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  • about.me

    David Haimes

    David Haimes

    Thinker, Blogger, Leader, Father and Husband

    I'm a Senior Director working in Oracle Applications Product Development. I started out in Oracle UK and found my way out to California in 2000. I'm interested in technology both inside and outside of Oracle and am always thinking of how I can incorporate new ideas, technologies, methodologies or innovations into my work here at Oracle.

    My current role is product owner for General Ledger, Intercompany and Legal Entity products in Oracle Fusion Financials and eBusiness Suite General Ledger and leading the Social Strategy for Oracle Financials Applications.

    I Blog about Oracle Financials and anything else I see that is interesting or potentially useful at davidhaimes.wordpress.com

    You might also see me on twitter as dhaimes

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Fusion Accounting Hub is the talk of Las Vegas

As I was planning my agenda for the Collaborate 14 (#C14LV) conference next week, I noticed a lot of sessions on Fusion Accounting Hub.  In my earlier post defining Fusion Accounting Hub (FAH) I introduced this idea of a reporting platform, it is a compelling reporting and consolidation solution and as such is gaining a a lot of attention, particularly when Coexisting with Ebusiness Suite, Peoplesoft or JD Edwards ERP systems.

I will be presenting Monday at Collaborate on Fusion Accounting Hub coexisting with E business Suite R12 and how it was used to implement a global chart of accounts.  The multinational SIG has a series on reporting and there are several other sessions from various customers and partners on Fusion Accounting Hub and Coexistence.  I’m listing them below so you can plan accordingly, I will be at most of these, look forward to seeing you there too.

 Monday 7th April

 Reaping the Benefits of Coexistence Strategy With Fusion Accounting Hub: A Case Study

1:00 PM-2:00 PM

Session ID: 14480
Room: Level 3, Murano – 3201
Abstract: Oracle’s Fusion Application provides organizations with the option of next generation of enterprise applications which can optimize their business user experience and productivity. With Fusion Applications, organizations now also have a choice to coexist with their existing IT investments. This session will focus on the Fusion Application Coexistence strategy with the use of Fusion Accounting Hub and show case a few case studies of how fusion accounting hub was used to integrate EBS, PeopleSoft and JD Edwards.

  • Sujoy Hajra, Deloitte Consulting USA
  • Ganesh Bhoominathan, Deloitte Consulting USA
  • Rattan Singh, Deloitte Consulting USA

 E-Business Suite Coexistince With Fusion Accounting Hub and Implementing a Global Chart of Accounts

3:20 PM-4:20 PM

Session ID: 14977
Room: Level 1, Marco Polo – 805
Abstract: Hear how Oracle implemented Fusion Accounting Hub Coexisting with it’s R12 EBS Financials and transitioned to a new single Global Chart of Accounts in less than a year. You will learn the principles and process used to determine and reach agreement on the new chart of accounts as well as how the final result looks. In addition you will learn how over 100 ledgers are consolidated in Fusion Accounting Hub and the time to close reduced. We will discuss the best practice recommendations for Fusion Accounting Hub.

Tuesday April 8th

Fusion Financials Cloud & Fusion Accounting Hub

1:45 PM-2:45 PM

Session ID: 105810
Room: Level 3, Murano 3202
Abstract: Get up and running on Fusion Financials at the speed of Cloud using the Fusion Financials Implementation tools. Upload tools allow you to upload repetitive type entries directly from Excel to Fusion Financials Cloud, such as the chart of accounts. The Functional Setup Manager guides you through the essential steps to set up and configure your applications using the most common features and best practice considerations. Also discover how Oracle Fusion Accounting Hub address common problems such as integrating accounting from both Oracle and non-Oracle applications. All this will allow you to reap the benefits of Fusion on the Cloud or On Premise faster than ever before.

