Profource Banking Cloud

1. Profource Banking Cloud
OOW14
Jan Groenen , Hakan Biroglu
October 1st, 2014

2. Agenda
• Who are we?
• Brief introduction Profource
• What are why of the Profource Banking Cloud
• Demonstration - Profource Banking Cloud
• Related Topics
• Questions
October 1st, 3 2014 OOW14 – PBC

3. Who are we?
Hakan Biroglu
Software Architect Oracle
Applications
Jan Groenen
CFO
October 1st, 4 2014 OOW14 – PBC

4. Brief introduction Profource

5. October 1st, 6 2014 OOW14 – PBC

6. About Profource
• Our goal is to perform better than expected;
• Based out of The Netherlands, International Projects
• 100% specialized Oracle service and knowledge partner
since 2002;
• 280 consultants realize the best usage of Oracle customers
enterprise applications and systems by combining specific
knowledge of business processes with the power of Oracle;
• First European customer for Oracle Fusion Applications;
Financials, HCM
• Oracle Open World 2013 and 2014 speakers.
7 October 1st, 2014 OOW14 – PBC

7. Profource Banking Cloud
What and why of the Profource Banking Cloud?

8. Why the Profource Banking Cloud
Our experiences
• Oracle Cash Management
functionality is extended in
Oracle Fusion Applications
• Much better compared to Oracle e-Business Suite R12,
PSFT and JD-Edwards
9 October 1st, 2014 OOW14 – PBC

9. Why the Profource Banking Cloud
Our experiences in Fusion Financials:
• No build-in functionality to fully automate Cash
Management activities (End-to-end)
• Lockbox files not provided by local non US banks
è Manual processing of Cash Management activities
è Higher lead times compared to other ERP systems
• Increasing labor costs
• Error sensitive
10 October 1st, 2014 OOW14 – PBC

10. Why the Profource Banking Cloud
11 October 1st, 2014 OOW14 – PBC

11. Our solution: Profource Banking Cloud (1/2)
• Creates one “Fusion compatible” bank statement from any
bank format
• Automatically processes AR receipts by means of existing
Oracle functionality (Lockbox) including intelligent
reconciliation
• Self-learning matching algorithm
è Achieving higher match rates > 95%
12 October 1st, 2014 OOW14 – PBC

12. Our solution: Profource Banking Cloud (2/2)
• End-to-end: Automatic feed into Oracle Fusion
Applications
• Imports bank statement & Lockbox file
• Automatically starts processes to process the bank statement
and Lockbox in Oracle Fusion Applications
• 72 times faster
• > 95% match rate
13 October 1st, 2014 OOW14 – PBC

13. Cloud Based
Scenario
Accounts Receivable Cash Management
14 October 1st, 2014 OOW14 – PBC
6.
Send
1.
Upload
bank
statement
2.
Retrieve
customer
data
3.
Match
receipts to
open
invoices
5.
Enrich
bank
statement
4.
Generate
Lockbox
file
Lockbox Bank statement

14. Manual Manual
upload
Profource Banking Cloud
Semi manual
upload
October 1st, 15 2014 OOW14 – PBC
Full suite
(End-to-end)
Upload bank statement
Process bank statement
Upload receipts (Lockbox)
Process receipts
(Lockbox)
Collect open transactions
and customer data
Add reconciliation criteria
to bank statement
Reconcile bank statement
Process miscellaneous
transactions 4 hours* 1 hour* 30 minutes* 5 minutes*
* Processing time per 100 cash receipts Manual – Automatic

15. Benefits
• Real time, time saving, cost efficient & user friendly
• Bank statement with 100 lines within 1 minute
• 72 times faster then manual entry
• No additional setup in Oracle Fusion Applications
• Automatic and intelligent reconciliation of receipts against
invoices
• End-to-end solution
• Volumes processing (50.000 open AR invoices)
16 October 1st, 2014 OOW14 – PBC

16. CX - Customer experience
• Two bank statements consisting of 181 receipts in total
• Bank account 1 è114 Receipts created
• Bank account 2 è 64 Receipts created
• 98,35% match rate
• Total processing time:
• PBC: < 1 minute
• Manual: 6 hours
• 72 times faster, major employee cost savings !!!
17 October 1st, 2014 OOW14 – PBC

17. Demo

18. Technology

19. Life cycle management
• Profource Banking Cloud releases follow Oracle Fusion
Application releases for cloud and on premise
• Cloud approximately 2 releases per year
• On premise releases per 18 months
• Preventive- and corrective maintenance based upon SLA
• Customers never forced to upgrade
October 1st, 20 2014 OOW14 – PBC

20. Security
• ISAE & ISO 9001 certified;
• Working on certification ISO 27001;
• Datacenter is ISO 27001 certified;
• Redundant Oracle servers and storage over two data
centers (different locations);
• Only data processing and mapping based on ID’s,
no customer data is stored.
October 1st, 21 2014 OOW14 – PBC

21. Customer requirements
• Fusion Financials R7 or higher
• Fusion Environment:
Manual
upload
Semi manual
upload
Full suite
(End-to-end)
Cloud N/A • Useraccount
• Custom BIP report
• Useraccount
• Custom BIP report
On Premise N/A • Useraccount
• Connectivity web services
• Custom BIP report
• Useraccount
• Connectivity web services
• Custom BIP report
* User account with the following roles:
- Accounts Receivable Specialist, Cash Manager
October 1st, 22 2014 OOW14 – PBC

22. PBC build with 100% Oracle tooling
• Oracle SOA Suite
• BPEL, MDS, Adapters
• Oracle Database
• PL/SQL packages
• Fusion Applications
• Web services, BI Publisher, UCM, ESS
• Java
October 1st, 23 2014 OOW14 – PBC

23. PBC
October 1st, 24 2014 OOW14 – PBC
FA
Customer A
FA
Customer B
FA
Customer C
Dynamic endpoint & authentication
Externally exposed web services
UPGRADE SAFE
No customizations

24. Related topics

25. Pricing model
• SAAS pricing model for Oracle Cloud;
• Pay per bank statement 2 euro*;
• Pay per bank statement line 0,25 euro;
• Volume discounts per bank and lines;
• One-off fee for set-up
• One-off fee per bank payment file (XML)
* pricing applies to first reference customers, per 01-01-2015 3 euro
October 1st, 26 2014 OOW14 – PBC

26. Wrap up (1/2)
• Profource Banking Cloud
• Cloud based bank statement solution
• Real time, time saving, cost efficient & user friendly
• Creates “ Fusion compatible” bank statement and Lockbox-file
• End-to-end solution (Semi-manual upload optional)
October 1st, 27 2014 OOW14 – PBC

27. Wrap up (2/2)
• Automatic and intelligent reconciliation of receipts
against invoices
• Self-learning logarithm
• Results
• > 98 match rate
• 72 times faster then manual entry
• Fully based on Oracle Fusion Applications technology
October 1st, 28 2014 OOW14 – PBC

28. Going forward
• Co-development with Oracle Development
• Direct Debit / Non Sufficient Funds
• Profource Banking Cloud included in the Oracle Cloud
Marketplace
• Higher volumes > 1.000.000 open AR invoices
October 1st, 29 2014 OOW14 – PBC

29. Questions for Profource
?
Jan Groenen
t +31 (0)78 653 45 45
m +31 (0)6 536 766 33
i www.profource.com
e jgroenen@profource.com
t @jwfgroenen
Hakan Biroglu
t +31 (0)78 653 45 45
m +31 (0)6 229 721 36
i www.profource.com
e hbiroglu@profource.com
t @hakanbiroglu
October 1st, 30 2014 OOW14 – PBC