Elire News

Ask the Expert: Cash Forecasting and Global Liquidity with Oracle Cloud Cash Management

November 21st, 2017

Ask the Expert: Cash Forecasting and Global Liquidity with Oracle Cloud Cash Management

Proper support of a firm’s business objectives can be achieved through the proactive management of a firm’s global cash position and forecast. Liquidity management is a core treasury function that provides knowledge for minimizing an enterprises operational risk through strategic working capital allocations. To succeed, Treasury requires insight into their functional working capital strategies through the unlocking of bank balances and the mobilization of intercompany cash.  We asked Elire Cloud ERP Expert, Logan Wacker, why organizations should implement Oracle Cloud Cash Management to accommodate Treasury’s Forecasting needs, and what it takes to have a successful implementation. Here’s what he had to say:

 

Interested in learning more? Attend Logan’s webinar!

Managing Global Liquidity with Oracle Cloud

Wednesday, November 22nd | 2:00 PM – 2:30 PM CST

Register here

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Ask the Expert: Supplier Management Best Practices

November 16th, 2017

Ask the Expert: Supplier Management Best Practices

Are you looking to establish a new supplier relationship, manage existing vendor relationships, or enhance the value added by your Suppliers? Third party vendors and outsourced services are becoming an ever-important component to a successful business. We asked Elire Strategic Advisory Services Consultant, Lauren Sindt, for advice on how to best manage your suppliers and establish a strong supplier governance. Here is what she had to say!

 

Interested in learning more? Attend Lauren’s webinar, “Strengthening and Streamlining Supplier Management” on Thursday, November 30th. 

Register here

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Elire at AFP 2017!

October 23rd, 2017

Elire at AFP 2017!

Team Elire had a fantastic time in San Diego, CA for AFP 2017 last week! AFP is the ultimate networking and educational get together for Financial and Treasury Professionals. Elire setup at Booth #319 for the week to engage with our customers, inform Treasury and Financial professionals of our industry leading Treasury Services, and have some fun!

 

For copies of our presentation with Marsh & McClennan Services, email [email protected]

Join us in Chicago, IL for AFP 2018! More information: https://an18.afponline.org/

 

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Ask the Expert: Bank Reconciliation with Oracle Cloud Cash Management

October 13th, 2017

Ask the Expert: Bank Reconciliation with Oracle Cloud Cash Management

Thank you for all who joined us for Part 1 of our Cloud Cash Management Webinar Series: An Overview of Cash Management in Oracle Cloud!  Next up is Part 2: Automated Bank Reconciliation – Next Stop, the CLOUD. Join Elire Consultant, Tony Barbato, as we explore some of the features and functionality available for Bank Reconciliation in Oracle Cloud Cash Management – including matching rules and addenda parse. We asked Tony what tips he had for implementation success, and why cloud cash management is a option for your treasury needs. Here is what he had to say:

 

Register for the webinar here.

Part 2 : Automated Bank Reconciliation – Next Stop, the CLOUD

Presenter: Tony Barbato, Elire

Tuesday, October 31st | 2:00 PM – 2:30 PM CDT

In the second part of Elire’s Cloud Cash Management Webinar Series, join as Elire highlight’s some of the key functionality to be expected with Bank Reconciliation in the Cloud. Elire Treasury Consultant, Tony Barbato, will focus on Importing Bank Statements in the Cloud, Bank Reconciliation Matching Rules, including the One to Many rule, and Addenda Parse. Don’t miss out on this opportunity to gain valuable insight into the latest Bank Reconciliation functionality and tips for a successful implementation. 

 

 

 

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Ask the Expert: Cash Management in Oracle Cloud

September 27th, 2017

Ask the Expert: Cash Management in Oracle Cloud

Cash Management has arrived on Oracle Cloud! As your trusted on-premise Treasury Experts, Elire is taking the journey into the future with Oracle Cash Management in the Cloud. For your viewing and learning pleasure, Elire will be taking a dive into Cloud Cash Management’s specific functions including Bank Reconciliation, Cash Forecasting, Payments, and Smartview via a five-part webinar series.

Kicking the webinar series off is Part 1: An Overview of Cash Management in Oracle Cloud. We asked Elire presenter and Principal Consultant, Jason McCabe, why customers should consider Oracle Cloud Cash Management, and what tips he had to ensure implementation success. Here is what he had to say: 

Interested in learning more? Attend Jason’s webinar on October 10th!

