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https://killexams.com/exam_list/OracleKillexams : Oracle, fear and loathing
With Oracle CloudWorld in Las Vegas kicking off, the on-going battle with third party support provider Rimini Street is once again making the news. On October 10th Oracle said it had informed the court that it is prepared to proceed with a bench trial “because it is the most efficient path to ending Rimini’s illegal conduct, including its longstanding and continuing violations of Oracle’s copyrights.”
Oracle offers three support stages for its enterprise software, tools and databases: Premier Support, Extended Support, and Sustaining Support. In Oracle’s words, these “deliver maximum value by providing you with rights to major product releases so you can take full advantage of technology and product enhancements.”
Premier Support provides a standard five-year support policy for Oracle Technology products; Extended Support provides for an additional three years, and Sustaining Support is indefinite technical support.
In its Magic Quadrant report for cloud database management products, Gartner warned that Oracle’s on-premises products are often perceived to be expensive and difficult to manage, and customers continue to raise concerns about contract negotiations. In fact, Oracle recently increased maintenance charge from 5% to 8% of the original contract value.
Fixes, updates, and critical patch updates created during Premier Support and Extended Support are the only fixes available when the product reaches Sustaining Support. One needs to question why people continue to buy support, if the only patches they are entitled to are the ones that have already been published.
The challenge for many IT leaders is that while they may wish to continue running Oracle, especially if it is part of a core system of record, such as the Oracle relational database, they are being encouraged, or worse, coerced, into upgrading. One of the big benefits of third-party support contracts is that they separate software from maintenance and support.
But Oracle contracts stipulate that technical support may not be discontinued for a single program module within a custom application bundle. In effect, buying the best Oracle deal bundle will mean the customer remains tied in to paying full maintenance fees on all products in that bundle, even if some are replaced with non-Oracle products or third party support is used.
While Oracle claims Rimini downloaded its IP illegally, customers paying Oracle for maintenance have every right to obtain fixes, patches and documentation, so long as these things remain on their own systems. What Oracle’s latest actions show is that it remains deadly serious about putting the knife into third party maintenance and support.
Wed, 12 Oct 2022 23:23:00 -0500entext/htmlhttps://www.computerweekly.com/blog/Cliff-Sarans-Enterprise-blog/Oracle-fear-and-loathingKillexams : Implementation partners get strategic — so should CIOs’ use of them
As transformational IT has increasingly become a business imperative, implementation partners have been looking to strengthen their value proposition for their customers. To differentiate themselves from transactional service providers, the more proactive partners are evolving their offerings and approaches, thereby becoming more strategic than they had been in the past.
While IT leaders can maximize the opportunity arising out of this shift by leveraging the partners’ strategies and advanced capabilities, it’s important for them to maintain focus on the risks. Here’s a look at how implementation providers are evolving and how CIOs should approach partnering with them for mutual success.
Shifting to a transformation approach
There is a perceptible change in the way implementation partners are now approaching their clients as compared to earlier, and it is all about becoming a strategic partner for transformational change.
“A partner now enters an account with a broader area of engagement in mind. The discussions may be around a specific project with a CIO, such as implementing a typical solution like Oracle or SAP ERP, but the partner’s core agenda is to bring about an extensive and comprehensive transformation of the client’s IT infrastructure,” says Harnath Babu, CIO at KPMG.
“As the project progresses, the partner discusses the CIO’s pain points and what could alleviate them. This could invariably lead to the partner’s scope getting expanded into, but not limited to, managing emerging technologies, enhancing cost and operational efficiencies, bringing about automation, application development, or improving the system of records,” he says. “Implementation partners are clearly moving from the earlier point approach to a transformation approach.”
Sharing an example of this as it unfolded at KPMG, Babu says, “We engaged with a system integrator to help us with L1/L2 support. In a short time, we scaled it to L3. We found that we could also leverage the partner for managing our infrastructure. Next, we asked the partner to help us with POD development as it was a big challenge to find skilled resources,” says Babu. “So, what started as an L1/L2 service engagement, eventually led to infrastructure management and resource augmentation.”
