The financial application suite of products shares a common
data model and a set of integrated applications to give the enterprise a
holistic view of their data. This enables the enterprise to view their
business/financial information in a consolidated view and assist in their
making informed decisions.
The product also share-due to this tight integration-data
elements across them so that an entity (say an employee) that has been setup in
one product is the same entity(employee) that is used across all products that
require that entity. This reduces maintenance overhead and leads to accuracy in
the data that is used across the products.
Shared entities allows one-time definition of a business
object so that it can be used across various modules. The ownership of a shared
entity within a business organization may vary but technically the ownership is
linked to the single module.
Here is list some often used shared entities with
corresponding product owners:
Shared Entity Owner of shared entity
Unit of Measure
Inventory
Items Inventory
Suppliers Purchasing
Customers Receivables
Salespersons Sales
Employees Human
Resources
Locations Human
Resources
Currencies Application
Object Library
The Application Object Library (AOL) is a technological layer that
owns a lot of internal data elements and currencies happen to be part of this
product.
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