This document discusses tips for effectively moving to a shared services center. It begins with learning objectives around understanding shared service center operations and lessons learned. The agenda then covers an introduction to shared services centers, how they operate, common challenges, critical success factors, and a roadmap for implementation. Case studies are also discussed. Moving to a shared services center can help standardize processes, reduce costs through economies of scale, and improve controls. The document provides strategies for consolidation, process standardization, and establishing a shared services center.
Due to economic uncertainty many businesses are seeking to become more efficient while maintaining quality and service. Transitioning to a shared service model is at a fever pitch. Here are ten steps to a successful shared service center implementation.
A solid business case provides the foundation for implementing a successful shared services organization. This is the first session in an HR Shared Services learning series that ScottMadden presented in conjunction with SSON. In this session, we covered the elements of a good business case including examining current costs, projecting costs and savings based on your future design, and conducting sensitivity analysis to understand possible outcomes. This presentation provides detailed guidelines and lessons learned for developing a sound business case.
For more information, please visit www.scottmadden.com.
Presentation winning strategies for shared services in the public sectorChazey Partners
Phil Searle, Founder and CEO of Chazey Partners, shared his view on what it takes shared services to be successful in the public sector. In this presentation, he has also highlighted the very essential basics of shared services and analyzed the lessons that he has learned through the years' of implementation in the public sector.
Due to economic uncertainty many businesses are seeking to become more efficient while maintaining quality and service. Transitioning to a shared service model is at a fever pitch. Here are ten steps to a successful shared service center implementation.
A solid business case provides the foundation for implementing a successful shared services organization. This is the first session in an HR Shared Services learning series that ScottMadden presented in conjunction with SSON. In this session, we covered the elements of a good business case including examining current costs, projecting costs and savings based on your future design, and conducting sensitivity analysis to understand possible outcomes. This presentation provides detailed guidelines and lessons learned for developing a sound business case.
For more information, please visit www.scottmadden.com.
Presentation winning strategies for shared services in the public sectorChazey Partners
Phil Searle, Founder and CEO of Chazey Partners, shared his view on what it takes shared services to be successful in the public sector. In this presentation, he has also highlighted the very essential basics of shared services and analyzed the lessons that he has learned through the years' of implementation in the public sector.
Evolution of Shared Services - IAOP 6 February 2013Stuart Snowden
Presented at the IAOP Sydney meeting Feb. '13. An overview developed by Accenture of the evolution of Shared Services. It talks to
- geographic, Operating Model and Organisation trends;
- characteristics of the different models
- sourcing models
- High performance characteristics
Developing Metrics for Financial Shared Services: Best Practices, Tips and T...Jeff Zwier
One of the most difficult tasks shared services managers face is measuring and demonstrating value returned to their
organizations. How can you capture your value in terms that are quantifiable, meaningful to your senior management and
useful as performance and analytical tools by your service leadership team? In this presentation, Jeff Zwier shares some of the tips, best practices and pitfalls he has
learned while developing performance and analytical metrics for shared services operating within a global financial services team, including
• Designing metrics that encourage the right responses from senior management
• Types of metrics and when to use each
• Principles of basic performance dashboard design
• Determining the right level of analysis to support performance management and demonstrate cost savings
Trends and Best Practices in Global Shared ServicesChazey Partners
The deck shows you the latest trends in Global Shared Services and Outsourcing industry and the best practices on optimizing your Shared Services performance
Your Challenge:
Implementing a shared services model is a difficult process to undertake, and is comprised of many different components. Becoming a shared services provider is comparable to becoming a vendor and most IT groups don’t have the capabilities to easily make the transition.
Most companies look to achieve cost reductions through offering a shared services model. Adopting a shared services model doesn’t always result in these intended cost reductions. Simply combining the operations of two IT organizations doesn’t necessarily result in economies of scale and cost efficiencies. Before leaping forward with your shared services implementation, determine if the project will deliver value to your organization.
Our Advice - Critical Insight:
Implementing a shared services model needs to be viewed as more than simply extending a current service to other sites. The organization providing services essentially turns into a vendor. As a vendor, think of the IT service you’re offering as the “product.”
