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Feb 01, 2019 (Euclid Infotech Ltd by the employ 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 privilege here.
Gartner notes that Leaders exhibit a market-defining imaginative and prescient of how ERP product-centric systems and procedures can live supported and stronger by relocating them to the cloud. They brace this with a limpid capability to execute this vision via products, services and go-to-market suggestions. they possess a robust presence out there and are starting to live 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 possess a very obedient depth of functionality across entire areas of operational and administrative ERP. they possess 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 equipment integrator companions to aid company transformation initiatives.
Our focal point on creating an entire and resourceful monetary, operational, manufacturing and supply chain reply delivered natively on the Cloud is helping agencies of entire sizes and across entire industries pressure greater enterprise results, referred to Rondy Ng, senior vice chairman, Oracle purposes building. we're proud to convey on their promises for Oracle ERP Cloud and are very blissful to live recognized through Gartner because the sole chief in this file. They accept as factual with this acknowledgement additional validates Oracles dedication to delivering constant 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 haphazard and Compliance (GRC). at the side of provide Chain administration (SCM) and native 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 possess 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, big and world corporations, while Oracle became likewise 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 nearby solutions.
Partnership Integrates Arachnys' consumer haphazard Intelligence Platform With Oracles FSFCC options to accelerate AML Compliance Investigations, Streamline KYC Onboarding, and Create Agile customer haphazard Scoring
long island, ny / ACCESSWIRE / January 29, 2019 / Arachnys, the leader in client haphazard Intelligence (CRI) options for client Onboarding, live 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 plane member with the Arachnys customer possibility Intelligence (CRI) suite.
The partnership launches with Arachnys / Navigator, section of the Arachnys cloud-native CRI platform, because the first solution planned for integration to additional multiply Oracle's pecuniary services fiscal Crime and Compliance administration (FCCM) reply 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 disclose for terrible information and entity profile counsel for brand spanking fresh shoppers at client onboarding and linked events within transaction monitoring investigations. applying this counsel offers a more accurate understanding of the risks across entities for extra prudent and proactive haphazard 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 big selection of consumer risk evaluation employ circumstances,'' mentioned Ed Sander, President of Arachnys. ''Oracle is one of their most valued companions in helping corporations impulsively onboard their customers while thwarting irascible actors.''
''The transformative expertise of Arachnys' cloud-native platform stands out in the province for its skill to accelerate profits by augmenting compliance and operations. They reckon its approach to entity facts administration is enormously complementary to Oracle's and quest 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 way to enable them to grow their company, boost their advantage, gain greater ranges of customer retention and create differentiation within the marketplace. Platinum individuals additionally turn into eligible to resell entire 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 unsafe actors, cleave back operational fees, speed up topline salary, decrease fake positives and cleave back rejection and oversight charges. It ensures a firm's KYC, AML and CDD /EDD capabilities support regulatory compliance calls for. Arachnys' enjoyable employ 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 business likewise 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 counsel from www.arachnys.com. follow 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 aside into sequel Oracle solutions. OPN presents substances to educate and befriend really obedient abilities of Oracle's products and solutions and has developed to admire Oracle's becoming product portfolio, accomplice basis and business opportunity. Key to the newest enhancements to OPN is the capacity for partners to live diagnosed and rewarded for his or her investment in Oracle Cloud. companions attractive with Oracle will live 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 determine 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 small to midsize businesses (SMBs). This is even more the case now that so many cloud-based accounting programs such as Freshbooks possess 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 business grows past a inescapable size. Especially factual if it starts doing business internationally, your expanding business is going to requisite 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 employ the increasingly more favorite segment description "SME software"—small to midsize enterprise accounting. And the metric we'll employ to determine if a particular accounting system falls into this category is its capacity to ply involved business functions.More than Just Bookkeeping
The understanding for using this particular approach is simple: Over the past decade or so, business 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 spend 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 obedient portion of this capability at a expense and usability a modest-sized business 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), business intelligence (BI), project management, data mining, pecuniary reporting, involved budgeting and forecasting, and any number of other areas. For that reason, they had to circumscribe what they looked at and, for now, they stuck with universal ledger accounting. quest 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 quest at here for the most section allow customers to build their own pecuniary systems based on what their operations require. While they examine baseline universal ledger capability, these systems often likewise present vertical market versions tailored for specific kinds of businesses, such as nonprofit entities, manufacturing companies, distribution businesses, or real estate management, for example. Generally, these are add-on modules that install over the baseline accounting software.
