Posted at 12:08h
Again, we’re delighted to welcome Simon Shorthose, MD Readsoft UK, as a guest contributor
in AP Automation
Many organisations are currently operating on Oracle Applications Release 12 or are planning to do so in the near future. With Release 12, Oracle boasts over 2300 new features over Oracle 11i, with over 300 in Oracle Financials. The application has been geared towards enhanced support for shared services, increased operational efficiency and flexibility, faster and simpler period end processing and timely and simplified reporting.
For the finance function, the requirement to eliminate inefficiencies in purchase to pay (P2P) and order to cash (O2C) processes in a central concern. They need better process visibility and compliance; better cycle time; and want to see continual cost reduction.