Automating Accounting Hub Cloud Integration with Oracle Integration by Kishore Katta

Background (What is Accounting Hub Cloud?)image

Oracle Fusion Cloud Accounting Hub is a robust accounting engine that integrates and aligns information from virtually any source system to consistently enforce accounting policies and meet multiple reporting requirements, giving you the agility, control, and insight needed to run your business.

As an integrated accounting platform, Accounting Hub standardizes the accounting from multiple third party transactional systems to consistently enforce accounting policies and meet multiple reporting requirements in an automated and controlled fashion, and with minimal disruption to existing financial processes. The core capability of Accounting Hub is the robust accounting engine, delivering flexible configuration that captures rich elements from your existing business systems

Accounting Hub improves the agility of finance organizations with a simple process for integrating source systems into one enterprise-wide accounting platform and recording financial transactions from the subledgers to enhance reporting.

Why we need to Automate the Process of importing Transactions?

Customers with high volumes of transactions from diverse industry applications such as internet services and marketplaces, billing systems for telecommunications, core banking platforms, logistics, or claims systems for insurance, Accounting Hub can receive transaction information from these external source systems and apply rules to create detailed accounting entries to meet virtually any accounting requirement. They need to integrate new industry-specific systems or recently acquired companies into their existing environment and automate the whole process of importing accounting transactions seamlessly into Accounting Hub.

Usecase

A Financial Services company Vision Corp (a fictitous company) has multiple transaction systems (for Loans, Insurances, Billing etc.,) acquired or home-grown over a period of several years. Each of these systems have limited or no accounting & reporting capabilities. Fiscal reporting involves manual consolidation of accounting which is spread across disparate transaction systems. Vision Corp would like to centralize the process and bring down the consolidation time & efforts with touchless automated accounting & reporting processes.

Solution

Oracle Inegration capabilities are used to automate the process Subledger posting of Loan Transactions into Accounting Hub Cloud. Out of the box ERP Cloud adapter capabilities helps to integrate seamlesslly with UCM Services and ESS jobs to further simplify the import process. The solution provides automated processing to bring the transaction data files from the registered source systems into the ERP Cloud. This includes data from other external sources, such as other custom applications, transaction systems, or legacy ERP. Optionally, data transformation processing may be required for data sourced from other external files which doesn’t match the template. Read the complete article here.

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Oracle Integration Update Webcast June 16th 2022

OIC customer webcast HQ June 2022Attend to get the latest updates and innovations on Oracle Integration May 2022 release. Our Oracle Integration Product Manager Team will present new features, product roadmaps, discuss upcoming innovations and provide guidelines to help you adopt these quickly within your organization.

Oracle Integration as part of the OCI Ecosystem & API Gateway

Customers buy solutions not products – OIC is the solution for connecting your apps, extending your apps, gaining business insight into your business processes, creating net new web and native mobile apps on top of your app apis. But what if OIC is not enough for some use cases? Then remember OIC is a cloud native OCI service, one of many others – these "others" can be easily leveraged from OIC to provide the business solutions customers require.

Oracle API Gateway is a comprehensive platform for managing, delivering, and securing Web APIs. It provides integration, acceleration, governance, and security for API and SOA-based systems. Oracle API Gateway is available on Windows, Linux, and Solaris (for more details, see the Oracle API Gateway Installation and Configuration Guide). This topic describes the high-level functionality available in the Oracle API Gateway.

Agenda:

  • Welcome & announcements
  • May release update Oracle Integration
  • Oracle Integration as part of the OCI Ecosystem
  • API Gateway for Oracle Integration
  • Questions & Answers

Speakers:

  • Robert Wunderlich, Director Product Management, Oracle HQ
  • Niall Commiskey, Senior Director Product Management, Oracle HQ
  • Jürgen Kress, Director Product Management, Oracle HQ

Schedule: June 16th 2022 at 8:00 a.m. San Francisco, 17:00 Paris

For details please visit the registration page here.

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Integration & Process Partner Community Newsletter May 2022

Dear PaaS Partner Community

A busy fiscal year 2022 completes May 31st 2022. In the last months we established regular customer updates for digital assistant and integration. Quarterly newsletters, product updates and customer success webcasts promote the great success and continue growth. Interested to present your success story? Let us know!

