Archive for June, 2008
Agility by Design: Finished But Not Done
Posted by Helene Abrams in TECHANGES, The Changing Enterprise, Trends & Technology, Upgrade vs. Reimplementation on June 20th, 2008
Enterprise applications must continually change in order to support the ongoing business changes of the enterprise. Enabling and facilitating those changes so that they can occur with a minimum of cost and business disruption is the essence of designing for agility. The backbone of potential design agility is most often the enterprise resource planning (ERP) application, whether it is the Oracle Business Suite, SAP, or another similar system. In larger firms, of course, the ERP systems do not run in isolation – the ERP systems are to differing degrees supplemented, complemented, and duplicated by other applications. The average Fortune 1000 company has approximately 300 different “enterprise” systems. Nevertheless, since the ERP systems contain the most central data and business processes of the company, their implementation is a focal point for design agility. >>MORE
A Grand SLAM in R12
Posted by Chris Busbee in Basic Accounting, TECHANGES, Upgrade vs. Reimplementation on June 19th, 2008
This article highlights some of the features of accounting in Release 12, including the introduction of the new Subledger Accounting Method (SLAM). What used to be referred to as a Set of Books is now called a Ledger, and Ledgers and Ledger Sets bring along with them a completely different way of performing accounting in the E-Business Suite. From a single transaction ledger where the transaction is entered one time, you use accounting rules to populate other subledgers. Additionally, the introduction of the Secondary Ledger impacts drill down capabilities and the functionality of reporting currencies, simplifying the financial consolidation process in many cases. This article will focus on (1) the general flow of actions that occurs between the initial subledger transactions and the general ledger balances as well as (2) the impact secondary ledgers have on the flexibility of global operations and financial consolidation. >>MORE