Making the Choice: E-Business Suite 12.1, 12.2 and/or Fusion

3:00 PM-4:00 PM

Session ID: 14953
Room: Sands, Level 1 – 307
Abstract: With the availability of E-Business Suite 12.1, 12.2, and Fusion, Oracle customers who are still on 11i have a whole host of choices to consider when migrating from their current 11i system. This presentation will outline both the benefits and risks in upgrading/implementing all three ERP systems and how you can develop a business case and migration strategy based on this knowledge. Fusion co-existence will also be discussed and considered within this roadmap.

Co-Existence Versus Replacement, the Future of Global Implementations, a Multi-National User Panel

4:15 PM-5:15 PM

Session ID: 14436
Room: Sands, Level 1 – 307
Abstract: We need to do better! Global ERP implementations rarely have provided the expected business benefits and never seem completed. We need more flexibility, nimbleness, and adaptability to change:prepare for co-existence of systems, not just replacement. At the same time we need to promote multi-country compliance solutions and parallel multi-country integration.Rigorous focus on data validation, global process standards, and minimizing applications diversity are other corner stones. We will have a spirited discussion.

 

Thursday April 10th

Using Fusion Accounting Hub to Consolidate Third Party Accounting Systems into PeopleSoft Financials

1:00 PM-2:00 PM

Session ID: 108720
Room: Level 4, Lando 4303
Abstract: If you have many third party systems that require specific accounting rules and have built individual integrations into Oracle’s PeopleSoft Financials, then this session is for you. Let us show you how Oracle’s Fusion Accounting Hub can streamline the maintenance and creation of accounting from the many feeder systems. This session will also deep dive into the integration built between the accounting creation of the hub into PeopleSoft General Ledger. We will show you how you can use the power of PeopleSoft and the power of the Fusion Accounting Hub to reduce costs, maintain higher levels of controls and auditability.

Friday April 11th

Fusion Accounting Hub: How to Maximize Your Existing Investment in Oracle Apps Unlimited Products?

09:45 AM-10:45 AM

Session ID: 14399
Room: Level 3, Murano – 3201
Abstract: Fusion Accounting Hub (FAH), provides a complete set of accounting tools. The product supports all financial management and analytical reporting needs. There are various approaches to adopting FAH in co-existence with various systems. Oracle has provided pre-built integrators using GoldenGate from EBS and via ODI from PeopleSoft to integrate to FAH. Non-Oracle sources can also be integrated. FAH offers the product’s full reporting, catalytic, drill down and integration capabilities to AU customers.

Fusion Financials: How to leverage Fusion Financials ( New Implementation vs Coexistence)

12:15 PM-1:15 PM

Session ID: 15147
Room: Level 3, Murano – 3201
Abstract: This presentation will provide an overview of Fusion Financials. We will review the new functionality that exists in Fusion Financials and compare it to E-Business Suite. We will also review the implementation options and compare a new Financial Implementation with a Coexistence model alongside E-Business Suite.

  • Eric Deering, Apps Associates
  • Srinivas Pothireddy, Apps Associates

Collaborate 14 Paper: Balancing by 2 Segments

It is a very common requirement to automatically balance by two different segments of the chart of accounts, typically the Legal Entity and some sort of Management Entity (department, line of business, cost center, etc).  Fusion financials allows you to balance by up to three segments, which is always a well received feature.  However at Collaborate you can learn how one company built a custom to do this in EBusiness Suite.  I’m honored to have been asked to Co-present with GE on this topic, they have done some really good work here and I’m sure it will be of great interest to others too.  So come along and join us, you’ll get the specifics of what they did, the details are below:

Session ID: 13941
When: 10 Apr 11:00 AM-12:00 PM
Room: Level 1, Marco Polo – 801
Speakers: Sangeeta Sameer, General Electric (GE),  David Haimes, Oracle Corporation
Abstract: This paper describes the Custom solution that General Electric (GE) implemented in collaboration with Oracle to achieve Balancing by 2 segments in Release 12.1.3 of Oracle E-Business Suite (EBS). GE has the business need to Balance by both the Legal Entity (LE) and Management Entity (ME) segments in the Chart of Accounts. While Fusion Applications allow Balancing by 3 segments, Oracle EBS Applications do not have this Functionality. This paper covers the requirements and solution in detail for 2 Segment Balancing.

