The latest generation of enterprise management systems is now based on cloud technology, with their user interface being similar to phone apps. The Oracle Fusion product family has followed this path and has become a global market leader. Oracle did not just migrate its existing solutions from legacy to cloud technology: they took the opportunity to rethink the various products, their relationships, and the processes they implement, and consolidated and streamlined them, with further improvements where necessary (e.g., reporting). The result is an ERP system that is easy to use, many of its functions can be automated, and can easily interface with other systems.
Oracle Fusion - Hungarian localization pack
With Oracle Fusion, Oracle relies heavily on its partner companies, both in relation with the deployments and the development of Fusion-related products.
In line with these trends, the Oracle Cloud Marketplace has been created where partners can offer their Oracle-approved, related products. Our product to ensure compliance with the Hungarian regulatory environment is also available here.
The package includes all the components that a company operating in the Hungarian market rightly expects from an ERP system, but that internationally developed products cannot necessarily provide. Some of these elements required development, others contain settings that require knowledge of the Hungarian situation, and yet some others are custom-developed reports.
Complementary solutions
We can complement the product package with many of our other solutions:
- Managing outgoing and incoming Electronic Public Procurement System (EKR) documents
- NAV General Form Filler (ÁNYK) loader
- Loading the supplier invoices received by NAV automatically into Fusion
- Document-related workflow management
- Document archiving in compliance with legal requirements
- Managing electronic outgoing invoices
Contents of the basic package
Submitting customer invoices online to the Hungarian Tax Authority (NAV)
Ad hoc reporting of customer invoices to NAV by sending them online in XML format, with the possibility of setting the start and end dates and the start and end invoice numbers
Invoice image, including the mandatory invoice elements described in §169 of the Law CXXVII of 2007 on value added tax, with the option of inserting a company logo
Handling of non-standard VAT situations
Functions to assist the VAT return
Possibility to create a general ledger report at any time
Buyer-supplier netting (aggregation of balances of partners with whom we have relations as both buyer and supplier))
Using different general ledger numbers when derecognizing fixed assets depending on the type of derecognition
Balance sheet and profit and loss account templates, which can be customized and queried at any time
Our services
Using our nearly 20 years of consulting and development experience with the previous Oracle products, we not only learned about the system, but also enhanced it with our own developments. We are proud to have a unique competence in Hungary regarding the Oracle Fusion product family.
In a fiscal and financial economic environment that brings about significant changes every year and sometimes requires a very fast reaction, this expertise and the accompanying IT solutions provide confidence, peace of mind, and ultimately, a competitive advantage to users. Moreover, the volatile market environment is aggravated by a rapid increase in labor costs, so it makes a difference whether a particular ERP or financial task is implemented in an automated manner.