Reach Solutions Inc

Pay-when Paid 👉 Solved 💫 Implementing Pay-when Paid: https://lnkd.in/dh6jxhRk Benefits of Implementing Pay When Paid in Oracle Cloud ERP ➡ Improved Cash Flow Management: Aligns outgoing payments with incoming receipts, reducing the risk of cash flow issues. ➡ Enhanced Financial Control: Provides better oversight of payables and receivables. ➡ Increased Transparency: Automates tracking of payments, improving visibility into financial transactions. ➡ Streamlined Processes: Reduces manual intervention and errors by automating payment processes.   💫💫 Breakdown of benefits   ➡Improved cash flow management: - Prevents payment to subcontractors until the customer invoice has been collected - Enables better visibility into cash inflows and outflows   ➡Enhanced visibility and control: - Provides project managers with enhanced visibility of vendor invoice information - Allows management of invoice holds directly from the supplier workbench - Offers real-time visibility into payables data, enabling tracking of invoices and payment status   ➡Automated processes: - Automatically places invoices on pay-when-paid hold when created - Can automatically release pay-when-paid holds when customer invoices are fully collected - Automates data exchange between systems for contracts, change orders, compliance status, invoices, and payments   ➡Streamlined workflows: - Centralizes the procurement process, providing a unified platform for managing requisitions, purchase orders, supplier collaboration, and payments - Enables automatic linking between Payables and Receivables for project-based invoicing ➡Reduced errors and risk: - Eliminates manual, paper-based processes - Performs automated verifications - Provides a full audit trail through a single point of payment administration   ➡Better compliance management: - Enables automated checks to prevent overpayments - Allows for payment holds tied to compliance   ➡Improved supplier relationships: - Offers sub-tier management capabilities - Provides more timely payments to subcontractors   ➡Cost savings: - Reduces risks associated with manual invoice processing, late payments, duplicate payments, and errors   ➡Integration capabilities: - Seamlessly integrates with other Oracle ERP modules and most major accounting systems - Allows for real-time information exchange between systems   ▶▶▶ By implementing a solution for pay-when-paid functionality in Oracle ERP Cloud, organizations can significantly improve their financial processes, reduce risks, and enhance overall operational efficiency in managing payments to subcontractors and suppliers. ◀◀◀ #ConstructionERP #ContractingERP #OracleERPCloud #OracleFinancials #OraclePayables #PayWhenPaid #SubContractors #financials #finance #projects #projectmanagement #PMI #construction #solutions #solutionarchitect #operations #efficiency #integration #reducerisks #subcontractors #suppliers #financialprocesses

https://lnkd.in/gDNVkJTr ✨Procurement✨ 👉 What Are Optimus Packages: ✨ They are Fixed Price Fixed Cost projects that we undertake to implement Oracle ERP Cloud produces under the following restrictions: ➡ Predefined Scope  ➡Cover specific functions and processes  ➡Include pre-defined deliverables,  ➡Executed in a fixed price within a pre-determined period. #Procurement #OracleERPprocurement #OracleCloud #ERPCloud #FixedPrice #Projects #projectmanagement #PMI #sourcing #supplychain #oracleprocurement

😊 What is Pay When Paid? ➡ “Pay When Paid” is a payment clause in contracts that stipulates that a subcontractor or vendor will only be paid after the main contractor receives payment from the client. This clause helps manage cash flow risks by aligning outgoing payments with incoming cash flows.

🗣 Payment, ONLY AFTER, YOUR systems acceptance and It is a 🗣 Fixed Price Implementation Over 2 decades of expertise and experience

💫Implement Inventory https://lnkd.in/gDNVkJTr 🗣 Payment, ONLY AFTER, systems acceptance 🗣 Fixed Price Implementation 👉 Includes: ➡Implementation of Processes ➡Inventory Org Design ➡Enterprise Architecture Design Workshop ➡Data Migration Items and Items Balances   👉 Processes Included: ➡Plan to Replenish ➡Material Request to Delivery ➡Return Request to Return 👉And More...   💫For more info: Optimus Packages - Reach Solutions Inc  #QuickWins #FixedPriceImplementation #OracleERPCloud #Cloud #MRD #OracleFinancials #OracleInventory #SystemsAcceptance #Processes #BPO #SME #finance #PTR #RMA #implementation #Inventory #dataMigration #migration

