3.1 Functional Scope We are seeking a managed service provider to deliver comprehensive support for the Oracle Fusion Financials suite, covering key functional areas, including but not limited to General Ledger, Procurement, Accounts Payable, Accounts Receivable, Asset Management, Inventory Management, Order Fulfillment, and Financial Reporting & Reconciliation. • General Ledger and Financial Report o Provide end-to-end support for General Ledger (GL) functions, including journal entries, financial close processes, balance sheet reconciliations, and reporting. o Support for month-end and year-end close activities, ensuring accurate financial reporting and compliance with accounting standards. o Ensure seamless integration between GL and other modules, delivering timely, accurate financial statements and regulatory reports. • Project and Grant Management o Support project and grant lifecycle management, including budget creation, cost tracking, revenue recognition, and project billing. o Ensure compliance with grant reporting requirements and proper allocation of costs and revenue in accordance with project and grant contracts. o Oversee integration with financial modules to ensure accurate project-based financial reporting and management. • Procurement and Accounts Payable o Manage and optimize the procurement process, from supplier management and purchase orders to invoicing and payments, ensuring efficiency, accuracy, and compliance. o Support for accounts payable functions, including invoice processing, payment disbursements, and reconciliation with purchase orders and receipts. • Asset Management and Fixed Assets o Oversee asset lifecycle management from acquisition through depreciation, tracking, and retirement. o Support fixed asset processes, ensuring accurate asset tracking, valuation, and reporting in compliance with accounting standards. • Inventory and Warehouse Management o Provide support for inventory tracking, warehouse operations, and stock management, ensuring accurate data flows into financial reporting for cost tracking and reconciliation. o Ensure efficient inventory management and optimization of stock levels to meet business demands.
