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The need for higher level data management in modern businesses
Employees, auditors, and other stakeholders need precise, up-to-date information to comprehend the soundness and productivity of the company. As companies expand, the quantity of data managed by their system escalates, resulting in more users needing access to this information through management reporting systems.
This further raises the complexity of reporting and analysis and the need for access to real-time data to back crucial business decisions. With this, more and more businesses are looking for solutions to move from on-premise to the cloud, leveraging improved automation and data democratization within the organization.
Moving to the cloud has various benefits for your business.
Why Oracle Cloud ERP/Oracle Cloud Applications?
Oracle Cloud Infrastructure offers tools and architecture that help enterprises seamlessly achieve the mentioned merits with built-in security to reduce threats, eventually sustaining superior migration and economics. It includes industry-leading scalability and availability, integrated management and authority, and dependability backed by end-to-end SLAs. It offers solutions to cater to the requirements of various business functions like finance, procurement, project portfolio, and business performance management, making it an ideal and integrated cloud solution for enterprises.
However, modern businesses adopt various new applications to cater to their diverse needs. There is an increasing shift from on-premise applications to cloud or hybrid with both cloud and on-premise components, causing significant challenges for businesses to create an integrated establishment. After shifting to Oracle Cloud, companies face various challenges integrating the range of Oracle Fusion Application suites with external, internal, and other cloud applications. Oracle Fusion has several mechanisms for data export or other import purposes. IT consultants and companies still face a significant challenge in creating robust, scalable, and effortless integration solutions for distinct needs.
This is where AirQuery comes into the picture. It provides a way to extract and assimilate data from Oracle Cloud Fusion Applications, on-premises applications, or other cloud applications, diverse business divisions, and business partners.
AirQuery Oracle Cloud Application pipelines help your company not just connect applications and systems but also carry out business workflows, synchronize data across the enterprise, set up accessibility security for internal and external stakeholders, and so on. The best part is that all of this can be done without needing any coding or knowledge of data engineering from your end.
AirQuery Oracle Cloud ERP/Oracle Cloud Applications Pipeline
AirQuery pipelines eliminate the complexity of incorporating Oracle Cloud Applications (Oracle Cloud ERP, Oracle Cloud HCM, Oracle Cloud SCM ..etc.) with other systems, enabling simple and speedy data sharing. They can migrate information from Oracle E-Business Suite, Oracle Service Cloud, Oracle Marketing Cloud, Oracle Sales Cloud, PeopleSoft, JD Edwards, Siebel, and other non-Oracle applications like Salesforce, ServiceNow, and SAP. The data is migrated to a staging warehouse where you can get the whole picture, make sense of the information, and make faster and well-informed business decisions.
You get instant access to up-to-date and consolidated ERP and non-ERP Applications data and can build all of the high-performance reports you need without waiting for IT support. For example, if you want to examine expenditure vs. the output of your sales department. The steps you may have to follow to achieve this would be:
So how does AirQuery simplify this for you?
When you use AirQuery Data Jump Data Pipelines, it can:
With AirQuery Oracle Cloud ERP pipelines, you can maintain data integrity and avoid slippages such as broken records, corrupted files, or incomplete migration. It helps you maximize the value of your on-premise and SaaS investments by efficiently linking data and operations across applications.
Features of AirQuery that take care of your reporting needs
Integrated Data Warehouses
Regularly and rigorously tested data warehouses ensure that your data is uncompromised in terms of accuracy or completeness. We employ the latest technology to set up these warehouses to address concerns about redundancy.
A centrally managed data model handles the data lifecycle efficiently and easily. AirQuery strengthens various facets of data modeling in these ways.
It helps you set up Semantic Layers.
AirQuery is compatible with self-service datasets and IT-managed data models, which helps you abstract complex data logic and substitute technical jargon with business-friendly terms.
Supports Data Stewardship
The centrally managed data models are organized and presented to the business users as subject areas, bringing everyone on the same page. Anyone within the company, even those employees without technical knowledge, can feel comfortable working with data. This kind of data democratization is crucial for businesses to adapt to changing times.