This is Your Brain on Walking Meetings

Your Brain on Walking MeetingsSince I started regular walking meetings at the beginning of the year, I have been surprised at the interest and response I’ve had.  My previous co-worker from the early AGIS days, Jake Kuramoto (now of TheAppsLab fame) penned a nice blog post about it, called Good Idea: Walking Meetings.  I was interviewed by @Ultan from the Oracle UX team for the Usable Apps Blog, which included a picture of myself walking with Floyd Teter, of ORCLville fame, who is a long time walking meetings proponent and gave me some encouragement and advice.  I was also interviewed for a travel magazine, for a June edition, so we will see if I survive the editing process and make it into that article.

This article from @thefastcompany, which had the picture above really resonated with me.  I feel my meetings are more productive when walking; I seem to be able to remember things without referring to lists or taking notes and the conversations flow faster.  the picture might give a clue why.  I had a great phone conversation with Russell Clayton (@ProfessorRWC) after commenting on his great piece on Harvard Business Review blog about exercise promoting work-life balance.  He is also interested in the how walking meetings can promote better working, I am looking forward to hear more from him on that, because I have anecdotal evidence, but would be interested in scientific research on that aspect of walking meetings.

Finally, the most pleasing aspect has been the response from my team and my colleagues.  The enthusiasm and encouragement from them has made it a really positive experience.

So if you haven’t tried them yet, give it a go and tweet your experience and pictures using the hashtag #walkingmeetings

 

My Session at Collaborate 14 in Las Vegas

I am honored to have had one of my papers selected by the Oracle Applications User Group for the Collaborate conference this year.  These conferences are really good because all the content is nominated by and voted on by users and I personally think people get really good advice from their peers on how to get the most from their investment in Oracle’s products.  As well as trying to get some useful information out there for people, I also like the interaction with users both in the sessions and around the conference in general.

I am the main speaker for the session below, so mark your Calendars (or add me to your agenda on the conference app, available for iOS or Android)

E-Business Suite Coexistince With Fusion Accounting Hub and Implementing a Global Chart of Accounts

7 Apr 3:20 PM-4:20 PM

Session ID: 14977

Room: Level 1, Marco Polo – 805

Abstract: Hear how Oracle implemented Fusion Accounting Hub Coexisting with it’s R12 EBS Financials and transitioned to a new single Global Chart of Accounts in less than a year. You will learn the principles and process used to determine and reach agreement on the new chart of accounts as well as how the final result looks. In addition you will learn how over 100 ledgers are consolidated in Fusion Accounting Hub and the time to close reduced. We will discuss the best practice recommendations for Fusion Accounting Hub.

—-

I am also going to be speaking at the GL SIG and may be co-presenting another session with a customer (need to confirm that one), I’ll post details of those a little nearer the time.

An Update on Walking Meetings

The scene of our walking meetings

The scene of our walking meetings

I gave notice that I was starting walking meetings for 2014 and now that I am three weeks in, it’s time for an update.  The first thing that happened was I got a lot of support and encouragement right away, on twitter (check out #walkingmeetings), LinkedIn, via comments on the blog and email.  However the most important reaction was from my team, they were very enthusiastic to try it and seem to embrace it wholeheartedly.  I have 9 local direct reports and I shifted our weekly 30 minute one to one meetings to walking meetings, we have a beautiful location and climate here in Silicon Valley so getting out there is easy, although I did cancel one meeting when it was windy.

My prime motivation was to get more exercise and my fitbit statistics show I am walking between 4 and 6 miles a day now, up from 2 or 3 miles a day previously.

