Monday Jan 27, 2014

Announcing the General Availability of PeopleSoft In-Memory Real-Time Bottom Line – Revolutionary Solutions for the CFO

Oracle has launched a revolutionary new suite of applications to help the CFO drive enterprise profitability with timely well-informed decisions. Say goodbye to spreadsheet extracts and guess work based on highly summarized outdated information. Now you can continuously adapt to changes in the business environment and make decisions with confidence using real time simulation and analysis to inform your decisions. The PeopleSoft In-Memory Real-Time Bottom Line suite is initially focused on PeopleSoft In-Memory Financial Position Analyzer and PeopleSoft In-Memory Financial Allocations Analyzer.

Architected for Oracle Engineered System, this suite is a true example of hardware and software working together to provide superior value.

The Executive Suite and every management level demand constant information on the health of the financial position while expecting Finance to continue tracking daily activities, supporting the period close and automating regulatory and control imperatives. ERP automation has made it possible to provide a more comprehensive view of where the business is at today. In today’s economy and global reach, the CFO’s office needs much more than this. They need to easily and quickly evaluate the effect of the ever changing market trends, business conditions and organization directives.

What would happen, for example, if the following events occurred?

  • Revenue expectations are not materializing in the current period 
  • Sales revenue mix between product lines shift significantly 
  • Regulatory changes that bring higher or lower operating expenses 
  • A re-organization is being contemplated 
  • A major acquisition is in process 
  • Expansion of IT Projects

Imagine if all these happened all at once and you have the perfect storm. Finance needs to accurately assess the effect of the perfect storm on the financial position earlier within the current period. Historically, Finance has pulled data out of the production environment and used spreadsheets for simulations. They have also utilized spin-off instances of the production environment to manage simulation of business and organizational changes. With this new suite of applications you can do what could not be done before – real time simulations and analysis of production data. The Finance team puts more focus on forward looking strategic tasks providing highly relevant decision support to the C-Level suite.

PeopleSoft In-Memory Financial Position Analyzer allows Finance to support the CFO in making decisions before the financial close. The office of the CFO can now utilize the actual financial position instead of outdated spreadsheets to support comparative analysis of ‘what if’ business simulations in memory such as material transactions that may or may not occur, changes to the financial structure or reorganization of specific departments or businesses.

PeopleSoft In-Memory Financial Allocations Analyzer allows Finance to simulate additions or changes to large and complex allocation rules that support business activities such as a reorganization of sales, an implementation of a merger or acquisition or a shift of costs and revenues for products, services or capital or IT projects. The executive suite can now truly uncover potential risks and make business course changes as necessary.


Figure 1. Discovering opportunities and mitigating risk through In-Memory simulations based on real time data

Both solutions allow Finance to share real time result comparisons with business stakeholders and make faster decisions that can greatly improve the bottom line in the same financial period. Finance also gains efficiencies by automatically applying configuration changes, such as ‘what if’ reorganizations, from memory to production.

The applications are engineered for Oracle Exadata and SPARC SuperCluster to allow organizations to simulate the financial position in-memory with capabilities like Flash Cache, Smart Scan and InfiniBand to dramatically increase the speed of processing and communication between production and the simulation space.

The solution makes the Finance team highly efficient through a step by step walk through of simulations as follows: 

  • Create a scenario, easily select configurations and version them so they can individually model out different possibilities
  • Through the power of in-memory technology, graphically view & execute the many steps chosen for the model
  • Simulate the hundreds of rules with lightning speed
  • Review and compare scenario results in real time
  • Deploy configuration changes with full control and security to production

If you’d like to learn more about the new applications and how they can give the CFO a strategic advantage in driving business performance, please take a look at the whitepaper, datasheets (linked below), and the Video Feature Overview, consider contacting your Oracle Application Sales Manager, or contact us by emailing amira.morcos@oracle.com.


Supporting Resources

Monday Jan 20, 2014

The Value of Support: The Innovation of PeopleSoft 9.2 and the New Release Model

Recently I, was interviewed about the new innovations in PeopleSoft 9.2.  View this video here to learn more about the modern capabilities in PeopleSoft 9.2 that can help customers, like you, be more productive, reduce costs, and maximize your investment in PeopleSoft. 


I also talked about how Oracle delivers new capabilities in PeopleSoft 9.2 and Oracle's new delivery model for PeopleSoft, which allows Oracle Premier Support customers to choose when they want to adopt new features and functions. 


Supporting Resources

Wednesday Jan 15, 2014

Oracle Releases New Value Adding Capabilities for Oracle’s PeopleSoft 9.2

Continuous Delivery of PeopleSoft Releases Provides Expanded Mobility and Business Process Excellence

Continued investment in Oracle’s PeopleSoft solutions results in the delivery of the PeopleSoft 9.2 Update Image 4.  This deliverable increases the considerable value of PeopleSoft by adding new capabilities to the previously delivered PeopleSoft 9.2 release – without the need to upgrade.  These new capabilities provide expanded mobile capabilities, extend the value of PeopleSoft through integrations, and offer new features that enable business process excellence.  In summary this delivery:

  • Enables customers to add value to their PeopleSoft 9.2 applications with the release of the PeopleSoft 9.2 Update Image 4.
  • Demonstrates Oracle’s commitment to PeopleSoft by continuously delivering additional new features, functions, and enhancements to the existing PeopleSoft 9.2 release.
  • Allows PeopleSoft 9.2 customers to use PeopleSoft Update Manager to selectively apply new capabilities from PeopleSoft Update Image 4 at their choosing.
  • Provides expanded mobile capabilities, extends the value of PeopleSoft through integrations, and enables business process excellence. 

