Author Archives: Seismi

Seismi Sponsor Oracle DRM SIG

Event date: 24th March 2015Seismi Clients_Blog_Sidebar_DeBeers
Event Location: Oracle City Office, One South Place, London EC2M 2RB

We are pleased to announce our continued support for the Oracle DRM Special Interest Group (SIG).

Oracle is hosting the event and Seismi will be presenting a customer use case. The De Beers Group of Companies is in the process of implementing Oracle DRM and FDM to optimise the relationship between their extensive collection of general ledgers and their consolidation tool, HFM. They will be sharing their story to date, outlining their use case, their solution and the benefits they are expecting the solution to bring. They will also highlight any pitfalls and lessons learnt from their project.

For further information on, and to register for the event, please click here.

Spaces are limited so please register as soon as possible to join us.

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DRM and DRG 11.1.2.4 update - Batch load from file to requests

Good news. In our first post about Oracle Data Relationship Management and Oracle Data Relationship Governance 11.1.2.4, we mentioned that the new feature that enables users to load request items from a file was not available from the batch client. After publication Oracle contacted us to inform us that it was possible. The parameters allowing us to do so had only been omitted in the user guide.

After this update we obviously had to give it a try! It runs exactly as we hoped. This functionality now allows us to configure an integration that will generate new requests if an upstream system. There are many cases in which this functionality can make your master data processes more robust and intuitive!

If you want any more information, feel free to contact us.

Seismi sponsor Hyperion SIG

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Event date: 25 February 2015

We are delighted to be supporting the UK Hyperion community by proudly sponsoring the UK Oracle User Group (UKOUG) Hyperion Special Interest Group (SIG) on the 25 February 2015.

This is the first of two Hyperion focused events taking place this year organised by the UKOUG, an independent, not for profit membership organisation.

James Gordon, our Managing Director, will be presenting on a topic which is fundamental to our approach to delivering integrated financial applications: Unleashing the Power of Financial Master Data Governance. This presentation examines the critical area of financial master data governance and how a controlled approach to financial master data improves the quality and confidence in the numbers an organisation reports. We explore the benefits of effective Financial Master Data Governance and contrast these against the risks associated with allowing financial applications to move independently of one another.

We hope to see many of our clients and members of the community at the SIG. James will be available throughout the day and at the drinks social to answer any questions you may have. Feel free to discuss our complementary review of your financial master data management processes if you manage to corner him!

Details of the event can be found here.

DRM and DRG - 11.1.2.4

As you probably know by now, Oracle have released DRM 11.1.2.4. The first thing that strikes me is that this new version comes with a new look. The buttons and elements are in the same place but the colours and theme have been updated to give it a new, clean look. The next thing we noticed is that overall performance seemed better. Oracle have implemented a new improved architecture optimized for multi-processor deployments on 64-bit hardware. The trade-off is that this new version is no longer compatible with Windows 32 bit operating systems. Applications now use a single engine and server to reduce the overhead linked with the multi-engine architecture of previous versions. The result is an application capable of handling much more concurrent processes with less hardware.

The new features delivered in this new version can be divided between DRM and DRG.

DRM New Features

To start, we had a look at the new hierarchy group exports feature. In DRM you can now define exports that will run on all the hierarchies within a specific group. These exports will always run from the top node of all the different hierarchies. You cannot select a specific branch as you can in normal exports. This can be remediated through the effective use of filters. This new feature can be very useful for companies who are governing their chart in E-Business Suite or Fusion from DRM as it will make it a lot simpler to define which hierarchies should be published to the value sets.

The second feature worth noting is that DRM imports now support reverse lookups. This means you can take advantage of lookups tables you have defined. The goal here is to have one single point where you can define the relation between a system attribute and it’s meaning for the users. So for example, Account Types are stored in E-Business Suite as single characters (“A”, “L”, “E”, “R”…). In DRM you can have a user friendly property for the account type (“Asset”, “Liability”, “Expense”, “Revenue”…) and a lookup property to transform that to the E-Business Suite format. Thanks to these reverse lookups, you can import the chart of accounts from E-Business Suite with the single character and the reverse lookup will automatically understand that “A” means that your user defined account property should be set to “Asset”. This feature may not seem like a major breakthrough but it is down to the core goal of Master Data Management, centralising definitions in a single location.