The POD, or product oriented delivery, is a software development model that entails building small, self-sufficient cross-functional teams that take care of specific requirements or tasks for a project.
Takeaways for CIOs from this trend: Leveraging one partner instead of many frees up CIOs and their teams from more boilerplate deployments, allowing them to focus on what is core to the business. “An implementation partner looks at the total value generated from an account. Therefore, if a CIO gives value to the partner, the latter will reciprocate. This will give CIOs the confidence of having a strong partner behind them. There can then be a project director to manage the project on a day-to-day basis and the CIO can intervene only when there is budget or strategy involved,” says Babu.
Building Centers of Excellence
With the aim of adding value to their customers, implementation partners are increasingly realizing the importance of building technological expertise.
“To keep pace with the market and stay relevant, implementation partners are building on human capital and expertise. For instance, most partners lacked competency in cloud as there wasn’t much requirement related to it in the past. However, as cloud is gaining a strong traction, they have also upped the ante,” says Subramanya C, global CTO at business process management company Sagility (formerly HGS Healthcare).
So, when Subramanya decided to move the company’s SAP, SharePoint portal, intranet, and other applications to the cloud, he roped in a partner who had a Center of Excellence on cloud and 12 to 15 subject matter experts (SME) on the technology.
“Partners with such capabilities were not seen in the past,” he says. “More than 100 servers had to be migrated in a few weeks. Immense planning, resources, and mitigation of risk were involved in the project. However, the partner’s strong technical expertise, which formed the basis of the center of excellence, made sure that the project got completed smoothly and as per the scheduled plan,” says Subramanya.
Takeaways for CIOs from this trend: Although implementation partners can provide deeper expertise than they could in the past, IT leaders should not be complacent when enlisting it. “For complex projects, like ours, strong governance is required from the enterprise technology leader’s end,” Subramanya says. “IT leaders can outsource a task or an activity to a partner and their SME, but they can’t outsource their responsibilities. Therefore, we ensured a strong governance framework was in place while implementing this project. We also had our own SME working in close collaboration with the partner’s experts.”
Collaborating with other partners
The evolution of technology, driven by modernization of applications and services, is catalyzing collaboration among system integrators.
As Archie Jackson, head of special initiatives, IT, and security at digital transformation company Incedo says, “I have seen system integrators coming together to offer solutions, a trend that wasn’t visible in the past. Today, products don’t work in silos. One product has multiple linkages with other products, and it orchestrates and expands into other areas. For instance, a security solution today is not limited only to the network. It is connected to end point and applications, too. Therefore, one project could spill over to another. A partner, however, may not have the expertise or the bandwidth to execute everything, which leads to collaboration with other partners.”
Incedo was in talks with a partner some time back for implementing managed links for connectivity. The end-to-end managed service would have offered remote connectivity to access corporate network from anywhere in the world.
“During the conversations, the partner suggested he could bring another implementation partner to enhance the cybersecurity of the links. It came across as a logical fit because the links had to be secure, but I had not seen a partner collaborating with another one like this in the past,” says Jackson. Takeaways for CIOs from this trend: One implementation partner bringing another partner may help a CIO, but it could also increase the cost of the project. “This is a good option only if a CIO wants to build capability. The primary partner will build his margin into the project for which he is getting the second partner, thereby increasing the cost for the CIO. If CIOs have the capacity to architect a solution more efficiently, they should do so in-house,” says Jackson.
Tue, 04 Oct 2022 23:52:00 -0500Author: Yashvendra Singhen-UStext/htmlhttps://www.cio.com/article/408427/implementation-partners-get-strategic-so-should-cios-use-of-them.htmlKillexams : VA will halt Oracle-Cerner implementation until patient safety concerns are addressed
The Veterans Health Administration's rollout of its Oracle-Cerner EHR system will not continue until patient safety concerns are addressed, according to Sept. 26 reporting in FedScoop.
