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

Oracle E-Business Suite 12.2

Posted on September 27th, 2013 by Sanjit Anand ||Email This Post Email This Post

Oracle has released E-Business Suite Release 12.2 on 19-Sept.

Key Highlights for R12.2

  • Significant enhancements across an integrated suite of business applications and new Online Patching capabilities .
    • Some of the Key Benefits of Online Patching are:
      • Easier to negotiate downtime with lines of business as minimal downtime is required (minutes vs. hours)
      • Easier to identify potential brief downtime windows, allowing for greater opportunities for patching during the work day
      • Applications stay online during patch application
      • Critical business operations are not impacted
    • This helps Oracle EBS 12.2 enables organizations to reduce planned maintenance times, make better decisions, reduce costs and increase performance.
    • Procurement and supply chain management professionals may benefit from Online Patching – a function aimed at support organizations with high-availability requirements. It is intended to reduce patching and maintenance downtimes.

  • In addition, Oracle E-Business Suite 12.2 leverages Oracle’s integrated technology stack, Oracle Fusion Middleware, to help drive efficiencies and improve the availability, performance and scalability of applications.

On technical side, Release 12.2 will replace Oracle Containers for Java (OC4J) 10g with WebLogic Server 11g and Database Tier will run RDBMS 11gR2 (or 11gR3 when available and certified) to support Online Patching

New Terminology you might came across in R12.2 is

  • AD Online Patching (ADOP)
  • Edition-Based Redefinition (EBR)

You can check it out the Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Documents [ID 1302189.1]

Ref : Oracle press release

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Introduction :Oracle Hyperion Tax Provision

Posted on September 23rd, 2013 by Sanjit Anand ||Email This Post Email This Post

Until now, there was no easy way to integrate the tax provision with the financial consolidation. But, this all changes with the introduction of Hyperion Tax Provision. Hyperion Tax Provision represents the first in a series of products to better integrate tax reporting into the broader financial reporting process.

An integrated system for the Tax & Finance close means that you are leveraging your exiting investment & reducing risk – Hyperion Tax Provision leverages your existing investment in HFM and the Financial Close Suite by using the same tools for data collection, consolidation, and reporting to bring you an integrated Tax Provision solution.

arrow Hyperion Tax Provision is a comprehensive solution for the global consolidated tax provision.

This includes:

  • Data Collection:
    • Automated – any data that can be sourced from HFM, the general ledger, or sub-ledgers can be automatically available to the tax provision
    • Manual – The solutions includes a suite of web forms to collect tax provision details (incl. Current Tax, Temporary Difference Rollforward, tax losses & credits,etc)
  • Tax Provision Calculation:
    • Addressing both IFRS and US GAAP
    • Federal, State/Provincial, & International
  • Tax Reporting
    • Suite of out-of-box tax reports (incl. Current Tax, Deferred Tax, Effective Tax Rate Reconciliation, etc)
    • This also includes the same great reporting tools used by finance (such as Smart View & Financial Reporting)

arrowHFM & HTP Solutions – Architecture

Here is HFM & HTP solutioning Architecture .

HTP Solution

arrowMajor Key Benefits for HFM Customers

  • Increased Automation & Efficiencies:
    • Leverage the same data assurance process
    • Use the same chart of accounts & legal entity hierarchie
    • As much as 70% of the Tax Provision can be automated
  • Stronger Internal Controls
    • Closer alignment with the finance data & process
  • End to end auditable process
    • Improved Analysis & Reporting: resulting in better risk analysis and tax planning
    • Excel, Web Reports and Drill-through to G/L

In Nutshell the use of HFM for tax provision ensures that the Tax & Accounting Close are coordinated & efficient.

Bringing finance and tax together results in unparalleled Transparency & Reporting. The same reporting tools that you already use for financial reporting are now available for analysis of the Tax Provision.

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What Is Oracle Instantis?

Posted on September 21st, 2013 by Sanjit Anand ||Email This Post Email This Post

Oracle’s Instantis EnterpriseTrack is the leading, cloud-optimized enterprise project portfolio management (PPM) software used by IT and project
management offices (PMOs) to improve strategy execution and financial performance through better work and resource management. It provides an
end-to-end solution for managing, tracking, and reporting on enterprise strategies, processes, projects, programs, portfolios, products, resources, costs,
and benefits. Unlike competitive alternatives, Instantis EnterpriseTrack is easy to deploy quickly, easy to use and administer, and easy to afford.

Even before Gartner had a magic quadrant for cloud-based PPM products, Instantis was ranked the highest with a “strong positive” in 2011.

To follow, in both 2012 and 2013 Oracle Instantis has appeared in the leadership quadrant so consistently strong rankings for years now.This is the most recent quadrant from Gartner put out in May of this year.

The ORACLE-INSTANTIS-ENTERPRISETRACK system empowers IT and PPM/PMO leaders with the ability to:

  • Plan and execute multiple project portfolio types centrally
  • Manage demand and resource utilization across IT and other project portfolio types; and
  • Monitor, report and analyze project portfolio activity, status, and results metrics

More details can be obtained at here

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Introduction : Oracle Supply Chain Event Management

Posted on September 10th, 2013 by Sanjit Anand ||Email This Post Email This Post

Supply Chain Event Management (SCEM) is defined as an application supporting control processes for managing events within and between companies in real-time.

