Using ORMB to increase automation, transparency, controls, accuracy, and flexibility in asset management companies
If your fee is a legitimate amount that is meant to be charged for services rendered, then you ought to be able to see that with full breakdown, share with both your client and your compliance teams. In this scenario, ORMB is an asset—it allows us to add automation and give efficiency whilst increasing transparency in how the fee charges are calculated.
Delinquency Control Management through ORMB can help companies overcome the losses due to late payments, thereby averting the risks that are associated with these accounts and increasing the percentage of profits including the operational ones that are acquired from these.
Oracle revenue management and billing allows you to change the currency in which an account is invoiced. While the charges on a bill must be in a single currency, accounts can now be billed in different currencies over time
Typically, for an organisation established in various countries, having its assets leased, maintaining the information of leased assets, and accounting for those leased assets might seem like a Herculean task. This is where Oracle Property Manager steps in!
ORMB not only offers businesses the flexibility to grow but also provides them with a platform to compete.
A handy list for implementing on-prem to cloud projects for your organisation, compiled by Oracle.
ORMB will help healthcare practitioners not only reduce the risk of revenue leakage and billing infrastructure but also optimise their customer service and profitability.
Insurance companies can no longer follow a one-size-fits-all pricing for its customers. In order to survive and grow exponentially. ORMB helps insurers adopt dynamic pricing strategies that revolve around the customers’ buying patterns.
Oracle Digital Assistant (ODA) is considered as the strongest bot platform for ERP, SCM, and customer service automation; it also maintains a pool of information for data analysis and customer behaviour prediction.
Oracle Fusion Payables Cloud Service offers an integrated solution that will help you track and coordinate supplier invoices across the organisation and also allow you to approve them on the go.
CSM at inception, is the difference between Premium received and the fulfilment cash flows.
Since long, Oracle has been emphasising on consolidating its the bulk loading capabilities; hence the move to migrate from PBL to HDL. Oracle has given sufficient time to existing customers to switch to HCM Data Loader (HDL) from PBL.
This feature can be used to extract data from Cloud applications for further analysis and for importing into external systems via XML, EXCEL, CSV, or other file types.
A developer’s perspective of why Oracle HCM Cloud is popular among his cohorts when compared to Workday HCM.
IFRS 17 is expected to significantly impact the presentation and disclosures included in the financial statements of insurers. Fusion Practices’ solution uses Oracle cloud to help insurers combine their financial data from General Ledger and non-financial data, validate and reconcile them for a better analysis and accurate reporting.
Businesses can easily integrate HCM Cloud with an existing E-Business Suite payroll implementation using the ready-made adapter: EBS Payroll Integration with HCM Cloud.
IFRS 17 will transform the quality of reporting, make the insurance sector more ‘investible’ and improve communication between insurers and their investors. The level of aggregation required is not a challenge but an opportunity for clear and transparent accounting.
In Oracle HCM Cloud Absence Management there is a concept of carryover, applicable for accrual plans. Carryover in its simplest terms can be described as the accrual value which can be carried forward (taken ahead) to the next plan term.
Microsoft Azure Purview – Is it the unified data governance solution that is best for your organisation?
At Fusion Practices we have been helping organisations adopt Azure Purview that offers a holistic map of data across their landscape along with the lineage showing publishing and consumption.
Oracle HCM Cloud enables you to not only run a payroll, conduct post-processing on a successful payroll but also rectify incomplete and erroneous entries using its reversal function.
In some calendar years, the total number of periods (bi-weekly or weekly) vary based on the holiday coming on the last or first day of the year. Due to this, the payment date in Oracle Cloud Payroll is shifted to next year, and subsequently, the configuration changes in the benefit deduction also vary – which causes problems in employees’ paycheck.
Using Fusion Supply Chain Material Management for internal material transfer helps meet ad-hoc inventory demand swiftly.
Oracle Fusion Tax provides you with a single interface for defining and maintaining the taxes that you are subject to in each country where you do business.
It is challenging to provide service quality as well as quantity in IT support services without a robust knowledge base, essential to solving requests and recurring system issues that can rack up huge costs over time.
A well-defined Managed Service Agreement establishes clear objectives and deliverables, and helps technology partners gain their customers’ confidence.
Reporting processes play a vital role in unfolding and combining the business objectives with stakeholder requirements. With the right technology partners and Oracle’s Narrative Reporting, management information, disclosures, and regulatory submissions can be produced from one place.
Looking for a single point solution that supports simple and complex country-specific tax requirements? Oracle Fusion Tax may just be the solution that suits your needs.
Disruptions such as the COVID 19 pandemic have compelled businesses to relook at their procurement process. A resilient and robust supplier management system is the need of the hour. Oracle Cloud Fusion Procurement streamlines and automates the procurement process and helps businesses optimise productivity.
In Microsoft Azure, Data Hub is one of ETL based low code development applications used for data driven workflows in the cloud for orchestrating and automating data movement and data transformation.
Oracle Cloud General Ledger, if configured correctly, allows accountants to identify payroll entries through meaningful descriptions in Journal Lines
Applying analytics to your absenteeism data can potentially help your organisation save thousands, if not millions of dollars.
International Accounting Standards Board (IASB) which has been around for a few years (since 01 April 2001) has set to replace International Financial Reporting Standard 4 more commonly referred to as IFRS 4 with IFRS 17.