VA Secretary Denis McDonough confirmed the news Sept. 26, responding to questions at an event hosted by the Defense Writers Group. Mr. McDonough confirmed that the VA is working through an implementation checklist with each hospital setting up the new EHR system.
The rollout was paused in June after a federal watchdog alleged that a flaw in Cerner's system caused harm to 148 veterans at Spokane, Wash.-based Mann-Grandstaff Medical Center.
"I think we've been clear that we have to be confident that these risks to patient safety are addressed before we go live. So we're not just focused on the passage of time between now and next year; we're focused on improving the system," Mr. McDonough said.
Becker's has reached out to Cerner and will update this report if more information becomes available.
Mon, 26 Sep 2022 09:20:00 -0500en-gbtext/htmlhttps://www.beckershospitalreview.com/ehrs/va-will-halt-oracle-cerner-implementation-until-patient-safety-concerns-are-addressed.htmlKillexams : Perficient to Demonstrate Multi-Pillar Oracle Expertise at Oracle CloudWorld 2022
ST. LOUIS--(BUSINESS WIRE)--Oct 17, 2022--
Perficient, Inc. (Nasdaq: PRFT) (“Perficient”), the leading global digital consultancy transforming the world’s largest enterprises and biggest brands, today announced it will showcase its Oracle Analytics Cloud (OAC) and Oracle Cloud Infrastructure (OCI) expertise in a breakout session during Oracle CloudWorld 2022, taking place October 17-20 in Las Vegas.
In order to remain agile and maintain visibility into business systems, enterprises must standardize their processes and establish governance and accountancy controls. For more than 20 years, Perficient and Oracle have partnered to help clients institute efficiencies across the organization while empowering them to regain accessibility and authority of their information.
“As an organization’s data grows exponentially, business leaders need powerful analytics and visualization techniques to help them better leverage that data,” said Joseph Klewicki, general manager in Perficient’s Oracle practice. “By deploying the right strategy and business intelligence integration, decision makers can have more accurate and timely data available at their fingertips. We are excited to share our expertise and showcase the power of Oracle Cloud at CloudWorld 2022.”
Hear How Perficient Leveraged Hybrid Oracle Cloud to Achieve Cross-Platform Migration
Perficient and a multi-national hospitality group will deliver a breakout presentation at Oracle CloudWorld 2022 about how they implemented a cross-platform migration of three critical financial systems to Oracle Cloud. Representatives from the two organizations will discuss how they leveraged the organization’s existing Oracle applications and modernized its business intelligence platform with OAC and OCI.
Meet with Perficient’s Oracle Experts at Oracle CloudWorld 2022
“Decision makers from a cross section of industries will convene at Oracle CloudWorld to learn how they can utilize digital technologies and cloud capabilities to meet their needs,” said Santhosh Nair, vice president, Perficient. “We are eager to gather with the Oracle global community to meet with business leaders to share how our expertise with Oracle platforms can solve problems and transform their business.”
Perficient has two decades’ of experience successfully deploying more than 3,000 client implementations using Oracle technology. With 15 Oracle specializations, an education center in Houston, and integrated IP assets, Perficient has delivered strategy and implementation for on-premises, cloud, and hybrid solutions to meet unique business needs.
Perficient is the leading global digital consultancy. We imagine, create, engineer, and run digital transformation solutions that help our clients exceed customers’ expectations, outpace competition, and grow their business. With unparalleled strategy, creative, and technology capabilities, we bring big thinking and innovative ideas, along with a practical approach to help the world’s largest enterprises and biggest brands succeed. Traded on the Nasdaq Global Select Market, Perficient is a member of the Russell 2000 index and the S&P SmallCap 600 index. For more information, visit www.perficient.com.
