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.
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
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
3:30 PM–4:30 PMApr 10, 2016 – Jasmine H
Bharati ManjeshwarMs at Highstreet IT Solutions, LLC
3:15 PM–5:30 PM Apr 11, 2016 – Mandalay Bay C
Mohan Iyer Practice Director at Jade Global, Inc.
9:15 AM–11:45 AM Apr 12, 2016 – Mandalay Bay C
Mr Andrew Bohnet Director at eBiz Answers Ltd
12:45 PM–3:00 PM Apr 11, 2016 – Mandalay Bay C
Mohan Iyer Practice Director at Jade Global, Inc.
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. Is 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.
I had convinced myself the Apple Watch was an overpriced fitness band and that it wasn’t for me and was set to get a Garmin to track my running instead. Then out of the blue I was given an Apple Watch. So you can certainly put me down as a cynic, but I certainly like to think I am open minded, so here are my thoughts after a week with the watch.
The experience of getting it set up was surprisingly frustrating, I had to upgrade my phone to iOS 8 before I could activate the watch and that meant deleting things to free a few Gb of memory (to upgrade my Operating System, really?). So everything had to wait until after I got home and backed up my phone.
First I got this rather cool visual on my watch to scan with the phone and then it was paired and I got this screen telling me the model that I had bought. OK so I still could not get the time from this watch and I have had the thing all day, I’m getting a little impatient at this point.
After waiting about 5 minutes for it to synch, suddenly a load of my apps, including my email, texts, calendar, twitter fitness apps and more are available on my watch. This is about to get interesting.
The first thing I noticed is that it is actually really easy to ready and see at a glance the notifications that are sent to your watch, such as Calendar reminders, text messages and Oracle Social Network updates (glad to see we are quick to the new platform with our own mobile apps). This is good for me, I get a lot of these alerts and I found a glance at my wrist was much nicer than pulling out my phone and unlocking it and starting at it. This sounds like a very small thing, but it is these small improvements in frequent interactions that make for a great user experience. I also agree with Jeremy Ashley about the huge value in being able to retain eye contact, notifications on my watch are far less obtrusive and the glance at my wrist it is a great experience.
So I wanted to try using it for some different things so I decided to test out text messages first, a quick SMS to respond to my wife’s text ‘ETA?’ to let her know what time I am planning to get home.
So I tap once on that nice Reply button
I can now either pick from a set of pre-defined responses and they would be sent without any other interaction from me. However I like the personal touch, this is my wife after all, so I decide I will click on the microphone icon to dictate a response. I speak in my answer and see the sound wave at the bottom and the text comes up perfectly first time.
So now I click done and get a really option to either send the audio or to just tap on the text and send that. This is a great feature if maybe the voice to text didn’t work properly and I don’t want to waste time correcting it or speaking it again.
After tapping on the text I am now done. The whole interaction was very fast and felt very natural. At this point I am really starting to like the Apple Watch. In the next few days I try driving directions, twitter, my calendar, a variety of fitness apps and more and pretty much across the board I find the interactions are natural and quick and the fact I have to pull out my phone less is a much bigger deal than I expected. I find I can glance down at my watch see a text or meeting reminder and carry on a conversation in a way that was not really possible if I had to pull my phone out. The one app I haven’t yet mentioned is the time, I haven’t worn a watch for over 10 years and I have realized in the last week it’s much easier to glance at my wrist than to pull out my phone – who knew?
Finally I will be at a conference where my British accent, specifically my North West of England accent will be understood. This will be my first time presenting at the UK OUG Conference and what better place than Liverpool to do it? Home of my beloved Everton F.C., hometown of my parents and less than 20 miles from where I grew up (People from Liverpool would call me a woollyback) just outside Wigan. So I will try to remember to shift from the Californian drawl I have picked up over the last 14 years and into my finest scouse accent.
