Infosys’ blog on industry solutions, trends, business process transformation and global implementation in Oracle.

March 5, 2015

Manage Projects by Exception Using Fusion Project Portfolio Management

For an organization to remain competitive it is essential that the right portfolio of projects is selected which would ensure current and future profitability. Projects are selected based on the fitment with the strategic goals of the enterprise. During the initial stages of the project, the project manager's key responsibility is to prepare and present the business case to showcase the projects fitment against the long term strategy of the organization. Only after approval from the key stakeholders the project is selected for execution in the organization.

However, during execution of the project often the project team decides to monitor progress using a new set of parameters like margin percentage, revenue, and Schedule Variance, Cost Variance and quality standards.  The link is lost with the organization strategic objectives the very reason project was selected. The best practices in project management suggest a uniform set of parameters during the entire project life cycle from Project Initiation to Project Closure.

Fusion Project Portfolio Management bridges this gap and provides the corporate, portfolio and project manager with a dashboard to monitor the portfolio progress on a real time basis based on uniform set of parameters across the organization - Key Performance Indicators (KPI's). The dashboard provides a snapshot of projects which are On Track, At Risk and Critical. The portfolio managers can immediately focus their attention on projects which are at Risk and Critical thus enabling them to manage projects by exception.

For example, a KPI can be defined that non-billable costs should be less than 10 percent of the overall project cost. The user will be able to immediately identify the projects in the dashboard which do meet the criteria and for a detailed analysis can drill down to the project transactions to analyze the reason. The applications come with embedded analytics that would help the user to identify the potential reasons. In this scenario it might be possible that the field users on the projects have not submitted the timecards for last week and once the timecards are submitted the project will be back on track. The project manager's observations can be captured as a note which can be viewed by all the stakeholders.

Projects are no longer managed and executed in silos. To ensure profitability and sustainability of organization, portfolios needs to be managed dynamically and PMO should be able to derive reports and trend indicators with a click on button in the modern application. Fusion PPM also helps the portfolio managers to suggest corrective action to bring the non-conforming projects back on track and make a rationale decision to terminate projects based on current and historical KPI's.

February 20, 2015

Latest & Greatest FDMEE 11.1.2.4

Continue reading " Latest & Greatest FDMEE 11.1.2.4 " »

February 16, 2015

Oracle CRM on Demand: Future, Roadmap and Strategy

 

Oracle CRM on Demand which was previously known as 'Siebel on Demand' has evolved long way from its acquisition by Oracle in 2006.  Oracle CRM on Demand is a hosted SaaS (software as a service) application which provides deep Sales Force Automation functionalities with strong analytics along with Customer Service, Marketing and Contact Management functionalities.  Oracle CRM on Demand is continuously evolved from Release 10 in 2006 to Release 27 in 2014. Initially after acquisition there was no major innovation pack for around 2 year however from Release 16 onwards Oracle has delivered Oracle CRM on Demand release in every 4 months [1]. Oracle CRM on Demand is now much more refined product and provides latest usability, mobility and extensibility solution.

Continue reading " Oracle CRM on Demand: Future, Roadmap and Strategy " »

February 3, 2015

Disappearing Sales Process & Emergence of Marketing Automation

According to research conducted by CEB marketing leadership council in partnership with google, around 57% of the sales process or due diligence process is over before a prospect ever talks to sales person.  The classic sales process of engaging a customer, qualifying the customer, creating opportunity, making a proposal, closing sale and following up, is fast changing. The customers are changing the ground rules. With advent of social media, smartphones, apps, mobility etc., there is a demographic of customers who are swaying away from the traditional sales process.

Continue reading " Disappearing Sales Process & Emergence of Marketing Automation " »

January 28, 2015

Oracle Customer Experience Applications- The SI dilemma - What should one recommend?

Since Oracle Open World 2014, Oracle has been focusing on its Customer experience suite of applications which span across all customer touchpoints and cover all the pillars of CRM.

Oracle is proposing an integrated Customer experience(CX) on the cloud where all these modules are loosely coupled to allow flow of important information across the various applications. So clients would have an option to deploy specific modules to tackle certain business problems or use an integrated suite.  These applications are hosted on Oracle's extensible cloud platform and are available in the Application-as-a-Service mode.

Continue reading " Oracle Customer Experience Applications- The SI dilemma - What should one recommend? " »

January 23, 2015

FDMEE : Patch 510(11.1.2.3.510)

In previous part we discussed the different integration tool and their comparison with FDMEE. In this blog we will discuss the functionalities that were added as part of PSU510 for FDMEE. Also, we will discuss the bugs that have been fixed and the functionalities that are still missing.

Continue reading " FDMEE : Patch 510(11.1.2.3.510) " »

January 14, 2015

Hyperion Data Integration Tools - A Comparison

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January 13, 2015

The new improved Multi-Load functionality in FDMEE

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December 3, 2014

FDMEE - The future of Hyperion Integrations

Part 2

Mappings Redefined

Co Author : Payal Kapoor(payal_kapoor@infosys.com)

In previous part we discussed the recently launched tool FDMEE (Financial Data Quality Management, Enterprise Edition) that was introduced in the EPM release, 11.1.2.3.

In this part we are going to cover some great mapping features introduced in FDMEE that were not available in its predecessor FDM. 

 

 

Continue reading " FDMEE - The future of Hyperion Integrations " »

October 16, 2014

Oracle Financial Accounting Hub in Banking Industry

 

Guest Blog by Ashish Gupta  Principal Consultant FSORC

 

Oracle Financial Accounting Hub (FAH) is the latest buzzword in FSI Industry, especially in the Banking sector. Most of the banks, across geographies, are looking to replace their traditionally old accounting engines and are looking at Oracle FAH for the same. The banking industry is constantly evolving due to intense competition and increasing complexity of business; adapting to latest technologies is a must for survival.

 

FAH is an accounting platform that integrates with product systems to create accounting journals in general ledgers (e.g. Fusion, E-Business Suite, PeopleSoft etc.). FAH standardizes accounting from various external applications and meets accounting standards and principles. FAH acts as a central repository of accounting rules for non-oracle sub-ledgers. Accounting journals are created with transparent rules, validated and stored in auditable format and in a single location. FAH increases the internal controls, makes reconciliations with product systems more efficient and meets diverse accounting requirements. This rules engine will convert transaction information from external applications to create precise, thorough and auditable accounting entries to meet Statutory Compliances, Accounting Principles and Management reporting needs.

Continue reading " Oracle Financial Accounting Hub in Banking Industry " »

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