Podcasts about General ledger

Episode Title: Ethical Accounting in the Age of Automation: Insights from Bench's ShutdownEpisode Summary:Tom and Jesse from FinOptimal return to the show to discuss the Bench shutdown with Hannah and Joey. Along the way they discuss the rise of AI in the industry, changes to the 150 CPE credit rule, memes, and how CPAs can better convey what they do to clients. The conversation underscores the importance of adaptability, effective communication, and maintaining professional standards amidst technological changes, using Bench's experience as a cautionary tale for the profession.Episode Quote:"No matter what, whoever stays on the cutting edge of what's new is going to be okay. If you have that much red tape and hesitancy to try new stuff, you're going to get left behind." -Tom ZehentnerThe finer details of this episode:● Recent developments surrounding the company Bench and its implications.● Impact of artificial intelligence and automation on accounting practices.● Pricing strategies and the sustainability of low-cost accounting services.● Importance of effective communication and client engagement in accounting.● Future of the accounting profession in light of technological advancements and market changes.Episode resources:●       Summit Virtual CFO by Anders website: https://www.summitcpa.net/●       Email us with questions or if you'd like to be a guest on the show: youngcpasuccessshow@anderscpa.com●       We're hiring! Check out our open positions: https://www.summitcpa.net/career-opportunities●       Check out Tom and Jesse at https://www.finoptimal.com/Timestamps:Podcast Episode TimestampsIntroduction to the Podcast (00:00:00)Overview of the podcast's purpose for young accounting professionals.Artificial Intelligence in Accounting (00:00:22)Discussion on the impact of AI and automation in the accounting industry.Bench's Downfall (00:01:01)Speaker reflects on Bench's failure and compares it to similar companies.Synopsis of Bench's Situation (00:01:46)Speaker provides a brief history and overview of Bench's business model and challenges.Bench's Business Strategy (00:03:10)Analysis of Bench's target market and pricing strategy in the accounting industry.Bench's Abrupt Closure (00:04:12)Details about Bench's sudden shutdown and subsequent acquisition.Discussion on Pricing and Market Position (00:05:16)Debate on whether Bench's pricing strategy contributed to its failure.Building a General Ledger (00:06:18)Insights on the challenges of developing a proprietary general ledger in accounting.Industry Reaction to Bench's Demise (00:08:00)Exploration of the accounting community's mixed reactions to Bench's failure.The Ethics of Offshoring (00:09:15)Concerns about the ethics of offshoring in the accounting industry.Echo Chamber of Opinions (00:10:10)Critique of the repetitive nature of industry opinions following Bench's downfall.Branding Issues in Accounting (00:14:00)Discussion on the lack of clear branding and definitions within the accounting profession.The Need for Standardization (00:15:04)Debate on the challenges of standardizing roles and services in accounting.Empowering the Accounting Community (00:17:49)Call for accounting professionals to charge more and elevate industry standards.Understanding Legal Fees vs. Accounting Fees (00:18:54)Discussion on the disparity in perceptions of value between legal fees and accounting services.The Need for Better Communication in Accounting (00:19:50)Emphasis on accountants demonstrating their value effectively to clients.Challenges in Marketing Accounting Services (00:20:59)Insights on the difficulties accountants face in marketing their services to business owners.Using Memes to Explain Accounting (00:22:06)Proposal to use memes as a tool to communicate accounting concepts to clients.The Importance of Relatable Communication (00:23:05)Advocating for a more human approach in explaining accounting to clients.Targeted Marketing Strategies (00:24:26)Discussion on tailoring marketing strategies to specific demographics like sports fans or millennial moms.Memes as a Service Concept (00:25:35)Idea of creating a service dedicated to developing accounting-related memes for marketing.The Role of Personal Branding (00:26:50)Exploration of how personal branding and visual cues reflect professional identity.Curriculum Changes in Accounting Education (00:28:20)Suggestion that accounting education should include marketing and communication skills.Concerns Over the 150-Hour CPA Requirement (00:29:26)Debate on whether reducing the 150-hour requirement will effectively address the accounting profession's challenges.Need for Practical Skills in CPA Certification (00:31:02)Call for more practical examinations in CPA certification rather than focusing solely on credit hours.Addressing the Accounting Pipeline Problem (00:34:09)Discussion on broader issues affecting the accounting profession, beyond just the 150-hour rule.Podcast Episode TimestampsThe Impact of AI on Jobs (00:36:38)Discussion on how AI won't take jobs, but those who adapt will thrive.Embracing Innovation in Accounting (00:37:00)The importance of trying new technologies to stay competitive in the accounting field.Automation Opportunities in Accounting (00:38:41)Exploration of a tool to automate the closed workbook reconciliation process.Finding the Right Solutions (00:39:15)Discussion on the challenges of finding comprehensive accounting solutions.Leveraging Technology for Efficiency (00:40:03)Insights on using Google Sheets and QuickBooks for effective accounting practices.Product Development and Features (00:46:01)Overview of new products being developed to enhance accounting efficiency.Building Trust in Technology (00:48:00)Importance of reliability in accounting software and the skepticism of accountants.Using Tools in Practice (00:49:10)The value of actively using developed products in real-world accounting scenarios.

The next generation of front-end user interfaces for Oracle Fusion Applications is being built using Visual Builder Studio and Oracle JavaScript Extension Toolkit. However, many of the terms associated with these tools can be confusing.   In this episode, Lois Houston and Nikita Abraham are joined by Senior Principal OCI Instructor Joe Greenwald. Together, they take you through the different terminologies, how they relate to each other, and how they can be used to deliver the new Oracle Fusion Applications as well as stand-alone, bespoke visual web applications.   Survey: https://customersurveys.oracle.com/ords/surveys/t/oracle-university-gtm/survey?k=focus-group-2-link-share-5   Develop Fusion Applications Using Visual Builder Studio: https://mylearn.oracle.com/ou/course/develop-fusion-applications-using-visual-builder-studio/138392/   Build Visual Applications Using Oracle Visual Builder Studio: https://mylearn.oracle.com/ou/course/build-visual-applications-using-oracle-visual-builder-studio/137749/   Oracle University Learning Community: https://education.oracle.com/ou-community   LinkedIn: https://www.linkedin.com/showcase/oracle-university/   X (formerly Twitter): https://twitter.com/Oracle_Edu   Special thanks to Arijit Ghosh, David Wright, and the OU Studio Team for helping us create this episode.   --------------------------------------------------------   Episode Transcript:   00:00 Welcome to the Oracle University Podcast, the first stop on your cloud journey. During this series of informative podcasts, we'll bring you foundational training on the most popular Oracle technologies. Let's get started. 00:26 Nikita: Hello and welcome to the Oracle University Podcast! I'm Nikita Abraham, Team Lead of Editorial Services with Oracle University, and with me is Lois Houston, Director of Innovation Programs. Lois: Hi there! If you've been following along with us, you'll know that we've had some really interesting seasons this year. We covered Autonomous Database, Artificial Intelligence, Visual Builder Studio and Redwood, OCI Container Engine for Kubernetes, and Oracle Database 23ai New Features. Nikita: And we've had some pretty awesome special guests. Do go back and check out those episodes if any of those topics interest you. 01:04 Lois: As we close out the year, we thought this would be a good time to revisit some of our best episodes. Over the next few weeks, you'll be able to listen to four of our most popular episodes of the year.  Nikita: Right, this is the best of the best–according to you–our listeners.   Lois: Today's episode is #1 of 4 and is a throwback to a discussion with Senior Principal OCI Instructor Joe Greenwald on Visual Builder Studio. Nikita: We asked Joe about Visual Builder Studio and Oracle JavaScript Extension Toolkit, also known as JET. Together, they form the basis of the technology for the next generation of front-end user interfaces for Oracle Fusion Applications, as well as many other Oracle applications, including most Oracle Cloud Infrastructure (OCI) interfaces. 01:48 Lois: We looked at the different terminologies and technologies, how they relate to each other, and how they deliver the new Oracle Fusion Applications and stand-alone, bespoke visual web applications.  So, let's dive right in. Nikita: Joe, I'm somewhat thrown by the terminology around Visual Builder, Visual Studio, and JET. Can you help streamline that for us? Lois: Yeah, things that are named the same sometimes refer to different things, and sometimes things with a different name refer to the same thing. 02:18 Joe: Yeah, I know where you're coming from. So, let's start with Visual Builder Studio. It's abbreviated as VBS and can go by a number of different names. Some of the most well-known ones are Visual Builder Studio, VBS, Visual Builder, Visual Builder Stand-Alone, and Visual Builder Cloud Service. Clearly, this can be very confusing. For the purposes of these episodes as well as the training courses I create, I use certain definitions.  02:42 Lois: Can you take us through those? Joe: Absolutely, Lois. Visual Builder Studio refers to a product that comes free with an OCI account and allows you to manage your project-related assets. This includes the project itself, which is a container for all of its assets. You can assign teams to your projects, as well as secure the project and declare roles for the different team members. You manage GIT repositories with full graphical and command-line GIT support, define package, build, and deploy jobs, and create and run continuous integration/continuous deployment graphical and code-managed pipelines for your applications. These can be visual applications, created using the Visual Builder Integrated Development Environment, the IDE, or non-visual apps, such as Java microservices, docker builds, NPM apps, and things like that. And you can define environments, which determine where your build jobs can be deployed. You can also define issues, which allow you to identify, track, and manage things like bugs, defects, and enhancements. And these can be tracked in code review merge requests and build jobs, and be mapped to agile sprints and scrum boards. There's also support for wikis for team collaboration, code snippets, and the management of the repository and the project itself. So, VBS supports code reviews before code is merged into GIT branches for package, build, and deploy jobs using merge requests. 04:00 Nikita: OK, what exactly do you mean by that? Joe: Great. So, for example, you could have developers working in one GIT branch and when they're done, they would push their private code changes into that remote branch. Then, they'd submit a merge request and their changes would be reviewed. Once the changes are approved, their code branch is merged into the main branch and then automatically runs a CI/CD package (continuous integration/continuous deployment) package, build, and deploy job on the code. Also, the CI/CD package, build, and deploy jobs can run against any branches, not just the main branch. So Visual Builder Studio is intended for managing the project and all of its assets. 04:37 Lois: So Joe, what are the different tools used in developing web applications? Joe: Well, Visual Builder, Visual Builder Studio Designer, Visual Builder Designer, Visual Builder Design-Time, Visual Builder Cloud Service, Visual Builder Stand-Alone all kind of get lumped together. You can kinda see why. What I'm referring to here are the tools that we use to build a visual web application composed of HTML5, CSS3, JavaScript, and JSON (JavaScript Object Notation) for metadata. I call this Visual Builder Designer. This is an Integrated Development Environment, it's the “IDE” which runs in your browser. You use a combination of drag and drop, setting properties, and writing and modifying custom and generated code to develop your web applications. You work within a workspace, which is your own private copy of a remote Git branch. When you're ready to start development work, you open an existing workspace or create a new one based on a clone of the remote branch you want to work on. Typically, a new branch would be created for the development work or you would join an existing branch. 05:38 Nikita: What's a workspace, Joe? Is it like my personal laptop and drive? Joe: A workspace is your own private code area that stores any changes you make on the Oracle servers, so your code changes are never lost—even when working in a browser-based, network-based tool. A good analogy is, say I was working at home on my own machine. And I would make a copy of a remote GIT branch and then copy that code down to my local machine, make my code changes, do my testing, etc. and then commit my work—create a logical save point periodically—and then when I'm ready, I'd push that code up into the remote branch so it can be reviewed and merged with the main branch. My local machine is my workspace. However, since this code is hosted up by Oracle on our servers, and the code and the IDE are all running in your browser, the workspace is a simulation of a local work area on your own computer. So, the workspace is a hosted allocation of resources for you that's private. Other people can't see what's going on in your workspace. Your workspace has a clone of the remote branch that you're working with and the changes you make are isolated to your cloned code in your workspace. 06:41 Lois: Ok… the code is actually hosted on the server, so each time you make a change in the browser, the change is written back to the server? Is it possible that you might lose your edits if there's a networking interruption? Joe: I want to emphasize that while I started out not personally being a fan of web-based integrated development environments, I have been using these tools for over three years and in all that time, while I have lost a connection at times—networks are still subject to interruptions—I've never lost any changes that I've made. Ever. 07:11 Nikita: Is there a way to save where you are in your work so that you could go back to it later if you need to? Joe: Yes, Niki, you're asking about commits and savepoints, like in a Git repository or a Git branch. When you reach a logical stopping or development point in your work, you would create a commit or a savepoint. And when you're ready, you would push that committed code in your workspace up to the remote branch where it can be reviewed and then eventually merged, usually with the main Git branch, and then continuous integration/continuous package and deployment build jobs are run. Now, I'm only giving you a high-level overview, but we cover all this and much more in detail with hands-on practices in our Visual Builder developer courses. Right now, I'm just trying to give you a sense of how these different tools are used. 07:52 Lois: Yeah, that makes sense, Joe. It's a lot to cover in a short amount of time. Now, we've discussed the Visual Builder Designer IDE and workspace. But can you tell us more about Visual Builder Cloud Service and stand-alone environments? What are they used for? What features do they provide? Are they the same or different things? Joe: Visual Builder Cloud Service or Visual Builder Stand-Alone, as it's sometimes called, is a service that Oracle hosts on its servers. It provides hosting for the deployed web application source code as well as database tables for business objects that we build and maintain to store your customer data. This data can come from XLS or CSV files, or even your own Oracle database customer table data. A custom REST proxy makes calls to external third-party REST services on your behalf and supports several popular authentication mechanisms. There is also integration with the Identity Cloud Service (IDCS) to manage users and their access to your web apps. Visual Builder Cloud Service is a for-fee product. You pay licensing fees for how much you use because it's a hosted service. Visual Builder Studio, the project asset management aspect I discussed earlier, is free with a standard OCI license. Now, keep in mind these are separate from something like Visual Builder Design Time and the service that's running in Fusion application environments. What I'm talking about now is creating stand-alone, bespoke, custom visual applications. These are applications that are built using industry-standard HTML5, CSS3, JavaScript, and JSON for metadata and are hosted on the Oracle servers.  09:30 Are you looking for practical use cases to help you plan and apply configurations that solve real-world challenges?  With the new Applied Learning courses for Cloud Applications, you'll be able to practically apply the concepts learned in our implementation courses and work through case studies featuring key decisions and configurations encountered during a typical Oracle Cloud Applications implementation. Applied learning scenarios are currently available for General Ledger, Payables, Receivables, Accounting Hub, Global Human Resources, Talent Management, Inventory, and Procurement, with many more to come!  Visit mylearn.oracle.com to get started. 10:12 Nikita: Welcome back! Joe, you said Visual Builder Cloud Service or Stand-Alone is a for-fee service. Is there a way I can learn about using Visual Builder Designer to build bespoke visual applications without a fee? Joe: Yes. Actually, we've added an option where you can run the Visual Builder Designer and learn how to create web apps without using the app hosting or the business object database that stores your customer data or the REST proxy for authentication or the Identity Cloud Service. So you don't get those features, but you can still learn the fundamentals of developing with Visual Builder Designer. You can call third-party APIs, you can download the source, and run it locally, for example, in a Tomcat server. This is a great and free way to learn how to develop with the Visual Builder Designer. 10:55 Lois: Joe, I want to know more about the kinds of apps you can build in VB Designer and the capabilities that VB Cloud Service provides. Joe: Visual Builder Designer allows you to build custom, bespoke web applications made of interactive webpages; flows of pages for navigation; events that respond when things happen in the app, for example, GUI events like a button is clicked or values are entered into a text field; variables to store the state of the application and the ability to make REST calls, all from your browser. These applications have full access to the Oracle Fusion Applications APIs, given that you have the right security permissions and credentials of course. They can access your customer business data as business objects in our internally hosted database tables or your own customer database tables. They can access third-party APIs, and all these different data sources can appear in the same visual application, on the same page, at the same time. They use the Identity Cloud Service to identify which users can log in and authenticate against the application. And they all use the new Redwood graphical user interface components and page templates, so they have the same look and feel of all Oracle applications. 12:02 Nikita: But what if you're building or extending Oracle Fusion Applications? Don't things change a little bit? Joe: Good point, Niki. Yes. While you still work within Visual Builder Studio, that doesn't change, VBS maintains your project and all your project-related assets, that is still the same. However, in this case, there is no separate hosted Visual Builder Cloud Service or Stand-Alone instance. In this case, Visual Builder is hosted inside of Fusion apps itself as part of the installation. I won't go into the details of how the architecture works, but the Visual Builder instance that you're running your code against is part of Fusion applications and is included in the architecture as well as the billing. All your code changes are maintained and stored within a single container called an extension. And this extension is a Git repository that is created for you, or you can create it yourself, depending on how you choose to work within Visual Builder Studio. You create an extension to hold the source code changes that provide a customization or configuration. This means making a change to an existing page or a set of pages or even adding new pages and flows to your Oracle Fusion Applications. You use Visual Builder Studio and Visual Builder Designer in a similar way as to how you would use them for bespoke stand-alone visual applications. 13:12 Lois: I'm trying to envision how this workflow is used. How is it different from bespoke VB app development? Or is it different at all? Joe: So, recall that the Visual Builder Designer is effectively the Integrated Development Environment, the IDE, where you make your code changes by working with both the raw HTML5, CSS3, and JavaScript code, if need be, or the Page Designer for drag and drop, and setting properties and then Live mode to test your work. You use a version of VB Designer to view and modify your customizations, and the code is stored in a Git repository called an extension. So, in that sense, the work of developing pages and flows and such is the same. You still start by creating or, more typically, joining a project and then either create a new extension from scratch or base it on an existing application, or go directly to the page that you want to edit and, on that page, select from your profile menu to edit in Visual Builder Studio. Now, this is a different lifecycle path from bespoke visual applications. With them, you're not extending an app or modifying individual pages in the same way. You get a choice of which project you want to add your extension to when you're working with Fusion apps and potentially which repository to store your customizations, unless one already exists and then it's assigned automatically to hold your code changes. So you make your changes and edits to the portions of the application that have been opened for extensibility by the development team. This is another difference. Once you make your code changes, the workflow is pretty much the same as for a bespoke visual application: do your development work, commit your changes, push your changes to the remote branch. And then typically, your code is reviewed and if the code passes and is approved, it's merged with the main branch. Then, the package and deploy jobs run to deploy the main code to the production environment or whatever environment you're targeting. And once the package and deploy jobs complete, the code base is updated and users who log in see the changes that you've made. 15:03 Nikita: You mentioned creating apps that combine data from Fusion cloud, applications, customer data, and third-party APIs into one page. Why is it necessary? Why can't you just do all that in one Fusion Applications extension? Joe: When you create extensions, you are working within the Oracle Fusion Applications ecosystem, that's what they actually call it, which includes a defined a set of users who have been predefined and are, therefore, known to Fusion Applications. So, if you're a user and you're not part of that Fusion Apps ecosystem, you can't access the pages. Period. That's how Fusion Apps works to maintain its security and integrity. Secondly, you're working pretty much solely with the Fusion Applications APIs data sources coming directly from Fusion Applications, which are also available to you when you're creating bespoke visual apps. When you're working with Fusion Applications in Visual Builder, you don't have access to these business objects that give you access to your own customer database data through Visual Builder-generated REST APIs. Business objects are available only to bespoke visual applications in the hosted VB Cloud Service instance. So, your data sources are restricted to the Oracle Fusion Applications APIs and some third-party APIs that work within a narrow set of authentication mechanisms currently, although there are plans to expand this in the future. A mashup app that allows you now to access all these data sources while creating apps that leverage the Redwood Component System, so they look and work like Fusion Apps. They're a highly popular option for our partners and customers. 16:28 Lois: So, to review, we have two different approaches. You can create a visual application using the for-fee, hosted Visual Builder Cloud Service/Stand-Alone or the one that comes with Oracle Integration Cloud, or you can use the extension architecture for Fusion applications, where you use the designer and create your extensions, and the code is delivered and deployed to Fusion applications code. You haven't talked about JET yet though, Joe. What is that? Joe: So, JET is an abbreviation. It stands for Oracle JavaScript Extension Toolkit and JET is the underlying technology that makes Visual Builder, visual applications, and Visual Builder Extensions for Fusion Applications possible. Oracle JavaScript Extension Toolkit provides a module-based, open-source toolkit that leverages modern JavaScript, TypeScript, CSS3, and HTML5 to deliver web applications. It's targeted at JavaScript developers working on client-side applications. It is not for backend development.  It's a collection of popular, powerful JavaScript libraries and a set of Oracle-contributed JavaScript libraries that make it very simple, easy, and efficient to build front-end applications that can consume and interact with Oracle products and services, especially Oracle Cloud services, but of course it can work with any type of third-party API. 17:44 Nikita: How are JET applications architected, Joe, and how does that relate to Visual Builder pages and flows? Joe: The architecture of JET applications is what's called a single page architecture. We've all seen these. These are where you have a single webpage—think of your index page that provides the header and footer for your webpage—and then the middle portion or the middle content of the page, represented by modules, allow you to navigate from one page or module to another. It also provides the data mapping so that the data elements in the variables and the state of the application, as well as the graphical user interface elements that provide the fields and functionality for the interface for the application, these are all maintained on the client side. If you're working in pure JET, then you work with these modules at the raw JavaScript code level. And there are a lot of JavaScript developers who want to work like this and create their custom applications from the code up, so to speak. However, it also provides the basis for Visual Builder visual applications and Fusion Apps visual extensions in Visual Builder. 18:41 Lois: How does JET support VB Apps? You didn't talk much about having to write a bunch of JavaScript and HTML5, so I got the impression that this is all done for you by VB Designer? Joe: Visual Builder applications are composed of HTML5, CSS3, and JavaScript code that is usually generated by the developer when she drags and drops components on to the page designer canvas or sets properties or creates action chains to respond to events. But there's also a lot of JavaScript object notation (JSON) metadata created at the time that describes the pages, the flows, the navigation, the REST services, the variables, their data types, and other assets needed for the app to function. This JSON metadata is translated at runtime using a large JavaScript extension toolkit library called the Visual Builder Runtime that runs in the browser and real time translates the metadata and other assets in the Visual Builder source code into JET code and assets, which are actually executed at runtime. And it's very quick, very fast, very efficient, and provides a layer of abstraction between the raw JET code and the Visual Builder architecture of pages, flows, action chains for executing code and events to handle things that occur in the user interface, including saving the state in variables that are mapped to GUI components. For example, if you have an Input text component, you need to have a variable to store the value that was entered into that Input text component between page refreshes. The data can move from the Input text component to the variable, and from the variable to that Input text component if it's changed programmatically, for example. So, JET manages binding these data values to variables and the UI components on the page. So, a change to a variable value or a change to the contents of the component causes the others to change automatically. Now, this is only a small part of what JET and the frameworks and libraries it uses do for the applications. JET also provides more complex GUI components like lists and tables, and selection lists, and check boxes, and all the sorts of things you would expect in a modern GUI application. 20:37 Nikita: You mentioned a layer of abstraction between Visual Builder Studio Designer and JET. What's the benefit of working in Visual Builder Designer versus JET itself? Joe: The benefit of Visual Builder is that you work at a higher level of abstraction than having to get down into the more detailed levels of deep JavaScript code, working with modules, data mappings, HTML code, single page architecture navigation, and the related functionalities. You can work at a higher level, a graphical level, where you can drag and drop things onto a design canvas and set properties. The VB architecture insulates you from the more technical bits of JET. Now, this frees the developer to concentrate more on application and page design, implementing logic and business rules, and creating a pleasing workflow and look and feel for the user. This keeps them from having to get caught up in the details of getting this working at the code level. Now if needed, you can write custom JavaScript, HTML5, and CSS3 code, though much less than in a JET app, and all that is part of the VB application source, which becomes part of the code used by JET to execute the application itself. And yet it all works seamlessly together. 21:38 Lois: Joe, I know we have courses in JavaScript, HTML, and CSS. But does a developer getting ready to work in Visual Builder Designer have to go take those courses first or can they start working in VB Designer right away? Joe: Yeah, that question does often comes up: Do I need to learn JET to work with Visual Builder? No, you don't. That's all taken care for you in the products themselves. I don't really think it helps that much to learn JET if you are going to be a VB developer. In some ways, it could even be a bit distracting since some of things you learn to do in JET, you would have to unlearn or not do so much because of what VB does it for you. The things you would have to do manually in code in JET are done for you. This is why we call VB a low code development tool. I mean, you certainly can if you want to, but I would spend more time learning about the different GUI components, page templates, the Visual Builder architecture — events, action chains, and the data provider variables and types. Now, I know JET myself. I started with that before learning Visual Builder, but I use very little of my JET knowledge as a VB developer. Visual Builder Designer provides a nice, abstracted, clean layer of modern visual development on top of JET, while leveraging the power and flexibility of JET and keeping the lower-level details out of my way. 22:49 Nikita: Joe, where can I go to get started with Visual Builder? Joe: Well, for more information, I recommend you take a look at our Develop Fusion Applications course if you're working with Fusion Applications and Visual Builder Studio. The other course is Develop Visual Applications with Visual Builder Studio and that's if you're creating stand-alone bespoke applications. Both these courses are free. We also have a comprehensive course that covers JavaScript, HTML5, and CSS3, and while it's not required that you take that to be successful, it can be helpful down the road. I would also say that some basic knowledge of HTML5, CSS3, and JavaScript will certainly support you and serve you well when working with Visual Builder. You learn more as you go along and you find that you need to create more sophisticated applications. I would also mention that a lot of the look and feel of the applications in Visual Builder visual applications and Fusion apps extensions and customizations come through JET components, JET styles, and JET variables, and CSS variables, so that's something that you would want to pursue at some point. There's a JET cookbook out there. You can search for Oracle JET and look for the JET cookbook and that's a good introduction to all of that. 23:50 Nikita: We hope you enjoyed that conversation. To learn about some of the courses Joe mentioned, visit mylearn.oracle.com to get started. Lois: Before we wrap up, we've got a favor to ask. We've created a short survey to capture your thoughts on the podcast. It'll only take a few minutes of your time. Just click the link in the show notes and share your feedback. We want to make sure we're delivering the best experience possible so don't hesitate to let us know what's on your mind! Thanks for your support. Join us next week for another throwback episode. Until then, this is Lois Houston… Nikita: And Nikita Abraham, signing off! 24:30 That's all for this episode of the Oracle University Podcast. If you enjoyed listening, please click Subscribe to get all the latest episodes. We'd also love it if you would take a moment to rate and review us on your podcast app. See you again on the next episode of the Oracle University Podcast.

