Tuesday Nov 05, 2013

ERP Customizations...Are your CEMLI’s Holding You Back?

Upgrading your Oracle applications can be an intimidating and nerve-racking experience depending on your organization’s level of customizations. Often times they have an on-going effect on your organization causing increased complexity, less flexibility, and additional maintenance cost. Organizations that reduce their dependency on customizations:

  • Reduce complexity by up to 50%
  • Reduce the cost of future maintenance and upgrades
  •  Create a foundation for easier enablement of new product functionality and business value

Oracle Consulting offers a complimentary service called Oracle CEMLI Benchmark and Analysis, which is an effective first step used to evaluate your E-Business Suite application CEMLI complexity.  The service will help your organization understand the number of customizations you have, how you rank against your peer groups and identifies target areas for customization reduction by providing a catalogue of customizations by object type, CEMLI ID or Project ID and Business Process.

Whether you’re currently deployed on-premise, managed private cloud or considering a move to the cloud, understanding your customizations is critical as you begin an upgrade.  Learn how you can reduce complexity and overall TCO with this informative screencast.  For more information or to take advantage of this complimentary service today, contact Oracle Consulting directly at ask-oracleconsulting.com_us@oracle.com

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.

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

Friday Nov 30, 2012

Oracle E-Business Suite is Helping to Save Lives at the National Marrow Donor Program

To improve the management of its life-saving operations, the National Marrow Donor Program recently modernized its financial and procurement operations by upgrading to Oracle E-Business Suite 12.1.  

As the global leader in bone marrow and umbilical cord blood transplants, the NMDP manages a complex ecosystem of donor, patient, hospital, and biological data.


“Maintaining accurate data and having an efficient matching process is essential, particularly as our global database of bone marrow patients grows and donor lists expand,” says Bruce Schmaltz, director of finance/controller. “We rely on the Oracle E-Business Suite to ensure our procurement and financial management processes meet the highest standards, enabling our growing non-profit to work swiftly and efficiently to help improve and save lives.”

As the non-profit organization and its registry grew larger, NMDP needed a modern platform to store and integrate its financial information and complicated procurement process. It selected Oracle E-Business Suite for its ability to fit seamlessly into NMDP’s enterprise architecture. NMDP initially implemented Oracle E-Business Suite release 12 by leveraging Oracle Business Accelerators, which are rapid implementation tools and templates that help reduce implementation time and costs.

With Oracle Financial Management and Oracle Procurement, NMDP has streamlined back-office processes and integrated its procure-to-pay business processes by leveraging industry leading accounts payable, accounts receivable, and general ledger modules.

NMDP is currently rolling out Oracle Hyperion Performance Management applications and plans to implement Oracle Order Management and Oracle Advanced Pricing by the end of 2012.

Read more details about NMDP’s modernization efforts. 

For more updates on Oracle Financial Management Solutions, view our November 2012 Oracle Information InDepth Financial Management newsletter. Subscribe Now. 

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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