Profource Banking Cloud

Profource Banking Cloud

Jan Groenen , Hakan Biroglu October 1st, 2014

OOW14

Agenda

•  Who are we?

•  Brief introduction Profource

•  What are why of the Profource Banking Cloud

•  Demonstration - Profource Banking Cloud

•  Related Topics

•  Questions

October 1st, 2014 OOW14 – PBC 3

Who are we?


Hakan Biroglu Software Architect Oracle Applications

Jan Groenen CFO

Brief introduction Profource


About Profource

•  Our goal is to perform better than expected;

•  Based out of The Netherlands, International Projects

•  100% specialized Oracle service and knowledge partner

since 2002;

•  280 consultants realize the best usage of Oracle customers

enterprise applications and systems by combining specific

knowledge of business processes with the power of Oracle;

•  First European customer for Oracle Fusion Applications;

Financials, HCM

•  Oracle Open World 2013 and 2014 speakers.

7 October 1st, 2014 OOW14 – PBC


What and why of the Profource Banking Cloud?

Why the Profource Banking Cloud

Our experiences

•  Oracle Cash Management

functionality is extended in

Oracle Fusion Applications

•  Much better compared to Oracle e-Business Suite R12,

PSFT and JD-Edwards



Our experiences in Fusion Financials:

•  No build-in functionality to fully automate Cash

Management activities (End-to-end)

•  Lockbox files not provided by local non US banks

è Manual processing of Cash Management activities

è Higher lead times compared to other ERP systems •  Increasing labor costs

•  Error sensitive




Our solution: Profource Banking Cloud (1/2)

•  Creates one “Fusion compatible” bank statement from any

bank format

•  Automatically processes AR receipts by means of existing

Oracle functionality (Lockbox) including intelligent

reconciliation

•  Self-learning matching algorithm

è Achieving higher match rates > 95%


Our solution: Profource Banking Cloud (2/2)

•  End-to-end: Automatic feed into Oracle Fusion

Applications

•  Imports bank statement & Lockbox file

•  Automatically starts processes to process the bank statement

and Lockbox in Oracle Fusion Applications

•  72 times faster

•  > 95% match rate



Accounts Receivable Cash Management

6. Send

1. Upload bank

statement

2. Retrieve customer

data

3. Match

receipts to open

invoices

5.

Enrich bank

statement

4. Generate Lockbox

file

Lockbox Bank statement

Cloud Based Scenario


Manual Manual upload

Semi manual upload

Full suite (End-to-end)

Upload bank statement

Process bank statement

Upload receipts (Lockbox)

Process receipts (Lockbox) Collect open transactions and customer data Add reconciliation criteria to bank statement Reconcile bank statement

Process miscellaneous transactions 4 hours* 30 minutes* 5 minutes* 1 hour*

* Processing time per 100 cash receipts Manual – Automatic


Benefits


•  Real time, time saving, cost efficient & user friendly

•  Bank statement with 100 lines within 1 minute

•  72 times faster then manual entry

•  No additional setup in Oracle Fusion Applications

•  Automatic and intelligent reconciliation of receipts against

invoices

•  End-to-end solution

•  Volumes processing (50.000 open AR invoices)

CX - Customer experience


•  Two bank statements consisting of 181 receipts in total •  Bank account 1 è114 Receipts created

•  Bank account 2 è 64 Receipts created

•  98,35% match rate

•  Total processing time:

•  PBC: < 1 minute

•  Manual: 6 hours

•  72 times faster, major employee cost savings !!!

Demo

Technology

Life cycle management

•  Profource Banking Cloud releases follow Oracle Fusion

Application releases for cloud and on premise •  Cloud approximately 2 releases per year

•  On premise releases per 18 months

•  Preventive- and corrective maintenance based upon SLA

•  Customers never forced to upgrade


Security

•  ISAE & ISO 9001 certified;

•  Working on certification ISO 27001;

•  Datacenter is ISO 27001 certified;

•  Redundant Oracle servers and storage over two data

centers (different locations);

•  Only data processing and mapping based on ID’s,

no customer data is stored.


Customer requirements

•  Fusion Financials R7 or higher

•  Fusion Environment:

* User account with the following roles: -  Accounts Receivable Specialist, Cash Manager


Manual upload

Semi manual upload

Full suite (End-to-end)

Cloud N/A •  Useraccount •  Custom BIP report

•  Useraccount •  Custom BIP report

On Premise N/A •  Useraccount •  Connectivity web services •  Custom BIP report

•  Useraccount •  Connectivity web services •  Custom BIP report

PBC build with 100% Oracle tooling

•  Oracle SOA Suite •  BPEL, MDS, Adapters

•  Oracle Database •  PL/SQL packages

•  Fusion Applications •  Web services, BI Publisher, UCM, ESS

•  Java



PBC

FA Customer A

FA Customer B

FA Customer C

Dynamic endpoint & authentication

Externally exposed web services

UPGRADE SAFE

No customizations

Related topics

Pricing model


•  SAAS pricing model for Oracle Cloud;

•  Pay per bank statement 2 euro*;

•  Pay per bank statement line 0,25 euro;

•  Volume discounts per bank and lines;

•  One-off fee for set-up

•  One-off fee per bank payment file (XML)

* pricing applies to first reference customers, per 01-01-2015 3 euro

Wrap up (1/2)


•  Profource Banking Cloud

•  Cloud based bank statement solution

•  Real time, time saving, cost efficient & user friendly •  Creates “ Fusion compatible” bank statement and Lockbox-file

•  End-to-end solution (Semi-manual upload optional)

Wrap up (2/2)


•  Automatic and intelligent reconciliation of receipts

against invoices •  Self-learning logarithm

•  Results •  > 98 match rate

•  72 times faster then manual entry

•  Fully based on Oracle Fusion Applications technology

Going forward


•  Co-development with Oracle Development •  Direct Debit / Non Sufficient Funds

•  Profource Banking Cloud included in the Oracle Cloud

Marketplace

•  Higher volumes > 1.000.000 open AR invoices

Questions for Profource


?

Hakan Biroglu t +31 (0)78 653 45 45 m +31 (0)6 229 721 36 i www.profource.com e [email protected] t @hakanbiroglu

Jan Groenen t +31 (0)78 653 45 45 m +31 (0)6 536 766 33 i www.profource.com e [email protected] t @jwfgroenen

Presentations & Public Speaking

Profource Banking Cloud