Leverage Oracle Supply Chain information with the objective of calculating accurate Inventory Valuation.
Maximize tax benefits while complying with inter-company margin requirements of legal entities.
Triniti's Data Quality Dashboard (DQD) has been designed to address issues of poor data quality in an unstable planning environment.
Excess & Obsolete (E&O) Inventory Reserves is the retention of estimated charge from earnings to write down the value of inventory due to expected impairment. Recording E&O Inventory Reserves is according to the principle of conservative accounting which allows the business to estimate inventory losses early on and prevents the balance sheet inventory accounts from being inflated. Accordingly, this is treated as a mandate for the Financial Reporting as per Generally Accepted Accounting Principles (GAAP) as well as during SOX audits. In the absence of a system-driven process for inventory valuation during the period-end closing, business users are required to use spreadsheets to store valuation-related data and set up inventory valuation rules and criteria sets outside of the Oracle ERP system. This process is inherently cumbersome, error-prone, and more importantly, not auditor-friendly. Triniti iReserves is an accurate and simplified offering designed to automate the process and to achieve maximum accuracy of calculating E&O Inventory Reserves by using real-time data. It is a systemic solution where the entire inventory valuation process is automated. It also introduces transparency with detailed explanations for the valuations of each group of materials. It is, therefore, easier to audit.
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Data Sheet: iReserves - E&O Inventory Analyzer
Triniti iReserves is a product that automates the Excess and Obsolescence (E&O) process for Oracle Ebusiness suite. This process in most organizations is manually managed using Excel and email. With iReserves organizations can make the inventory valuation process very efficient and significantly reduce audit costs. It will also make the quarter and year-end closing process more efficient. iReserves comes prebuilt configurable rules, pre-built dashboards and KPI's. Play the video to know about Triniti iReserves.
By going through this demo, you can learn the features of Triniti's iReserves. iReserves automates the reserve calculation as part of the legal and business requirement to reserve excess and obsolescent (E&O) inventory and report an accurate inventory valuation. This process in most users of Oracle eBusiness suite is either completely manual or with some homegrown customization. iReserves has many features that make the process efficient and provides a complete audit trail. It also has built-in dashboards to quickly assess the performance. Play the video to see Triniti iReserves Demo.
Tax Optimization is a critical part of running a global business and our software enables doing that while maintaining the sanity and rigor of doing it within the framework of the EBS. Keep your auditor's happy while at the same time optimize on your taxes!
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ASCP output can be highly complex and confusing. Architected by planners with over 25 years in the industry, DQD allows users to quickly identify and resolve issues in the supply chain.
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