Safe Harbor Statement
Some of the statements contained in this news release that are not purely historical statements discuss future expectations or state other forward-looking information related to financial results and business outlook for 2022. Those statements are subject to known and unknown risks, uncertainties, and other factors that could cause the genuine results to differ materially from those contemplated by the statements. The forward-looking information is based on management’s current intent, belief, expectations, estimates, and projections regarding our company and our industry. You should be aware that those statements only reflect our predictions. genuine events or results may differ substantially. Important factors that could cause our genuine results to be materially different from the forward-looking statements include (but are not limited to) those disclosed under the heading “Risk Factors” in our annual report on Form 10-K for the year ended December 31, 2021.
Mon, 17 Oct 2022 01:47:00 -0500entext/htmlhttps://www.joplinglobe.com/region/national_business/perficient-to-demonstrate-multi-pillar-oracle-expertise-at-oracle-cloudworld-2022/article_7044144b-1c5f-5d3f-bad6-323ebf89aba6.htmlKillexams : SEC fines Oracle $23 million, says the company bribed foreign officials for business
A sign is posted in front of Oracle headquarters on December 09, 2021 in Redwood Shores, California.
Justin Sullivan | Getty Images
Oracle has settled with the Securities and Exchange Commission after it was charged with violating the Foreign Corrupt Practices Act for a second time, the SEC announced Tuesday.
The SEC said Oracle violated provisions of the act between 2016 and 2019 when its subsidiaries in India, Turkey and the United Arab Emirates created slush funds used to bribe foreign officials. Oracle's subsidiaries also used the funds to pay foreign officials to attend technology conferences, according to the SEC.
The company did not admit to or deny the SEC's findings, and it will pay more than $23 million to settle the charges.
"The conduct outlined by the SEC is contrary to our core values and clear policies, and if we identify such behavior, we will take appropriate action," said Oracle corporate communications vice president Michael Egbert.
The company also settled charges in 2012 after Oracle India created millions of dollars of side funds, the SEC said.
Charles Cain, the SEC's FCPA unit chief, said in the release that the charges highlight a need for "effective internal accounting controls" at Oracle.
"The creation of off-book slush funds inherently gives rise to the risk those funds will be used improperly, which is exactly what happened here at Oracle's Turkey, UAE, and India subsidiaries," he said.
Tue, 27 Sep 2022 02:13:00 -0500entext/htmlhttps://www.cnbc.com/2022/09/27/sec-fines-oracle-23-million-alleging-the-company-bribed-foreign-officials.htmlKillexams : CodeLogic to Share API Endpoint Governance Solution at JavaOne at Oracle CloudWorld
CodeLogic addresses New York Department of Financial Services proposal for expanded API inventory requirements with Continuous Software Intelligence platform
LAS VEGAS, Oct. 17, 2022 /PRNewswire/ -- JavaOne at Oracle CloudWorld, Booth #511 -- CodeLogic, the Continuous Software Intelligence company, will demonstrate how its platform can fully automate and continuously maintain a complete and accurate inventory of APIs in light of the recently proposed amendment to cybersecurity regulations in New York. JavaOne at Oracle CloudWorld takes place Oct. 17-20, 2022 in Las Vegas. CodeLogic will share its endpoint governance capabilities in booth 511.
The amendment, proposed by the New York Department of Financial Services (NYDFS), would enhance the requirements of the 2017 Cybersecurity Regulation (23 NYCRR Part 500). If passed, most financial institutions doing business in New York state will be required to regularly identify and manage all APIs and cloud services, in addition to many other advanced cybersecurity practices.
"As we look at the massive cost of cybersecurity attacks, endpoint governance should be at the forefront of every company's priority list," said Brian Pierce, CEO at CodeLogic. "We look forward to sharing how companies can automate and simplify their API inventory process at the push of a button. With a new regulation pending, there is no better time than now to ensure endpoints are covered."
CodeLogic's CSI platform offers a far-reaching, up-to-date, and highly granular view of complex enterprise-scale software structures. With multiple groundbreaking scanning techniques, CodeLogic can see deeply into binaries (interpreted byte code or executable binaries), database interactions, and schemas. The platform also performs runtime scans of test and/or operating environments—providing unparalleled depth into system dependencies and code-level interactions. Ultimately, with CodeLogic, companies receive full visibility into each API, allowing them to regularly and automatically manage endpoint governance.