Lois Houston and Nikita Abraham continue their deep dive into Oracle Database 23ai backup and recovery strategies with Senior Principal Database & MySQL Instructor Bill Millar.   Picking up from Part 1, they explore critical concepts such as instance recovery, checkpoint processes, and the role of redo log files. Bill shares insights into complete and incomplete recovery, flashback technologies, and lots more.   Oracle MyLearn: https://mylearn.oracle.com/ou/course/oracle-database-23ai-backup-and-recovery/141127/   Oracle University Learning Community: https://education.oracle.com/ou-community   LinkedIn: https://www.linkedin.com/showcase/oracle-university/   Twitter: https://twitter.com/Oracle_Edu   Special thanks to Arijit Ghosh, David Wright, Radhika Banka, and the OU Studio Team for helping us create this episode.   --------------------------------------------------------   Episode Transcript:   00:00 Welcome to the Oracle University Podcast, the first stop on your cloud journey. During this series of informative podcasts, we'll bring you foundational training on the most popular Oracle technologies. Let's get started! 
00:26 Nikita: Welcome back to the Oracle University Podcast! I'm Nikita Abraham, Team Lead of Editorial Services with Oracle University, and with me is Lois Houston, Director of Innovation Programs. Lois: Hi everyone! Last week, we had a fantastic chat with Bill Millar, our Senior Principal Database & MySQL Instructor. We dug into the basics of backup and recovery. We touched on everything from a DBA's role in preventing data loss to handling different types of failures, and even some common mistakes that tend to pop up when managing a database. Nikita: Yeah, if you missed that episode, definitely go back and check it out. It's packed with useful info, especially if you're in charge of keeping databases safe. 01:10 Lois: Today, we're picking up where we left off. We're going to ask Bill about instance recovery and recovery strategies. Bill, can you kick things off by explaining what instance recovery is? Bill: You can understand instant recovery by becoming familiar with the checkpoint process, the redo log files, and the role of the log writer with the redo log files. Automatically instance or crash recovery. What is it doing? What are the phases of instance recovery? How we possibly can tune that instance recovery. We can use the mean time to recovery advisor that can help us determine how we might tune the instance recovery. 01:51 Nikita: OK, so let's go through some of these concepts and procedures you mentioned. What is the checkpoint process responsible for exactly? Bill: The checkpoint process itself, it's responsible for updating the data file headers with checkpoint information. When a checkpoint is taken, it is going to write into the controlfiles. It tells the DB writer to write. DB writer writes to the data files, and the checkpoint is also annotated in the data files. So updating controlfiles with that checkpoint information also, controlfiles and database files. It signals that DB writer at full check points again, hey, it's time to write. So that way, it has the latest data written to the data files. The controlfile and datafiles, those are in sync with that. 02:40 Lois: Bill, what about the log writer process and the redo log files? Bill: With the log writer process and the redo log files, the redo log files record the changes to the database himself. It should be multiplexed. 02:53 Nikita: What do you mean by that? Bill: More than one redo log group. Now, the redo log groups, it is recommended that they should be multiplexed. Each group member should be on a different disk or in a different disk group if you're using ASM. 03:10 Nikita: And why is that, Bill? Bill: Because if I lose one, if I lose one redo log group, one member, I can continue to operate with just the one. If I only have one redo log group member and the system comes around and tries to write to it, then my system is going to come to a halt. So the log writer is going to write to those redo logs whenever somebody does a commit. When that redo log buffer is 1/3 full or every three seconds and before DB writer writes. So those are the four mechanism that tells log writer to write from that log buffer to the redo log files. And it'll also write, when we do a shut down, all the buffers will be flushed. And so that way, everything will be in sync when the system is shut down. 04:01 Lois: What are the different modes of operation for a database, Bill? And how do these modes impact the recovery capabilities of the database? Bill: So we have two different modes we can operate in. One is called NOARCHIVELOG mode. It is the default. ARCHIVELOG mode, highly encouraged. But not every environment has to be in ARCHIVELOG mode. 04:21 Nikita: So with ARCHIVELOG mode… Bill: Closed database. You have to close it, recover to the last backup. That's as far as I can go. Actually, I could, depending on what happens, I might be able to apply some redo. Suitable for training and test environments or for data warehouses, we don't have a lot of frequent changes. It's mainly bulk loading data at night and querying during the day. So it might be appropriate for that. Because ARCHIVELOG mode, it is a little overhead. Yes. So with that database, it goes down while it's open. The system, when it comes up, it can recover to the last committed transaction. And this is usually the mode we want to operate in for production environments. So we have that data in the buffer cache. We have that redo being buffered. We have the undo tablespace, keeping track of what the data was before a change. The redo keeps track of what was the change. And if we're in ARCHIVELOG mode, as we switch from one redo log to another, we will generate what's referred to as archived log files, and that's what allows us to do a complete recovery. 05:33 Lois: What happens in the case of automatic instance recovery? Bill: For an automatic instance recovery or crash recovery, our system went down unexpectedly. Because it did not do a clean shutdown, the buffers were not flushed. Everything was not synchronized. So the datafile, controlfile, everything is out of sync. 05:53 Nikita: So, how do the files get synchronized then? Bill: It uses the redo log groups to synchronize the files. It's going to roll forward. It rolls forward the changes that were made. So due to different distinct operations. Roll forward applies committed and uncommitted data. And the redo does not keep track of what was committed and uncommitted. It'll keep track of, hey, I had this transaction, hey, here's a commit for that transaction. But hey, I have a transaction. That was never uncommitted. That's the job of the undo. But rolls forward all those changes. And then anything that did not actually receive a commit, it will roll back the uncommitted data, return to the original state. And that is the job of the undo tablespace. 06:37 Lois: Bill, is it possible to tune instance recovery for better performance? Bill: You can try to tune this instance recovery. Tuning it is touchy. Be careful because you can cause more harm than what you think you might be doing good. The instance recovery, what we're doing, we're trying to-- the transactions between checkpoints. When was the last checkpoint? Because the items between the checkpoints, that's what has to be reapplied. So the last checkpoint to the last redo log, what is that time frame there between those? Well, what we're going to do, we're going to try to control that. We're going to try to control the difference between the checkpoint and the end of the redo log. There is a mean-time recovery advisor. You specify the desired times in seconds or minutes that how often you want that checkpoint to occur. There is a parameter, FAST_START_MTTR parameter that you can set. The default value is zero saying, hey, I'm going to let the system take care of it. And the maximum you can set it is to one hour. 07:46 Nikita: And why 1 hour?
 Bill: The reason being, if I set that to one hour and I have a lot of activity, how long is it going to take? How many transactions can happen within that hour? Yeah, I'm not doing a checkpoint as often, so I'm eliminating that workload. But if it has to recover, how long is it going to take? If I set it too small, the system says, hey, right now, it's going to take me 19 seconds based off statistics. If I said, OK, I want it in five seconds. So what does that mean? Every five seconds, I'm saying do a checkpoint. So what is it doing? OK, time to do a checkpoint. OK, time to go ahead and OK, DB writer write. OK, log writer write. OK, let me update the datafiles and the controlfiles. So you're just thrashing your system. So be careful if you decide to try to manually tune it. And when you go out and look at this mean time to recover, and even if you do it through the command line, you'll see that, that value is most likely going to change throughout the day, depending on the workload that you have. 08:46 Lois: How does the process of restoring and recovering data typically work? Bill: So when we restore, we're restoring our datafiles. All the datafiles, tablespace, controlfiles, archived redo log, server parameter file. Then when we recover, it involves depending on the backup that we use and other factors in there, it is going to apply the redo. So automatically done by RMAN. So I tell it, this is what I want to do. Hey, I want to restore a database. OK, RMAN says, all right, what backup are you going to use? What is it I need to restore? And then we tell it to recover. OK, I know what I need to use to recover. So RMAN can do the work for you. So when we restore and recover due to a manual process and there's different methods that we can use, and depending on the failure, we'll drive what type of restore and recovery we might perform. 09:40 Are you looking for practical use cases to help you plan and apply configurations that solve real-world challenges? With the new Applied Learning courses for Cloud Applications, you'll be able to practically apply the concepts learned in our implementation courses and work through case studies featuring key decisions and configurations encountered during a typical Oracle Cloud Applications implementation. Applied learning scenarios are currently available in General Ledger, Payables, Receivables, Accounting Hub, Global Human Resources, Talent Management, Inventory, and Procurement, with many more to come! Visit mylearn.oracle.com to get started. 10:22 Nikita: Welcome back! Can you talk about the different types of recovery scopes, Bill? How do they compare? Bill: Recovery can have two kinds of scope. All right. One is the complete recovery. We are getting the database back to the current time of the crash with no loss of data. We're going to again bring everything back to the present. Incomplete or point-in-time recovery. We're going to take a database or maybe a tablespace or even a table back to a point-in-time in the past. So from the time that we select to take it to recover, everything that was done after that is null and void, is gone missing. That's why it's called incomplete recovery, because it's not complete. 11:09 Lois: What are the steps that take place during complete recovery? Bill: We restore the datafiles. Changes are applied. We're applying the redo. The datafiles contained committed and uncommitted transactions. The undo is applied. Anything that did not receive an actual commit will take back to the original value. And we have our datafiles recovered. 11:33 Nikita: And what about point-in-time recovery? Bill: Point-in-time recovery, very similar. We're going to restore the datafiles from as far back as necessary. Changes are applied. So the data files are going to contain the committed and uncommitted up to that point-in-time. Database is open, that redo, that undo, anything that did not actually receive a commit. The undo is applied. The point-in-time recovered is complete. We're not applying all the redo, all the changes, only up to the time that we specify. 12:08 Lois: Are there any features that can make point-in-time recovery quicker? Bill: We also have the ability to use flashback database. It is an optional feature. And it can be a quick way to do that point-in-time recovery. It is an alternative to that database point-in-time recovery we just looked at. Faster. No restore is required. It's going to rewind the database. It does require some configuration in the environment. We do have to set up in order to use flashback database. 12:41 Nikita: I want to talk about Oracle's data protection solutions, particularly when it comes to backup and recovery or disaster recovery. Bill: So for physical data protection-- backup and recovery objective. Yep, that works for both physical and logical. My recovery time, hours to days. Possibly minutes to hours for the logical. And Oracle solution, we have the Recovery Manager that's out of the box, RMAN. Oracle Secure Backup, that is Oracle's media management library system backing up to tape. The logical protection, yes, flashback technologies can help me take care of that very easily. For disaster recovery, physical data protection, recovery time objective, seconds to minutes. We're not going to accomplish that with RMAN. You're going to want to use our Data Guard with the Active Data Guard feature to be able to switch over to a standby database within seconds of a failure. 13:41 Lois: Why would someone choose to use flashback technologies for recovery, Bill? Bill: With the flashback technologies, we can use it for viewing data as past dates. What did it look like? We can wind the database back and forth in time. Assist users in an error analysis and recovery, because we have different technologies. This flashback query, version query, transaction query, those allow me to view what was the value of a row at a time. I can even see what were the changes to a row over a period of time? I can also view the query that caused that change. For error recovery, I can back out a transaction. I can take a table back to a non-current time. I can also flashback a table that was dropped. And I can also take an entire database by using flashback. So the different recovery options I might have with the flashback technology. 14:44 Lois: Thank you so much, Bill. These last two episodes have been so insightful, right Niki? Nikita: I couldn't agree more, Lois! If you want to know more about backup and recovery configuration and other concepts, visit mylearn.oracle.com and search for the Oracle Database 23ai: Backup and Recovery course. Our upcoming episode is a very special one, where we'll be discussing Oracle AI in Fusion Cloud Human Capital Management. So, watch out for that! Until next week, this is Nikita Abraham… Lois: And Lois Houston, signing off!
 15:16 That's all for this episode of the Oracle University Podcast. If you enjoyed listening, please click Subscribe to get all the latest episodes. We'd also love it if you would take a moment to rate and review us on your podcast app. See you again on the next episode of the Oracle University Podcast.

