Oracle Fusion is composed of 2 parts : Fusion Middleware (FMW) and Fusion Applications
In FMW we have Oracle applications Server and other technology stack components that Oracle has acquired. It cover areas like Business Intelligence, Identity Management, content Management & SOA.
Oracle Fusion is next generation suite of applications which is quite advanced to Oracle Ebusiness Suite.
Fusion Applications is build on top of the Oracle Fusion Middleware technology stack using fusion architecture as base.
Oracle Applications is delivered as Suite (Group of Product Families) and modules (subset of Product Families).
Oracle Fusion Applications Product Families
Oracle Fusion Customer Relationship Management manages customers, contacts, and resources, including data quality configuration.
Oracle Fusion Financials manages financial flows, including assets, ledgers, cash cycle, invoices and payments, accounts receivable, collections, and setup of subledger accounting and tax configuration.
Oracle Fusion Governance, Risk, and Compliance integrates business intelligence, process management, and automated controls enforcement to enable sustainable risk and compliance management.
Oracle Fusion Human Capital Management provides employee management for an organization.
Oracle Fusion Procurement manages the procurement process including requisitions, purchase orders, and supplier negotiations.
Oracle Fusion Project manages projects, including how to plan, budget, forecast, collect costs, bill customers, and report performance.
Oracle Fusion Supply Chain Management integrates and automates all key supply chain processes, from design, planning, and procurement to manufacturing and order fulfillment.
Oracle Fusion Setup is a special product family for supporting the other product families.