OFA Replacement
Ready for retirement?
Having been a brilliant servant over the years, Oracle Financial Analyser (OFA) is now approaching a well-earned retirement. It’s not quite ready to call it a day, but the time isn’t too far off – especially when you consider how difficult it is to find and prepare a suitable replacement for taking up its duties. Oracle has announced that it will start phasing out support for OFA over the coming couple of years. Have you considered how you will deal with this, and, more importantly, turn this risk into an opportunity.
Part of the challenge is that OFA has been able to turn its hand expertly to a number of tasks, with Oracle clients using it to develop applications that address their needs for management reporting, financial planning and budgeting and even bespoke applications such as financial consolidation. As a consequence, deciding how to move forward from OFA can be a complex consideration:
* Which technology choices do we have for replacing OFA
* Which processes can we improve by making the best use of current technologies
* Which technologies represent the most appropriate strategic choice
* What best practices can we adopt by upgrading from legacy applications
So how do you go about finding the best replacement for you?
Paragon Consulting Group and their partners are working together to help OFA users identify the best way forward for them. We bring together extensive skills and experience in the business processes for which OFA is used – principally Planning, Budgeting and Forecasting, Management Reporting and Financial Consolidation – with a comprehensive, current and unbiased expertise in all of the significant technologies that support these processes. The pending retirement of OFA is a timely and welcome opportunity to refresh your core financial processes, and we provide expert guidance for those taking the opportunity to enliven and invigorate:
* Planning, Budgeting and Forecasting
* Management Reporting
* Financial Consolidation
For an initial conversation about your requirements get in touch with us we’ll arrange a convenient time to get together. At the very least we’ll be able to shed some light on the best options moving forward, but you might also find the perfect partner for helping you breathe fresh life into your core business performance management processes.
