1 / 19

Integration and Financial Systems

Integration and Financial Systems. February 24 th , 2005. Agenda. Financial Systems as the Foundation for Application Integration Randy Kuehn Demonstration: Current Technology Kim Wilde, CMA Questions & Answers. Randy Kuehn VP Strategy WellPoint Systems Inc.

adaml
Download Presentation

Integration and Financial Systems

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Integration and Financial Systems February 24th, 2005

  2. Agenda Financial Systems as the Foundation for Application Integration Randy Kuehn Demonstration: Current Technology Kim Wilde, CMA Questions & Answers

  3. Randy KuehnVP StrategyWellPoint Systems Inc.

  4. Who is WellPoint Systems? • IFS • AXAPTA • SOLOMON • GP FINANCIAL Axapta Axapta • MAXWELL • RTS • RIG SCHED • OMS • COBRA MIDSTREAM UPSTREAM Microsoft Microsoft .NET .NET OTHER • TBD

  5. What is Integration • The act of taking data from one software application (output) and, without human intervention, using it as input into a separate application. • Integration is the foundation that allows us to extract information from diverse information systems - commonly known as “software applications” – and use it into any other information system

  6. Inherent Benefits Integrity and accuracy • preserved best with only one source • Integration attempts to cross-reference and re-use data Simplified access to data from multiple sources • Integration allows you to access the data stored in other systems

  7. Strategic Benefits Support the business in reaching its goals • Track costs and profitability, metrics • Real time information into the hands of those who need it • Can meet regulatory requirements faster Access to Information • Efficient and secure means of retrieval for decision support • Portals, dashboards

  8. Current state of Integration Varies by company • Data in multiple systems, “best of breed” • Collation and audit activities are time consuming and error prone • Data redundancy & integrity problems exist • Inherent within well architected standalone software products • Customer must buy or build between disparate systems

  9. Where to start? Financial Accounting Systems The Hub of Hub and Spoke • The center of the data universe • Mature systems & processes • Critical data • Technology evolution allows ‘active’ role

  10. So What’s New? • Microsoft enters the fray • Tools and platforms architected for extension and integration

  11. Recent Launch of IFS • Aging/inflexible technology of existing solutions • New technologies/products architected for extension

  12. What is WellPoint IFS? • A world-class accounting system customized to the unique requirements of the Oil & Gas industry • The basis for a comprehensive enterprise resource planning (ERP) platform • A critical integration point for your company’s mission-critical applications

  13. WellPoint IFS: Version 1.0 WellPoint IFS Business Components - Axapta MicrosoftBusiness Framework (XML, .Net) Microsoft Server Platform(MS SQL, MS Server2000 etc.) Customer specific configuration A true integrated financial system! Value to Customer

  14. What are the primary benefits of IFS? • Supports critical compliance with Sarbanes-Oxley • Architected specifically for the Oil & Gas industry • Configurable to the unique needs of your business • Scalable to support the growth of your company • Additional functionality can be added as needed • Robust integration platform.

  15. Return on Investment • Realistic ROI’s defeat Research Groups • “75 percent of Microsoft Axapta customers interviewed achieved a positive ROI from their deployments, with an average payback period of 23 months.” Nucleus Research • Regulatory requirements • TCO • “Microsoft Axapta’s unique layered architecture already facilitates personalization of customers’ business processes without the high costs inherent in upgrading customized software.” Mark A. Jensen, General Manager for Microsoft Business Solutions.

  16. Kim WildeTechnical Consultant, WellPoint Systems Inc.

  17. WellPoint IFSDemonstration

  18. WellPoint IFS: Version 1.0 Highly configurable environment • Labeling can be changed (<1 min). • New tables and fields can be added (5-30 mins). • Features can be enabled/disabled (5-10 mins). • Reporting via wizard, build-in OLAP, cut’n’paste to MS Office suite, business analysis, FRx etc. • Import / export via templates. • Integration with specialized O&G applications (land, production revenue accounting, JIBLink) via BizTalk, COM etc. • Built-in security system (table-, field-, data- & feature-level)

  19. WellPoint IFS: Version 1.0 WellPoint IFS Business Components - Axapta MicrosoftBusiness Framework (XML, .Net) Microsoft Server Platform(MS SQL, MS Server2000 etc.) Customer specific configuration A true integrated financial system! Value to Customer

More Related