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Feb 01, 2019 (Euclid Infotech Ltd by the disburse of COMTEX) -- Oracle these days announced Oracle ERP Cloud has been named a leader in Gartners Magic Quadrant for Cloud ERP for Product-Centric Midsize organizations analysis file. Out of 14 items evaluated, Oracle ERP Cloud is listed as the best chief in the Gartner evaluation. A complimentary copy of the file is purchasable birthright here.
Gartner notes that Leaders exhibit a market-defining imaginative and prescient of how ERP product-centric systems and procedures can be supported and stronger by relocating them to the cloud. They pair this with a clear capability to execute this vision via products, services and go-to-market suggestions. they occupy a robust presence out there and are starting to be their revenues and market shares. within the cloud ERP suite market, Leaders exhibit a consistent skill to win deals with groups of different sizes, and occupy a very pleasant depth of functionality across complete areas of operational and administrative ERP. they occupy assorted proofs of a hit deployments by means of purchasers primarily based in their home status and in other places. Their offerings are often used by outfit integrator companions to aid company transformation initiatives.
Our focal point on creating an entire and resourceful monetary, operational, manufacturing and supply chain respond delivered natively on the Cloud is helping agencies of complete sizes and across complete industries pressure greater enterprise results, referred to Rondy Ng, senior vice chairman, Oracle purposes building. we're arrogant to convey on their promises for Oracle ERP Cloud and are very blissful to be recognized through Gartner because the sole chief in this file. They accept as precise with this acknowledgement additional validates Oracles dedication to delivering perennial innovation in their market-main ERP Cloud for their customers.
Oracle ERP Cloud includes finished ERP capabilities across Financials, Procurement, and assignment Portfolio management (PPM), in addition to commercial enterprise performance administration (EPM), and Governance casual and Compliance (GRC). at the side of provide Chain administration (SCM) and autochthonous integration with the broader Oracle SaaS portfolio for Human Capital administration (HCM) and client adventure (CX), Oracle presents valued clientele a pragmatic, business-driven, quick adoption direction forward.
Oracles vast portfolio of economic management and planning cloud offerings occupy garnered industry awareness. Oracle ERP Cloud changed into named a frontrunner in Gartners most fresh Magic Quadrant for Cloud Core pecuniary administration Suites for Midsize, large and world corporations, while Oracle became also located in the Leaders quadrant for the 2018 Magic Quadrant for Cloud monetary Planning and analysis solutions and in the 2018 Magic Quadrant for Cloud pecuniary proximate solutions.
Partnership Integrates Arachnys' consumer casual Intelligence Platform With Oracles FSFCC options to accelerate AML Compliance Investigations, Streamline KYC Onboarding, and Create Agile customer casual Scoring
long island, ny / ACCESSWIRE / January 29, 2019 / Arachnys, the leader in client casual Intelligence (CRI) options for client Onboarding, be watchful of Your client (KYC), consumer Due Diligence & enhanced Due Diligence (CDD/EDD) and Anti money Laundering (AML), today introduced that is has develop into an Oracle PartnerNetwork (OPN) Platinum level member with the Arachnys customer possibility Intelligence (CRI) suite.
The partnership launches with Arachnys / Navigator, fragment of the Arachnys cloud-native CRI platform, because the first solution planned for integration to additional increase Oracle's pecuniary services fiscal Crime and Compliance administration (FCCM) respond suite. With this integration, Oracle will present its consumers extra capabilities to boost the due diligence technique, together with access to the broadest, cloud-based mostly content material library exclusively tailor-made for pecuniary crime investigations and KYC profile list completion.
Arachnys / Navigator enables analysts to dynamically betray for terrible information and entity profile recommendation for brand spanking unusual shoppers at client onboarding and linked events within transaction monitoring investigations. applying this recommendation offers a more accurate understanding of the risks across entities for extra prudent and proactive casual decisioning, whereas guaranteeing Oracle valued clientele improved auditability, compliance and policy conformance throughout investigations.
