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A leading U.S.-based semiconductor company had recently migrated from E-Business Suite (EBS) to Oracle ERP Cloud Applications. However, the company’s historical data was still on EBS and it’s business leaders were looking for a solution that would enable them to unify data from Oracle Fusion, EBS, and several other data sources. The company turned to Orbit Analytics for a solution.
Our solution allowed our enterprise customers to do the following:
- Provide an interactive user interface (UI) to control the frequency of data synchronization
- Eliminate the need to invest in expensive data warehouses or extract, transform, load (ETL) tools
- It also allowed the company’s business leaders to analyze vast amounts of data – both historical data (from EBS) and current data (residing in Oracle Cloud ERP)
- Access the company’s cloud ERP data from within Excel, using Orbit’s XLEdge that is available as an Excel add-in.
In this post, we share seven reasons why Orbit is probably the best solution in the market to harness the full power of data from multiple data sources including Oracle Cloud ERP Financials, Oracle Cloud ERP HCM, Oracle Cloud ERP Financials SCM, PeopleSoft, JDEdwards, and several others.
When you are migrating from EBS to Oracle Fusion Cloud ERP Applications, chances are you will retain part of your historical data on EBS. In such cases, Orbit is the ideal solution for reporting and analytics, helping the business user analyze data from multiple data sources.
#1 – Ability to Unify Data from Multiple Sources
Most enterprises around the world are now grappling with an explosion of data. The data is distributed across multiple business applications, ERPs, and various databases for transactional and operational data. Sometimes, there is also a need to access historical data, even though you might not want to move that to the cloud.
The only way to generate meaningful insights from all this data is by having a unified data platform (single source of truth). Orbit Reporting and Analytics comes with more than 200 integrators and database connectors that allow you to combine data from any system. With our product, one can gain instant access to data from across the enterprise. Orbit’s pre-built integrations include:
- Oracle E-Business Suite (EBS)
- Oracle Cloud ERP Applications
- Microsoft Excel
- NetSuite
- PeopleSoft
- Taleo
- Salesforce & Pardot
In addition to 200+ other business applications, both cloud-based and on-premise
#2 – Efficient solution in terms of infrastructure requirements
One of the key benefits of Orbit is that an enterprise does not have to build expensive and standalone data warehouses. Maintaining standalone data warehouses are not only expensive but also require dedicated technical support and services. Orbit is designed to pull data from a range of sources and use this unified data to build analytical models. This helps in gathering insights from enterprise-wide data sets from across the lifecycle of any enterprise – including supply chain, customer side data sets, and internal processes.
#3 – Data Security
Most reporting tools make it hard for you to meet your data governance and security requirements – at both the application level and data level. Orbit leverages Oracle Identity and Access Management as well as built-in security management features to ensure data security.
Overall, Orbit can be accessed by your enterprise either through Orbit Cloud Analytics, which is cloud-based or Orbit Enterprise, where Orbit is installed within your existing infrastructure. Your existing infrastructure could be on-premise or cloud-based. Irrespective of the deployment option your organization chooses, Orbit is designed to meet all the latest security standards.
#4 – Overcoming the limitations of several tools
Oracle customers often adopt OTBI because it provides real-time transactional reporting with no additional licenses or fees. While OTBI is a good tool, it comes with its own limitations. Of course, there is also Oracle’s BI Publisher that an IT team can customize for your enterprise.
But business users are looking to derive insights and intelligence from vast amounts of operational data, they need a solution that is flexible, customizable and offers an iterative process to analyze data. Orbit is designed to complement both OTBI and BI Publisher, pushing reporting capabilities beyond what these Oracle reporting options offer. One of the key advantages of Orbit is our wide range of pre-built reports that can be built without the help of a developer.
Orbit also makes it more efficient for the IT team, since they can focus on higher-priority tasks and new development efforts, while the business user has self-service options for data analytics.
One of our customers – an intelligent materials handling company with over USD 20 billion in revenues – chose Orbit over Oracle’s Business Intelligence Enterprise Edition (OBIEE) because their IT team believed Orbit will reduce development time and efforts drastically. Their IT leaders also noted that Orbit was extremely easy to implement.
#5 – Authentication & Authority
Orbit truly integrates with Oracle Cloud ERP Applications. A business user is able to login to our solution with his or her Fusion login details, run reports in Orbit and have a window into data stored in Fusion from within Orbit. With the same Oracle credentials, the user is able to take full advantage of all of Orbit’s features.
#6 – Financial Reporting using Orbit
Several customers around the world use Orbit for financial reporting. A business user in the finance team is able to build financial statements from real-time data in Oracle Fusion Financials Cloud. The user is also able to drill down into Subledger Data stored on the cloud.
One of our leading customers – a large, diversified real-estate company – uses the full power of Orbit’s products for financial reporting and analysis. The finance team is able to get quick answers to key business questions, with hundreds of subledger drill-down reports for modules like Accounts Payable, Accounts Receivable, Fixed Assets, Inventory, Purchasing, and more. Orbit makes it seamless to create charts, apply filters and use conditional formatting to view journal activity for any balance. Orbit helps expedite the reconciliation and close process, and ensures the entire process of financial reporting is efficient, accurate and reliable.
#7 – Drill Down within Excel
Orbit’s GLSense for Financial Reporting helps to produce financial reports with the convenience of Excel, but with reduced complexity and risk that comes from managing spreadsheets. With GLSense, you can quickly build financial statements within Microsoft Excel. When you create a new statement, it will automatically populate with live data on Oracle Fusion Financials.
Overall, Orbit is designed for reporting and analytics of data from various ERP systems, including Oracle Cloud ERP Applications. It’s pre-built integration capabilities, combined with the self-service model makes it an extremely powerful tool for business users, while at the same time making it easy to implement for the IT user.
