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Tue 16 Mar 2010

Integrating Oracle Order Management and Oracle E-Business Suite Projects Applications

Posted by Kimberly Baker, under Project Portfolio Mgmt, Services. Tags: , , , , ,

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By Robert D. Anderson, CPA

During the last two years, Project Partners has been approached by several firms who run Oracle Order Management and now want to implement Oracle E-Business Suite Projects applications to provide a project-level profit and loss view, as well as contract and client profitability across the firm. Generally this request is happening at the same time the firm is undergoing massive growth and management wants it done quickly so they can get a handle on the growth that is happening and make sure it is profitable or identify problem areas quickly so action can be taken to prevent serious impact to the overall business.

The Oracle E-Business Suite Project Management module (PJT) does not create transactions but provides several tools to allow the tracking of financial transactions that are happening in the Project Costing and Project Billing applications. In addition, it offers both direct tracking in the tool and integration with project management tools, such as Microsoft Project Standard Edition and Primavera P6, as well as an open interface to interact with other similar management and scheduling tools in the market. Since the financial, resource and schedule information all resides in Oracle, the ability to leverage Key Performance Indicators and grouping them into Key Performance Areas, progress tracking and status reporting all combine to offer a strong tool to present the exceptions out of large volumes of data so the firm can take appropriate action at an early stage in the work. Read the rest of this entry »