expenses while ensuring accuracy, compliance, and timely financial reporting. Success in this role requires a strong understanding of Oracle Fusion modules and their cross-functional integration. Proficiency with Oracle Fusion Cloud Accounts Payable product implementation and business support experience of 2-5 Years. We are looking for generalists with knowledge across Payables or Overall modules or specialists in specific modules. Candidate is expected to possess good understanding of accounting principles including GAAP and SOX. Effective communication skills to interact with business, technology, and operations users.

Requirements

• Proven experience working with Oracle E-Business Suite or preferably Oracle Fusion Cloud Financials and the Payables module.
• Indepth knowledge of accounts payable processes and best practices.
• Strong analytical, logical thinking, and problem-solving skills.
• Excellent communication and interpersonal skills for collaboration with internal and external stakeholders.
• Experience with automated invoice processing and financial reporting.

Nice To Haves

• Oracle Fusion modules and their cross-functional integration.
• Oracle Fusion Cloud Accounts Payable product implementation and business support experience of 2-5 Years.
• Generalists with knowledge across Payables or Overall modules or specialists in specific modules.
• Good understanding of accounting principles including GAAP and SOX.
• Functional/Integration experience with relevant Oracle Fusion modules: Oracle Fusion Cash Management (CM), Oracle Fusion General Ledger (GL), Oracle Fusion Tax, Oracle Fusion Expenses, Oracle Fusion Procurement, Oracle Fusion BI Publisher/OTBI.

Responsibilities

• Invoice processing: Manage the entire invoice processing cycle from receipt to payment. This includes receiving and entering invoices from suppliers through various methods including the online workbench, spreadsheets, or integrated intelligent document recognition (IDR) and OCR technologies.
• Invoice validation and matching: Validate invoices and perform two-way or three-way matching against purchase orders and receipts to ensure accuracy and prevent overbilling.
• Payment management: Initiate and manage payment process requests (PPRs) for single or multiple invoices. This includes scheduling payments based on terms, voiding payments, handling prepayments, and managing supplier refunds.
• Supplier management: Create and maintain supplier records and sites, including banking details and payment terms, while managing a self-service portal for vendors.
• Workflow and approvals: Configure and manage invoice approval workflows based on company policies. This involves setting up approval hierarchies and rules to ensure proper authorization.
• Reporting and analytics: Utilize Oracle Transactional Business Intelligence (OTBI) and the Payables Command Center to generate reports, analyze spending trends, identify exceptions, and monitor key performance indicators (KPIs).
• Period close: Perform and oversee period-end closing activities for the Accounts Payable module, including reconciliation and running necessary reports to ensure accurate financial results.
• Compliance and auditing: Maintain a complete audit trail of all transactions and processes. Ensure compliance with internal financial controls, tax regulations (e.g., 1099 reporting), and regulatory requirements.
• Issue resolution: Troubleshoot and resolve invoice holds, payment errors, and other transaction-related issues, often collaborating with other teams.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level