Oracle Financials Cloud API Essential Guide

What type of API does Oracle Financials Cloud provide?

Oracle Financials Cloud provides both REST and SOAP APIs:

REST APIs

Oracle Financials Cloud provides REST APIs to view and manage data stored in the system.

SOAP APIs

Oracle Financials Cloud also offers SOAP web services. Specifically, the SOAP APIs are secured by a global server-side policy called "oracle/wss11_saml_or_username_token_with_message_protection_service_policy".

Key Points

• Oracle provides both REST and SOAP web services for integrating with and extending Oracle Financials Cloud.
• The REST APIs follow typical REST architectural principles, using HTTP requests and responses to view and manage data.
• The SOAP APIs use XML-based protocols and are suitable for enterprise-level integrations where security is critical.
• Oracle does not allow creating custom web services or customizing existing ones in Oracle ERP Cloud. Only standard web services provided by Oracle can be used.

Summary

Oracle Financials Cloud offers both REST APIs and SOAP web services to enable integration and extension of the application. Developers can choose the appropriate API type based on their specific integration requirements.

Does the Oracle Financials Cloud API have webhooks?

Based on the search results provided, it appears that the official Oracle Financials Cloud API does not have webhooks. The search results do not contain any information specifically about Oracle Financials Cloud API webhooks. Instead, the results focus on webhooks in other Oracle products like Oracle Content Management, Oracle Developer Cloud Service, and Oracle CX Commerce.

However, I can provide some general information about webhooks in Oracle cloud products based on the search results:

Key points to consider:

1. Webhook types:

   • Some Oracle cloud products offer both incoming and outgoing webhooks.
   • Incoming webhooks allow external applications to send notifications to Oracle products.
   • Outgoing webhooks allow Oracle products to send notifications to external applications.

2. Event types:

   • Different Oracle products support various event types for webhooks. For example:
     • Oracle Content Management supports events related to asset publishing, asset lifecycle, site publishing, prerendering, and scheduled jobs.
     • Oracle Developer Cloud Service supports events like Git push, issue updates, merge request updates, and build completions.
     • Oracle CX Commerce supports both asynchronous event webhooks and synchronous function webhooks.

3. Configuration:

   • Webhooks can typically be configured through REST APIs or administrative interfaces.
   • Configuration options may include specifying target URLs, authentication methods, and event types to subscribe to.

4. Payload:

   • Webhook payloads usually contain information about the event that triggered the webhook, such as the event type, timestamp, and relevant data.

5. Security:

   • Webhooks often include security features like token-based authentication or signature-based security.

Conclusion:

While the search results do not provide information about webhooks specifically for Oracle Financials Cloud API, it's clear that Oracle does support webhooks in various other cloud products. If you need to integrate with Oracle Financials Cloud, you may want to explore other integration options or contact Oracle support for more specific information about available integration methods for that particular product.

Rate Limits and other limitations

Based on the search results provided, here is a summary of the API rate limits for Oracle Financials Cloud API:

API Rate Limits

The search results do not provide specific information about Oracle Financials Cloud API rate limits. However, they do offer insights into rate limiting for other Oracle APIs, which may be indicative of Oracle's general approach to API rate limiting:

1. Oracle APIs are subject to rate limiting to protect API service usage for all customers [1].

2. Rate limits vary depending on the type of identity domain and API group [1].

3. Different limits are set for authentication, token management, and other API operations [1].

4. Limits are typically defined on a per-second and per-minute basis [1].

Key Points to Consider

• The exact rate limits for Oracle Financials Cloud API are not specified in the provided search results.
• Oracle implements rate limiting across various APIs to ensure fair usage and protect their services [1].
• Rate limits can vary based on the type of API operation and the service tier [1].
• Exceeding rate limits typically results in a 429 (Too Many Requests) error response [2][5].

Best Practices

When working with Oracle APIs, it's advisable to:

1. Cache results whenever possible to reduce the number of API calls [5].
2. Use logging to monitor your API request frequency and adjust accordingly [5].
3. Implement error handling for 429 responses to manage rate limit exceedances [2][5].
4. Consider the specific needs of your application when choosing a service tier, as higher tiers often have higher rate limits [1].

Additional Information

While not specific to Oracle Financials Cloud API, some Oracle APIs have the following characteristics:

• Oracle CRM On Demand's REST API has a limit of 30 requests per minute [2].
• Oracle Primavera Cloud API has a maximum rate limit of 55 requests per second, potentially extending to 65 requests per second in some cases [5].

It's important to note that these limits may not apply to Oracle Financials Cloud API. For accurate and up-to-date information on rate limits for Oracle Financials Cloud API, it would be best to consult the official Oracle Financials Cloud API documentation or contact Oracle support directly.

Latest API Version

Based on the search results provided, here is the answer to your question:

The most recent version of the Oracle Financials Cloud API is not explicitly stated in the search results. However, we can infer some information about the API versioning:

Key Points:

1. The Oracle Financials Cloud API documentation was last updated in August 2024.

2. Oracle provides REST APIs to view and manage data stored in Oracle Financials Cloud.

3. For other Oracle cloud services, such as Oracle API Platform Cloud Service, version information is provided in the form of release numbers (e.g., Release 23.3.1 - July 2023).