Join Lois Houston and Nikita Abraham, along with Senior Principal Database & Security Instructor Ron Soltani, as they discuss how the new Automatic SQL Plan Management feature in Oracle Database 23ai improves performance consistency and simplifies management. Then, Senior Principal Database & MySQL Instructor Bill Millar shares insights into two new features: one that enhances SecureFiles LOB Write Performance, improving read and write speeds, and another that increases the column limit in a table to 4,096, making it easier to handle complex data.   Oracle MyLearn: https://mylearn.oracle.com/ou/course/oracle-database-23ai-new-features-for-administrators/137192/207062   Oracle University Learning Community: https://education.oracle.com/ou-community   LinkedIn: https://www.linkedin.com/showcase/oracle-university/   X: https://twitter.com/Oracle_Edu   Special thanks to Arijit Ghosh, David Wright, and the OU Studio Team for helping us create this episode.   --------------------------------------------------------   Episode Transcript:   00:00 Welcome to the Oracle University Podcast, the first stop on your cloud journey. During this series of informative podcasts, we'll bring you foundational training on the most popular Oracle technologies. Let's get started! 00:26 Nikita: Welcome to the Oracle University Podcast! I'm Nikita Abraham, Principal Technical Editor with Oracle University, and joining me is Lois Houston, Director of Innovation Programs. Lois: Hi there! Last week, we looked at the Oracle Database 23ai enhancements that have been made to Hybrid Columnar Compression and Fast Ingest. In today's episode, we'll talk about the 23ai new feature for Automatic SQL Plan Management with Ron Soltani, a Senior Principal Database & Security Instructor with Oracle University.  01:01 Nikita: And later on, we'll be joined by Bill Millar, another Senior Principal Database & MySQL Instructor, who will tell us about the 23ai automatic feature that enhances SecureFiles LOB Write Performance. We'll also get him to talk about the Wide Columns update. So, let's get started. Hi Ron! What have been the common challenges with SQL plans and database performance? Ron: One of the problems that we have always had, if you remember, was when data changes, database setting configuration, parameter changes, SQL that were operating very well could now behave badly using the SQL plan that were associated to them. And remember, the same SQL plan generally Oracle likes to continuously reuse.  So the SQL plans were put in the baseline in the past, and we could have those SQL plan baseline, which are a set of approved plans to be used for a SQL from the SQL history stored in AWR, then could be used for the optimizer to choose from. However, which plan to choose and which one would be the best one to use, this is what the problem has been in managing the SQL plan baselines, and a lot of the operation would have been done manually.  02:22 Lois: And what have we done to overcome this?  Ron: So now this new system will going to perform all of those operations automatically for us. Now it can search the Automatic Workload Repository. It can find SQL plans for a particular SQL statement, then look for any alternative plans that may available in alternate sources like SQL tuning sets. And then validate those plans and see if those plans are going to be good and to be used as SQL plan baseline for executing SQL statement by the optimizer. 03:00 Nikita: So we now have the Automatic SQL Plan Management Evolve Advisor to help manage operations automatically, right? Can you tell us a little more about it? How does it ensure optimal performance? Ron: This is an automatic advisor that is created that can go look for different plans and validate the plans by examining them, making sure that they are not causing any regression compared to the previous operation, and then evolve that plan into a good baseline.  This simplifies management of the baseline repository for a SQL statement. So as data changes, as parameters changes, optimizer could come up with different type of plans that are set within this baseline that has been validated to be good baseline for each situational operation. So this way you reduce a lot of hard parsing operations.  04:00 Lois: And how does the SQL Evolve Advisor work, Ron? Ron: First, it will check the AWR to find what are the top SQLs that has been found. Then it will look to see if these top SQLs who did not perform well with the plan that they have, that's why they're top SQL, have other alternative plans that are stored in the SQL plan history, in AWR, or available in any other sources.  Then if it finds any additional plans, it will go ahead and add all of those plans into the plan history. So in the plan history, now you have accumulation of all the plans available in AWR and anything that has been brought from other sources. Then it will test every one of those plans and validate that by use of the plan, the SQL statement will not deprivate and get slower. The performance is either similar or actually better. So normally, there is a percentage that the SQL should improve. So we will then validate these baselines.  And finally, once the baselines or those plans have been validated, they will be accepted, and then they will be added as SQL plan baselines. They will remain in the statement history, in the AWR, and will be available for optimizer for the future use.  05:28 Nikita: What are the benefits of this? Ron: Number one is Autonomous Database. As you know, they want to automate all management, including management of the SQL execution due to changes that are happening for the application, for the data, or the database and its environment.  It totally eliminates any manual intervention for management of the statement, and it can transparently repair any statement that had been affected by a major change.  06:00 Lois: What sort of problems does this feature solve for us? Ron: Of course, this is a performance consistency. We want to make sure that every statement performed to its best performance and any specific changes that may impact those SQL statements would be taken into an account, and a better plan, if available, would then be available for use.  It also improves the application performance level, therefore database service level will get much improvement. And the SQL execution plans will be automatically managed behind the scene by expanding these baselines, by managing all of these baseline history and all of that that is managed by this automatic SQL plan management environment automatically.  06:50 Nikita: And when do we use this?  Ron: If there is a change in a database environment, like you add SGA, the change into the shared pool, change in the size of the buffer cache or any type of storage effects. So all of those can actually affect the SQL execution.  Now all of those changes, including data changes, can cause a SQL plan to not behave very well or behave as well as it was doing before. Therefore, if particular plans do not perform as well as they did before, that affects the performance of the application. This also affects the performance of the database and the instance.  07:35 Lois: So, how do we use this environment?  Ron: Well, best news that I have for you in that is that there is nothing manual needs to be done. All we need to do is, number one, make sure that we enable foreground automatic SQL plan management that we done through the package for the DBMS SPM for SQL plan management.  You will use the package with the configure option, and you enable the auto SPM evolve task, and you set it to auto. Once this is done, now the SQL evolve plan management and advisor are enabled, and they will then monitor your statements, review all of the top SQLs as they are found with all of the ADDM operation, and then do their work in looking for better plans and being able to maintain the SQL plan baselines we talked about.  Now for you to be able to view, monitor, and see how these operations are going, if it is enabled, you can take a look at the DBA SQL plan baseline's view. There are many, many columns in that particular baseline, and there are also columns that has been added that tell you where is the plan generated from, if a plan is approved, and any other user interaction with the plan or settings can then be verified using that DBA SQL plan baseline view.  09:13 Are you looking for practical use cases to help you plan and apply configurations that solve real-world challenges? With the new Applied Learning courses for Cloud Applications, you'll be able to practically apply the concepts learned in our implementation courses and work through case studies featuring key decisions and configurations encountered during a typical Oracle Cloud Applications implementation. Applied learning scenarios are currently available for General Ledger, Payables, Receivables, Accounting Hub, Global Human Resources, Talent Management, Inventory, and Procurement, with many more to come! Visit mylearn.oracle.com to get started. 09:54 Nikita: Welcome back! Let's bring Bill into the conversation. Hi  Bill! Can you tell us about the 23ai automatic feature that enhances SecureFiles LOB Write Performance?  Bill: The key here is that it is automatic and transparent. There's no parameters set. Nothing to configure in table, no hints, and nothing that you have to do with these improvements. It is tightly integrated with SecureFiles LOB infrastructure.  So now, multiple LOBs can be handled in a single transaction and can be buffered simultaneously. This will help with mixed workloads, switching between the LOBs that are writing in a single transaction. The PGA will adaptively resize based off the size for these large writes for the LOBs if you're using the No Cache option. Remember, no cache is going to bypass the buffer cache and does direct reads and writes from the PGA.  JSON type will be transformed into the OSON Oracle data type. It is an optimized native binary storage format for JSON data.  11:15 Lois: Ok. So, going forward, there will be better read and write performance for LOBs. Bill: Multiple LOBs in a single transaction can be buffered simultaneously, improving mixed workloads. We just talked about the PGA. Automatically, the buffer is automatically resized.  And the improved JSON support. The reason it will recognize, hey, this is a JSON data type. But traditionally, JSON data types were small.  So they were small to medium size. So the range from 32k to 32 meg was considered small to medium whereas LOBs were designed for data types larger than 100 meg. So by recognizing this a JSON data type, it can take advantage of the LOB architecture.  Other enhancements will also include the acceleration of compressed LOBs, the pen and compression caching, and improves the poor performance of your reads and writes to compressed LOBs. It's faster than previously.  12:24 Nikita: Bill, what do you think about the recent increase in the column limit? Previously, the limit was 1000 columns per table, which sometimes posed issues when migrating from other systems that allowed more than 1,000 columns, right?  Bill: Maybe because of workload requirements, the whole machine learning, the internet of things workloads, IOTs can have hundreds of thousands of attributes, dimensional attribute columns for that. And even our very own blockchain tables reserves up to 40 hidden virtual columns, so that takes away from the total amount.  Virtual columns count towards the column limits and some applications as they drop columns, what it does, it just converts them to unused, and it still applies towards the limit the number of columns that you can have to that limit. There were workarounds. However, they were most likely not the best way to do it, like column switching, table splitting for that. But big data really use cases, really saw where files have or required more than 1,000 columns.  13:42 Lois: So, now that we can have 4,096 columns in a table, I'm sure it's made handling complex data a lot easier.  Bill: So by increasing this, since other systems do support higher column limits, it can-- the increase can make migration from other systems easier and possibly even a little bit more attractive while it can make applications a little bit simpler because the 1,000 column limit was not always optimal for analytics. Where 1,000 might have been plenty for OLTP type environments, but not for the analytics, especially when it comes to machine learning and those internet of things that we talked about, where the previous workarounds, like splitting the tables, really caused more performance issue than anything else.  So we want to avoid those suboptimal workarounds. And the nice thing is there's no change to the SQL. So once you have that-- well, if we were doing SQL, if we had tables that were split and we're trying to do things that is actually going to help improve that SQL, now, we don't have multiple objects that we're dealing with.  14:57 Nikita: How do we actually go about increasing the column limit to 4,096? Bill: You do have to have the compatibility set to 23c. Why? Because it's a new feature. There is a new initialization parameter called Max columns, and you do set that. There's two different ways, two different values. We can set it to standard or we can set it to extended.  It is dynamic. When it's set to standard, it's only 1,000. When we set it to extended, it's going to allow the 4,096. It is modifiable at the PDB level. However, it will inherit what's at the root level, if it's not explicitly set at a PDB. It can't alter it in a session for that. And multiple instances of the RAC environment must use the same value.  Now one thing, notice that it cannot be set to standard if I created a table that had more than 1,000 columns. One thing that might get you, when you drop a table that has more 1,000 columns and you try to set it back to standard, it might tell you, hey, you have tables that have more than 1,000 columns. Don't forget your recycle bin unless you did a drop table purge.  16:09 Lois: Are there any performance considerations to keep in mind, Bill? Bill: There's really no DML or query performance degradation for the tables. However, it might require, as you would expect, the increase in memory when we have the new column limits. It might require additional shared pool, additional SGA with the additional columns, more buffer cache as we're bringing blocks in.  So that's shared pool along with the PGA. And also we can add in buffer cache in there, because that increased column count is going to be increase in the total PGA memory usage. And those are kind of expected for that. But the big advantage is it gives us the ability to eliminate some of these suboptimal workarounds that we had in the past.  17:02 Nikita: Ok! We covered a lot today so thank you Bill and Ron.  Lois: To learn more about what we discussed today, visit mylearn.oracle.com and search for the Oracle Database 23ai New Features for Administrators course. Join us next week for a discussion on some more Oracle Database 23ai new features. Until then, this is Lois Houston… Nikita: And Nikita Abraham signing off! 17:27 That's all for this episode of the Oracle University Podcast. If you enjoyed listening, please click Subscribe to get all the latest episodes. We'd also love it if you would take a moment to rate and review us on your podcast app. See you again on the next episode of the Oracle University Podcast.

In this week's episode of the JDE Connection, hosts Chandra Wobschall and Paul Houtkooper dig into the core functionalities of JD Edwards EnterpriseOne's Financial Management System. Starting with an explanation of why form extensions at the version level could not be delivered due to architectural constraints, they then share the alternative solution introduced in Release 23. The discussion moves on to a comprehensive overview of the major features within the financial management module, including accounts payable, accounts receivable, advanced cost accounting, expense management, fixed asset accounting, general ledger, lease accounting, and joint venture management. Each module's key capabilities and the business problems they address are highlighted to help listeners better understand the breadth and depth of JD Edwards' financial offerings. 01:10 Form Extensions at the version level 05:00 Feature Functionality of JD Edwards Series 07:39 Financial Management System overview 09:28 Accounts Payable 10:53 Accounts Receivable 13:05 Advanced Cost Accounting 14:06 Expense Management 15:17 Fixed Asset Accounting 16:17 General Ledger 18:00 Lease Accounting 18:46 Joint Venture Management 19:54 Midwesternism of the day Resources: Form Extensions at a version level: https://www.linkedin.com/posts/haiyan-wang-5734b5ab_jdedwards-enterpriseone-release23-activity-7049766057741348864-ne6V?utm_source=share&utm_medium=member_desktop JD Edwards EnterpriseOne Financial Management Products: https://www.oracle.com/applications/jd-edwards-enterpriseone/financial-management/ Hubble House Restaurant: https://www.hubbellhouserestaurant.com/ If you have concerns or feedback on this episode or ideas for future episodes, please contact us at thejdeconnection@questoraclecommunity.org.

