|By Business Wire||
|January 13, 2014 10:01 AM EST||
InsightSoftware.com, the makers of the award-winning InsightUnlimitedTM reporting, budgeting and reconciliation solution for Oracle E-Business Suite and JD Edwards, and Bloor Research International today released new research that provides a side-by-side comparison of financial and business reporting tools for Oracle E-Business Suite R12 and 11i. The research compares Oracle stack options, embedded report writers, specialized tools, spreadsheet plug-ins and other business intelligence software against the financial reporting needs of modern business users.
According to the report, “Modern world business users want answers to questions in the short-term and, moreover, they want them in a self-service manner, which means you can ask the questions from your own desktop and without reliance on IT." Using this insight as a guide throughout the firm’s in-depth analysis, Bloor Research Director Philip Howard concluded that spreadsheet plug-ins and reporting options offered by incumbent solution providers may not always be the best option for today’s business users.
“We believe that it is incumbent on forward-thinking companies to examine other options and it is our belief that the sort of solution offered by InsightSoftware.com, that treats the financial reporting process as a whole, rather than as something to be managed piecemeal, is worth serious consideration,” concluded Howard.
Designed specifically for end-users, InsightUnlimited simplifies the entire Oracle EBS reporting process by providing instant access to real-time ERP data and an array of intuitive reporting capabilities. InsightUnlimited also offers users Excel-like usability without having to worry about version control or real-time data issues. These robust capabilities enable InsightSoftware.com to offer EBS users the most comprehensive reporting solution available.
According to Bloor’s research, spreadsheet-based solutions, while seemingly simple, may be “...counter-productive when compared to a solution that works from within the ERP environment.” And while some users may view them as a low-cost alternative,“…we would argue that the remediation required, the additional audit fees and the lack of repeatability means that this is a false economy and that this approach will end up costing you more in the long term.”
Bloor also encouraged business users to examine alternatives to the reporting solutions offered by incumbent solution providers like Oracle, as the specific financial reporting capabilities offered by these providers may not be in direct line with users’ needs. According to the report, “One’s immediate reaction [to Oracle's stack of products] is that it seems like overkill: wouldn’t you prefer to have one product, rather than four or five? Moreover, beyond the complications of managing multiple reporting products, these Oracle products are not well known for how easy they are to implement."
“ERP systems like Oracle E-Business Suite offer an unprecedented view of complex business transitions and situations, and for day-to-day business users they can be cumbersome and fall short in reporting,” said InsightSoftware.com vice president Glenn Wirick. “This research will help users understand what will work best for their specific business needs – especially if they are planning to or recently have upgraded to R12 – so they can leverage their ERP data to transform their finance team from data gathers to strategic business partners.”
To learn more or read a free copy of Bloor Research’s InComparison paper, “A Comparison of Financial and Business Reporting Tools for Oracle E-Business Suite R12 and 11i,” please visit http://bit.ly/BloorEBSreport.
Since 2000, InsightSoftware.com has been committed to developing software to help JD Edwards and E-Business Suite customers solve their biggest productivity challenges. InsightUnlimited works directly with ERP software, in real-time, providing end users with a fast, easy way to report, budget, and reconcile. Today, our award-winning software is used by tens of thousands of people from a wide range of industries all over the globe.
Oracle, Oracle E-Business Suite, and JD Edwards are registered trademarks of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.