Today I am going to share a solution i have implemented for previous O&G client based in Texas that went live on Oracle cloud financials while maintaining their travel expenses on Concur SAP.
You can implement Oracle ERP Cloud Service while co-existing with your current employee expense management system. This provides you a low risk phased cloud adoption approach with minimal implementation effort and without disrupting your current financial management processes.
This Paper discusses how You can leverage your third party Expenses offering for expense entry, corporate card integration, policy enforcement and auditing expense reports and continue to rely on your Oracle cloud financial system for employee and credit card payment processing and accounting. This white paper discusses implementation steps and considerations for implementing Oracle ERP Cloud Service to co-exist with your legacy expense system
Fully automated financial integration between the Expense solution ( in this paper we will use Concur® as an example) and the Oracle Cloud® ERP application – freeing you from manual processes through middle ware.
While some cloud projects opt for FBDI manual invoice upload we managed to fully automate expense report processing and payment in Oracle cloud payment via the middle ware.
While the manual process is prone to errors and high maintenance we at previous projects managed to automate the process from:
· Creating of the employee’s profile.
· Importing expense reports.
· Creating suppliers, addresses, sites and banks.
· Updating back Concur with the payment status upon successful transmission.
Without seamless integration between your expense, payment, accounting applications, companies with many expense reports and transnational documents experience a growing number of mistakes such as lost invoices, late payments, invoice duplicates, double payments and human error during data entry. This integration eliminates these mistakes with features, auto-validation and semi-real-time payment statuses.