Posts Tagged ‘cloud erp’

It’s 1099 season – is your ERP ready? It only takes a few simple steps to verify your data and make sure you are fully prepared to meet the IRS deadline to publish your 1099’s. Step 1: Validate that your “Reporting Entities” are setup, and that they have assigned “Balancing Segments”.   A reporting entity contains […]

At Perficient, we revolutionize the world’s leading brands, how they engage with their customers, and propel their business forward. Our global footprint across the U.S., Latin America, and India empowers us to redefine excellence throughout the industry. Behind these transformative journeys are our thousands of skilled strategists and technologists, each individually equipped with a wealth […]

Gartner delivers actionable, objective insight to executives and their teams. Its expert guidance and tools enable faster, smarter decisions and stronger performance on an organization’s mission-critical priorities, and Gartner included Perficient in Honorable Mentions in the 2023 Magic Quadrant™ for Cloud ERP Services for Service-Centric Enterprises, published November 20, 2023. The 2023 Gartner Magic Quadrant […]

The Period End Close Challenge As an EBS consultant for the last 20 years, one of the hardest parts of my job has been explaining the period end process. The reconciliation reports, roll forwards, the disparate screens, lack of consistency across the modules. Don’t get me started on inventory, with its archaic requirement to close […]

In my previous blog posts (Part 1 and Part 2), I reviewed the steps to configure the system, so it will read the bank transaction codes. Now I will review the import and upload process, which is the final step in manually loading your bank statements. The process is very simple because it is similar […]

Now that you know where you need to add transaction codes in your Fusion instance, you must now make sure you classify them appropriately. In case you don’t already know, Oracle reads bank statements at both the header and line level, so you must add the codes to the proper mapping groups in the Manage […]

Throughout my career as a consultant, I have run into several clients that want to manually load their bank statements into Oracle. Since the implementation of electronic uploads can be time-consuming as well as out of the budget for some, there is a way around this. Loading bank statements manually can be done in the […]

Closing the General Ledger is the final step in the period close process. Now that we have reviewed the close process for the Financials subledgers (see previous blogs), you will now see how it all comes together in the ledger. Steps that are not included in this review are those involving the Procurement and Project […]

When closing Cash Management, the steps can slightly vary depending on whether or not your business has automatic or manual bank statements and reconciliations. The overall process is as follows for either process being used: Load bank statements as your business process requires, whether this be manual or automatically from your bank. Reconcile the statements. […]

Closing the Fixed Assets module should be a quick and painless process each month. As most Oracle ERP users know, the module only allows for one period to be opened at a time, and once you close the period you can never re-open it again. I guess this can be both a good and bad […]

Closing the Receivables period is as simple as closing the Payables period. Some may even say it’s simpler. The following steps are best practice for performing this monthly process: Open the new Receivables period. Run the Create Accounting process. This ensures that everything that is outstanding is accounted for and ready to close out. Be […]

In a previous post, I described how the Oracle BI Cloud Service (BICS) integrates with Oracle Cloud (Fusion) Apps.  For users of on premise Oracle BI, there are other methods of integrating with Fusion Apps.  The easiest of which is Oracle BI Applications 11g as it comes with prebuilt content, data warehouse and ODI ETL […]