This integrated software functionality supports five major business processes including the ability to monitor what is happening within the supply chain, notify the right person in case of a delay or critical event, simulate activities, control your processes and measure your supply chain activities so that you can adapt your business process and make it more effective and efficient. In the graphic you see which core services exist in a SCEM system.

Through these services it is possible to receives updates to events and provides proactive alerts and responses to events throughout the supply chain.

You can take advantage of SCEM to support business in

  • Monitoring and Tracking our Supply
  • Sharing supply data globally
  • Notifying the right persons at the right time when an exception occurs.
  • Enabling event reporting

1Capabilities of SCEM Application

Helps monitor and track end-to-end business transactions in the Supply Chain by providing a unified view of the business transactions spread across heterogeneous systems.

  • Ability to monitor various notable events of a logical end to end transaction in multi-tiered supply chain including activities carried out by the supplier, carriers, to provide visibility beyond your department, beyond your company, to detect an exception and potentially automatically trigger a remedial action.
  • Ability to correlate various notable events in multi-tiered supply chain and raise alert for action if delay or non-occurrence of one notable event impacts future activities of the same or other multiple transactions.
  • Ability to view real-time auto-refreshed BAM dashboard showing progress and exceptions in color coded display of logical end to end transactions covering all notable events from begin to end throughout the supply chain.
  • Ability to trigger email notification based on actionable exception to the transaction occurring in-house processing or during the vendor side processing.
  • Allows real time detection and monitoring of business situations and exceptions from huge volumes of event data coming out of numerous sensors and systems, making it ideal for operation managers to quickly respond and take corrective actions.
  • Ability to subscribe to an external event streams such as traffic alerts, Sensors, RSS feeds, RFID feeds , synthesize and correlate that massive date with state of the transaction in the system to arrive at potential exception or an action.
  • Ability to identify trends and raise an actionable alert.
  • Ability to filter out routinely progressing events automatically, and focus only on exceptions thereby improving efficiency of Logistics staff.
  • Provides flexibility in modifying Alerts on a live production system without re-generation or re-deployment of the artifacts. Ability to declaratively change the recipient of the alerts/ notification

1Oracle BAM Dashboard tracks end-to-end Field Service process too:

  • My Oracle Support for issue capture
  • E-Business Suite for Field Service & Spares
  • Global Trade Management for export compliance
  • DHL to track part shipping logistics

1 SCEM architecture

Oracle Supply Chain Event Management (SCEM) architecture components are as follows

  • External Event Sources like B2B messages, Enterprise Event Sources like EBS, Fusion and other Enterprise Applications act as input sources.
  • Events relevant to the business process are defined in the Situation template, which are then processed in the mid tier by Oracle Event Processor (OEP).
  • Event Routers pick up the relevant events and get the payload associated with the events from the input systems and form the Logical Transaction Object which is cached using Coherence.
  • The Situation Processor, or the CEP component, applies the business rules to the stream of events and evaluates them e.g pattern matching, aggregation etc., and arrives at the situation to be monitored which has critical business impact.
  • The output (response) of the Situation Processor is sent to the Visualization layers such as BAM dashboards or mobile devices along with alerts and notifications

The current SCEM implementation uses the following Oracle components and technologies from Oracle Fusion Middleware (FWM):

  1. E-Business Suite R12.1.3+ (Business event source)
  2. Oracle Fusion Middleware 11g, ( PS5
    • Oracle Service-Oriented Architecture (SOA) 11g [SOA composites]
    • Oracle Event Processor (OEP) 11g [Processing events/logic]
    • Oracle Business Activity Monitor (BAM) [Optional: Presentation layer]
    • Oracle Coherence [Caching infrastructure]
    • Oracle TopLink [Persistence Modeling]
  3. Client technologies
    • Oracle JDeveloper 11g (PS5) [SCEM Designer – Design Time, customizations]
    • Eclipse IDE (Galileo) [Customizations – optional]

For more information on Oracle Supply Chain Event Management, check the details

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Credit Managment :Release 12.2 enhanced functionality

Posted on September 4th, 2013 by Sanjit Anand ||Email This Post Email This Post

Two Major Enhancement in Credit Management in R12.2

  1. Credit Tolerance Limits
    Tolerance limits Field In credit check rule setup. This provided functionality to define credit tolerance limits to prevent credit check holds from getting reapplied on orders that were previously released from credit check hold. Changes in order amounts are compared to tolerance limits, as defined in the credit check rule. Reapplication of credit check hold is prevented if the change in order amount is within the specified tolerance limit
  2. Credit Hold Based on Bill To Customer
    A new system parameter “Apply Credit Hold Based On“¨ has been added. Options are:
    • Sold To Customer
    • Header Level Bill To Customer
    • Line Level Bill To Customer

This allows the customers to place orders on credit hold if the Bill To Customer is on credit hold. Additionally, customers can decide to place the Order on credit hold based on the header level Bill To Customer, or Order line on credit hold based on the line level Bill To Customer.

This new feature is extension of existing capability of placing orders on credit hold if the Sold To Customer is on credit hold ‘Sold To Customer is the default value and maintains existing behavior.

You can refer to RCD for more insights.

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