Data Governance and Security
AirQuery metadata design keeps role-based access controls and row-level data security to ensure no leaks and only authorized personnel access the data they need.
Oracle reporting tools in Oracle Cloud applications
Oracle has a range of intelligent tools that take care of your reporting needs within the Cloud applications. Let’s take a closer look at how they can serve your business needs.
1. Smart View
Since most company users are comfortable with Excel, Oracle offers Smart View, an Excel-based utility that allows users to analyze real-time GL balances in Excel sheets. These sheets are linked to the Essbase cube directly. It is an ideal tool for financial analysts or power users to pivot across any dimension to execute ad-hoc analysis, add calculations and build graphs using Excel’s built-in functionalities.
EBS customers can use this cloud product without changing their company processes.
The best part about Smart View is that it allows you to interactively study your balances and illustrate reports using the familiar Spreadsheet environment. Here are some features-
2. Financial Reporting Studio
Financial Reporting Studio is Oracle's report client-based designer tool or a report repository. It helps users to view and create personalized income statements and balance sheet reports.
You do not have to run the report, you open it, and real-time balances will appear automatically. You can drill down from reports to sub-ledger transactions and publish reports in different formats (MS Excel, PDF, MS Word, MS PowerPoint, etc.)
Financial Reporting Studio features that make reporting easy-
3. Account Monitor
The Account Monitor, designed to create active searches, has Embedded Intelligence built in to help you assess the impact of balance changes (favorable versus unfavorable). It can help you with:
This tool ensures that any account that exceeds the tolerance limits assigned is automatically displayed, and therefore, eliminates any account anomalies from surfacing during your close process and enables accountants to begin an appropriate business or accounting reaction to the implicit situation.
4. Account Inspector
This tool helps you perform ad-hoc balance queries. It allows you to conduct multi-dimensional analysis, slicing and dicing of information, and pivoting– all within a web page.
The tool works off the same analytic cube with pre-aggregated balances at every level, so all queries are lightning fast. After you specify your query criteria, like your ledger and chart of account dimensions, you can expand on any parent value to get a breakdown by each child value that rolls up to the parent value. Again, because this query is working off of the same live, pre-aggregated data, you can modify query criteria and immediately refresh results, which is what every business user desires.
You can also drag and drop the page-level dimensions to further slice and dice results for further analysis.
Oracle Transactional Business Intelligence
HR Analysts and managers often spend countless hours getting precise information to perform their daily tasks, resulting in frustration, lost productivity, and suboptimal decisions. OTBI helps you analyze your firm better and make business moves with embedded and ad-hoc analysis of your transactional data. It delivers an analysis tool that enables you to attain real-time insight into transactional data, comprehends data patterns, and alerts you about events and anomalies in your data.
Essential metrics and features of your company are explicitly categorized into subject areas of data that you use as building blocks to answer your business questions. You can build interactive dashboards and reports, get valuable insights, create business intelligence (BI) catalog folders and have control or determine which team member can access a dashboard in the catalog.
However, OTBI is quite expensive and complex. If you were using Discoverer, shifting to OTBI is not that easy. Since OTBI does not come with a list of prebuilt reports, a migration project requires budget time to recreate all Discoverer dashboards and reports. If you get OTBI, you will need another Oracle product, BI Publisher, for report bursting and distribution and pixel-perfect reporting.
Oracle BI Publisher
BI Publisher helps to author, manage and deliver out-of-the-box operational reports. It provides high-fidelity, pixel-perfect documents and has flexible and customizable output formats: excel, pdf, doc, and HTML. Oracle BI Publisher is a strategic business reporting product from Oracle that provides the ability to assemble and handle highly formatted reports. It is available as part of the Oracle BI Enterprise Edition Suite and as a stand-alone reporting tool. Oracle BI Publisher report formats can be structured using easy-to-use and familiar tools like Microsoft Word or Adobe Acrobat. BI Publisher allows you to create reports from varying data sources like Oracle Database, Files, BI EE, Web services, and Discoverer.
