Internet of Things (IoT) provides a huge opportunity to gather valuable data about your products, your business processes, and your customers by analyzing IoT data at scale and enriching it with other business intelligence so that you can drive new services and improve customer satisfaction. Internet of Things connects everyday objects to each other and […]
Posts Tagged ‘Oracle Cloud’
Need to Upload BAI2 Bank Statements? Here’s How (Pt. 1)
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 […]
Orthofix Implements ARCS and FCCS [Webinar Q&A – Part 2]
In this second post, of a two-part blog post highlighting the Q&A session of a recent Perficient webinar, Orthofix Improves its Financial Close and Consolidations with Oracle Cloud (ARCS & FCCS), we learn a little bit more about the Orthofix environment and implementation. Can you automate the load of GL data into Account Reconciliation Cloud […]
Orthofix Implements ARCS and FCCS [Webinar Q&A – Part1]
A recent Perficient webinar, Orthofix Improves its Financial Close and Consolidations with Oracle Cloud (ARCS & FCCS), held a captive audience for a solid 20 minute Q&A session. In this two-part blog post, I’ll share the highlights of questions asked by attendees and answered by both Perficient and Orthofix. Why did you choose the Cloud […]
6 Must-Attend Sessions at Collaborate 17 #C17LV
Perficient is proud to be a sponsor at Collaborate 17, which is being held April 2-6 in Las Vegas. It’s an opportunity for the Oracle user community to come together to share and learn through sessions, panels and networking events. We are honored to have been invited to present on six unique topics across multiple tracks at Collaborate and […]
BICS Lift and Shift from OBIEE
Recently I led a comprehensive analysis and POC for lift and shift of on-premises 11g to Oracle BI Cloud Service (BICS). The lift and shift approach is gaining popularity as it offers a hybrid BI Cloud without having to worry about data security and recreating metadata in the cloud. BICS can leverage the on-premises repository […]
Challenges in Financial Planning
It’s well known that many organizations invest a tremendous amount of time and energy preparing the annual operating plan. Mature finance organizations have moved beyond the annual plan to more useful monthly forecasts, rolling plans, and predictive analysis. Regardless of frequency, the budget and forecast cycle is often beset with the same issues: Errors manipulating […]
Period Close: Tips for Closing the Ledger (Fusion)
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 […]
Period Close: Tips for Closing Cash Management (Fusion)
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. […]
Period Close: Tips for Closing Fixed Assets (Fusion)
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 […]
Period Close: Closing Receivables (Fusion)
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 […]
Period Close: Tips for Closing Payables (Fusion Cloud)
When closing the Payables period, there are some helpful reports to run that help in the reconciliation process. Even though there are plenty of other reports that can be used during period close, the Payables to Ledger Reconciliation report is the most helpful reconciliation tool available because it allows the user to drill into the […]