Its better late than never. You are in a far better position now as I can see 70% completion in Costing UAT. From that perspective, I value your feedback and the perspective you have put in your mail below. I sincerely believe, this discussion is worth discussing considering transition into an integrated ERP solution for the future.
Oracle offers standard budgeting, budgetary control and associated features in General Ledger. All other sub-ledgers (AP, AR, PO, INV etc.,) can refer to this information and exercise control while performing transactions. This functionality provides for maintenance of budget information against an Account Code Combination in GL (a combination of all of the segments in the COA). This standard functionality is not used in Renata and the To-Be documents has no mention of any Budget related requirements/solution.
Coming up to your mail, Are you looking at maintaining Production Volume, Overheads Budget at the level of a Product / at a Product Category level.. ? If yes, the standard budget solution available in GL cannot meet the requirement as the designed COA structure (please see screenshot below) for your company doesn’t have product/product category information. Yet, this requirement can be achieved through work-around like enabling DFF information / custom tables in Oracle and using this information in custom report development.
Oracle offers standard budgeting, budgetary control and associated features in General Ledger. All other sub-ledgers (AP, AR, PO, INV etc.,) can refer to this information and exercise control while performing transactions. This functionality provides for maintenance of budget information against an Account Code Combination in GL (a combination of all of the segments in the COA). This standard functionality is not used in Renata and the To-Be documents has no mention of any Budget related requirements/solution.
Coming up to your mail, Are you looking at maintaining Production Volume, Overheads Budget at the level of a Product / at a Product Category level.. ? If yes, the standard budget solution available in GL cannot meet the requirement as the designed COA structure (please see screenshot below) for your company doesn’t have product/product category information. Yet, this requirement can be achieved through work-around like enabling DFF information / custom tables in Oracle and using this information in custom report development.
UAT Costing issues discussion with KPMG consultants
![UAT Costing issues discussion with KPMG consultants]()
Reviewed by Hosne
on
9:46 AM
Rating:
