There is no doubt that really complex reports are possible with the Financial Statement Generator (FSG) in Oracle’s Report Manager, but sometimes they take more from finance users than they give. Not only do you often wait for the IT department to create FSG reports (FSGs), but their other limitations can pilfer your productivity. Here are some reasons why FSGs are robbing you of valuable time for business analysis.
Given its complex business structure and goals, Toronto-based Harlequin Enterprises, a publisher of books on six continents, needed a clearer picture of its finances. To do so, the company installed Oracle E-Business Suite in North America, but when it started implementing the ERP system at larger overseas offices, it soon realized it couldn’t easily report critical financial details.
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
If you use a custom uploader (CU) for entering financial data into SAP, you may think you’re completely bypassing the tedious manual steps SAP imposes. While a CU does streamline data entry to some extent, most of them stop short of automating the process. In this blog, we’ll look at six signs that it’s time to retire your CU, as well as more flexible alternatives that leave more time for critical financial analysis and support faster decisions.
Organizations go to great lengths to implement enterprise resource planning (ERP) systems like Oracle, SAP and PeopleSoft for good reasons. These systems support data centralization and eliminate islands of information caused by software applications that don’t communicate. Despite their overall benefits, many users find ERP systems rigid and difficult to adapt to certain workflows and business processes.
When manpower is what your business is about like Transguard Group, you truly understand the value your employees bring and the need to efficiently leverage their skills. A diversified provider of manpower, security, cash and integrated services, Transguard looks to empower its workforce of 55,000 with the right tools to do their jobs. Although Transguard uses the powerful Oracle E-Business Suite, financial reporting from the complex ERP system was holding back the commercial finance team from performing valuable business analysis.
At Collaborate17, we heard about a number of exciting improvements to PeopleSoft from the Quest International Users Group that are gaining traction with users. Collaborate demonstrated Oracle’s continued commitment to improving the PeopleSoft user experience in terms of functionality and delivery as we describe here, but there remains room for improvement in the reporting realm where the nVision tool falls short in its overall usability.
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.
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.