Maximizing Oracle Data to Drive Business Intelligence Value

Maximizing Oracle Data to Drive Business Intelligence Value

Fact: Organizations spend 80% of their time preparing their data and 20% of the time using it.

In a time marked by the need to adjust to a volatile market and supply chain uncertainties, companies require actionable insights to contend with competitors more than ever. While the data stored in your ERP system can help make informed decisions, it’s that very data that is the toughest to unlock.

Magnitude’s Darren Peirce, CTO and VP of Product, and Dean Ansermoz, Director of Product Management, presented on this topic at the UK Oracle User Group. The session focused on maximizing Oracle data and driving business intelligence value from ERP systems to generate actionable insights – an initiative that, without the right strategy and tools, can be time-consuming, expensive and ultimately unsuccessful.

According to Peirce: “While BI can do a lot, it’s only as good as the ingredients you put into it. Where is the business knowledge that’s essential to combine with the data and the systems to arrive at insights and knowledge?”

Ansermoz also notes that complex ERP systems hinder self-service reporting and analysis for business users, plus heavy reliance on IT causes data access delays and user frustration. He shared insights on the most successful approaches for turning such enterprise data into insights, highlighting the need for real-time reporting and deep business insights to provide continuous intelligence for your enterprise.

Watch the on-demand replay to:

  • Understand the state of business intelligence today and consider what’s so “intelligent” about BI
  • Explore the challenges of accessing EBS data to make actionable decisions
  • Learn how to deliver real insight from your Oracle data into your BI tool with real-world examples

As an Oracle Gold Partner, Magnitude Noetix gives enterprises using Oracle Business Applications the power of continuous operational insights. Noetix’s powerful data model, library of pre-built, no-code business reports and powerful process analytics engine help you unlock the power of your enterprise data and gain actionable insights to act with decisiveness in an uncertain and quickly changing world.

Learn more about our solutions for Oracle-run businesses here.

Enable true self services reporting and collaboration with Noetix hub

Accelerate Time to Value and Rapidly Respond to Your Reporting Needs

Increasingly fragmented business operations mean it’s more complex and time-consuming than ever for Oracle business users and data scientists to quickly and effectively create the reports critical to actionable business insights.

Watch this video on our new Noetix Hub, designed to make your operational and analytical reporting more powerful, efficient and collaborative than ever.

Accelerate your time to value and increase your ability to rapidly respond to your reporting needs with our Noetix 7 platform and the best of breed business intelligence (BI) tools – all in one place.

Noetix Hub highlights:

  • Streamlines collaboration between IT, data scientists and business users with a brand-new user interface that integrates Noetix reporting and BI into a single command center — to enable true self-service reporting.
  • Provides powerful content and functionality such as metadata Search, Workbench view customization, and Power BI integration — all combined into a single application that delivers leading-edge intelligence.

Extends the power of the Noetix views and leverages our deep understanding of Oracle E-Business Suite by providing an environment much more conducive for cross-functional collaboration.

To learn more about our single, modern interface to securely search, create, edit and collaborate on reports and BI content, request a demo.

Noetix 7 - blog

Cloud-enabled Platform Puts Enterprise Data in Hands of Business Users for Real-Time Insights

Strategic business intelligence is crucial for business leaders to see clearly and act decisively. That intelligence is derived from data. As businesses are awash with data, many still struggle to identify what’s most important and what actions to take. Gartner asserts the need to progress from data to insights to model to action, and predicts that by 2022, more than half of major new business systems will incorporate continuous intelligence that uses real-time context data to improve decisions.

Our reality is that business operations have never been more fragmented giving the requirements to access and integrate more and more data sets across on-premises and cloud-based applications. What we hear from customers is that the strategy is only as good as the operational execution, and to operate efficiently you need to unlock operational insights. This is where Noetix comes in—and it’s the bedrock of what Magnitude enables for our customers. The release of Noetix 7, our next-generation, cloud-ready reporting and analytics solutions built specifically to solve the evolving challenges in Oracle EBS, represents a big step forward in our journey to deliver operational execution in a vastly more efficient way.

Noetix 7 is the culmination of our latest innovations to help enterprises unlock the power of their enterprise data and gain actionable insights to run their business. Specifically, our support for cloud applications and cloud deployment models is designed for today’s hybrid cloud architectures and brings the power of Noetix business insights to even the most complex and distributed data landscapes.

This is the start of the next chapter of our journey to enable business users to harness the power of their data for rapid insights and real-time decisions. Watch this space as we continue to help enterprises transform application data to insights to accelerate operational execution through action.

I invite you to read our press release, including how TaylorMade Golf Company is making critical information more accessible for its business users.

Watch our Noetix video to preview the highlights in Noetix 7.


