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 Get a Free Magzine ...Profit:The Executive's Guide to Oracle Applications

8 Core Beliefs of extraordinary bosses

Posted on April 26th, 2012 by Sanjit Anand |Print This Post Print This Post |Email This Post Email This Post

There are many kinds of bosses. Nice bosses, nasty bosses, power-hungry bosses, placid bosses, insecure bosses and so the list goes on. So what kind of boss are you? Does your boss fits the description?

Great article written by Geoffrey James on 8 Core Beliefs of Extraordinary Bosses, from article in Inc Magazine:

  1. Business is an ecosystem, not a battlefield.
  2. A company is a community, not a machine.
  3. Management is service, not control.
  4. My employees are my peers, not my children.
  5. Motivation comes from vision, not from fear.
  6. Change equals growth, not pain.
  7. Technology offers empowerment, not automation.
  8. Work should be fun, not mere toil.

In Nutshell, The best managers have a fundamentally different understanding of workplace, company, and team dynamics.

What other additional characteristics would you add to this list?

Posted in Oracle Application | No Comments »

Oracle Business Intelligence (BI) Applications & Oracle Financial Analytics

Posted on April 25th, 2012 by Sanjit Anand |Print This Post Print This Post |Email This Post Email This Post

Oracle BI Applications are complete, pre-built BI solutions that deliver intuitive, role-based intelligence for everyone in an organization—from front line employees to senior management—that enable better decisions, actions, and business processes.

This is based on best practices, these solutions enable organizations to gain greater insight and value from a range of data sources and applications including Oracle E-Business Suite, PeopleSoft, Siebel, and third party systems such as SAP.

Oracle BI Applications are built on the Oracle BI Suite Enterprise Edition, a comprehensive, innovative, and leading BI platform.

This enables organizations to realize the value of a packaged BI Application, such as rapid deployment, lower TCO, and built-in best practices, while also being able to easily extend those solutions to meet their specific needs, or build completely custom BI applications – all on one common BI foundation.

Oracle BI Applications are tightly integrated with E-Business Suite releases and support EBusiness Suite SSO (Single Sign On) and security at the user, object and data layers.

The good thing is , Oracle BI Applications leverage E-Business Suite Flexfields with pre-built "Action Links" allowing Oracle BI Apps users to securely access appropriate content and drill to transactional details within E-Business Suite applications.

Whereas, Oracle Financial Analytics, part of the Oracle BI Applications family, provides organizations with better visibility into the factors that drive revenues, costs, and
shareholder value and delivers robust financial information across the company value chain to enhance customer, supplier, and workforce analysis.

The good thing is , Oracle Financial Analytics provides hundreds of financial metrics, alerts, reports, and dashboards to provide financial professionals from executives
to department managers with timely information on costs and revenue at levels of detail such as by product, geography, region, and customer.

This allows managers to fine-tune strategy and improve performance without having to wait days or even weeks for specific reports to be run. With Oracle BI Applications, E-Business Suite users obtain the right information at the right time, so that corrective actions can be taken before issues escalate.

Financial Analytics integrates with Oracle E-Business Suite (EBS), Peoplesoft, JD Edwards, and SAP, which allows companies to implement the technology, filled with years of research and best practices, quickly and with a LOT less risk.

CFOs, Controllers, Accounting Managers, Finance Analysts, Department Heads, Payables and Receivables Managers, Payables & Receivables Analysts, Project Managers, Project Accountants, are mostly benifited with Financial Analytics.

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Oracle Service Procurement

Posted on April 11th, 2012 by Sanjit Anand |Print This Post Print This Post |Email This Post Email This Post

Oracle Service Procurement simplifies contract management and provides a centralized repository for entitlement information.

Rapidly create, manage, and update service contracts, warranties, and extended warranties on sales of goods or services. Then provide service based on real-time entitlement data. As a result, you minimize contract leakage, increase recurring revenues, and provide targeted services while reducing operational costs.

  • Automate Contract Creation
  • Automatically create and update warranties that are included in bills of materials
  • Create Unique and Complex Contracts Quickly.
  • Leverage templates for default coverage terms and other contractual attributes. Ensure contracts or groups of contracts pass pre-defined validation with built-in QA feature.
  • Integrate with Oracle Advanced Pricing.
  • Retrieve accurate prices of services or usage. Apply volume discounts.
  • Create Real-time Repository of Entitlement Information.
  • Ensure service levels while preventing contract leakage by creating a single database of entitlement information that can be shared across your service organization.
  • Manage Renewals Proactively.
  • Automatically inform customers and/or agents of pending contract expiration

Service Procurement need a separate license

iProcurement and Oracle Purchasing are both mandatory for Services Procurement

Beacuse Oracle Services Procurement Integration require Oracle iProcurement which plays a major role in Oracle Services Procurement when requisitioning temporary labor. Oracle iProcurement can also be fully utilized in requisitioning services through Oracle Services Procurement.

If you have licensed and implemented Oracle Services Procurement, then there is additional setup that you can perform in Oracle iProcurement to requisition services and temporary labor.

Reference

You can check Oracle Data sheet for Oracle Service Procurement

Posted in Oracle Purchasing | No Comments »

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