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Oracle’s New Analytics Capabilities Target Finance Managers with Tighter Integration, Prebuilt Adapters
The recently released Oracle Business Intelligence Applications 7.9.6 delivers important new features for finance managers, including support for multiple fiscal calendars and the new Oracle Project Analytics application, which helps organizations avoid project cost overruns.
Support for multiple fiscal calendars means users of Oracle E-Business Suite, Oracle’s PeopleSoft Enterprise applications, and Oracle’s JD Edwards EnterpriseOne can easily analyze related financial periods without having to manually import calendar data.
“If one division operates under one fiscal calendar and a second division operates under a different calendar, you now can quickly make apples to apples comparisons,” says Joe Thomas, Oracle senior director, BI Applications.
He adds that finance managers can also compare fiscal calendar results to data from general ledgers, budgets, or operating units. “Because source records are typically in those transactional applications, this allows companies to more tightly align Oracle analytics with their actual business processes.”
The new Oracle Project Analytics application works closely with Oracle Financial Analytics to help managers spot cost overruns as they’re occurring, not after financial books are closed for the quarter. “In the past, project management applications ran separately from the financial applications,” Thomas says. “But by having both tightly integrated, managers can now quickly course correct before it’s too late.”
Also new with the latest analytics release are additional prebuilt adapters that link Oracle Financial Analytics with JD Edwards EnterpriseOne Financial Management, and Oracle Procurement and Spend Analytics with PeopleSoft Financials. The prebuilt adapters enable financial managers to more quickly implement and see the benefits of OBIA for these transactional applications, Thomas says.
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