Part 1 : An Overview of Cash Management in Oracle Cloud

Presenter: Jason McCabe, CTP, Elire

Tuesday, October 10th | 2:00 PM – 2:30 PM CDT

Oracle Cloud is a seamless, modern, and intuitive tool used by thousands across the country. With the addition of Cash Management in Oracle Cloud, it’s time for your organization to move its Treasury operations into the future. In this first part of Elire’s Oracle Cloud Cash Management Webinar Series, Elire Principal Treasury Consultant, Jason McCabe, CTP, will provide an overview into Software-as-a-Service, benefits of Oracle’s Cloud Cash Management solution, Cloud Cash Management features, integration with legacy software, and tips for implementation. 

Register here

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Ask the Expert: Conducting a Strategic Analysis on selecting PeopleSoft 9.2 vs. Oracle Cloud

September 20th, 2017

Ask the Expert: Conducting a Strategic Analysis on selecting PeopleSoft 9.2 vs. Oracle Cloud

The decision to upgrade to PeopleSoft 9.2 or migrate to Oracle Cloud can be overwhelming; how can you be sure that your organization is making the right decision? We asked Elire Strategic Advisory Services Practice Lead, Richard Merrill, what factors should influence your decision and what tips he had to ensure success. Here’s what he had to say:

Interested in learning more? Register for our complimentary webinar, “Strategic Analysis: PeopleSoft 9.2 vs. Oracle Cloud.” 

Strategic Analysis: PeopleSoft 9.2 or the Cloud
Presenter: Richard Merrill, Elire 
Tuesday, September 26th | 3:00 PM – 4:00 PM EDT

Elire will provide a deep dive into its 5 step approach to help you decide between a 9.2 Upgrade and Cloud.  This will include a review of tools and techniques for each of the 5 steps, including: Mobilization, Disconnect Assessment, Listening Tours, Review and Validation, as well as Analysis and Solutions.  The webinar will include practical advice about how best to make the decision using an approach that is designed to build buy-in and support across the organization.  Elire will also provide examples of key parameters to use during the Analyze and Solutions steps.

 

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Ask the Expert: BI Reporting in the Cloud Best Practices

August 9th, 2017

Ask the Expert: BI Reporting in the Cloud Best Practices

The journey to the Cloud is filled with business process redesigns, and your reporting strategy should be no exception! Our next webinar in the Elire Webinar series, “Moving from PeopleSoft to Oracle Cloud: BI Reporting Best Practices,” is a case study on Elire’s lessons learned and best practices to ensure your reporting strategy aligns with your business needs and implementation timeline. We asked Elire Senior Consultant and Presenter, Aaron Bulthuis, his recommendations for implementation success and what best practices his team found most useful.

Here’s what he had to say:

 

Want to learn more on developing your reporting strategy in the Cloud? Register for our webinar here.

Moving from PeopleSoft to Oracle Cloud: BI Reporting Best Practices

Presenters: Aaron Bulthuis (Elire) and Karen Costakes (Elire)

Wednesday, August 23rd | 2:00 PM – 3:00 PM EDT

Many of Oracle’s PeopleSoft customers have chosen to move to the future and transition to Oracle Cloud. An important part of the transition is to develop a business intelligence reporting approach that works for your organization. In this webinar, Oracle Gold and Cloud Standard Partner Elire presents a case study to discuss a recent client’s simultaneous implementation of Oracle HCM Cloud and Oracle ERP Cloud, specifically on the importance of reporting standards. Whether your organization is considering a move to the Cloud, are currently mid-implementation, or has already gone live on Oracle Cloud, you’ll learn how to prioritize reporting needs and utilize industry best practices for the reporting development, and reviews the lessons learned during the implementation.

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Elire Make-A-Wish Minnesota Miles Drive

July 31st, 2017

Elire Make-A-Wish Minnesota Miles Drive

Elire recently hosted a Miles Drive from the Make-A-Wish Minnesota chapter. This unique fundraising opportunity started through our involvement in last year’s Oracle Direct Charity Golf Tournament, where Make-A-Wish Minnesota was the selected charity. Team Elire wanted to take the relationship a step further and see what else we could do for this amazing organization. 

For those unfamiliar with Make-A-Wish, their mission is focused on strengthening and empowering children battling life-threatening medical conditions. For these children a wish experience can be a game-changer, encouraging them to comply with their medical treatments and providing their families with hope. 

