Oracle Financials Accounting Hub (FAH) allows you to efficiently create detailed, auditable, reconcilable accounting from a variety of source systems and it address the complex demands of centralizing financial operational data, standardizing accounting and reporting policies, and accelerating regulatory information and management reporting cycles.
It is basically standalone Subledger Accounting (SLA), it allows you to use Oracle SLA and GL to perform the accounting for third party applications.
Financial Services Accounting Hub is a separately licensable product.
What is in the hub?
-Transformation of information from disparate systems into centrally and consistently maintained accounting repository.
-Create and store rules for the transformation of data.
-Secure both information and setup definitions.
-Load journal entry information into the accounting repository.
In 11.5.10, the Oracle AP, AR, FA modules have their own respective accounting engines to derive the accounting to Oracle GL. However, in R12, AP, AR, FA and many of the eBusiness Suite modules will use Subledger Accounting (the FSAH engine) to derive the accounting to Oracle GL. The version of FSAH that you have is not setup to derive the accounting from the subledger products (AP, AR, FA) at this time, so FSAH plays no role in interacting with the Oracle Subledgers in 11.5.10.
FSAH is only available in Release 12. FSAH requires the R12 General Ledger.
The E-Business Suite for Release 12 will use subledger accounting (SLA), which is the engine for FSAH and it will allow integration from AP, AR, and FA to GL.
FSAH is designed to work with Oracle and non-Oracle Applications; therefore, with some customization, FSAH can also work with EBS 11i--i.e., you can integrate the two ledgers from 11i and R12.
Note: FSAH is renamed and it is now called as FAH, FAH is only available in Release 12. FAH requires the R12 General Ledger.FAH is only available in Release 12. FAH requires the R12 General Ledger.
Financials Accounting Hub (FAH) is an offering that enables financial institutions to address the complex demands of centralizing financial operational data, standardizing accounting and reporting policies, and accelerating regulatory information and management reporting cycles. Financials Accounting Hub is a separately licensable product. It is basically standalone Subledger Accounting (SLA). This solution is being offered to Oracle and non-Oracle customers. It was originally intended to fill a market need in the financial services industry -- i.e., banks and financial institutions; however, it is now being offered to customers in other industries such as paint manufacturers, insurance companies, and the healthcare industry.
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