Managing accounts payables (AP) effectively is critical for maintaining smooth cash flow, strengthening supplier relationships, and avoiding costly penalties. For businesses using Oracle Fusion Cloud Applications, gaining insights into accounts payables data can be the key to achieving operational efficiency and financial stability. Orbit Analytics offers a powerful solution to unlock the full potential of your account’s payables reporting with Oracle Cloud reporting that helps you monitor, analyze, and optimize your payment processes. Orbit Analytics for Oracle Fusion Cloud’s Accounts Payable module is designed to give businesses the tools they need to optimize accounts payable with Oracle Fusion, mitigate financial risks, and make data-driven decisions. With prebuilt Accounts Payable KPIs and Dashboards along with advanced reporting features, Orbit Analytics helps you manage your payables with confidence and precision.

Key Features of Orbit Analytics for Accounts Payables

Orbit Analytics offers a comprehensive suite of features tailored to improve the efficiency and accuracy of your real-time accounts payable reporting. Here’s how it empowers businesses to manage AP data effectively:

Seamless Data Integration

Orbit Analytics seamlessly integrates with Oracle Fusion Cloud Applications, allowing businesses to extract data from Oracle’s ERP system and combine it with other data sources. Whether integrating data from other business applications or loading it into modern cloud data warehouses like Oracle Autonomous Data Warehouse (ADW), Amazon AWS Redshift, or Snowflake, Orbit ensures that all your AP data is centralized for easier reporting and analysis.

Prebuilt KPIs and Dashboards

With accounts payable KPIs and Dashboards, Orbit Analytics helps businesses gain immediate insights into their accounts payables. These analytics tools highlight key areas of AP performance, including payment trends, overdue invoices, and supplier management. You can start tracking your payment activities right away, no customization or coding is required.

Enhanced Security

As an Oracle Gold Partner, Orbit Analytics follows best practices in data security, ensuring that your sensitive AP data is protected. Orbit integrates seamlessly with Oracle Cloud ERP’s security framework, including user authentication, data governance, and compliance with industry standards. This means that your AP Workflow Optimization is handled with the same level of security as your core Oracle ERP system and Oracle Fusion.

How Orbit Analytics Helps Manage Accounts Payables

Orbit Analytics helps businesses gain comprehensive visibility into their accounts payables processes, enabling them to optimize workflows, reduce risks, and maintain a healthy financial position.

Minimize Overdue Payments and Mitigate Penalties

One of the most common challenges in accounts payables is managing overdue payments. Orbit Analytics enables businesses to track and analyze vendor payments, ensuring that payments are made on time and reducing the risk of incurring penalties. The solution provides insights into payment cycles, helping businesses identify overdue invoices and take immediate action to address them.

Gain Insight into Supplier Payment Trends

Orbit Analytics offers visibility into diverse supplier bases, providing valuable insights into payment trends and invoice activity. By analyzing your payment patterns, you can identify opportunities for cost savings and optimize your payment schedules to maintain strong supplier relationships. Understanding these trends helps you manage supplier expectations proactively and avoid late payments.

Ensure Adequate Cash Flow

Cash flow management is a constant challenge for businesses, especially when dealing large invoices and payments. Orbit Analytics provides a clear view of current and future payment obligations, allowing companies to ensure adequate cash is available for upcoming payments. With visibility into overdue invoices and pending payments, you can plan and avoid financial bottlenecks.

Key KPIs and Metrics for Accounts Payables Analytics

Orbit Analytics offers reliable KPIs and accounts payable metrics reporting to help businesses track and optimize their accounts payables processes. These KPIs are designed to measure payment efficiency, identify potential issues, and uncover opportunities for improvement:

• Amount Paid vs Invoice Amount: Compare the actual amount paid to the invoice amount to ensure payment accuracy.
• Past Due Payments: Track overdue payments to identify areas of concern and reduce late payments.
• Payments Due – Future: To ensure liquidity, stay ahead of upcoming payment obligations.
• Early Payments vs Count of Invoices: Monitor opportunities for early payments and potential discounts.
• Late Payments vs Count of Invoices: Identify trends in late payments and address inefficiencies.
• Average Cycle Time: Measure the average time it takes to process and pay invoices.
• Active Invoices: Monitor the status of active invoices to ensure timely processing.
• Pending Payments: Keep track of pending payments, including past due, current period, and future payments.

Businesses can identify inefficiencies in their AP workflow optimization Oracle Fusion by analyzing these metrics and implementing strategies to improve payment performance.

Key Areas Covered by Orbit Accounts Payables Analytics

Orbit Analytics provides in-depth reporting across several critical aspects of accounts payables, giving businesses the insights they need to AP workflow optimization with Oracle Fusion:

• Invoices and Payments by Period: View payments and invoices across different periods (monthly, quarterly) to identify trends and make better predictions.
• Top Invoices Waiting for Approval: Track invoices awaiting approval to avoid bottlenecks in the payment process.
• Top Suppliers by Invoice Amount and Hold Days: Identify suppliers with the highest invoice amounts and longest payment cycles to manage relationships effectively.
• Pending Payments by Period: Gain insights into real-time accounts payable reporting, which provides pending payments, whether past due, current period, or future, allowing for better planning and cash flow management.

By gaining visibility into these key areas, businesses can take targeted actions to streamline their accounts payables operations.

Benefits of Using Orbit Analytics for Accounts Payables

Orbit Analytics offers several key advantages for businesses using Oracle Fusion Cloud Applications to manage their accounts payables:

• Seamless Data Extraction and Integration: Extract and integrate data from Oracle Fusion Cloud and other data sources to get a complete picture of your AP processes.
• Prebuilt Data Models and Dashboards: Use prebuilt models and dashboards to quickly gain insights into your account’s payables without needing custom development.
• Real-Time Reporting and Insights: Make informed decisions with real-time data and analytics, keeping you agile in managing supplier payments and cash flow.
• Enhanced Data Security: Enjoy the same level of security as Oracle Cloud ERP, ensuring that your sensitive AP data is well-protected.

Orbit Analytics transforms your Oracle Fusion Cloud accounts payables data into actionable insights that drive better financial decision-making, improved cash flow management, and stronger supplier relationships.

Conclusion

In an environment where financial stability and supplier relationships are key to business success, Orbit Analytics for accounts payable analytics Oracle Fusion Cloud provides a powerful solution to optimize your payment processes. By providing deep insights into payment trends, overdue invoices, and cash flow, Orbit helps businesses mitigate risks, improve efficiency, and strengthen vendor relationships. With its seamless integration, prebuilt KPIs, and enhanced security, Orbit Analytics is the ideal solution for businesses looking to unlock the full potential of their Oracle Fusion Cloud Accounts Payables data. Transform your accounts payables today by taking the Orbit Analytics demo and experiencing the power of data-driven decision-making.