I’m going to be presenting two papers which will showcase not just the powerful features that can revolutionize how you run your business, but also the amazing use experience, mobile and social features available in our ERP Cloud. Both are on Monday and one is right after the other, so I’m a little bit apprehensive about having 10 minutes to dash from one room to another, get set up and start again.
Here are the details of the sessions, or just search for ‘Haimes’ and you’ll find them. Add them to your agenda, because they are both ‘must not miss’ sessions.
First up, Monday December 8th, 2pm, Hall 11C
This is a great session with a lot of content to pack in but I know the area well and am very passionate about it and have seen first hand how big a deal this is for businesses.
Then 10 minutes to pack up and dash to Hall 1B for 3pm
Doing live demos, with multiple different devices to switch between and using a live cloud environment on a conference WiFi make this a logistical challenge. However when you have a phenomenal user experience, the best thing to do is show it live, so bear with me because we have some pretty cool features to show.
- 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.
I promised my 9 year old son that I would run the school 5K fun run with him, little did I know it would clash with Oracle OpenWorld. I had a 5k run at 10am in Belmont and then a presentation to the OAUG GL Special Interest Group at 11am 20 mile sNorth in San Francisco. I was worried about the pace my son could do but we managed to average 9.5 minute miles even with a stop to tie a shoe lace and a lot of traffic of all ages and speeds. We had just enough time snap the picture below and then he went for the pancake breakfast with the rest of his friends and I ran another half mile to my car and headed to the Moscone Center. No time to change and straight up on stage, with 10 minutes to spare before I was due to speak. After that I caught up with a colleague who’s here from the UK over lunch and was home in time to upgrade my son’s home minecraft server to 1.8, write a blog and check on my demos for tomorrow’s Oracle Applications User Experience (OAUX) EXPO.
later this evening I was pleased to see this tweet from Steve Miranda, our EVP who is also balancing his heavy workload at OpenWorld with family commitments too.
So all in all a good day, here’s hoping the rest of the week is just as enjoyable.
This is number three in my Focus on Oracle OpenWorld Series and this one is in on my home turf, it was the talk of Las Vegas earlier this year at Collaborate. I have explained the difference between Fusion Accounting Hub and Financial Accounting Hub before, but now we have the Accounting Hub Reporting Cloud Service. I’ll be talking about this briefly in the OAUG GL SIG meeting and there is also a session from my boss, Rob Zwiebach that will cover it (spoiler alert, we might use some of the same slides), but he will also have Alex from our internal finance org to give talk about their experience running the accounting hub for the last few years. Rob’s session details are below:Introducing Oracle Fusion Accounting Hub Reporting Cloud Service [CON8404]
Existing Oracle E-Business Suite customers now have an out-of-the-box coexistence strategy. With Oracle Fusion Accounting Hub Reporting Cloud Service, you can have the power of Oracle Fusion Reporting in the cloud. This session explains the benefits and details of Oracle Fusion Accounting Hub Reporting Cloud Service.
Alex SanJuan – VP Finance, Oracle
Rob Zwiebach, VP Financial Application Development, Oracle
Tuesday, Sep 30, 4:45 PM – 5:30 PM – Westin Market Street – Metropolitan II
I already have a number of customer meetings lined up to discuss accounting hub and a few more I’m trying to squeeze in, so it is shaping up to be an exciting new chapter for the Accounting Hub.
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.
Agenda GL-SIG @ OpenWorld 2014 on Sunday, September 28th, 11.00am
Location – Moscone W – 3005
- Introduction to the SIG
- Proactive support presentation
- Sponsor message (Excel4Apps)
- Lakshmi (SLA on Upgrade @ Dell)
- David Haimes new Accounting Hub Cloud Reporting Service
- 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.
This is the first of a series of posts I am planning leading up to Oracle OpenWorld which starts in less than a week. I have a few different focus areas this year, so I’ll write a little about each of them.
