Finance Insights

Planning - Seinfeld Bizarro Style

Posted by Bill Lowry on Sep 7, 2016 9:36:30 AM

Image Credit: Stocksnapper / Shutterstock.com
Image used under license from Shutterstock.com

There is an episode of Seinfeld in which the female lead, Elaine, meets a new group of friends who are very similar to her longtime pals Jerry, George, and Kramer. They are similar except that the new group gathers in an apartment which is arranged in the opposite of Jerry’s, and whereas Elaine’s old friends are selfish, indifferent, even sometimes mean, the members of the new group are the opposite: they are caring, conscientious, and friendly.

In reference to the DC Comics character Bizarro, who is the opposite of Superman, Elaine begins to refer to her new friends as Bizarro Jerry, Bizarro Kramer, etc. At first, her new friends are a welcome relief from the annoying habits of her old friends, but soon, the subtle differences between Elaine’s friends and her Bizarro friends begins to irritate her, and she breaks things off with the Bizarro group.

If you are used to working with Oracle Hyperion Planning and have logged into Oracle’s Planning and Budgeting Cloud Services (PBCS), it may seem a bit like you have just discovered (at risk of going afoul of DC Comics’ copyright) Bizarro Planning.

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Topics: EPM, .Finance, PBCS, .IT, Oracle Cloud, Planning Budgeting Cloud Services, SmartView

Oracle PBCS- What is Going On?

Posted by Bill Lowry on Jun 21, 2016 3:46:34 PM

 

In the 1940s, high school student Barbara Lee Wilson was having trouble figuring out advanced mathematics. Who better to turn to than the person widely regarded at the time as the smartest in the world: Albert Einstein.

His response? “Do not worry about your difficulties in Mathematics. I can assure you that mine are still greater.”

I often think about this exchange in our world of continuous change, and Oracle’s Planning and Budgeting Cloud Services (PBCS) seem to be in a constant state of change as well. We often hear from our existing and potential clients that tracking all of the changes (ex. simplified interface) is overwhelming. Without a doubt, there is a lot going on with this product, and like you, it is a challenge for those of us who work with the product on a daily basis to stay on top of everything that is going on.

Quick Summary of the Recent Changes:

  1. PBCS technology is now being propagated to other Oracle products
    For example, Fusion general ledger is now generating PBCS Essbase databases to use for reporting. 
  2.  
  3. Oracle has recently released a professional edition of PBCS
    This brings some legacy Planning content, such as Workforce and Capital Expense to the cloud. However, it is not a like-for-like update in terms of functionality.
  4.  
  5. Essbase is being released on the cloud (the calculation engine underneath Planning and PBCS)
    What does this mean for how Oracle Enterprise Performance Management works going forward?
  6.  
  7. Oracle is marketing the planning function
    This has traditionally been regarded as a Finance function to other business units such as Human Resources and Operations.
  8.  
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Topics: EPM, Fusion, .Finance, PBCS, Oracle Cloud

Implementing PeopleSoft Receivables 9.2 During the Age of the Cloud

Posted by Kyle Kain on May 25, 2016 7:15:09 PM


A Financial Services Case Study

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Topics: Oracle Fusion, .Finance, ERP Upgrades, .IT, ERP Cloud, PeopleSoft 9.2

How to Execute a Successful Migration Plan

Posted by Emtec Blog Team on May 12, 2016 8:46:43 AM

For those who’ve participated in any system implementation or upgrade, you're well aware that data migration and conversion is critical to a project’s success and requires significant planning.

However, since migration is commonly one of the final activities before production, it often receives insufficient attention. Accordingly, this post will detail the best practices to structure and deploy a successful data conversion process.

In the ERP world, data migration takes into account the process of moving, copying, and reorganizing data from an existing system to a new one.

While data conversion is usually performed programmatically through source code, component interface tools, or pre-defined templates in the Cloud- manual setup and effort is still required to support master and transactional data migrations.


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Topics: ERP, Cloud, .Finance, .IT, Oracle PeopleSoft, Upgrades and Implementations

Should I Upgrade to Microsoft Dynamics GP 2016?

