Financials


Last year, I posted an article about a tool I’ve created that that makes it easier for JD Edwards users to balance their general ledger (GL) against perpetual inventory. Since then, I’ve received a flood of suggestions for enhancements to make this tool (known here at Andrews Consulting Group as RapidReconciler) even more effective. I’m happy to announce that we’re shipping a new release of RapidReconciler in April that includes many of these suggestions. In fact, we’re going to unveil the new release at COLLABORATE 08 in Denver.

I’ll say more about what we’re doing at Collaborate in a minute. But first, let me give you a sneak preview of the enhancements we’re going to demonstrate there.

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If you run EnterpriseOne and are finding that your pre-payroll processing runs are coming up with incorrect figures, you are not alone. Our consultants have noticed that a number of EnterpriseOne shops are having similar problems with their pre-payroll runs. The errors do not seem to be restricted to any particular server or software platform, as some of the afflicted sites run on Intel systems and Microsoft’s SQL Server while others run on IBM’s System i and DB2.

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A few weeks ago, I posted an article about a tool I’ve created that makes it easier for EnterpriseOne and World users to balance their general ledger (GL) against perpetual inventory. I also posted a screen shot of the solution, which all of us at Andrews Consulting Group call RapidReconciler. The problem is, that screen shot is now obsolete! I’ve just completed work on a new interface for RapidReconciler that is much easier to use. Today, I’m going to share parts of that interface with you. I welcome any questions or feedback you might have about what I’ve done.

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rapidreconciler-fig-5.jpgAt the end of every month, the blood pressure of thousands of JD Edwards professionals rises several points. Why? Many times, it’s because their CFOs are pounding the table asking why they can’t balance their general ledger (GL) against perpetual inventory.

Several years ago, I looked at the inventory reconciliation headache and started asking questions. Why does a process that should take a few days end up taking several weeks? And why are the integrity reports in World and EnterpriseOne so inadequate to the task? Those questions led me to develop a solution to the problem. I’m going to talk about that solution at Collaborate ’07. If you’re going, I invite you to see me. I’ll be presenting on Thursday at 9:45AM at Session 23770. I’ll also be at the Andrews Consulting Group/GSI Booth 718 in the exhibit hall if you want to talk.

If you are not going to Collaborate, keep reading. I’ll give you a high-level overview of the solution.

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Ho hum…Earlier this month, Oracle spent another $3.3 billion buying a major software vendor. This time it was Hyperion, the leading provider of software for financial consolidation, budgeting, and planning. Those of us who thought Oracle’ acquisition appetite might be satisfied for now were wrong again. A pattern seems to have formed – Oracle makes a major acquisition each winter and fills in with smaller ones in the warmer seasons.

While the Hyperion deal is obviously a big deal for Oracle, the near term relevance to JD Edwards customers appears to be limited. As another clue to the puzzle that is Oracle’s applications and business intelligence (BI) strategy, however, this plot twist is worth examining.

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