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.
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.
Like many companies that rely on the SAP enterprise resource planning (ERP) solution, Aigle ― and the company’s Hong Kong office in particular ― was concerned that reporting from SAP is time consuming and difficult.
If your company is like most, the July through September timeframe is when you put together next year’s annual budget. This annual budget can function as an effective means for spending control. However, as “The Planning Survey 14” from BARC describes, annual budgets are nearly outdated by the time the yearly planning cycle is over, rendering them ineffective as a performance management tool. This means most companies really need rolling forecasts to update their budget data throughout the year in monthly or quarterly intervals.