Elire News

Category: Uncategorized

PeopleSoft FSCM PUM Image 30 Release

December 11th, 2018

PeopleSoft FSCM PUM Image 30 Release

PeopleSoft Update Manager (PUM) Image 30 for FSCM was released and includes a large array of new features, including enhancements to Procurement Contracts, Credit to Cash Global Search, the addition of UPN types to Procurement and Payables Tables and Components, multiple updates to Grants, and enhanced visibility for Fluid Expense Approvers. 

To view all of the highlights from FSCM Image 30, view the video below from the Oracle PeopleSoft Youtube Channel.

For a comprehensive overview of all fixes and functionality in Image 30, view the Cumulative Feature Overview tool. 

Read Full Story
Guest Post: How AP Automation for PeopleSoft Helps Mitigate Fraud and Compliance Risks

December 10th, 2018

Guest Post: How AP Automation for PeopleSoft Helps Mitigate Fraud and Compliance Risks

If it feels like it is getting harder to manage your finance organization’s fraud and compliance risks, you are not imagining things.  The finance department is a target-rich environment for crooks:

  • Collusion
  • Vendor schemes
  • Inventory theft and fraud
  • Computer-based payments fraud
  • Conflict of interest
  • Fraudulent financial reporting

All told, 75 percent of global senior executives surveyed by Kroll say their organization has experienced some type of fraud, whether it’s insider fraud or supplier fraud.  Each year, corporate America loses the equivalent of 5 percent of its total revenues due to fraud, studies show. 

Making matters worse, businesses must contend with an ever-increasing regulatory burden and the risk of financial penalties, loss of business, reputation damage, and more. For starters, there are dozens of lists of parties that either a buyer cannot do business with, or that have specific restrictions on how a buyer can do business with them.      

Having a state-of-the-art ERP application like PeopleSoft isn’t enough to manage these risks.  Businesses must rethink the other systems and processes such as accounts payable that feed their ERP. 

Regardless of your ERP application, manual and semi-automated accounts payable processes leave finance organizations extremely vulnerable to fraud and compliance issues in several ways:

  • No tracking of document history and approvals
  • No way to ensure that employees adhere to approval policies and separation of duties
  • No chain of custody assurances
  • Audit information that is not readily accessible
  • Poor PCI compliance controls
  • No way to prevent documents from being discarded or destroyed ahead of deadlines

Importantly, organizations that rely on manual and semi-automated accounts payable processes don’t have the real-time visibility into their financial data to tightly control their risks:

  1. Key information is not captured
  2. Data is poorly organized
  3. Information is not timely
  4. Systems are badly integrated
  5. Decision-makers cannot access key variables

That’s why 24 percent of all fraud cases are the result of billing schemes that could be prevented or detected by sound vendor master database controls and other reporting and visibility measures, per the Association of Certified Fraud Examiners. And that’s why audits induce feelings of nausea.  

Finance executives have had enough.  Eighty percent of finance executives tell Accenture that they are “concerned” or “very concerned” about their organization’s compliance and security risks. 

For their part, 9 percent of accounts payable leaders identify security and compliance as their top improvement priority, per the Institute of Finance and Management (IOFM).

This is where accounts payable automation comes in.

Combining an automated accounts payable solution with your PeopleSoft application enables organizations to mitigate fraud and compliance risks.  Here are three ways how:

  • Intelligent data capture: Automated accounts payable solutions capture information from invoices based on pre-configured business rules and validate the information against data that resides in PeopleSoft.
  • Automated workflow: Automated accounts payable solutions electronically route invoices based on pre-defined business rules, ensuring chain of custody and separation of duties and eliminating the possibility that invoices will fall into the wrong hands.  What’s more, automated solutions track all activities within the system, such as who approved an invoice.  And standardized processes ensure transparency and compliance. 
  • ERP integration: Automated accounts payable solutions seamlessly upload data and images on approved invoices to PeopleSoft, providing 360-visibility into a transaction and the supplier.  Invoices can be accessed directly from PeopleSoft transaction screens.  And images and data are securely archived and maintained per your guidelines and cannot be discarded prematurely.   

Fifty-five percent of finance organizations are investing in digital solutions to mitigate fraud and compliance risks, Accenture reports.  Accounts payable automation should be part of this plan. 

