This product guarantees that your bank statement will import into Oracle Financials EVERY TIME. No more debugging and trying to find out what went wrong, it just works. This process also works best when fully automated and APPSolve has expert knowledge and experience in getting this done as quick and efficiently as possible.
APPSolve has established itself as a market leader in providing niche technical services and support to the international Oracle Applications market. APPSolve provide tried and trusted solutions and innovative software products to our clients, helping them to achieve a high return on their Oracle investment.
Oracle E-Business Suite has many benefits and standard functionality that makes it a worthwhile investment to many companies. With APPSolve Software the aim is to move clients from being reactive when issues are experienced to being pro-active in implementing measures that has proven over time to be of great business value. One of these measures is Bank Account Auditing.
Why is Bank Account Auditing needed?
In recent years, electronic fraud has become rife and one of the greatest risks facing companies. One of the main reasons is the lack of proper internal controls making it surprisingly easy for individuals to transfer funds illegally. In addition to financial and accounting risk, weaknesses in banking security and controls can also introduce operational risk. Recent research indicated that one of the most common security weaknesses in bank auditing software is that organizations fail to configure auditing to track changes to high risk information, such as supplier bank account details. To trace this during fraud investigation is extremely difficult and cumbersome. This poses serious threats to the company’s reputation and for its clients. Unfortunately, many companies act reactively and only introduce Bank Auditing once fraud is suspected, resulting in additional cost and time delays to secure the system.
The integrity of information is critical and the accuracy and completeness of information depends on robust security and controls. APPSolve has developed a solution to enable preconfigured auditing of the Oracle EBusiness System, providing the necessary security and control required to protect the integrity of the data and reduce electronic fraud significantly.
Why not use Oracle Standard Auditing?
Oracle’s standard Auditing functionality can easily be enabled. The main challenge with standard auditing is that critical changes are often not picked up. You get so much data, that it is difficult to pinpoint the transactions that might be a problem. There is also no user friendly standard reporting available to look at the audit data and to ensure the info gets to the right person. There is no pro-active alert when suspicious changes are made, thus making this option more re-active. APPSolve Bank Account Auditing utilises the power of the standard Oracle auditing and enhances it to specific needs around Bank Auditing.
What is APPSolve Bank Account Auditing?
APPSolve Bank Account Auditing is a quick to implement proven solution for auditing payroll and supplier bank account details. It provides user friendly reports that enable auditing data to be easily available for investigation or record keeping. Information such as who changed which records, what the values were before and after, is easily obtainable and visible in user friendly reports. Fraud investigations can now easily be conducted. Notifications are available to enable the person responsible for the account information to be alerted if changes are made.
When choosing APPSolve Bank Account Auditing, you are guaranteed the following:
- User friendly reporting and purging capabilities
- Easily obtainable and accurate information in fraud investigation for Supplier Bank Account Details
- Enabling your business to take proactive measures in reducing risks
- Real time notifications
Enabling APPSolve Bank Account Auditing is a fundamental system requirement and will prove to be invaluable to your business. Start managing your risk proactively today!
Paying from Oracle has never been this easy. APPSolve Payment Integration delivers pre-configured bank integration and even if your bank is not yet configured, our experts will get this done quickly and efficiently at no extra cost.
APPSolve Secure Transfer integrates seamlessly into Oracle E-Business Suite to enable end-users moving files between the server and their PC in a secure and audited maner.
If you are running, or planning to run, Oracle E-Business Suite and are concerned about the possible security risk of files being transferred between end-user PC's and Oracle E-Business Suite servers, look no further. APPSolve's experienced DBA's and Developers have developed Secure Transfer to provide a secure solution, managed from within the application, for files being transferred between PC's and servers. In a world where information is a valuable commodity, protecting and managing this is of the utmost importance. APPSolve Secure Transfer supersedes typical FTP transfer applications as it is more secure, easily managed and provides traceability. With Secure Transfer you can easily obtain reports to indicate exactly who performed a certain transfer action and the point in time this was done APPSolve Secure Transfer presents an intuitive user interface which facilitates ease of use and mitigates the risks of both accidental and fraudulent exposure of confidential information.
When choosing Secure Transfer, you are guaranteed of the following:
- Controlled server access – no server usernames or passwords need to be shared.
- Access is controlled by the Oracle E-Business Suite username or responsibility.
- All file transfers are logged for auditing and reporting purposes.
- Seamless integration into Oracle E-Business Suite R11i or R12.
- Quick and easy installation and configuration.
The next generation of secure bank products are here. Imagine doing end to end transacting in a single system. If you have substantial volumes then this product could generate massive cost savings for you while being more secure and efficient. Any Corporate that is not using Host to Host banking, should know exactly why this is not possible or you could be losing out on what technology can do for your business.
APPSolve Cash Management Automation assists clients to automatically reconcile their bank statements. With manual cash deposits our average automated allocation percentage is 89%. Unidentified lines could be automatically reconciled and resolved in Accounts Receivable or managed as normal in cash management. The potential cost saving for clients on this product could be massive making this a client favorite.
AfricaTradeApp is a web based Commodity Management System, hosted in the Cloud, and built on Oracle technologies.
AfricaTradeApp includes the following functionality:
- Capture and manage all your commodity master information such as farmers, storage handlers, banks etc.
- An advanced pricing matrix that allows for market prices, product and services costs, sales pricing and can calculate all the financing, storage and landing costs, to mention a few.
- Capture transactional information such as contracts, purchase orders, warehouse receipts, delivery notes, transporter and supplier payments and customer invoicing.
- Periodic (daily, weekly, monthly) shift and stock takes
- Built-it dashboards as well as analytical and extraction tools. AfricaTradeApp integrates to banking systems to manage electronic payments, bank statement transactions and financing of commodities
- Users have specific access to and roles in the system to enable the transactions to run according to pre-determined workflows
The application is a light, user-friendly application with minimal bandwidth and training requirements. All you need is access to the internet and you can use it. The system is scalable and can be easily cater for any commodity. Better decision making will realize a better chance of success, and in turn this will lead to a better utilization of effort and funds.
AfricaTradeApp was initially created for the grain commodity markets in Mozambique and Zambia where little or no integrated systems exist. The application has since expanded into the fuel, gas and bulk liquid industries in South Africa.
“We are inspired by the important work and great success achieved by Oracle customers committed to a sustainable future,” said Jon Chorley, Chief Sustainability Officer and Group Vice President of Product Strategy, Oracle. “UT Grain Management and APPSolve implemented Oracle technologies in a way that improved business efficiencies, reduced costs, and ultimately supported their eco-transformation. We are honored to award both organizations with a 2016 Oracle Sustainability Innovation Award.”
APPSolve’s ability to take business requirements and convert them into pragmatic solutions within a very short time frame ensures that the technology investment is kept to a minimum whilst the returns and benefits far outweigh the costs. The quick agile deployment of this solution is fast, keeping bandwidth to a minimum and the training requirement are not onerous.
Oracle has awarded AfricaTradeApp its 2015 and 2016 global Excellence Award for Sustainability Innovation, a global award recognizing the value this product in the economic and social upliftment of the local communities in these countries.
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