Remember that there are people, process, and technology capability pre-requisites to successfully becoming a shared services provider. These capabilities are not typical for the average IT shop, and need to be taken into consideration when you look to transition to a shared services model.
Our Advice - Impact and Result:
Before jumping into the implementation of your shared services project, assess your customer requirements and your current people, process, and technology capabilities to assess whether your organization is ready to implement a shared services model.
Understand the financial implications of moving to a shared services model prior to implementing. Make sure there is a strong case for implementation.
A solid business case provides the foundation for implementing a successful shared services organization. This is the first session in an HR Shared Services learning series that ScottMadden presented in conjunction with SSON. In this session, we covered the elements of a good business case including examining current costs, projecting costs and savings based on your future design, and conducting sensitivity analysis to understand possible outcomes. This presentation provides detailed guidelines and lessons learned for developing a sound business case.
For more information, please visit www.scottmadden.com.
Design a Robust Shared Services Governance FrameworkChazey Partners
As SSCs evolve, what is increasingly clear is that if the business doesn’t do its part, then Shared Services hasn’t got a chance. This has given “governance” a completely new role and responsibility, as it establishes joint accountability between the business and the Shared Services. Governance makes real shared services happen. To download the article, click the link below: http://bit.ly/1ESICBy
Multi-function Shared Services center - an emerging trendZinnov
Shared services organizations are built on a foundation of reducing cost, promoting efficiencies and, ultimately, in achieving high performance. The evolution curve demonstrates that the shared services model has come a long way from the 70s when the focus was on centralizing non-core business processes to the current model of a portfolio approach based on establishing multi-shore, multi-delivery operations with best in breed solution offering. A variety of business functions are currently being outsourced/globalized with IT, F&A and HRO achieving significant maturity. In terms of locations, Indian cities (Bangalore, NCR and Pune) lead the way as the preferred destinations for most of the F&A, HRO and Inside Sales souring. Locations in Eastern Europe and Latin America offer viable alternatives.
Shared services - A Strategic Cost Management PlatformSanjay Chaudhuri
Shared Services Platform (as self defining as it can be) promotes the idea of 'sharing' within an organization or group or may also be provided as 3rd party SBU services.
Creating a Single point of contact for all service deliveries, enabling Cost effective solutions, leverage Automation, optimize workforce and the Speed to fulfillment is the key to success of such organizations.
More and more companies are moving to such platforms and the success rate is very high.
When introducing Workday into your organization, how you manage change is critical to a successful transition. While change is most often driven from a technology perspective, a successful change management program should be focused on the impact to strategy, business processes, and people. Increasing user adoption of Workday and improving how work gets done within an organization requires an intentional investment of effort.
Fundamentals of Designing, Building, & Implementing a Service Delivery CenterScottMadden, Inc.
ScottMadden recently partnered with APQC for a complimentary three-part webinar series focused on shared services.
This webinar session focused on the essential activities to plan, launch, and stabilize a new shared services operation including: critical success factors for your business case, top 10 implementation challenges, and three keys to post-launch success.
Companies that have set up ‘Global Business Services’
have significantly boosted their support functions
performance, optimizing the cost-quality trade off through
efficiency improvements and a clear shift towards a
strong and compelling value proposition to the business.
With this major transformation, Next Generation Shared
Services are well positioned to be considered full-fledged
partners of business operations, and not just providers of
services.
Effective Financial closing & Management reporting is one of the must have Capabilities of a Finance professional and CFO which is very important for "Optimizing Finance Operation" to lead the Finance head and company to a world Class Finance Performance
Maximize a 24 X 7 Shared Services Global Operation With Oracle E-Business Suiteeprentise
How can you keep Oracle® E-Business Suite Release 12 running around the globe while minimizing downtime and consolidating operations? This session reviews the technical mechanics and functional business processes required to effectively operate a world-wide enterprise on a single, global instance and some of the challenges in migrating to a shared services model from different cultures, technologies and processes.