May 2022 schedules for the Oracle Integration Bootcamp include EMEA & South America. For additional workshops please visit our community website here (free membership required).

Thanks to the community for sharing all the integration articles: Oracle Integration Cloud Volume-I: Design Patterns: Understand everything about Oracle Integration Cloud to utilize it optimally for ERP Cloud Integrations & ERP Integration Callback Implementation in Oracle Integration Cloud & IWS Reports – Design and Architecture & OIC On OCI Status Page & Create IDCS user with OIC creation privileges & OIC Responsys Adapter & Blending PaaS Data with SaaS Reporting Using OIC to Break Data Silos & Configure Oracle HCM Cloud Adapter Connection & Subscribing to Business Events in OIC & How to create and test custom ESS job in Oracle SaaS & Reading the latest file from SFTP in OIC & OIC with OAuth 2.0 & OIC & OAuth 2.0 Part 2 & OIC & OAuth 2.0 – Part 3 & Create Schedule Service SOAP Connection & Split a CSV file into multiple based on a column in OIC & Schedule BI Publisher Report through OIC & How to call Oracle SaaS ESS job using Oracle Integration & Subscribe to HCM Updates ( via ATOM Feed ) & How to terminate an instance after transaction rollback and return response to caller.

In the process & innovation section we published the getting Started with Oracle Process Cloud Service online course!

For a short summery of our monthly key information watch the PaaS Partner Updates on YouTube. The May edition highlights an Integration and Chatbot starter kit and the on-demand Partner Technical Forum. In this month’s community webcast the Digital Assistant Team will introduce Visual Flow Designer. Please join the PaaS Partner Community Webcast May 31st 2022. On-demand webcast recordings are available at the Oracle Video Hub.

Want to publish your best practice article & news in the next community newsletter? Please feel free to send it via Twitter @soaCommunity #PaaSCommunity. Visit the Community Website (membership required) for the latest Oracle Integration product information including sales kit, training and marketing material & slack channel!

To read the newsletter please visit https://bit.ly/paasnewsmay2022

Please like and share the newsletter at Twitter and LinkedIn.

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The OIC ecosystem – Integration & OCI Services – an Overview by Niall Commiskey

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Customers buy solutions not products – OIC is the solution for connecting your apps, extending your apps, gaining business insight into your business processes, creating net new web and native mobile apps on top of your app apis. But what if OIC is not enough for some use cases? Then remember OIC is a cloud native OCI service, one of many others – these "others" can be easily leveraged from OIC to provide the business solutions customers require.

The above graphic shows the OIC capabilities and the OCI Services discussed in this post. Seems a lot doesn’t it? Especially when you consider that most customers will start of with a simpler set of requirements. But let’s start with our EBS customer, who is transitioning to Fusion ERP. Yes, the graphic below is from me – apologies for it’s basic nature – but I like keeping things simple.

The above details the basic requirements from a customer perspective. Note the rest of the customer’s ecosystem is not shown here. There will probably be many other COTS and custom applications involved e.g. PeopleSoft, Siebel etc.

This post will not discuss what the customer plans to do with such – e.g. leave PSFT on-premise or maybe run it on IaaS or even transition to Fusion HCM. I also do not discuss the customer’s current on-premise integration architecture. Maybe she is using SOA Suite and will need to run many of those integrations for the near future. In other words, the transitioning from EBS to Fusion ERP means the customer has 2 ERPs for a certain length of time; the same goes for integration solutions. There is bi-directional connectivity between OIC and SOA Suite, which makes this transition easier. So now, after all of those disclaimers, let’s start…    

Data Integration may be interesting for the initial seeding of EBS data in Fusion ERP. It may also be useful for high volume database replication use cases – real time data lakes / operational reporting – look at Oracle GoldenGate here. Think of data integration for large amounts of data at rest that need moving somewhere (bulk data movement / preparation) i.e. after the business processes, that put the data there, have ended. Application integration is more focused on integrating (near) real time data between the apps in your ecosystem. 

I have already alluded to the fact that Application Integration is a must for ensuring communication between your ERP and its ecosystem – consider all your stovepipe apps and the horizontal business processes that traverse them.

For example, that ecosystem will also contain your CRM, where you manage your customer relationship – contacts, opportunities etc. Application Integration is there to help keep those contacts in sync as well as implement the orchestration required for your Opportunity to Order business process, amongst a multitude of other integration use cases.

