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How to leverage Fusion Financials (New Implementation vs. Coexistence)
August 14, 2014
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Performance. Growth. Excellence.
• Global Reach, Broad Service Profile
• Founded in 2002, 600+ employees
• US, Europe, India, Middle East
• Service Offerings: Applications, CRM, Analytics, EPM, Cloud, Middleware, Application Development, App & Infrastructure Managed Services
• Significant Investment in R&D
• Cloud (IaaS, PaaS, SaaS)
• Business Process & System Integration
• Analytics & Big Data
• Strategic Partnerships, Certifications, Credentials
• Oracle Platinum Partner, Oracle Specialized Across Our Portfolio of Services
• AWS Advanced Consulting Partner, Certified Managed Services Provider
• Microsoft Certified
• CMMI Level 3 & SSAE 16
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Connect With Us
• Web: www.appsassociates.com
• Email: [email protected]
• YouTube: www.youtube.com/user/AppsAssociates
• LinkedIn: www.us.linkedin.com/company/apps-associates
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Eric Deering, Principal Consultant
• 18 Years Business Systems Consulting
• Focused on Financials and Procure to Pay Processes and Technologies
• Over 25 full lifecycle implementations of Financials systems
• Fusion Certification
• Specialties
₋ Financials
₋ Procurement
₋ Integration
₋ Data Quality
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Agenda
• Applications Roadmap and Strategy
• Fusion Co-Existence
• New Features in Fusion Financials
• AP Invoice Scan
• Mobile Expenses
• Period Close
• Ad Hoc Query and Analysis
• Fusion Accounting Hub
• Migrating from Your Current Financial Platform
• Q&A
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Fusion Accounting Hub Accounting and integration platform
Audit & Analyze
• Capture transaction and reference information for accounting treatment
Transfer & Post
Integrated Data and Centralized Accounting
Create Accounting Rules
Capture Accounting Events
• Centralized and configurable rules
• Flexible multi-GAAP support
• Generate detailed accounting entries in Fusion Accounting Hub
• Drilldown from balances to detailed accounting journals
External Systems
EBS GL JDE GL PSFT GL Fusion GL
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Fusion Accounting Hub Financial Reporting and Analysis Platform
Enterprise Performance Management
Financial Consolidation, Planning & Budgeting
E-Business Suite General Ledger
Chart of Accounts mapping and synchronization
Dashboards Reporting & Analytics Spreadsheet Integration Simplified Setup
Balances Drilldown
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Accounting Integration
E-Business Suite General Ledger
Chart of Accounts mapping and synchronization Balances Drilldown
• Productized, low impact integration between the E-Business Suite GL and the Fusion Accounting Hub
• Load E-Business Suite General Ledger balances from R12+ EBS GL to the Fusion Accounting Hub.
• Drilldown from the Fusion Accounting Hub to EBS balances and ultimately to journals / subledger transactions
• Continue to use EBS Subledgers and the EBS GL with added value from Fusion Accounting Hub capabilities
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Period Close Accounting Period Fusion Enhancements
Centralized Close Status Monitor
• Gain visibility of the close status across subledgers and ledgers
• Enforce close deadlines by centrally managing the close status across multiple ledgers and subledgers
Reconciliation Reports
• Close your books faster with automatic matching of AP and AR subledger transactions to accounting entries
• Quickly identify and resolve discrepancies with direct drill downs to supporting journals and subledger details
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Upgrade or Migrate?
• No Upgrade Path from EBS / Siebel / Financials OnDemand / PSFT
• Migration Scripts
• Reliance on Partner Community to Provide
• License Transfers
• Some Deals for Migrating to New Products from Old
• Support
• Legacy products in EBS / PSFT will be supported on latest versions
• New net functionality is minimized for these products
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Complete Choice Choose Your Next Steps
Continue on Your Current Path • Upgrade to the latest release
of your existing Oracle Applications portfolio
Adopt a Co-Existence Strategy • Add new Fusion Applications modules or pillars
to your existing Oracle Applications portfolio
Embrace the Complete Suite • Deploy the comprehensive suite of
Fusion Applications products
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The New Standard for Adoption Choice of Adoption Scenarios
#1: Current Customer
No plans to adopt Fusion Applications at this time.
#2: Current Customer
Adopt Fusion Apps alongside existing Oracle apps with no interoperability.
#3: Current Customer
Adopt Fusion Apps alongside existing Oracle apps with loose interoperability.
#4: Current Customer
Adopt Fusion Apps alongside existing Oracle apps with tight interoperability.
#5: Current Customer
Replace existing Oracle apps with Fusion Applications pillar or suite.
#6: New Customer
Replace 3rd party apps by adopting Fusion Apps pillar or suite.
Existing Apps Co-Existence Fusion Apps
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New Implementation vs. Co-Existence
• There is value in each approach depending upon:
• Does your current Financial systems meet your company’s business requirements for the future?
• How happy are you with your current Financial configuration (i.e. a chance to start over vs. adopting specific Fusion benefits)?
• What are your current operational constraints (i.e. resources, money, time) and your overall corporate priorities?
• Which Business Areas would be impacted and to what degree?
• What implementation project size and scope are you comfortable?
• What new Fusion Features and Functionality are must haves for our company?
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Adoption Strategies Co-Existence Strategy Protects Your Investment
Financials
Supply Chain Management
Human Capital Management
Project Portfolio Management
Procurement
Financial Management
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Siebel Financials
Hyperion Fusion GRC Fusion Accounting Hub
Fusion Shared-Service Procurement
Fusion Talent Management
Fusion Incentive Compensation
Primavera
Fusion Incentive Compensation
Fusion Sales Planning RightNow Eloqua
Fusion Distributed Order Orchestration
Agile PLM VCP Transportation
Management Warehouse Management
Fusion Project Portfolio Management