The meetings seem to be more productive, away from the distractions of interruptions from other people, emails and IM coming in we can actually talk through the issues we need to discuss, think about them clearly and agree on actions.  In general each of us jots down the things we want to discuss on a scrap of paper before we set off.   I can easily jot a reminder on my smart phone if I have an action I think I might forget.  If we need to do something on a computer we just end at my office and spend a few minutes in front of it together, but you would be surprised how little we need this.  We are a technology company, the stereotype is of geeks hunched over a computer in a darkened office surrounded by pizza boxes and empty Coke cans, but in reality most of a software engineer’s job is not about physically writing code, it is about solving problems, thinking, discussing, bouncing ideas off each other etc.  Getting outdoors now and again is certainly conducive to this creative process.

So these are my early thoughts, more to come as we keep this going and if we ever get any rain this year I will see how I cope with that.

Oracle Ebusiness Suite Financials Books

I am often asked what book to read to learn Oracle Financials, there is no simple answer here.  If you get the concepts right everything else will drop into place much more easily than getting overwhelmed with specific details of how to configure every single feature click by click or what every single UI does in detail.  I have listed some of the books available below.  I have given some commentary, but I advise going to amazon and checking out the reviews there or looking in the comments of this post where I hope you will all share your thoughts on the ones you have read.

Oracle E-Business Suite Financials Handbook, Third Edition

I have the first edition of this book, it is very readable and goes over the concepts and major features of all the products in financials, a good starting point if you are new to financials.  It discusses how you would run an implementation project and does not concern itself with step by step guidance on how to set up specific features.  It’s a good book and well researched.

I have not read the third edition in detail yet, anyone who has please feel free to post comments on this post.

Oracle E-Business Suite Financials R12: A Functionality Guide

Oracle E-Business Suite Financials R12

Full disclosure on this one.  Firstly I was given this book free by the publishers to review, secondly I know the author Mohan Iyer, who is chair of the OAUG GL Special Interest Group.

This book is not going to make you an expert in Oracle Financials and ready to get started on a major implementation right away, it does not get into the detailed steps of how to configure all the modules and features. It simply introduces the modules in a way that a business user can understand, diving into a little more detail in some places. I think it is intended to be a guide for a business user considering or already starting an implementation, so they can understand some of the options and choices available and I feel it mostly meets that goal well.

The Oracle General Ledger guide

I purchased this book and I’ve read most of it. It seems to be very comprehensive and accurate on the details but is not adding the value I’d hope for over and above the online help or product documentation.  I would have liked it to see some more concise overviews of features and business cases for using certain implementation choices over others.  That said I’m thrilled to a book on GL and am sure many people will find it useful.

Oracle E-Business Suite Development & Extensibility Guide

Not had a chance to read this one, but it contains information that many, many people will care a lot about.  Let me know if you have read it.

Shining a Light on the Release 12 World

The Solution Beacon crew have produced a number of good publications and have a lot of experience, they focus on what is new in R12 and what is in it for you.  It comes with a recommendation from Floyd Teter, who is a respected friend of this blog.  I have not read this one myself.

If you have any of these books, or maybe you are one of the authors of these books please share your thoughts with the community in the comments section.

Socializing the Finance Department

I have been doing a presentation called ‘Socializing  the Finance Department‘ within Oracle and to our customers and partners for over a year.  It is a way to explain the business benefit of Oracle Social Network being part of the applications platform in our ERP Cloud service and I am finally getting ready to start blogging on this, it will probably be a theme I focus on quite a lot, because it is such a game changer in the way people use ERP applications and get their job done.

In this first post I want to set out by what we mean by social in this context.  We do not mean sharing details of our business process on twitter, or sharing pictures of our babies on facebook.  We do not mean more office parties or chatting about football around the water cooler.  We do mean collaborating with the right people, wherever they, are in the context of my transaction to complete my job.  We do mean having real time visibility into the collaboration happening to complete a business process.  We do mean have an audit trail of the conversations, supporting documents and decision making process that supported transactions in our system, right there embedded as part of the transaction or business process.

In my experience, all of the above benefits tend to resonate very well with customers and they want to see more.  Below is a screen shot from the desktop Oracle Social Network showing the period close process, it should give you an idea of what is to come.

OSN Period Close

Now the pressure is on me to get more blog posts out on this topic.  Comments welcome below…

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