The control provided by the combination of PeopleSoft and an automated invoice processing solution, such as the one from Canon Information and Imaging Solutions (CIIS), gives businesses an upper-hand against fraudulent activities. By pairing continued investment in your PeopleSoft application and implementing integrated user enablement tools, you empower business users and IT to gain control of financial operations while creating the visibility required by management.

This guest post is brought to you by our Partner Canon Information & Imaging Solutions. Interested in learning more? Download the CIIS white paper “3 Ways Accounts Payable Automation Mitigates Fraud”.

Elire was recently named the Partner of the Year with Canon Information & Imaging Solutions for 2018. Elire and Canon have partnered to successfully deliver the AP Automation Solution from Canon to Elire’s PeopleSoft and E-Business Suite Customers, as well as develop the future of OCR technology to streamline and automate day-to-day business processes for AP Users.

About Canon Information and Imaging Solutions, Inc.

Canon Information and Imaging Solutions, Inc. (CIIS), a wholly owned subsidiary of Canon U.S.A., Inc., brings together Canon’s world-class imaging technologies and information management expertise to assist organizations in achieving their digital transformation objectives.  With a focus on innovation, CIIS’s software development and solutions delivery capabilities scale across several practice areas: Business Process Automation – including Procure-to-Pay & Order-to-Cash automation, Document Solutions, Information Management Services with a focus on content capture, management and collaboration, and Security and Infrastructure Management.  With expertise in emerging technologies such as artificial intelligence, machine learning, and big data analytics, CIIS deploys its solutions in partnership with leading technology providers and offers comprehensive consulting and professional services that are trusted by organizations of all sizes. Additional information about the company, its programs and mission can be found at ciis.canon.com.

Read Full Story
Redesigned Payroll WorkCenters in PeopleSoft HCM

November 28th, 2018

Redesigned Payroll WorkCenters in PeopleSoft HCM

Utilizing Fluid UI, Payroll WorkCenters for PeopleSoft HCM have been redesigned! Payroll employees can now complete all daily payroll processing tasks from one central area with WorkCenters created by system administrators utilizing the PeopleSoft Enterprise Components Fluid WorkCenter framework. Learn more with this recent video from PeopleSoft: 

 

 

Read Full Story
Oracle OpenWorld 2018: Top 5 Technology Highlights

November 7th, 2018

Oracle OpenWorld 2018: Top 5 Technology Highlights

Team Elire packed their bags and set off for an exciting week of networking, knowledge sharing, and Oracle product updates at Oracle OpenWorld from October 22nd-25th. While in San Francisco, the Elire team was able to take advantage of all #OOW18 had to offer – including exciting keynotes, product roadmaps, product demonstrations, customer success stories, and networking with other Oracle Partners and User Group Partners!

With four days of action-packed activities and sessions, there were a LOT of exciting announcements for the future of Oracle’s Cloud and On-Premise solutions. If you missed out, don’t worry – below are the top five takeaways and announcements you need to know!

