A guest post by Joe Gum, Senior Director, Financials Product Strategy,
A note from John O'Rourke, Vice President, Product Marketing.
A word from Joe Gum, Senior Director, Fusion Financials Product Strategy
Oracle product development is excited to announce that it has implemented the W3C Provenance (PROV) standard in the 8.6.4 release of Oracle Advanced Controls for E-Business Suite and Advanced Controls for PeopleSoft. This is a significant achievement for Oracle to implement this standard and demonstrates Oracle’s leadership position in the technology industry.
you know up to 64% of IT budgets are spent running day-to-day operations?
Imagine what you could achieve if these resources were focused on encouraging
business growth and driving innovation.
Gartner has outdone themselves with this excellent report that clearly and concisely explains transaction controls monitoring (TCM) and the related benefits. In Gartner’s “Transaction Controls Monitoring Can Improve Productivity and Financial Governance” report, the Analysis section is particularly effective when it talks about your ERP system controls and that:
Oracle's commitment to PeopleSoft continues.
If your organization is like most, you have devoted enormous resources to optimizing business processes. From utilizing shared service centers, to automating workflow approvals, no doubt your processes are in great shape.
An update from our resident IFRS expert, Seamus.....The FASB and IASB met on
February 20th and put the finishing touches to the new US GAAP and
IFRS Revenue recognition principle, Revenue from Contracts with
Customers. As they say on their websites, all that remains is
for the staff to begin drafting the final standard. They decided on the effective
date of the standard for new transactions: January 1, 2017.
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