The Essentials of Strategic Enterprise Analytics for the Cloud

As a follow-up to my earlier post on ‘How to Overcome 4 Operational Reporting Challenges with NoetixViews’, here’s my take on the essentials of strategic enterprise analytics for Oracle users.

With the hybrid-cloud strategy becoming the new normal, many Oracle users are seeking to accelerate their reporting and analytics initiatives. Whether adopting a full or hybrid cloud deployment, data access and integration remains fundamental business intelligence (BI) challenges to overcome.

Strategic Enterprise Analytics: Top challenges and outcomes:

Time consuming development: For an organization looking to build a data warehouse today, there are many options to do so quickly and cheaply. However, what’s often overlooked is the complexity of an application like Oracle EBS that can delay the development and time to value for many BI teams.

Outcome: With Noetix, BI teams can deliver more than Oracle’s offering out-of-the-box for Oracle EBS and give them a platform that they can build upon for future requirements to empower BI teams to deliver faster.

Lack of clarity with multiple ERPs: Many businesses have acquired multiple ERPs through M&A activity and often times, they continue to deploy these applications separately to avoid disruption to the underlying organizations. This presents significant challenges for gaining a consolidated view of the business to identify key trends and analysis. Many companies struggle with integrating these disparate systems and in many instances rely upon manual, non-standardized methods.

Outcome: With Noetix, we can integrate all of these systems to deliver consolidated results for better clarity and more informed decisions with integrated data across ERPs.

Growing data volumes: Businesses are producing and dealing with more and more data than they did just 5 years ago. But for many, their methods and technologies for making good use of their data have not kept up. Some organizations struggle not only with summarizing and aggregating large data sets but even in the extraction and loading of their data into data storage in an efficient manner.

Outcome: With Noetix, we provide the efficient extract views and routines to load the data warehouse faster. In some cases, this provides near real-time access to the data storage in addition to traditional data marts. This empowers businesses to gain a long-term view into historical trends.

Supporting multiple BI tools: There’s a plethora of reporting tools to choose from and new ones popping up all the time. Each tool tries to differentiate itself by finding a niche of users to cater to. Typically, organizations will look for a single tool to fit all user groups as it takes considerable effort to support multiple semantic models for each tool.

Outcome: With Noetix, businesses can choose a democratic approach to adopting multiple tools that empowers users to pick the tool that fits them best while minimizing the level of effort to support each semantic model. This is the optimal approach for today’s data-driven culture.

To access other Magnitude Operational Reporting and Packaged Analytics on-demand demos, visit our resource library or request a personalized demo today!


How to Overcome 4 Operational Reporting Challenges with NoetixViews

The complexity of reporting on Oracle ERPs continues to be hot button issue for many business users in 2020. Last month, I addressed this topic at the Rocky Mountain Oracle Uses Group (RMOUG) Training Days event in my session titled: How to Overcome the BI Challenges of Today and Tomorrow.

To set the stage, here are three major themes on our product vision and how we’ve invested in transforming our solutions to support our customers’ evolving reporting and analytics needs:

  • Enabling our products to be compatible with cloud technologies to expand the value of our offering and improve the customer experience
  • Support a fractured environment with real-time, operational reporting and integrated analytics
  • Accelerate tech modernization for customer reporting projects

Today, many of our customers are moving towards a hybrid cloud environment and there a number of operational and analytical reporting challenges at play.

Operational Reporting: Top challenges and outcomes:

Heavy reliance on IT causes delays and user frustration: Often times, business users are hindered by the standard Oracle reports and by IT to provide them with data beyond what’s available in a report to do their jobs effectively and to answer the day-to-day questions about the operations of their business.  As such, IT becomes the bottleneck for process improvement involving access or preparation of data from the transactional system and users become frustrated waiting for reports to be developed.

Outcome: With Noetix, IT organizations can free themselves from the mundane tasks of report development and find the bandwidth to work on more value-add activities, while providing a solution they can trust in the hands of their users.

Data silos prevent self-service and lower data confidence: Many organizations have partitioned off their data to solve specific reporting challenges. For example, some companies rely on data warehouses to feed data from multiple source systems and turn that data into intelligence to support critical, strategic decisions. Typically, these systems do not require real-time data feeds and are refreshed nightly.

Outcome: With Noetix, users now have a way to access their transactional systems in real-time to minimize any delays and eliminate the need to reconcile data.

Inflexible, static reports prevent collaboration and lower productivity:  Most often, business users need to run multiple standard reports to get the answers they need.

Outcome: By leveraging Noetix, they can continue with the same report by simply adding a column, extending with another NoetixViews, or modifying the NoetixView with additional columns found in the Oracle database.

Unsupported tools, data models lead to unexpected errors and rework: Business users need to stay up to date with the latest versions of applications and reporting tools. As reporting tools become unsupported, they end up having to switch. It takes significant effort to ensure that current reports will continue to function in the current or new reporting tool to avoid disruption to the business.