  1. Announcement – Oracle Gen2 Cloud – During Monday’s keynote, Larry Ellison announced the arrival of Oracle’s Generation 2 Cloud Platform. Previous Cloud Platforms relied on Shared computers for User Code and Cloud Control Code – meaning that the Cloud Provider can see your customer data and User Code can access Cloud Control Code, making the system vulnerable. Previous Cloud Technology was not meant to run “Mission Critical” business applications, and security was simply an afterthought. Oracle’s new Gen 2 Cloud is run on Separate Cloud Controlled Computers, meaning that Oracle cannot see Customer Data and no user can access Cloud Control Computer or Code. This updated platform has new Cloud Architecture with security built-in from Core to Edge, allows the easy move of Enterprise Workloads to Cloud, and has Oracle’s Autonomous technology to streamline and optimize day-to-day tasks, which enables superior price performance. Gen2 Cloud is an extensible Platform for SaaS applications as well, meaning you can run your open source programs and other applications on the Oracle Cloud with ease. For more information on Gen2 Cloud, watch Larry’s keynote here.
  2. Security, Security, Security with Gen2 Cloud Infrastructure Services – Another part of Larry’s first keynote included the introduction of Oracle Gen2 Cloud Infrastructure Security Services. This new security infrastructure includes key management services – creating customer control of network keys for all levels. Additionally, the Cloud Access Security Broker (CASB) automatically and continuously monitors and remediates changes and threats. CASB utilizes AI technology and machine-learning to observe your network usage patterns and recognize anomalies to identify and kill security threats immediately with minimal downtime – specifically 99.9995% availability, even under attack. A press release on the announcement can be viewed here.
  3. Analytics Data Warehouse – As a part of the closing keynote, Larry Ellison announced the new Fusion Analytics Data Warehouse, enabling extended analytics for all fusion applications. The Data Warehouse is built on Oracle Analytics Cloud and Autonomous Data Warehouse with packaged KPIs, visualizations, and dashboards. The analytics can be produced in a matter of seconds without database design, tuning, ETL, modeling, etc. Just a few clicks and your fusion data is at your fingertips!
  4. Oracle Digital Assistant Voice UI – The closing keynote also announced the new Digital Assistant Voice User Interface, allowing you to interact with your Siri and Alexa devices for transactions throughout your Fusion applications. A video of the interaction can be viewed here. 
  5. Mark Hurd’s Predictions for 2025 – Similar to the last OpenWorld, Mark Hurd included his predictions for 2025. Predictions this year were comprised of the inclusion of AI technology in ALL Cloud Apps – predicting that these apps will have AI woven into all business apps and platform services, further distancing them from legacy apps. Mark predicted that AI will power 85% of customer interactions, which would improve service levels, engagements, and allow retailers to create personalized experiences on any channel. This would infer that hotels could run 24/7 without people constantly at the front desk and for all industries to connect with their customers in new, innovative ways. He also predicted that 60% of the IT jobs that will exist in 2025 have not been created yet – including Data Professionals, Robot Supervisors, Human to Machine UX Specialists, Smart City Technology Designers, and AI Assisted Healthcare Technicians. Interested in learning more? View Mark Hurd’s keynote here.A full list of predictions can also be found here.

 

Stay tuned for more information on individual product keynotes and roadmaps!

Read Full Story
#TeamElire in the Community – Firefighters for Healing Project Joy

May 1st, 2018

#TeamElire in the Community – Firefighters for Healing Project Joy

While the holidays are usually a time of excitement and cheer, for families who have recently lost everything in a fire and individuals healing from injuries in the burn unit it can be difficult. Firefighters for Healing tries to ease that pain and worry with Project Joy, by providing gifts for children in the burn unit, and families who might not have a Christmas without their intervention. The project aims to provide hope and joy to those who have already been through so much. As one of FFFH’s Corporate Partners, Team Elire lent a hand in wrapping up dozens of toys and gifts for families in our community and children in the HCMC Burn Unit.

img_3239

 

image4

Team Elire was also invited to ride along to deliver these toys and gifts, as well as participate in the unveiling of the Firefighters for Healing Family Playroom at HCMC. The FFFH team filled the new playroom with toys, games, and medical supplies free to use for families of healing children. 

photo-dec-06-10-33-49-am photo-dec-06-10-34-09-am photo-dec-06-10-36-20-am photo-dec-06-10-52-00-am photo-dec-06-10-54-40-am photo-dec-06-10-56-22-am photo-dec-06-11-00-09-am-1 photo-dec-06-11-15-05-am   photo-dec-06-11-37-44-am  photo-dec-06-11-44-36-am

We are so proud to be a part of the Firefighters for Healing Family, and to continue to support the phenomenal work they are doing. 

Read Full Story
PeopleSoft Lease Administration and Lease Accounting Updates

April 6th, 2018

PeopleSoft Lease Administration and Lease Accounting Updates

 

As a part of the new FASB and IASB regulations for Lease Accounting, Oracle PeopleSoft has developed a four-phase release of new and updated functionality to consolidate Asset Management and Lease Administration Leases into a single data structure. Lease Administration (formerly Real Estate Management) enables users to manage the entire lease lifecycle from planning and acquisition through lease expiration. Lease payments interface to payables, receivable to billing, and accounting entries to general ledger. In a recent PeopleSoft Talk, Marc Weintraub spoke with Loida Chez, Product Strategy Director for PeopleSoft ALM to detail these phases.

Phase 1 and 2 were a foundation to deliver functionality for leasing guidance

Phase 3 and 4 have new functionality to address debits and credits, as well as consolidate leases into single data structure.