Other noteworthy new features include substitution parameters in imports and exports to use runtime parameters, dynamic columns in exports to add columns without creating new properties, imports with no sections to ease the integration with upstream systems and the ability to set node types and validations assigned to an imported hierarchy within the import definition. These will all make the integration simpler to create and manage.

DRG New Features

Just as the general DRM interface, DRG requests have changed look. Requests now contain different tabs to view items, comments, attachments, participant’s details and activity. Information is easier to access and yes, you can now attach documents to a request! DRG now also supports custom labels and property instructions so you can adapt the label of a property to the specific workflow and add instructions for that property. These small changes go a long way in making requests clearer for all the different stakeholders. Another important new feature is the separation of duties option that enables workflows to enforce that an approver cannot have participated in any previous stage of the request. This is a good simple way to force that every request is reviewed by at least two pairs of eyes!

The main new feature that many of us working with DRG have been waiting for is also included in this release: conditional stages. When building a workflow, you can now assign conditions to the execution of a stage. The condition can be based on properties or the result of validations and you can also chose to apply the stage to the full request if at least one item meets the condition or to split the request and apply the stage only to the relevant items. This new feature does exactly what it needs to.

The next feature we tested is the request from file option. This allows users to create a request with multiple items from a file. The theory here is that a user can prepare a large request in a spreadsheet, save it in the correct format and load it into a request. DRG requires that similar commands are grouped into independent files. These files can then be loaded and combined into one request. In practice this feature was a little disappointing; it does not look like you can automate this load into the DRG queue. As a result a third party system can generate a load file but cannot automatically submit the identified changes into the DRG process for onward processing. Hopefully this limitation will be addressed soon.

Note – After publication of this post, we were contacted by Oracle to let us know that it is possible to trigger the load of a file containing items of a DRG request from a batch file. The batch parameters required to do so were just missing from the documentation. This is great news as it means we will be able to automatically import master data from a third party system then trigger a set of requests to ensure that master data is enriched as required. Users will simply arrive in the morning and find the required actions waiting in their inbox. We will be testing and posting a review of that feature soon.

Finally, one point worth noting is that DRG is going mobile. This release is compatible with the Oracle EPM app which allows users to review and action DRG requests in their inbox directly from their tablet or smartphone. This same app can also allow you to interact with Hyperion Financial Management, Planning, Tax Provision and Financial Close Management. Obviously, access through a smartphone or tablet will depend on each company’s security policy and we would always recommend ensuring that these clients have the appropriate protection before allowing them to interact with core financial applications. However, provided this is done, this shows how Oracle is adapting to the new ways we work and interact.

As a conclusion, this may not be a ground-breaking release like 11.1.2.3 when Oracle introduced the new DRG workflow and JavaScript derived properties and validations. It feels more like a natural evolution of 11.1.2.3 into a finer tuned version. The improved architecture, the new clearer layout of information in DRG requests and the new conditional workflow stages are reason enough to look at adopting 11.1.2.4.

 

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Offers extended due to popular demand!

We are pleased to announce that we are extending our special offers until May 2015 due to popular demand. Take advantage of our free Master Data Management Process Review or for those who already use Oracle DRM, our free Data Relationship Management Health Check.

For more details, don’t hesitate to contact us.

DRM 11.1.2.4 Highlights

Having started our review of the new 11.1.2.4 release we thought we would highlight what we anticipated to be the most valuable from both a business and technical perspective. The full list of features is available here. From a business perspective some of the most notable features are:

  • Conditional Workflow Stages – A workflow model can be configured to conditionally alter the workflow path for individual requests. You can include or exclude particular workflow stages depending on whether request items have certain property values or if they fail certain validations. You can also separate request items that require different approvers and split enrichment tasks into different requests to follow separate workflow paths.
  • Separation of Duties – You can configure workflow stages to require a separate approving user who has not submitted or approved for any other stage in the request.
  • Request Items from File – Request items can be loaded into a workflow request from an external flat file created by a user or source system. You can load request items during a Submit or Enrich stage. Source files may be loaded using the Web Client or Batch Client.

