Keys to the Kingdom: Key Concepts to ARCS Application Design

Session Number: 8245
Track: Financial Close
Sub-Categorization: Account Reconciliation
Session Type: Best Practices
Primary Presenter: Nick Boronski [Product Manager - Financial Close & Consolidation - Alithya]
Time: Jun 25, 2019 (08:50 AM - 09:50 AM)
Room: 204, Level 2

Speaker Bio: Nicholas (Nick) Boronski is a self-proclaimed "home-grown" consultant, as his entire career since completing his undergraduate in interpersonal communication & business/economics has been exploring, engaging, and delivering within the Oracle EPM suite. He is a pioneer regularly trusted with managing the implementation standards of newer products. Additionally, Nick regularly partners with Oracle's Product Management team to successfully support clients through all project phases, from sales to go-live, as well as actively providing feedback on product direction.

Nick brings a vibrant energy and enthusiasm to his work, balancing New England candidness with approachability. While a trusted adviser to multiple companies, Nick also regularly shares his expertise with the masses, producing both blog series and webinars on Oracle’s Account Reconciliation Cloud Service (ARCS) and other solutions. He actively engages with the community through Oracle's Cloud Customer Connect forums, as well as through his social media outlets on LinkedIn and Twitter (@PocketAce_NB).

As someone who has gone through the process of moving from college graduate with no prior work experience to a recognized leader in his industry, Nick has developed a communication style that allows him to bridge the gap between diverse personalities and levels of expertise. His capability to navigate this terrain was recognized by his acceptance into the ODTUG Leadership Class—a program designed to guide and realize the potential in promising “movers-and-shakers.”

Technologies or Products Used: ARCS Reconciliation Compliance, Cloud Data Management

Session Summary for Attendees:  With Account Reconciliation Cloud Service (ARCS) now included in the basket of cloud goodies, the temptation is to tear the packaging and start building. However, even Close & Consolidation experts can have trouble bridging the knowledge gap between more familiar applications (e.g., HFM, FCCS, etc.) and Oracle’s “one-stop shop” reconciliation tool. Incorrect assumptions made early on in the application design can be troublesome later as the project rolls on. Instead, provide your company with a strong foundation by having a firm grasp on functionality, best practice recommendations, and setups for scalability.

In this session, we will discuss how to elicit actionable requirements, review overlooked out-of-the-box functionality, and account for key design concepts in order to establish a strategic enterprise solution for both today and “tomorrow”—giving you the keys to the kingdom!