Automating your Reporting process in Oracle EBS: Guide
A recent survey shows that the average employee loses 60 hours per month to easily automatable tasks, emphasising the significance of automated tools that allow employees to focus on other strategic initiatives.
Likewise, in Oracle EBS, employees need help managing reporting because the volume and complexity increase, resulting in inefficiencies, delays, and inaccuracies. Oracle EBS automated reporting is a solution that helps companies generate timely reports and actionable insights into their operations.
Let’s delve deeper into the blog to understand the automated reporting process in Oracle EBS, its advantages, and how a powerful BI tool can enhance your reporting processes.
What is Oracle EBS?
Oracle EBS (E-Business Suite) is a package of business applications offered to enterprises to help them manage diverse tasks. It helps gain insights into various business processes, such as finances, supplies, HR, customer relationships, and other projects. Oracle EBS enables organisations to easily understand data about their business operations’ current status and make better decisions.
Note:Oracle EBS is Ease of use, Adapts to business growth and Customised to fit various needs.
What is automation reporting in Oracle EBS?
An automation solution streamlines the reporting process and generation in Oracle EBS without the need for manual intervention. This reduces the reliance on traditional reporting methods that consume significant effort and time.
Oracle EBS reporting software allows enterprises to easily generate data from various sources in Excel, PDF, and other formats. This information creates real-time reports and eliminates repetitive tasks.
Did you know?
The ultimate goal of any business is to gain timely, accurate, and actionable insights that fuel informed decision-making and drive growth. Automating Oracle EBS data reporting makes this goal possible by optimising data processes, ensuring precision, and delivering insights when they matter most.
For example
A large financial institution struggles to manage invoices and track outstanding payments, which often consumes an excessive amount of time. The dependence on manual report generation and employee involvement makes the process more tedious and inefficient.
Oracle EBS reporting software simplifies the process by allowing businesses to access real-time financial data and generate reports and analyses instantly. The automated error-checking features smooth the reporting process, ensuring reliable data for financial reports, maintaining data integrity, and improving overall operational efficiency.
What are the Benefits of Automated Reporting in Oracle EBS Cloud?
Effective reporting is essential for any business. In the Oracle EBS cloud, the reporting is more convenient. With built-in tools and storage flexibility, organisations can reduce labour-intensive processes.
This capability not only reduces workload but also enhances strategic planning by offering timely and centralised reports tailored to specific needs.
The following benefits of automated reporting in the Oracle EBS cloud are:
Minimises Human Error
When datasets grow in an enterprise, the need for human lifting is likely to arise, leading to cognitive errors. Oracle EBS’s automation capabilities guarantee the maintenance of high data accuracy levels. This approach significantly reduces the likelihood of human error, resulting in the acquisition of more reliable insights.
Saves Time and Money
The automation functionality in Oracle EBS can facilitate real-time reporting, thereby reducing the excess time required for report generation. By reducing labour costs and freeing up resources, organisations can invest in growth and innovation. This helps enterprises achieve financial savings and maintain a competitive edge.
Free up Technical Talent
Enterprises frequently encounter an issue where employees spend time on manual report preparation, which affects the decision-making process. Automated reporting addresses these challenges by eliminating repetitive tasks and streamlining workflow within the company.
Standardising Reporting
Users can generate reports with a consistent structure, resulting in a unified view of reporting in the Oracle EBS. With reporting templates, organisations can customise the reports, ensuring precision, eliminating discrepancies across departments, and enhancing collaborative performance.
What role does a Powerful BI Tool play in achieving successful Reporting in Oracle EBS
Key Reasons to Integrate an Advanced BI Tool to boost reporting process in Oracle EBS
Rigid Reporting
Many organisations struggle with inflexibility in their reporting processes within Oracle EBS, making it difficult to adapt to changing business needs. Additionally, the platform often provides limited capabilities for visual representation of data.
Advanced BI tools enable dynamic and real-time reporting capabilities and visualisation options. These tools facilitate better data manipulation and comprehension, as well as scalability, allowing businesses to seamlessly integrate data from multiple sources while adapting to growing data volumes and more complex reporting needs.
Outdated Reporting and BI Tool
The native reporting capabilities of Oracle EBS solution can sometimes fall short, lacking the visualisation and advanced data integration features that can affect the decision-making process.
To fix these issues, integrating a more advanced BI and Oracle visualisation tool that supports AI and ML functions is essential. Such BI tools provide you with more insights and better predictive capabilities, which are essential in today’s fast-paced business environment, resulting in a favourable outcome.