''The open structure, possibility abilities management, and finished capabilities of the consumer possibility Intelligence platform provides for each speedy integration and options for a large altenative of consumer risk evaluation disburse circumstances,'' mentioned Ed Sander, President of Arachnys. ''Oracle is one of their most valued companions in helping corporations impulsively onboard their customers while thwarting infamous actors.''
''The transformative expertise of Arachnys' cloud-native platform stands out in the bailiwick for its skill to accelerate profits by augmenting compliance and operations. They respect its approach to entity facts administration is enormously complementary to Oracle's and inspect forward to creating cost for their shoppers in the combat towards fiscal crime,'' stated Ambreesh Khanna, neighborhood vice chairman and generic supervisor, Oracle pecuniary features Analytical applications.
As an Oracle Platinum degree member, Arachnys receives the benefit of being in a position to nascence constructing specializations on the passage to enable them to grow their company, boost their advantage, attain greater ranges of customer retention and create differentiation within the marketplace. Platinum individuals additionally swirl into eligible to resell complete Oracle technology items and may apply to resell Oracle purposes and trade options. additionally, they acquire entry to My-Oracle aid to aid building, demonstration and integration licenses only, coupon codes on practicing, limited free assessment/exam vouchers, decreased quotes on the buy of Oracle licenses for internal use, discounts on advances client services and extra. For greater suggestions concerning the advantages of fitting an OPN Platinum degree partner, please talk over with: http://www.oracle.com/us/partnerships/index.htm.
Arachnys is a leader in customer risk Intelligence. They harness the world's suggestions to empower the investigative minds that comfortable their world. Their cloud-native, consumer risk intelligence platform makes it feasible for monetary associations global to thwart hazardous actors, carve back operational fees, hasten up topline salary, dwindle fraudulent positives and carve back rejection and mistake charges. It ensures a firm's KYC, AML and CDD /EDD capabilities support regulatory compliance calls for. Arachnys' enjoyable disburse of RPA and ML technologies garnered it a 2018 ''KYC class chief'' score from Chartis analysis and placed it in the Chartis RiskTech 100, which identifies and profiles the exact one hundred RiskTech international providers. The commerce also garnered its inaugural rating in the RegTech one hundred. Arachnys is the most recent member of the challenge capital company QED's portfolio.
Arachnys is the registered trademark of Arachnys suggestions features, headquartered in London with offices in ny. The Arachnys emblems and product brands are logos/service marks of Arachnys. For extra assistance please quest recommendation from www.arachnys.com. supervene us on Twitter and LinkedIn.
About Oracle PartnerNetwork:
Oracle PartnerNetwork (OPN) is Oracle's accomplice application that gives partners with a differentiated skills to boost, promote and set into upshot Oracle solutions. OPN presents substances to educate and befriend really pleasant abilities of Oracle's products and solutions and has developed to admire Oracle's becoming product portfolio, accomplice ground and commerce opportunity. Key to the newest enhancements to OPN is the capacity for partners to be diagnosed and rewarded for his or her investment in Oracle Cloud. companions attractive with Oracle will be able to differentiate their Oracle Cloud abilities and success with purchasers in the course of the OPN Cloud software – an resourceful software that enhances existing OPN software levels with tiers of cognizance and progressive advantages for partners working with Oracle Cloud. To learn more talk over with: http://www.oracle.com/companions.
Oracle and Java are registered emblems of Oracle and/or its associates.