Continuous Innovation of PeopleSoft 9.2 on the Customers Terms

  • Oracle’s new delivery model for PeopleSoft consists of PeopleSoft Update Images being released approximately every 10 weeks.  These PeopleSoft Update Images, like PeopleSoft 9.2 Update Image 4 (the fourth to be delivered) are cumulative.  This means customers can leverage them regardless of what changes have or have not been previously applied.  Customer use PeopleSoft Update Manager to apply changes delivered in PeopleSoft Update Images.
  • Introduced with the delivery of PeopleSoft 9.2 and designed to reduce the cost to stay current, PeopleSoft Update Manager transforms how customers adopt PeopleSoft changes. With PeopleSoft Update Manager, customers can:
    • Get Innovative New Capabilities without Upgrading
    • Take Only the Changes They Want, Tailored to Their Specific Needs
    • Determine When They Adopt Changes
    • Retain Strategic Customizations
    • Get Current Regardless of Prior Changes
  • PeopleSoft 9.2 Update Image 4 provides expanded mobile capabilities for employees on the go with:
    • The new Mobile Project Time Entry solution.  This mobile solution allows customers to accelerate cash flow by capturing billable time from employees regardless of where they are on their mobile devices. 
    • Enhanced existing mobile solutions including: Mobile Approvals extended to Treasury and Mobile eProcurement which now can include punch-out supplier items.
    • Mobile approvals via HTML email.  Now customers can approve over 25 transactions including: job offer, transfer, promotion, purchase order, expenses, and more directly from their email client without having to log into PeopleSoft.
  • Oracle’s PeopleSoft In-Memory Applications are unique solutions that combine best-in-class applications with high performance hardware that enable customers to make smarter decisions, reduce costs, and accelerate business processes.
  • PeopleSoft customers can extend the value of their existing PeopleSoft solutions through delivered integrations to value add Oracle Applications.  PeopleSoft 9.2 Update Image 4 includes bi-directional integration between PeopleSoft Human Capital Management 9.2 and Oracle’s Taleo Recruiting Cloud Service.  This out-of-the-box integration is also delivered for PeopleSoft Human Capital Management 9.1.  In addition, PeopleSoft 9.2 Update Image 4 includes new integration between PeopleSoft Financials and Oracle’s Fusion Accounting Hub to aid customers in consolidating multiple General Ledger systems.
  • New WorkCenters like the Asset Management WorkCenter and the Maintenance Management WorkCenter drive higher business productivity by bringing a user’s work (e.g. tasks, exceptions, and alerts) to them in a single, highly usable and interactive page.  The existing Contracts WorkCenter and the Grants WorkCenter have been enhanced to deliver even more poignant, actionable information like contracts set to expire and grant milestone due dates.
  • The free text search across multiple objects and multiple instances introduced in PeopleSoft 9.2 is expanded in PeopleSoft Update Image 4 to encompass PeopleSoft Supplier Contract Management content.  Users can quickly retrieve accurate and actionable search results for a more efficient search-driven approach to navigating.
  • In addition numerous legal and regulatory updates have been included in this PeopleSoft Update Image, including support for 2013 tax updates E and F for the US.
  • Existing PeopleSoft customers and partners may access release notes including PeopleSoft Financials and Supply Chain Management (FSCM) Update Image Overview (Through Update Image 4) and and various other PeopleSoft 9.2 materials at My Oracle Support.


Supporting Resources

Monday Jan 06, 2014

Need to Maintain Assets Better? Join Us at the 2014 Oracle Value Chain Summit

The 2014 Oracle Value Chain Summit will be held Monday through Wednesday, February 3 – 5, 2014, in San Jose, California. This event provides a venue to learn about all things value chain, including asset maintenance, inventory management, and procurement. In particular, facility and equipment maintenance users will have the chance to network and share ideas about administering asset maintenance and effectively utilizing the PeopleSoft Maintenance Management and Supplier Relationship Management applications. We have a strong lineup of experienced PeopleSoft customers slated to share their knowledge in a series of interactive sessions so that you can gain insight into how to best implement, use, and manage the aplications. This is the only event in which your facility and asset maintenance teams can talk nothing but maintenance for 3 days. If you would like more information about the event, please visit the event site at http://www.oracle.com/goto/ovcs.  Customers, prospective customers, Oracle partners, and Oracle employees can attend.

Two other important points are that on Thursday, February 6th, the next day after the Summit, we will host an in-person meeting of the PeopleSoft Maintenance Management Focus Group in the morning and a complimentary, half-day training on the use of the PeopleSoft Maintenance Management application in the afternoon. The Focus Group will review product roadmap ideas and validate designs, and the in-person training will serve as a good refresher on product functionality as well as a way to learn about features that you don't currently use. These events are for existing PeopleSoft Maintenance Management customers only and are by invitation. If you are an existing customer of PeopleSoft Maintenance Management and would like more information about the focus group and training, please contact either Loida Chez, Mike Madden, or Mark Rosenberg.

We look forward to seeing you there!

About

This blog is dedicated to topics focused on PeopleSoft Applications, including Human Capital Management, Financials, Enterprise Service Automation, Asset Lifecycle Management, Procurement, Supply Chain and Customer Relationship Management.

For information about legislative updates to our PeopleSoft Applications see the PeopleSoft Legislative Updates Blog.

For information about PeopleTools see the PeopleSoft Technology Blog.

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