The Ultimate Guide to Mass Allocations in Cloud ERP
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Overview and other details


Whether your entity needs to move charges from cost center to cost center or reclass burden and overhead charges in GL due to limitations in some other package, mass allocations are a useful tool for accurate management reporting.  While the ideas and concepts are known to many, the proper way to create and execute them are known to very few.  This session will aim to solve that issue for Oracle Cloud ERP based allocations. The presenter will show users two specific use cases and show how the system must be configured from the account hierarchies to the actual allocation setup steps to achieve desired result.

Learning Objectives:

  1. Understand the Mass Allocation Process: How balances are stored, calculated, and allocated.
  2. Understand how to define a mass allocation and key components.
  3. Determine when it is appropriate to use a mass allocation versus a direct charge.


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Who is Attending

Thomas Simkiss

Thomas Simkiss

Thomas Simkiss is a Director of Cloud Solutions at Creoal Consulting, where he designs and supports solutions for customers moving to the Oracle Cloud. He is an Oracle Applications ACE, a prestigious recognition for his thought leadership and contributions to the Oracle community.

With over 25 years of experience in ERP system design and implementation, Thomas has a deep understanding of business processes, intercompany accounting, foreign currency transactions, and SOX compliance. He has specializations from Oracle in Cloud General Ledger, Accounts Payable, and Accounts Receivable. He has also authored and presented multiple white papers on ERP topics at Thomas’s mission is to help customers achieve success in the ever-changing cloud world.

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Jeff Hare

Jeff’s extensive background includes public accounting (including Big 4 experience), industry, and Oracle Financials experience. Jeff has been working in the Oracle Applications space since 1998 with implementation, upgrade, and support experience. His focus on the development of internal controls and security best practices for companies running ERP Applications. Jeff is a Certified Public Accountant (CPA), a Certified Information Systems Auditor (CISA), and a Certified Internal Auditor (CIA).

Jeffrey has worked in various countries including Austria, Australia, Brazil, Canada, Germany, Ireland, Mexico, Panama, Saudi Arabia, United Kingdom, and United Arab Emirates.  He is a graduate of Arizona State University and lives in northern Colorado with his wife and three daughters.

Specialties: Risk advisory services for organizations using ERP Applications. Internal controls and security design and implementation services. GRC-related software selection and implementation services.

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