Phase 1 – Image 10 (Foundation)

  • Extended enterprise wide frameworks to Real Estate Management
  • Tighter integration with Asset Management

Phase 2 – Image 19 (Foundation)

  • Real Estate Management extended to allow for leasing of property and equipment, finance and operating

Phase 3 – Image 24 (Lessee Accounting)

  • Multi-asset leases
  • Dynamic lease classification at Asset level
  • More precise data capture of financial terms
  • Allocation of lease payments

Phase 4 – Image 27 (Migration and Transition)

  • Introduction of Asset Management’s share product functionality with Lease Administration
  • Activity Guide – Migrate Asset Management leases to common lease data structure
  • Transition to new FASB and IASB leasing guide

Shared product functionality is huge, but is not Lease Administration. The following are not included:

  • Receivables/Lessor Leases
  • Operating Expenses/CAM
  • Security Deposits
  • Clauses
  • Options & Critical Dats
  • Site Selection & Acquisition

To utilize share functionality, utilize the following information detailed in the PeopleSoft Lease Accounting overview.

This shared functionality relates to core accounting requirements for payables leases. Shared product functionality does not require a Lease Administration license. 

The first step to using the shared product functionality is migrating your AM to the Lease Administration data structure. A new Activity Guide enables you to perform all migration tasks. Select the Asset Management Lease data migration tasks from the left panel. They are divided into three phases – Initial Assessment of AM, Pre-migration Configuration, and Migration Process. Selecting the initial assessment allows you to review current assets. Since AM now shares functionality with LA, you have to configure common components including amendment types, role types, routing codes, and other configurations like Business Units. The tasks in the Pre-Migration section guide you through configuration changes required for migration. Once these are completed you are ready to migrate. 

From the migration process section, you’ll migration AM leases to the LA data structure and review leases online after migration.

The activity guide serves as point to complete transition to the new accounting guidance. 

Select “Preparing to Transition to the New Standard” to view guidance and with analytics review expected costs of operating leased assets on transition date.

Finally, you’ll update to “Transition to the new standard” to capitalize operating leases, transition leases to new accounting guidance, and transition to the corresponding straight-line schedule.

For more information on how Lease Administration or to speak with our Lease Administration team, email Practice Lead, Carlos Conde, at [email protected].

Read Full Story
Ask the Expert – Developing your Treasury IT Roadmap

March 8th, 2018

Ask the Expert – Developing your Treasury IT Roadmap

New Year, new Ask the Experts!

We connected with Elire Treasury Advisory Services Practice Lead, Cory Bratts, to discuss what obstacles organization’s usually face when tasked with a Transformation to their Treasury Operations or a new Treasury Workstation implementation. Here is what he had to say!

 

Interested in learning about Elire’s Strategic Treasury Roadmap to avoid these common obstacles? Attend our webinar, “Treasury Transformation: Plotting a Course with Elire’s Treasury Strategic Roadmap” on March 27th. 

Register here.

Read Full Story
PRESS RELEASE: Elire Inc. becomes a Certified Oracle Reseller!

March 1st, 2018

PRESS RELEASE: Elire Inc. becomes a Certified Oracle Reseller!

 

FOR IMMEDIATE RELEASE

 

Elire Inc., Oracle Gold Level, Cloud Standard Partner, becomes Certified Oracle Reseller

 

Providing additional value for long-term and new clients.

 

Minneapolis, MN March 01, 2018

 

Trusted Oracle Partner, Elire Inc., is now a certified Oracle Reseller for Oracle PeopleSoft, Cloud HCM, Cloud Financials, Infrastructure-as-a-Service (IaaS), and Platform-as-a-Service (PaaS) Services. Elire Director of Sales, John D. Scott, states, “Elire is extremely excited about being an approved Oracle Reseller. This is a great opportunity for us to offer a value-add service to our existing customer base, help oracle prospects in their software buying journey, further support Oracle Reps in their sales cycles, and expand our overall Partnership with Oracle.”   

 

Elire Business Development Manager, Geoff Engelhart, adds, “Elire is excited to expand our long-term partnership with Oracle and grow the strategic partnerships we have with our current, and future clients.  As an approved Oracle re-seller, we’ll be able to help our clients maximize their IT investments like never before” in regard to Elire’s new capabilities.

 

During Elire’s 13 years in business, the company has focused on being a Trusted Advisor and Partner to their 200+ clients. Elire’s prominent clientele are revered as leaders across a wide range of industries and verticals. The move to becoming a Reseller further solidifies Elire’s industry-leading position as a “go-to” Oracle Partner, and allows for organizations to have an experienced partner across all their Oracle needs.