I’ve been talking about collaboration in ERP for quite some time and was also very flattered to have TheAppsLab and Ultan (@ultan) for the UX team cover what we have done in their blogs too. I call it Socializing the Finance Department, it isn’t about more Pot Luck Lunches and after work drinks, it is about using social tools in a secure and efficient manner, embedded in your ERP system, tied to your transactions and business flows to make you more productive.
The Oracle Social Network(OSN) is part of the infrastructure we build our cloud applications on, so it is pervasive in our cloud apps. There are a lot of good sessions, see here for the complete OSN list. I will be on a panel discussing the best use cases for social in enterprise applications, Tuesday September 30th 5pm – 5:45pm – Moscone West – 3022, full details here.
We won’t be doing a demo, but here is one video to give you a taste of what we will discuss, or check out my post Can chatting make us more productive? for another video. If you catch during the #oow week, I’m usually happy to show this off, so feel free to ask me.
According to the CEB Corporate Leadership Council High Performance Survey, 2012, the average worker collaborates with 10 or more people to accomplish day to day tasks. That is a lot of chatting. We think that this chatting needs to be be tied to the business transaction you are working with and the best way to do that is by having the collaboration tool as part of your ERP application. This is what you get with Oracle ERP Cloud. I have discussed what social is in the ERP Cloud world in my earlier post Socializing the Finance Department that you can review to get a background. The key message here is that the collaboration must be tied to a transaction. Take a look at the video below to illustrate the point and see it in action.
I think you will agree this type of chatting, or as Alan Leposfsky (@alanlepo) of Constellation Research would call it, purposeful collaboration, clearly does make you and your organization more productive.
Tomorrow Oracle is hosting a Bay Area Heart Walk at it’s HQ campus and it should be a huge event, not only raising valuable funds but also raising awareness of the importance of a heart healthy lifestyle. Since the beginning of this year I have been doing regular walking meetings and have enjoyed the benefits to both my health and my productivity. I also found many other people already doing walking meetings and others who have been inspired to start them. I’ve really enjoyed the overwhelmingly positive responses and encouragement.
Highlights of the event include the Semi Official Oracle house band, Scope Creep, check out this YouTube clip, you may recognize some of the faces including my boss on drums, who I can confirm does not appreciate my joke – what do you call somebody with no talent who hangs with musicians? – answers in the comment section please.
I will be walking with ‘Team Erb’ led by the energetic and enthusiastic (except when it comes to twitter) Janine Erb, who is one of the singers in the YouTube clip above. We have close to 100 people in the team and I’m looking forward to walking with and talking to people I have known and worked with for a long time and also making some new friends. If you are there tomorrow, come and say hi. I’ll take some pictures and probably tweet during the event.
This is a guest post from Sangeeta Sameer, who worked for Oracle for 6 years before moving on to work for GE where has held a number of senior positions. She has also joined the board of the OAUG Multinational Special Interest Group.
At the Collaborate 2014 Conference, David Haimes and I presented a custom solution to enable balancing by 2 segments of the Chart of Accounts in Release 12.1.3 of Oracle e-Business Suite. The attached PowerPoint and Paper that we presented describes in detail the requirements and the custom solution.
So when David asked me to write a guest post about this topic, I thought about what else I would include in the paper if we were writing it again. While the paper talks about the requirement to create a balanced Trial Balance by 2 segments, it does not expand on why we need a balanced Trial Balance by 2 segments. Global corporations like General Electric (GE) need better granularity and accountability for the financial performance of their geographical divisions and lines of businesses by being able to create a Balance Sheet at both a Legal Entity/Statutory level and Business Unit/Management Entity level. GE is a Global conglomerate that has diverse businesses operating in a large number of countries. GE needs the ability to create a balanced Trial Balance by the Legal Entity (LE) and the Management Entity (ME) segments in the Chart of Accounts.