Articulate CommunicationsArachnys@articulatecomms.comUK: +44 (0)7951163615US: + 1 646 661 4223
View supply edition on accesswire.com:https://www.accesswire.com/531785/Arachnys-and-Oracle-integrate-financial-Crime-and-Compliance-options-to-increase-Compliance-Investigations-and-Streamline-customer-Onboarding
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When it comes to accounting software, entry-level pecuniary applications such as Intuit QuickBooks are the most often installed apps in miniature to midsize businesses (SMBs). This is even more the case now that so many cloud-based accounting programs such as Freshbooks occupy entered the market. Intuit QuickBooks, Freshbooks, and similar apps are excellent tools because they're relatively facile to set up and use; that's one of the reasons they're so favorite with SMBs. But accounting software that's favorite with SMBs generally only gets you so far once your commerce grows past a inescapable size. Especially precise if it starts doing commerce internationally, your expanding commerce is going to exigency more functionality from its accounting system.
For the purposes of this review roundup, rather than relegate these reviews to midsize businesses only, we'll instead disburse the increasingly more favorite segment description "SME software"—small to midsize enterprise accounting. And the metric we'll disburse to determine if a particular accounting system falls into this category is its capacity to handle complex commerce functions.More than Just Bookkeeping
The reason for using this particular approach is simple: Over the past decade or so, commerce has changed dramatically. With the internet fostering global sales, inventories in multiple locations and countries, and a bewildering mélange of currencies and taxes, even a company with just a few employees can require the sort of pecuniary system complexity once reserved solely for multibillion dollar multinationals. Those multinationals could afford to disburse hundreds of thousands of dollars on IT and pecuniary system acquisition, implementation, and support on an ongoing basis, but most SMEs cannot.
The goal of SME software is to present a pleasant portion of this capability at a price and usability a modest-sized commerce can afford. In this review roundup, they test 10 SME accounting systems that, for the most part, exist in the cloud, either as managed services or hosted systems. Many of the pecuniary systems they reviewed are actually parts of larger suites, including additional modules covering a wide variety of functionality such as customer relationship management (CRM), commerce intelligence (BI), project management, data mining, pecuniary reporting, complex budgeting and forecasting, and any number of other areas. For that reason, they had to confine what they looked at and, for now, they stuck with general ledger accounting. inspect for us to examine some of these other modules in more detail in an upcoming roundup covering SME enterprise resource planning (ERP) apps.SME Customizability
Because of their modular approach to software delivery, the SME accounting systems they inspect at here for the most fragment allow customers to build their own pecuniary systems based on what their operations require. While they examine baseline general ledger capability, these systems often also offer plumb market versions tailored for specific kinds of businesses, such as nonprofit entities, manufacturing companies, distribution businesses, or existent estate management, for example. Generally, these are add-on modules that install over the baseline accounting software.
For example, production, warehousing, and distribution businesses complete occupy very different inventory needs, and this becomes even more complex when the commerce houses inventory of different kinds in multiple locations or countries. One of the areas they examined, but did not test, was a vendor's capacity to meet these various inventory complexities, including bill of materials (BOM) processing, kitting (inventorying subcomponents of a finished product), and supply chain management.
Other characteristics of higher-level accounting systems comprise the capacity to handle multiple companies and divisions, frequently with intercompany or interdivisional transactions; multicurrency capability, enhanced security, and features such as self-service payroll where the employee can directly access his or her information and get limited changes such as increasing or decreasing the number of dependents.Cloud-Scale Accounting
Another distinguished characteristic of SME software is scalability. This is more of an issue with in-house systems than it is with cloud-based accounting, because scalability is mainly limited by the infrastructure upon which the system is running. In your data seat that infrastructure confine can be quickly reached, thereby limiting your scale. In the cloud, you've got as much infrastructure as you feel like paying for at any given time.
In terms of SME accounting, scalability can be viewed as the capacity to add simultaneous users. As the company grows, and as the pecuniary system grows beyond bookkeeping into other areas of pecuniary and managerial utility, the exigency to grow its users ground quickly and easily is critically important. However, because these are high-end systems, especially when you glean into in-house pecuniary and ERP systems, scaling up for more users can involve substantially increased licensing costs, higher maintenance fees, and the exigency for higher-end hardware (if you're running the system in-house rather than as a managed cloud service).
