Monday Feb 03, 2014

Announcing the General Availability of PeopleSoft In-Memory Labor Rules and Monitoring

Organizations are often challenged to increase workforce productivity while managing operating costs, regulatory compliance and employee satisfaction. With inevitable variations between planned and actual labor costs, this balancing act is reliant on organizations being able to fine tune their human capital operations based on real-time business needs. To address this challenge and help organizations achieve a competitive advantage, Oracle has delivered strategic, timely information, focused on the time and labor management process, to managers and HR decision-makers with a new Oracle In-Memory Application for Oracle’s PeopleSoft. Designed to leverage the power of Oracle Engineered Systems and Oracle’s industry-standard PeopleSoft HCM applications, PeopleSoft In-Memory Labor Rules and Monitoring empowers organizations to effectively manage labor costs and policy rules in real-time.   The solution complements PeopleSoft's existing Time and Labor solution.  

PeopleSoft In-Memory Labor Rules and Monitoring enables organizations to:
  • Leverage predefined, easily understood labor policy rules using natural language
  • Use Oracle Policy Automation to create or modify existing rules to simulate, test, and deploy to production
  • Empower managers to make more strategic decisions around employee time and labor by understanding exceptions and trends in overtime, absences, schedule deviations and other related labor data.
  • Improve profitability and optimize resources by harnessing real time data on business needs and labor costs as it occurs.
  • Reduce the risk and cost of non-compliance with labor regulations by pre-delivering labor rules, such as overtime rules.

You can learn more about this new solution here at Oracle.com.    Additional resources can be found at the links below.

In-Memory Labor Rules and Monitoring - Product Data Sheet

PeopleSoft In-Memory Solutions

Press Release

Oracle Policy Automation

 My Oracle Support Home Page 


    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 Say goodbye to spreadsheet extracts and guess work based on highly summarized outdated information.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

    Friday Nov 01, 2013

    Miss Oracle Open World? View the PeopleSoft Roadmap Presentation Here

    If you were unable to attend Oracle Open World in September, you missed out on some important PeopleSoft messages.   Don't despair!  You now have a chance to receive an update on PeopleSoft's presence at Oracle OpenWorld 2013 and the key messages delivered there.

    You can view the “PeopleSoft Update and Roadmap” webcast found here on the Quest Users Group site.  (Note: this is available with a FREE subscriber account.  Anyone can sign up here at no cost.


    This webcast recording presents the significant adoption and momentum behind PeopleSoft 9.2.  Viewers will also learn about the new release model for continuously delivering new capabilities to PeopleSoft customers at a lower cost enabled by the new PeopleSoft Update Manager.  There are also compelling live demonstrations of the major investment areas for PeopleSoft including a new PeopleSoft user experience enabling mobile solutions as well as In-Memory PeopleSoft applications.

    You can view all presentations ns in the Oracle Open World 2013 Content Catalog.

    Tuesday Aug 27, 2013

    Announcing the General Availability of PeopleSoft In-Memory Project Discovery – The Key to Tapping the Potential of Unstructured Data

    We recently launched a new analytical application focused on enabling project-driven organizations to answer complex questions that until now were all but impossible to address even with the latest business intelligence tools and technologies.

    The new application, called PeopleSoft In-Memory Project Discovery, is a true example of an Oracle Engineered System in that we have architected a business solution that takes advantage of the latest Oracle Middleware and Hardware to accomplish something that would otherwise be too complex, expensive, and risky for almost any other organization to attempt to build on its own. By leveraging Oracle’s Endeca Information Discovery business intelligence technology and Oracle’s Exalytics hardware for high-performance analysis, we have built a dashboard-focused interface over the PeopleSoft Projects suite to give project-oriented executives and managers the ability to correlate structured project and resource data with associated unstructured data. Okay, I know: that sounds rather mundane. So, to illustrate why this is “much more than just another BI dashboard,” let’s take a look at an example.

    Imagine that you are the Vice President of facilities at a multi-campus university, and you read in the morning news that one of the subcontractors performing work for the school has been charged with defrauding customers by installing defective fire suppression systems. You know there have been a number of these systems installed throughout the university’s buildings, but unless you have your staff manually read through every project-related contract entered during the past three years, you literally have no way of knowing which projects might have exposure to these defective systems, how much was spent on these systems, and when they were installed. This situation leaves your university exposed to significant legal, financial, and safety risks every day until it is remediated. The inability to relate unstructured data (such as clauses in your contracts, text in your contract attachments, and so on) to volumes of structured data (such as project locations, project financial figures, purchase orders, and so on) is the barrier to eliminating these risks.

    Untapped Potential...Unstructured Project and Resource Data

    Figure 1. The Untapped Potential:  Correlating Unstructured Project and Resource Data with Structured, Transaction Data

    With the power of PeopleSoft In-Memory Project Discovery, however, you can mine project artifacts and deliver answers to your complex problem in seconds. By typing a few keywords into PeopleSoft In-Memory Project Discovery, you can learn where the defective systems were implemented and eliminate the costs that the university would otherwise incur for staff or temporary workers to pore over text related to your projects and could immediately mitigate the legal, financial, and safety risks associated with the subcontractor’s work. You could identify for the university all of the exposure to the defective fire suppression systems, draw up and institute remediation plans within hours, and immediately begin implementation of the plans to eliminate the risks. Pretty remarkable, wouldn’t you say? (Note that this scenario is just one example of what the application can do. There are many other high-impact scenarios to which you can apply the tool, such as using it to drive more profitable staffing decisions in a professional services organization. The whitepaper listed below can help you learn more about other scenarios.)

    You can think of PeopleSoft In-Memory Project Discovery as a tool that enables you to unlock the value trapped in unstructured project and resource data, visualize that project and resource data as actionable information, and tighten your project financial controls at unprecedented speeds. It offers the ability to analyze project and resource transaction data based on data stored in related documents and other unstructured formats. A user types keywords, and the application immediately treats those keywords it finds in documents as reporting dimensions by which you can filter your project and resource information. The application also provides you the ability to view project and resource metrics changing in real-time as structured and unstructured data filters are applied and you close in on the answers you need to make informed decisions. The PeopleSoft In-Memory Project Discovery dashboards come with pre-configured alerts (which you can personalize) for key exceptions, such as budget overages, to draw your attention to important issues before they become problems and enables you to save sets of filters which you may want to apply to your data on a recurring basis.

    A View of PeopleSoft In-Memory Project Discovery's Project Financial Dashboard

    Figure 2. PeopleSoft In-Memory Project Discovery to Correlate Your Unstructured Projects Content with Your Project Transaction Data 

    As of today, PeopleSoft In-Memory Project Discovery taps into data residing in PeopleSoft Project Costing, PeopleSoft Resource Management, and PeopleSoft Program Management. If you’d like to learn more about the application and how it can not only help you answer perplexing questions but also give you a strategic advantage to drive more profitable operations, please take a look at the whitepaper, video feature overview, press release, and datasheet; contact your Oracle Application Sales Manager; or contact us by emailing Roxanne.Johnson@oracle.com or Mark.Rosenberg@oracle.com.

    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.

    Search

    Archives
    « April 2014
    SunMonTueWedThuFriSat
      
    1
    3
    4
    5
    6
    7
    8
    9
    10
    11
    12
    13
    14
    15
    16
    17
    18
    19
    20
    21
    22
    23
    24
    25
    26
    27
    28
    29
    30
       
           
    Today