Evolution of Shared Services - IAOP 6 February 2013Stuart Snowden
Presented at the IAOP Sydney meeting Feb. '13. An overview developed by Accenture of the evolution of Shared Services. It talks to
- geographic, Operating Model and Organisation trends;
- characteristics of the different models
- sourcing models
- High performance characteristics
Developing Metrics for Financial Shared Services: Best Practices, Tips and T...Jeff Zwier
One of the most difficult tasks shared services managers face is measuring and demonstrating value returned to their
organizations. How can you capture your value in terms that are quantifiable, meaningful to your senior management and
useful as performance and analytical tools by your service leadership team? In this presentation, Jeff Zwier shares some of the tips, best practices and pitfalls he has
learned while developing performance and analytical metrics for shared services operating within a global financial services team, including
• Designing metrics that encourage the right responses from senior management
• Types of metrics and when to use each
• Principles of basic performance dashboard design
• Determining the right level of analysis to support performance management and demonstrate cost savings
Trends and Best Practices in Global Shared ServicesChazey Partners
The deck shows you the latest trends in Global Shared Services and Outsourcing industry and the best practices on optimizing your Shared Services performance
Your Challenge:
Implementing a shared services model is a difficult process to undertake, and is comprised of many different components. Becoming a shared services provider is comparable to becoming a vendor and most IT groups don’t have the capabilities to easily make the transition.
Most companies look to achieve cost reductions through offering a shared services model. Adopting a shared services model doesn’t always result in these intended cost reductions. Simply combining the operations of two IT organizations doesn’t necessarily result in economies of scale and cost efficiencies. Before leaping forward with your shared services implementation, determine if the project will deliver value to your organization.
Our Advice - Critical Insight:
Implementing a shared services model needs to be viewed as more than simply extending a current service to other sites. The organization providing services essentially turns into a vendor. As a vendor, think of the IT service you’re offering as the “product.”
Remember that there are people, process, and technology capability pre-requisites to successfully becoming a shared services provider. These capabilities are not typical for the average IT shop, and need to be taken into consideration when you look to transition to a shared services model.
Our Advice - Impact and Result:
Before jumping into the implementation of your shared services project, assess your customer requirements and your current people, process, and technology capabilities to assess whether your organization is ready to implement a shared services model.
Understand the financial implications of moving to a shared services model prior to implementing. Make sure there is a strong case for implementation.
A solid business case provides the foundation for implementing a successful shared services organization. This is the first session in an HR Shared Services learning series that ScottMadden presented in conjunction with SSON. In this session, we covered the elements of a good business case including examining current costs, projecting costs and savings based on your future design, and conducting sensitivity analysis to understand possible outcomes. This presentation provides detailed guidelines and lessons learned for developing a sound business case.
For more information, please visit www.scottmadden.com.
Design a Robust Shared Services Governance FrameworkChazey Partners
As SSCs evolve, what is increasingly clear is that if the business doesn’t do its part, then Shared Services hasn’t got a chance. This has given “governance” a completely new role and responsibility, as it establishes joint accountability between the business and the Shared Services. Governance makes real shared services happen. To download the article, click the link below: http://bit.ly/1ESICBy
Multi-function Shared Services center - an emerging trendZinnov
Shared services organizations are built on a foundation of reducing cost, promoting efficiencies and, ultimately, in achieving high performance. The evolution curve demonstrates that the shared services model has come a long way from the 70s when the focus was on centralizing non-core business processes to the current model of a portfolio approach based on establishing multi-shore, multi-delivery operations with best in breed solution offering. A variety of business functions are currently being outsourced/globalized with IT, F&A and HRO achieving significant maturity. In terms of locations, Indian cities (Bangalore, NCR and Pune) lead the way as the preferred destinations for most of the F&A, HRO and Inside Sales souring. Locations in Eastern Europe and Latin America offer viable alternatives.
Shared services - A Strategic Cost Management PlatformSanjay Chaudhuri
Shared Services Platform (as self defining as it can be) promotes the idea of 'sharing' within an organization or group or may also be provided as 3rd party SBU services.
Creating a Single point of contact for all service deliveries, enabling Cost effective solutions, leverage Automation, optimize workforce and the Speed to fulfillment is the key to success of such organizations.
More and more companies are moving to such platforms and the success rate is very high.
