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 Oracle Revenue Management and Billing (ORMB)
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.
Introduction to the Multi-currency module in Oracle Revenue Management and Billing (ORMB)
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
An introduction to Oracle Property Manager (OPM)
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!
How does Oracle Revenue Management and Billing (ORMB) help organisations improve efficiency
ORMB not only offers businesses the flexibility to grow but also provides them with a platform to compete.
The 10 Laws of On-Premises to Cloud Migration Projects
A handy list for implementing on-prem to cloud projects for your organisation, compiled by Oracle.
Oracle Revenue Management and Billing (ORMB) in Healthcare Services
ORMB will help healthcare practitioners not only reduce the risk of revenue leakage and billing infrastructure but also optimise their customer service and profitability.
Oracle Revenue Management and Billing (ORMB)
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.
How Oracle Digital Assistant can enhance the work experience of your employees
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.
Supplier Invoice to Payments Flow
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.
The importance of CSM calculation in the IFRS 17
CSM at inception, is the difference between Premium received and the fulfilment cash flows.
Roadmap to convert data in Payroll Batch Loader to HCM Data Loader
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.
Oracle Fusion invoking BI as webservice:
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.
Workday HCM vs Oracle HCM A comparison of technical capabilities
A developer’s perspective of why Oracle HCM Cloud is popular among his cohorts when compared to Workday HCM.
IFRS 17 – INSURANCE CONTRACTS DISCLOURE REQUIREMENTS
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.
Coexistence Model: Oracle EBS Payroll Integration with HCM Cloud
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 – Insurance Contracts Level of Aggregation
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.
An Introduction to Absence Plan Carryover Feature In Oracle HCM Cloud Application
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.
Payroll Reversal Process in Oracle HCM Cloud
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.
How to solve incorrect calculation of pre-tax amount in Oracle Advanced Benefits
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.
Expedite Internal Material Transfer flow using Purchase Requisition
Using Fusion Supply Chain Material Management for internal material transfer helps meet ad-hoc inventory demand swiftly.
Fusion Tax – Regime to Rate Flow
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.
Importance of Knowledge Management in Managed Support Services
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.
Benefits of having a robust Oracle SaaS Managed Service Agreement
A well-defined Managed Service Agreement establishes clear objectives and deliverables, and helps technology partners gain their customers’ confidence.
Oracle Cloud EPM Narrative Reporting
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.
Oracle Fusion Tax: A centralised solution for global tax needs
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.
Oracle Fusion Cloud Procurement: Improving Sourcing Efficiency
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.
Azure Data Factory – Low code data driven platform in Azure Cloud
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.
How to configure Sub Ledger Accounting for Journal Description Changes
Oracle Cloud General Ledger, if configured correctly, allows accountants to identify payroll entries through meaningful descriptions in Journal Lines
Oracle Fusion Human Capital Management (HCM) for better human resources management
Applying analytics to your absenteeism data can potentially help your organisation save thousands, if not millions of dollars.
All you need to know about IFRS 17
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.