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…

Author: David Haimes

I'm Senior Director in the Oracle Research and Development Organization, with close to 20 years working in various roles on the development of the Financial Management product suite.  Since the summer of 2016 my focus is exclusively on working with customers and longer-term design work, particularly around next-generation functional and technical architecture. My task is to figure out NOW what the financial management system of the next 3, 5 or more years should look like and start working toward it.  At the moment the majority of my time is spent working on Blockchain or Distributed Ledger Technologies (DLT), leading the effort for all of SaaS applications.  I'm also interested in AI, Machine Learning and new UX and interaction paradigms such as chat bots. I started out in Oracle UK and found my way out to Oracle's Redwood Shores, California HQ in May 2000.  My previous role was product owner for Fusion Accounting Hub, General Ledger, Intercompany and Legal Entity products in Oracle Fusion Financials and eBusiness Suite General Ledger. I have also worked on EMEA Globalizations, Federal and Public Sector Financials, XML Payments and a variety of projects on other products down the years.

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