1. Getting Started with Oracle Financial Services Cloud
  2. Basic Configurations To Get You Started

6 Basic Configurations To Get You Started

There are some basic configurations that are required to set up Oracle Financial Services Cloud. You need to perform these configurations prior to going ahead with your Cloud Service specific configurations.

Note:

Make all basic configurations on the Non-Production tenancy, unless specifically mentioned otherwise.
The three main set of configurations that are required for Oracle Financial Services Cloud, irrespective of the Cloud Service you have subscribed to are:
  1. Creating Corporate hierarchy: This involves creating a company (or multiple companies) and if needed, a hierarchy of companies.
  2. Creating Users: This involves creating employees and operators for each of the tenancies
  3. Defining Entitlements for Users: This involves configuring transactions, creating groups of these transactions, creating groups of users and then associating transaction groups to these user groups.

Figure 6-1 Basic Configurations

Basic Configurations

Note:

Follow these instructions while performing each of these configurations:
  • Log in to Oracle Financial Services Cloud using OracleFSCloudAdmin account.
  • Create a new Config ID, or select an existing Config ID before making configuration changes (except while creating Users).

Table 6-1 List of Basic Configurations

Configuration Purpose Prerequisites
Creating Operations Company Map your organization's corporate hierarchy by creating companies in Oracle Financial Services Cloud. You can add or remove companies at a later point of time; however it is highly recommended to establish the company hierarchy before going ahead with configuring your selected cloud services.
  1. Creating Config ID or Using an Existing Config ID
  2. Configuring Company ID Generation
  3. Associating Company ID Generation Configuration with Tenant
Creating Marketing Company Map products to a business unit. An Operations Company can support a Marketing Company or the other way around.
  1. Creating Config ID or Using an Existing Config ID
  2. Configuring Company ID Generation
  3. Associating Company ID Generation Configuration with Tenant
Creating Employee as Operator Create all employees in your organization who need access to Oracle Financial Services Cloud as Operators.

Note:

You need to create Operators separately in each of the tenancies; that is, in Non-Production, Pre-Production and Production tenancies.
Creating Operations Company
Configuring Transaction Configure all transactions that a user would possibly perform in Oracle Financial Services Cloud. This ensures that each user is given entitlements that are appropriate for their function.

Note:

Some of the basic transactions are available pre-configured.
Creating Config ID or Using an Existing Config ID
Creating Transaction Group Group Transactions related to a function for ease in maintenance of entitlements.
  1. Creating Config ID or Using an Existing Config ID
  2. Configuring Transaction

Creating User Group

Adding Users to User Group

 Group Users who perform similar functions for ease of maintenance.

Note:

You need to create User Groups separately in each of the tenancies; that is, in Non-Production, Pre-Production and Production tenancies.
  1. Configuring User Group ID Generation
  2. Associating User Group ID Generation Configuration with Tenant
Associating Transaction Group with User Group This ensures that all users within the user group receives access to all transactions within the transaction group; thereby providing them with appropriate entitlements required for their role.

Note:

You need to associate Transaction Group with User group separately in each of the tenancies; that is, in Non-Production, Pre-Production and Production tenancies.
  1. Creating Transaction Group
  2. Creating User Group