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.
Last week Team Elire was able to attend Oracle CloudWorld in NYC. The team enjoyed a full day of customer focused keynotes and live demo sessions, as well as networking activities. Here’s a recap of what you missed!
The team found the Oracle Keynotes to be informative and data driven to show how the ecosystem is changing with the workforce becoming younger and more demanding, which is influencing companies buying habits. The global economy is growing, but not at the same rate in each region or country. IT Growth tends to follow GDP growth, but only 3% of GDP is IT related, and it’s mostly coming from China. Top Cloud companies like Oracle, Amazon, and SalesForce have experience 44% growth, while IT budgets are not growing. Executives are focusing on moving their IT budgets from maintenance to innovation, which is creating an appetite for cloud solutions. As much as 85% of CEO’s think their investment in Cloud will increase.
In terms of Cloud companies, Oracle is ahead of the curve with security and patches. From an HCM Cloud perspective, the focus for Oracle has been on the employee self-service framework, peer collaboration, and managers having real-time access to tools and analytics geared around employee data. Currently Hybrid environments are the norm (a combination of on-premise applications with some Oracle Cloud solutions), however, more customers are going to 100% Cloud as the application availability and maturity rises.
General Electric (GE) has taken their full financials and moved to the cloud with 22 modules total. Seven modules have went live in the US and Canada within four and a half months, with Phase two being 13 modules in five countries. Kraft Heinz is currently using on premise ERP and implementing Oracle Planning and Budgeting Cloud Service (PBCS).
Two case studies were also presented. The first was Irving Materials, a Midwest construction company was an existing Oracle 11i customer. They decided to move to cloud because of maintenance. They had a tough time handling patches and upgrading themselves, so moving to cloud was the right move for them – along with the flexibility needed for rapid growth through acquisitions. Prior to moving to cloud they needed 4-6 hours for running financials reports, now it only takes minutes.
The second case study was on Bluebird bio, a Gene Therapy Biopharma company out of Cambridge, MA. They chose Oracle to help scale, their global presence, user experience, budget, and quick implementation timeline. Bluebird started with Oracle HCM, PBCS, and then contracts. They were also able to integrate with lost of third party solutions like using ADP. After their initial implementations, they have also added most of the ERP suite excluding Accounts Receivable.
Implementation Success Tips
Successful clients shared their tips and tricks for having a successful adoption of Cloud technologies. The main points are:
Go Enterprise Where you can
Engage vendors early to interface with your third party applications
Phases, phases, phases
Change management is essential. Have a plan for your users
Leverage best practices
Leverage your Oracle relationships in addition to My Oracle Support
Utilize niche implementation partners rather than using one – utilize partners specialized in Contracts, HCM, etc.
Send users to online training after Go Live – start early and add additional training if needed
Elire is led by a team of experts with the qualifications, experience and credentials necessary to provide the highest quality of service.
Strategic ERP Services
Our Strategic ERP Services practice will help you address your financial analysis & reporting needs. Our knowledge and experience will help you fast-track your implementation or upgrade, avoid common mistakes, minimize the need for costly customizations, and maximize the return on your strategic IT investment.