Out-of-the-box, ARCS makes it easy to “oh, and this!” when adding new scope. The obvious example is monthly maintenance. Reconciliation Administrators and Power Users can build new Profiles to deploy for future months (or even the current month) with relative ease. With the “Copy” feature, previously created Profiles can serve as ready-to-use templates and reduce the manual effort involved in building a Profile from scratch.
Modularity – My initial experience with this concept was during the build of my first computer. There is a great, omnipresent dread that consumes people who share this hobby – imagine this scenario (or nightmare rather!): you have just invested significant time, energy, and finances to create the perfect machine – only to have it rendered obsolete the next month by changing technology that is incompatible with your swanky new rig!
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 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!
EDMCS offers a fresh outlook towards current and future enterprise data management needs while incorporating elements from the current Oracle DRM application. With all the updates since its inception in Jan -2018, now may be the time to discuss some of the high level EDMCS features and functionalities.
Oracle DRM Analytics Dashboards for DRM Master Data Change Tracking, Growth Analysis, DRG Request Monitoring, DRG Workflow Model Performance, DRM/DRG Participant and User Group Performance.