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Chief Financial Officer at Alaqtar Real Estate Development Company l Big 4 I Consulting I Audit Committee I Steering Committee I Merger & Acquisition Committee I Board Member I
As the Project Director for ERP Implementation at Alaqtar Real Estate Development Company, I successfully led the implementation of Oracle Cloud Fusion for Finance, Projects, and Procurement. The project was completed on time, within the budget and with exceptional data accuracy. Financial Managers are well suited to implement financial solutions due to their data expertise. To ensure project success, I avoided the following common pitfalls: ● Vague Scope of Work: A clearly defined agreement with the consultant outlined the project's boundaries. ● Lack of Clear Objectives: Well-defined goals provided a roadmap for the project. ● Inadequate Change Management: Effective communication and training addressed employee concerns and resistance. ● Insufficient Testing: Rigorous testing identified and resolved potential issues before go-live. ● Underestimated Costs and Time: Accurate resource estimation and timeframes prevented delays and budget overruns. ● Poor Project Management: Strong leadership and coordination ensured efficient execution. ● Customization Overload: A balanced approach to customization avoided complexity and delays. ● High Employee Turnover: Reducing employee turnover maintains project momentum and continuity, resulting in significant cost savings and successful implementation. I want to extend my heartfelt gratitude to everyone who collaborated with me step by step to successfully implement the system, with special thanks to my finance team and colleagues from other departments. #ERP #Implementation #Finance #Software #System #Cost_Saving #Data_Accuracy
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Construction Industry ERP's.. Enterprise Resource Planning Systems. Integrated Management's Systems. Coins / Oracle / Sage / Sap to name but a few. As a commercial professional within the construction industry, I can honestly observe that after 17 years in industry Ive never come across one of the above that is actually fit for purpose. Various support functions have always worked quite well though I've worked for a few reputable tier 1 main contractors in that time and none of them have (or had at my time of employment) a tool that enables commercial professionals to operate as efficiently as necessary and practice their profession as effectively as possible. Accompanying Excel and offline management tools are very commonly needed to enable the 'QS' to produce and report on a contracts commercial performance with confidence. Whether these be subcontract liability schedules, effective material and plant registers providing accrual confidence and or mechanisms of staff and labour timesheets that all require additional inputting admin front end, to spit out reliable data back end. Never have I come across one that offers a full suite of efficiency and commercial accuracy that allows a contract team and support teams to input all data in to one in workable time frames to result in accurate and reliable usable information for construction project reporting and forecasting on a live, weekly, fortnightly or monthly basis. LIVE JOB COSTING AND P&L performance data is something that I've never had the luxury of experiencing in my career to date through all of the companies I've worked for.... Am I the only one who feels like this? Why is it such a hard nut to crack? Does the unicorn system exist? I feel like modern day commercial professionals are still kind of like the forensic scientists of the 1950's, fully understanding the intellectual associations of their trade, though they didn't have the machines / software at that time that now makes matching DNA or Fingerprints a matter of seconds rather than weeks and months... If any contacts on here think they currently work with one that ticks every box I'd be super interested to learn about it. I'm not in a position to grab the bull by the horns and try to implement one in to my current business just yet. I know these things cost a lot to Implement and roll out which makes it difficult to correct for any business once one has already been committed to. Though I just find it quite disheartening witnessing billion pound businesses spend millions building their own systems in house because for some reason, no one outside of them seems to have created one that's truly fit for purpose and available off the shelf. Signed off. An exhausted and extremely frustrated commercial professional.
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What roles do you, as a business, need to create when you start on your ERP project? To my mind - there are two critical roles, no matter how small the company is. 1) An experienced project manager who will guide the company through the project. This role is very different from the project manager that the implementation partner will employ. This PM will be 100% on your side, pushing back at some points against the vendor - and sometimes encouraging you to do more & quicker. Get a contractor to do this role if you don't have somebody with experience in-house. 2) An ERP administrator. They may or may not be experienced in ERP, but need to be ready to work with the vendor to learn as much as they can. They will write basic reports, manage the user administration & security, help users to understand the system and generally be the "go-to" person when the system goes live. This can be a training role at the beginning - it will be a permanent role within the business. Other people will also need to dedicate time - finance people, procurement people, sales people, manufacturing people - in fact somebody from all areas of the business that will interact with the ERP. They will become the functional experts & will guide the implementation partner in the way that the business works, so that it can be configured correctly. These roles will pay for themselves time & again. #erp #projectmanager #implementation #roles
