Oracle Fusion Financials Implementation

Fusion Financials
Implementation at
Qatar Cool, Qatar
Qatar Cool is a leading commercial provider of district cooling services in Qatar,
with a fully paid share capital of 330 million Qatari Riyals.
Qatar Cool currently owns and operates three cooling plants covering the West
Bay and The Pearl-Qatar districts over 1247 million ton-hours of refrigeration
sold to date. In terms of reduction of emissions, all three plants eliminate around
250* million kilograms of carbon dioxide from the atmosphere per year, which is
equivalent to removing over 49,000 vehicles from the roads or planting 250,000
mature trees.
Project Outline
Modules Implemented
Project Kick Off Date : 15-July-2014
Expected Go Live Date : First week
of October-2014
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Fusion
Fusion
Fusion
Fusion
Fusion
Fusion
General Ledger
Payables
Receivables
Assets
Cash Management
Common Financials
Resource Details
Evosys Resource Details
Project Manager : 1
Functional Consultant Onsite : 1
Functional Consultant Offshore: 1
Business Needs
Implement a disciplined Financial management environment providing
relevant insight and operational rights to users at different levels in the
Financials chain and various levels in the organizational hierarchy
Eliminate the paper based informal way of initiating the Payables and
Receivables Process
Manage
Real Time Reporting & Analysis of the organization's Financial
Position
To have Transaction Trails, Centralised accounting monitors for easy Period
Closing & auditing
Integrated processes with accurate record keeping & accounting
First Project in Qatar region to implement entire Fusion
Financials Family.
One of the first few implementations worldwide to deliver
Fusion Financials , Procurement , HCM, Taleo.
Time Constraint Faced for early Go-Live
Training the key user to adopt to Fusion Financials processes
Streamline the current business processes and provide better
business strategy approach.
Solutions
Implement Fusion General Ledger to provide a centralized
accounting monitors for easy Period-Closing & auditing
Configure the Payment and Receipt process as per business
requirements through Fusion Payables and Receivables
Implement Approval hierarchy for Various Documents as per
client requirement.
Develop integrated reports for each Business roles. Reporting
enhanced the visibility and performance of business processes.
Configure acquisitions , transfers and Retirements of Fixed
Assets as per client requirement with the help of Fusion Fixed
Assets and its excel integration.
Automate Bank Reconciliation Process through Fusion Cash
Management
Business
Adopting the Best Financials Business practices.
Easier to train and make end user adopt to the Fusion application
environment.
Role Based Access Control security to manage the user privileges
Highly enhanced graphical UI for Financials modules.
Manager based dashboards to drive productivity and consistency
while managing and getting deeper insight into the financials processes.
Business
Consolidated real time financials reporting along with Business
Intelligence dashboards and analytics
Best practices Financials Flow in order to complete the full financials
cycle
Flexible Approval configuration as per client requirements.
Ability to provide better report documents to print out Financials
documents.
Critical Success Factors
Complete and Integrated Financials system with Best in class processes with
world class technology
Reduced the business cost and increase the productivity.
Role based User Access, having Security to have Consolidated Data Access
or specific Operation Access.
Real Time Business intelligence reporting with dashboards, analytics and
fixed format reports to supports analysis and decisions making.
Milestones
First Fusion Financials implementation in
Qatar
First Fusion Financials implementation
in Middle East which covers complete
Fusion Suite.
One of the first few implementations of
Fusion Suite
Questions?