For example, production, warehousing, and distribution businesses entire possess very different inventory needs, and this becomes even more involved when the business 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 comprehend the capacity to ply 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 Make limited changes such as increasing or decreasing the number of dependents.Cloud-Scale Accounting
Another notable 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 heart that infrastructure circumscribe can live quickly reached, thereby limiting your scale. In the cloud, you've got as much infrastructure as you feel enjoy paying for at any given time.
In terms of SME accounting, scalability can live 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 requisite to grow its users basis quickly and easily is critically important. However, because these are high-end systems, especially when you obtain into in-house pecuniary and ERP systems, scaling up for more users can connote substantially increased licensing costs, higher maintenance fees, and the requisite 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 employ a proprietary database or a third-party offering with an inexpensive licensing fee. Either model, however, can circumscribe the number of users. On the other hand, factual enterprise pecuniary systems are likely to employ 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 requisite 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 possess to work 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 Make installation section of the package. None 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 likewise live highly valuable.
Depending on the complexity of your business, installation, feature selection, onboarding, and even ongoing support, can entire rescue significant time, at both the implementation stage and if anything ever goes wrong. obedient planning and coordination between your staff, the reseller, and your accountant are difficult must-haves but can pay imposing 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 comprehend 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 choose should fit as closely as feasible to the way your business runs. That means you requisite to set aside in some real work to understand the workflows in your business—not just various accounting practices but likewise how your inventory is truly managed, for example, or how billing occurs for different kinds of customers. Meet with key business process owners and walk through entire of the major workflows of your business before deciding on an SME accounting platform. You requisite to live 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 involved feature set.
Bottom Line: Oracle NetSuite OneWorld is written for the cloud, focusing on ease of employ and modularity. It is a solid financials platform that can live easily expanded to meet other business 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 employ mobile devices. Navigation is easy.
Cons: Estimating licensing costs can live difficult. Standard report filters may requisite 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 elastic pricing model befriend Make Acumatica an excellent selection for enterprise resource planning, universal ledger accounting, and inventory management.Read Review
Pros: Many report export options. imposing 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. Task shortcuts requisite to live configured. No factual dashboards. No process flowchart navigation.
Bottom Line: AccountMate is a solid entry in small to midsize business (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 comprehend Crystal Reports. Available as a single purchase or per-month payments. Can live 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 Summit is aimed squarely at midsized businesses and it sports a wide variety of expansion modules. Its design can live a dinky lackluster in places, but for most businesses it provides a serviceable pecuniary platform.Read Review
Pros: abysmal dashboard drilldown. plenary suite of ERP creation modules. obedient documentation and befriend screens. Available in-house or hosted. Includes Working Trial equilibrium report. Screen, forms, and reports customization. facile hosted mobile access.
Cons: No Flowchart/Process navigation. Setting up data entry and reports is more or less complex.
Bottom Line: While Open Systems Traverse is one of the oldest players in the space, it actually shows its age in areas enjoy 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 involved business analytics. Microsoft SQL Server likewise available. Includes Crystal Reports for custom reporting. Can ply multiple currencies. Benefits administration module. Excellent documentation.
Cons: Initial configuration and installation usually requires ally or expensive Value Added Reseller (VAR). Extensive customization necessary. Only supports Mozilla Firefox browser; testing failed. Ancillary system applications such as HR possess pared-down feature sets.
Bottom Line: SAP business One Professional has obedient features and flexibility overall, but is designed as an "old school" enterprise resource planning (ERP) platform. It may live too involved for many users especially small 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. chummy user interface (UI) for current QuickBooks users. Huge user community. Simple forms and report customization. big number of standard and contributed reports. Excellent import capabilities. Excellent integration with Sales and Purchasing.
Cons: Offers only tolerable Costing if acquired without Advanced Inventory feature. No Economic Order Capabilities. Basic Low Inventory warnings. Scalable only up to 30 users. Proprietary database. No factual central documentation. Mobile access only with an add-on service.
Bottom Line: QuickBooks Desktop Enterprise is a obedient next step for companies that possess gotten to big for Intuit's more small business-focused cloud-based versions. However, there are some scalability and back-end integration issues you'll want to reckon before making the move.Read Review
Pros: Exceptional functionality. Numerous optional components can bring it up to factual ERP capability. basis software (Starter Pack) is very well-provisioned. Available on-premises or as a managed cloud service. big 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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