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As a Financial Planning & Analysis (FP&A) professional, using Oracle's Enterprise Performance Management (EPM) solutions for analyzing and processing OPEX (Operational Expenditures) and CAPEX (Capital Expenditures) accruals involves the following steps: 1. **Data Integration**: Begin by integrating financial data into Oracle EPM from various sources, including ERP systems. Use Oracle Data Management to ensure data accuracy and consistency. 2. **Setup and Configuration**: Configure Oracle EPM modules such as Oracle Planning and Budgeting Cloud Service (PBCS) for budget and forecasting processes. Set up dimensions and hierarchies related to OPEX and CAPEX. 3. **Data Entry and Validation**: Input or import accrual data into the system. Utilize Oracle EPM's data validation tools to ensure accuracy. 4. **Analysis**: Leverage Oracle Financial Services Analytical Applications (OFSAA) for detailed analysis. Use reporting and analysis tools like Oracle Smart View to generate insights on OPEX and CAPEX accruals. 5. **Forecasting and Budgeting**: Employ Oracle's forecasting capabilities to predict future accruals. Update budgets and forecasts based on analyzed data to align with strategic goals. 6. **Review and Adjustment**: Regularly review accruals against actual performance. Use Oracle EPM’s variance analysis tools to identify discrepancies and make necessary adjustments. 7. **Reporting**: Generate and distribute reports using Oracle EPM’s reporting tools, such as Oracle Financial Services Analytical Applications, to communicate insights to stakeholders. 8. **Compliance and Documentation**: Ensure all processes and data adhere to regulatory standards and document all accrual-related activities for audit purposes. By following these steps, FP&A professionals can effectively manage OPEX and CAPEX accruals using Oracle EPM solutions. #accruals #oracle #fpna #amazon #jll
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🔓Unlock the full potential of Oracle's Project Accounting with our purpose-built solution! 🚀 Managing Project Accounting in Oracle can be complex and time-consuming, leaving room for human errors and impacting the reliability of your ERP. Our solution brings a game-changing approach, seamlessly integrating flexible Excel spreadsheets. Now, you can effortlessly oversee project definitions, demographics, expenditures, assets, and resources. All data elements are visible simultaneously for multiple projects, empowering you with unparalleled control. Say goodbye to manual processes and hello to efficiency! Make simple changes across hundreds of projects or tasks in less than a minute. 🕒 Boost accuracy and reliability in your ERP – it's time to streamline your Project Accounting with ease. Visit our website to learn more! 🌐https://hubs.la/Q02gtB1X0 #more4apps #oracleprojects #oracleerpcloud
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Hi all Immediate need Please share me resume with murali@meritore.com Local to MA Only Project Manager -Hybrid Wilmington, MA PM: Need exp with Oracle, cloud, project Management, worked with big companies like PWC, ERP implementations, preferably a local PM able to come on site as required. In person meetings for P3 SIT testing/ data loads thing like that.. This would be a week where onsite 3 days a week would be required. Other weeks could be 1-2 days on site. PM Works with key stakeholders to define project outcomes, develop the project plan/schedule, and secure resource commitments for successful delivery of the project. Leads project initiation process to obtain budgetary approval and facilitates project governance stage gate approval processes. • Creates overall project schedule in accordance with the defined systems development lifecycle (SDLC) phase milestones, ensuring estimates are articulated and accurate, work is broken down into discrete and measurable tasks, dependencies are understood, and resource commitments are obtained. • Owns the project resource roster and develops/manages the project budget including capex/opex allocation, third party invoicing against actuals, and reconciliation of internal labor hours. Reports on the project budget (budget vs. actuals, variances, estimate to complete forecasts). • Develops and reports on objective metrics for monitoring project performance relative to timeliness, budgets, quality and effectiveness. Provides regular project status reporting to all key stakeholders. • Monitors and controls all changes to project schedule, scope, or budget. Facilitates regular governance process (Steering Committee) to ensure proper authorization of changes to projects. • Owns critical project communications, ensuring issues are driven to action, all parties are informed on the status of the project and that expectations are managed. • Proactively identifies issues and drives risk remediation plans where required.
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Director of Business Development & Senior Technical Recruiter at EDI Staffing, voted one of "America's Best IT Staffing Firms" by Forbes
ATTENTION: We have a problem, some companies are getting carried away with job titles. I just saw an IT Director/WMS/EDI/ERP Administrator posted. That's like a whole IT department. Probably a good idea to not apply for that unless you want to do four jobs at once. Keep it simple and set expectations with a realistic job title and description from the start and you'll get good candidates. Less can be more.
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Enterprise resources planning (ERP) is a structure for classifying, defining, and standardizing the business operations required to efficiently plan and manage a company so that it can leverage its internal expertise to pursue external advantage. The article below summarizes that ERP can reduce inventory, improve quality and also shorten the cycle time. https://lnkd.in/gBQRVZ59 Margaret A. Kidd, CMILT, CPE™ , Supply Chain & Logistics Technology - University of Houston, José manuel velarde, #spring2024sclt4375
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Finance Manager
I'm looking for a (Finance - Manager) to join a very reputable company in the Security industry with the below requirements: (1) Develop and implement financial planning strategies, including budgeting, forecasting, and long-term financial modeling. (2) Analyze financial data, identify trends, and provide insights to support strategic decision-making and mitigate financial risks. (3) Monitor financial performance against targets and provide regular reports to management, highlighting key findings and recommendations. (4) Develop financial models and perform cost-benefit analysis to assess project viability and profitability. - Bachelor's degree in Finance or Accounting. - 10+ years of experience. - SAP User If interested, send your CV to mahmoudadawyhr@hotmail.com with the job title mentioned in the subject.
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