You are extremely happy with your ERP of choice, and sure why wouldn’t you be? But what about that extra approval workflow that is specific to your organization? This is where App Extensions come into play. You need the ability to easily create such human centric workflows that provide that extra functionality you need. Those supplementary workflows also need to be embedded  in your ERP, so your ERP end users have a streamlined experience. Read the complete article here.

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February 2022 Oracle Integration Update by Antony Reynolds

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It is time for the February quarterly update to Oracle Integration. With holidays over and winter upon us here in the Northern Hemisphere, Bluebell the cat is pleased to share all our new features and improvements. Note that testing is still underway for these features and, although unlikely, it is possible that some will not meet our quality standard and be deferred to a later release.

Announcements & Update Windows

Currently tenant administrators get notified of OIC Gen 2 updates via notifications in the OCI console. OIC Gen 2 administrators can also see the same update notice in the OIC console, so watch out for the date of your update.

If you previously tagged your instance for update in window 1, as explained in Choose Your Update Window, then there is no need to tag it again. If it is not yet tagged for window 1, then the deadline for tagging for February was 15 January but you can still add it for the May release. Tags added after January 15 will take effect for the May and subsequent releases.

Prebuilt Connectivity Enhancements

As usual there are enhancements to existing adapters as well as important new adapters.

New & Enhanced Oracle Integration Adapters

New and enhanced adapters for both Oracle and non-Oracle applications are released this quarter:

Details on the above will follow shortly.

Process Automation

  • User interface updates
  • Display Count of Tasks for a filter Criteria

Summary

There are a number of new features in this quarterly release. The deadline to tag instances for update in the first wave passed on January 15 but now is the time to tag any untagged instances for the May release. Announcements of the deadline for May tagging will be posted in the OIC Latest Features Blog. Keep an eye out in the OCI and OIC consoles for the update notice. Enjoy the future! Read the complete article here.

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Angel Oak Lending automated Excel Gymnastics with Oracle Integration

imageConnect Oracle SaaS (ERP, HCM, CX) Angel Oak Lending – Oracle Integration Customer Success Webcast Series

Learn how leading brands benefit from Oracle Integration as the foundation for digital business.

Accelerate your multicloud modernization with prebuilt connectivity to any SaaS, on-premises, and custom applications. Jump-start your Oracle ERP, SCM, HCM, and CX projects with embedded best-practice integrations, easy-to-use recipes, and business accelerators.

Join Knex’s Basheer Khan, with Angel Oak Lending’s Ravi Correa, Chief Financial Officer, to learn how Oracle Integration Cloud can immediately deliver value for your Cloud Applications projects. In this webinar you will learn:

  • How using Oracle Integration Cloud improves accounting process efficiencies in the Financial Services industry
  • How prebuilt integrations with connectors can speed up delivery timelines
  • How to leverage Oracle Integration Cloud to further augment Oracle Analytics Cloud

Watch the on-demand webinar here.

PaaS Partner Community

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Oracle Integrations Certifications

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Enablement and certification are key to cloud success. At the Oracle Learning Center partners can attend free on-line classes and certifications. Additional we offer the latest implementation exams ($245 or free vouchers) for:

· Oracle Integration Cloud 2022 Sales Specialist

· Oracle Integration Cloud 2022 Solution Engineer Specialist

· Oracle Cloud Platform Application Integration 2021 Specialist | 1Z0-1042-21

· SOA Modernization Overview

PaaS Partner Community

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Watch on-demand PaaS Partner Community Webcasts

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For our partners we published more than 100 Oracle Integration and Digital Assistant webcasts. Subscribe to Oracle video hub to watch them on-demand here. Via the Oracle iLearning Plus platform video and presentation downloads are available. In case you can not access Oracle eLearning please contact the OPN team and ask to check your profile OPN credentials.

Watch the on-demand videos at the Oracle Community channel here.

Take the opportunity to watch our community webcasts on-demand:

· Multi-Cloud Integration between Oracle SaaS and MS Azure using Oracle Integration

· DevOps with FlexDeploy for Oracle Integration LHR customer case study

· Advance your Career! How to become a certified Oracle Cloud Platform expert?

