While research shows that 60 percent of CFOs and finance directors still rely on Microsoft Excel to access data―even those in businesses with over $1 billion in annual revenues―their love-hate relationship with spreadsheets is tricky. Finance end users gravitate toward the trusted Excel interface and functions for reporting data they’ve extracted from ERP systems like Oracle, but these reports may introduce risks in terms of manual errors, unauthorized data access, version control―and even public reputation
“May you live in interesting times.” This ironic expression accurately conjures the current turbulent political atmosphere, both in Europe and the United States. For example, the process of Brexit has only just begun, and its consequences are just now becoming apparent. This turbulence is felt not only in our personal lives, but also in the corporate world where companies need fast, accurate business data to adapt as best as possible to the consequences of political outcomes.
At our visit to Collaborate this year, the annual Oracle Applications Users Group and Quest Conference, we gathered great intel on what’s in the pipeline for Oracle E-Business Suite (EBS) and PeopleSoft users. Collaborate17 demonstrated Oracle’s commitment to supporting past EBS and PeopleSoft versions, while also making it easier to step up to the Cloud and better analyze Big Data. With both platforms, however, gaps remain in easy reporting offerings. In this blog, we’ll take a look at some of the developments we saw at Collaborate for EBS, while our next blog will explore PeopleSoft enhancements.
At Financials 2017, the March conference organized by SAPInsider for organizations that use SAP for financial processes, there was continued curiosity―and hesitance― about new solutions like S/4HANA. During the Las Vegas event, we also heard lots from attendees about challenges with nuts-and-bolts financial processes in SAP like reporting and uploading budget data and journal entries.
With extended support of Oracle Business Intelligence Discoverer ending this June, some organizations still have their heads in the sand when it comes to replacing the popular reporting tool. While some companies are staying with unsupported Discoverer for now, others are moving to recommended Oracle successors like Oracle Business Intelligence Enterprise Edition (OBIEE). Each option comes with hidden costs.
As a former financial analyst and current Microsoft Certified trainer, I’ve watched Microsoft Excel undergo a myriad of changes since its introduction in the mid-1980s. When I’m approached about how to solve a particular problem in Excel, I’m happy to tell people that the Microsoft development team has a renewed emphasis on creating new calculation functions that can help them simplify formulas and be more efficient.
Project managers and executives in asset-intensive industries like utilities, oil and gas, or chemicals need up-to-the-minute data on projects, as they usually manage a myriad of capital expenditures for infrastructure upgrades, capital works or capacity expansions. But what happens when an ERP software reimplementation pressures project management processes, reporting and strategy? In this blog, Donna Christie, finance applications and reporting specialist for ActewAGL, shares how a reimplementation of Oracle E-Business Suite (EBS) version R12 from a highly customized R11i version impacted access to Oracle projects data.
Even when organizations have business intelligence (BI) solutions and ERP reporting tools like those from SAP or Oracle E-Business Suite (EBS), they often turn to Microsoft Excel for reporting and analysis because it’s easy and flexible.
As 2016 comes to an end and the books close on December 31, accountants and financial analysts know what’s on the menu first for 2017: the annual year-end closing period and audit. Whether your company is public or private, the year-end closing process can be stressful, lengthy and downright messy, especially if the wrong information systems are at the table.
If your budgetary planning process hasn’t evolved over time, you may still be working with a manual, time-intensive process each year that inspires resignation and dread from planners and line managers alike. To adjust for accelerating technological and market forces, you may want to transform this yearly low-return exercise into a rolling forecast that truly helps your company effectively plan and measure performance.