Not Your Mother's Software
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The document discusses the evolution of accounting processes from manual ledgers to the use of spreadsheets and ERP systems, highlighting the challenges of maintaining data integrity during company changes. Eprentise offers software solutions that help organizations adapt their Oracle E-Business Suite (EBS) systems to accommodate changing business requirements without the need for costly re-implementations. The software enables real-time access to accurate data while allowing for modifications to configurations such as charts of accounts and organizational structures.
Not Your Mother's Software
- 1. tel: 407.591.4950 | toll-free: 1.888.943.5363 | web: www.eprentise.com Not Your Mothers Software an eprentise white paper
- 2. Not Your Mothers Software Copyright 息 2014 eprentise, LLC. All rights reserved. www.eprentise.com | Page 2 息 2014 eprentise, LLC. All rights reserved. eprentise速 is a registered trademark of eprentise, LLC. FlexField Express and FlexField are registered trademarks of Sage Implementations, LLC. Oracle, Oracle Applications, and E-Business Suite are registered trademarks of Oracle Corporation. All other company or product names are used for identification only and may be trademarks of their respective owners. Author: Helene Abrams Published: September 16, 2009 www.eprentise.com
- 3. Not Your Mothers Software Copyright 息 2014 eprentise, LLC. All rights reserved. www.eprentise.com | Page 3 Some of you might be too young to remember it used to be that the reconciliation and monthly closings were done on a hand-written ledger, and every adjustment was done in pencil so it could be changed. If an account needed to be changed, it was changed only on a going-forward basis with possibly a restatement and a single entry to reflect the change. Then there came the spreadsheet and there was a lot of resistance from the accountants to adopting spreadsheets as the standard. Still, with spreadsheets, there was no clear drill down process. Further, as organizations grew and required maintaining thousands of spreadsheets rather than a few, the accuracy and integrity of the data became questionable, and for good reason. Now, the ERP system has taken away some of the burden of manual reconciliation and spreadsheets, but even large ERP systems dont reflect the fact that companies change. There are countless places that are touched when making changes in a relational database, and it is difficult to perform all of the changes required to maintain the relational integrity of the underlying structures that were initially set up. But it is also difficult and time-consuming to re-implement or reconcile, or to migrate to a new chart of accounts, a new organization unit, or a new ledger and go through a complete test cycle every time a company reorganizes, acquires another company, or sells part of the business (or, if they have just outgrown their current system). That difficulty, along with the deterioration of data integrity that results from companies having to resort to thousands of spreadsheets to reconcile the changes, doesnt make a manual process any more accurate or auditable, and it severely limits a companys agility. eprentise and FlexField software products deal with the technical aspects of the change so that EBS can re-align to the current business environment. The ability to change is now part of the normal lifecycle and ongoing maintenance of an enterprise application. Curious? For more information, please call eprentise at 1.888.943.5363 or visit www.eprentise.com. About eprentise eprentise provides transformation software products that allow growing companies to make their Oracle速 E-Business Suite (EBS) systems agile enough to support changing business requirements, avoid a reimplementation and lower the total cost of ownership of enterprise resource planning (ERP). While enabling real-time access to complete, consistent and correct data across the enterprise, eprentise software is able to consolidate multiple production instances, change existing configurations such as charts of accounts and calendars, and merge, split or move sets of books, operating units, legal entities, business groups and inventory organizations.