Thursday Oct 17, 2013

PeopleSoft 9.2 Financial Management Training – Now Available

A guest post from Oracle University....

Whether you’re part of a project team implementing PeopleSoft 9.2 Financials for your company or a partner implementing for your customer, you should attend some of the new training courses. 

Everyone knows project team training is critical at the start of a new implementation, including configuration training on the core application modules being implemented. Oracle offers these courses to help customers and partners understand the functionality most relevant to complete end-to-end business processes, to identify any additional development work that may be necessary to customize applications, and to ensure integration between different modules within the overall business process.

Training will provide you with the skills and knowledge needed to ensure a smooth, rapid and successful implementation of your PeopleSoft applications in support of your organization’s financial management processes - including step-by-step instruction for implementing, using, and maintaining your applications. It will also help you understand the application and configuration options to make the right implementation decisions.

Courses vary based on your role in the implementation and on-going use of the application, and should be a part of every implementation plan, whether it is for an upgrade or a new rollout. Here’s some of the roles that should consider training:

· Configuration or functional implementers

· Implementation Consultants (Oracle partners)

· Super Users

· Business Analysts

· Financial Reporting Specialists

· Administrators

PeopleSoft Financial Management Courses:

New Features Course:

· PeopleSoft Financial Solutions Rel 9.2 New Features

Functional Training:

· PeopleSoft General Ledger Rel 9.2

· PeopleSoft Payables Rel 9.2

· PeopleSoft Receivables Rel 9.2

· PeopleSoft Asset Management Rel 9.2

· Expenses Rel 9.2

· PeopleSoft Project Costing Rel 9.2

· PeopleSoft Billing Rel 9.2

· PeopleSoft PS / nVision for General Ledger Rel 9.2

Accelerated Courses (include content from two courses for more experienced team members):

· PeopleSoft General Ledger Foundation Accelerated Rel 9.2

· PeopleSoft Billing / Receivables Accelerated Rel 9.2

· PeopleSoft Purchasing / Payable Accelerated Rel 9.2

View PeopleSoft Training Overview Video

Wednesday Oct 09, 2013

Looking to achieve accuracy and efficiency at a lower cost with an integrated accounting platform?

Many enterprises must contend with fragmented systems and processes. Rapid growth through mergers and acquisitions has increased the number of organizations with disparate systems and business units. Fragmented systems and processes not only obstruct decision-making and compliance; they also drain resources in terms of cost, human capital, and time.

Read the latest Analyst Insight, by Aberdeen Group. Based on responses from over 185 leading executives, this report:

  • Explores the current state of technology integration across organizations
  • Examines the impact of fragmented feeder systems on business productivity
  • Reviews the challenges faced and average costs incurred due to disparate systems
  • Recommends ways to achieve success when deploying an integrated accounting platform
Download the report.

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.

Thursday Jan 31, 2013

Searching for the Role of Finance Process Excellence?

As companies grapple with the aftermath of the financial crisis and a two-speed global economy, they want leaders who can act as agents of change, provide comfort and confidence in an uncertain world. With their unique combination of analytical, technical and strategic capabilities, CFOs are very well placed to provide that.  And, as the scope of CFO responsibility broadens to include oversight over IT, HR, Procurement, and other areas in the post-recession economy, many CFOs are becoming corporate catalysts for change, heading up transformational projects that increase efficiencies, lower costs, and improve business agility to better address ongoing economic volatility and uncertainty….all to achieve finance process excellence. Find out more by reading the white paper, The CFO as Corporate Catalyst: The Role of Finance Process Excellence, and discover the next catalyst for change in your organization.  Visit, C-Central, our website for CFOs, for more information on trends and challenges in the marketplace.

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.

Friday Jan 04, 2013

ERP in the Cloud: CFOs See the Value

Still working on your new year's resolution? If you are a CFO, you might be thinking about finalizing the approach you’ll use to move your confidential finance and operations functions to the cloud. On the other hand, you might be unsure about whether you and your company are ready to take that leap of faith into the new technology. You might be wondering whether the cloud technology is able to handle your security requirements, your access rules, your business complexities, and your specific needs for cost reduction. Is it really ready?

Well, Steve Miranda, EVP, Oracle Applications Development, has an opinion to share with you. In its 2013 Looking Forward issue, Financial Executive magazine covers an article by Steve entitled “ERP in the Cloud: CFOs See the Value of Running Enterprise Applications as a Service.”  In this piece, Steve states: “The fact that traditionally risk-averse CFOs are open to moving their mission-critical ERP systems into the cloud should be a clear indication to all companies that ERP cloud services are fast becoming the go-to strategy for finance executives looking to access the latest technologies quickly and cost-effectively to support their corporate objectives.”