NY DFS Cybersecurity Amendment
The proposed amendment to Cybersecurity Regulation 23 NYCRR Part 500 would significantly expand the requirements that covered entities need to follow. In particular, all covered entities would need to develop procedures for ensuring an accurate inventory of all IT assets – not just including hardware and software, but also operating systems, APIs, and cloud services – with requirements for each asset around the information that needs to be collected.
Including APIs and cloud services in this amendment reflects the heightened risk surrounding these technical innovations. The extension of the regulatory regime to cover inventorying of technical infrastructure, especially applications, operating systems, APIs and cloud services, is a significant new step.
To learn more about CodeLogic's endpoint governance capabilities please stop by JavaOne booth 511 for a full demonstration.
CodeLogic provides Continuous Software Intelligence for understanding the totality of software structures, from API and code to data. It delivers technology leaders and software developers insights into the true state and complexity of growing software systems and the impact of change that hinders innovation and causes failure. Unlike static and application-level analysis tools, CodeLogic is the first and only searchable system of record that combines binary and runtime scans for code and database dependencies on a dynamic, real-time basis. With CodeLogic, technical leads can predictably understand and inform rewrite/refactor decisions knowing the impact of every code change so builds never break. For more information, visit www.codelogic.com.
Mon, 17 Oct 2022 02:01:00 -0500en-UStext/htmlhttps://www.yahoo.com/now/codelogic-share-api-endpoint-governance-140100267.htmlKillexams : Deloitte Launches Oracle MyCloud ERP Offering for Fast Growth and Private Companies
Offering helps organizations with accelerated, risk averse transformations by providing access to Oracle products, implement and support for a predictable monthly fee
NEW YORK, Oct. 10, 2022 /PRNewswire/ -- Deloitte today announced the launch of its Oracle MyCloud ERP offering that can help fast growth and private clients accelerate business transformation enabled by Oracle's modern integrated SaaS Cloud platform. Backed by Deloitte's proprietary industry accelerators and methodologies, the offering helps organizations to get up and running quickly on an Oracle Cloud platform while eliminating the barriers of talent constraints and high upfront costs, which are often associated with ERP implementations. The bundled subscription offering allows organizations to access Oracle Cloud products as well as Deloitte implementation and support services for a consistent monthly fee. This enables companies that are focused on growth to manage their cash flows and to continue to allocate their limited time and resources toward expansive activities.
"We are pleased to have the opportunity to use Deloitte intellectual property and knowledge to serve growth and private clients as they scale and drive their businesses forward. This offering demonstrates our commitment to this market and our desire to assist the leaders of tomorrow," said John Steele, U.S. Oracle offering leader and principal, Deloitte Consulting LLP.
For those interested in exploring Cloud ERP™ further, the starting place is a TruNorth Assessment. A quick, collaborative and effective approach that takes approximately three weeks. Deloitte helps prospects to envision the desired future state, identify transformation opportunities, and develop strategies and roadmaps for the journey.
Experience Deloitte's MyCloud firsthand Deloitte is pleased to be the Global Sponsor of Oracle CloudWorld in Las Vegas, Oct. 17-20, 2022. This new global conference will bring people together to share ideas, develop in-demand skills and learn about cloud infrastructure and applications. Connect with Deloitte professionals at the CloudWorld Hub and attend a theatre presentation on MyCloud ERP enabled by Oracle Cloud.
About Deloitte Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world's most admired brands, including nearly 90% of the Fortune 500® and more than 7,000 private companies. Our people come together for the greater good and work across the industry sectors that drive and shape today's marketplace — delivering measurable and lasting results that help reinforce public trust in our capital markets, inspire clients to see challenges as opportunities to transform and thrive, and help lead the way toward a stronger economy and a healthier society. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Building on more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte's approximately 415,000 people worldwide connect for impact at www.deloitte.com.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by ensure ("DTTL"), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as "Deloitte Global") does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the "Deloitte" name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.
