What are the two benefits of having the Essbase cube embedded in Fusion General Ledger?

Question

Options

• AGeneral ledger balances are multidimensional, allowing you to perform robust reporting and
• BYou can access real-time results for reporting and analysis because every time a transaction is
• CYou no longer need to create and maintain hierarchies because the Essbase cubes are created
• DPosting performance is much faster.
• EIntegrating with third-party systems is easier because the Essbase cube provides chart of

• A
  83% (19)
• C
  4% (1)
• D
  9% (2)
• E
  4% (1)

Explanation

Essbase cube stores balances from multiple data sources in multidimensional cubes. Users interact, report, and analysis data in real time and along business dimensions and hierarchies in Fusion Applications. Fusion Accounting Hub leverages Fusion General Ledger and Fusion General Ledger combines traditional general ledger functionality with embedded Oracle Essbase. Fusion Accounting Hub's reporting platform provides real-time access to financial information with exceptional reporting and analytics capabilities to all users. This makes reporting platform unique with its embedded multi-dimensional data model that leverages Oracle Essbase, the market leading online analytical processing (OLAP) server. The purpose of embedding the Essbase cube with this reporting platform is: - This allows to store large quantities of data in a way that can be accessed rapidly. - Also this helps to manage and organize this data for fast and powerful retrieval for immediate decision support

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