When introducing Workday into your organization, how you manage change is critical to a successful transition. While change is most often driven from a technology perspective, a successful change management program should be focused on the impact to strategy, business processes, and people. Increasing user adoption of Workday and improving how work gets done within an organization requires an intentional investment of effort.
Fundamentals of Designing, Building, & Implementing a Service Delivery CenterScottMadden, Inc.
ScottMadden recently partnered with APQC for a complimentary three-part webinar series focused on shared services.
This webinar session focused on the essential activities to plan, launch, and stabilize a new shared services operation including: critical success factors for your business case, top 10 implementation challenges, and three keys to post-launch success.
Companies that have set up ‘Global Business Services’
have significantly boosted their support functions
performance, optimizing the cost-quality trade off through
efficiency improvements and a clear shift towards a
strong and compelling value proposition to the business.
With this major transformation, Next Generation Shared
Services are well positioned to be considered full-fledged
partners of business operations, and not just providers of
services.
Effective Financial closing & Management reporting is one of the must have Capabilities of a Finance professional and CFO which is very important for "Optimizing Finance Operation" to lead the Finance head and company to a world Class Finance Performance
Maximize a 24 X 7 Shared Services Global Operation With Oracle E-Business Suiteeprentise
How can you keep Oracle® E-Business Suite Release 12 running around the globe while minimizing downtime and consolidating operations? This session reviews the technical mechanics and functional business processes required to effectively operate a world-wide enterprise on a single, global instance and some of the challenges in migrating to a shared services model from different cultures, technologies and processes.
Case Study: Vivo Automated IT Capacity Management to Optimize Usage of its Cr...CA Technologies
Learn how Vivo used CA Capacity Management to monitor current capacity and assure the optimized usage of their critical infrastructure environments, enabling them to dispose of manual procedures and spreadsheets and achieve increased time to value and high speed.
For more information on DevOps solutions from CA Technologies, please visit: http://bit.ly/1wbjjqX
What can a company do when its financial systems stop meeting its needs? For modern businesses, such technology is crucial in day-to-day operations, providing automation, security and controls. But M&A activity, changing business models, and evolving accounting regulations can create an environment where this infrastructure no longer keeps pace. At the same time, replacing an entire system usually means substantial cost, risk, and disruption.
This session looks at how companies can augment existing enterprise systems to address new billing and revenue recognition needs without the pain of a full rip-and-replace. A practical example is provided by State Street - Princeton Financial Solutions business unit CFO Kenneth Riley, who successfully implemented an ERP augmentation strategy that allowed PFS to continue meeting GAAP billing and revenue recognition requirements, improving reporting and efficiencies while working within the context of its parent company’s systems.
Speakers: Ken Riley, VP of Finance/Division CFO, State Street
Graham Hulme, Director of Product Management, SOFTRAX
Presentation delivered at ProformaTECH 2014 - http://www.proformatech.com
Track: Finance Technology Landscape | Session: 1
Deloitte SAP Finance Transformation AcceleratorJan Bultinck
Finance transformation is a double-edged sword. On one hand,
it can have a significant positive impact on business results.
But it can also require a considerable commitment of key talent
and resources for an extended period of time. That’s why no
organization takes finance transformation initiatives lightly. It’s
important to get them right
The Power and Promise of SaaS: CA Cloud Service Management Case StudyCA Technologies
As we move to the application economy, companies are increasingly reviewing their portfolio of solutions to help ensure that they are deriving the promised efficiencies and value.
This presentation provides an informative look at how one company is leveraging cloud-based solutions to improve the overall effectiveness of their IT service management operations.
For more information on Management Cloud solutions from CA Technologies, please visit: http://bit.ly/1wEnPhz
Successful scope expansion for an existing shared services operation requires careful planning. Scope expansion can take a number of forms such as new services, new customer groups, and new geographies. “Shared Service Expansion” is the fourth session of a HR Shared Services learning series that ScottMadden is presenting along with Shared Services & Outsourcing Network (SSON). In this session, we cover an approach for planning expansion and keys to adding scope while balancing the demands of your current shared services operation.