Outcome: With Noetix, there is minimal effort to ensure reports will continue to function since the Noetix data model is supported and protected from application upgrades and we continue to provide generators for the latest tools.

We’re constantly listening to our customers’ needs to understand and support the changing technologies and tools that they’re adopting within their organization.  In my next post, I’ll address the challenges and outcomes with strategic enterprise analytics.

To access other Magnitude Operational Reporting and Packaged Analytics on-demand demos, visit our resource library or request a personalized demo today!

Combined Noetix

Combining the Power of Noetix Generator for Power BI with Noetix Analytics and NoetixViews

We’re kicking off 2020 with the release of a new update to our Noetix Generator for Power BI that now supports both Noetix Analytics and NoetixViews. With this powerful combination, we’re speeding time to value for enterprise reporting to give customers access to strategic and operational insights with historical trending and analysis for end users quickly.

Watch this webinar to learn how to use Noetix Analytics for new insights into customer and product profitability using PowerBI and Oracle Supply chain.

We’ll address the fundamental question: What have been your most profitable products, customers, organizations, and sales reps over the last 5 years? 

We’ll demonstrate the ease for using the broad, deep business content in Noetix Analytics to simplify data preparation and report development. We’ll share the tips and tricks with our centralized, extendible common business library and the added flexibility of using any reporting tool that fits your needs.

Key topics:

  • Noetix Analytics and Metadata-Based Architecture – how it works
  • The differences in how data is prepared in data warehouse modeling from traditional relational modeling
  • Demonstrations of Power BI and how to use our Customer and Product profitability report to uncover business trends and insights
  • Report development process – understanding reporting needs, accessing and using Noetix Generator to create Power BI templates and mastering visualization and publishing capabilities
  • Noetix Cloud Analytics – improving real time performance and consolidated reporting across multiple ERP environments with portability to the Cloud

To access other Magnitude Operational Reporting and Packaged Analytics on-demand demos, visit our resource library or request a personalized demo today!


Oracle OpenWorld Recap: 3 Takeaways on Reporting for Hybrid and Cloud Environments

In September, I attended Oracle OpenWorld 2019 and it was chock full of announcements and sessions on how Oracle is winning in the Cloud and showcasing its march towards delivering the “world’s first completely and truly autonomous cloud.”

I was most intrigued with conversations focused on the state of customer cloud migration strategies and on its Cloud product roadmap as it relates to reporting and analytics, and specifically the latest advancements with Oracle EBS.

Here are three key takeaways:

Hybrid is the new normal for cloud migrations

Oracle understands that not all customers are ready for Cloud Applications and that “hybrid” is the new normal. In its product sessions, Oracle promoted a co-exist strategy for customers to extend EBS with cloud applications that improves upon existing EBS modules or for adding functionality not available within any existing EBS modules. Furthermore, Oracle suggested that a co-exist strategy to extend EBS should start with “edge” cloud applications.

From my peer conversations at the event, many customers are looking towards a hybrid cloud strategy for adopting the four major pillars of Oracle Cloud Applications: ERP Cloud (financials, procurement, projects, EPM), SCM Cloud, CX – Customer Experience Cloud, and HCM Cloud. This makes the most sense for large complex enterprises that have invested heavily in Oracle EBS for managing change in determining how their existing integrations will evolve.

Shifting focus to pre-built content for cloud reporting and analytics 

With calling OBIA content complete, it’s clear that Oracle is shifting its focus on creating analytics specifically for Oracle Cloud Applications rather than investing in analytics for Oracle EBS. For instance, Oracle announced the availability of Oracle Analytics for Fusion Apps, which includes packaged analytics, dashboards, reports, KPIs built on Autonomous Data Warehouse.

This development aligns with Oracle’s move to support customers pursuing a hybrid-cloud strategy, but this also means that customers will have to rely on system integrators and custom development to fill the gaps. While the Oracle Analytics roadmap is impressive, just like OBIA, I suspect there will be room for improvement. Stay tuned for further analysis on what will be necessary to determine the gaps.

Continued support for EBS

Oracle’s latest release of EBS version 12.2.9 includes some legislative changes in Financials, improvements in lease and finance management, and improvements with Property Manager and there was excitement around its latest Enterprise Command Center (ECC) dashboards. We expect future releases of EBS will offer improvements to underlying middleware without customers having to go through a full upgrade of EBS applications.

What’s clear from my discussions is that EBS users still need help with accelerating their reporting and analytics initiatives. But with more modules only being offered through Oracle Cloud, this can become a challenge for organizations wanting to take advantage of the latest applications.

At Magnitude we’re building the next generation of Noetix to support reporting and analytics for full and hybrid cloud deployments. Noetix Cloud Analytics delivers near real-time reporting from a single operational reporting data store through business views to simplify access to data from Oracle Cloud Applications and Oracle EBS.