The next generation of front-end user interfaces for Oracle Fusion Applications is being built using Visual Builder Studio and Oracle JavaScript Extension Toolkit. However, many of the terms associated with these tools can be confusing. In this episode, Lois Houston and Nikita Abraham are joined by Senior Principal OCI Instructor Joe Greenwald. Together, they take you through the different terminologies, how they relate to each other, and how they can be used to deliver the new Oracle Fusion Applications as well as stand-alone, bespoke visual web applications. Develop Fusion Applications Using Visual Builder Studio: https://mylearn.oracle.com/ou/course/develop-fusion-applications-using-visual-builder-studio/122614/ Build Visual Applications Using Visual Builder Studio: https://mylearn.oracle.com/ou/course/build-visual-applications-using-oracle-visual-builder-studio/110035/ Oracle University Learning Community: https://education.oracle.com/ou-community LinkedIn: https://www.linkedin.com/showcase/oracle-university/ X (formerly Twitter): https://twitter.com/Oracle_Edu Special thanks to Arijit Ghosh, David Wright, and the OU Studio Team for helping us create this episode. --------------------------------------------------------- Episode Transcript: 00:00 Welcome to the Oracle University Podcast, the first stop on your cloud journey. During this  series of informative podcasts, we'll bring you foundational training on the most popular  Oracle technologies. Let's get started. 00:26 Lois: Hello and welcome to the Oracle University Podcast. I'm Lois Houston, Director of Innovation Programs with Oracle University, and with me is Nikita Abraham, Principal Technical Editor. Nikita: Hi everyone! Today, we're starting a new season on building the next generation of Oracle Cloud Apps with Visual Builder Studio. 00:45 Lois: And I'm so excited that we have someone really special to take us through the next few episodes. Joe Greenwald is joining us. Joe is a Senior Principal OCI Instructor with Oracle University. He joined Oracle in 1992 with an extensive background in CASE tools. Since then, he has used and taught all of Oracle's software development tools, including Oracle Forms, APEX, JDeveloper ADF, as well as all the Fusion Middleware courses. Currently, Joe is responsible for the Visual Builder Studio and Redwood development courses, including extending Fusion Applications with Visual Builder. 01:22 Nikita: In today's episode, we're going to ask Joe about Visual Builder Studio and Oracle JavaScript Extension Toolkit, also known as JET. Together, they form the basis of the technology for the next generation of front-end user interfaces for Oracle Fusion Applications, as well as many other Oracle applications, including most Oracle Cloud Infrastructure (OCI) interfaces.  Lois: We'll look at the different terminologies and technologies, how they relate to each other, and how they deliver the new Oracle Fusion applications and stand-alone, bespoke visual web applications. Hi Joe! Thanks for being with us today. 01:57 Joe: Hi Lois! Hi Niki! I'm glad to be here. Nikita: Joe, I'm somewhat thrown by the terminology around Visual Builder, Visual Studio, and JET. Can you help streamline that for us?  Lois: Yeah, things that are named the same sometimes refer to different things, and sometimes things with a different name refer to the same thing.  02:15 Joe: Yeah, I know where you're coming from. So, let's start with Visual Builder Studio. It's abbreviated as VBS and can go by a number of different names. Some of the most well-known ones are Visual Builder Studio, VBS, Visual Builder, Visual Builder Stand-Alone, and Visual Builder Cloud Service. Clearly, this can be very confusing. For the purposes of these episodes as well as the training courses I create, I use certain definitions.  02:39 Lois: Can you take us through those? Joe: Absolutely, Lois. Visual Builder Studio refers to a product that comes free with an OCI account and allows you to manage your project-related assets. This includes the project itself, which is a container for all of its assets. You can assign teams to your projects, as well as secure the project and declare roles for the different team members. You manage GIT repositories with full graphical and command-line GIT support, define package, build, and deploy jobs, and create and run continuous integration/continuous deployment graphical and code-managed pipelines for your applications. These can be visual applications, created using the Visual Builder Integrated Development Environment, the IDE, or non-visual apps, such as Java microservices, docker builds, NPM apps, and things like that. And you can define environments, which determine where your build jobs can be deployed. You can also define issues, which allow you to identify, track, and manage things like bugs, defects, and enhancements. And these can be tracked in code review merge requests and build jobs, and be mapped to agile sprints and scrum boards. There's also support for wikis for team collaboration, code snippets, and the management of the repository and the project itself. So, VBS supports code reviews before code is merged into GIT branches for package, build, and deploy jobs using merge requests.  03:57 Nikita: OK, what exactly do you mean by that? Joe: Great. So, for example, you could have developers working in one GIT branch and when they're done, they would push their private code changes into that remote branch. Then, they'd submit a merge request and their changes would be reviewed.  Once the changes are approved, their code branch is merged into the main branch and then automatically runs a CI/CD package (continuous integration/continuous deployment) package, build, and deploy job on the code. Also, the CI/CD package, build, and deploy jobs can run against any branches, not just the main branch. So Visual Builder Studio is intended for managing the project and all of its assets. 04:37 Lois: So Joe, what are the different tools used in developing web applications? Joe: Well, Visual Builder, Visual Builder Studio Designer, Visual Builder Designer, Visual Builder Design-Time, Visual Builder Cloud Service, Visual Builder Stand-Alone all kind of get lumped together. You can kinda see why. What I'm referring to here are the tools that we use to build a visual web application composed of HTML5, CSS3, JavaScript, and JSON (JavaScript Object Notation) for metadata. I call this Visual Builder Designer. This is an Integrated Development Environment, it's the “IDE” which runs in your browser. You use a combination of drag and drop, setting properties, and writing and modifying custom and generated code to develop your web applications. You work within a workspace, which is your own private copy of a remote Git branch. When you're ready to start development work, you open an existing workspace or create a new one based on a clone of the remote branch you want to work on. Typically, a new branch would be created for the development work or you would join an existing branch. 05:35 Nikita: What's a workspace, Joe? Is it like my personal laptop and drive?  Joe: A workspace is your own private code area that stores any changes you make on the Oracle servers, so your code changes are never lost—even when working in a browser-based, network-based tool. A good analogy is, say I was working at home on my own machine. And I would make a copy of a remote GIT branch and then copy that code down to my local machine, make my code changes, do my testing, etc. and then commit my work—create a logical save point periodically—and then when I'm ready, I'd push that code up into the remote branch so it can be reviewed and merged with the main branch. My local machine is my workspace. However, since this code is hosted up by Oracle on our servers, and the code and the IDE are all running in your browser, the workspace is a simulation of a local work area on your own computer. So, the workspace is a hosted allocation of resources for you that's private. Other people can't see what's going on in your workspace. Your workspace has a clone of the remote branch that you're working with and the changes you make are isolated to your cloned code in your workspace. 06:38 Lois: Ok… the code is actually hosted on the server, so each time you make a change in the browser, the change is written back to the server? Is it possible that you might lose your edits if there's a networking interruption? Joe: I want to emphasize that while I started out not personally being a fan of web-based integrated development environments, I have been using these tools for over three years and in all that time, while I have lost a connection at times—networks are still subject to interruptions—I've never lost any changes that I've made. Ever. 07:08 Nikita: Is there a way to save where you are in your work so that you could go back to it later if you need to? Joe: Yes, Niki, you're asking about commits and savepoints, like in a Git repository or a Git branch. When you reach a logical stopping or development point in your work, you would create a commit or a savepoint. And when you're ready, you would push that committed code in your workspace up to the remote branch where it can be reviewed and then eventually merged, usually with the main Git branch, and then continuous integration/continuous package and deployment build jobs are run. Now, I'm only giving you a high-level overview, but we cover all this and much more in detail with hands-on practices in our Visual Builder developer courses. Right now, I'm just trying to give you a sense of how these different tools are used. 07:49 Lois: Yes, that makes sense, Joe. It's a lot to cover in a short amount of time. Now, we've discussed the Visual Builder Designer IDE and workspace. But can you tell us more about Visual Builder Cloud Service and stand-alone environments? What are they used for? What features do they provide? Are they the same or different things? Joe: Visual Builder Cloud Service or Visual Builder Stand-Alone, as it's sometimes called, is a service that Oracle hosts on its servers. It provides hosting for the deployed web application source code as well as database tables for business objects that we build and maintain to store your customer data. This data can come from XLS or CSV files, or even your own Oracle database customer table data.  A custom REST proxy makes calls to external third-party REST services on your behalf and supports several popular authentication mechanisms. There is also integration with the Identity Cloud Service (IDCS) to manage users and their access to your web apps. 08:47 Joe: Visual Builder Cloud Service is a for-fee product. You pay licensing fees for how much you use because it's a hosted service. Visual Builder Studio, the project asset management aspect I discussed earlier, is free with a standard OCI license. Now, keep in mind these are separate from something like Visual Builder Design Time and the service that's running in Fusion application environments. What I'm talking about now is creating standalone, bespoke, custom visual applications. These are applications that are built using industry-standard HTML5, CSS3, JavaScript, and JSON for metadata and are hosted on the Oracle servers. 09:27 Are you looking for practical use cases to help you plan and apply configurations that solve real-world challenges?  With the new Applied Learning courses for Cloud Applications, you'll be able to practically apply the concepts learned in our implementation courses and work through case studies featuring key decisions and configurations encountered during a typical Oracle Cloud Applications implementation. Applied learning scenarios are currently available for General Ledger, Payables, Receivables, Accounting Hub, Global Human Resources, Talent Management, Inventory, and Procurement, with many more to come!  Visit mylearn.oracle.com to get started. 10:09 Nikita: Welcome back! Joe, you said Visual Builder Cloud Service or Stand-Alone is a for-fee service. Is there a way I can learn about using Visual Builder Designer to build bespoke visual applications without a fee? Joe: Yes. Actually, we've added an option where you can run the Visual Builder Designer and learn how to create web apps without using the app hosting or the business object database that stores your customer data or the REST proxy for authentication or the Identity Cloud Service. So you don't get those features, but you can still learn the fundamentals of developing with Visual Builder Designer. You can call third-party APIs, you can download the source, and run it locally, for example, in a Tomcat server. This is a great and free way to learn how to develop with the Visual Builder Designer. 10:52 Lois: Joe, I want to know more about the kinds of apps you can build in VB Designer and the capabilities that VB Cloud Service provides. Joe: Visual Builder Designer allows you to build custom, bespoke web applications made of interactive webpages; flows of pages for navigation; events that respond when things happen in the app, for example, GUI events like a button is clicked or values are entered into a text field; variables to store state and the ability to make REST calls, all from your browser. These applications have full access to the Oracle Fusion Applications APIs, given that you have the right security permissions and credentials of course. They can access your customer business data as business objects in our internally hosted database tables or your own customer database tables. They can access third-party APIs, and all these different data sources can appear in the same visual application, on the same page, at the same time. They use the identity cloud service to identify which users can log in and authenticate against the application. And they all use the new Redwood graphical user interface components and page templates, so they have the same look and feel of all Oracle applications. 11:59 Nikita: But what if you're building or extending Oracle Fusion Applications? Don't things change a little bit? Joe: Good point, Niki. Yes. While you still work within Visual Builder Studio, that doesn't change, VBS maintains your project and all your project-related assets, that is still the same. However, in this case, there is no separate hosted Visual Builder Cloud Service or Stand-Alone instance. In this case, Visual Builder is hosted inside of Fusion apps itself as part of the installation. I won't go into the details of how the architecture works, but the Visual Builder instance that you're running your code against is part of Fusion applications and is included in the architecture as well as the billing. All your code changes are maintained and stored within a single container called an extension. And this extension is a Git repository that is created for you, or you can create it yourself, depending on how you choose to work within Visual Builder Studio. You create an extension to hold the source code changes that provide a customization or configuration. This means making a change to an existing page or a set of pages or even adding new pages and flows to your Oracle Fusion Applications. You use Visual Builder Studio and Visual Builder Designer in a similar way as to how you would use them for bespoke stand-alone visual applications.  13:10 Lois: I'm trying to envision how this workflow is used. How is it different from bespoke VB app development? Or is it different at all? Joe: So, recall that the Visual Builder Designer is effectively the Integrated Development Environment, the IDE, where you make your code changes by working with both the raw HTML5, CSS3, and JavaScript code, if need be, or the Page Designer for drag and drop, and setting properties and then Live mode to test your work. You use a version of VB Designer to view and modify your customizations, and the code is stored in a Git repository called an extension. So, in that sense, the work of developing pages and flows and such is the same.  You still start by creating or, more typically, joining a project and then either create a new extension from scratch or base it on an existing application, or go directly to the page that you want to edit and, on that page, select from your profile menu to edit in Visual Builder Studio. Now, this is a different lifecycle path from bespoke visual applications. With them, you're not extending an app or modifying individual pages in the same way. 14:11 Joe: You get a choice of which project you want to add your extension to when you're working with Fusion apps and potentially which repository to store your customizations, unless one already exists and then it's assigned automatically to hold your code changes. So you make your changes and edits to the portions of the application that have been opened for extensibility by the development team. This is another difference. Once you make your code changes, the workflow is pretty much the same as for a bespoke visual application: do your development work, commit your changes, push your changes to the remote branch. And then typically, your code is reviewed and if the code passes and is approved, it's merged with the main branch. Then, the package and deploy jobs run to deploy the main code to the production environment or whatever environment you're targeting. And once the package and deploy jobs complete, the code base is updated and users who log in see the changes that you've made. 15:00 Nikita: You mentioned creating apps that combine data from Fusion cloud, applications, customer data, and third-party APIs into one page. Why is it necessary? Why can't you just do all that in one Fusion Applications extension? Joe: When you create extensions, you are working within the Oracle Fusion Applications ecosystem, that's what they actually call it, which includes a defined a set of users who have been predefined and are, therefore, known to Fusion Applications. So, if you're a user and you're not part of that Fusion Apps ecosystem, you can't access the pages. Period. That's how Fusion Apps works to maintain its security and integrity. Secondly, you're working pretty much solely with the Fusion Applications APIs data sources coming directly from Fusion Applications, which are also available to you when you're creating bespoke visual apps. When you're working with Fusion Applications in Visual Builder, you don't have access to these business objects that give you access to your own customer database data through Visual Builder-generated REST APIs. Business objects are available only to bespoke visual applications in the hosted VB Cloud Service instance.  So, your data sources are restricted to the Oracle Fusion Applications APIs and some third-party APIs that work within a narrow set of authentication mechanisms currently, although there are plans to expand this in the future. A mashup app that allows you now to access all these data sources while creating apps that leverage the Redwood Component System, so they look and work like Fusion Apps. They're a highly popular option for our partners and customers. 16:25 Lois: So, to review, we have two different approaches. You can create a visual application using the for-fee, hosted Visual Builder Cloud Service/Stand-Alone or the one that comes with Oracle Integration Cloud, or you can use the extension architecture for Fusion applications, where you use the designer and create your extensions, and the code is delivered and deployed to Fusion applications code.  You haven't talked about JET yet though, Joe. What is that? Joe: So, JET is an abbreviation. It stands for Oracle JavaScript Extension Toolkit and JET is the underlying technology that makes Visual Builder, visual applications, and Visual Builder Extensions for Fusion Applications possible. Oracle JavaScript Extension Toolkit provides a module-based, open-source toolkit that leverages modern JavaScript, TypeScript, CSS3, and HTML5 to deliver web applications. It's targeted at JavaScript developers working on client-side applications. It is not for backend development.  It's a collection of popular, powerful JavaScript libraries and a set of Oracle-contributed JavaScript libraries that make it very simple, easy, and efficient to build front-end applications that can consume and interact with Oracle products and services, especially Oracle Cloud services, but of course it can work with any type of third-party API. 17:42 Nikita: How are JET applications architected, Joe, and how does that relate to Visual Builder pages and flows? Joe: The architecture of JET applications is what's called a single page architecture. We've all seen these. These are where you have a single web page—think of your index page that provides the header and footer for your web page—and then the middle portion or the middle content of the page, represented by modules, allow you to navigate from one page or module to another. It also provides the data mapping so that the data elements in the variables and the state of the application, as well as the graphical user interface elements that provide the fields and functionality for the interface for the application, these are all maintained on the client side. If you're working in pure JET, then you work with these modules at the raw JavaScript code level. And there are a lot of JavaScript developers who want to work like this and create their custom applications from the code up, so to speak. However, it also provides the basis for Visual Builder visual applications and Fusion Apps visual extensions in Visual Builder. 18:38 Lois: How does JET support VB Apps? You didn't talk much about having to write a bunch of JavaScript and HTML5 so I got the impression that this is all done for you by VB Designer? Joe: Visual Builder applications are composed of HTML5, CSS3, and JavaScript code that is usually generated by the developer when she drags and drops components on to the page designer canvas or sets properties or creates action chains to respond to events. But there's also a lot of JavaScript object notation (JSON) metadata created at the time that describes the pages, the flows, the navigation, the REST services, the variables, their data types, and other assets needed for the app to function. This JSON metadata is translated at runtime using a large JavaScript extension toolkit library called the Visual Builder Runtime that runs in the browser and real time translates the metadata and other assets in the Visual Builder source code into JET code and assets, which are actually executed at runtime. And it's very quick, very fast, very efficient, and provides a layer of abstraction between the raw JET code and the Visual Builder architecture of pages, flows, action chains for executing code and events to handle things that occur in the user interface, including saving the state in variables that are mapped to GUI components. For example, if you have an Input text component, you need to have a variable to store the value that was entered into that Input text component between page refreshes. The data can move from the Input text component to the variable, and from the variable to that Input text component if it's changed programmatically, for example. So, JET manages binding these data values to variables and the UI components on the page. So, a change to a variable value or a change to the contents of the component causes the others to change automatically. Now, this is only a small part of what JET and the frameworks and libraries it uses do for the applications.  JET also provides more complex GUI components like lists and tables, and selection lists, and check boxes, and all the sorts of things you would expect in a modern GUI application. 20:34 Nikita: You mentioned a layer of abstraction between Visual Builder Studio Designer and JET. What's the benefit of working in Visual Builder Designer versus JET itself? Joe: The benefit of Visual Builder is that you work at a higher level of abstraction than having to get down into the more detailed levels of deep JavaScript code, working with modules, data mappings, HTML code, single page architecture navigation, and the related functionalities. You can work at a higher level, a graphical level, where you can drag and drop things onto a design canvas and set properties. The VB architecture insulates you from the more technical bits of JET. Now, this frees the developer to concentrate more on application and page design, implementing logic and business rules, and creating a pleasing workflow and look and feel for the user. This keeps them from having to get caught up in the details of getting this working at the code level.  Now if needed, you can write custom JavaScript, HTML5, and CSS3 code, though much less than in a JET app, and all that is part of the VB application source, which becomes part of the code used by JET to execute the application itself. And yet it all works seamlessly together. 21:35 Lois: Joe, I know we have courses in JavaScript, HTML, and CSS. But does a developer getting ready to work in Visual Builder Designer have to go take those courses first or can they start working in VB Designer right away? Joe: Yeah, that question does often comes up: Do I need to learn JET to work with Visual Builder? No, you don't. That's all taken care for you in the products themselves. I don't really think it helps that much to learn JET if you are going to be a VB developer. In some ways, it could even be a bit distracting since some of things you learn to do in JET, you would have to unlearn or not do so much because of what VB does it for you. The things you would have to do manually in code in JET are done for you. This is why we call VB a low code development tool.  I mean, you certainly can if you want to, but I would spend more time learning about the different GUI components, page templates, the Visual Builder architecture — events, action chains, and the data provider variables and types. Now, I know JET myself. I started with that before learning Visual Builder, but I use very little of my JET knowledge as a VB developer. Visual Builder Designer provides a nice, abstracted, clean layer of modern visual development on top of JET, while leveraging the power and flexibility of JET and keeping the lower-level details out of my way. 22:46 Nikita: Joe, where can I go to get started with Visual Builder? Joe: Well, for more information, I recommend you take a look at our Develop Fusion Applications course if you're working with Fusion Applications and Visual Builder Studio. The other course is Develop Visual Applications with Visual Builder Studio and that's if you're creating stand-alone bespoke applications. Both these courses are free. We also have a comprehensive course that covers JavaScript, HTML5, and CSS3, and while it's not required that you take that to be successful, it can be helpful down the road. I would say that some basic knowledge of HTML5, CSS3, and JavaScript will certainly support you and serve you well when working with Visual Builder. You learn more as you go along and you find that you need to create more sophisticated applications. I would also mention that a lot of the look and feel of the applications in Visual Builder visual applications and Fusion apps extensions and customizations come through JET components, JET styles, and JET variables, and CSS variables, so that's something that you would want to pursue at some point. There's a JET cookbook out there. You can search for Oracle JET and look for the JET cookbook and that's a good introduction to all of that. 23:47 Lois: Joe, thank you so much for joining us today. We're really looking forward to having you back next week to discuss extending Oracle Fusion Applications with Visual Builder Studio. Joe: Thanks for having me. Nikita: And if you want to learn about some of the courses Joe mentioned, visit mylearn.oracle.com to get started. Until next time, this is Nikita Abraham… Lois: And Lois Houston signing off! 24:09 That's all for this episode of the Oracle University Podcast. If you enjoyed listening, please click Subscribe to get all the latest episodes. We'd also love it if you would take a moment to rate and review us on your podcast app. See you again on the next episode of the Oracle University Podcast.