Located in Tysons Corner, VA, NeoSystems Corp is an expert implementation and integration consulting partner for Netsuite. Our core mission is to enable our clients to grow and scale. We specialize in NetSuite implementations for the Software, and Professional Services industries, and the Nonprofit Community. and As a NetSuite implementation partner as well as a provider of Business Process Outsourcing (BPO) services and Business Process as a Service (BPaaS), we are the only NetSuite Solution Provider and BPO/BPaaS Partner capable of enabling fundamental, yet seamless back-office alignment for our clients, in the areas of Accounting and Finance, Human Resources and IT infrastructure.
Taking Advantage of R12 Functionality with a Single Chart of Accounts and a S...eprentise
Oracle describes R12 as "the global business release," and much of the focus has been on improving the ability of EBS to better manage complex global businesses, especially where organizations are centralizing their applications into a shared service environment. Some of the key enhancements include the introduction of a Common Accounting Engine with Subledger Accounting (SLA) and Multi-Org Access Control (MOAC). This article examines how to best use a single chart of accounts and a single instance to leverage R12 functionality to meet the globalization challenges.
View the original Blog post: http://www.eprentise.com/blog/r12/taking-advantage-of-r12-functionality-with-a-single-chart-of-accounts-and-a-single-instance/
Website: www.eprentise.com
Twitter: @eprentise
Google+: https://plus.google.com/u/0/+Eprentise/posts
Facebook: https://www.facebook.com/eprentise
Ensure your data is Complete, Consistent, and Correct by using eprentise software to transform your Oracle® E-Business Suite.
But I Did What I’ve Always Done and Ended Up Over Budget and Under Expectationseprentise
The team wanted to do a reimplementation because we wanted an opportunity to redesign our business processes, eliminate customizations, standardize our data across the enterprise, take advantage of new EBS features, and clean up our data. We have brought many countries into our Oracle environment, and have a great deal of experience in converting data with a highly-skilled team. The reimplementation was much more than we bargained for, and not in a good way.
This webinar with Jeff Dunford, Vice President of Apps Associates, reviews some of the challenges of a reimplementation and migrating data though some real-life experiences from a system integrator’s perspective and lessons learned across many different clients.
Learn about Thermo Fisher's journey with Oracle Cloud Services to help a fast-growing, global organization standardize its planning and reporting across businesses:
Rollout a common set of financial, headcount, and initiative planning tools
Balance the needs of Corporate and Divisions in a centralized system
Learn how Oracle Cloud EPM and on-premise Hyperion tools work together: Oracle EPM Planning, Master-Data Management, Financial Data Quality Management Enterprise Edition (FDMEE)
Create traceability for corporate and divisional allocations using Oracle's Profitability and Cost Management Cloud Service (PCMCS)
SHARE in Boston: z/OS Applications Adapting at the Speed of BusinessRichard Szulewski
This is an early look at my SHARE presentation for Boston, Session 13948, to be given at the Hynes Convention Center on 15 August 2013 at 1:30PM in Room 203. Slides are subject to change without notice. See www.share.org.
Maximizing your Global Delivery Strategy (ADM Outsourcing)Steven Hall
Want to really understand how to maximize performance in an outsourced ADM environment? Global Delivery is powerful, and with some straigh-forward rules, can increase productivty and improve software quality.
Smarter Integration Using the IBM SOA Foundation Stack: Best Practices and Le...Prolifics
Abstract: Enterprise integration can be challenging given the number of products, teams and technology frameworks involved. At the same time, most organizations require their applications to seamlessly communicate with each other, internally and externally. Our experience as field practitioners have enabled us to see these challenges up close and after fighting many battles to successfully implement integrated solutions, we want to share the best practices and lessons learned. We will be discussing IBM products such as DataPower, Integration Bus, BPM, WSRR and SmartCloud APM; however, many of these best practices are product and technology agnostic. We will be looking at what it takes from an organizational, personal and architecture perspective.
Critical Facilities Operations Process: Explanations and illustrative examples.