4. For Oracle Enterprise Performance Management Cloud, which includes various financial management components, the API versions are specific to each business process and can be obtained using the "Getting API Versions" endpoint for each service.

Conclusion:

While the exact version number of the most recent Oracle Financials Cloud API is not provided, it's likely that the API is updated regularly along with the cloud service itself. To get the most up-to-date version information, you would need to:

1. Check the official Oracle Financials Cloud documentation for any version-specific information.
2. Use any available "Getting API Versions" endpoint within the Oracle Financials Cloud API, similar to other Oracle cloud services.
3. Contact Oracle support for the most accurate and current version information.

It's important to note that cloud-based APIs often follow a different versioning scheme compared to traditional software, with updates being rolled out continuously. The last update date of August 2024 for the documentation suggests that the API is kept current with the latest features and improvements.

How to get a Oracle Financials Cloud developer account and API Keys?

To get a developer account for Oracle Financials Cloud to create an API integration, you'll need to follow these steps:

1. Obtain Access to Oracle Financials Cloud

First, you need to have access to an Oracle Financials Cloud instance. This typically requires a subscription or license from Oracle.

2. Create an Integration User and Role

You'll need to create a specific user and role for API integration:

1. Connect to Oracle Financials Cloud as a user with the IT Security Manager role.
2. Navigate to the Security Console (Tools > Security Console).
3. Create a new role called AIA_FIN_DISCOUNTS:
   • Set Role Name and Role Code to AIA_FIN_DISCOUNTS
   • Set Role Category to "Financials - Job Roles"
   • Add the AP_MANAGE_BUYER_DISCOUNT_OFFERS_PRIV function security policy
4. Create a new user account named AIA_INTEGRATION:
   • Fill in all required fields in the User Information section
   • Assign the AIA_FIN_DISCOUNTS role to this user
5. Schedule a process to import the user and role security data:
   • Navigate to Scheduled Processes
   • Schedule a new process of type "Job" named "Import User and Role Application Security Data"
   • Submit the process and wait for it to complete successfully

3. Set Up API Platform Cloud Service (Optional)

If you want to manage your APIs through Oracle API Platform Cloud Service:

1. Connect to an Oracle API Platform Cloud Service instance.
2. Create a new API or add your integration to an existing API.
3. Configure the API endpoint URL and other settings as needed.

4. Obtain REST API Credentials

Once the integration user is set up, you can use its credentials (username and password) to authenticate REST API requests to Oracle Financials Cloud.

5. Review API Documentation

Familiarize yourself with the Oracle Financials Cloud REST API documentation to understand available endpoints and how to structure your requests.

What can you do with the Oracle Financials Cloud API?

Based on the search results provided, I can offer information about the Oracle Financials Cloud API and its data models. However, the search results don't provide a comprehensive list of all data models available in the Oracle Financials Cloud API. Instead, I'll provide an overview of the key areas and functionalities that can be interacted with using the API:

Financial Management

• General Ledger: Interact with the centralized accounting engine to handle high transaction volumes and process financial data.

• Intercompany Transactions: Create, settle, and report on intercompany transactions, including automatic intercompany balancing.

• Financial Reporting: Access and generate financial reports with increased data confidence.

Accounting and Control

• Chart of Accounts: Manage and standardize the enterprise-wide chart of accounts.

• Accounting Hub: Harmonize accounting data from disparate ERP and transactional systems.

Revenue Management

• Subscription Management: Manage subscriptions, renewals, and upgrades.

• Revenue Recognition: Automate revenue recognition calculations in compliance with IFRS 15/ASC 606 standards.

Expense Management

• Expense Reporting: Interact with expense reporting functionalities, including mobile expense entry and automated spend controls.

Asset Management

• Fixed Assets: Support multiple tax depreciation strategies and manage fixed assets.

Payables and Receivables

• Accounts Payable: Centralize invoice and payment processing.

• Accounts Receivable: Manage customer billing, payment options, credit scores, and collections strategies.

Environmental Data

• Greenhouse Gas Emissions: Calculate and report on supply chain emissions using supplier, item, and invoice data.

• Environmental Impact Tracking: Capture data from purchases of fuel, energy, water, and waste management from supplier invoices.

Risk Management

• Risk Analysis: Access AI-driven analytics for identifying business and audit risks.

Global Operations

• Multi-currency and Multi-language Support: Handle transactions and reporting across different currencies, languages, and accounting standards.

Joint Venture Management

• Partner Share Calculations: Automate joint venture management accounting and partner share calculations.

While the search results don't provide an exhaustive list of all data models, they indicate that the Oracle Financials Cloud API offers a wide range of functionalities across various financial management areas. The API likely provides endpoints to interact with these different modules and their associated data models, allowing users to perform operations, retrieve information, and integrate with other systems.

For a complete and up-to-date list of data models and API endpoints, it would be best to consult the official Oracle Financials Cloud API documentation or contact Oracle support directly.