Wednesday Oct 16, 2013

Join CFO.com Webcast: How Advanced Controls Can Boost the Bottom Line

Is it time to safeguard your organization’s bottom line from cash leakage? Fortunately, advanced control solutions tackle even the most challenging issues while ensuring your processes operate at peak performance. Attend this CFO webcast to hear industry experts and thought leaders discuss how organizations are successfully using advanced controls to improve their bottom line.

Thursday, October 24, 2013 at 1 pm ET -- Register Now. http://pub.vitrue.com/igsR

Thursday Aug 22, 2013

AP Thought Leader to Impart Knowledge during Oracle Advanced Controls OOW 2013 Session

Oracle OpenWorld (OOW) 2013 is shaping up to be a break-out year for Oracle Advanced Controls. Among other highly-anticipated events, we are very pleased to announce that Mary S. Schaeffer, publisher and editorial director for Accounts Payable Now & Tomorrow (AP Now), will be co-presenting with Cisco Systems at a session entitled “Top 10 Advanced Controls for Procure-to-Pay to Improve the Bottom Line” (session ID is CON8814).

Mary is a nationally recognized accounts payable expert. She is the author of over 15 business books, most focused on accounts payable issues, as well as a monthly newsletter and a free weekly e-zine. She speaks regularly at industry events, one-day seminars, conferences and online events.

In the OOW session Mary plans to talk about how automated control solutions such as Oracle Advanced Controls can stop cash leakage and contribute to the bottom line.

Organizations that have made the most progress in shifting away from manual controls are adopting advanced control solutions and showing what a difference those controls make, says Mary. "Controls are more critical than ever with regards to the accounts payable process. Luckily, technology can now play a larger role in helping organizations with these controls, helping reduce erroneous payments and preventing fraud," Mary says.

We expect a full-house at this session so be sure to register early!

Learn more about AP Now. And most importantly, click here to register for OOW 2013 today!!

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.

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.

Tuesday Mar 19, 2013

Best Kept Secret How to Improve Your Organization’s Bottom Line

If your organization is like most, you have devoted enormous resources to optimizing business processes. From utilizing shared service centers, to automating workflow approvals, no doubt your processes are in great shape.

 

Less understood but even more problematic is process activities that negatively impact your organization’s bottom line. Affectionately referred to as financial or cash leakage, organizations are starting to realize that they are losing literally millions of dollars each year to cash leakage.

 

Financial leakage comes in three basic forms: 1) activities that directly impact the bottom line, 2) activities that indirectly the bottom line, and 3) activities that negatively impact cash flow and that impact on the bottom line.

 

Fortunately the word is getting out that Oracle’s GRC advanced control solutions are helping organizations of all sizes to dramatically reduce financial leakage. For example, duplicate vendor invoices are a major problem that directly impacts the bottom line. Advanced controls continuously monitor both supplier records and supplier invoices for potential duplicates, then alerts management about questionable invoices.

 

In future blog postings we plan to share intriguing ways that organizations are using their advanced control solutions to reduce financial leakage and improve their bottom line. In the meantime, we encourage you to provide comments with any use cases with your business peers.

Tuesday Jan 29, 2013

Reap Significant Cost Savings during ERP Projects with Oracle’s GRC Advanced Controls

Are you planning an ERP upgrade in the near future? Or is your organization about to embark on an ERP implementation? In either case, did you know that Oracle’s GRC advanced financial controls can play a vital role in the success of your project? Whether your goals are to accelerate project activities, or achieve lasting benefits after the project is completed, advanced financial controls will improve your organization’s bottom line.

 

But don’t take my word for it. Instead, read the Optimizing E-Business ERP projects with GRC’s advanced financial controls white paper and then ask yourself whether it is worth the risk to not use GRC’s advanced financial controls. Our esteemed colleagues at PwC wrote this white paper and provide great insight into the many challenges that confront organizations during ERP projects. They also highlight some compelling case studies such as how one company leveraged GRC’s advanced financial controls to achieve an estimated 20-percent cost savings by accelerating their configurations during an Oracle upgrade. Click here to access the white paper.

 

If you know about one of the successful organizations that have leveraged Oracle GRC’s advanced financial controls during an ERP project, please share your success story with the Oracle community by posting your comments to this blog.

Friday Jan 18, 2013

Seadrill Automates Last Mile of Manual Spreadsheet Controls

Are you looking  to automate the last mile of manual controls?  If so, look to the advanced financial controls in Oracle’s Governance, Risk, and Compliance Application Suite just like Seadrill did.  Seadrill, the experts in off-shore deep water drilling, was managing their controls in Microsoft Excel spreadsheets.  Realizing the need to automate their controls and achieve a high-level of global standardization, they implemented the Oracle GRC suite.  Their internal audit teams can now spend more time on analyzing and understanding results of their data instead of spending time on manual controls.  Hear their story.

Friday Jan 11, 2013

Join our London Seminar - Improving Business Performance with Advanced Controls

Come join Oracle, Smiths Medical, and PWC at this exclusive financial executive briefing.

What if you lost a tenth of a percent of your vendor spend to cash leakage?

It may not sound like much at first, but the losses quickly add up. Consider a firm that spends £1 billion and has a 5 percent profit margin. It would take an additional £20 million in incremental sales to recover cash lost due to leakage every year.

But what can you do? If you’re like most organisations, you’re already devoting too much time to manual tasks such as reviewing vendor invoices for errors, checking user access, and detecting unauthorised changes. Oracle recognises that this remaining element of manual controls presents an untapped opportunity for your organisation.

There’s a better way. Oracle offers advanced financial controls to help you:

  • Reduce cash leakage by automatically detecting duplicate vendor invoices
  • Improve working capital with insight into sales invoice exceptions and customer account write-offs
  • Ensure financial reporting accuracy by delivering consistent data to the consolidations process

Hear first-hand from Steve Ogilvie, Director, Governance and Security the benefits achieved by Smiths Medical from implementing Oracle’s GRC technology.

This is a must-attend event for finance executives who are ready to learn how they can increase the efficiency and effectiveness of their process controls. And if you are considering an ERP systems upgrade, this is an even more opportune time to learn how advanced financial controls can improve your bottom line.

Date:
Tuesday, November 27, 2012


Time:
8:00 a.m. PST / 11:00 a.m. EST

Register now.

About

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

Search

Categories
Archives
« April 2014
SunMonTueWedThuFriSat
  
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
24
25
26
27
28
29
30
   
       
Today