Oracle FLEXCUBE

RATING:

4.0

(5)
Overview

About Oracle FLEXCUBE

Oracle FLEXCUBE is a banking management and loan servicing solution that helps businesses design, launch, and manage financial products based on multiple parameters, such as languages, currencies, entities, countries, markets, customers, and more on a centralized platform. Fund companies and distribution houses can create and manage products across multiple fund types, investor accounts, fee types, and transaction types. Oracle FLEXCUBE allows staff members to utilize the microfinance module to manage loan disbursement, track nonperforming assets, monitor repayments, handle customer collaterals, access credit histories, and manage accounting in compliance with global regulatory guidelines, such as FATCA, CRS, and more. It lets users manage lending, deposits, Islamic b...

Oracle FLEXCUBE Pricing

Please get in touch with Oracle for pricing details.

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Oracle FLEXCUBE customer portfolio
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Oracle FLEXCUBE Reviews

Overall Rating

4.0

Ratings Breakdown

Secondary Ratings

Ease-of-use

3.5

Customer Support

4.5

Value for money

4

Functionality

4.5

Most Helpful Reviews for Oracle FLEXCUBE

5 Reviews

Ruby

Information Technology and Services, 10,000+ employees

Used daily for more than 2 years

Review Source: Capterra
This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

4

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed February 2023

End to end transaction processing system

My overall experience has been exceptionally well. The patch files are very straightforward and easy to implement for bulk uploads. The SQL queries are pretty simple to search and locate data and almost works real time with the front end system.

PROS

Oracle Flexcube is one of the best applications that you can use for your investor and client financial services. The tool is very robust and can store huge number of data. It can be used for investor maintenance, transaction processing, payment processing, etc. The set up of funds is very systematic and rationalises a lot of subordinate functions.

CONS

Amongst all the great features, Flexcube somewhere lacks in performance fee calculation and that's where organisations providing financial services for their client who are into alternate funds business might not consider Oracle Flexcube.

Reason for choosing Oracle FLEXCUBE

The primary reason for going with Oracle Flexcube is it's features. The tool has multiple features that meets our requirement for the Transfer Agency Business. It is easy to use and requires little or no training. Roles can be defined very easily so you can have segregation of duties and you get features like Re-key for added accuracy.

Muzammal

Banking, 5,001-10,000 employees

Used daily for more than 2 years

Review Source: Capterra
This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.

OVERALL RATING:

4

EASE OF USE

3

VALUE FOR MONEY

4

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed August 2022

Review - Oracle FLEXCUBE

Its been proven to be a good banking software despite of some draw backs. It covers the core banking functions impressively.

PROS

There are five major modules which a banking software must cover. These are customer funds deposit/ withdrawal module, loan & accounting module, general ledger module, customer information module and the reporting modules. The Flexcube cover all of these modules impressively. It provide great support to the front end team with its dynamic features.

CONS

One issue with the Flexcube which we are using is that it is web based system immensely depends upon the browser and internet speed. In case there is problem with the internet service provider or system browser, it effects the functionality of the software i.e slow processing of transactions. Another issue is with the menus which are quite confusing. Its been difficult to user menus to find the desired option so mostly we need to memorize related keys for the transactions to open/ execute to process the transaction.

User Profile

Hassan

Verified reviewer

Banking, 5,001-10,000 employees

Used daily for more than 2 years

Review Source: Capterra
This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.

OVERALL RATING:

3

EASE OF USE

2

VALUE FOR MONEY

3

CUSTOMER SUPPORT

2

FUNCTIONALITY

3

Reviewed July 2022

Review for Oracle FLEXCUBE

As for banking sector, its not so good in term of interactive user interface. Its quite difficult to use and its menu/ options are not so good. Most often, the users need to memorize function keys to execute transactions.

PROS

Its good for banking system especially for online banking and other allied services. Further its security is quite solid.

CONS

It has bad menus, very difficult to find things from the menus if you don't know the function keys. Its reporting is quite bad, you need another reporting system to check any information.

Sudhir

Financial Services, 10,000+ employees

Used daily for more than 2 years

Review Source: Capterra
This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.

OVERALL RATING:

4

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed January 2023

A complete transaction processing tool for fund management

I have used this tool for close to 8 years and the application has outperformed the expectations most of the time. The system is well integrated and also enables four eye validation and re-key like features.

PROS

Oracle Flexcube is a comprehensive tool for all your fund management requirement. some of the key features that I like is the transaction capture, payment processing, static data maintenance.

CONS

Oracle Flexcube doesn't have it's own reporting capability and is integrated with tools like SAP Business Objects to run the reporting. Also, some of it versions doesn't have the capacity to calculate performance fees and hence can't be used for alternate funds.

Sameer

Financial Services, 10,000+ employees

Used daily for more than 2 years

Review Source: Capterra
This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.

OVERALL RATING:

4

EASE OF USE

3

VALUE FOR MONEY

4

FUNCTIONALITY

4

Reviewed December 2022

Strong core banking application - the king in the industry

PROS

Extremely feature rich and has the good user interface.

CONS

Too cluttered with data fields. Some changes of collapsible interface could help reduce the clutter.

Reasons for switching to Oracle FLEXCUBE

Standardization

5 Reviews