Inability to Leverage Existing Applications
Oracle EBS reporting may not fully integrate with existing or other applications, resulting in data silos. This approach may affect access to the crucial information. The integration of a powerful BI tool connects data from different systems and applications, giving users a complete view of their business operations.
Note:
- Evaluate BI tool options that integrate well with Oracle EBS.
- Implement a BI tool with strong data visualisation capabilities.
- Train staff on the new BI tool to maximise its benefits.
Before choosing the right BI Tool for your reporting process in Oracle EBS, it is important to look into the features that match your business requirements.
This includes scalability, ease of integration with existing systems, and support for generating accurate reports based on actionable insights.
Features of the robust BI tool are:
Self-Service Reporting
Enterprises using Oracle EBS face the challenge of dedicating their time to preparing data rather than analysing it, which limits their ability to gain in-depth insights and make informed decisions.
A prominent BI tool offers self-service reporting, enabling business users to instantly create and view customisable reports, eliminating the need for technical assistance.
The advanced Oracle EBS solution also provides direct access to real-time data in Oracle EBS, simplifying the understanding of data connectivity and improving decision-making.
Seamless Integration
Many businesses encounter integration issues due to system upgrades, which result in slow performance and disrupt reporting. An advanced Oracle EBS solution fosters seamless integration. For users, the system automatically organises and displays all important organisational information.
The solution simplifies reporting by integrating complex data fields, guaranteeing that businesses can run reports without worrying about security issues or disruptions during system upgrades.
User-Friendly Interface
Intergating a BI tool can be quite challenging in the Oracle EBS, resulting in quick data connectivity and understanding. However, consider choosing a no-code BI tool that offers pre-built connectors and report templates across various modules. This streamlines the implementation of an effective reporting environment, leading to a reduction in the Total Cost of Ownership (TCO).
Simplified Excel Report Creation
Businesses have always used Excel extensively, but they still manually generate reports in Excel by exporting data from Oracle Reports. An advanced BI tool allows for instant data access, boosting productivity while reducing data inaccuracies and manual effort.
Combined Oracle EBS and Fusion Cloud Reporting
Disconnected data sources and limited visibility can hinder business decision-making regarding Oracle EBS and Fusion Cloud. A streamlined integration can automate processes and provide a complete view of your operations.
Future-Proof Your Reporting Capabilities with SquareOne’s Oracle EBS Solutions
SquareOne, a trusted digital transformation partner in the Middle East, understands the full potential of Oracle EBS reporting and analytics. In partnership with SplashBI, SquareOne provides a robust and advanced Oracle EBS reporting solution. The solution is user-friendly and cloud-enabled, providing enterprises with simple access to reports and quick insights.
As business operations evolve, SquareOne offers this tailored solution, which enables organisations to leverage real-time data insights and optimise performance across various industries.
Final Note
Enhancing Oracle EBS reporting is a vital, ongoing process that empowers organisations to leverage their data effectively. By adopting advanced BI tools and automated reporting solutions, businesses can access valuable insights instantly, reducing time spent on report preparation and enhancing operations.
This approach not only keeps enterprises agile but also fosters a culture of data-driven decision-making. By modernising reporting processes, organisations can improve accuracy while allowing teams to focus on strategic initiatives and stay ahead of the curve.
What if you could maximise your Oracle EBS reporting? Reach out to the experts today at SquareOne Technologies for optimal analytical insights.
FAQs
Oracle reports, part of Oracle Fusion Middleware, refer to a reporting database. They are a powerful tool that helps businesses create detailed reports. With them, enterprises can quickly and securely share information with people inside and outside the company.
Oracle EBS (E-Business Suite) is a set of applications that run on your organisation’s local servers, databases, and storage systems. On the other hand, Oracle’s cloud infrastructure hosts Oracle ERP (Enterprise resource planning) cloud applications, enabling users to access them through the Internet.
Main types of BI reporting tools,
- Self-service BI tools: Allows users to create and update reports on their own without needing help from IT teams or deep technical knowledge.
- Enterprise BI tools: These tools are specifically built for large enterprises. They offer advanced analytics and reporting features across different teams, ensuring data is well-managed and easy to share.
- Cloud-based BI tools: Cloud-enabled BI tools offer scalability features that allow users to access and analyse data in real time from anywhere.
Reporting in Oracle Fusion refers to its advanced platform that uses an analytics-based data model. It generates reports from the same data source and allows users to get detailed, up-to-date business information.
Oracle Cloud Reporting and Analytics provides a self-service platform with intuitive data visualisation and reporting tools. This approach helps users to explore data and gain insights that swiftly identify problems and drive solutions for better decisions.