Posted by Emtec Blog Team on May 6, 2016 3:00:51 PM


When most people hear the words "May and June" they think, "only a few more weeks until summer break." But for those of you who have the words "Finance" and "IT" in your job titles, chances are you have the May 1st GP 2016 release on your mind...

"What are the new tools and improvements?"

"What are my upgrade options?" 

"Will the new release add value to my organization?"

Here are 4 considerations to take into account if you are feel now is the right time to upgrade your Dynamics GP system and related products.

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Topics: .Finance, .IT, Microsoft Dynamics Update

Microsoft Cloud: Understanding what Dynamics GP has to do with Azure

Posted by Emtec Blog Team on Apr 18, 2016 6:30:00 AM


Have you noticed the uptick in Microsoft Cloud commercials lately?

It first caught our attention on NBC back in January, during the PGA Golf tour. The thought provoking 60 second commercial was centered around Special Olympics, and how they managed data before Microsoft Cloud.

Just the other night we caught another Microsoft Cloud commercial on MSNBC: 

 

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Topics: Azure, Cloud, Microsoft Dynamics GP, .Finance, .IT

Upgrade to ERP Cloud Release 10: Success! So, What's Next? Part 4 of 4

Posted by Alan Green on Apr 15, 2016 7:10:47 AM

 

[If you missed Part 3 Blog: "Ready to Launch"]

The upgrade is complete and your systems are “up” on the new release of Oracle Cloud. Finish up the paperwork, complete your documentation, clean up the test scenarios and plans (for use next time), and stay in touch with the users to make sure all is going well for them.

 Success! So, What's Next?

Now that the main upgrade process is behind you, you have an opportunity to start rolling out some of the new features and functionality that were included in the upgrade. Since the upgrade project can be demanding enough on its own, we usually recommend waiting until after the upgrade to review and implement new functionality.  

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Topics: Cloud, .Finance, .IT, Oracle ERP Upgrades

Upgrade to ERP Cloud Release 10: Ready to Launch! Part 3 of 4

Posted by Alan Green on Apr 4, 2016 6:48:00 AM

 

[If you missed Part 2 Blog: How to Prepare]

Once you have all of the prerequisite tasks complete including the project plan and team, regression testing suite, testing strategy, and the delivery of a new test environment or refresh of the existing test environment, if applicable, you are ready to begin the real work of actually receiving the new, refreshed, or upgraded environments, performing the pre and post upgrade tasks, and performing the regression testing to determine if issues exist in the environment that must be resolved before you are ready to upgrade in Production.

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Topics: Cloud, Oracle ERP, .Finance, ERP Upgrades, .IT

Upgrade to ERP Cloud Release 10: How to Prepare - Part 2 of 4

Posted by Alan Green on Mar 23, 2016 11:58:00 PM


[If you missed Part 1 Blog: Is it Time?]

Oracle provides overview documentation that lays out the upgrade process, sets expectations for their Cloud clients and provides information on new features and functionality that are included in the new release.   
 
We suggest you start by looking at the Oracle ERP Release Readiness online site, here

 

Pay particular attention to:

  • R10 Upgrade Planning Document 072015
  • R10 Financials What’s New
  • R10 Business Intelligence for Financials
  • R10 Oracle Common Tech UX What’s New
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Topics: ERP, Oracle ERP, Cloud Applications, .Finance, ERP Upgrades, .IT

Upgrade to ERP Cloud Release 10: Is it Time? Part 1 of 4

Posted by Alan Green on Mar 9, 2016 5:40:39 PM

 

To stay relevant and useful, software and systems must be upgraded from time to time. Many users view these upgrades as just an inconvenience, whereas they are actually a manifestation of the developer’s efforts to deliver more value to its customers. Inconvenient or not, upgrades are important.

“It’s time to upgrade our ERP.” For many, those are words often trigger thoughts of projects past where countless hours are spending bringing your current applications to the latest version. Avoiding costly upgrades is one of the primary reasons why organizations select Oracle’s Cloud ERP. 

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Topics: Cloud, Oracle ERP, .Finance, ERP Upgrades, .IT, R10

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