The ability to automatically balance by more than one segment is not a new requirement for GE, and I think it would be a requirement for other multinational companies as well. This requirement is explained quite well in Oracle Fusion Applications Enterprise Structures Concepts Guide 11g Release 5 (11.1.5) – Part # E22899-05. See the section titled “Legal Entity and Its Relationship to Balancing Segments”. While Fusion Applications are able to balance by up to 3 segments in the Chart of Accounts, Oracle e-Business Suite (EBS) Applications are able to balance by one segment only.
In prior EBS Release 11i implementations at GE, the requirement to balance by 2 segments was satisfied by developing custom solutions that needed to be re-visited for Release 12. For example, one of the solutions in 11i was for a custom program to bring balancing entries into the Interface Table. With the introduction of SLA in Release 12, this 11i solution was no longer a good one for R12. The solution described in the attached Paper and PowerPoint is a much more robust solution, and is live in Production for 2 different ERP Projects at GE.
The OAUG Multinational Special Interest Group (SIG) is organizing a webinar on June 11th at 10.30 am Pacific (1.30 pm Eastern) on this topic. David and I will repeat the presentation from Collaborate 2014, and look forward to sharing this solution again. The webinar will be one hour long, including 20-25 minutes for Q&A.
The link to register for this webinar is:
Last week I attended a Wearables Design Jam organized by Ultan (@ultan) from the Oracle UX team (a future post is coming on the event) and since then I have been thinking about what makes a successful wearable device. The most successful devices in the marketplace seem to be the fitness trackers and I have had great benefit from my fitbit, not least of all the inspiration for walking meetings. A fitness tracker is not a new idea (I joke that a fitbit is just a $100 pedometer), but the wearable devices today make tracking your fitness so much easier. No need to keep diaries of your activities, everything is there for you in a dashboard with all sorts of interesting analytics, goal setting, alerts etc.
The GoPro has similarities, it is a small personal camcorder with only memory, no tape and no screen for viewing, similar to the Flip camera which Cisco bought and then killed and many other cameras. However it takes action videos really well, with very little effort and is pretty much indestructible so you can take it anywhere. They produce professional quality video and photos including time lapse videos, fast frame rates for smooth slow motion and have an ultra wide field of view so you rarely miss any action. You can also attach them to your body, bike and other helmets, cars and of course surfboards. My model (Hero 3+ Black edition) has WiFi so I can control it from my iPhone or iPad and grab content from it easily, although that does drain the battery fast.
If you haven’t already seen it, you must check out the Time Lapse video I took with the GoPro of the Team USA Americas Cup yacht being installed at Oracle HQ. This was around 9,000 photos taken over 50+ hours compressed into a 2 minute video. I have also strapped it to my car to capture a journey down the highway 1, strapped it to the outside of my car, strapped it to a remote control car, strapped it to myself and my kids in a swimming pool, to my Son’s bike and to my daughter’s wheeled shoes. Now I am trying to think of some enterprise applications of this amazing device, watch this space.
I was reading a post from my colleague John Cartan this morning about his experience with the the Narrative Clip which is a smaller device, intended to be used for life logging. It is worn all the time and captures a picture every 30 seconds. The experience did not seem to be great, but I think a GoPro, altho a little bigger would be much better for this purpose. I could imagine wearing it all day at a conference say, or in a series of meetings, brainstorming sessions etc. it would give a really good replay of events. I will probably try some of this in the coming weeks, just to see how interesting it is.
Maker Faire is a popular event here in the San Francisco Bay Area, I’ve been going with my kids for several years now and all of us look forward to it every year. I describe it as everything from embroidery to fire breathing robots, anything you can make is there and everyone is passionate about making stuff and everyone enjoys sharing their passion.
However this year I was there as staff with the Apps Lab who were providing a DIY activity for the Java team who are a big supporter of Maker Faire, Jake explains in detail in his blog. My summary is we showed use of embedded java on a Raspberry Pis to control a variety of devices with input from other devices, for example I could use a motion sensor to turn on a fan, or send a tweet or send an SMS message. It was an interesting experience showing this off to people, explaining what we mean by the internet of things and seeing people’s reaction. There are a huge range of ages and types of people at Maker Fairs, so it was cool to see young and old alike enjoying making things happen. The most interesting thing to see first hand is how young children (as young as 4 or 5) can just figure out how to do things with minimal guidance and in fact seem to prefer to explore on their own, older people are much quicker to get help or listen to me explain rather than do it. I have no idea what this means, if anything, but it was interesting to me at least.
