Oracle Corporation

16/09/2024 | Press release | Distributed by Public on 16/09/2024 23:50

A better way to set up reporting for stakeholders

Businesspeople need operational reporting to understand how their organizations are performing. During systems implementation, they tap technical teams to provide reports, often with exhaustive requirements. Despite everyone's best efforts, the results are seldom satisfying. Needs change quickly, rendering reports obsolete. And technical teams have limited bandwidth to respond to new reporting requirements. Furthermore, some business stakeholders invariably need direct access to source data, driving up licensing costs, data access risks, and complaints about technical complexity.
Fusion Apps customers shouldn't find themselves in this situation, however. Oracle Transactional Business Intelligence (OTBI) simplifies the technical, financial, and security aspects of giving business stakeholders access to important data.
OTBI refresher
OTBI is an operational reporting tool that provides visibility into transactional data in Fusion Apps. It provides standardized, out-of-the-box reports to address major subject areas like ERP, HCM, SCM, and customer experience. Importantly, OTBI inherits security settings you've already configured in Fusion Apps, making it ideal for business users and managers who need to answer day-to-day questions about the business. OTBI is included as part of your Fusion Apps subscription. (OTBI can also save you money-see below.)
Giving business stakeholders direct access to data
Read-only access in OTBI allows users to view and interact with reports and dashboards without the ability to modify the underlying data or the report structures. It also includes access to one of the most powerful features: drill downs.
Users with read-only access can:
View reports and dashboards created by others
Interact with filters, prompts, and other dynamic elements within the reports to customize their view of the data, selecting different parameters to refine their analysis
Export data into various formats such as Excel, PDF, or CSV for offline analysis or presentation purposes
Subscribe to scheduled reports and receive updates via email
Utilize drill-down features to get deeper insights with more detailed data
Drill downs are especially useful because they make it possible to dive deeper into the details of a transaction based on customizable, pre-configured drill-down paths. For example, in a financial report, a user might drill down from total expenses to departmental expenses, and further into individual expense categories. Using this feature doesn't require an additional subscription, so you can give key team members access to this information without paying more.
Finance in focus
While OTBI works across the entire Fusion Apps Suite, Financial Management customers find use cases especially compelling. These include:
Conducting detailed budget vs. actual analysis: OTBI helps identify variances between budgeted figures and actual financial results, and to analyze the reasons behind them.
Analyzing departmental or project-specific expenses: Finance teams can identify overspending and implement cost management strategies by department, project, or cost center.
Managing accounts receivable and payable effectively: Information can help manage working capital, improve collection processes, and ensure timely payments.
Creating comprehensive financial performance dashboards: Finance teams can build dashboards that display key financial metrics such as revenue, expenses, profit margins, and cash flow.
To understand more and get a business brief on reporting and analytics for financial management see "Fusion Apps best practice-get financial analysis right."
Conclusion
If you're a Fusion Apps customer, you already have access to OTBI, including its read-only and drill-down capabilities. No implementation or additional subscription fees are required. And data access controls are already in place. You can give it to business stakeholders who need to review transaction data at any level of granularity. They'll have better relationships with technical teams and be more effective business managers.
Additional resources
How to Drill Down To Expense Reports And Expense Items From OTBI
Read-only Access to Payables Invoices for Approvers
Next steps
If you'd like to speak with someone about your Fusion Apps subscription, click the "Learn more" button.
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Fusion Development
The Fusion Development team is responsible for building, maintaining, and driving innovation on the Oracle Fusion Cloud Applications Suite, which includes Oracle ERP, EPM, SCM, HCM, and CX. Its members are based throughout the world with central offices in the US, India, Mexico, The Philippines, and Romania.