With the increasing number of applications that suit your company better, you will have data stored across various applications. However, OTBI and BI Publisher can only connect to Oracle Cloud ERP and other Oracle applications and systems. Here, you can use AirQuery as a complementary to both these applications to extract information from practically any source, replicate it in a staging warehouse and make sound observations with comprehensive reports.
Why AirQuery for Oracle Cloud?
With easy data access, better organizational insights, reliability, and security, AirQuery provide a one-stop solution for your reporting needs.
AirQuery sustains multiple system platforms, including Oracle E-Business Suite, Oracle Fusion, PeopleSoft, Taleo, and more. It's an efficient reporting application for creating simple to complex reports for your company, provided with over a thousand prebuilt reports containing Oracle Financials, Supply Chain, and HRMS.
AirQuery links to multiple databases such as Oracle, MySQL, IBM DB2, and Microsoft SQL Server – in fact, any database or platform across the internet. AirQuery delivers real-time operational reporting, drill-to-detail, dashboarding, and ad hoc inquiry capabilities in an integrated business intelligence package.
AirQuery connects any application and data source to automate end-to-end processes and centralize management. The wide array of integrations, with prebuilt adapters and no need for coding, simplifies migration to the cloud while simplifying hybrid and multi-cloud operations.
If you are creating reports for the finance department or any functional area that requires highly formatted reporting, AirQuery can help create, automate, and distribute book-quality management reports. These reports comply with all regulations and external requirements and can be delivered immediately or scheduled for later distribution. The tool also enables you to create multiple reports from single report structures. With AirQuery's prebuilt, interactive reports, you can access multidimensional performance management data sources and turn business data into insights.
Excel financial reporting
Excel can handle only 1,048,576 rows of data, whereas AirQuery can handle large amounts of data seamlessly. Often diverse data sources in Excel spreadsheets need manual manipulation, which is time-consuming and may lead to human errors. With AirQuery, your Financial Analyst will no longer need to manually perform Excel formulas and lookups to get the data ready for reporting. This entire process of cleaning and shaping the raw financial data will be performed automatically by AirQuery in the back end after each data refresh. You can also run reports from Excel directly with AirQuery.
Drill down capability
AirQuery enables you to go from a more general viewing of the data to a more specific one, all at the click of a mouse. For instance, a drill-down report that displays sales revenue by the state will enable you to select a particular state you want to view, click on it and see sales revenue by county or city within that state.
How does AirQuery ensure Report Security?
OTBI offers operational security, whereas AirQuery provides reporting, supporting role-based access controls, and row-level & column-level data security. With OTBI, when an employee adds a report to the storehouse, only that employee and the administrator can access the report by default. Other members must be assigned access before viewing the report, reducing any leakage of sensitive or private financial information.
However, with AirQuery, data security is enforced in the reports. Individuals can only see account balances for segment values they have access to or are helpful. For instance, an HR executive can provide information about their department based on their roles and responsibilities, excluding the finance or marketing department information. An Analyst may need information across departments and thus have complete access to the company data. An AP manager may need access to a transactional database to manage all accounts payable activities for the organization, ensure timely payments of vendor invoices and expense vouchers, and maintain accurate records and control reports. However, this information may not be relevant to someone from the sales department and thus have no access to it. This way, you know who is using what information, improving data security and governance for which purposes.
AirQuery boost for Oracle Cloud Applications
Oracle Cloud ERP Applications provide hardware cost savings, business flexibility, and efficiency in the short- and long-term. It can help to automate most tasks and provide streamlined performance through a shared infrastructure. It empowers businesses to run faster and scale up (or down) to make the enterprise more profitable. It gives your business a scalable infrastructure, development capabilities, hardware, and software options that suit your needs.
Combining Oracle Cloud with AirQuery can further your business by supporting more comprehensive integration across other clouds, systems, and applications. It enhances and streamlines the data migration process from ERP and your existing architecture to a data warehouse, where you can create simplified reports out of complex data structures. It provides an easy and hassle-free solution to work with multiple data sources like Oracle suite applications, on-premise, and other external applications, enhancing your decision-making process and saving time and energy.
We cover data extraction, reporting, and analytics so that you can focus on insights for better decision-making. For a demo, visit https://www.airquery.com/contact