Tuesday Apr 30, 2013

Everyone Does Not Speak English - Fusion Financials Addresses Global Markets

A word from Joe Gum, Senior Director, Fusion Financials Product Strategy 

Imagine trying to purchase a new phone, pay your bills, or book a cruise online if the software isn’t in a language you speak? As sophisticated users of the internet, we see a distinct increase in the number of multilingual users, as well as in the amount of Web content. E-commerce is growing in importance for the international market that lies at our fingertips.

Business owners can decide to ignore these issues and keep their businesses small and regional. Global companies don’t have that luxury, nor would they want to. These companies need enterprise grade software that can be used around the world. The software needs to have the flexibility to adapt to various languages and local business practices while complying with local regulations.

We designed Fusion Applications from the ground up with the global customer in mind. The suite includes essential internationalization functionality, translation and multilingual support, and localization features. For example, Fusion Applications supports multiple date formats, number formats, names, addresses, phone numbers, and currency symbols. It also supports unlimited accounting representations and statutory reporting needs—all on a single global instance using standard preferences and setup. This allows global customers to adapt their software for a specific region or language without requiring multiple installations of the product and without engineering changes or customizations.

No one should have to settle for less. Why select a Cloud service vendor who is halfway there when you can select one who can meet all your global and multinational needs? And, with the ongoing addition of new language support with every release, Fusion applications soon will support the world’s 22 most popular languages.

We also provide localizations in Fusion Applications. These are country specific extensions to meet local business requirements. China, for example, is a country with many different local and legal requirements. The Fusion payroll solution has extensions for China, as well as for Saudi Arabia, United Arab Emirates, United Kingdom, and United States. For Financials, localizations also exist for China, plus United States, Singapore, France, and the European Union.

Even without country specific features, Fusion can be configured to support many local requirements, such as payroll and transaction taxes. You can depend on Fusion Applications to be easy and straightforward to operate in multiple countries. We designed it to help global companies be successful in expanding to new markets and locales. These localization efforts support general business functionality across all areas of the business process, such as financial management, supply chain management, human resources, etc. with country-specific tax and statutory updates. Fusion Financials Cloud Service information.

Monday Apr 22, 2013

Oracle Advanced Controls Uptakes W3C PROV Standard

Oracle product development is excited to announce that it has implemented the W3C Provenance (PROV) standard in the 8.6.4 release of Oracle Advanced Controls for E-Business Suite and Advanced Controls for PeopleSoft. This is a significant achievement for Oracle to implement this standard and demonstrates Oracle’s leadership position in the technology industry.  

 

This announcement is important because it allows Oracle’s partners and customers to quickly and easily integrate and connect their advanced control solutions with heterogeneous ERP systems.

 

According to Reza B’far, Oracle Senior Development Director, "Oracle has implemented various parts of the W3C Provenance standard to continue to enhance its support of auditing transaction and configuration controls temporally over heterogeneous environments.  W3C's Provenance standard has been implemented as a part of standard RESTful web services that the Oracle GRC Control Suite provides to its customers for integration."

 

There have been many substantial academic, government, and commercial organizations involved in the creation of the standard including University of Southern California (USC), Oracle USA, NASA, University of Oxford, University of Manchester, Rensselaer Polytechnic Institute, University of Southampton, Newcastle University, and others.

 

The W3C Provenance effort started with an incubator in 2009 and has continued to date, resulting in finalization of the first version of the standard in 2013.

 

You can follow the W3C Provenance Incubator Group on Twitter.

Friday Apr 19, 2013

See How ERP Cloud Service Can Transform Your Organization

Did you know up to 64% of IT budgets are spent running day-to-day operations? Imagine what you could achieve if these resources were focused on encouraging business growth and driving innovation.

A recent Tech Strategy article by Financial Executives International shows how you can transform back office operations, replace expensive, fixed capital investments with scalable, cost-effective solutions, and redirect resources to enhance operational efficiency and improve business performance.

To find out more – read the full article and explore a wealth of instantly-available resources showing how your organization can:

  • Reduce costs with fewer ERP systems and an Opex expenditure model
  • Improve operational efficiency and productivity with simplified business processes
  • Deploy enterprise-grade software quickly and simply
  • Extend functionality as needed to CRM, Human Capital Management and Supply Chain Management
Discover how you could refocus your IT spend on driving innovation.  Access article.

Monday Apr 01, 2013

Gartner TCM Report: Practical Guidance for Transaction Controls Monitoring

 

Gartner has outdone themselves with this excellent report that clearly and concisely explains transaction controls monitoring (TCM) and the related benefits. In Gartner’s “Transaction Controls Monitoring Can Improve Productivity and Financial Governance” report, the Analysis section is particularly effective when it talks about your ERP system controls and that:

“…the existence of these built-in automated controls does not ensure that they are turned on, that they are configured appropriately, and that they are not regularly overridden or bypassed — thus establishing the need for a solution that can monitor these controls.”

If you are in the market for a TCM solution, the report’s Selection Guidelines are particularly effective to help you make effective decisions.

Like much in the technology world, once you get a handle on all the acronyms, you are well under way to becoming a TCM expert!

Click here for access to the full report. As always, we welcome your comments and interesting stories about how you are using TCM solutions.

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Focusing on solutions for the Office of Finance, this blog will highlight key financial management market trends, events and other news of interest.

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