· Connect Opera Cloud to the World

· Helping you build awesome digital assistant experience

· Innovate PeopleSoft with an intelligent chat assistant

· Adapters Oracle Integration & Advantco

· How to connect your B2B ecosystem using Oracle Integration

· Connect, Innovate & Extend SaaS Partner Launch

· Oracle Cloud Platform Partner Launch Webcast on-demand

· Oracle Visual Builder What’s New

· Accelerate your chatbot projects with Oracle Digital Assistant Templates

· Identity Propagation call from Integration Cloud to Oracle SaaS Applications

· Extreme Scalability and Enhanced Resilience for OIC

· SOA Modernization

· How Process Workflow can extend the role of Integration

· Innovate Service Cloud with Chatbots

· Chatbot Design best practices for Conversational UX

· Integration Insight

· Innovate HCM with Chatbots

· ERP Integration with Application Adapters

· HCM Integration with Application Adapters

· Extend SaaS with Visual Builder Cloud Service

· Integration Adapters

· Integrate SaaS

For the latest information please visit Community Website (Community membership required).

PaaS Partner Community

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Integrate SaaS hands-on Bootcamps Webtraining Europe Middle East & Africa May 10th, 12th, 17th 2022

https://soacommunity.files.wordpress.com/2022/02/image-17.pngOracle Product Management is pleased to invite Oracle Partners to attend a 3-days hands-on workshop on how to integrate with ERP & HCM applications using Oracle Integration Cloud. This Invite-Only hands-on workshop will be delivered at No-Fee to Partners. It will consist of presentations, demos, and hands-on labs.

Oracle Integration Cloud (OIC) offers Integration, Process Automation and Visual design capabilities that help business analysts and IT specialists to automate end to end business processes across departments. Oracle Integration Cloud offers a simple recipe to be successful in this application integration and process automation journey: Build, Integrate and Engage.

Schedule:

For additional location please visit our website here (community membership required).

PaaS Partner Community

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Integration & Process Partner Community Newsletter April 2022

Dear PaaS Partner Community

Missed the Partner Technical Forum 2022? Watch the Oracle Integration track on-demand here. The goal is the update you on the last Oracle Integration services and product roadmap. With 1077 attendees over the 3 days the integration track was a super success. Presentations are published at our Platform Partner Community Websitemembership required (we provision new users regular).

· Next Generation Oracle Integration – Suhas Uliyar & team

· Integrate SaaS (ERP, HCM, CX, 3rd party and custom applications) – Antony Reynolds

· Partner Resources and Summery & wrap up day 1 – Jürgen Kress

· Adapters & Accelerators & Recipes – Michael Meiner

· Business Process Management – Arvind Venugopal

· API Management – Robert Wunderlich

· Data integration platform – Peter Inzana

· Extend SaaS with Visual Builder – Shay Shmeltzer

· Oracle Integration hands-on live labs, Nathan Angstadt & team

Additional schedules for the Oracle Integration Bootcamp include US & Canada & India in April and EMEA &  South America in May. For additional workshops please visit our community website here (free membership required).

Thanks to the community for sharing all the integration articles: Oracle Integration Business Accelerator for Siebel Loyalty and CrowdTwist & Blending PaaS Data with SaaS Reporting Using OIC to Break Data Silos & How-to Do Error Handling When Integrating With Fusion ERP & Create IDCS user with OIC creation privileges & OIC New Features March 2022 – Magento Adapter & Enable Oracle Integration Activity Stream to OCI Logging service.

In the process & innovation section we published an article Build your web forms with reusability in mind from Arvind Venugopal.

For a short summery of our monthly key information watch the PaaS Partner Updates on YouTube. The April edition highlights the Partner Technical Forum. In this month’s community webcast Sid Joshi will present DevOps & Hybrid Cloud Native Application. Please join the PaaS Partner Community Webcast April 26th 2022. On-demand webcast recordings are available at the Oracle Video Hub.

Want to publish your best practice article & news in the next community newsletter? Please feel free to send it via Twitter @soaCommunity #PaaSCommunity. Visit the Community Website (membership required) for the latest Oracle Integration product information including sales kit, training and marketing material & slack channel!

To read the newsletter please visit https://bit.ly/paasnewsapril2022

Please like and share the newsletter at Twitter and LinkedIn.

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