Membership Level: Gold

Flexible Calculation Module (QIS FCM) for JD Edwards EnterpriseOne

 Quality Innovative Systems, Inc.

Quality Innovative Systems, Inc.
910 Greene 726 Road,
Paragould, AR   72450
United States

Solution Summary:

We Make EnterpriseOne Calculations Simple & Easy

System-wide Patent Pending Flexible Calculation Module Helps JD Edwards EnterpriseOne Customers with Complex Calculations

QIS FCM™ is an EnterpriseOne system-wide powerful Microsoft® Excel like scripting language tool that allows power users to calculate any and all formulas related to their business. The QIS FCM is so easy to use and helps users set-up and maintain complex formulas by using IF, THEN, or ELSE statements without having to get time constrained IT resources involved. This comprehensive tool accesses information from any data source and its use is applicable across all functional areas from finance, human resources and payroll, distribution, inventory, manufacturing, IT, and more.

“Our Flexible Calculation Module is designed to help JD Edwards EnterpriseOne (E1) customers simplify calculations that are difficult to do with standard JD Edwards’ functionality and also enables calculations that are done by third party software to be done easily within the core functionality of Edwards”, said Donnie Law, President of QIS. “It’s the core calculation engine we have used in our real estate and utility billing software enhancements, but it also opens up all of EnterpriseOne to use Excel like Formula based calculations. With our FCM you don’t have to hard code calculations in programs.”


Solution Profile:

Eliminate Hard Coding
Power users can now create and manage their own formula calculations without IT having to hard code any programs inside EnterpriseOne.

Other Benefits Found by Customers Using QI FCM

QIS FCM areas of use are unlimited, but early customers have found the module to support.

  • Finance - Fee & Interest Calculations, Reporting totals and sub totals on Balance Sheet, Income Statements, Cash Flow reports, and running financial “What-If” scenarios,
  • Inventory - Product Cost Analysis,
  • Manufacturing (Shop Floor Control) - Performance Analysis and Variance Reporting,
  • Distribution - Sales Performance Analysis, Vendor Performance Analysis, Complex Pricing, and Complex Freight Charges and
  • HR/Payroll - Executive, Incentive, K-12 Education and other Compensation Calculations, and much more,
  • IT - EnterpriseOne Development requiring formulas and other calculations

 

Distinguishing Features:

“QI Systems’ Flexible Calculation Module (QI FCM™) has enabled us to simplify the setup and maintenance of complex billing rules. What used to be maintained outside of the system is now maintained inside EnterpriseOne with QI FCM. We now have a flexible, centralized data entry system that gives us the ability to accommodate any formula calculation scenario. Other immediate expected benefits from using the QI FCM include a 40% reduction in person hours to process all of our billing rules and improved reporting capabilities." - Brian Lord, IT Manager, Boston Properties

“I am excited about our partnership with QI Systems, Inc. and the potential for their Flexible Calculation Module (QI FCM™) to dynamically generate amortization schedules that pass through as vouchers in our accounts payable system”, says Dave Pigott, Vice President of Application Development for Boston Properties, Inc. “Currently these schedules are maintained off-line and journal entries are required to properly allocate principal and interest. I believe the enhancements we are creating with QI Systems will also benefit JD Edwards EnterpriseOne customers in other industries.”

Solution Details
Solution AvailabilityGlobal
Company Size Solution is Targeting < 50
Open Source Solutions No


Related Initiatives
Financials (FMS)


Testimonials

“QI Systems’ Flexible Calculation Module (QI FCM™) has enabled us to simplify the setup and maintenance of complex billing rules. What used to be maintained outside of the system is now maintained inside EnterpriseOne with QI FCM. We now have a flexible, centralized data entry system that gives us the ability to accommodate any formula calculation scenario. Other immediate expected benefits from using the QI FCM include a 40% reduction in person hours to process all of our billing rules and improved reporting capabilities." - Brian Lord, IT Manager, Boston Properties

“I am excited about our partnership with QI Systems, Inc. and the potential for their Flexible Calculation Module (QI FCM™) to dynamically generate amortization schedules that pass through as vouchers in our accounts payable system”, says Dave Pigott, Vice President of Application Development for Boston Properties, Inc. “Currently these schedules are maintained off-line and journal entries are required to properly allocate principal and interest. I believe the enhancements we are creating with QI Systems will also benefit JD Edwards EnterpriseOne customers in other industries.”


Data Sheets

http://qisystems.net/uploads/QIFCM_DS_04152011.pdfnefit

 Quality Innovative Systems, Inc.

Quality Innovative Systems, Inc.
910 Greene 726 Road,
Paragould, AR   72450
United States

Founded in 1998, Quality Innovative Systems®, Inc. (QIS) is a Gold member of the Oracle® PartnerNetwork as an ISV and software reseller. Our executive management team offers over 75 years of combined Oracle JD Edwards EnterpriseOne and World software development and IT consulting experience. QIS's headquarters and software development office is located in Paragould, AR, with an international sales office located in Salt Lake City, UT and a Global Client Services office located in Dallas, TX. We provide superior and patent pending software technologies that simplify complex EnterpriseOne system-wide formula calculations through our Flexible Calculation Module (QIS FCM™) and Flexible Billing Module (QIS FBM™). We also provide comprehensive customer care and billing solutions for mid market Private/Public Utilities (QIS UBSReady™) and Real Estate Property Management (QIS PMP™) JD Edwards EnterpriseOne® customers.

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