For training videos, please visit https://m.youtube.com/channel/UCYw2fG4p7buyhJD0EYHahuQ
A useful chart of accounts (COA) provides flexibility for recording and reporting financial information, allows uniform management, and enhances communication. Discover the fundamental criteria for COA design in Oracle E-Business Suite which will allow your business to create a forward-thinking chart of accounts to optimize growth and flexibility, while minimizing maintenance. This master class will go through the COA basics, define COA changes, outline the COA ecosystem, and provide best practices on designing your own chart of accounts.
Learning Objectives: After completion of this program you will be able to:
Objective 1: Explore the fundamental design criteria for creating a forward-thinking chart of accounts.
Objective 2: Learn how a good design reduces costs, streamlines reporting and provides global visibility.
Objective 3: Understand how to leverage features like subledger accounting and ledger sets.
Your AP Data is Telling You Something: Five Analytics to Identify Duplicate P...eprentise
Patterns exist in your accounts payable data that can indicate overpayments, duplicate payments, or other errors. This webinar will teach you five easy analytics that you can perform using Excel to identify some of these patterns.
Learning Objectives:
1. Learn three rule of thumb analytics to identify unusual vendor billings and payments
2. Learn Benford’s analysis to identify manipulated or adjusted invoice amounts
3. Create a monthly flux report to identify unusual vendor purchasing patterns
A Stress-free Guide to Mergers Acquisitions and Divestitures.pdfeprentise
Mergers, acquisitions, and divestitures are full of opportunities to take advantage of complementary resources, discover new market opportunities, reinvent processes, and capitalize on excitement. Familiarize yourself with best practices to ensure your organization is getting the most value out of the deal.
Having supported over $400 billion worth of merger, acquisitions and divestiture transactions with Oracle E-Business Suite (EBS) customers our speaker and industry-expert, CEO and Founder of eprentise, Helene Abrams discusses key integrations and considerations when undertaking M&A projects to help avoid transitional pitfalls.
With over 20 years of experience, technology specialist and influencer Husein Fazal, the Head of Financials and Procurement at Claremont, has delivered many successful enterprise-level programmes, with a strategic vision and the ability to translate that vision to an operational solution, providing an engaging narrative for stakeholders throughout the merger, acquisition, and divestment process.
10 Steps to Reduce Complexity, Increase Transparency, and Get Value from you...eprentise
Common data definitions that are aligned with business processes are what allow organizations to change as a result of mergers, acquisitions, divestitures, new regulatory requirements, and new market initiatives. It has probably been years since you have taken steps to reevaluate the future business requirements and ensure that you are able to move in new directions seamlessly within your supporting ERP systems. There are many steps that an organization can take to improve visibility into your data, reduce costs, and improve collaboration across the organization. This webinar provides guidelines to get value out of an ERP system, create an environment where shared data is adding insights to your business processes, eliminate silos in the organization, and optimize collaboration.
Learning Objectives:
• Identify how organizations’ data became more complex as companies evolved.
• Explore how IT can add value to the business and reduce costs, even within an existing ERP system
• Learn 10 Steps that will help your organization get the most out of your data
Mergers & Acquisitions: Realizing the Value eprentise
Mergers and acquisitions carry the added weight of introducing redundant systems that duplicate functionality. Learn how to overcome the value gap to take advantage of emergent synergies by aligning your transaction and transition efforts. With experience supporting almost $300 billion worth of merger, acquisitions and divestiture transactions with Oracle E-Business Suite (EBS) customers, our speaker, an industry-expert and CEO and Founder of eprentise, Helene Abrams will discuss key integrations and considerations when undertaking M&A projects to help avoid transitional pitfalls.
• Objective 1: Focus on adding strategic value to the business
• Objective 2: Understand when to start preparing for an acquisition to increase your chances of success
• Objective 3: Discuss the pros and cons of different types of acquisition strategies
Complexities of Separating Data in an ERP Environmenteprentise
In an Enterprise Resource Planning (ERP) environment, multiple organizations can exist within a single instance. How does the data belonging to these organizations co-exist, and what are the challenges that companies face when they have to separate the data based on business reasons? With a focus on Oracle E-Business Suite (EBS), our speaker Chief Technology Officer of eprentise and Managing Director of eprentise India, Anil Kukreja will explore the best ways to address complexities in ERP environments to achieve success when separating data in this session.
