The OAUG Collaborate conference kicks off in Las Vegas on Sunday April 10th. This conference is organized by Oracle user groups and is packed with content from customers, partners and Oracle have some sessions too. If you follow this blog you will know I am a big fan of the conference, I learn a lot from our customers and try to give back as much as I can by sharing information and answering questions. The twitter conversations are already starting, follow #C16LV now and certainly during conference week to see what people are talking about.
I will be presenting a session on Accounting Hub Reporting Cloud Service for Oracle E-Business Suite
1:00 PM–2:00 PM Apr 12, 2016 – South Pacific I
Register now for that one, I will leave plenty of time for questions because this cloud service is generating a lot of buzz.
I will also be at the OAUG GL SIG Meeting
3:00 PM–4:00 PM Apr 13, 2016 – South Seas J
I’m also planning to attend Meet the Experts: Oracle E-Business Suite Financials
2:15 PM–3:15 PM Apr 12, 2016 – Breakers G
I will help take questions, you can decide if that qualifies me as an expert or not.
I’ll also be attending Oracle E-Business Suite and Oracle Cloud Solutions: Update, Strategy and Roadmap
Nadia Bendjedou, Sr. Director, Product Strategy, Oracle
Monday, April 11, 2:00 – 3:00 PM – Banyan A
I am combing through the sessions to identify others that I want to go to and learn from, I will share those later, watch this space.
FAHRCS (pronounced farks) is the de facto acronym for the officially titled Accounting Hub Reporting Cloud Service. It Stands for Fusion Accounting Hub Reporting Cloud Service, which is quite difficult to say. I have got pretty good at saying F.A.H.R.C.S quickly, but I think “farks” is probably the easiest.
If you are wondering what FAHRCS actually is, you can follow @FAHRCS on twitter, or check out https://cloud.oracle.com/en_US/accounting-hub-reporting-cloud for official documentation.
I’ll be presenting about it at the Higher Education User Group Conference, Alliance16 in March and again at OAUG Collaborate16 in April. So I hope to see you there and help you learn more about FAHRCS.
So what is this new service and why was it such a big focus at Oracle OpenWorld this year? We take a quick look at the major benefits and features.
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.