iSON Oracle Financials Competency

iSON Oracle Financial competency was started in year 1998 with certain identified Industry Professionals with strong accounting background who have enriched the implementation by providing industry specific solutions in Oil & Gas, Steel, Property & Real Estate and Government sector. Over a period of years, they groomed and gained considerable experience in implementing the solutions for Manufacturing, Retail and Social Services sector as well. Today the team is quiet matured and having ready to face challenge for any type of Industry to meet the Business requirements by providing solutions and adopting best practices in the Processes and ability to meet Statutory and Management reporting. The Team has successfully delivered very complex large scale implementation and fully meets customer requirements which was vetted by PMO and Quality Assurance by all Big 4 consulting companies.

Specialization

  • Core Financials
  • Advanced Modules
  • Projects and Property Management
  • Public Sector Budgeting
  • Treasury and Financial Consolidation

Complex Engagements

  • Successful delivery of complex Projects by integrating Oracle Financials with Oil and Gas custom extensions, Retail POS, Property (In-house & External), Third party Treasury Systems, Automotive Systems, Hyperion Planning, CC&B Systems and Barcode systems
  • Specialized in Multi Lingual, Multi county, Multi currency implementations
  • Financial consolidation of 56 companies involving Oracle and Non Oracle Systems with data stored in multiple server
  • Integrated Oracle Financials with internally developed Letter of credit, Bank Guarantee, Direct Debit, Landed cost, Service Billing and Utility Billing systems
  • Developed solution extensions which can fit across any industry to make Provision for Bad and Doubtful Debts, Employee Advance requests, Settlement of Employee expenses through Payroll, Credit card Settlements, Asset Disposal Approvals, Cross charging Group companies, Shared Service Billing and Period close Workflow
  • Bolt on module iSON Property Apps solution and integrated with Oracle EBS to cater to the need of Promoter, Developer and Seller.
  • Handled and delivered complex Lease Projects involving Main Lease, Sub Lease both as Lessor and Lessee
  • Hyperion Planning and Budgeting for Oil & Gas and Education Sector.
  • Oracle Business Intelligence Applications (OBIA) and Oracle Business Intelligence Enterprise Edition (OBIEE) for Financials across industries
  • Reporting capabilities with IFRS and US/UK GAAP standards

Focus Areas

  • Gaining expertise in Fusion Implementations
  • Exploring Hyperion Financial Management, Hyperion Project Accounting management, Hyperion Workforce, Capex and Public Sector Planning
  • Development of Industry specific solutions

Case in Point

ENOC (Emirates National Oil Company) have decided to re-implement Oracle EBS R12.1.3 for all their Group companies and iSON has been selected as preferred partner in-spite of severe competition from other big software vendors based on merits in terms of Industry experience, Implementation Experience of similar size and Number of successful Oracle R12 implementations in the ME region. The scope was to implement Oracle Financials, Purchasing, SCM, Process Manufacturing, Property Manager, EAM, HRMS and Projects Suite of modules for 26 operative companies and 20 plus investment companies. The implementation duration was targeted to complete in 12 months and iSON was able to successfully implement within 14 months and the two months delay was mainly the change in integration of newly developing Oil and Gas and Business Intelligence applications.

Business Requirements

  • Unification of Processes across all Business segments.
  • View and prepare business plan in terms of Single source of Truth.
  • Reduce the existing customizations and utilize newly incorporates business functions or modules of Oracle
  • Streamline existing processes by adopting best practices
  • Establishment of Shared Services center (SSC) across Business functions for all group companies and measure their performance
  • Integration with various other Business applications
  • Time involved in Period close cycle needs to be shortened
  • Compliance with IFRS Reporting and Management Reporting

The Solution

  • Implementation of 36 modules across all Oracle EBS modules in Financials, Purchasing, SCM, Process Manufacturing, Property Manager, EAM, HRMS and Projects Suite
  • Big 4 consulting company did a Business Analysis and developed uniform Business Processes across all companies
  • Prototype Models were developed to meet the Processes and demonstrated, modified/refined, tested and deployed the solution
  • Required Interfaces and Integrations are completed
  • Custom Developments were made to meet Business Requirements
    • Letter of Credit
    • Bank Guarantee
    • Direct Debit
    • Provision for Bad and Doubtful Debts
    • Employee Advance request
    • Travel advance settlement through Payroll
    • Cross charging Group companies
    • Asset Disposal approval
    • Shared Service Billing
    • Covenants Administration
    • Period close workflow

Business Benefits

  • Uniform Business processes across various business segments reduces the transaction processing time and improve the efficiency of employees
  • Timely reporting helps in optimal decision making
  • Reduction in monthly period closing cycle
  • Seamless integration and single source of information helps to improve the cash flow, review of credit policies and reduce the DSO and DPO
  • Improved efficiency in utilization of company assets and inventory

iSON Finance Function Integrators

Application / Module Business Function Integrators
Oracle Payables Letter of Credit
Bank Automated Payment System (BAPS)
Group company charging and Settlement
Supplier Aging Details
Oracle Internet Expenses Employee Advance Request/Settlement thro Payroll
Oracle Receivables Post Dated Checks
Provision for Bad and Doubtful Debts
Direct Debits
Letter of Credit
Bank Guarantee
Quick Receipt
Property Service Billing Solution
Customer Aging Details
Oracle Assets Asset Disposal Solution
Oracle General Ledger/AGIS Period Close Check list for All Modules
DFF Information flow from PO, AP, AR to GL
General Employee Advance Request/Settlement thro Payroll