Inplenion Consulting Delivers Accelerated Financial Consolidation and Reporting through Oracle Accelerate Solution for the Construction, Retail, Distribution and Manufacturing Industries Based on Oracle Hyperion Financial Management
Dubai, UAE, May 22, 2013 ─ Inplenion Consulting today announced Financial Consolidation and Reporting, an Oracle Accelerate solution for the Construction, Retail, Distribution and Manufacturing industries, based on Oracle Hyperion Financial Management. The solution is designed to deliver significant value to clients through the embedding of best practices in International Financial Reporting Standards (IFRS), financial and consolidation statutory reporting, and through decreasing the total cost of ownership (TCO). Inplenion Consulting is a Specilaized Oracle Accelerate solutions provider and a Gold-level member in Oracle Partner Network (OPN).
Inplenion’s Oracle Accelerate solution based on Oracle Hyperion Financial Management is formed from best practices and previous experience in the field where Inplenion has gained a clear understanding of its customers’ needs and goals. The main objective is to bring together proven best practices and to significantly lower TCO for clients through adopting a rapid implementation approach.
The Oracle Accelerate solution offers a predefined structure for the Balance Sheet and the Profit and Loss statements. Asset, Provision, Equity and Movements Schedules are also available allowing for the Cash Flow statement and the financial notes to be easily derived. An audit trail from trial balance to consolidated result is provided, assisting in a complete transparency of financial consolidation and reporting.
Implementation and training time on average is reduced from 6-8 months to 2 months inclusive of a trial consolidation run with the client. The Financial Consolidation and Reporting Oracle Accelerate solution from Inplenion offers its customers a financial management solution for growth to scale and also allows its customers to adapt to organizational changes they may undergo without redefining their entire financial model.
As an IFRS-based consolidation and statutory reporting solution, Inplenion will offer its Financial Consolidation and Reporting Oracle Accelerate solution to growing Construction and Real Estate, Manufacturing, Retail and Distribution businesses. Due to the growing demand in the region, such industries face significant challenges and the visibility this solution can offer its customers may be crucial in their decision making and will help present the right facts and KPIs to facilitate key decisions and business strategies.
“We are very excited about the launch of our Oracle Accelerate solution for Financial Consolidation and Reporting based on Oracle Hyperion Financial Management and are keen to create success with it. Customers can benefit from our best practices and save significant time and effort with this solution that by itself is a great value proposition that Oracle and Inplenion worked together to offer,” said Ibrahim Al Lahham, partner, Inplenion Consulting.
“I have worked with Inplenion in the past and I was very impressed with their depth of knowledge and passion about Enterprise Performance Management. I believe they are capable of bringing the required consulting value and best practices to organizations in the field of financial consolidation and statistical reporting,” said Izak Vorster, head of strategy, Al Qudra Holding.
“Oracle’s partner community continues to develop innovative and valuable business planning solutions to enable our midsize customers to align finance & operations,” said Steve Cox, vice president, Oracle Accelerate for Midsize Companies. “The industry expertise and reach provided by our partners such as Inplenion, is critical for companies looking to own specially tailored solutions for their industries.”
About Oracle Accelerate
Oracle Accelerate provides simple to deploy, packaged, enterprise-class software solutions to growing midsize organizations through Oracle’s network of expert partners. Created by Oracle's expert partners, Oracle Accelerate solutions are simple to deploy, industry-specific packaged solutions, designed for fast time to benefit, which means getting the right solution in place quickly, inexpensively and with a controlled scope and predictable returns. The best Oracle Accelerate Solutions are based on Oracle Business Accelerators, which are powerful, cloud-based rapid implementation tools developed and maintained by Oracle to get you up and running on a wide range of Oracle Applications, both quickly and reliably. Oracle has more than 290,000 midsize customers who buy Oracle to grow. To find out more, visit www.oracle.com/accelerate.
About Oracle PartnerNetwork
Oracle PartnerNetwork (OPN) Specialized is the latest version of Oracle's partner program that provides partners with tools to better develop, sell and implement Oracle solutions. OPN Specialized offers resources to train and support specialized knowledge of Oracle products and solutions and has evolved to recognize Oracle’s growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to differentiate through Specializations. Specializations are achieved through competency development, business results, expertise and proven success. To find out more visit http://www.oracle.com/partners.
Headquartered in Switzerland, with MEA Offices in the UAE, Egypt, KSA and Jordan, Inplenion is providing Enterprise Performance Management and Business Intelligence consulting expertise to its Middle East & Africa Customers with a local presence. With a number of references in various countries, such as the UAE, Qatar, Saudi Arabia, Kuwait, Egypt or Oman, our implementations in various Industries, such as Banks, Oil & Gas, Real Estate or Public Sector are a proof of the quality of our services. Our experts guide our clients through the initial business concepts and implementation of proven Enterprise Performance Management Solutions (EPM) to customized Business Process Management (BPM) Systems. We are proud to be one of the very few consultancies that understands the critical link between EPM and BPM disciplines and integrates them through our methodology. We are business minded, systems savy, and strive to understand your unique challenges promptly and to develop customized concepts and solutions that will empower you and your company to achieve higher returns while reducing risk. To find out more, visit http://www.inplenionmea.com/.
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