Mon, 10 Oct 2022 02:28:00 -0500entext/htmlhttps://markets.businessinsider.com/news/stocks/deloitte-launches-oracle-mycloud-erp-offering-for-fast-growth-and-private-companies-1031793401Killexams : Oracle Lays Off 201 Employees In California
The cuts affected workers at Oracle offices in Redwood City, Calif., home to the tech giant’s former headquarters. The jobs that were affected included data scientists, application developers, marketing specialists and software developers.
The Austin, Texas company cut 201 jobs in total on Oct. 3 from its Redwood City, Calif. office, according to its Worker Adjustment and Retraining Notification (WARN) filed in California. The job cuts took effect Oct. 3 and was received by the California Employment Development Department Sept. 30, according to the WARN.
In a letter to the state obtained by CRN, Oracle said the layoffs would be permanent and said that its Redwood Shores campus would not be closing as a result of the job cuts. Oracle formerly housed its headquarters in Redwood City, but moved it to Austin at the end of 2020.
Among the jobs cut in this round, according to the Aug. 4 letter to the state from Anje Dodson, senior vice president of human resources at Oracle: data scientists, application developers, marketing specialists and software developers.
CRN has reached out to Oracle for comment.
As of this past May, Oracle employed approximately 143,000 full-time employees, of which about 48,000 are based in the U.S. and the rest internationally, according to a regulatory filing.
Oracle NetSuite is an enterprise resource planning (ERP) platform that comes with a robust financial management solution.
Its pricing is customized for each user based on the needs and circumstances of your business.
Oracle NetSuite is ideal for midsize businesses, manufacturers and companies that need advanced features.
This article is for entrepreneurs considering implementing Oracle’s NetSuite ERP platform as their financial management and accounting solution.
As your business grows, you may invest in a greater number of software solutions to keep your operations moving forward. Businesses that reach this point often find it’s easiest to streamline all of their systems ‒ including accounting and financial management ‒ into one convenient enterprise resource planning (ERP) platform like Oracle NetSuite.
Invoicing and bill pay
As part of its robust ERP offering, Oracle NetSuite offers an intuitive cloud financial management solution that allows businesses to track their financial data and automate many essential accounting functions. Like any highly-rated accounting software, it offers reporting, planning, and billing features and easily integrates with other software, including Oracle’s suite of business solutions. It can also be used seamlessly with multiple currencies, so it’s a great option for growing companies with a global customer base.
If your business wants to expedite its accounts receivable and payable, accelerate deal closings, and keep up with financial compliance obligations, while taking advantage of a full suite of powerful business management features, Oracle NetSuite is an ideal accounting solution within an ERP platform.
Oracle NetSuite Summary
$999 per month
Invoicing and payments
No. of clients supported
Because they can perform a wide range of complex business management functions, ERP platforms are typically priced on a custom basis. Factors such as business size, annual revenue and desired features all affect the cost of the software. Oracle NetSuite is no different, and to get an accurate price estimate, you’ll need to contact an Oracle sales representative. The sales rep will walk you through all the available features of the platform, including inventory management, financial management, point of sale, customer relationship management (CRM) and human capital management software
Based on our research, Oracle NetSuite pricing includes a $999 monthly licensing fee, plus a per-user fee that starts at $99 a month. While this base price can be used as an estimate, your costs may vary significantly depending on your specific business needs.
Because of its high price point, Oracle NetSuite is likely not well suited for a smaller business with simple accounting and bookkeeping needs. However, if your business is growing internationally and you anticipate needing an ERP platform to manage everything, this can be an excellent accounting solution that sets you up for financial success as your company grows. Thanks to NetSuite’s integrated ecosystem, you can save time and money that would otherwise be spent managing multiple software solutions from different vendors.
Key takeaway: Oracle NetSuite’s price varies depending on the different software modules required, the size of your business, its annual revenue and the number of orders your company processes.
