I’m speaking at Collaborate 17 in Las Vegas

This year will be my sixth year at Collaborate, according to my recollection I first presented there in 2011 and have only missed one year (2013) since then.  It’s going to be a shorter visit than usual, so apologies if I don’t get to connect with you or attend your session.  Here is where you can find me…

Monday

Two of the most knowledgeable speakers you will see are speaking at the same time, there should be a law against it.  I might shuttle between the two, because I don’t want to miss either presentations

2:45 PM– Jasmine H – Mohan Iyer

How do I know where to use – FAH, FAHRCS or SLA?

2: 45 – South Seas I – Thomas Simkiss

Tips and Tricks – Get the most out of Financial Reporting in the Oracle Cloud

4:15 Jasmine H – General Ledger SIG – Always a good knowledgeable crowd.

Tuesday

7am – Morning run

Join myself, Peter Care (@FXLoader) and hopefully quite a few others for as many laps of the Mandalay bay pool complex as you feel up to.  This is now officially an annual tradition, we ought to get OAUG to put it in the agenda.  Best way to blow away the cobwebs and energize yourself for the day ahead.

8:30am – Keynote –  Glenn Finch, IBM

I have been quietly spending a lot of time around blockchain for some time now, so this got my attention.  If you don’t know about blockchain you should, I’m happy to talk about it at any opportunity.  This excerpt from the description should give you an idea how big it really can be

emerging technologies such as Blockchain, Cognitive and Quantum Computing will do more than change our businesses. They will transform industries and create their own ecosystems

Expect to hear more from me about blockchain as the year goes on.

1:30pm – I’m speaking about @FAHRCS

Come see my session – 1:30 PM–2:30 PM South Seas G

How E-Business Suite Customers have achieved modern reporting in the cloud

2:15pm – Fintech Design Jam

I’m a mentor for this two hour Design Jam run by the Applications UX Innovation Events team.  If you have not registered not sure if there is time now, but if you already are I will see you there.  Our goal is to help the teams tell a story about how they would use Fintech in their work, helping them hone in on a manageable 3 minute story showcasing their design.

5pm – airport… (and breathe).

 

Financial Apps Collaborate 16 Sessions

We’re just two days away from the start of Collaborate and there are so many session I want to get to, my focus is on Financial Applications both Cloud and E-Business Suite.  I already listed sessions where you can find me presenting, but here are ones I think will be interesting, I will attend as many as I can

Firstly two cloud customers(Alex Lee and Westmont Hotels) talking about their experiences implementing cloud financials.

Fusion Financials Implementation Customer Success Experience

Monday April 11th 12:45 PM–1:45 PM – South Seas J

Derrick Walters, Corporate Applications Manager at Alex Lee

How Westmont Hospitality Benefited by Leveraging Cloud ERP
3:15 PM–4:15 PMApr 11, 2016 – South Seas I
Sacha Agostini Oracle Functional Consultant at Vigilant Technologies, LLC.

Next some AGIS, Legal Entity and related topics on E-Business suite.  In these areas that have been out for some time, I generally learn something about innovative uses of the products.  Our partners and customers are very smart.

Intracompany, Intercompany, AGIS – Unraveling the Mysteries!
2:15 PM–3:15 PM Apr 10, 2016 – South Seas A
Bharati ManjeshwarMs at Highstreet IT Solutions, LLC

Master Data Series – Legal Entities From 11i thru Cloud
9:15 AM–10:15 AM Apr 12, 2016 – Breakers F
Thomas Simkiss Vice-President of Consulting at Denovo Ventures, LLC

Its Not too Late! How to Replace Your eBTax Solution After You Have Upgraded
10:30 AM–11:30 AM Apr 11, 2016 – South Seas I
Mr Andrew BohnetDirector ateBiz Answers Ltd

General Ledger and Financial Accounting Hub – A look at a Multi-National Structure
3:30 PM–4:30 PMApr 10, 2016 – Jasmine H
Bharati ManjeshwarMs at Highstreet IT Solutions, LLC

Finally, there are sessions called Power Hours, which are strangely two hours, but i really like the experience last year and based on the fact they are back i assume others did too.  they are not a traditional lecture format, they are more interactive and allow people to discuss their experiences and learn from each other.  If you have not tried one, I highly recommend them.  Here are a couple that jumped out at me
Power Hour – Coexistence – On Premise and Cloud Together and In Harmony
3:15 PM–5:30 PM Apr 11, 2016 – Mandalay Bay C
Mohan Iyer Practice Director at Jade Global, Inc.
Power Hour – eBTax Hacks – Your Questions Answered
9:15 AM–11:45 AM Apr 12, 2016 – Mandalay Bay C
Mr Andrew Bohnet Director at eBiz Answers Ltd
Alexander Fiteni President at Fiteni Enterprises Inc
Dev Singh Manager at KPMG LLP Canada
Power Hour – Master Data Structures in EBS and Cloud
12:45 PM–3:00 PM Apr 11, 2016 – Mandalay Bay C
Mohan Iyer Practice Director at Jade Global, Inc.

What is FAHRCS?

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.

Accounting Hub Reporting Cloud Service

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.

SunburstSo 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.