Today I'm thrilled to welcome Jason Terry from General Ledger Partners onto the show. As a Certified Public Accountant, Jason has more than 15 years in the finance and accounting space, having successfully worked for public, private, and not-for-profit entities with annual revenues ranging from $6M to over $600M.At General Ledger Partners, Jason and his team offer bookkeeping, general ledger cleanup, and financial consulting services to small businesses and startups, managing the accounting function to maximize their company's potential. It's a mission our team at Boast knows well and shares, as we have worked with Jason to help innovative clients capture R&D tax credits to recoup a portion of their R&D spend and help extend their product runway. I'm thrilled to have Jason on to discuss his work in the startup space, the genesis of General Ledger Partners, and the challenges their customers face, as well as what his experience has been wrangling R&D tax credits, working with Boast and supporting customers with a successful capital strategy. Boast AI accelerates the success of innovative businesses globally with software that integrates financial, payroll, and engineering data into a single platform of R&D intelligence. Visit Boast.ai, sign up for our Blog newsletter and follow us on LinkedIn for weekly #InnovatorsLive sessions and the latest news to fuel your growth. Intro and Outro music provided by Dennis Ma whose mixes you can find on Soundcloud at DJ DennyDex.

In the final episode of this season, hosts Lois Houston and Nikita Abraham, along with Sr. Principal ERP Learning Strategist David Barnacle, dive into the Accounting Transformation process flow, which covers how financial transactions are converted into journal entries and how subledger journal entries are processed through subledger accounting.   They also explore the Budget to Report process flow, which focuses on planning, accounting for transactions, and reporting financial information to the appropriate stakeholder. Budget reporting goes a long way in helping businesses take corrective actions and improve their financial performance.   Oracle MyLearn: https://mylearn.oracle.com/ Oracle University Learning Community: https://education.oracle.com/ou-community LinkedIn: https://www.linkedin.com/showcase/oracle-university/ X (formerly Twitter): https://twitter.com/Oracle_Edu   Special thanks to Arijit Ghosh, David Wright, Radhika Banka, Parvathy Narayan, and the OU Studio Team for helping us create this episode.   --------------------------------------------------------   Episode Transcript:   00:00 Welcome to the Oracle University Podcast, the first stop on your cloud journey. During this series of informative podcasts, we'll bring you foundational training on the most popular Oracle technologies. Let's get started. 00:26 Nikita: Hello and welcome to the Oracle University Podcast. I'm Nikita Abraham, Principal Technical Editor with Oracle University, and with me is Lois Houston, Director of Innovation Programs. Lois: Hi there! Last week, we had David “Barney” Barnacle, Sr. Principal ERP Learning Strategist, with us, who spoke about Procure to Pay and Asset Acquisition to Retirement, which are two major business processes within the Oracle Financials Business Process Model. Barney is here with us for one last time this season to take us through the last two business processes, Accounting Transformation and Budget to Report.  01:02 Nikita: Welcome back, Barney!  Barney: Hi Niki! Hi Lois! Nikita: So Barney, what can you tell us about Accounting Transformation? Barney: Accounting Transformation is one of the most important business processes in the Oracle Cloud Financials Business Process Model. All our enterprises are required to record their financial transactions, and the Oracle Fusion Cloud: ERP application supports businesses in recording these transactions with the help of best practice life cycles like Invoice to Cash, Procure to Pay, and Asset Acquisition to Retirement. 01:32 Nikita: Everything we've discussed in our previous episodes. Barney: Right. Now, Accounting Transformation refers to the process of converting business transactions from Oracle subledgers, or transactions from external source systems, into detailed, auditable journal entries.  Source systems are typically industry-specific applications that are either purchased from third parties or built internally within the customer organization. Examples of such systems include core banking applications, insurance policy administration applications, billing applications, and point of sales applications. And to do this transformation, we have a very powerful tool called the Accounting Engine. If the accounting engine is only used in Oracle Cloud Subledgers (for example, Assets, Payables, etc.), then this engine is referred to as the Subledger Accounting Engine. 02:24 Lois: And what does this Subledger Accounting Engine do? Barney: The Subledger Accounting Engine, also known as SLA, is loaded with predefined event models and accounting methods, i.e. the accounting rules. And within this engine, users can also create user-defined accounting methods, i.e. new rules, to achieve multiple financial reporting requirements. The accounting engine's job is to convert business transactions into auditable and balanced accounting journal entries. 02:55 Lois: Is SLA a separate product? Barney: SLA is not a separate product itself but is Oracle's common engine, which caters to the accounting needs of all the Oracle subledgers. Subledger Accounting is a rules-based accounting engine that is centralized for use by all the Oracle Cloud subledgers. 03:13 Nikita: So how does Subledger Accounting work? Barney: When using Oracle Cloud Financials, financial transactions such as invoices or payments are recorded in the Oracle Cloud subledger products, whereas transactions from legacy systems are recorded in Oracle Fusion Cloud Accounting Hub. Each financial transaction has some accounting event type associated with it. For example, creating a customer invoice, adjusting a payment, validating a supplier invoice, and so on. As I was saying earlier, Subledger Accounting has predefined accounting rule sets, also known as accounting methods. And these accounting methods follow industry practices (for example, Standard accruals). 03:53 Nikita: And how do accounting rules work? Barney: The accounting rules pick the accounting event type associated with the business transaction. It uses relevant transaction attributes like Amounts, Currencies, Dates, Customers, or Suppliers. Then, it converts the transactional attributes into balanced and auditable Subledger and ultimately General Ledger journal entries, which may also require the copying or complete creation of account code combinations. 04:19 Lois: Can all the accounting requirements of a business be met with the help of standard accounting methods? Barney: No, Lois. Sometimes, standard accrual accounting methods don't meet all the accounting or business requirements. But then subledger accounting can support user-defined accounting methods to generate different accounting entries to support these different regulatory or business requirements. For example, by using a local GAAP. 04:44 Nikita: Barney, can you tell us in more detail the various steps involved in the accounting transformation process? Barney: So, the first step is to record business transactions using modern business life cycles. As the user processes these transactions, with such actions as create, validate, adjust, delete etc., these actions are recorded as event types. The accounting engine uses these types and the accounting method rules to create detailed subledger journals. It is the accounting rules that take the transaction source attributes, such as amount, date, customer supplier, etc., and converts them into a balanced detailed subledger journal that can be audited. If there are insufficient or incorrect account or no account values within the source transactions, then the account rules, mapping sets, and user-defined formula that can be configured to create the correct account combinations. 05:39 Barney: To create these journals, the create accounting process can be automated to run on a regular basis, typically at least once a day. The Create Accounting process first generates detailed subledger journals in draft or final mode within the SLA data repository. If these SLA journals are in final mode, then they can also be transferred to create summarized or detailed general ledger journals. Once posted, these GL journals update the account balances of all dimensions stored within the GL Essbase cubes. From these account balances, you can create flexible financial reports to meet the requirements of all stakeholders. And the best part is any role that's assigned SLA privileges can carry out these tasks. 06:30 Have an idea for a new course or learning opportunity? We'd love to hear it! Visit the Oracle University Learning Community and share your thoughts with us. Your suggestion could find a place in future development projects. If you're already an Oracle MyLearn user, go to MyLearn to join the community. You will need to log in first. If you've not yet accessed Oracle MyLearn, visit mylearn.oracle.com and create an account to get started.  06:59 Nikita: Welcome back. So, transactions are created, accounting is generated using the powerful SLA engine, and then when that's done, organizations can publish their financial reports and submit them to government authorities and their stakeholders, right? So, how do they administer control over their financial planning and spending? And how do organizations create these different reports? 07:23 Barney: Financial reports/statements are key to assessing the financial efficiency and determining the key performance indicators of any organization or enterprise. In Oracle Fusion Cloud, we talk of producing reports across three key axes, the legal, the management, and the functional axis, to match the varying requirements of stakeholders. Some organizations, to drive good financial control, plan and generate budgets and/or forecasts. This is so that they can estimate their revenue and expenses for a specific future period. In fact, some enterprises go much further and use budgetary control and encumbrance accounting to ensure expenditure remains within budgeted control levels per period and they can block further expenditure on items that have spent over planned budgeted amounts. 08:15 Barney: Other enterprises may have a rolling 12-month budget that can be updated at the end of each financial period. Simple to complex budgets or forecasts can be loaded into the GL Essbase cubes and the planned budgeted account balances over a period can easily be compared with actual performance using a variety of financial reporting tools provided by Oracle Cloud. Any budget variance can be used to drive financial control and analysis, while contributing to effective, strategic decision-making. The Oracle Fusion Cloud Budget to Report process focuses on planning, accounting for transactions, and reporting financial information to the appropriate stakeholder. 08:59 Lois: Why is this process so important for organizations? What are the benefits of budget reporting? Barney: It is a great way to drive financial control by efficiently tracking the company's performance versus the budget or forecast plan. Budget reporting allows an organization to perform frequent comparisons of forecasted and actual results with the purpose of fixing the key deviations. It allows organizations to allocate cash to assets worth the investment, make acquisitions, or create disposals or disinvestment strategies.  09:32 Lois: Barney, what are the key processes within Budget to Report? Barney: Within the Budget to Report processes life cycle, there are three key subprocesses: managing budgets and forecasts, capturing transactions (i.e. account balances), and period close to financial reporting. Accountants will cycle through these three processes on a regular basis, which is typically monthly. Let's start with the Manage Budgets and Forecasts process. This process refers to the entire cycle of events that start with planning and formulating and ultimately ends with creating budgets and forecasts in the application. Oracle General Ledger simplifies budget and forecast uploads into the system by the use of Excel spreadsheets. 10:15 Barney: Next is the Capture Transactions and Journal Entry process. Financial transactions captured in the subledgers are accounted for via the SLA accounting engine and are converted into detailed subledger and summarized general ledger journals (i.e. the accounting process we have just discussed under SLA). Manual journals can also be created with the use of the user interface or via spreadsheet uploads. The account combinations on these journal lines, once posted, that record the actual account balances, which detail organization revenue, expenditure, taxation, and so on over a period. 10:52 Barney: The Period Close to Financial Reporting process starts with the period closure for each subledger application, ensuring all financial transactions are captured and reported in the correct period. It includes the reconciliation of all key suspense accounts or key accounts (for example, cash balances, tax debtors, liabilities, etc.), special period-end processing, such as foreign currency requirements for revaluation and translations or allocation journals to spread the account distribution of central costs or revenue pools, and the use of consolidation ledgers, with requirements to move currency account balances between ledgers. Finally, from these consolidated, reconciled account balances, a variety of reporting tools can be used to generate the required financial reports/statements for both internal and external stakeholders.  11:42 Barney: Some of these reports will include the comparison of actual versus budgeted values, and any key variances will be used to revise or amend the budgets/forecast plans. We return to where we started with a review or modification of our strategic financial plans. 11:59 Nikita: Barney, what are the key job roles associated with the Budget to Report process? Barney: There are three job roles associated with this process that are predefined as standard by Oracle: General Accountant, Financial Analyst, and General Accounting Manager. The General Accountant manages all financial transactions and revenue, expenses, assets, liability, and equity accounts, and is responsible for recording accounting adjustments, such as accruals, allocations, currency revaluations, and translations. The Financial Analyst analyzes the financial performance of an enterprise or an organization. The General Accounting Manager manages the general accounting functions of an enterprise, including general ledger, subsidiary ledgers. They also manage period close activities. 12:49 Lois: Any final words, Barney, as we conclude this series on ERP Financials business processes?  Barney: So, in these last couple of episodes, we discussed the five financial business process life cycles. These processes are collectively known as Record to Report. The Record to Report process includes data extraction, collection, and processing to deliver accurate and timely financial information and enhance decision-making within the organization or enterprise. Using embedded analytics to drive an error-free financial close process, Oracle Fusion Cloud can not only automate and transform the R2R process, but also enable timely, real-time financial performance reporting. 13:37 Nikita: Thank you so much, Barney, for being our guide and taking us through the Oracle Financials Business Process Model.  Barney: Thank you. It's been great being here with both of you. Lois: If you missed any of our earlier episodes with Barney, you should go back and check them out. And if you're interested in learning more about Oracle's business process training and getting certified, visit mylearn.oracle.com. Until next time, this is Lois Houston… Nikita: And Nikita Abraham, signing off! 14:03 That's all for this episode of the Oracle University Podcast. If you enjoyed listening, please click  Subscribe to get all the latest episodes. We'd also love it if you would take a moment to rate and review us on your podcast app. See you again on the next episode of the Oracle University Podcast.

