Streamline your Oracle Financials Close

fanaticalpumaΜηχανική

5 Νοε 2013 (πριν από 3 χρόνια και 10 μήνες)

65 εμφανίσεις

www.UC4.com

Streamline your Oracle Financials Close
process

Hamish Henderson

Senior Consultant

UC4 Software

Business Value$


“The Hackett Group’s studies show that “world
-
class
companies spend 45 percent less” on their closing and
reporting efforts than other companies, which on
average saves $5.5 million per $1 billion in revenue.
These savings come, in part, from needing fewer people
and systems to scrub data.”




Galen Gruman, CIO

How IT Executives Can Help Speed Up Financial Reporting,

CIO Magazine, March 15, 2007

http://www.cio.com/article/print/41039


Sound Familiar?


Does your organization have execution errors, and
costly recovery efforts due to human error in
processing?



Do you have unreliable processing and reporting
delays?



Does critical business information fail to reach
management in a timely and accurate fashion, delaying
key business decisions?



Do technical and functional employees spend a
disproportionate amount of time “baby sitting”
processes?



Are you having difficultly scaling your manual processes
to support future company growth?

Agenda


Common issues



Consequences



Common Alternatives Used



Solution



Targets for Automation



Solution Success Stories


General Business Issues


Human intervention => Data entry errors and related
delays



Employees spending lots of time “baby sitting”
processing



Manual processes make it difficult to support company
growth



Manual processing is difficult to “prove” during audits



Applications silos make it difficult to automate a
business process



Delays in information reaching executives

Oracle EBS Issues


Oracle Workflow directs users to complete tasks,
not automation



Still must use Concurrent Programs (CPs) to
complete job tasks



Many CPs must be handled manually



Concurrent manager is Oracle myopic



Integration still relies on user initiation and
intervention


Pain Points


Oracle E
-
Business Suite



Number of Operating Units



Number of Sets of Books



Reporting Requirements



Interfaces


Internal/External



Disparate Systems


Common Alternatives


Throw more people at the problem



Customize application code



Write additional custom code

(each customization costs $10k on average)



Customize Workflow



“Live with” Concurrent Manager



Stagger CP schedules around manual jobs

Consequences


Lost Revenue


Delays in customer billing


Missed supplier discounts


Misstated Financials



Increased Costs


Increased staff


Custom development and subsequent maintenance


Lack of timely and accurate data


Targets for Automation in Oracle EBS


Manually submitted processes

(typically
non
-
SRS

concurrent requests)



Parent/child/subchild
tracking



Workload management

of requests

(both scheduled and ad hoc)



Integration

with other applications



Output
Verification and Notification



Standardized

and
repeatable

processes

“Typical” Financial Period Close

Non
-
SRS Concurrent Process
-

Open Financial
Period

UC
4
Solution
Closeup

UC
4
Solution
Solution: Automation

Manual:

slow and

error prone

Automated:

faster with

reduced errors

Financial Period Close Solution

AppWorx

Solution

What are the Key Benefits?


Standardization

of Oracle Processes across all
OU’s


Best Practices



Automation

of Oracle Processes across all OU’s


Accurate & More Frequent Reporting



Reduced Process Cycle Time


Timelier

Reporting



System and Process
Integration



Audit
Traceability



Conditional

Logic
Processing



Output
Scanning

and
Notification

Solutions


Only Product in our space

Validated for

Oracle 11i E
-
Business Suite

Application Landscape

Who is UC4 Software?


Creators of innovative, feature
-
rich, proven
software for application infrastructure and IT
workload automation



Grant Gerbert, Baobab Software, Melbourne.


1500+ customers worldwide


130+ Oracle EBS customers


Most Visionary in Market


Gartner Group


Key Partnerships:

Oracle, SunGard HE, SAP, Quest, Hotsos, Solution Beacon


1500+ Customers Worldwide

Financial

Services

Public

Sector

Telecoms

& Media

Retail &

Logistics

Cross

Industry

Service

Providers

Utilities &
Energy

Business Value$


Provide key decision makers with
relevant

and
timely

information and set materiality levels from
an enterprise
-
wide perspective



Improve
operational

and
systematic efficiency


in business processing



Apply
standard automated processes


across the organization



Allow resources to focus on
higher value


job functions

Customer Success: Sun Microsystems


Customer Objectives


Streamline & Automate
Period Close


Move to Production



Results Achieved


Reduced Manual Input


Reduction of Input Errors


Eliminate Period Close
Reruns


Resource Re
-
assignment


Reduced Period Close
Time from 6.5 Days to 13
hrs~ 75% Reduction


Automations Performed


GL Import and Post


GL Open & Close


AR Open & Close


Purchasing Open & Close


Inventory Open & Close


AR
-

GL Transfer


Monitoring MRP Child
Processes


Financial Statement
Generator

Customer Success: Symantec


Customer Objectives


Streamline and Automate
interfaces from Oracle E
-
Business Suite to Siebel
CRM


Replace “Home Grown”
Scheduling System


Results Achieved


“Lights Out” Operations for
CRM Interfaces


Automated use of First
Logic data cleansing tools


Automated interfaces to
Data Warehouse


14 Month ROI


Automations Performed


Automation of month
-
end
close incorporating:


Siebel


Informatica


Business Objects


Oracle Financials


AR Interface to GL


AP Interface to GL


Inventory Interface to GL


Importing and Posting JEs
from Sub
-
Ledgers


Customer Success: Vivendi Universal Games


Customer Objectives


Streamline and Automate
interfaces into and out of
Oracle E
-
Business Suite


Reduce Latency and Errors


Improve time to deliver
orders


Results Achieved


Enhanced Notification


“Lights Out” Operations for
Interfaces



Automations Performed


Automation of Interfaces
into and out of Oracle E
-
Business Suite (Orders,
Shipments, Invoicing)


For each operating unit in
APAC (5), NA (1), and
Europe (10):


AR Interface to GL


AP Interface to GL


Inventory Interface to GL


Importing and Posting
Journal Entries from Sub
-
Ledgers


Best Practices



Centralize/standardize, simplify, and automate
closing process



Automation allows a shift of processing time to
non
-
working hours



Keep a library of “output scan” error messages
and their resolutions

Questions?