‘Flexible and Extensible’ is one of the key differentiator for Oracle in Enterprise Applications market space. Despite providing rich out-of-the box functionality and edge products, Oracle also offers variety of tools and methods to personalize or customize the vanilla solution to meet the industry specific unique business requirements
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Go Lean: Minimize customizations and reduce overall TCO in Oracle ERP implementation (Part 1)
To realize the early benefits and ROI from an ERP implementation, it is important that the end users actually adopt the system and use it effectively from Day One of go-live. However, User Adoption has been a sore point for enterprises, where a recent survey indicated that it is the top concern for failed ERP implementations. Some of the key reasons causing User Adoption issues are: Most of the ERP programs are large business driven process transformation initiatives , which have an impact, direct or indirect, on the entire end user community
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Still waters run deep – Poor User Adoption may cost you your ERP Implementation..
Today, the New York Times featured a Reuters Breakingviews article entitled, “Rating Agencies are Overrated” that discussed a troubling discovery amongst Rating agencies, how they have failed and why they have been given so much credence. The article even went on to say, “It is high time regulators and investors dethroned them from their privileged status.” This article falls in line with a post earlier this week on our TRE Capital Matters Blog that discussed the impact of financial regulatory reform as it relates to the receivables finance industry. In particular, it broadly highlights current issues with rating agencies and suggests the necessity for hard regulatory reform in order to enable these rating agencies to once again stand alone, unbiased and not easily influenced by large institutional issuers who might have their own agenda.
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Blunders by Rating Agencies Has Reuters and TRE Singing the Same Tune
As many of you know, I am usually an optimist. Mostly because I believe that America is the most innovative country in the World and that at some point or another we will work our way out of the hole we currently find ourselves in, just like we have since 1776. But I’m getting nervous – nervous in that 2006 way.
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Here Comes the Rain Again (or is it just a passing shower?)
Financial Regulation is just around the corner, as we try to recover from a near financial collapse one thing is clear that regulation will be become tighter. This is quite similar to the efforts around accouting standards after the collapse of Enron, Worldcom, Tyco and other firms
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Oracle GRC : Is this what we have been waiting for?
In today’s competitive marketplace, companies need to quickly adapt and evolve to changing business needs. Therefore, to build, deploy, and sell more complete solutions we can now leverage Oracle Application Integration Architecture (AIA)
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Accelerate delivery of composite business processes with the best Integration Architecture
The effect of financial regulatory reform on the receivables finance industry will likely be within the securitization market – specifically reform related to credit default swaps and collateralized debt obligations (CDOs). Amidst this financial regulatory overhaul and its push to stamp out reckless behavior, regulators run the risk of creating unintended consequences and potentially causing further damage to the credit markets. The securitization market plays an important role in the financial system
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Financial Regulatory Reform’s Impact on Receivables Finance
Globalization has become inevitable in the current economic scenario. Banks need to expand their horizons and establish footprints in multiple geographies to cope up with the changes in the market and retain a competitive edge.
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Emerging trends in ERP for Banking Industry – Establish an Accounting Centre of Excellence with Oracle R12
Aretha Franklin once said “I think the hardest thing is losing invoices . That’s the hardest thing more than anything else.” * Aretha Franklin is an outstanding performer. Any chance she gets, she steps up and executes a perfect performance.
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The Truth about Losing Invoices, According to Aretha Franklin
Once again earnings season is upon us, with two notable trends occurring amongst publically traded banks: 1) The loan loss reserve levels are beginning to swing. Amidst the credit crisis, banks took on massive increases in reserve amounts against their loan books to insulate for potential losses.
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Banks Improve Bottom Line; Small Business Waits…and Waits
With ever increasing frauds being detected, a Governance, Risk and Compliance solution is no more a nice to have but an absolute necessity to address the challenges. Companies are now realizing the benefits of an investment which has the potential to yield phenomenal gains in the long run.
