Friday, 14 August 2020

Overview of Enterprise structure in oracle cloud

What is Enterprise structure in oracle cloud

Overview of Enterprise structure in oracle cloud

In this article we will see how the Overview of enterprise structure exists in oracle cloud. We will mainly focus on the relationship of the Enterprise, Legal Entity and Business Unit. We will also see how a enterprise structure is defined in oracle cloud. We will have a detailed discussion of enterprise structure exist in oracle cloud.

What is Enterprise? or What is enterprise structure in oracle cloud?

An enterprise is a comprised of legal entities which shares common control and management. An enterprise organization holds the name of the underlying enterprise and the location of the head offices.

Financial enterprise structures in oracle cloud are the entities which are used to define the reporting, legal and business aspects of any enterprise

Oracle cloud is designed to ensure that any enterprise can be incorporated to meet legal and management objectives.

While implementing oracle cloud your decisions are affected by your:

• Industry

• Business unit requirements for autonomy

• Business and accounting policies

• Business functions basically performed by its business units.

• Locations of facilities

Every enterprise is composed of three base structures legal, managerial, and functional, which are used to describe their operations and used as base for reporting.

Overview of Enterprise structure in oracle cloud or fusion

In Oracle Cloud, enterprise structure is slightly different from the Oracle EBS. In Oracle Cloud, enterprise structure starts with 'Enterprise'. After Enterprise, we have Legal Entities In enterprise structure in Oracle Cloud.

After Legal Entities, we have Ledgers in enterprise structure. Now in enterprise structure in Oracle Cloud, there is difference in the Ledger Assignment. In Cloud, Two Legal entity can assign to the single Ledger.

After Ledgers, we have Business Unit in enterprise structure in Oracle Cloud. It comes in the fourth Place. There is also a difference as compared to Oracle EBS. In Oracle EBS, we do call Operating Unit but In Oracle Cloud, we do call the Business Unit.

After Business Units, we have of Inventory Org In enterprise structure in Oracle Cloud. It comes AT Fifth place.