Learning Objectives: After completion of this program you will be able to:
• Objective 1: Understand how data for multiple organizations reside in a single ERP environment.
• Objective 2: Understand the complexities involved in separating data for organization(s) in an ERP environment.
• Objective 3: Achieve success in separating data for organization(s) to meet business objectives.
Ace your Audit: Preparing your Oracle® E-Business Suite for a Financial Auditeprentise
During a traditional audit, users of Oracle E-Business Suite run into the same pain point: they struggle to identify and extract accurate data out because there are not adequate controls around reporting. The data usually ends up coming from multiple places, the level of detail needed isn't found in the system, and significant time is spent by high-dollar resources to prepare for the audit. However, there are ways to leverage EBS to run industry-standard audit procedures and proactively identify areas of non-compliance in advance for a smoother process. In this session, explore the recommended year-round practices and tools available to ace your audit.
Cross-Validation Rules: Tips to Optimize your GLeprentise
Cross-validation rules (CVRs) determine which segment values in your chart of accounts (or other key flexfields) can be used together. A CVR controls the valid values that may be used in conjunction with other values. Learn how to set up CVRs, understand the criteria for designing a chart of accounts (COA) that minimizes the number and complexity of your CVRs, and get industry best-practice tips to fine-tune your cross-validation rules. Presented by our COA expert, Harrison Figura.
Learning Objectives: After completion of this program you will be able to:
Objective 1: Learn how cross-validation rules work in Oracle E-Business Suite.
Objective 2: Learn how to set up cross validation rules.
Objective 3: Learn how a good chart of accounts design reduces the need for complex cross-validation rules.
Objective 4: Understand the importance of ranges in designing cross-validation rules.
So your future direction doesn’t include Oracle® E-Business Suite. Your business is moving to Oracle Cloud, migrating to another system, or undergoing an acquisition/divestiture with a company on a different ERP. Your business depends on making the transition with minimum disruption. Post-transition ERP posture must be ready instantly after the change, and key data must be aligned to the new system BEFORE the changeover to avoid a costly transition. To leave EBS, there are steps to take NOW for a smoother exit.
5 Key Audit Procedures for Rock-Solid Trial Balanceseprentise
Sound financial reporting starts with a complete, consistent, and correct trial balance. If you suspect there may be errors or omissions on the trial balance that uncertainty can result in management being in the uncomfortable position of doubting the quality and integrity of the roll-up corporate financial statements. This is a tough position to be in especially for external and tax reporting where errors can be costly and damaging. The solution to this uncertainty lies in borrowing a few key procedures that your auditors routinely perform to assure the correctness of period end trial balances. In this webinar, we will look at five of the most common and effective audit procedures to ensure rock sound financial reporting.
Learning Objectives: After completion of this program you will be able to:
Objective 1: Identify some of the most common errors and omissions in trial balances.
Objective 2: Understand how to perform five of the most common procedures auditors perform on period end trial balances and how to analyze and use the results to find and correct problems.
Objective 3: Customize and expand the audit procedures for your unique accounting environment.
EBS Answers Webinar Series - The Power of Ledger Sets and Secondary Ledgers i...eprentise
Recent, unparalleled, changes in financial reporting requirements from the SEC, GAAP, and IFRS have transformed the way companies comply with regulatory requirements. Core financial reporting for Mergers and Acquisitions, financial instruments, pensions, and other key accounting transactions and balance types, have been relegated to manual spreadsheet reconciliations, transformations, and consolidations. The good news is that all this is no longer necessary with the use of Secondary Ledgers. Secondary ledgers are used to capture both a corporate and second representation of the same legal entity.
EBS Answers Webinar Series - Tricks for Optimizing Cross-Validation Rules in ...eprentise
Cross-validation rules (CVRs) determine which segment values in your chart of accounts (or other key flexfields) can be used together. A CVR controls the valid values that may be used in conjunction with other values. In this session, learn how to set up CVRs, understand the criteria for designing a chart of accounts that minimizes the number and complexity of your CVRs, and examine the top seven things to remember when designing cross-validation rules.
