Difference between OFSAA and Oracle BI Financial Analytics

Difference between OFSAA and Oracle BI Financial Analytics

Oracle Financial Services analytical applications  (OFSAA)
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OFSAA is a suite of applications (previously named OFSA) for the Financial Services industry. Nothing to do with OBIA Financial Analytics. OFSAA = Oracle Financial Services Analytical Appliations. This suite has the following modules: Funds Trandfer Pricing, Profitability Management, Assets and Liability Management and Balance Sheet Plannig. There are two additional products built over OBA for reporting/analysis of the OFSAA results: ALM Analytics and Profitability Analytics.

For more details , please visit our site here.
Entire OFSAA documentation can be found downloaded from here.
PDF documentation.


Oracle Financial Analytics:
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Oracle Financial Analytics provides organizations with better visibility into the factors that drive revenues, costs, and shareholder value. With dashboards that track key performance indicators (KPIs), managers can see how staffing costs and supplier performance correlate with increased revenue and customer satisfaction. Oracle Financial Analytics also offers insight into the general ledger, product or customer profitability, actual performance versus budget, and payables and receivables. As a result, managers are empowered to make the best decisions, close the books faster, and comply with all regulatory laws.
Dashboards and alerts allow financial and business managers to monitor financial performance in real-time. Detailed financial reports generated at a greater frequency and delivered to a broader range of users allow managers to understand how their business is performing while there is still time to make adjustments. Oracle Financial Analytics enables companies to more effectively manage their financial performance and improve business by
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Analyzing detailed, transaction-level data to understand the factors driving revenue, cost, and profitability across business units, geographic locations, sales territories, customers, products, and distribution channels in time to take action
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Optimizing cash flow through detailed accounts receivable, accounts payable, and inventory analysis
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Enhancing regulatory reporting to reduce the time it takes to generate periodic financial statements or reports for regulatory compliance to laws such as the Sarbanes-Oxley Act
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Ensuring budget compliance with effective expense controls that deliver expense line details to departmental managers in time to take corrective action
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Improving cash collections and reducing days sales outstanding (DSO) by identifying slow-paying customers or those with billing issues

More details can be found here.

When should we use OBIA Financial analytics and when should we use a OFSAA solution?

if you planning to use this for Financial Services organizations.like banks ?

Or are you using this for eBS financials?

For example, if you are using eBS financials then then horizontal OBIA apps will be good

If you are in Financial Services then you might benefit from the vertical OFSAA.

Based on the source application you can choose which one to select.