Want to know about the key financial business processes that make up Invoice to Cash? Lois Houston and Nikita Abraham, as well as Sr. Principal ERP Learning Strategist David Barnacle, are here to simplify this critical process flow for you.   In this episode, they go over the entire Invoice to Cash process flow, which includes everything from the moment the invoice is created to the moment when the customer's debt (payment) is settled and reconciled with the bank statement.   Oracle MyLearn: https://mylearn.oracle.com/ Oracle University Learning Community: https://education.oracle.com/ou-community LinkedIn: https://www.linkedin.com/showcase/oracle-university/ Twitter: https://twitter.com/Oracle_Edu   Special thanks to Arijit Ghosh, David Wright, Kris-Ann Nansen, Radhika Banka, Parvathy Narayan, and the OU Studio Team for helping us create this episode.   --------------------------------------------------------   Episode Transcript: 00:00 Welcome to the Oracle University Podcast, the first stop on your cloud journey. During this series of informative podcasts, we'll bring you foundational training on the most popular Oracle technologies. Let's get started. 00:26 Nikita: Hello and welcome to the Oracle University Podcast. I'm Nikita Abraham, Principal Technical Editor with Oracle University, and with me is Lois Houston, Director of Innovation Programs. Lois: Hello everyone! In our last episode, we spoke about Enterprise Resource Planning business processes, particularly those related to Oracle Fusion Cloud: Financials, with our Sr. Principal ERP Learning Strategist David “Barney” Barnacle. We discussed how there are five business processes within the Oracle Cloud Financials Business Process Model. Today, Barney joins us once again to take us through the first of those business processes, the Invoice to Cash process. Nikita: Welcome back, Barney! 1:08 Barney: Hi Niki. Hi Lois. Nikita: Barney, what does the Invoice to Cash business process cover? Barney: Invoice to Cash is a child process of a parent life cycle commonly known as Order to Cash. Order to Cash includes all the steps involved in fulfilling customer orders, from order entry to delivery to the final customer payment. 01:31 Barney: Order processing can take many forms depending on the industry, product, and customer. It can range from delivering standard items that are directly shipped from stock to complex items, configurations (or structures), which can be fulfilled from multiple sources i.e. make, buy, or transfer. It can include processes such as drop shipments and internal orders. Certain businesses may process orders based on subscriptions only, which may or may not include fulfilment of items. If you're interested in learning more about these complex business subprocesses, I'd suggest visiting mylearn.oracle.com and looking for the business processes under Supply Chain Management (SCM), in particular Order Management Processing. 02:20 Barney: Here, in the business process for financials, we have simplified Order to Cash into two child subprocesses: Order to Shipment and Invoice to Cash. It is the second subprocess i.e. Invoice to Cash that uses financial products and covers customer billing (including the calculation of transaction tax), customer payments, also known as receipts, bank statements, reconciliation of receipts, and the ultimate creation of accounting entries for all transaction events in this billing process. 02:55 Lois: So, you're saying Invoice to Cash is just one part of the Order to Cash process. Barney: That's right, Lois. While the origin or source of a customer transaction can be multiple feeder systems (for example, Order Management, Projects, Subscription Management, and third-party or legacy billing systems), Invoice to Cash refers to an end-to-end process covering everything from the moment an invoice is created until the customer's debt is finally settled and reconciled with the bank statement. The real value for businesses lies in automating the process and getting insights and alerts from the Oracle Cloud applications to improve their overall profitability and cost savings. 03:38 Lois: Help me understand the flow of events, Barney. Because surely there are processes that occur before an invoice is raised, right? What are the processes covered in the larger Order to Cash cycle? Barney: You're absolutely right, Lois. Let's break it down further. Order to Cash is the parent business process. It starts in Order Management (with order capture and pricing) and ends in Cash Management (with the reconciliation of customer receipts). If we take a simple view of Order to Cash, we can use, as our example, ordering standard product items delivered directly to the customer from existing stock. We have two subprocesses here: Order to Shipment and Invoice to Cash. These processes use many different SaaS products. 04:25 Barney: The Order to Shipment subprocess starts with order capture by the order entry clerk, the salesperson, or directly input by the customer. The order captures essential attributes, such as items and quantities, required delivery dates, and financial contract terms, like payment terms, and so on. The pricing engine is called to create a sales price and then the global order promising check verifies supply of the items. Once the order is validated, submitted, and optionally approved, the order line passes on to order orchestration or fulfillment. 05:04 Barney: The order orchestration process drives scheduling and reservations. Then, within warehouses, the items are picked, packed, and shipped to the customer. Once the shipment is confirmed, the customer is invoiced based on contractual terms. Here, the second subprocess of Invoice to Cash takes over. The order orchestration process pushes the order attributes into the auto invoice interface tables. From there, the Billing Manager runs auto invoice to import customer invoices. This, in practice, will often be automated. The transactions will include the correct taxes as well as default accounts, and revenue will be recognized based on defined revenue recognition rules or events. 05:52 Nikita: Can I just interrupt, Barney? What do you mean by revenue recognition rules? Barney: Revenue recognition is an accounting principle that asserts that revenue must be recognized as it is earned. Let's look at this simply. The revenue recognition principle is a key component of an accrual-basis accounting. This accounting method recognizes revenue once it is considered earned, unlike the alternative cash-basis accounting, which recognizes revenue at the time cash is received or anytime cash changes hands. In the case of cash-based accounting, the revenue recognition principle is not applicable. 06:34 Barney: Revenue is generally recognized after a critical event occurs, like the product being delivered to the customer. Revenue recognition standards can vary based on a company's accounting method, geographical location, whether they are a public or private entity, and other factors. In essence, revenue recognition looks to answer when a business has earned its money. Typically, revenue is recognized after the performance obligations are considered fulfilled, and the currency amount is easily measurable to the company. A performance obligation is the promise to provide a distinct good or service to a customer. On the surface, it may seem simple, but a performance obligation being considered fulfilled can vary based on several factors. 07:19 Barney: Essentially, the revenue recognition principle means that companies' revenues are recognized when the service or product is considered delivered to the customer — not when the cash is received. Determining what constitutes a transaction can require more time and analysis than one might expect. To accurately recognize revenue, companies must pay attention to the five steps outlined in the various accounting standards and ensure they are interpreting them correctly. 07:47 Barney: For revenue recognition within our simple process flow, we could use an account receivables invoice and accounting rule to defer revenue, or we could pass the information over to the Revenue Management product to follow the steps of the relevant accounting standards and only recognize earned revenue when a performance obligation has been satisfied. Nikita: OK, I get it now. Thanks for that, Barney. 08:10 Barney: Great. So, getting back to our financial process, the invoice or invoices are either printed or electronically sent to the customer. The payment terms attached to each transaction will determine when full payment is due and may include early settlement discounts. Monthly statements sent to the customers will highlight account balances and any late or overdue transactions. Customers will send their payments, manually or electronically, and the company may also create automatic receipts (commonly known as direct debits) to transfer funds from customer bank accounts to the company's bank account on a regular monthly basis. 08:52 Barney: The receipt received will be applied to the open transactions (debit items such as invoices) and either clear or reduce the customer's account balances. The cashier will then ensure these receipts have all been correctly accounted in the company's bank account – a step called bank account reconciliation. The subledger accounting rules engine will ensure that at each transaction event (e.g., create invoices, adjust invoices, create receipts), the correct accounting is created and ultimately transferred to the general ledger as receivables journals. That means a full account record is created for each order line processed within the Order to Cash flow. 09:37 Barney: Finally, the Collections team monitors customer account balances on a regular basis and with various collection strategies and actions (such as sending dunning letters) aims to reduce Days Sales Outstanding and improve the company's cash inflow. 09:53 Lois: Let me make sure I get this. We have the larger life cycle, the Order to Cash process, which connects the various pillars of Enterprise Resource Planning, or ERP, like Financials and Procurement. And within them, there are modules like Order Management, Receivables, Collections, Cash Management, and General Ledger. Barney: Exactly, Lois. Nikita: So, since the focus of this series is on Oracle Financials, we'd like to learn more about the processes under it. 10:19 Barney: OK, Niki. Oracle Cloud provides capabilities to streamline the Invoice to Cash business process, and Oracle Receivables Cloud is the cornerstone of the Invoice to Cash solution. This application helps you improve cash flow, increase efficiencies, and optimize customer relationships. It has user-friendly interfaces that you can leverage to efficiently manage the process. And you can proactively manage the entire customer billing cycle and process customer receipts. 10:51 Nikita: From what I understand, the Accounts Receivable Specialist seems to be an important role in the Order to Cash process. So, how does the Oracle application help Receivables Specialists work more efficiently? 11:02 Barney: Oracle Receivables has embedded business intelligence that offers summarized dashboards within the work areas, giving you or giving the receivables specialist an intuitive, simple, and modern user experience. Infolets highlight, in real-time, issues with the key processing steps, such as auto invoicing, receipt processing, etc., allowing receivables specialists to take effective action. Some of these errors can also be downloaded into a spreadsheet for efficient bulk correction of data. 11:40 Barney: Another interesting feature is social enterprise network, which can highlight issues within the receivables and collections team, leading to quicker adjustments or corrections of the customer account balances or transactions. There's also Oracle Bill Management, which provides a self-service approach to reduce customer inquiries. You can set up Bill Management to enable the customer to directly complete various receivables processes for themselves, such as reviewing outstanding transactions and credit memos, monitoring disputes, and more importantly, making online payments. 12:22 The Oracle University Learning Community is a great place for you to collaborate and learn with experts, peers, and practitioners. Grow your skills, inspire innovation, and celebrate your successes. The more you participate, the more recognition you can earn. All of your activities, from liking a post to answering questions and sharing with others, will help you earn badges and ranks, and be recognized within the community. If you're already an Oracle MyLearn user, go to MyLearn to join the community. You'll need to log in first. If you've not yet accessed Oracle MyLearn, visit mylearn.oracle.com and create an account to get started. 13:01 Nikita: Welcome back. So Barney, you spoke about how Invoice to Cash has several tasks within it, like invoicing customers, collecting payments, and so on. How does all of this come together in terms of the Oracle Cloud Financials Business Model? Barney: Invoice to Cash is an integral financial process within organizations and is broadly divided in our model into four subprocesses: Customer Invoice to Receipt, Capture Transactions, Customer Statement to Collection, and Bank Transaction to Position. Let's have a look at each of these in turn. 13:36 Barney: The Customer Invoice to Receipt subprocess includes several tasks. Everything from recording the invoice to be sent to customers for goods sold or services provided and addressing billing-related issues, if there are any, to recording customer receipts, making adjustments to outstanding amounts, posting receivables activities so that the Receivables subledger can be seamlessly closed, and finally using analysis and reporting tools to get deeper insights and drive better decision-making. 14:04 Lois: That's a lot of details that are being captured. Barney: Yes, Lois. Every minute detail that affects the financial status of an organization can be captured, like the Capture Taxes subprocess. This is the process of applying required taxes based on legislative requirements. It's based on the information entered within the invoice and invoice line level. This could be regarding customer ship to, bill to, product and tax classification codes, and so on. The system automatically applies the attributes and calculates the correct taxes at the invoice line level and then calculates the total taxes applicable to the whole invoice. 14:43 Barney: Then we have the Customer Statement to Collections subprocess, which includes sending statements to customers at periodic intervals, flagging delinquents, creating and assigning collection-related tasks to collection agents, recording and resolving disputes raised by customers, recording payments, and tracking and measuring KPIs to review the collection team's performance. And finally, the Bank Transaction to Cash Position subprocess deals with matching bank statement lines to payments received from customers. Accountants working in the Treasury Department can prepare the expected cash positions, based on the expected receipts and payments to be made within the specific time period. 15:26 Lois: OK, so we've established that the application captures a lot of details. But we also need to be able to extract this data to assess the financial health of the organization, right? So, when it comes to receivables activities, what are the key performance indicators for an organization? Barney: Yes, you're right there, Lois. KPIs are required to closely monitor and measure the performance of an organization. And to really optimize the Invoice to Cash process, the Receivables department in any organization will have certain KPIs they need to track. 16:01 Barney: Some critical ones we've already mentioned are Days Sales Outstanding or DSO, which measures the average number of days that a company takes to collect revenue after a sale has been made, Time to Settle, Percentage of Current Receivables, Average Invoice Age, % Disputed Invoices, Operational Cost Per Collection, Number of Delinquent Accounts, and Time to Reconcile. These are all important KPIs. All these KPIs are easily available in the Oracle application in a visual representation, like a graph or percentage, and can be viewed by management simply in a single dashboard. They can also be displayed in a user-designed format for greater efficiency. 16:49 Nikita: Thank you so much, Barney, for coming back to talk to us about the Invoice to Cash business process. Barney: No worries. Happy to be here. 16:56 Lois: We're really looking forward to having you back next week to tell us about the next two business processes, Procure to Pay and Asset Acquisition to Retirement. And if you want to learn more about these ERP business processes and get certified, visit mylearn.oracle.com. Until next time, this is Lois Houston… Nikita: And Nikita Abraham, signing off! 17:18 That's all for this episode of the Oracle University Podcast. If you enjoyed listening, please click Subscribe to get all the latest episodes. We'd also love it if you would take a moment to rate and review us on your podcast app. See you again on the next episode of the Oracle University Podcast.

Wouldn't it be great if you could practice your Oracle Cloud Apps implementation in a safe, controlled lab environment? Well, now you can!   Join Lois Houston and Nikita Abraham, along with Bill Lawson, as they discuss the new Applied Learning for Fusion Cloud Applications Implementation projects, which provide practical use cases and business scenarios that you can work through to apply the concepts you've learned and expand your skills.   Oracle MyLearn: https://mylearn.oracle.com/ Oracle University Learning Community: https://education.oracle.com/ou-community LinkedIn: https://www.linkedin.com/showcase/oracle-university/ Twitter: https://twitter.com/Oracle_Edu   Special thanks to Arijit Ghosh, David Wright, Kris-Ann Nansen, Radhika Banka, Sujatha Kalahasthi Raju, and the OU Studio Team for helping us create this episode.   --------------------------------------------------------   Episode Transcript:   00:00 Welcome to the Oracle University Podcast, the first stop on your cloud journey. During this series of informative podcasts, we'll bring you foundational training on the most popular Oracle technologies. Let's get started. 00:26 Nikita: Hello and welcome to the Oracle University Podcast. I'm Nikita Abraham, Principal Technical Editor with Oracle University, and with me is Lois Houston, Director of Innovation Programs. Lois: Hello everyone! In our last episode, we spoke about HCM business processes and learned about the Talent Life Cycle. Today, we're going to take a look at some related training that's just launched in our Cloud Learning Subscriptions. This new training was developed based on requests from our customers and partners. You asked, and we listened. 00:58 Nikita: We're joined by Senior Director of Cloud Applications Product Management, Bill Lawson, who you've heard from before, and he will be telling us all about this exciting new program. Lois: Bill, we're so happy you're back with us today. So, as I mentioned, this new program was a direct result of customer and partner feedback. Can you tell us a little bit more about how that happened and what this new training is all about? 01:20 Bill: I'm happy to be back as well, Lois. And very excited to share details about the Applied Learning for Fusion Cloud Application Implementation projects that are now available. And you're correct. This was in direct response to requests we received from our customers and partners. As you're aware, we hold quarterly feedback sessions with some of our strategic partners and customers, and one thing we heard was the need to have some practical applications of concepts learned in our implementation courses. 01:46 Bill: So, we got our subject matter experts on the task and challenged them with creating some real-world scenarios that students can work through in our hands-on lab practice environments. In these scenarios, students will work their way through examples of some of the decisions and configurations that they and customers might need to go through in an implementation of Oracle Cloud Applications. It's a great way to expand your skills and apply the concepts you've learned in implementation classes in a safe, controlled lab environment. Then, you can take that back to your workplace and apply that knowledge in your own implementation projects. 02:19 Nikita: Wow, that's really cool, Bill. And how exciting that we're taking feedback directly from our customers and developing the training that they are asking for.   Bill: Yes, Niki, it is. And we're planning to continue that listening program in our Oracle University Learning Community. We've launched an Idea Incubator and we're looking forward to hearing from our members about their content ideas and suggestions. Who knows what new types of courses will come out of that?   02:43   Lois: It's another great reason to join the Community for sure.   Bill: Indeed, it is.   Nikita: Ok, Bill, back to the Applied Learning for Fusion Cloud Application Implementations program. Who is this training best suited for?   Bill: Well, Niki, it's really aimed at those people who are going to be actively involved in an Oracle Cloud Apps implementation. So, your solution consultants, implementers, administrators, project teams, etc. etc.   03:07   Nikita: And can you give us an example of what one of these projects looks like?   Bill: I sure can, Niki.    One of the new Applied Learning Implementation projects is centered around Fusion Enterprise Structures & General Ledger in the ERP space.   In the project scenario, we follow a fictional company, which is a startup that has decided to implement Oracle Fusion Cloud Financials to streamline their business processes while taking advantage of the latest functionality Oracle Cloud Applications has to offer.   The case study outlines the business requirements of the company and then provides a challenge to the learner. The student must determine how these requirements would be met within the application, complete the setup and configuration, and validate that they've done it correctly. 03:48   Lois: That's really neat. So essentially, it's mimicking a business scenario that you may come upon in a conference room pilot during an implementation and would have to configure using Fusion Applications.   Bill: Right, Lois. Providing a practical business scenario based on the customers' requirements for the student to configure a solution in a safe practice environment. The student will be prepared to tackle the scenario based on the foundation of knowledge they've gained when they completed the implementation learning path training in the learning subscription or during their previous implementation experience.   04:22   Have an idea for a new course or learning opportunity? We'd love to hear it! Visit the Oracle University Learning Community and share your thoughts with us. Your suggestion could find a place in future development projects. If you're already an Oracle MyLearn user, go to MyLearn to join the community. You will need to log in first. If you've not yet accessed Oracle MyLearn, visit mylearn.oracle.com and create an account to get started.    04:51 Nikita: Welcome back. Ok, Bill, so the students do this setup. How do they know it was done correctly? What if they get stumped and don't know what to do?   Bill: If they're completely stumped, then it's probably a good indication that they need to revisit the training and check that they understand the core concepts. But once they've completed the challenge, there will be a solution video in which our SME will walk through one of the possible solutions. Bear in mind, there may be more than one solution that is possible. We will show one possibility, but learners may opt for a different route when they approach the challenge. And that's ok. We want people to be able to explore the options and learn while they're doing so.   05:28 Lois: And all of this is done within MyLearn and the lab environments provided to our learning subscribers, right?   Bill: That's correct, Lois. This content is available to our MyLearn subscribers. The projects are included as part of the Cloud Applications Implementation training. So, if you go to mylearn.oracle.com and search by the phrase “Applied Learning,” you will find all the applicable learning. You can also search by “Implementer” to see the Implementation training that is available. Applied learning projects will be part of this implementation training. The content is available on a paid subscription basis only, but very well worth the investment if you're in the middle of an Oracle Cloud Apps implementation. If you already have a subscription, you can dive right in and give one of our projects a try. 06:12   Nikita: Bill, where are these Applied Learning scenarios found? Is it only for General Ledger?   Bill: No, Niki, it's not. We've got Applied Learning projects available for 10 of our most popular product areas, such as General Ledger, Payables, Receivables, Project Management, Accounting Hub, Global Human Resources, Talent Management, Recruiting, Inventory, and Procurement.   Lois: So, we're covering all the bases here – ERP, SCM, HCM…   Bill: Exactly.   06:42 Lois: Is there anything else we should know about the Applied Learning program? Bill: Well funny you should ask, Lois, because one of the unique things we're doing with this new program is we're offering the opportunity to engage with other people who are completing the project via a discussion in the Oracle University Learning Community.   Lois: You knew that was a loaded question, right?   Bill: Haha, I sure did. You're the champion of our Community.   So, in the Community, people can ask questions, share their solutions, and more. It's a great way to expand the learning experience and see how other people approached those same scenarios based on their knowledge and experience.   07:13 Nikita: And if people have ideas for other Applied Learning scenarios, what should they do?   Bill: They can always suggest those in the Idea Incubator in the Community, Niki.   Lois: Yep. The Community has a lot of great things to offer. If you're not a member, you should join today by accessing it via mylearn.oracle.com.   07:29 Nikita: Thank you so much, Bill, for coming back to talk to us about the Applied Learning program. I really think it's such a great new resource for our learners. Bill: I'm always happy to be here with you ladies. Thank you for having me. Lois: Thanks Bill. Ok, next week we've got another great topic lined up. If you followed along with some of the announcements at Oracle Cloud World, you'll know that we launched a new certification and training path centered around Artificial Intelligence. Next week, we'll be talking with Rohit Rahi to learn more about this free training that is available, in an episode we're calling AI for Everyone. You won't want to miss that. 08:03 Nikita: And if you want to learn more about these Applied Learning projects, visit mylearn.oracle.com. Lois: Right, Niki. So that's all for today. Until next time, this is Lois Houston… Nikita: And Nikita Abraham, signing off! 08:15 That's all for this episode of the Oracle University Podcast. If you enjoyed listening, please click Subscribe to get all the latest episodes. We'd also love it if you would take a moment to rate and review us on your podcast app. See you again on the next episode of the Oracle University Podcast.