In the article, Steve talks about Oracle ERP customers, such as Carrie Dolan, Chief Financial Officer of Lending Club and Dan Knutson, Chief Financial Officer of Land O’ Lakes, making cloud and managed cloud choices.  

Read more of Steve’s opinion and Oracle customers’ perspective here.

.steve_miranda_family_photo

Steve Miranda, EVP, Oracle Applications Development

Thursday Dec 20, 2012

Accelerate Policy Compliance Without Slowing Down Your Business!

I had an interesting chat with one of our Oracle partners the other day because he told me about some of the novel and creative ways Oracle customers are using their advanced financial control solutions. In particular, how companies are using advanced financial controls to ensure their business processes are complying with corporate policies.

This raised an intriguing question whether the lack of policy compliance is a serious problem or not. I then spoke with one of my colleagues on our sales team and learned that all too often their prospective customers have significant challenges in this area. One problem is that as policy compliance gaps increase, companies have to divert more resources from running the business to enforcing policies through such manual controls as developing and reviewing reports.

Thankfully advanced financial controls in Oracle GRC can help enforce corporate policies, without slowing down businesses. By continuously monitoring configurations and transactions for exceptions and anomalies, advanced financial controls can significantly close the policy compliance gap.

If you have any examples how you are using your advanced control solutions to close the policy compliance gap, please share them with our community. Or if you have current business challenges in this area and would like to learn more about how Oracle can help, post your comments and I will respond with my thoughts.

Also, here are a couple of new documents you might find interesting and that are available on Oracle.com:

· Solution Brief: Oracle Advanced Financial Controls

· White Paper: Optimize the Procure-to-Pay process with Advanced Financial Controls

Thursday Dec 06, 2012

The Challenges of Corporate Financial Reporting

Many finance professionals face serious challenges in managing and reporting their company’s financial data, despite recent investments in financial reporting systems. Oracle and Accenture launched this research report to help finance professionals better understand the state of corporate financial reporting today, and why recent investments may have fallen short.

The study reveals a key central issue: Organizations have been taking a piecemeal—rather than holistic—approach to investing. Without a vision and strategy that addresses process improvement, data integrity, and user adoption software, investments alone will not meet the needs or expectations of most organizations.

The research found that the majority of finance teams in 12 countries—including the U.K., USA, France, Germany, Russia, and Spain—have made substantial investments in corporate financial management processes and systems over the last three years. However, many of these solutions, which were expected to improve close, reporting, and filing processes, are ineffective, resulting in a lack of visibility, quality, and confidence in financial data.

Download the full report

Tuesday Oct 09, 2012

Oracle OpenWorld Recap - A Walk in the Clouds (and heat in San Francisco)!

Whether you were one of the 50,000 attendees in San Francisco or one of the million+ online attendees – we’d like to thank you for joining us at Oracle OpenWorld last week! With temperatures in the 80s and 90s, attendees traveled the overheated streets to join packed keynotes and general sessions – all to find the information they came in search of – Oracle solutions to address their business requirements and challenges.

The buzz of this year’s OpenWorld was all about ‘The Cloud’. And, the financial management team joined in the cloud buzz with Thomas Kurian’s keynote which highlighted our ERP Cloud Service as the most complete cloud service on the market. Offering the full breadth of business operations, including Financial Management, Risk and Control Management, Project Portfolio Management, Procurement, Sourcing, and Inventory Management, Oracle ERP Cloud Service transforms the back office into a collaborative, efficient, and intuitive hub. And, our product marketing expert on Financial Management, Annette Melatti, provided a glimpse of what the office of finance looks like in the 21st century as well as shared what’s next for Oracle’s financial solutions discussing the future of Financial Management with Fusion Financials, E-Business Suite, PeopleSoft and the JD Edwards solutions. There were over 120 sessions from customers, partners, and Oracle experts that addressed financial management solutions along with demo pods and Meet the Experts sessions. We hope you found what you were looking for! Missed any of the keynotes or general sessions? Watch them on demand here.

At OpenWorld, we also announced that Lending Club, the leading platform for investing in and obtaining personal loans, has selected Oracle ERP Cloud Service to help improve decision-making, implement robust reporting, and take advantage of the cost savings provided by the cloud. The CFO of Lending Club, Carrie Dolan had mentioned that they “are an innovative, data-intensive, high-growth company and needed a solution and partner that could match us. We conducted a thorough review of our options, and Oracle ERP Cloud Service was the clear winner in terms of capabilities and business value as well as commitment to us as a customer.” Read the entire release here.

For now, it’s back to business as we gear up for the second half of our fiscal year and start planning for Oracle OpenWorld 2013!

