Difference of Payables in E-Business Suite and Oracle Fusion Applications

Someone asked recently: "Are there any functionality gaps between EBS AP and Oracle Payables Cloud?"

My response: "There are only a few differences, mainly with Fusion having the latest features compared to EBS."

Below is a quick table showing some key features missing from Payables E-Business Suite.

Information is updated as of April 4, 2019

Advantages of using Oracle Fusion Applications over E-Business Suite

Last Updated: March 30, 2019

Just sharing some of my notes on some advantages of using Oracle Fusion Applications as compared to Oracle E-Business Suite R12. This might get updated over time as I go along my journey on the Cloud. :)

• Oracle Fusion Applications already has seeded Business Intelligence & Analytics, and Essbase (formerly known as Hyperion) is already integrated with General Ledger for Multi-Dimensional reporting. On the other hand you would need to purchase separate licenses for Oracle E-Business Suite, Hyperion and Oracle Business Intelligence.
• Has already built-in Invoice Imaging for invoice integration with third-party organizations. A Vendor just needs to send a scanned copy of an Invoice to a specific email address used by the system and Oracle Fusion automatically puts it into the Interface for processing.
• Allows the use of SOAP Web Services for data integrations with third-party organizations (using the built-in ERP Integration Service) and already supports data encryption.
• Simplified Look and Feel and easier navigation.
• Oracle Fusion Applications already has a Social Network within the application for messaging and file-sharing within the organization (though I believe this will be highly unused as Microsoft already has an established messaging application such as Teams and Skype for Business).
• The fact that you won't need to install a Java plugin makes everything so much easier. Just navigate to the application's URL and you're already set.
• You only need to setup your configurations from one place ("Setup and Maintenance") unlike in EBS where you have to navigate to each application's Super User responsibility.
• The use of Business Intelligence applications such as Infolets, Infotiles and Sunburst for better and faster decision-making based on real-time data.
• Centralized Financial reports in Financial Reporting Center (FRC) and provides a multitude of seeded reports that cater to government requirements
• Easily accessible from Mobile phones, just use a browser
• Spreadsheet Integration for most Financial Applications (Recievables, Payables, Assets, GL, etc.) to be used for data entry, correction, deletion or data updates.