Another limiting factor in SME accounting scalability is the underlying database. Most entry-level accounting apps disburse a proprietary database or a third-party offering with an inexpensive licensing fee. Either model, however, can confine the number of users. On the other hand, precise enterprise pecuniary systems are likely to disburse expensive databases, such as IBM DB2, Oracle, or SAP, any of which can dramatically drive up licensing, implementation, and maintenance costs. In between these two extremes, you'll find apps using Microsoft SQL Server (though this one is quickly approaching high-end database territory in terms of both feature and licensing complexity), MySQL, or PostgreSQL. While the accounting staff probably doesn't exigency to know what the underlying database of their accounting app is, it's definitely something your IT department needs to know and factor into their long-range planning—and that's regardless of whether the overall system is housed on-site or in the cloud.
Fortunately, your IT department won't occupy to drudgery solitary when it comes to implementing these SME accounting systems. That's because, for the most part, SME accounting systems are not offered for customer installation but rather only through value added resellers (VARs), most of which will get installation fragment of the package. nobody of the apps they tested are off-the-shelf retail boxed products, whether they're eventually housed on-site or in the cloud. However, while these services can drive up costs, they can also be highly valuable.
Depending on the complexity of your business, installation, feature selection, onboarding, and even ongoing support, can complete redeem significant time, at both the implementation stage and if anything ever goes wrong. pleasant planning and coordination between your staff, the reseller, and your accountant are difficult must-haves but can pay substantial dividends down the line.Evaluating SME Accounting
In their reviews, they tested using a fully functional testing account provided by the vendors, except when a cloud-based or hosted account wasn't available. In these few instances, they installed the in-house version with the befriend of the vendor or a designated reseller. Many of the accounting apps they tested comprise mobile access. With these apps, they tested available remote operations by using an iPad Air, a Lenovo Android tablet, and a Microsoft Surface 3, in addition to a desktop PC (which was their primary test platform).
When testing these systems yourself, recollect that, while SME accounting systems are extremely powerful apps, the one you pick should fit as closely as feasible to the passage your commerce runs. That means you exigency to set in some existent drudgery to understand the workflows in your business—not just various accounting practices but also how your inventory is truly managed, for example, or how billing occurs for different kinds of customers. Meet with key commerce process owners and walk through complete of the major workflows of your commerce before deciding on an SME accounting platform. You exigency to be watchful of where data is generated, what it's used for, and how it might interact with other apps beyond the accounting system. The better you understand these nuances and the closer you can match the app's capabilities to what you need, the more successful your implementation will be.
Pros: Solid customer relationship management features. Broad enterprise resource planning features apply to wide variety of businesses. Excellent drilldown capabilities from several system views. Simple reporting. Custom process workflows. Easily navigable, hierarchical dashboards.
Cons: Confusing befriend system. Difficult to configuring system for specific roles. Broad but complex feature set.
Bottom Line: Oracle NetSuite OneWorld is written for the cloud, focusing on ease of disburse and modularity. It is a solid financials platform that can be easily expanded to meet other commerce needs simply by buying additional functionality through the cloud.Read Review
Pros: On-premises or cloud deployment. Robust amount of costing methods. Works on many databases. Solid reporting. Non-user-based pricing accommodates growing companies. Browser-based app makes it facile to disburse mobile devices. Navigation is easy.
Cons: Estimating licensing costs can be difficult. measure report filters may exigency customizing. Reliance on third-party add-ons needed if implementing ERP for companies outside the manufacturing/distribution vertical. Unusual pricing structure.
Bottom Line: Acumatica's intuitive design, enterprise scalability, and resilient pricing model befriend get Acumatica an excellent altenative for enterprise resource planning, general ledger accounting, and inventory management.Read Review
Pros: Many report export options. stately transaction drilldown. Extensive online training and befriend functionality. Solid audit trail report capability
Cons: . No HR or POS modules for ERP implementations. Limited graphics and charting. job shortcuts exigency to be configured. No precise dashboards. No process flowchart navigation.