Friday Aug 03, 2012

What CFOs Should Know About the Cloud

Some enterprise finance functions have been slower to adopt cloud-based computing than other business functions. Is this caution justified?  The cloud is now firmly established in our business vocabulary, yet its appeal is not universal. In broad terms, the finance function has been slower to adopt cloud-based processing than other business functions. But is this unwillingness to take the plunge—or, in some cases, even to dip a toe in the water—fully justified?

Recent research indicates that as the cloud market begins to mature, the primary motive for a move to the cloud is no longer cost (as it was in the early days), but rather the potential for process improvement, often triggered by an impending upgrade or withdrawal of support for a legacy system. However, there is no denying that the transition is challenging as organizations seek to integrate processes that straddle the cloud and on-premise worlds.

So CFOs were probably right to be cautious about the cloud, but now that the market is maturing and larger vendors are offering cloud-based applications, the opportunities for enhanced competitiveness, productivity, and organizational responsiveness are likely to become too tempting to resist. 

Learn more about "What CFOs should know about the Cloud" and other CFO solutions at our C-Central, Information for Executives website.

Featured Resources: 

Thursday Jul 26, 2012

Grab a Sneak Peek at the Financial Management Activities at Oracle OpenWorld

Last chance to SAVE with the Early Bird rate -- Register by July 27th.

Everyone knows Oracle OpenWorld is the best place to find out what’s happening with Financial Management Solutions, who’s making it happen, and how it can work for you.  With over 120 sessions specific to our Financials audience, it’s your chance to learn how you can leverage Oracle technology to deliver the results expected by stakeholders.  These sessions will not only focus on Oracle’s financial product lines, but also discuss controls and compliance, as well as analytics, budgeting/planning, and financial reporting and the close process – all at one conference!

Learn from Oracle Experts, Customers, and Partners

  • Meet and hear from the world’s foremost financial management experts on how to deploy effective finance operations strategies
  • Listen to leading customers describe how they are using Oracle Financial Management Solutions to drive efficiency and manage risk
  • See how our partners have implemented successful financial management solutions to help drive sustainable growth
  • Discover how to leverage Oracle’s complete and integrated Financial Management Solutions to increase shareholder value
  • See Oracle Financial Management Solutions in action at our demo pods
  • Attend one of the many Financial Special Interest Groups to share ideas, discuss challenges, and find solutions

Join the General Session on Tuesday, October 2nd at 11:45 am for a sneak peek at “What’s Next for Financials Management Solutions at Oracle”.  Stay tuned for additional information including session IDs, dates, locations and demos.  For now, here’s a sampling of the sessions around Financial Management:

Fusion Financials
·        CON9424:  Oracle Fusion Financials: Customer Adoption and Experiences
·        CON6850:  How to Score an Eagle on a Par 5: PGA Migrates to Oracle Fusion Applications
·        CON9445:  Information Excess Versus Information Access       
·        CON8849:  Oracle Fusion ERP Case Study: Global Deployment Strategy at Oracle
PeopleSoft Financials 
·        CON9085:  PeopleSoft eSettlements 9.2 & Electronic Invoicing: Drive Down Operation Costs
·        CON9079:  New Work Paradigm: Creating & Using Workcenters in PeopleSoft Financials Release 9.2
·        CON9096:  PeopleSoft Financials Enhancement Town Hall: Interactive Discussion of Ideas
·        CON9095:  Providing PeopleSoft Customers with the Financial Intelligence Needed to Succeed
E-Business Suite
·        CON9478:  Experience Procure-to-Pay Transformation with Oracle Payables Release 12.1 
·        CON9485:  Upgrading to Oracle E-Business Suite Financials 12.1: A Technical Perspective
·        CON9481:  Oracle Payments: The payment process has been redesigned
·        Manage economic challenges and improve cash flow with Financial Analytics for Oracle E-Business Suite
JD Edwards
·        CON9125: Showcase on JD Edwards EnterpriseOne Financial Solutions
Other Sessions of interest
·        CON9560: Hot Topics in Regulatory Reporting - GAAP, IFRS, Sustainability, Solvency II, XBRL
·        CON9372: NEW: Account Reconciliations Module in Oracle Hyperion Financial Close Management
·        CON9387: Advances in Continuous Controls Monitoring with Oracle Fusion Governance, Risk, and Compliance
·        CON9395: User Panel: Reducing Upgrade Errors and Effort While Improving Compliance
Meet the Experts
·        MTE9644:   Meet the PeopleSoft Financials and PeopleSoft Supply Chain Management Applications Experts
·        MTE9645:  Meet the Oracle E-Business Suite Financials Experts
·        MTE9653:  Meet the Oracle Fusion Financials Experts

Find out what’s hot—and why. Only at Oracle OpenWorld. Register by July 27th and SAVE with the Early Bird rate.

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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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