Posted on October 9, 2014 by David Haimes
So what is this new service and why was it such a big focus at Oracle OpenWorld this year?
- It’s a very exciting opportunity to experience the powerful Financial Reporting innovations in our Cloud offerings without disruption to your existing ERP investments.
- It’s a way to take advantage of the Simplified Financials Report Center, optimized for easy access to reports on your choice of mobile device
- It includes the sunburst data visualization tool, which was my killer demo last week at OpenWorld (see screen shot)
- It’s a way to move to cloud in an incremental manner, realizing business benefits quickly without disruption to your existing business processes and systems.
- It has a companion EBusiness Suite feature (available on 12.1.3 and 12.2.4) that will push all your set up and GL Balances to your cloud service and generate reports automatically for you. Giving you a zero configuration reporting solution for you EBS GL Balances data (watch out for more detailed posts on this soon)
- It has web services to load General Ledger data from PeopleSoft, JDE Edwards or any other ERP system.
- It’s a way to get your hands on the Oracle Social Network which is part of the platform our Cloud offerings are built on.
That’s a decent list to start with, but there are a few things that it isn’t which I should call out
- It is not(yet) the Accounting Hub Integration Platform with all the rule based accounting transformations provided by Subledger Accounting Architecture (SLA)
- It is not a new name designed to confuse you when we already have Financials Accounting Hub and Fusion Accounting Hub.
Look out for future posts going into more detail, or you can look at the cloud service page, which has important details such as pricing.
Filed under: General Ledger, Intercompany, Oracle Financials | Tagged: cloud, cloud erp, Financial Accounting Hub, General Ledger, GL, Oracle Applications, Oracle ERP, Oracle Financials, R12 | 2 Comments »
Posted on September 28, 2014 by David Haimes
I promised my 9 year old son that I would run the school 5K fun run with him, little did I know it would clash with Oracle OpenWorld. I had a 5k run at 10am in Belmont and then a presentation to the OAUG GL Special Interest Group at 11am 20 mile sNorth in San Francisco. I was worried about the pace my son could do but we managed to average 9.5 minute miles even with a stop to tie a shoe lace and a lot of traffic of all ages and speeds. We had just enough time snap the picture below and then he went for the pancake breakfast with the rest of his friends and I ran another half mile to my car and headed to the Moscone Center. No time to change and straight up on stage, with 10 minutes to spare before I was due to speak. After that I caught up with a colleague who’s here from the UK over lunch and was home in time to upgrade my son’s home minecraft server to 1.8, write a blog and check on my demos for tomorrow’s Oracle Applications User Experience (OAUX) EXPO.
Only one of us got to stay for the pancake breakfast
No time to change, straight on stage and waiting to present.
later this evening I was pleased to see this tweet from Steve Miranda, our EVP who is also balancing his heavy workload at OpenWorld with family commitments too.
Steve makes time for family too.
So all in all a good day, here’s hoping the rest of the week is just as enjoyable.
Filed under: General Ledger, Musings | Tagged: #oow14, moscone, OpenWorld, Oracle, work life balance | 1 Comment »
Posted on September 24, 2014 by David Haimes
This is number three in my Focus on Oracle OpenWorld Series and this one is in on my home turf, it was the talk of Las Vegas earlier this year at Collaborate. I have explained the difference between Fusion Accounting Hub and Financial Accounting Hub before, but now we have the Accounting Hub Reporting Cloud Service. I’ll be talking about this briefly in the OAUG GL SIG meeting and there is also a session from my boss, Rob Zwiebach that will cover it (spoiler alert, we might use some of the same slides), but he will also have Alex from our internal finance org to give talk about their experience running the accounting hub for the last few years. Rob’s session details are below:
Introducing Oracle Fusion Accounting Hub Reporting Cloud Service [CON8404]
Existing Oracle E-Business Suite customers now have an out-of-the-box coexistence strategy. With Oracle Fusion Accounting Hub Reporting Cloud Service, you can have the power of Oracle Fusion Reporting in the cloud. This session explains the benefits and details of Oracle Fusion Accounting Hub Reporting Cloud Service.