To learn more about our Operational Reporting solutions for Oracle, let’s have a conversation.


How to Ensure a Smooth Transition away from Oracle Discoverer

As a reporting tool of choice for many, how are you handling the transition away from Oracle Discoverer?

A complexity with Oracle Discoverer is that it requires extensive setup of the End User Layer to effectively engage reporting capabilities before users can create and modify reports. To ensure a smooth migration, organizations need to find the right tools that can give users the same capabilities and access they had in Discoverer, while allowing them the benefit of the recent advancements in reporting platforms.

Here are five reporting tips to ensure a smooth migration away from Discoverer:

  • Understand the reports that you have today in Oracle Discoverer. You don’t want to convert a copy of a copy of a report. Depending on how many user groups you have in Oracle Discoverer today, this may take some time to take stock of the scope of reporting. One approach to get prepared is by querying the EUL schema in EBS for the run statistics of the reports saved to the database through Discoverer.
  • Make a priority to quickly identify mission-critical reports that run the day-to-day operations. This is needed so you can convert them in the fastest way possible to get your users familiar with a new tool and to relieve the pressure of simply converting each report. This may require copying the SQL, for now, into the new tool. For a quick win, you’ll want to show progress while you implement a new solution.
  • Map your reports to new data model. After you’ve taken inventory of the reports used across the organization, open up Excel and start listing out the columns in those reports. Your objective will be to map your reports to a new data model and find any gaps that may exist in the new data model.
  • Address reporting gaps. Look for reporting gaps by extending the new data model to meet the needs of users. This exercise can save hundreds of hours of converting each report into a new tool. You only need to address the gaps by changing the data model that will support all of your reports. For example, you may have one table that is being used by 100 reports. In those 100 reports, there is a column that is missing in the new data model. You’ll only need to add that new column to the table once to support 100 reports.
  • Render reports into new tool. Once you have your new data model that supports all of your reports, the next job will be to actually render the reports into the new tool. Your mission is two-fold: replace Discoverer and the underlying data model and manage the change the users will go through with using the new tool. Instead of having your team taking on the task of rendering each report for the users, this is a good opportunity for users to get accustomed to the new tool. This is all about keeping the self-service capability they had in Discoverer intact.  This only works if you have addressed all of the gaps in the data model and provided them with more than just what is in the SQL of an individual Discoverer report.

We’ve helped our customers successfully transition from Oracle Discoverer to their BI platform of choice and increase their user satisfaction, even for the most advanced Discoverer users with Noetix.

For more on this topic, check out the webinar on-demand: How to ensure a smooth, successful transition away from Oracle Discoverer

How to Overcome the Business Intelligence Challenges of Today and Tomorrow

As a follow-up to our Reconciling Oracle Projects with the General Ledger demo, we’ll dive deeper on examining the top business intelligence (BI) challenges and provide insights for streamlining the manually-intensive process of implementing reporting tools and enterprise-wide BI initiatives.

Today’s BI and analytics leaders face enormous complex challenges in just trying to keep up with the rapid pace of evolving ERP architectures. They also need to deal with integration headaches while trying to bridge the gap for future needs of user groups.

Watch this video to learn how to prepare your organization for the future while addressing current business needs with a centralized data platform with pre-built, extensible content using your BI platform of choice.

Key topics:

  • How organizations are making use of pre-built content to accelerate their business analytics
  • Getting started with centralizing your organization’s data from multiple ERPs and external applications
  • Best practices for giving your user groups the confidence they need to become self-reliant
  • Demonstration of combined reporting from an Azure SQL Database and Power BI in action, including: Oracle Projects, Oracle Financials, Discover Replacement, MDM and CPQ Cloud

Check out our resource library for more operational reporting, strategic reporting or business intelligence insights or request a personalized demo!

Reconciling Oracle Projects with the General Ledger

Oracle EBS Financials, Power BI and NoetixViews

As a follow-up to our Simplifying Account Reconciliations demo, we’ll examine the complexity of reconciling Oracle Projects with the General Ledger, a pain point for many finance departments.

To streamline your financial reporting, you need timely access to financial data to know exactly what are the budgeted versus actuals and what are your asset account balances for any given time period.

Watch our on-demand demo of Oracle EBS Financials and Power BI and we’ll address the fundamental question: How can we use our real-time views to assist with reconciling Oracle Projects with the General Ledger?  

We’ll outline the four steps for Power BI report development process:

  • Understanding your reporting requirements
  • Research NoetixSearch via access to Noetix Generator
  • Determining if any Views need to be joined or extended
  • Creating Power BI reports and publishing to Power BI service for Excel

To learn more about NoetixViews for streamlining the manually-intensive process of implementing reporting tools and enterprise-wide BI initiatives, request a personalized demo today!