Oracle NetSuite’s financial management solution offers a wide range of useful accounting features. Here’s more about how NetSuite can help growing businesses:
Finance and Accounting
With Oracle NetSuite, your business can seamlessly combine its core finance and accounting functions with strong compliance management. This ERP’s financial management solution offers real-time access to your financial data to help you drill into important details, resolve delays, and generate compliance statements and disclosures for your stakeholders.
NetSuite provides the following basic accounting functions to streamline and simplify your financial processes:
Whether your business operates on a transaction, subscription, usage-based or hybrid model, Oracle NetSuite can help you manage your billing operations. It fully integrates into the platform’s advanced revenue management and compliance functions.
Businesses with financial reporting obligations can use NetSuite to easily comply with accounting standards, including ASC 605, 606 and IFRS 15. Using the platform’s rule-based event-handling framework, you can easily automate numerous revenue management and reporting functions, such as forecasting, allocation, recognition, reclassification and auditing.
Financial Planning and Reporting
NetSuite’s planning, budgeting and forecasting functions allow your business to plot out its financial future based on real-time analytics. Use your business data to forecast revenue, plot out what-if scenarios and develop accurate budgets. Oracle’s powerful reporting and analytics tools also allow you to gain a more complete picture of your business at any time to make better informed decisions about your finances.
Global Account Management and Consolidation
If your business plans to expand its borders and go global, you need a financial management solution that helps you manage your international transactions and compliance obligations. Oracle NetSuite’s powerful financial engine gives you maximum transparency and visibility into your business across countries and in real time so you can manage your operations at the local and global level.
To make it easier to run an international business, NetSuite offers a variety of language interfaces to overcome language barriers and a multicurrency management system that supports over 190 different forms of currencies and automatically accounts for the current exchange rate for real-time conversion.
Governance, Risk and Compliance
With Oracle NetSuite, your business will always be audit-ready. This ERP platform supports your company’s governance, risk, and compliance (GRC) programs so you can handle increasingly complex regulatory, operational, and compliance challenges as you scale.
The platform can also establish a sustainable risk management and compliance process for your company so you can anticipate major risks before they happen.
Oracle NetSuite offers seamless integration with all its ERP solutions and integrates with many leading business software providers. If you use other vendors to manage your operations, you can use NetSuite’s open APIs to introduce new integrations.
To take advantage of these integrations, businesses can hire a NetSuite dedicated implementation team for an additional fee. The team not only helps set up the ERP platform itself, but also assists with any additional integrations and project management planning.
Want to use Oracle NetSuite as part of a larger ERP solution? Your financial management processes will integrate seamlessly with Oracle’s full suite of products. This is helpful if you’re trying to gain a more holistic view of your business’s financial transactions, budgets and forecasts.
Here are a few additional useful functions you’ll find within Oracle NetSuite.
Stay on top of your warehouse ordering. This solution helps you ensure ideal quantities of each item you sell by automatically analyzing historical sales and logistics data. NetSuite can determine the best reordering time frame for each product and replenish stock to an optimal threshold when it runs low.
NetSuite helps companies with every sales or work order while providing real-time visibility into every step of the production process. This ERP’s end-to-end manufacturing software solution can help you run your entire business and make better-informed decisions.
Supply Chain Management
NetSuite helps you seamlessly manage each point in your supply chain, regardless of where your physical product is manufactured or stored.
Warehouse and Fulfillment
NetSuite helps businesses with inbound logistics, outbound logistics, and inventory management, streamlining your warehousing operations and helping you minimize costs for on-time delivery. The built-in warehouse management solution enables you to manage your distribution operations using customized user-defined strategies and advanced real-time updates and integrations.
With Oracle NetSuite, it’s easy to purchase goods and services for your business quickly and at the best prices. Real-time information helps you better understand your company spend and vendor performance while automation and workflow integrations deliver a more accurate procure-to-pay process.