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Governance, Risk and Compliance: Are You Ready?
A recent article by The Economist magazine discusses small business financing and the challenges smaller firms are having accessing affordable capital. The author covers how many larger firms are finding the credit market slightly loosening, even if at a painfully slow pace.
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How SMBs Can Avoid The Double Credit Crunch
FileBound e-now Introduction FileBound e-now is a hosted solution that allows you to convert your paper invoices to e-invoices with the click of a mouse and pass the invoice data into your accounting system.
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FileBound e-now Introduction Webinars
According to a 2009 survey conducted by the Accounts Payable Network, the average cost of processing an invoice for companies with less than 500 employees is $8.88, whereas companies in the largest category of 10,000 + employees reported a cost of $3.06. Also, the study reported that frontend scanning and automated workflow were implemented by only 22% of organizations with less than 500 employees, yet by over 60% of those in the largest category. The results of this survey demonstrate a clear reduction in cost when these automation solutions are implemented.
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Enterprise Invoice Processing For the Masses
Technology is a powerful driver for economic growth from two perspectives. First, as Tom Peters observed it “allows organizations to create business models in ways never dreamed of in earlier times.” Examples of this include electronic commerce (the fastest growing retail segment), virtual corporations and cross-continental project collaboration. These business models could not exist without the use of computer technology. In addition, they replaced business models that were more costly and less productive. Beyond creating new business models, technology has fostered the ability of organizations to be faster, better and cheaper in everything they do. Financial management was an early adopter of computer technology and large gains in productivity were quickly realized. Big accounting staffs postings large amounts of transactions were replaced by computers. Not only is the work performed more efficiently but with greater accuracy. Despite these advances some areas of finance remain very much rooted in manual processes. Accounts Payable is a prime example where despite the technical ability to exchange information electronically, 78% of all invoices are paper based. AP staffs transform the information from the paper into computers for processing and payment. This process requires significant labor and is error prone. The irony is that almost all of these paper invoices were first created in a computer and then transformed to paper
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Tomorrow’s Promise of e-Invoicing is Delivered Today for a Quarter
Early Wynn once said “I don’t like losing a ballgame any more than an accountant likes losing an invoice” Not really, here’s what he really said: “I don’t like losing a ballgame any more than a salesman likes losing a sale.” -Early Wynn Early Wynn was an outstanding pitcher, feared by every batter in the Major Leagues. His presence was known when he walked on the field
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The Truth about Losing Invoices, According to Early Wynn
Joe Paterno once said “Losing a game is heartbreaking. Losing your invoices is a tragedy” Not really, here’s what he really said: “Losing a game is heartbreaking. Losing your sense of excellence or worth is a tragedy.
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The Truth about Losing Invoices, According to Joe Paterno
There has been considerable discussion as to whether the dearth of small business lending is attributable to lack of supply or demand. Morgan Stanley addresses this question in its recent B2B Finance report as have many news outlets and congressional leaders. As a result of it’s analysis, Morgan Stanley recommends The Receivables Exchange as one of three viable options for small and midsize businesses to turn to to optimize working capital and gain access to affordable capital.
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Drop in small business lending – lack of supply or demand?
We are looking for an energetic person who enjoys multitasking in a very busy environment. The right candidate would have at least 3 years of purchasing experience and some accounts payable experience. Manages purchasing to ensure the timely and accurate processing of vendor invoices and payments.
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Purchasing / AP Coordinator – Channelview – 40 t 45K
Having managed fairly large implementation projects from offshore namely among them being for a Banking Major & Global power leader , I would like to list down the critical success factors and the key points that we should not lose sight of . Effort estimation of a project should drive the schedule and Go Live date Solution Acceptance PMO governance Tighter control and tracking process Data Migration Infrastructure Planning Performance/Stress Testing Cut Over End User Adoption Risk & Readiness Assessment Stakeholder Management & Responsibility Definition