Peruse the Account Reconciliation Cloud Service (ARCS) forums on Oracle’s Cloud Customer Connect and you’ll notice a theme: Transaction Matching. Questions, comments, and critiques have been flooding in from across companies and industries, clients and consultants alike. Combine this with Oracle’s game-changing announcement of the EPM Cloud price simplification plan teased for 2019 – that is, the strategic move to strictly sell bundled EPM Cloud products in the near future (more on this another time – it’s a doozy) – the changes released for ARCS in Patches 1811 and 1812 could not have come at a more opportune time. Furthermore, these changes provide a sneak peek into Oracle’s crystal ball of what’s to come.
Account reconciliations – the means by which this question is answered – are a fundamental part of the financial close process. Imagine you are trying to build a sandcastle. Now imagine your “sand” is harvested from a cow pasture. You *could* continue to build this “sandcastle,” but you will likely finish with a pile of…bull-sand. In the same way, if your account balances and transactions have an integrity equivalent to “bull-sand,” this will inevitably lead to problems down the line.
The ODTUG Board of Directors is a group of volunteers elected by ODTUG members to serve the community at large. What board members all have in common is a genuine dedication to offering our members the best technical content, access to a large network of well acclaimed industry experts, exposure to Oracle product management, and countless professional growth opportunities. All ODTUG board members also share a sincere appreciation for how the ODTUG network has played a critical role in setting the course of their technical and leadership professional paths.
There’s no better time to reflect on the accomplishments, and lessons learnt in the past 365 days than in the last week of the year! Among a myriad of other things that I experienced in 2018, something that I felt really good about was giving both an active indirect and direct contribution towards tackling Climate Change. In this blog post I aim to visualize data sets that have the potential to influence the readers to in turn take direct and/or indirect #ClimateAction in 2019!
Roughly how much money do you think you personally spent on Christmas gifts this year? According to the most recent results of a survey about the estimated Christmas spending of U.S. consumers from 1999 to 2018, U.S. consumers are expected to spend approximately 794 U.S. dollars on average on Christmas gifts in 2018. We’re going to visualize it using Oracle DV.
What if I were to tell you that Hurricane Florence poured over North Carolina as much as the average rainfall for an entire year in Seattle?! Are you able to imagine the devastation? What if I were to show you that seeing a real photo of one flooded road would look very similar as one visualization of hundreds of flooded roads?!
The Oracle Developer Community Appreciation Day is a day to thank the Oracle community by sharing technical knowledge or an Oracle user community experience. On Oct. 10, just one day ahead of ODC Appreciation Day, ODTUG hosted a very successful EPM & BI meetup in the Oracle offices in Stamford, CT. Get a feel of the enriching 9 hour experience that 40 Oracle friends and colleagues had the chance to be a part of!