IDCS

What is IDCS?

Oracle Identity Cloud Service is a security and identity platform that is built for both On-premise and Cloud service(mostly Hybrid Clouds) platforms.IDCS is built on the cloud with the main purpose being to allow a single sign on to work on multiple features while having a up-notched level of security.IDCS is designed keeping in mind the features of cloud services such as Scalability,Elasticity,Ease of Deployment etc.

IDCS has functions and licenses which allows users to sign in once to gain complete access to multiple applications, administrators to manage users and grant access to applications,generate data and reports from the data collected thus far.IDCS integrates with existing ERPs,implements Standard OpenId Connect(allows the clients to identify end user based on authentication performed),provides support for SAML2 Browsers(SAML2 is a version of SAML which deals with exchanging authorisation and authentication within security domains).

IDCS is integratable with external cloud services(providers other than Oracle) and uses a bridge to connect the external on-premise identities with IDCS,and changes made in the on-premise identity will be moved via the bridge to IDCS to be implemented there as well.This gives the customer rights to decide when they want to move from on-premise to cloud.

IDCS provides strong security that can be used for SaaS,PaaS and IaaS.

Main Purpose of IDCS

Security  by Providing SIngle Sign On,Identity Management and Identity Authentication.

Easy Access to features since it integrates directly with existing ERPs.

Hybrid Identity while working on cloud or on-premise.

How is IDCS Applicable to the Industry

As a cloud (allowing both on-premise and cloud resources to be secured from a single set of controls)

From Mobile(as a Native App or from the Mobile Browser)

For employee-facing intranet and customer-facing extranet solutions.

Oracle Financial Consolidation & Close Cloud Service (FCCS)

Use of FCCS

FCCS was built in order to replace HFM,so there wouldn't be a need for server maintenance and upgrade patches.

High level overview

FCCS is used for maintaining financial consolidation(collecting data from various departments and consolding it to be used for reporting purposes) and close process.FCCS allows any organization to customize and build an application with the features that they truly require avoiding the rest.Because of this,instead of working around features that are not needed,they can simply be avoided.FCCS is upgradable with every new release which benefits the customer.

Any organization can build and use keeping in mind their customer content.The framework of FCCS has financial intelligence which is inbuilt,which holds access to an ever growing library of prebuilt dimensions, calculations ,reports and dashboards.

Oracle ODI Cloud Service (Oracle Data Integration)

Purpose

Cloud technology is growing at a rapid rate and almost all business are moving to cloud rather than being on premise.But many companies have come across integration problems,many have missed project deadlines,there is also a major breach of security and there are multiple integration options.All this calls for a good Integration Tool.

Oracle Integration Cloud Service integrates applications across clouds and on premise.Integration Cloud Service provides automatic backup and upgrades thereby giving the organization time to concentrate on more important tasks in hand like creating applications.The major benefit that Integration Cloud Service provides is eliminating the need for codes to be written and run in order to perform integration.

High level working Idea

The extract load and transform architecture extracts data from the sources, loads it into a target, and executes the transformations .ODI makes Knowledge Modules flexible and extensible.Since ODI has multiple Knowledge Modules Libraries,it can be customized to use which provide high performance.

Oracle Account Reconciliation Cloud Service (ARCS)

Purpose

ARCS is built with the sole purpose to manage Reconciliation(to check that two sets of records are in agreement) Process.ARCS provides real time access which makes sure that all reconciliation which occurs is properly qualified.

ARCS achieves this by Reconciliation Compliance and Transaction Matching.

Reconciliation Compliance makes sure that the correct format is used to ensure complete justification.Compliance risk based preventive control structure makes sure that there isn't any loss in the quality of data.

High level overview

ARCS allows a user to set their own rules  for each process at the beginning of the cycle.

There are prebuilt formats,but organisations can customize additional formats if needed.

Monitoring ,Reporting and Analysis can be done easily.

It allows organizations to streamline and get better performance.

One of the Main reasons to use ARCS is that the risk of having 0 balance,low threshold or other risks can be minimized.

Oracle Analytics Cloud Service ( OACS )

What is OACS and its purpose

OACS is PaaS which deals with AI ,Machine Learning and Service Automation.OACS is highly user friendly.OACS  is built to provide a dynamic platform which demolishes barriers between various sources which changes the way information is analysed and worked on.

OACS Overview

OACS comes in 3 editions to allow a person to choose what they need.

The 3 editions are - Standard edition, Data lake edition and Enterprise edition.

• Standard Edition is the basic edition which offers self service discovery and data prep which is done by ML and can be used across multiple platforms.

• Data Lake Edition is the higher than Standard edition and so provides all what Standard Edition provides with the addition of accelerated analysis which is done by Essbase(MDBMS).

• Enterprise Edition is the highest edition offering everything that both Standard edition and Data Lake Edition provide with the addition of support for a full semantic layer(it is a business representation of corporate data) which provides proactive analytics.

Revenue Management

This system is used to to keep track of revenue as defined in ACS 606 and IFRS 15 (Contracts with Customers).The framework is able to recognize revenue at any given time.

Oracle Revenue Management Cloud can work with any cloud application as it is not restricted by any barriers.In addition to this it can access data and publish data to both EBS and ERP Cloud Services.

Main Purpose

Both ACS 606 and IFRS 15 have new principles which need to be followed,as the old principles are replaced.

High Level Working Overview

Revenue Management Cloud identifies any contract with the customer from ERP,EBS or Third Party Sources.This data is then analysed and performance obligations and accounting contracts are created.

The transaction price is then calculated by totaling the order values of all orders.

Based on ACS 606 and IFRS 15 requirements,transaction prices are allocated.Revenue Management has multiple dimensions to arrange and maintain the prices.

Oracle Revenue Management Cloud makes use of subledger accounting rules engine which enables the user to generate entries for multiple ledgers.

Based on when either party recognizes or derecognizes a liability the system based on ACS 606 and IFRS 15 the service accumulates or receives payments over time and revenue is recognized.

rochelle Cunningham

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