From a technical perspective the following three have real potential:

  • Improved Architecture – Data Relationship Management offers a streamlined application server architecture optimized for single machine, multi-processor deployments on 64-bit hardware. Each application utilizes a single engine and server, instead of the multiple engine and server configuration used in previous releases. These improvements result in higher concurrency of read operations, eliminate event traffic between engines, and reduce connections to and data transferred from the repository.
  • Reverse Lookup on Import – Lookup type properties can be selected for import section columns to perform a reverse lookup on column values being imported. The resulting value is stored in the defined property that uses the lookup property.
  • Hierarchy Groups in Exports – Hierarchy groups can be used to auto-select hierarchies for exports instead of having to manually select the hierarchies for each export. Each export profile is configured with a hierarchy group property and hierarchy group. When a hierarchy is assigned to a hierarchy group, the hierarchy becomes immediately included in all exports using the group.

We will update you on our progress once we have completed our full review. Watch this space!

FTSE 100 Company “overstates” its half-year profit guidance by £250m

As you probably know, a leading supermarket in the UK is under some scrutiny for having overstated its half-year profit guidance by £250 million. We have no knowledge of what went wrong and only the investigation will be able to tell how and why something like this could happen in this FTSE-100 company. Whatever the outcome, this is an opportunity for C-level leaders to examine whether they are taking the necessary precautions to minimise these risks to their company. Here at Seismi, we believe that robust financial master data processes aligned with tight financial systems integration are the key to eliminating these issues. We are even offering a complimentary master data review to help CFOs and CTOs understand, mitigate and formulate long term plans to enhance their financial master data management processes.

Find out more here or contact us.

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Seismi Achieves Oracle PartnerNetwork Specialisation for Oracle Data Relationship Management

Oracle Recognizes Seismi for Expertise in implementing integrated EPM solutions underpinned by Oracle Data Relationship Management and Oracle Data Relationship Governance.

 

Seismi, integrated financial solutions specialists and a Gold level member of Oracle PartnerNetwork (OPN), today announced it has achieved OPN Specialized status for Oracle Data Relationship Management.

To achieve OPN Specialized status, Oracle partners are required to meet a stringent set of requirements that are based on the needs and priorities of the customer and partner community. By achieving a specialized distinction, Seismi has been recognized by Oracle for its expertise in delivering services specifically around Oracle Data Relationship Management through competency development, business results and proven success.


 

We understand the benefits that an approach to masterdata management can provide in terms of cost reduction, business process optimisation and data quality improvement. This OPN Specialisation for Oracle Data Relationship Management formally recognises our ability to help create robust, efficient and flexible solutions underpinned by efficient masterdata management and systems integration.
James Gordon, Managing Director, Seismi
Seismi, recognized specialists in Master Data Governance in the UK, achieved OPN Specialisation for Oracle Data Relationship Management, and are demonstrating their commitment and leadership in this business area. They have enabled tangible business benefits to their clients and customers by implementing integrated solutions underpinned by Oracle Data Relationship Management.”
Will O’Brien, VP Alliances & Channels, UK & Ireland, Oracle.

 


 

About Seismi
Seismi is a UK based professional services company that specialises in delivering fully integrated financial solutions to corporate clients. Seismi’s solutions are underpinned by efficient masterdata processes leading to flexible, robust, scalable and automated solutions. Seismi provide consultancy, infrastructure, training and support services and have extensive product expertise in the Oracle Hyperion Suite.
About Oracle PartnerNetwork
Oracle PartnerNetwork (OPN) Specialized is the latest version of Oracle’s partner program that provides partners with tools to better develop, sell and implement Oracle solutions. OPN Specialized offers resources to train and support specialized knowledge of Oracle products and solutions and has evolved to recognize Oracle’s growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to differentiate through Specializations. Specializations are achieved through competency development, business results, expertise and proven success. To find out more visit http://www.oracle.com/partners.

 

 
 

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Contact Seismi for a complimentary review of your financial Master Data Management processes

58px-Loupe.svgDo you need Master Data Management experts to identify risks, issues and opportunities in your financial master data processes? Enhancing your processes could help you gain control over core reference data, reduce time spent reconciling reports, minimize manual interventions between key financial systems and simplify and optimize your month end close process.

Take advantange of this limited time promotion of a free of charge review, to find out more click  here or contact us.

Seismi is offering a complimentary DRM Health Check!

O_SpecGold_OracleHyperionDataRelationshipMgmt11-1-2_clrAre you getting the best ROI from your DRM implementation? Seismi is offering a complimentary two day review of your Oracle Data Relationship Management implementation. This review will be conducted by recognized master data experts and will identify the risks, issues and opportunities for improvement you have with your current DRM implementation.

Find out more here or contact us for more details.

This offer expires in December 2014.