Focus on User Groups at Oracle OpenWorld

Anyone who reads my blog regularly might be tired of me praising user groups, but I believe it is worth repeating myself.  The type of information sharing you get from user groups is unique and very valuable, it is important for Oracle to support that, be aware of it, but not interfere.  I have been involved with the Oracle Apps User Group via the GL SIG for several years now but I will never push my agenda, I listen, provide information or presentations that are requested and I learn.  Many of my colleagues will tell you the same.  So Sunday is User Group day at OpenWorld and I look forward to seeing a lot of familiar faces and learning something new.  I have a bit of a schedule crunch this year, 12 months ago I committed to run the 5k “Dolphin Dash” School fundraiser with my 8 year old son, I didn’t think for a minute it would fall on the same date as OpenWorld.  So I have to run a 5k at 9am and then dash into San Francisco to present at the GL SIG for 11am, if I arrive in my running gear, still sweating please accept my apologies.  I will stay around for more of the sessions and always I will be active on twitter, so you can find me that way too.

At the GL SIG I’ll be talking about and briefly showing the new Accounting Hub Reporting Cloud Service, which I am very excited about.  You will also hear from Lakshmi Sampath from Dell about SLA on their upgrade to R12.  The full agenda is below, I hope to see a lot of you there.

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Agenda GL-SIG @ OpenWorld 2014 on Sunday, September 28th, 11.00am
Location – Moscone W – 3005

Agenda

  1. Introduction to the SIG
  2. Proactive support presentation
  3. Sponsor message (Excel4Apps)
  4. Lakshmi (SLA on Upgrade @ Dell)
  5. David Haimes new Accounting Hub Cloud Reporting Service
  6. Open questions

We will be joined by our Oracle colleagues to tell us about ProActive support and their leading practices to deliver content and help to the Oracle user community.
Excel4Apps will be helping us by sponsoring the meeting at this conference.

In the past many oracle apps customers have looked elsewhere for their reporting needs – until now – see a preview of “Accounting Hub Reporting Cloud Service”. See how many finance users are using their favorite tools for reporting – Smartview, Cubes, and related functionality to get their financials.  Fusion Account Hub Reporting Cloud Service is a new subscription service provides out of the box integration with EBS R12 General Ledger for reporting.  This session will provide an introduction to the new service, how it connects, works with EBS data, the reporting capabilities available and what it does and does not support.  Come listen to David Haimes, Senior Director, Financials Product Development t alk about the new service.

Hear what Lakshmi Sampath from Dell has to say about their upgrade to R12. The presentation covers the R12 Upgrade Case-Study at Dell providing details on what happens during upgrade to R12 in various subledgers (PO, AP, AR, PA, FA) with respect to SLA. This presentation will also provide details on strategies for data conversion to SLA model during upgrade, and cover critical lessons learned during the upgrade @ DELL.

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What is Fusion Accounting Hub?

I like the name Fusion Accounting Hub.  I would like it more if it did not cause so much confusion with the E-Business Suite (EBS) Financial Accounting Hub.  So in an effort to clear things up, I’m writing this blog post.

First some history.  When we designed EBS R12 we wanted to have a common accounting engine for all subledgers, so we built Subledger Accounting (SLA).  We also wanted to provide a platform for customers to generate accounting for all their non Oracle Apps transactional systems using a rule based system.  So we created Financial Accounting Hub (FAH) which exposes the SLA rules engine to external systems so you can bring those into EBS and generate the accounting for multiple systems in one place, using standardized, transparent accounting rules.

When we were building Fusion Applications, we wanted to Fuse the market leading Hyperion BI and Financial Reporting features as well as the powerful PeopleSoft Trees* with EBS General Ledger.  We also wanted to provide a way for Peoplesoft, EBS and JDEdwards customers to move to Fusion in an incremental manner, maybe consolidating data from several GL instances into one Fusion system.  The result was Fusion Accounting Hub (FAH).  Oh and we also provided the accounting rules engine for external systems in the Fusion Accounting Hub.

So we ended up with the same ‘Accounting Hub’ name for the Fusion product when it really offers a whole lot more and different options, you can pick and choose what you take advantage of.

So in summary:

  • E-Business Suite Financial Accounting Hub – An accounting integration platform
  • Fusion Accounting Hub – A BI, reporting and consolidation Platform and an Accounting Integration platform

The other great thing about Fusion Accounting Hub is it is a a great way to incrementally move all your financials into Fusion, but that is a topic for another post…

I hope this clarifies, rather than confuses things, but please let me know your questions in the comments section below.

*Actually there are other Peoplesoft features we include, not least of all automatic balancing across multiple chart of account segments.

Want more on Legal Entities?

I was perusing the statistics that wordpress.com provides for this blog and was interested to learn that the most commented on post, with a whopping 69 comments, is the classic from November 2007 – How do I define my Legal Entities? .  It has also received 18,449 page views which is the second most viewed post on this blog.  My conclusion is that people are interested in this topic and want to learn more, so I thought I would mention the OAUG GL SIG meeting at OpenWorld where I have been asked to make a short presentation about Legal Entities, essential details are:

 

Title: OAUG General Ledger SIG
Time Sunday, 04:00 PM, Moscone West – 3005
Length 1 Hour
Abstract: The OAUG General Ledger SIG is a worldwide community of professionals engaged in the use of record-to-report business processes. Group members are business users, consultants, and support members engaged in the use of Oracle General Ledger.

This session focuses on Oracle Fusion Financials’ General Ledger feature, the Oracle E-Business Suite Release 12+ update, and the Oracle Financials release roadmap.

I have just started to think about preparing slides and I thought that rather than actually work on them, I would blog and see if anyone had ideas on the type of thing I should talk about (the hip crowd would call it crowd sourcing).  It’s been almost 4 years since that post, so let me know in the comments what more information you would like on Legal Entities in Oracle Apps.

The comments section is just down below, past all the widgets asking you to like the post and share it…