Over the course of two weeks, Team Elire and members of our trusted Friends of Elire network were able to donate their United, Delta, American, Jet Blue, and Southwest miles towards assisting with flight for wishes. Over 75% of wishes include travel, with the Make-A-Wish Minnesota chapter using over 75 million miles alone last year. We’re proud to say we raised $147, 658 miles total – with 102,500 of those miles going directly to our local Make-A-Wish Minnesota Chapter. The remainder of the miles are donated to Make-A-Wish International. 

To donate your own miles, click here.

For more information on Make-A-Wish, take a look at their website or sign up to volunteer!

It was an honor to work with a charitable organization that has touched so many in our community. For more information on Elire’s Charitable partnerships, or to meet with our team, visit our Elire in the Community Page.

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Conference Recap: Elire at RECONNECT 2017!

July 24th, 2017

Conference Recap: Elire at RECONNECT 2017!

Last week, PeopleSoft Users from across the nation took over the “Windy City” of Chicago, IL for Quest International Users Groups‘ PeopleSoft RECONNECT Conference 2017. Team Elire set up camp for the week at Booth #405. The conference started with an exciting and informative lunch & learn with Senior Director of Product Strategy – PeopleSoft, Marc Weintraub, and Vice President, PeopleSoft Strategy & Product Management, Rebekah Jackson. The Senior Oracle Executives provided an overview of the roadmap for PeopleSoft, as well as engaged users to provide feedback on where they were at with the future of their PeopleSoft solution and what their current pain points entailed. 

Elire’s first presentation, Predict Your Future with Simplified Cash Forecasting: How Allegis Improved its Treasury System, was presented later in the afternoon by Elire Managing Consultant, Logan Wacker. This presentation was a case study on how Allegis and Elire created value by utilizing transaction level addenda to allow for proper categorization of transactions and by applying a cash forecasting rolling balance application to compute the daily beginning cash balance on a specific source set balance record.

 

The evening entailed the PeopleSoft Super Session and Welcome Reception in the Exhibit Hall. Team Elire welcomed clients and PeopleSoft Users to Booth 405 to engage with our experts, test out our new Strategic Roadmap Quiz, and learn more about our remaining five sessions. 

The team wrapped up Day One with a Chicago staple – Lou Malnati’s Deep Dish pizza!

Day Two started bright and early with Team Elire’s, “Pain in Your Bank Recon? PUM 18 has your Automated Solutions.” This session, also by Managing Consultant, Logan Wacker, focused on the expanded bank reconciliation capabilities with PeopleSoft PUM 18 that helps to maximize match rates, minimize manual use intervention, and reduce customizations. Not only was this deep dive informative, it was selected as a “Best of Reconnect Presentation” and will be presented as a complimentary Quest webinar on September 27th! Register here.

Our next presentation, “Testing, Testing, 123! Leveraging PTF with your Continuous Delivery Model,” was given by Elire’s Industry expert and Managing Consultant, Valentin Todorow. This deep dive session demonstrated how to automate PeopleSoft testing with PTF, specifically after the latest PeopleSoft Image, showcasing the value other clients have seen and a live demo of the tool. 

Elire Director of Sales, John Scott, and Wells Fargo Home Mortgage NA Vice President -Treasury Operations, Janet Division, facilitated the PeopleSoft Treasury SIG Meeting, connecting Treasury Users to discuss hot topics, share best practices, and network. 

The afternoon was action packed as well with Elire’s remaining two presentations. “Masterminding PeopleSoft Bank Reconciliations,” presented by Elire Partner, Carlos Conde, was a Case Study on Security Finance Corporation’s automation of their bank reconciliation processes. The session focused on how SFC’s PeopleSoft reconciliation problems were solved, allowing them to smoothly and efficiently reconcile 670,000+ check items and 36,000+ on a monthly basis. 

Elire’s final presentation of the conference was a case study on St. Elizabeth Healthcare’s successful PeopleSoft 9.2 Cash Management Implementation. Elire Managing Consultant, Tenzin Tsering, demonstrated the new features implemented including Bank SetId redesign, historical payment conversion, and AP integration into Financial Gateway to produce ACH payments.

Day two ended with a dinner celebrating our valued Clients and Partners at Gibson’s Bar & Steakhouse. 

The last day of RECONNECT wrapped up with a PeopleSoft Question & Answer session and final Exhibition Hours. Thank you to all who stopped by the Booth and entered to win our various prizes – including a YETI Cooler and Beats Earphones!

