Reducing Painful Data Entry in Fixed Assets
March 6, 2023
Oracle E-Business Suite Data Loading Solutions
Case Study
The More4apps EBS Toolbox combines the power of Excel and Oracle to release talented staff from repetitive data entry tasks.
About the Client
A Senior Accounting Analyst for a global pharmaceutical company shared how the More4apps Asset Wizard increased her job satisfaction.
Our customer employs the Asset Wizard in her Oracle E-Business Suite (EBS) instance to complete data loading tasks, such as mass additions, source line transfers, retirements, and construction-in-process (CIP) asset transfers to new cost centers, and others.
Challenges
Since our customer manually oversaw Asset data management daily, she didn’t have much time for other high-priority tasks.
Reducing Painful Data Entry in Fixed Assets
Case Study
Oracle E-Business Suite Data Loading Solutions
Mass Additions
“Regarding mass additions, I was manually adding every single invoice from the AP Ledger into the fixed asset ledger line by line. Some months the volume could be 400 to 500 invoices and that obviously was an incredibly time-consuming task,” shared our end-user.
Doing mass additions with the Asset Wizard saved 18 to 20 hours a month.
“I download the mass additions in the Asset Wizard using an invoice number. I edit and then post those mass additions to Oracle” she explained.
The More4apps Asset Wizard saves time, giving our client and other employees like her more time to work on other value-added tasks while spending less time at the office.
Source Line Transfers
When asset costs come from projects, they often get assigned to the wrong asset.
Changes are made directly in the Asset Wizard after project capitalization by transferring cost from one asset to another.
Our end-user had a high volume in this area and saw a significant improvement in her job when she began using Source Line Transfers in the More4apps Asset Wizard.
“I could have 300 to 400 rows worth of invoices/assets to be capitalized into one main asset. The More4apps Source Line Transfer mode does that for me within seconds. Whereas, I historically would have had to go into the Oracle form and manually source line transfer all of those assets into another asset.”
Benefits & Returns
The More4apps Asset Wizard assisted the company in capitalizing more projects on a monthly basis. As a result, its accumulation has been kept low and manageable.
Implementing More4apps solutions frees employees from manual data entry, giving them more time to pursue other interests, grow in their roles, and spend less time at work.
“More4apps changed my perspective of my role and significantly increased job satisfaction,” exclaimed our customer.
Resources
Reducing Painful Data Entry in Fixed Assets
Case Study
Oracle E-Business Suite Data Loading Solutions
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