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.
Having started our review of the new 18.104.22.168 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!
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.
Do 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.
Are 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.
Seismi is delighted to announce that we have been selected to present a customer case study at Oracle OpenWorld 2014. This annual Oracle event is the world’s largest conference for Oracle customers and technology professionals. We are excited to be in San Francisco this year co-presenting with our key client ICAP. ICAP’s Oracle Data Relation Management (DRM) and Oracle Data Relationship Governance (DRG) implementation is considered to be the first complex implementation in EMEA.
We will be sharing some key aspects of a strategic masterdata solution; notably how effective masterdata management can optimise key business processes, improve data quality and federate the control of core business structures.
In preparation for this event, we will be conducting a UK “Premiere” of the presentation as part of the Oracle DRM Breakfast in London (9th September 2014, 08:30 – 11:30).
- To find out more about the Oracle DRM Special Interest Group breakfast, click here. There are limited places left and registration is essential. We are sure you will enjoy the stimulating and insightful discussion alongside an excellent breakfast.
- To find out more about Oracle OpenWorld 2014, click here. Further details on the session we’re presenting on the 30th September can be found here.
Seismi is pleased to announce that we have achieved the Oracle PartnerNetwork Specialisation in Oracle Hyperion Data Relationship Management.
To become specialized, our company met stringent, product-specific competency and business requirements. Specialisation offers you confidence that we have the required resources and solution knowledge you need, including:
- Product-specific Oracle presales, sales, support and Certified Implementation Specialists
- A proven track record with recent Oracle transactions
- Successful implementations verified by Oracle
Check out our OPN Profile here.
Learn about OPN Specialisation here.
Many of our multi-national clients have the same challenge – local reporting on one accounting standard (normally local GAAP); group reporting (normally a flavour of IFRS) on another; as well as specific reporting requirements for regulators in certain verticals.
The difference between accounting standards can be summarised as follows:
- Differences in report definitions (for example, the balance sheet may be presented in an different order, granularity or definitions); and
- Differences in accounting policy (say development cost may be expensed under one standard and capitalised under another).
From my experience as an auditor, report definitions should be treated as an integral part of a company’s financial reference data, as they are one of the major reasons for material disclosure errors. Oracle Hyperion Data Relationship Manager (DRM) is a dedicated financial metadata management tool that we have implemented successfully at our clients to govern metadata and report definitions.
Historically differences in accounting policies are normally tackled by using adjustment ledgers or separate ledgers. This often introduces a governance problem, in that different subsets of a chart needs to be shared across multiple ledgers, and kept aligned.
Oracle Hyperion DRM is adept at defining these types of business rules and controlling the complete ERP metadata. It is application independent and can therefore integrate with ERP’s from any vendor. We have found it to be a very useful and flexible tool to manage multiple accounting and reporting standards, as well as many other historically challenging scenarios.
Firstly apologies that 3 weeks have passed since we last updated our weekly blog. Like many others Seismi’s team have been taking some well earned leave, as well as meeting other development deadlines.
We wanted to bring to your attention a case study that Oracle has published on their website that highlights an example of a project that we have recently delivered. Our client was Anglo Copper a USD4 billion division of Anglo American plc and the environment was relatively complex with many applications and over 200,000 account codes.
The case study is a good example of the type of project that Seismi team have delivered for their clients. It also provides a good example of the flexibility of Oracle Hyperion Data Relationship Manager (DRM) tool and how it can be adapted to meet key business issues.
Not only were Seismi able to allow Anglo Copper to resolve some significant issues within their finance applications architecture but it has also provided their finance team with a robust and flexible platform that will be able to adapt to Anglo Copper’s business as its strategy evolves, including the ability to integrate acquisitions effectively.
In addition we were able to implement the solution over a rapid a 6-month timetable. Seismi are continuing to provide second line support to Anglo Copper’s user base.
You can read the brief case study here and please get in touch if you would like to hear more of the detail.
Also if there any specific topics you would like us to cover then do reach out.