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 Say goodbye to spreadsheet extracts and guess work based on highly summarized outdated information.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 firstname.lastname@example.org.