 

Elire Inc.

 

Minneapolis, MN. | www.elire.com | 612.486.4220

 

 

 

Read Full Story
Join Elire in Las Vegas for COLLABORATE 18!

January 10th, 2018

Join Elire in Las Vegas for COLLABORATE 18!

Team Elire will be making the trip to beautiful Las Vegas, NV once again for COLLABORATE 18. For those who have not attended, COLLABORATE offers over 1,200 sessions from Oracle customers, development and product leads, and solution partners – including Team Elire! This year we are pleased to announce we will be presenting 11 presentations in both the PeopleSoft and Oracle Cloud product spaces. Elire Subject Matter Experts and Team Members will also be available in the exhibit hall at Booth 730 to answer your questions during all open exhibition hours and events. 

Check out our sessions: 

Session 101990 – Moving from On-Premise to Oracle Cloud: BI Reporting Best Practices
Sunday, April 22 | 3:00 PM – 4:00 PM | Reef B
Presenters: Sharon Perkins (Yum! Brands) and Sherwood Daniels (Elire)

 

Session 102030 – Accounting Standards Made Easy with PeopleSoft Lease Administration
Sunday, April 22 | 3:00 PM – 4:00 PM | Surf E
Presenters:  John Wallace (Elire)

 

Session 108480 – “Game Changer” – Life after PeopleSoft Implementation
Tuesday, April 24 | 9:45 AM – 10:45 AM | Reef B
Presenters: Janet Division (Wells Fargo Home Mortgage) and Grant Bernardy (Elire)

 

Session 106230 – When an Oracle Partner becomes the Customers. Elire’s Internal Cloud ERP Implementation Journey
Tuesday, April 24 | 9:45 AM – 10:45 AM | South Seas D
Presenter: David Alvarado (Elire)

 

Session 102050 – Reinventing AP Automation with Open Imaging Integration in PeopleSoft
Tuesday, April 24 | 11:00 AM – 12:00 PM | Surf B
Presenters: Peter Lopes (Canon Imaging Solutions) and Patrick Gahagan (Elire)

 

Session 106380 – Rewarding a Talented Global Workforce: Talent Profile and Workforce Compensation, A Yum! Case Study
Tuesday, April 24 | 11:00 AM – 12:00 PM | Reef E
Presenters: Priya Natesan (Yum! Brands), Wesley Welsh (Yum! Brands), and Aaron Bulthuis (Elire)

 

Session 102010 – PeopleSoft on Oracle Cloud: What does this mean for your PUM Strategy
Wednesday, April 25 | 9:45 AM – 10:45 AM | Surf D
Presenter: Arturo Carreno (Elire)

 

Session 102870 – Double the PeopleSoft 9.2 Upgrade Fun – Henderson, NV’s FSCM & HCM Public Sector Success Story
Wednesday, April 25 | 2:30 PM – 3:30 PM | Surf C
Presenters: Jacquie Thibault (City of Henderson) and Jeff Hilliard (Elire)

 

Session 108300 – Having Your Cake and Cash Forecasting Tool!
Wednesday, April 25 | 2:30 PM – 3:30 PM | Surf B
Presenters: Kristen Bentley (Wells Fargo Home Mortgage) and Cory Bratts (Elire)

 

 

Read Full Story
Ask the Expert – Smart View with Oracle Cloud Cash Management

December 21st, 2017

Ask the Expert – Smart View with Oracle Cloud Cash Management

Now, more than ever, Treasury Departments need the ability to access and analyze date in real-time. An addition to the Oracle Cloud Cash Management Suite – Oracle Smart View is an ad hoc analysis tool that interacts with Oracle Cloud ERP and Essbase cubes. This tool allows organizations to optimize user productivity with features such as Smart Query, Smart Slice, and drill to source functionality. On-demand cube updates through Smart View give users the capability to perform cash forecasts and determine liquidity positions daily. We asked Elire Cloud ERP Consultant, Tony Barbato, why organizations should implement Smart View with their Oracle Cloud Cash Management solution, and what it takes to have a successful implementation. Here’s what he had to say:

Interested in learning more? Attend Tony’s webinar, “Extend Cash Forecasting with Oracle Smart View” on January 16th. 

Register here.

Read Full Story