I was well organized this year; before I attended the conference I had downloaded the mobile App and started creating a conference agenda, I was a little bit disappointed that I had to manually add sessions I was presenting to my agenda, seems like a missing feature and it did not create the best first impression. However, I then found the mobile app really good, a lot of discussions, the ability to comment on sessions and all the good social features you would expect. When the conference got started the gamification they had added (a simple leader board of activity) helped to drive adoption and also caused some controversy, I’ll stay out of that but I would recommend reading Debra Lilley’s thoughts on it.
Throughout the week many people were talking about how several sessions they wanted to attend seemed to be scheduled at the same time. My first thought about this was that they were just making a polite excuse for not attending some of my sessions, but then I did observe the same thing myself. It is hard having to choose between two or often three very interesting and useful sessions which are on at the same time, it is also tough when attendance at some sessions is lower than they deserve. However, as I thought more about it, I feel it should be seen as a positive that the quality of the sessions and the presenters was very high.
My session on Fusion Accounting Hub and GLobal Charts of Accounts and Consolidation was on Monday and I had a decent crowd, got through a lot of material and had some really good questions (and I hope the answers were good). I mentioned on my blog that FAH was the talk of the town based on the number of sessions that were covering it, I certainly spent lots of time discussing it with people over the course of the conference. We had a good GL SIG group meeting, I did a few minutes about the management segment and Data Access Sets in EBusiness Suite GL Release 12. I was surprised that more people were not aware of this very useful feature, maybe I should blog about it (he says, adding it to a long to do list). My third session was co-presented with Sangeeta Sameer from GE, I have asked Sangeeta to write a guest blog post introducing it, sharing the paper and announcing a webinar repeat of it – watch this space.
Exciting that all the things were, probably the part I enjoyed most was talking to so many people who had implemented or were implementing Cloud ERP Apps. I had a chance to hear the positive comments and excitement that customers and partners had, but equally chat about where the y had suggestions for improvements. We have a lot of very experienced, motivated and very smart partners out there and I enjoy every minute talking with them and learning from them, hopefully helping them out with a few tips too.
So next up for me is Open World, I did not make KScope this year, but one day I would like to go there, but for my particular field Collaborate is a must conference and if you have never been I would highly recommend you consider it next year, I will certainly be submitting a paper.
On Friday I realized the America’s Cup yacht was going to be installed at Oracle HQ over the weekend so I went home and got my GoPro camera and set it up to take a picture every 30 seconds. For some reason it shut off on Saturday morning, when the helicopter brought the hull over the building, but I still think the footage came out pretty well. Take a look and let me know what you think in the comments below.
(Pro Tip: It’s worth popping out the embedded video and going fullscreen to get the full effect)
UPDATE: Check out this post for a time lapse video of the boat being installed over the weekend.
On May 20th 2008, I arrived at work and was surprised to see an Americas cup yacht as I looked out from my office window and posted pictures to this blog. This weekend, almost 6 years later to the day, we had a new boat arrive to live on the lake and this time I was ready because preparations have been going on for a while. I popped into the office on Saturday to see how it was looking and it was looking, well it was looking very big. These multi hulled machines are amazing pieces engineering and seeing one so close is pretty cool. Take a look below at the old boat and the new one viewed from the same office and you will get an idea of the difference in size. More pictures to come soon…
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
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.
- David Haimes, Oracle
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.
- Miller, Kim, Oracle Corp.
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.
- Alyssa Johnson, ROLTA
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.
- Morcos, Amira, Oracle Corp.
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.
- Shince Francis, ROLTA
- Aparna Lingi, Rolta
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
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.