It is commonplace for JDE customers to use only a fraction of available capability – sometimes because specific features do not fit the needs of a particular user. More often, a capability is not used because it is not understood or is hard to implement. This seems to be the case with the imbedded finance, sales and manufacturing dashboards that EnterpriseOne began offering with release 8.11 SP1 as part of the Financial Management Compliance Console (FMCC).
Our experience indicates that relatively few JDE E1 customers at or beyond 8.11 have tried them. In some cases there is no perceived need. Others have not found the time to evaluate and install them. Most often, there is little understanding of what they are and the pros and cons of making use of them. Hopefully, the information provided below will motivate some of you to at least consider them.
There are two dashboards/consoles provided in the FMCC – Financial Management Dashboard (FMD) and Plant Manager Dashboards (PMD). In the FMD, there are 48 metrics grouped into 8 groups – Profitability Management, Activity Ratio, Accounts Payable Activity, AR & Collection Activity, Leverage & Liquidity Ratios, Profitability Ratios, Profits (Actual vs Planned) and Revenue Management. In the PMD, there are 23 metrics grouped into 6 groups – Cash & Capital Management, Customer Shipment Performance, Inventory Management Effectiveness, Manufacturing Performance, Revenue Management and Supplier Performance. Additional metrics and groups may be created by customers.
In addition to the dashboards, FMCC provides Corporate Governance which includes a segregation of duty (SOD) capability. SOD enables organization to comply with financial management mandates and standards specified by the company or by a governing body to protect against fraud.
FMCC also provides a useful but poorly named feature called whistleblower. Don’t worry, it is not a way for disgruntled employees to rat on their bosses. It is simply an email alert capability. By clicking a link on the console summary page in the FMCC a notification message is sent to the individuals set up in the Whistle Blower Recipient List about a specific issue.
EnterpriseOne FMCC is a financial analytics system that is based on the JD Edwards EnterpriseOne toolset. EnterpriseOne FMCC system does not require additional or third-party toolsets to install or support the functionality. Batch programs are used to populate data from existing operational tables into a set of aggregate tables. The system then moves the data to a target data structure optimized for reporting and analytics—the Star Schema.
The console reads the data in the Star Schema and displays information in the console. FMCC minimizes the work needed to build metrics. Technical users can use various components of the console, including applications for presenting the user interface (UI), charting, data caching, and application program interfaces (APIs),as templates for new metrics. The EnterpriseOne FMCC provides an intuitive, multi-layered interface to assist with managing exceptions, determining exception causes and allows you to take appropriate action.
As with any reporting capability imbedded within an ERP system, FMCC has a number of limitations that include:
- The amount of time and expertise needed to set them up.
- A relatively long learning curve and the need for training.
- A very limited and awkward drill down capability
- A JDE seat license is required to access them that can add to cost.
In spite of these limitations, these dashboards can be quite useful if:
- Set up by a knowledgeable person
- Users are trained and shown how to use them
- Expectations are realistic
- Data validation is performed
The imbedded dashboards were never intended by Oracle to take the place of a full function BI solution and they don’t. While there is no cost to get the software itself if the appropriate release is being implemented, there are significant indirect costs to make them operational. If used effectively, they can be well worth the effort and cost needed to get them working and can be a sound first step to developing a complete Enterprise Performance Management System.
This posting was contributed by Bobby Miravite, a CPA with 18 years of JD Edwards finance experience. Bobby has assisted numerous clients with JDE software implementation, support and in the installation and use of the EnterpriseOne Financial Management & Compliance Console. He can be contacted directly with questions at rmiravite@andrewscg.com.
May 16, 2010 at 9:08 pm
Another issue that you must stay on top of is price fluctuations from the bookmaker. The prices for placing bets do not just change with different bookies but even with the same. You cannot take it for granted that the prices that are quoted in print like the Racing Post will be valid at the time of the event. With sports betting things can change very rapidly so be sure that the price will be honored before placing your bet otherwise this can seriously affect the outcome of your arbitrage sports betting.
Everyone who is involved in any kind of gaming, gambling, or betting as heard the stories of legendary people who have supposedly created the next foolproof betting system and have used the system themselves to help them to avoid losing and get higher profits over the long haul. The fact is that there is not a system in existence that can guarantee you that you will definitely be successful and never lose.
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It appears that the United States legal system is closer than ever before to cutting off ties with any type of online gambling within its boundaries. This includes poker, casinos, and sports betting among others. Generally speaking, anything that has to do with transmitting money via the internet as far as gambling is concerned is being cracked down on quite harshly.
The most commonly occurring reason I have found for people consistently losing money at sports betting is that they have no “game plan”. The most essential elements of a good game plan for betting purposes are a valid, proven Selection System and a proper Staking Plan. The Staking Plan alone won’t cut it; first and foremost you must employ a worthwhile Selection System.
July 12, 2010 at 2:44 pm
hey im just wondering what everyone uses as there betting exchange, im looking at signing up with betfair can

anyone comment if they are ok and if anyone is better cheers.
Also what about online poker, who are better party poker, full tilt or pokerstars thanks.
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December 20, 2012 at 10:06 am
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