EBS Answers Webinar Series - Chart of Accounts Transformation Master Class: T...eprentise
A useful chart of accounts (COA) provides flexibility for recording and reporting financial information, allows uniform management, and enhances communication. Eight fundamental criteria for COA design in Oracle E-Business Suite will allow your business to create a forward-thinking chart of accounts to optimize growth and flexibility, while minimizing maintenance. This master class will go through the COA basics, define COA changes, outline the COA ecosystem, and provide best practices on designing your own chart of accounts.
EBS Answers Webinar Series - Secondary Ledgers: Benefits of Adjustment Ledger...eprentise
Preparing adjusting entries usually involves a lot of journal entries, staff input and tedious work. Not anymore. As a more efficient processing of adjustments, adjustment-only secondary ledgers reflect only adjustments without affecting your primary ledger, allowing entries to be made discretely. Explore the benefits of using adjustment ledgers, complete with a step-by-step setup guide.
EBS Answers Webinar Series - Ace your Audit: Preparing Your Oracle E-Business...eprentise
During a traditional audit, users of Oracle E-Business Suite run into the same pain point: they struggle to identify and extract accurate data out because there are not adequate controls around reporting. The data usually ends up coming from multiple places, the level of detail needed isn’t found in the system, and significant time is spent by high-dollar resources to prepare for the audit. However, there are ways to leverage EBS to run industry standard audit procedures and proactively identify areas of non-compliance in advance for a smoother process. In this session, explore the recommended year-round practices and tools available to ace your audit.
eprentise How Automation will Transform Your Financial Auditeprentise
Automation continues to transform whole industries – and finance and audit are no exception. Specific to the financial audit, most of the high-volume, routine, non-judgmental activities in real time are being transformed by software, leaving audit professionals more time to do what they do best: analyze results and make expert judgement calls. This webinar focuses on the framework and standards under which audits are currently conducted, and will showcase real-world examples where automation streamlines workflows to transform the entire audit process.
Making Sense of Alphabet Soup: Complying with Statutory, Regulatory and Compl...eprentise
You need to comply with an alphabet soup of statutory, regulatory and compliance requirements in a single Oracle E-Business Suite (EBS) environment. How do you manage to stay on top of constant changes in Generally Accepted Accounting Principles (GAAP), International Accounting Standards (IAS), International Financial Reporting Standards (IFRS), Sarbanes-Oxley (SOX) and still run your business? During this webinar with eprentise Vice President of Finance Brian Lewis, CPA, learn how your organization can be in global compliance in EBS.
Learning Objectives: After completion of this program you will be able to:
Objective 1: Learn the fundamentals of GAAP, IAS, IFRS, and SOX compliance.
Objective 2: Learn how statutory and regulatory requirements are implemented in Oracle E-Business Suite.
Objective 3: Learn about the usefulness of secondary ledgers and their impact on regulatory compliance.
Removing Silos and Operating a Shared Services Center with EBSeprentise
Moving to a shared services model reduces costs and optimizes performance, but in order to recognize the value, the organization has to be ready to modify data and processes. Silos in particular create challenges between disparate parts of the business, resulting in increased costs, risks, or failures. This session will focus on how standardizing data streamlines business processes, and how eliminating silos allows companies to share data effectively and communicate across the organization. Explore the initiatives and challenges for companies moving toward enterprise-wide shared service center (SSC) operations, and create a roadmap to implement an effective SSC by understanding the critical success factors needed, building globalization strategies, and removing or replacing the processes and operations that create silos.
Secondary Ledgers: The Benefits of Adjustment Ledgers for GAAP Reporting and ...eprentise
Preparing adjusting entries usually involves a lot of journal entries, staff input and tedious work. Not anymore. As a more efficient processing of adjustments, adjustment-only secondary ledgers reflect only adjustments without affecting your primary ledger, allowing entries to be made discretely. Explore the benefits of using adjustment ledgers, complete with a step-by-step setup guide.
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Top mailing list providers in the USA.pptxJeremyPeirce1
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An introduction to the cryptocurrency investment platform Binance Savings.Any kyc Account
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Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
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Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.