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When Larry Ellison claimed that customers using Oracle’s In-Memory Applications will witness “ungodly speeds” when accessing real-time analytics from their databases—he wasn’t kidding.
Oracle in-memory applications were recently rolled out; these applications were designed to make business critical information, requiring the analysis of large volumes of data, readily available to customers running on Oracle Engineered Systems. JD Edwards EnterpriseOne customers having been staking out opportunities to accelerate the activities that drive their business performance, by leveraging two recent, real-time project management and sales in-memory applications: EnterpriseOne In-Memory Project Portfolio Management and EnterpriseOne In-Memory Sales Advisor.
Project Portfolio Management
Project Portfolio Management allows project managers to analyze and manage multiple projects from one application and gain executive insight into a project’s performance, in real-time. Key stakeholders have access to real-time financial and contractual data that allows them to conduct intricate analysis for multiple projects within their portfolio—executed at record speeds.
The ‘Single View’ feature provides immediate access to deep project financial insight and gives project managers full visibility into how projects are running.
Through a single interface, they can understand and gain insight into budgets, actual costs, completion time estimates, and earned value as soon as they need it. Single View also has multi-currency capabilities that help increase control over multi-currency projects.
Tasks can be display and filtered within projects based on user-defined thresholds. With one click, users can quickly change the summary view and drill down project items by job description, project type, region and other relevant variables.
This means better control over how to optimize project profitability.
Sales Advisor
The JD Edwards In-Memory Sales Advisor lives up to its name—as it parses through multitudes of entered sales data captured at order entry in order to give sales managers insight into profit per order, sales trends for specific customers and targeted groups, as well as recommendations for up-selling.
The application is designed to be used with enterprise tools that also keep track of business inventory and sales information, in order to target prospective customers’ with the most relevant upsell and cross sell recommendations.
Sales Advisor utilizes multi-threaded logic processing to break down and assess a customer’s entire price schedule and display opportunities “with quantity level breaks, product bundles (baskets), and order level discounts in real-time”, says Oracle. For example, sales reps can use the software to alert them if higher purchase quantities trigger a freebie that could incentivize the customer’s path to decision.
Thanks to an intuitive, graphical view of profit information during sales order entry, sales teams can not only cut costs associated with setting up and maintaining pricing discounts and promotions, but help to identify revenue driving opportunities and deliver a consistent standard of excellence in customer service program, thanks to relevant, timely and targeted up-sell and cross sell recommendations.
Conclusion
JD Edwards in-memory applications improve data processing agility and help support an enterprise’s global project management and sales activities through tightly integrated and tested components. To learn more about how in-memory applications can help drive the performance of your JD Edwards software, contact the Syntax team today.
Old ERPs aren’t funny… Or are they? Find out here. »
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