The team has already booked their calendars for PS RECONNECT 2018 – we hope to see you all there! To request a copy of any of our presentations, please email [email protected].

 

 

 

 

 

 

 

 

 

 

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Elire Sessions at #OOW17 – Join us in San Francisco!

June 29th, 2017

Elire Sessions at #OOW17 – Join us in San Francisco!

Team Elire is excited to annouce that we have FIVE presentations at Oracle OpenWorld 2017! Add our sessions below to your agenda and make sure to stop by Booth #4006 to network with our Experts!

Make Your Last PeopleSoft Upgrade Count: An Emory University Success Story [SUN5442]
Presenters: Michael Merrill (Elire), and David Miller (Emory University)
Sun. October 01 | 9:45 – 10:30 AM | Moscone South – Room 309

A major goal for Emory University’s PeopleSoft 9.2 upgrade was to optimize their investment in the system and take advantage of improved PeopleSoft functionality while heavily reducing the number of customizations needed for their system. Learn first-hand from Emory and Elire, on the upgrade techniques, methodology, approach, & other tools used to successfully reduce Emory’s customizations by 40% as part of their 9.2 Upgrade. Now live on 9.2, Emory is fully prepared to take on PeopleSoft Selective Adoption and PeopleSoft Update Manager using the tools and approach learned during their 9.2 upgrade. Whether your organization has upgraded to PeopleSoft 9.2 or not, you will learn valuable lessons from this highly successful 9.2 upgrade.

 
PeopleSoft Treasury SIG Meeting
Presenters: Janet Division (Wells Fargo) and John Scott (Elire)
Sun. October 01 | 10:45 AM – 11:30 AM | Moscone South – Room 309
 
 
Presenters: Carlos Conde (Elire)
Sun. October 01 | 11:45 AM – 12:30 PM | Moscone South – Room 309
 
Learn how global professional services firm, Marsh & McLennan Companies (MMC), with the help of treasury consulting partner, Elire, were able to successfully establish a solution to this common treasury pain point using their existing PeopleSoft Cash & Treasury Management system. In this case study, MMC and Elire will showcase the secrets behind the complex integration of multiple source systems, an Oracle R12 EBS AP/AR integration to PeopleSoft, used to centralize a single reconciliation point. The global roll¬out of Book¬-to-¬Bank reconciliation for US, Europe, Latin America, and Asia Pacific included integration between multiple systems, financial accounting Hubs (FAH), and external sources.
 
 
Presenters: Nori Funamoto (Canon Imaging Systems) and Patrick Gahagan (Elire)
Sun. October 01 | 1:45 PM – 2:30 PM | Moscone South – Room 308
 
Elire & Canon Information & Imaging Solutions will present the integration of Canon’s AP Automation Solution to PeopleSoft 9.2, leveraging the new Open Imaging Integration (OII). We will discuss how the seamless integration of technology and workflow behind the OVI certified solution creates a simple, transparent AP processes, leveraging Optical Character Recognition (OCR), Enterprise Imaging Platform & PeopleSoft Financials. We will showcase a case study to demonstrate the increase in productivity, speed, visibility and control delivered to our client who manually imaged & keyed over 60,000 invoices per year, transforming their fragmented, manual, paper intensive process.
 
 
Presenters: John Wallace (Elire) and Carlos Conde (Elire)
Tue. October 03 | 4:45 PM – 5:30 PM | Moscone South – Room 160
 
In this session, you will learn how organizations are preparing for their transition to the new FASB and IASB leasing guidance. You will also learn how you can utilize planned and delivered features within PeopleSoft Asset Management and Lease Administration to adapt to changes in business process resulting from the new accounting rules.
 
 
Moving from PeopleSoft to Oracle Cloud: BI Reporting Best Practices [CON4629]
Presenters: Aaron Bulthuis (Elire), Karen Costakes (Elire), and Mike Spalding (Yum! Brands)
Wed. October 04 | 12:00 PM – 12:45 PM | Moscone South – Room 206
 
Many PeopleSoft customers have chosen to move to the future and transition to Oracle Cloud. An important part of the transition is to develop a business intelligence reporting approach that works for your organization. In this session, Oracle Gold and Cloud Standard Partner, Elire, will present a case study to discuss a recent client simultaneous implementation of both Cloud HCM and Cloud ERP, who were previously running PeopleSoft. An Elire reporting expert will discuss how to prioritize your reporting needs, utilize industry best practices for your reporting development, and review the lessons learned during the implementation.
 
 
 
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