Alex SanJuan – VP Finance, Oracle
Rob Zwiebach, VP Financial Application Development, Oracle
Tuesday, Sep 30, 4:45 PM – 5:30 PM – Westin Market Street – Metropolitan II
I already have a number of customer meetings lined up to discuss accounting hub and a few more I’m trying to squeeze in, so it is shaping up to be an exciting new chapter for the Accounting Hub.
Filed under: Intercompany | 1 Comment »
Posted on September 19, 2014 by David Haimes
This is the first of a series of posts I am planning leading up to Oracle OpenWorld which starts in less than a week. I have a few different focus areas this year, so I’ll write a little about each of them.
I’ve been talking about collaboration in ERP for quite some time and was also very flattered to have TheAppsLab and Ulan for the UX team cover what we have done in their blogs too. I call it Socializing the Finance Department, it isn’t about more Pot Luck Lunches and after work drinks, it is about using social tools in a secure and efficient manner, embedded in your ERP system, tied to your transactions and business flows to make you more productive.
The Oracle Social Network(OSN) is part of the infrastructure we build our cloud applications on, so it is pervasive in our cloud apps. There are a lot of good sessions, see here for the complete OSN list. I will be on a panel discussing the best use cases for social in enterprise applications, Tuesday September 30th 5pm – 5:45pm - Moscone West – 3022, full details here.
We won’t be doing a demo, but here is one video to give you a taste of what we will discuss, or check out my post Can chatting make us more productive? for another video. TO be honest, if you catch during the #oow week, I’m usually happy to show this off, so feel free to ask me.
Filed under: Intercompany | Leave a comment »
Posted on September 18, 2014 by David Haimes
According to the CEB Corporate Leadership Council High Performance Survey, 2012, the average worker collaborates with 10 or more people to accomplish day to day tasks. That is a lot of chatting. We think that this chatting needs to be be tied to the business transaction you are working with and the best way to do that is by having the collaboration tool as part of your ERP application. This is what you get with Oracle ERP Cloud. I have discussed what social is in the ERP Cloud world in my earlier post Socializing the Finance Department that you can review to get a background. The key message here is that the collaboration must be tied to a transaction. Take a look at the video below to illustrate the point and see it in action.
I think you will agree this type of chatting, or as Alan Leposfsky (@alanlepo) of Constellation Research would call it, purposeful collaboration, clearly does make you and your organization more productive.
Filed under: Intercompany | 1 Comment »
Posted on September 16, 2014 by David Haimes
Tomorrow Oracle is hosting a Bay Area Heart Walk at it’s HQ campus and it should be a huge event, not only raising valuable funds but also raising awareness of the importance of a heart healthy lifestyle. Since the beginning of this year I have been doing regular walking meetings and have enjoyed the benefits to both my health and my productivity. I also found many other people already doing walking meetings and others who have been inspired to start them. I’ve really enjoyed the overwhelmingly positive responses and encouragement.
Highlights of the event include the Semi Official Oracle house band, Scope Creep, check out this YouTube clip, you may recognize some of the faces including my boss on drums, who I can confirm does not appreciate my joke – what do you call somebody with no talent who hangs with musicians? – answers in the comment section please.
I will be walking with ‘Team Erb’ led by the energetic and enthusiastic (except when it comes to twitter) Janine Erb, who is one of the singers in the YouTube clip above. We have close to 100 people in the team and I’m looking forward to walking with and talking to people I have known and worked with for a long time and also making some new friends. If you are there tomorrow, come and say hi. I’ll take some pictures and probably tweet during the event.
Finally, if you want to donate you can follow this link, but probably more importantly spend some time educating yourself, the American Heart Association is one place to start.
Filed under: Musings | Tagged: walking meeting | 2 Comments »