1. Getting Started with Your Financials Implementation
  2. Overview of the Financials Configuration for Rapid Implementation

Overview of the Financials Configuration for Rapid Implementation

Simplify your setup and focus only on the critical steps by using the Define Financials Configuration for Rapid Implementation task list.

The rapid implementation task list includes tasks that are:

  • Critical for initial setup

  • Required by most users

To create an implementation project that includes the Define Financials Configuration for Rapid Implementation task list, use the Manage Implementation Projects page in the Setup and Maintenance work area. The application implementation manager can edit the task list and assign and track each task.

Note: You can change the standard setup configuration in the rapid implementation task list. Simply add the standard Financials offering task lists and tasks to your rapid implementation project to update your setup.

Task Lists

The Define Financials Configuration for Rapid Implementation task list include the following task lists for specific functional areas within your Oracle Financials Cloud implementation:

Task List

Description

Define Common Financials Configuration for Rapid Implementation

Common configuration for Oracle Financials Cloud rapid implementation, which includes enterprise structures and banks setup.

Define Transaction Taxes for Rapid Implementation

Tax setup to address local and international tax requirements.

Define Financials Security Configuration for Rapid Implementation

User and data roles setup for Oracle Financials Cloud rapid implementation.

Define Ledger Configuration for Rapid Implementation

General Ledger rapid implementation that includes general ledger and intercompany.

Define Financial Reporting Center Configuration for Rapid Implementation

Financial Reporting Center rapid implementation that includes setup for financial reporting and integration with planning and financial management applications.

Define Invoicing and Payments Configuration for Rapid Implementation

Invoicing and payments configuration for Payables rapid implementation.

Define Expenses Configuration for Rapid Implementation

Corporate expense policies and rules, expense types, and expense report approval rules for Expenses rapid implementation.

Define Fixed Assets Configuration for Rapid Implementation

Configuration for Assets rapid implementation.

Define Receivables Configuration for Rapid Implementation

Configuration for Receivables rapid implementation.
Note: Remember to perform the Open First Period task since it's required and a part of the Define Financials Configuration for Rapid Implementation task list.

Configuring Rapid Implementation Tasks Lists

Depending on the applications you're implementing, you can simplify your task lists even more. For example, if you're only implementing Receivables, you can remove the following task lists from your implementation project:

  • Define Invoicing and Payments Configuration for Rapid Implementation

  • Define Expenses Configuration for Rapid Implementation

  • Define Fixed Assets Configuration for Rapid Implementation

Related Topics