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
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.
“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 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.
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.
Last week, we made our tenth consecutive trip to San Francisco for Oracle OpenWorld, the world’s largest conference for Oracle customers and technologists. The event, which has ballooned in attendance from 50 in 1982 to 50,000 in recent years, was once again a great opportunity to learn about forthcoming Oracle technologies, as well as the challenges and needs of Oracle users.