Co Author : Payal Kapoor(firstname.lastname@example.org)
In previous part we discussed the recently launched tool FDMEE (Financial Data Quality Management, Enterprise Edition) that was introduced in the EPM release, 22.214.171.124.
In this part we are going to cover some great mapping features introduced in FDMEE that were not available in its predecessor FDM.
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.
Increasing number of life sciences application users are shifting to mobile devices, as they need precise, updated, personalized and easily accessible information for doing their day-to-day work. As part of its offerings for the life sciences industry vertical, Oracle provides a rich suite of products ranging from eClinical applications, Operational Planning, Tracking and Management solutions to Clinical data ware housing and Pharma co-vigilance applications. With very few of them available on mobile devices, most of these applications are desktop applications having point-to-point integrations amongst them.
In the digital age, not a single day passes by without checking some social platform or the other; for professional growth or personal needs or just for information exchange. Social networks have increased the speed of communication and extended the reach of an individual. Social network have brought in vast pools of knowledge to the disposal of individuals by exchange of ideas & experiences.