How to leverage Fusion Financials (New …ncoaug.communities.oaug.org/multisites/ncoaug/media... · New Features in Fusion Financials ... Oracle apps with Fusion Applications pillar

© Copyright 2014. Apps Associates LLC. 1

How to leverage Fusion Financials (New Implementation vs. Coexistence)

August 14, 2014


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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


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


Applications Roadmap and Strategy


Complete Solutions


Oracle Fusion Financial Products


Key Stakeholder Challenges


Fusion Co-Existence


How can Fusion coexist with my current investments?


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


How can Fusion coexist with my current investments?


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


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


New Features in Fusion Financials


AP Invoice Scan


Optical Character Recognition and Document Attach


Mobile Expenses


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


Period Close Visibility


Period Close Collaboration


Excel Connectivity


Fusion Accounting


Migrating from Your Current

Financial Platform


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


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


The New Standard for Adoption Choice of Adoption Scenarios

#1: Current Customer

No plans to adopt Fusion Applications at this time.


Adopt Fusion Apps alongside existing Oracle apps with no interoperability.


Adopt Fusion Apps alongside existing Oracle apps with loose interoperability.


Adopt Fusion Apps alongside existing Oracle apps with tight interoperability.


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


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?


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


Questions & Answers

How to leverage Fusion Financials (New …ncoaug.communities.oaug.org/multisites/ncoaug/media... · New Features in Fusion Financials ... Oracle apps with Fusion Applications pillar

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