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

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…

Oracle OpenWorld: The Fusion Apps WOW factor

This certainly felt like my busiest OpenWorld ever, but one of my most enjoyable.  I’ve already blogged my What, Where and When and I pretty much did all I planned to do.  I spent a lot of time at the Demo Booth for Fusion Financials and really enjoyed people’s reaction to Fusion Applications.  My favorite incident was when I was showing to an Oracle representative and his client who was an experienced Russian lady who had a lot of questions and then wanted to see a demo, all my answers to her questions had to be translated so she would mostly be looking at the interpreter.  However during the demo  she just looked over at me and smiled instead of looking at the interpreter and the amazement on her face said it all.  It seems the WOW factor needs no translation.

Fusion Financials in 2D

I was asked by a customer for some links to send to their users to give them a taste of the powerful reporting features in Fusion Financials.  That gave me the idea to post a few videos here, because Fusion Financials looks so good it is better to see it than for me to explain it to you.

First you should check out the Fusion Financials YouTube channel, which has some nice demos with voice over by my former boss and now strategy director Zoe Read.  I have embedded my personal favorite below

Then there is a two minute overview of Financials on Oracle.com that really only scratches the surface but captures the essence of why the reporting is so compelling very well.

If you have questions after that, feel free to ask them in comments section below…

Happy Fusion – Our Time is Now

robot clockWhilst I was visiting the Oracle offices in Hyderabad recently, the Fusion development team gave me the gift in this photo and that’s what prompted this post. Fusion has, and continues to be, an incredible journey. Building a full suite of enterprise applications from the ground up is certainly a challenge, but the learning from the continual customer interactions and the amazing people and products from the many companies that have joined Oracle during the acquisitions, has been an immensely rewarding and enjoyable and enriching experience. One thing that has been a little frustrating is that I was not able to blog in detail about Fusion while it was not released, but as it is now generally available, the time is now. The Oracle Applications Blog has relaunched recently and we’ll see a lot more content there, I saw a really nice paper by infosys on Fusion Financials and Joe (my former boss and now much respected colleague in the strategy team) has been active on the Fusion Financials strategy team blog and now I am ready to get my opinions and interpretation on things out there. This is a very exciting time for me, because I believe the team has done a phenomenal job of building Fusion Applications.

So over the next weeks and months I hope to bring you some interesting Fusion Applications posts and I will continue to mix in Ebusiness Suite and general tech topics as always. You will also see me getting a little more active on twitter again so please follow me there too and let me know what you think and what you would like to here more details about.