Human Capital Management
Manage your team and your human resources processes with NetSuite’s HCM solution, SuitePeople. This solution allows you to streamline employee onboarding and information collection for new hires while also giving visibility into your workforce operations.
Did you know? Oracle NetSuite offers several key tools that are critical for financial management, including basic accounting functions, billing, revenue recognition, planning and reporting, GRC, and more.
Oracle NetSuite Pros
For growing international businesses, Oracle NetSuite offers a robust, all-in-one ERP solution that puts your most valuable business data into a single platform. NetSuite’s full product suite allows your organization’s various departments and systems to operate harmoniously and in real time so every person in your company is always up to date.
Key takeaway: Oracle NetSuite provides just about every feature you could want in an ERP, allowing for a seamless single solution for managing all your operations.
Oracle NetSuite Cons
In terms of accounting software, NetSuite may be prohibitively expensive for smaller businesses. Additionally, it may offer far more functionality than your business needs at this point in its growth, and you don’t want to pay for features you’ll never use.
Ultimately, NetSuite is ideal for midsize and large businesses operating a complex operation, as this ERP solution performs best when all of the modules are used in conjunction with one another.
Oracle NetSuite delivers top-notch customer service across its entire ERP platform, including its financial management solution. The company’s educational resources give users the opportunity to learn about NetSuite’s full range of products and stay updated on any new features or capabilities.
NetSuite offers 24/7, real-time support for industries via phone, email and a built-in chatbot on its website. The automated chat functionality can answer simple FAQs or connect you with a customer service representative.
Key takeaway: Oracle NetSuite’s customer service is on a par with what you would expect from a world-class ERP solution, so you can count on being able to find answers to your questions and concerns.
MERGE means more code can be copied from earlier installation, because let's be real – that's how it's happening
PostgreSQL, the popular open source relational database, is getting support for MERGE statements, a move which is intended to make migration from SQL Server and Oracle-based systems easier.…
With the release candidate for PostgreSQL 15 published on Friday and general availability expected on 13 October, the upgrade promises a slew of new features for developers.
But for those eyeing migration from Oracle to PostgreSQL, the new MERGE implementation that might be the focus of attention.
MERGE allows the developer and DBAs to either insert, update or delete a row in the table according to certain conditions.
Umair Shahid, head of PostgreSQL at open source consultancy and software firm Percona, said: "Merge is part of the SQL standard supported in both Oracle and SQL Server. But in Postgres, what you had to do was write multiple statements if you wanted a selective action for your code to take."
As well as meaning fewer lines of code for the same operations, PostgreSQL's support for MERGE is expected to make it easier for Oracle and SQL Server migrations.
"The MERGE statement is helping users to be able to migrate relatively easily from Oracle to Postgres, which is an ever-popular use case," Shahid said.
He argued the SQL code that is already written in Oracle and in SQL Server could be ported to PostgreSQL because all three databases are ANSI-compliant.
"The code tends to look fairly similar. Most of the code can just work as long as the functionality exists in the database. [Before PostgreSQL 15] the developers who have used the MERGE functionality in Oracle already would otherwise have had to rewrite that code after move to PostgreSQL. With this feature, they don't need to do that. The existing code in Oracle will just work," Shahid said.
Postgres was first proposed by Michael Stonebraker and Lawrence Rowe of UC Berkeley in 1986 [PDF] as a successor to Ingres, and is currently available under the PostgreSQL License, an open source license, similar to the BSD or MIT licenses.
Although a database more than 30 years old, PostgreSQL has enjoyed a lot of growth in the last few years, thanks to gradually improving features and a host of available DBaaS systems. According to DB-Engines, which collates data from Google, as well as job ads and website mentions, PostgreSQL has increased its market profile by 35 per cent compared with September last year and is fourth in the ranking behind Oracle, MySQL and Microsoft SQL Server.
Other new features developers using or contemplating PostgreSQL can look forward to include logical replication, which offers devs greater control over columns they want to replicate and those they do not, a move which could find use cases in data security, Shahid said. ®