January 24th, 2019

Cloud ERP Updates: Oracle Partner Cast

Oracle hosted an Oracle Partner Network (OPN) webcast yesterday with some exciting updates to Oracle Cloud ERP and EPM.

Market Highlights include:

• ERP SaaS market will reach $23.8 Billion in 2018 for 17% CAGR since 2013 (IDC); ERP includes accounting & finance, procurement, supply chain, and HR
• Accounting and Finance was ~25% of the ERP market in 2016 (BCC Research)
• Procurement Market (full Source-to-Pay) is growing rapidly with total revenues of $7.9 Billion in 2017 for 13% CAGR (Forrester)
• Mid-size companies are expected to make up the majority of cloud customers
• Oracle has around 10,000 E-Business Suite customers, of wich over half are mid-size
• Organizations are reducing their TCO by over 50% and increasing their ROI by 3.2 when moving to Oracle Cloud

Industry Trends & Challenges you should know:

• 81% say staying current on technology is a top benefit of ERP Cloud (ERP Trends)
• Average age of ERP systems nearing 20 years (ERP Trends)
• Average lifespan of an ERP system is from 10-20 years (e2bteknologies)
• ERP performing more routine, core processing typically done in Excel (CIO.com)
• Compliance with SOX, GDPR, etc. becoming more critical for ERP (CIO.com)

Oracle Cloud ERP Benefits:

• Simultaneously access real-time financial data & automate processes
• Improve cash inflows and manage cash positions across the enterprise
• Reduce transaction processing costs, data entry errors, and delays
• Comply with global accounting standards, legislative, & industry requirements
• Modernize, simplify, and accelerate project planning and execution
• Improve collaboration and productivity among project teams and managers
• Realize maximum savings and simplify purchasing with self-service procurement
• Standardize and streamline sourcing negotiations and contract creation
• Ensure contract compliance by monitoring for standard language deviations

Want an introduction to Oracle Cloud ERP? Join our next webinar, “Streamline & Simplify: An Intro to Oracle Cloud Financials” on February 19th. Register Here.

Industry Knowledge, Uncategorized accounting, Cloud EPM, Cloud ERP, ERP, ERP Market, Finance, Industry Update, Oracle Cloud, Oracle Cloud EPM, Oracle Cloud ERP, Oracle Cloud Financials, procurement

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November 15th, 2018

Industry Update: Elire Recognized as Oracle Cloud Excellence Implementer for Cloud Applications!

 

Oracle’s Cloud Excellence Implementer (CEI) Program is focused on driving customer success with Oracle Software as a Service (SaaS) products by identifying, recognizing, and differentiating highly qualified consulting firms that continue to demonstration successful implementations, expertise, and superior customer satisfaction with Oracle Cloud. Elire Inc. earned this status by delivering multiple Cloud Implementations successfully across various industries and customers, as well as maintaining a fully-certified team of Cloud Implementation Specialists. Elire has long held a Gold or Platinum designation within the Oracle Partner Network, and is widely recognized as an industry leader for Cloud and PeopleSoft Implementations and Upgrades. 

Value For Customers

CEI enables Oracle’s customers to have an objective view of highly qualified consulting firms in the marketplace to drive their success with Cloud Applications. The CEI program allows Oracle to better identify and engage implementation firms that best align to specific needs to maximize the customer’s potential to experience a successful Implementation and realize the full potential of their Oracle Cloud Solution.

For more information on the CEI program, visit here. 

About Elire Inc.

Established in 2005, Elire is a Minneapolis based full-service consulting firm with 13+ years of experience in successfully completing projects for our customers. 

We help our clients achieve success by efficiently implementing, integrating, and upgrading their software investments. In addition, we also provide strategic guidance and support to assist with a wide variety of business process improvements, and specialize in helping our clients unlock the full potential of their software investments. Learn More about Elire’s Cloud Expertise here. 

About Oracle

Emerging technologies are disrupting old paradigms and unleashing new opportunities. Oracle has embedded innovative technologies in every aspect of our cloud, enabling companies to reimagine their businesses, processes, and experiences.

With the introduction of Oracle Autonomous Database, the industry’s only self-driving, self-securing, and self-repairing database, Oracle is again revolutionizing how data is managed. Oracle is the #1 provider of business software, with a broad portfolio of solutions for companies of all sizes. Today, 430,000 customers in 175 countries use Oracle technologies to seize business opportunities and solve real, tangible challenges.

Industry Knowledge #peoplesoft, CEI, Cloud ERP, Cloud Excellence Implementer, Cloud HCM, Cloud Implementation Partner, Cloud Transformation, Implementation Partner, Oracle Cloud, Oracle Cloud Excellence Implementer, Oracle Gold Partner, Oracle Platinum Partner

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April 27th, 2018

RECAP: COLLABORATE 18 in Las Vegas!

Thank you to all who joined us in Las Vegas for COLLABORATE 18! We always love connecting with our clients, the Quest International Users Group and OAUG Communities, and other PeopleSoft Experts!

Elire was honored to present ten sessions on Oracle Cloud, Lease Administration, Peoplesoft 9.2 Upgrades, AP Automation, PeopleSoft on Oracle Cloud, and Treasury! For a complete list of our sessions, click here. 

Aside from Sessions, the Elire team exhibited at Booth #730 to answer questions and connect users with our Subject Matter Experts. 

If you missed us at the booth or would like to set up a follow up, contact [email protected]

We look forward to seeing everyone at COLLABORATE 19 in San Antonio, TX!

Conference #peoplesoft, Accounts Payable, AP Automation, BI Reporting, C18LV, Cloud, Cloud ERP, Cloud HCM, Cloud Reporting, COLLABORATE, conference, Las Vegas, Lease Administration

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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

 

 

 

Industry Knowledge, Uncategorized #peoplesoft, Cloud ERP, Cloud HCM, Enterprise Resource Planning, ERP, IaaS, Infrastructure, Oracle Implementation Parnter, Oracle On-Premise, Oracle Partner, Oracle Reseller, PaaS, Platform

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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.

Industry Knowledge, Uncategorized Cloud Cash management, Cloud ERP, ERP, Financials, Oracle Cloud, Oracle Cloud ERP, Oracle Smart Slice, Oracle Smart View, Smart View

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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. 

 

 

 

Webinar Addenda Parse, Bank Reconciliation, Cloud, Cloud ERP, Cloud Treasury, Oracle Cloud, Oracle Cloud Cash Management, Oracle Cloud ERP, TMS, Treasury, Treasury Management System

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January 23rd, 2017

Elire at Oracle CloudWorld 2017!

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 Marketplace

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.

The Competition

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. 

The Customers

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
• Celebrate milestones
• 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

For more information on Oracle CloudWorld 2017, check out the event website: https://go.oracle.com/cloudworldnewyork

Interested in a demo or more information on the Oracle Cloud suite of applications? Email [email protected] to set up a time to speak with our experts. 

 

Conference, Industry Knowledge #oracle, Cloud, Cloud ERP, Cloud HCM, Oracle CloudWorld

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