What Is Oracle? | Oracle Basics

There are bunch of software, which can help you run your Business transactions, on one platform. Some are free, others are paid. Free software are like recording your daily transactions in Excel, which won't be as advance as a paid software, and at one point they ask you to buy their premium versions which are not worth spending your money. As all businesses out there want a save and secure platform to record their transactions. 

If you are a small company or runs on a small capital, It is better to go for the software that is cheap and can satisfy you till your business grow. Perhaps if you are looking for the better place to record your huge transactions, this software is worth giving a try.

1. SAP (Systems Application and Products);

2. Oracle;

And many others, but they are the best software you can ever think of.

Let’s first cover Oracle as this is the main topic of this article, and the series we are starting. Here we will teach basics, and some fundamental topics relating to Oracle.

 

ORACLE:

Introduction:

Oracle is a database which collects, stores, and retrieve your data. Their servers manage a large amount of data, which can be operated by multiple users at one time. It updates the data saved in real-time that anyone with access can go through any transaction by just some clicks. 

Security:

As Oracle is one of the most famous software, they gave there best in providing their users security, and user friendly experience. No one other than those with proper access can run through your files nor can mess up your business transactions. Database security is classified into two categories: System Security and Data Security;

1. System Security:

To access data where oracle is implemented first you have to get access of a valid username, and a password. 

System security mechanism checks whether a user is authorized to connect to the database or not, and which operations can a user perform.

2. Data Security:

Not everyone having a valid username and password can access complete data. Responsibilities are assigned to some persons to perform certain actions. (e.g: An employee is giving access to Oracle in which he/she can only insert data but can not change or delete any data. Likewise an employee can insert and edit data, but can not delete it.)

This clearly indicates how much Oracle is looking forward for the best security for their users.

Functions:

Oracle can be useful in many situation. You can go through each and every transaction (The inventory you have left, the inflow and outflow of cash, the payable and receivable) in one place.

Here is a list of some accounts Oracle can help you check.

1. Inventory

2. Cash

3. Payable

4. Receivable

5. Bank Balance

6. Trail Balance

7. General Ledger

8. Balance Sheet

9. Income Statement

10. Expenses, and more

All these can be accessed around the world, on any time zone.

 


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