👉 Optimus Packages - Reach Solutions Inc ➡ Implement Financials ‼ Payment, ONLY AFTER, systems acceptance ‼ Fixed Price Implementation ⏩ Implementation of Processes ⏩ Chart of Accounts Design workshops ⏩ Enterprise Architecture Design Workshop ⏩ Data Migration of 12 months of balances and open transactions ⏩ Training of Core Users ⏩ Processes ⏩ Invoice to Receipt ⏩ Acquisition to Retirement ⏩ Invoice to Payment ⏩ Report to Reimbursement ⏩ Bank Transition to Cash Position ⏩ Period close to financial reports #Implementation #financials #processes #chartofAccounts #invoicetoreceipt #periodclose #Cashposition #financialreports #BPOs #ERP #OracleERP #fixedprice #PMI #projectmanagement #architecture #solutions #cloud #cloudworld #businessprocess #datamigration #designworkshop #data #Training #fixedPrice

https://lnkd.in/gDNVkJTr 😎 Payment, only AFTER, system acceptance. #fixedPriceImplementation Fixed Price Implementation. 🙋♂️ What Are Optimus Packages: They are Fixed Price Fixed Cost projects that we undertake to implement Oracle ERP Cloud produces under the following restrictions: Predefined Scope  Cover specific functions and processes  Include pre-defined deliverables,  Executed in a fixed price within a pre-determined period. 😀 What are the deliverables of the Optimus Packages: 👉 Each package might have specific deliverables for the business area it covers, but they all share the following common deliverables: ➡ Process Diagrams ➡ Configuration Workbooks ➡ Code (for reports and integrations) ➡ Role based User guides ➡ Recorded Training Sessions. ➡ System Testing Scripts ⭐ Let's setup for success! Send me a message! Call 832.632.or send inquiries to Info@reachs.us #Implementation #financials #inventory #procurement #BPOs #ERP #OracleERP #fixedprice #PMI #projectmanagement #architecture #solutions #cloud #cloudworld #businessprocess #oraclepartner

https://lnkd.in/gVfz-HNS 🗣 Inviting Oracle ERP Practitioners/Users/BPO’s to seek solutions for a specific business problem within a set timeframe. 🗣 If our experienced consultants do not successfully solve the problem within the stipulated timeframe of 2 weeks, the challenger receives a prize of an Amazon Gift card of $100. 👉 IF the problem is solved, the challenger gets the details of the solution, and the solution is published on our website. Submit entries to: info@reachs.us 👀 The solution can be any of the following: 👉 a suggestion for a change in Application configuration, 👉 a suggestion for OIC integration, 👉 a suggestion to build a scheduled process program within Fusion, 👉 a suggestion to build functional capabilities using Oracle’s page composer within Oracle Cloud ERP, 👉 a suggestion to change the business process (the proposed business process will be provided), #OIC #ERP #Implementations #OraclePM #Cloud #Oraclecloud #BPO #PMI #Projectmanagement #amazon #win #users #solutionsarchitect #architect #Finance #supplychain #manufacturing #Businessprocess #Houston #Dallas #Austin #USA #teamwork #oraclepartner #cloudworld #processmanagement

https://lnkd.in/gAUyYxer Click on the link for an Outline of strategies to foster ownership and encourage widespread adoption of ERP systems within the user community, ensuring the project’s long-term success. https://lnkd.in/gAUyYxer #changemanagement #ERP #Implementation #cloud #Oracle #useradoption

https://lnkd.in/gBDCtuar 🤺 Project Rescue 🚵♂️ Bring the ERP system implementation back to on track, or close to it. Align it with business objectives, and ensure that the delivered system will support organizational processes effectively. 🔊 Sometimes the implementation projects faces challenges and difficulties. It might be time to think of how to salvage the project and steer the implementation back into the right track. ➡ Our approach to Rescue Projects entails the following activities 🏍 Assessment and Analysis: Conducting a detailed analysis of the current state of the ERP system, including its configuration, data integrity, and user feedback. 🏍 Strategic Planning: Developing a strategic plan to address identified issues, which may involve reconfiguring the system, enhancing data migration processes, improving integration with other systems, or providing additional training to users. 🚴♂️ Customization and Optimization: Tailoring the ERP system to better align with the organization’s unique needs and optimizing its performance for enhanced efficiency. 🚴♀️ Change Management: Implementing change management strategies to ensure smooth transitions, user acceptance, and adoption of the revamped ERP system. 🤺 Testing and Quality Assurance: Rigorous testing to ensure that the modifications and enhancements do not introduce new issues and that the system operates seamlessly. 👉 User Training and Support: Providing comprehensive training to users on the updated ERP system and offering ongoing support to address any queries or issues. 🤖 Documentation: Updating system documentation to reflect the changes and improvements made during the rescue project. #Assessment #analysis #pmi #projectmanagement #strategy #changemanagement #testing #qualityassurance #UserTraining #support #documentation #oracle #ERP #fusion #supplychain #manufacturing