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Your Cloud Journey Is More Important Than Ever

insightsoftware -
July 24, 2023

insightsoftware is a global provider of reporting, analytics, and performance management solutions, empowering organizations to unlock business data and transform the way finance and data teams operate.

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Increasingly, enterprise software companies aim to transition their customers to the cloud. While they typically emphasize the benefits of the cloud for their clients, they understand the advantages for themselves as well. They see opportunities to boost revenue through more stable and predictable income streams, gain better insights into customer usage patterns, effortlessly deploy fixes to customer environments, and more. It is a win-win all around.

Enterprise software companies are steadily amplifying their efforts to embrace the cloud. They have realigned their sales organizations and incentives to prioritize cloud sales, while consistently and effectively communicating their cloud strategy. The underlying message is crystal clear: today’s ultimate vision revolves around migrating customers to the cloud.

Why Users Resist the Cloud

Many users currently rely on on-premises software for their business processes, not daring to explore the potential of the cloud. Resistance to change is common, and business technology leaders are not immune. Additionally, many decision-makers perceive cloud solutions as more expensive. Most companies say that the added costs of the cloud are offset by other savings, such as eliminating hardware and data center expenses. Still, the disparity in price remains a hurdle for customers.

Then there is the aversion to risk, particularly in highly regulated industries targeted by cyber security threats. Although security vulnerabilities exist across different systems, there is a prevailing perception that public cloud platforms come with a higher risk of exposure, discouraging companies from making the switch.

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The Burdens of Using On-Premises Data

For your team, existing out-of-the-box reporting capabilities from your ERP can be a confusing mix of tools, techniques, and capabilities—especially for finance users. Selecting the right tool for a particular task can be daunting, and it requires detailed knowledge of multiple reporting tools. To make matters worse, no single tool offers you all, or even most, of what you need. For example, accessing transaction details often requires the use of more than one tool, running parallel reports to get a summary and detailed information.

In an uncertain and rapidly changing business environment, agility is essential if you want to respond quickly to change. Access to up-to-date information is the key to remaining agile and capable of making timely decisions that meet changing business needs. With disconnected tools or static spreadsheets, you simply cannot turn information around quickly enough to stay abreast of what is happening, so you risk flying blind and making decisions without access to the information you need.

Here are the burdens facing your team with on-premises ERP solutions:

Too complex: ERP data models are complex and difficult to integrate with other ERPs, BI tools, and cloud data warehouses. Changes made to a data model often require technical support including, but not limited to, a forced reboot of connected applications.

Too inflexible: Financial processes such as month-end close require flexibility and access to up-to-date data. However, tools like OTBI that query directly against the Cloud Application database are slow, while Smart View and Oracle Analytics Cloud don’t offer real-time reporting at all. These limitations combined with a lack of a flexible drill-down capability into live transactional data result in delays and frustrations.

Too slow: Building custom reports takes time. Out-of-the-box reporting rarely covers specific organizational needs when it comes to operational reporting. The burden of creating and modifying these reports falls on IT, resulting in long lead times for custom-built reports and a lack of operational visibility for the organization.

Too IT dependent: Report creation requires in-depth technical skills or extensive manual effort. If you’re reliant on IT, the reporting cycle can take weeks. If not, you’re likely struggling with manual reports and static data—an inherently tedious and risky process.

Let’s see how a seamless move to the cloud can fix these issues.

Get On the Cloud

Cloud computing is proliferating businesses across all industries. According to a recent survey by the Harvard Business Review, 81% of respondents said cloud is very or extremely important to their company’s growth strategy. Overall, nearly two-thirds of senior executives stated their businesses have accelerated their plans to migrate to the cloud.

Although many companies run their own on-premise servers to maintain IT infrastructure, nearly half of organizations already store data on the public cloud. The Harvard Business Review study finds that 88% of organizations that already have a hybrid model in place, see themselves maintaining the same strategy into the future.

Enhance Your Cloud Journey …

There are some tricks of the trade your company can follow to make cloud migration smoother. The most critical success factor in cloud migration is coordinating the integration of cloud applications. Data systems and processes must be aligned early in the planning process to ensure a smooth transition.

Due diligence during this phase in the migration process will ensure that:

  • User experience will be consistent and satisfying.
  • Trust in data will rise, improving quality and confidence in reporting.
  • Accuracy will be maintained, and your teams will move away from painful manual data extraction/validation processes.
  • Reporting efficiency and speed will see dramatic increases.

Once you are in the cloud, you can:

  • Format income statements, balance sheets, and other reports exactly how you want them. Run up-to-date reports for previous periods and custom to-dates without relying on snapshotted data or stale data dumps.
  • Remove your IT dependency with a self-service reporting solution that understands your Oracle data structures and delivers financial data to Excel or your BI tool of choice. Empower business

users to create their own refreshable and drillable reports, with flexible layouts, against your Oracle ERP Cloud data, in minutes. Create accurate, timely, consolidated reports across multiple data sources—cloud and on-premise.

… with Angles for Oracle

Angles Professional for Oracle

To make your journey the best it can be, insightsoftware is excited to present Angles Professional for Oracle, an out-of-the-box solution purpose-built to address common reporting challenges for Oracle Cloud users. This cloud-only solution is tailored toward midsize companies that typically have not invested in a BI tool and only have a single Oracle ERP instance.

Conveniently, insightsoftware manages Angles Professional for Oracle on behalf of your organization. Angles connects directly to Oracle Cloud and copies the Oracle data to an insightsoftware database on a near-real-time basis. With Angles product management from insightsoftware you can update your data as often as every hour to ensure the data you’re working with the latest information.

Angles Professional is designed to accelerate your Oracle Cloud reporting. With its fast time to value, organizations can be up and running immediately. It is web-based, easy to access, and low code.

Angles Professional connects directly to your Oracle Cloud instance, but it can also connect to other data sources within your organization. This allows you to combine your Oracle Cloud data with other data from within the business so you can view the bigger picture.

Angles Enterprise for Oracle

You can streamline the transition to Oracle Cloud with a purpose-built solution that seamlessly connects your data and unlocks deep business insights. Angles Enterprise delivers a context-aware, process-rich business data model, a library of 1,800 pre-built, no-code business reports, and a high-performance process analytics engine for Oracle Business Applications, including EBS and OCA (and allows for multiple instances). It is aimed at enterprises who have already invested in a BI tool (Power BI, Tableau, etc.) and can provide unified reporting on multiple instances of Oracle ERPs—including EBS and Cloud.

This integrated solution helps your team unlock their enterprise data and deliver actionable insights to support decisiveness in an uncertain and quickly changing world.

Angles Enterprise pairs its Views (reporting tools) with operational analytics and business intelligence (data warehouse for securely accessing BI data). Both capabilities support Oracle EBS and OCA ERPs, or a hybrid set up of the two.

Book your demo today to see whether Angles Professional or Enterprise for Oracle is right for your teams.

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