Setting up proper accounting for your virtual branch is crucial for future success. The value of your online presence must be clear and concise in order to foster the support and funding it needs from the leadership in your company, so it's time to start strategizing how to measure this. The truth is that it's very likely that your virtual branch is much more profitable than you think, but is being underrepresented in your general ledger. The future of your business may depend on the quality of the digital solutions that you offer, so start investing in your online services today!Notes

Patrick Donley (@JPatrickDonley) sits down with Mitchell Baldridge to chat about his thesis of buying a business, buying real estate, employing tax strategies, enjoying the cash flow, and paying little to nothing in taxes. You'll also learn in more detail about the tax benefits of owning a small business, why a cost segregation study makes sense, what it has been like launching several new companies, and how Twitter has accelerated his career by decades.Mitchell Baldridge is a Certified Public Accountant and Certified Financial Planner with vast experience in corporate accounting, business advisory, and financial planning. His passion is building lifelong relationships with business owners to help them thrive. He founded Baldridge Financial in 2014 to realize his dream of helping business owners achieve their financial goals.He's also involved in several other businesses including Better Bookkeeping, RE Cost Seg, and Tax Credit Hunter. IN THIS EPISODE, YOU'LL LEARN:00:00 - Intro02:40 - What Mitchell's thesis is for wealth and tax optimization.04:48 - What a Real Estate Professional is.06:39 - What the tax benefits of owning a small business are.09:50 - What the different retirement plans are that solopreneurs can take advantage of.12:40 - What is qualified business income?14:55 - Why it is important to stay current on the tax codes.15:36 - What are the benefits of cost segregation?29:30 - How Mitchell teamed up with Nick Huber and what their competitive advantages are.32:06 - How Mitchell got Better Bookkeeping started.44:02 - Why the distribution Twitter provides has been so critical to his success.49:42 - What lessons he learned from Sam Zell.51:41 - What are the two questions he asks before pursuing an opportunity?59:01 - How he would spend $1000 if he was starting a new business.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESThe Everything Guide to House Hacking by Robert Leonard.Smart Friends podcast.Related Episode: Listen to REI173: The Power of Cost Segregation w/ Yonah Weiss or watch the video here.The Goal by Eliyahu Goldratt.The Power Broker by Robert Caro.Kevin Kelly's 1000 True Fans.The General Ledger newsletter.The Almanack of Naval Ravikant by Eric Jorgenson.Unreasonable Hospitality by Will Guidara.Shoe Dog by Phil Knight.Scaling Up Compensation by Verne Harnish.Who Is Michael Ovitz? by Michael Ovitz.Confessions of an Advertising Man by David Ogilvy.Better Bookkeeping.Cost Segregation - https://recostseg.com.NEW TO THE SHOW?Check out our Millennial Investing Starter Packs.Browse through all our episodes (complete with transcripts) here.Try Robert's favorite tool for picking stock winners and managing our portfolios: TIP Finance.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSGet a FREE audiobook from Audible.Be confident that you'll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Return to the all-access world of the rich and powerful. Don't miss new episodes of Billions streaming August 11th on the Paramount Plus with Showtime plan.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite's popular KPI Checklist, designed to give you consistently excellent performance for free.Learn from the world's best minds - anytime, anywhere, and at your own pace with Masterclass. Get 15% off an annual membership today.Make investing in Short Term Rentals aka Air-BNBs simple, passive, and profitable with Techvestor. Listeners of Millennial Investing get better terms by just mentioning "Millennial Investing!" Sign up and book your call with their Investor Relations Team to get started today.Support our free podcast by supporting our sponsors.Connect with Patrick: Twitter Connect with Mitchell: Twitter | WebsiteSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Excel is the #1 tool B2B SaaS companies use for many financial tasks, including calculating SaaS metrics to surface insights for operating decisions and investor updates.Ali started his career in tech as an auditor at Ernst and Young, with a priority focus on revenue recognition and reporting. While auditing a top tier B2B SaaS company, he was provided multiple spreadsheets with thousands of rows of data, and it even required almost 10 minutes to just open the Excel file, and almost 6 months to complete the audit. The primary challenge, finding all of the data required for the audit in an extremely large and poorly structured Excel model.What are the top signs that a founder/CEO will see to know it might be time to move beyond Excel? Ali suggests at $1M and above that Quickbooks is a fine General Ledger, but the initial issues are associated with revenue recognition and the associated reporting. Often, this is due to not having the right human resources who truly understand revenue recognition policy, and then the manual required to create a model and the appropriate formulas for revenue recognition.One sign that Excel might not be doing the job, is if revenue is being recognized on a cash basis. Another sign might be when an investor asks what your "MRR or ARR" is, and you realize it includes professional services or one-time fees. Why is getting revenue recognition important to an early-stage company? It becomes important when external stakeholders, like existing or potential investors, ask for things like GAAP revenue growth rates, and ARR growth rates and you cannot provide the answers because the financial foundation and reporting infrastructure have not been established.Inevitably if you are quickly heading to $1M ARR or already above that level, founders and CEOs are expected to know their numbers. One common tactic is to hire an external accountant, and ask them to set up revenue recognition and other financial reporting in Excel - the challenge with this is that it is not scalable, and if the "rent an accountant" goes away, it is hard for the next resource to understand the excel model.Next, we discussed the reality of ASC 606 (GAAP accounting policy), and how it impacts the need for more advanced financial reporting capabilities. ASC 606 includes very complex and nuanced accounting rules that Excel is just not well positioned to be the primary solution for modeling and reporting GAAP revenue and the associated financial metrics such as Gross Profit, EBITDA, and Net Income.The most important initial SaaS metric is Contracted ARR, and ARR including growth rates. Quickly following is the ability to understand Sales and Marketing expenses and the associated customer acquisition cost efficiency metrics including Customer Acquisition Cost, and CAC Payback Period. Cash burn and cash runway are other critical insights that a founder/CEO needs to ensure are available and accurate early on.When I asked Ali about other SaaS Metrics, he highlighted a recent example where a company wanted to start reporting their CARR and ARR, and they close a majority of deals mid-month. They were confused about how they report ARR for the month the contract was signed, and how those decisions impact the associated recognized revenue (GAAP revenue).If you are an early-stage SaaS company and are having challenges with Excel to capture, calculate and report basis SaaS financials including GAAP revenue, CARR, ARR and the associated SaaS performance metrics the conversation with Ali Rizvi is highly informative.

In this week's episode, Norma reflects on passing her Audit exam (YAY!) and how she is dealing with the last few weeks of school before graduation. Becky updates us on her General Ledger rotation and how much she is enjoying it!Links mentioned in this episodeLink to Jerry Maginnis' book, now featured in the Accounting Twins' Book ClubAdvice for a Successful Career in the Accounting Profession: How to Make Your Assets Greatly Exceed Your Liabilities by Jerry MaginnisFollow the Accounting Twins on Social Mediatwitter.com/AcctTwinsPodinstagram.com/accttwinspodlinkedin.com/company/accounting-twins-podcastfacebook.com/AccountingTwinsPodcasttiktok.com/@accttwinspodConnect with Beckytwitter.com/beckysteigerlinkedin.com/in/rebeccasteiger Connect with Normatwitter.com/normasteigerlinkedin.com/in/normasteigerReviewLeave a review on Apple Podcasts or PodchaserSubscribeSubscribe to the Accounting Twins Podcast in your favorite podcast app!This podcast is a production of Earmark Media LLCWant to sponsor this podcast? Full transcript available upon request.Season 3

The Chart of Accounts may not sound like the most exciting topic, but if you're serious about taking your business to the next level, it's a topic you can't afford to ignore. Understanding the Chart of Accounts is a critical step in making sense of your financial statements and gaining control over your finances. In this talk, we'll start with a definition of what the Chart of Accounts is, how it works, and why it's essential for managing your business's finances. We'll also cover common abbreviations and clear up any misconceptions you might have about this important accounting tool. Finally, we'll provide some best practices for setting up and using a Chart of Accounts effectively, so you can take control of your finances and make informed decisions for your business. Stick around until the end when we discuss one common misconception about chart of accounts. #chartofaccounts #accounting #accountspayable   The accounts payable invoice process is critical to the success of the accounts payable function. The three-way match concept is the standard approach used in accounts payable departments across the country, or at least those that use accounts payable best practices. It involves comparing the purchase order vs invoice and the receiving document and is a strong accounts payable internal control.   Link to Accounting Misconceptions about Accounts Payable https://youtu.be/1Cp_vfrkSSw Link to Invoices without PO Numbers: They Can Be Eliminated https://youtu.be/zpNocghaDhQ Link to Eliminating Duplicate Invoices Best Practices https://youtu.be/P6n-3gDqAs0 Link to Accounts Payable Best Practice Playlist https://youtube.com/playlist?list=PLtL6rWSXZ-HcvMSJTdNs0BCQJ0Ivb4l9V Link to Accounts Payable Month Playlist (long and shorts) https://youtube.com/playlist?list=PLtL6rWSXZ-HdXQrxOFqXLPw5t0g7YjhVh Link to Changing Invoice Best Practice Playlist https://youtube.com/playlist?list=PLtL6rWSXZ-HeE6BWKJaVwVMsri7UfQ4vh   Link to Accounts Payable Internal Controls Playlist https://youtube.com/playlist?list=PLtL6rWSXZ-HdV9JIterJ-bf6TwMset_z_ Subscribe now: https://www.youtube.com/APNow?sub_confirmation=1 Learn more about AP Now at www.ap-now.com Host: Host: Mary Schaeffer (www.ap-now.com) #accountspayable #procuretopay #p2p #purchaseledger #Accounting #accountspayableprocess #accountspayablebestpractices

Keegan Fonte is the volunteer host of the Artificial Intelligence and Machine Learning Brownbag meetup at Sage and is a Champion for the Continuous Innovation Community.  The AI Brownbag is a once-a-month meetup of folks interested in Machine Learning and Artificial Intelligence.  Recently for example, they had a speaker come and talk about Vendor Matching and how we are using Machine Learning in General Ledger to match the correct vendors.  In his work life, Keegan is a Marketing and Product Professional with 14 years of marketing experience in Technology, Car Rentals, Food/Retail, and now SaaS with Sage.    Outline Introduction to Keegan Fonté. 0:01 What's your favorite part about being the volunteer host of the AI Brownbag Meetup? 0:54 Chat GPT is the chatbot that's top of mind right now. 2:31 What are some of the things as it applies to chat GPT? 4:25 What are the implications of chat bots for marketing? 6:12 Who is a hero of yours and why are they a hero? 7:33

Keegan Fonte is the volunteer host of the Artificial Intelligence and Machine Learning Brownbag meetup at Sage and is a Champion for the Continuous Innovation Community.  The AI Brownbag is a once-a-month meetup of folks interested in Machine Learning and Artificial Intelligence.  Recently for example, they had a speaker come and talk about Vendor Matching and how we are using Machine Learning in General Ledger to match the correct vendors.  In his work life, Keegan is a Marketing and Product Professional with 14 years of marketing experience in Technology, Car Rentals, Food/Retail, and now SaaS with Sage.    Outline Introduction to Keegan Fonté. 0:01 What's your favorite part about being the volunteer host of the AI Brownbag Meetup? 0:54 Chat GPT is the chatbot that's top of mind right now. 2:31 What are some of the things as it applies to chat GPT? 4:25 What are the implications of chat bots for marketing? 6:12 Who is a hero of yours and why are they a hero? 7:33

How important is the general ledger to your organization? You might not care until you get a huge bill from your tax department for incorrectly coding an expense. Or you come to know that your financial position might not be as strong as you thought. The correct setup of the chart of accounts determines how much admin effort you would have with your accounting. In fact, it's the foundation of the ERP system implementation. If you lump everything under one account, you might lose the insights that you need to be able to find the root cause of financial issues. If you make it too broad, you might enter too much data during your transactions and may have adoption issues among your operations team because of the overly engineered processes.In today's episode, we invited a panel of cross-functional experts for a live interview on LinkedIn who brings significant expertise to discuss General Ledger best practices. We discussed the scope and boundaries of the general ledger processes and why the way your general ledger is set up might have an impact on your KPIs and operational performance. Finally, we discussed general ledger practices in different industries, the interaction of BI tools with general ledger, and the differences of general ledger processes for public vs private companies.For more information on growth strategies for SMBs using ERP and digital transformation, visit our community at wbs.rocks or elevatiq.com. To ensure that you never miss an episode of the WBS podcast, subscribe on your favorite podcasting platform.

Listen in podcast app-Stocks in a typical retracement… will it hold?-Inflation is dissipating-Russia Sanctions are working-the University of Canada-Apple is building a Facebook ad machine-Fantasy Football is back!!!Listen on Apple, Spotify, or Google Podcasts.If you aren't in the Reformed Millennials Facebook Group join us for daily updates, discussions, and deep dives into the investable trends Millennials should be paying attention to.

For the best accounting service for small businesses in Frisco, TX, get in touch with Hinckley Cook (+1-972-335-1553) today. Learn more by visiting https://www.hinckleycpa.com (https://www.hinckleycpa.com)

#125. In this episode of Amazing Applications, Emil Hovgaard and Sheelan Bhana of EY Nordic Tech Hub share the story behind EY's PowerPost application and how it has made the General Ledger posting process easier and faster for the EY organization. Emil's background and his role at the EY organizationSheelan's background and his role at the EY organizationEmil's favorite Microsoft applicationSheelan's favorite Microsoft applicationWhat Emil did during his time in the EY strategy team in AustraliaThe internal purpose of the EY organizationThe business challenge that Emil's team had to solve that led to the creation of the PowerPost applicationThe approach that Emil and his team took in building the PowerPost applicationSheelan talks about connecting to SAP from a Power Platform application and the challenges that came with thatWhat the PowerPost project team looked likeEmil's definition of a Fusion teamSheelan's experience working with Fusion developersWhat drove members of the EY Global Finance and ERP teams to support the creation of the PowerPost application?How Sheelan and the team gathered requirementsThe tools that Sheelan and the team used in building the PowerPost applicationThe testing approach that Sheelan and the team usedHow long did the PowerPost project take?The challenges that Sheelan and the team faced during the course of the PowerPost projectHow did Emil and his team approach user interface design?How Nordic Tech Hub is responding to the possibility of users demanding more from Microsoft business applicationsThe results that EY managed to achieve using the PowerPost applicationWhat's next for Nordic Tech Hub?ResourcesEY helps enable entry at source for a global finance process with Power Platform, reducing lead times by 95 percent on Microsoft Customer Stories.Emil Hovegaard on LinkedIn Sheelan Bhana on LinkedInSupport the show

Dave Burton talks about what he learned being blessed to be the father of a severely handicapped child. He will talk about the importance that special needs children have in the lives of everyone they meet. He will share with us his triumphs and struggles as the father of 5 incredible children and the challenges and miracles of raising this beautiful daughter along with her siblings, one of them is Rachel's twin sister. Rachel passed away on February 21, 2001 at the age of 9 years old. His wife is Kendra Burton the incredible and accomplished artist, and they have been blessed as well as had many challenges but have gone through this experience together. David Burton, has extensive experience with, and been responsible for, many projects. His degree is in Finance and his career includes banking, insurance, and Information Technology. In these industries he has managed the UDS Western Regional Engineering Data Center, been Bank Assistant Treasurer over bank forecasting and modeling, and been an Information Technology Director for the State of Utah Division of Technology Services. While in banking he served on an oversight team that reviewed all State government agencies to identify efficiency and consolidation opportunities. He was also responsible for the conversion of the bank's General Ledger accounting system and two acquired bank's Commercial, Consumer, Real Estate lending systems to Key Bank's systems. As IT Director he has been responsible for his Division's Strategic Planning, Fiscal Management, Policy, Enterprise Architecture, and Performance and Project Management. During his employment with the State he Chaired the State-wide Project Management Office and the State-wide Policy, Strategic Planning, IT Portfolio and Investment Management teams for a State-wide IT transition/consolidation. He has lived experience as the father of a disabled daughter giving him firsthand knowledge of the challenges faced by the disabled and their care givers. He has served on various advisory boards for the disabled spanning over twenty years: two private Advisory Boards, and four governmental Advisory Boards.

Dave Burton talks about what he learned being blessed to be the father of a severely handicapped child. He will talk about the importance that special needs children have in the lives of everyone they meet. He will share with us his triumphs and struggles as the father of 5 incredible children and the challenges and miracles of raising this beautiful daughter along with her siblings, one of them is Rachel's twin sister. Rachel passed away on February 21, 2001 at the age of 9 years old. His wife is Kendra Burton the incredible and accomplished artist, and they have been blessed as well as had many challenges but have gone through this experience together. David Burton, has extensive experience with, and been responsible for, many projects. His degree is in Finance and his career includes banking, insurance, and Information Technology. In these industries he has managed the UDS Western Regional Engineering Data Center, been Bank Assistant Treasurer over bank forecasting and modeling, and been an Information Technology Director for the State of Utah Division of Technology Services. While in banking he served on an oversight team that reviewed all State government agencies to identify efficiency and consolidation opportunities. He was also responsible for the conversion of the bank's General Ledger accounting system and two acquired bank's Commercial, Consumer, Real Estate lending systems to Key Bank's systems. As IT Director he has been responsible for his Division's Strategic Planning, Fiscal Management, Policy, Enterprise Architecture, and Performance and Project Management. During his employment with the State he Chaired the State-wide Project Management Office and the State-wide Policy, Strategic Planning, IT Portfolio and Investment Management teams for a State-wide IT transition/consolidation. He has lived experience as the father of a disabled daughter giving him firsthand knowledge of the challenges faced by the disabled and their care givers. He has served on various advisory boards for the disabled spanning over twenty years: two private Advisory Boards, and four governmental Advisory Boards.