Bottom Line: AccountMate is a solid entry in miniature to midsize commerce (SMB) financials, inventory management, and enterprise resource planning (ERP). Though it's missing some sophisticated features that other products have, it's still very usable and configurable.Read Review
Pros: facile navigation. Two of the three bundles comprise Crystal Reports. Available as a lone purchase or per-month payments. Can be purchased directly or through a reseller channel. Fund Accounting edition available.
Cons: Crystal Reports costs $495 extra, even for the most basic bundle. Report filters and data entry screens are not particularly intuitive. Not much charting or graphics capability within most modules.
Bottom Line: Cougar Mountain Denali climax is aimed squarely at midsized businesses and it sports a wide variety of expansion modules. Its design can be a runt lackluster in places, but for most businesses it provides a serviceable pecuniary platform.Read Review
Pros: abysmal dashboard drilldown. replete suite of ERP creation modules. pleasant documentation and befriend screens. Available in-house or hosted. Includes Working ordeal balance report. Screen, forms, and reports customization. facile hosted mobile access.
Cons: No Flowchart/Process navigation. Setting up data entry and reports is rather complex.
Bottom Line: While Open Systems Traverse is one of the oldest players in the space, it actually shows its age in areas like UI design. still it's a solidly capable mid-tier pecuniary platform that's well worth a look.Read Review
Pros: Extensive customization available. Underlying SAP HANA database allows for complex commerce analytics. Microsoft SQL Server also available. Includes Crystal Reports for custom reporting. Can handle multiple currencies. Benefits administration module. Excellent documentation.
Cons: Initial configuration and installation usually requires confederate or expensive Value Added Reseller (VAR). Extensive customization necessary. Only supports Mozilla Firefox browser; testing failed. Ancillary system applications such as HR occupy pared-down feature sets.
Bottom Line: SAP commerce One Professional has pleasant features and flexibility overall, but is designed as an "old school" enterprise resource planning (ERP) platform. It may be too complex for many users especially miniature to midsize businesses (SMBs).Read Review
Pros: Mobile access from multiple operating systems using Google Chrome. CRM available in the 300 product line. Easily changeable dashboard widgets. Customizable, ribbon-based navigation menus.
Cons: Payroll and inventory unavailable as 300 components. No arduous timetable for adding modules. No flowchart/process navigation. Limited dashboard widgets on screen. Missing drill-down or navigation capability.
Bottom Line: Sage 300 is a mid-range accounting and enterprise resource planning (ERP) software solution that is facile to use. But its functionality and expansion modules are limited, and it lags slightly behind the competition in drill-down and customization features.Read Review
Pros: Easy-to-navigate process menus. familiar user interface (UI) for current QuickBooks users. Huge user community. Simple forms and report customization. large number of measure and contributed reports. Excellent import capabilities. Excellent integration with Sales and Purchasing.
Cons: Offers only average Costing if acquired without Advanced Inventory feature. No Economic Order Capabilities. Basic Low Inventory warnings. Scalable only up to 30 users. Proprietary database. No precise central documentation. Mobile access only with an add-on service.
Bottom Line: QuickBooks Desktop Enterprise is a pleasant next step for companies that occupy gotten to large for Intuit's more miniature business-focused cloud-based versions. However, there are some scalability and back-end integration issues you'll want to respect before making the move.Read Review
Pros: Exceptional functionality. Numerous optional components can bring it up to precise ERP capability. ground software (Starter Pack) is very well-provisioned. Available on-premises or as a managed cloud service. large variety of available mobile applications. Huge number of customizable reports.
Cons: Outdated user interface (UI) isn't user-friendly. Workflow isn't intuitive. Will probably require extensive (and expensive) configuration and customization from Microsoft partners/resellers. Modular approach can result in an expensive system if many subsidiary journals are required.
Bottom Line: Microsoft Dynamics GP puts functionality rather than user-friendliness at the top of its feature list.Read Review
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