As a restaurant owner, you know how important it is to stay on top of your bills. PlateIQ works with over 20,000 restaurants across the country, helping them manage and automate the full life cycle of the invoice process - from General Ledger coding up to and including bill payment Plate IQ uses OCR “Optical Character Recognition” and Deep Machine Learning to eliminate manual data entry from the accounts payable process. With PlateIQ's VendorPay you can seamlessly flow from invoice upload to paying your bills. With Plate IQ Vender Pay, you can also see what is due when. Schedule payments via check/ACH/or Plate IQ Card. Plus, You can even earn cashback on invoices from over 180,000 vendors. Lastly, VendorPay is also FOR Vendors. Keeping your vendors happy will give you leverage in negotiating your terms. Vendors participating in Plate IQ's VendorPay network LOVE it because on average they get paid 25% faster. To learn more - head over to plateIQ.com, hit request demo, and when your done, and ready to sign up, mention you heard about them on NROP and receive 25% off implementation. Exclusive Sponsor PlateIQ - Save 25% off your implementation fess, by requesting a demo, and mentioning the show - click here to get started.

Matt Rolfe is the Founder of Results Hospitality, Westshore Hospitality Group, and Matt Rolfe Hospitality Leadership Coaching. Matt is a leadership trainer who has worked with the top ten percent of the hospitality industry toward unlocking their true potential. As founder of the Results Hospitality and Westshore Hospitality Group, he has worked with hundreds of leadership teams throughout North America. Beginning his career with companies like Bacardi and Labatt/Anheuser Busch, Matt has become an industry expert dedicated to helping leaders and team members examine the human element of their businesses and execute effective communication, and team-building training unique to their needs. Additionally, Matt is the author of You Can't Do It Alone: Focusing on People to Scale, Develop and Lead Your Restaurant. Check out Think and Grow Rich by Napoleon Hill as recommended in today's episode. Check out Atomic Habits by James Clear as recommended in today's episode. Today's feature affiliate: Bentobox. In need of a restaurant website? Click this link to find out why so many of my guests use Bentobox! Show notes… Calls to ACTION!!! Join Restaurant Unstoppable Network and get your first 30 days on me!  Connect with my past guest and a community of superfans. Subscribe to the Restaurant Unstoppable YouTube Channel Join the private Unstoppable Facebook Group Join the email list! (Scroll Down to get the Vendor List!) Favorite success quote or mantra: "You can't take care of others if you don't take care of yourself." In this episode with Matt Rolfe we will discuss: Childhood trauma Recognize great behavior Relationship with money The differences between a consultant and a coach How to earn and recognize trust? Today's sponsor: This episode is brought to  you by Plate IQ, your Accounts Payable Automation and Expense Management solution. PateIQ works with 20,000 restaurants across the country. Plate IQ uses OCR "Optical Character Recognition" and Deep Machine Learning to eliminate manual data entry from the AP process. Automate the full life cycle of your invoices from General Ledger coding to bill payment via PlateIQ's VendorPay network. With PlateIQ's VendorPay you can seamless flow from invoice upload to paying your bills. You can earn cashback on invoices from over 180,000 vendors. With Plate IQ Vender Pay, you can see what is due when. Schedule payment by check/ACH/or Plate IQ Card. Lastly, VendorPay is also FOR Vendors. Keeping your vendors happy will give you leverage in negotiating your terms. Vendors participating in Plate IQ's VendorPay network LOVE it because it shortens Day Sales Outstanding by 25% - AKA: Vendors get paid 25% faster. To learn more head to plateIQ.com/unstoppable to get at least 25% off implementation. Fluctuating food prices. Staffing challenges- Now more than ever you need to control costs to remain profitable. MarginEdge is a restaurant management software that lets you see your food and labor costs in real time. By automating your invoice processing and totally digitizing your back office, MarginEdge saves your team hours on paperwork and gives you instant insights to manage your prime costs. Try MarginEdge free for 30 days. No contract. No setup fee. Learn more at marginedge.com/unstoppable   Diageo Bar Academy equips bartenders, servers, managers, and hospitality professionals with the insights, stories, and tools to be better - raising the bar on industry standards. Diageo Bar Academy reaches a diverse audience, with backgrounds and skill levels of all ranges- providing them with skills, knowledge, and the techniques they need to improve their personal and professional lives. Contact info: Website: mattrolfe.com Thanks for listening! Thanks so much for joining today! Have some feedback you'd like to share? Leave a note in the comment section below! If you enjoyed this episode, please share it using the social media buttons you see at the top of the post. Also, please leave an honest review for the Restaurant Unstoppable Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. And finally, don't forget to subscribe to the show on iTunes to get automatic updates. Huge thanks to Matt Rolfe for joining me for another awesome episode. Until next time! Restaurant Unstoppable is a free podcast. One of the ways I'm able to make it free is by earning a commission when sharing certain products with you. I've made it a core value to only share tools, resources, and services my guest mentors have recommend, first. If you're finding value in my podcast, please use my links!

With excitement allow me to introduce to you today's guest, Kevin Scharpf. Born and raised in Galena, Illinois, Kevin attended the Le Cordon Bleu of Culinary Arts in Minneapolis, MN. His past culinary experience includes the Hotel Sofitel's fine dining restaurant, La Fougasse, the acclaimed Restaurant Daniel in New York City, and a 6-year stint as the Executive Sous of Diamond Jo. In 2014 Kevin received First Place at the Taste of Elegance competition and competed in the National Pork Summit in Napa Valley. In 2016 Kevin was named one of FSR magazine's “40 under 40” Risings Stars. Kevin competed in season 16 of Bravo's ‘Top Chef' and was awarded the 2019 Iowa Restaurant Association's Chef of the Year. In November 2019, Kevin and his team were invited to the James Beard House in NYC as the Featured Chef for the “Dubuque Debut” dinner. Today's feature affiliate: Bentobox. In need of a restaurant website? Click this link to find out why so many of my guests use Bentobox! Show notes… Calls to ACTION!!! Join Restaurant Unstoppable Network and get your first 30 days on me!  Connect with my past guest and a community of superfans. Subscribe to the Restaurant Unstoppable YouTube Channel Join the private Unstoppable Facebook Group Join the email list! (Scroll Down to get the Vendor List!) Favorite success quote or mantra: "People are drawn to things that are authentic and real, and that's inspiring." In this episode with Kevin Scharpf we will discuss: Authenticity Awareness Mentors Culinary school Working in casinos Structured lifestyle/workstyle What we learn from corporate environments James Beard Awards Location and interior space/decoration Partners Prime Cost Operating a food truck Today's sponsor: This episode is brought to  you by Plate IQ, your Accounts Payable Automation and Expense Management solution. PateIQ works with 20,000 restaurants across the country. Plate IQ uses OCR "Optical Character Recognition" and Deep Machine Learning to eliminate manual data entry from the AP process. Automate the full life cycle of your invoices from General Ledger coding to bill payment via PlateIQ's VendorPay network. With PlateIQ's VendorPay you can seamless flow from invoice upload to paying your bills. You can earn cashback on invoices from over 180,000 vendors. With Plate IQ Vender Pay, you can see what is due when. Schedule payment by check/ACH/or Plate IQ Card. Lastly, VendorPay is also FOR Vendors. Keeping your vendors happy will give you leverage in negotiating your terms. Vendors participating in Plate IQ's VendorPay network LOVE it because it shortens Day Sales Outstanding by 25% - AKA: Vendors get paid 25% faster. To learn more head to plateIQ.com/unstoppable to get at least 25% off implementation. Fluctuating food prices. Staffing challenges- Now more than ever you need to control costs to remain profitable. MarginEdge is a restaurant management software that lets you see your food and labor costs in real time. By automating your invoice processing and totally digitizing your back office, MarginEdge saves your team hours on paperwork and gives you instant insights to manage your prime costs. Try MarginEdge free for 30 days. No contract. No setup fee. Learn more at marginedge.com/unstoppable   Diageo Bar Academy equips bartenders, servers, managers, and hospitality professionals with the insights, stories, and tools to be better - raising the bar on industry standards. Diageo Bar Academy reaches a diverse audience, with backgrounds and skill levels of all ranges- providing them with skills, knowledge, and the techniques they need to improve their personal and professional lives.   Knowledge bombs Which "it factor" habit, trait, or characteristic you believe most contributes to your success? Weird What is your biggest weakness? Sensitivity What's one question you ask or thing you look for during an interview? Passion What's a current challenge? How are you dealing with it? Personal growth Share one code of conduct or behavior you teach your team. "Hello." What is one uncommon standard of service you teach your staff? Treat guests as if they are guests in your home What's one book we must read to become a better person or restaurant owner? Setting The Table by Danny Meyer GET THIS BOOK FOR FREE AT AUDIBLE.COM  What's one piece of technology you've adopted within your restaurant walls and how has it influence operations? Social media What is one thing you feel restaurateurs don't do well enough or often enough? Not genuine enough Name one service you've hired. Retail Financial Services - Lance Nieland If you got the news that you'd be leaving this world tomorrow and all memories of you, your work, and your restaurants would be lost with your departure with the exception of 3 pieces of wisdom you could leave behind for the good of humanity, what would they be? Passion Love Awareness Contact info: Instagram: @kevinscharpf Facebook: @KevinScharpf Email: chefscharpf@gmail.com Thanks for listening! Thanks so much for joining today! Have some feedback you'd like to share? Leave a note in the comment section below! If you enjoyed this episode, please share it using the social media buttons you see at the top of the post. Also, please leave an honest review for the Restaurant Unstoppable Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. And finally, don't forget to subscribe to the show on iTunes to get automatic updates. Huge thanks to Kevin Scharpf for joining me for another awesome episode. Until next time! Restaurant Unstoppable is a free podcast. One of the ways I'm able to make it free is by earning a commission when sharing certain products with you. I've made it a core value to only share tools, resources, and services my guest mentors have recommend, first. If you're finding value in my podcast, please use my links!

Corey Mintz is a freelance food reporter (New York Times, Globe and Mail, Eater and others), focusing on the intersection between food with labor, politics, farming, ethics and culture. He has been a cook, a restaurant critic and is the author of How to Host a Dinner Party, which chronicled 192 dinner parties he hosted with fascinating people including politicians, refugees, criminals, artists, academics, acupuncturists, hi-rise window washers, competitive barbecuers and one monkey. Get The Next Supper: The End of Restaurants as We Knew Them, and What Comes After RIGHT HERE! Check out episode 845 with Corey Rosen as mentioned in today's episode! Today's feature affiliate: Bentobox. In need of a restaurant website? Click this link to find out why so many of my guests use Bentobox! Show notes… Calls to ACTION!!! Join Restaurant Unstoppable Network and get your first 30 days on me!  Connect with my past guest and a community of superfans. Subscribe to the Restaurant Unstoppable YouTube Channel Join the private Unstoppable Facebook Group Join the email list! (Scroll Down to get the Vendor List!) Favorite success quote or mantra: "Big change starts with little change." Today's sponsor: This episode is brought to  you by Plate IQ, your Accounts Payable Automation and Expense Management solution. PateIQ works with 20,000 restaurants across the country. Plate IQ uses OCR "Optical Character Recognition" and Deep Machine Learning to eliminate manual data entry from the AP process. Automate the full life cycle of your invoices from General Ledger coding to bill payment via PlateIQ's VendorPay network. With PlateIQ's VendorPay you can seamless flow from invoice upload to paying your bills. You can earn cashback on invoices from over 180,000 vendors. With Plate IQ Vender Pay, you can see what is due when. Schedule payment by check/ACH/or Plate IQ Card. Lastly, VendorPay is also FOR Vendors. Keeping your vendors happy will give you leverage in negotiating your terms. Vendors participating in Plate IQ's VendorPay network LOVE it because it shortens Day Sales Outstanding by 25% - AKA: Vendors get paid 25% faster. To learn more head to plateIQ.com/unstoppable to get at least 25% off implementation. Fluctuating food prices. Staffing challenges- Now more than ever you need to control costs to remain profitable. MarginEdge is a restaurant management software that lets you see your food and labor costs in real time. By automating your invoice processing and totally digitizing your back office, MarginEdge saves your team hours on paperwork and gives you instant insights to manage your prime costs. Try MarginEdge free for 30 days. No contract. No setup fee. Learn more at marginedge.com/unstoppable   Over 20,000 restaurants trust ChowNow (chownow.com/unstoppable) for their online ordering. With ChowNow, you'll take control of your online presence, connect with more local diners, and keep your hard-earned profits. Join the free ChowNow Marketplace to reach new customers without commissions. Want to go big? Put your restaurant in the spotlight with ChowNow Direct—a full suite of branded ordering and marketing tools, including your own app! For a limited time, Restaurant Unstoppable listeners save 30% on a ChowNow Direct annual plan. Contact info: Website: coreymintz.ca Thanks for listening! Thanks so much for joining today! Have some feedback you'd like to share? Leave a note in the comment section below! If you enjoyed this episode, please share it using the social media buttons you see at the top of the post. Also, please leave an honest review for the Restaurant Unstoppable Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. And finally, don't forget to subscribe to the show on iTunes to get automatic updates. Huge thanks to Corey Mintz for joining me for another awesome episode. Until next time! Restaurant Unstoppable is a free podcast. One of the ways I'm able to make it free is by earning a commission when sharing certain products with you. I've made it a core value to only share tools, resources, and services my guest mentors have recommend, first. If you're finding value in my podcast, please use my links!

With Excitement allow me to introduce to you today's guest, the Founder of Big Grover Brewery, Matt Swift. Matt Swift grew up in the restaurant business. His mom, Faye Swift, opened Sluggers in Coralville, IA when Matt was just a young boy. Matt would go on to work in that restaurant learning about a hospitality first mentality and High standards before opening his first restaurant, Black Stone, in 2007. With numerous partners, Matt has since gone on to open Red's Ale House (2009) Big Grove Brewery Solon (2013), 30 Hop (2014), Pullmans bar (2015), Mosely's Barbecue and Provisions (2016), Big Grove, Iowa City (2017), Saint Burch Tavern (2018), Tribute (2020), and the Iowa Athletic Clun (2021). Today's feature affiliate: Bentobox. In need of a restaurant website? Click this link to find out why so many of my guests use Bentobox! Show notes… Calls to ACTION!!! Join Restaurant Unstoppable Network and get your first 30 days on me!  Connect with my past guest and a community of superfans. Subscribe to the Restaurant Unstoppable YouTube Channel Join the private Unstoppable Facebook Group Join the email list! (Scroll Down to get the Vendor List!) Favorite success quote or mantra: "Not preparing is preparing to fail." In this episode with Matthew Swift we will discuss: Dealing with a massive floods that ruins your restaurant Partnerships Candor Exiting partners Scaling Transitioning from restaurant to brewery Community involvement Today's sponsor: This episode is brought to  you by Plate IQ, your Accounts Payable Automation and Expense Management solution. PateIQ works with 20,000 restaurants across the country. Plate IQ uses OCR "Optical Character Recognition" and Deep Machine Learning to eliminate manual data entry from the AP process. Automate the full life cycle of your invoices from General Ledger coding to bill payment via PlateIQ's VendorPay network. With PlateIQ's VendorPay you can seamless flow from invoice upload to paying your bills. You can earn cashback on invoices from over 180,000 vendors. With Plate IQ Vender Pay, you can see what is due when. Schedule payment by check/ACH/or Plate IQ Card. Lastly, VendorPay is also FOR Vendors. Keeping your vendors happy will give you leverage in negotiating your terms. Vendors participating in Plate IQ's VendorPay network LOVE it because it shortens Day Sales Outstanding by 25% - AKA: Vendors get paid 25% faster. To learn more head to plateIQ.com/unstoppable to get at least 25% off implementation. Fluctuating food prices. Staffing challenges- Now more than ever you need to control costs to remain profitable. MarginEdge is a restaurant management software that lets you see your food and labor costs in real time. By automating your invoice processing and totally digitizing your back office, MarginEdge saves your team hours on paperwork and gives you instant insights to manage your prime costs. Try MarginEdge free for 30 days. No contract. No setup fee. Learn more at marginedge.com/unstoppable Over 20,000 restaurants trust ChowNow (chownow.com/unstoppable) for their online ordering. With ChowNow, you'll take control of your online presence, connect with more local diners, and keep your hard-earned profits. Join the free ChowNow Marketplace to reach new customers without commissions. Want to go big? Put your restaurant in the spotlight with ChowNow Direct—a full suite of branded ordering and marketing tools, including your own app! For a limited time, Restaurant Unstoppable listeners save 30% on a ChowNow Direct annual plan. Knowledge bombs Which "it factor" habit, trait, or characteristic you believe most contributes to your success? Good at saying yes and following through What is your biggest weakness? Details What's one question you ask or thing you look for during an interview? Energy What's a current challenge? How are you dealing with it? Staffing Share one code of conduct or behavior you teach your team. Practice candor  What is one uncommon standard of service you teach your staff? Push atmosphere, respect the guest What's one book we must read to become a better person or restaurant owner? The Culture Code: The Secrets of Highly Successful Groups by Daniel Coyle Extreme Ownership: How U.S. Navy SEALs Lead and Win by Jocko Willink and Leif Babin Atomic Habits:An Easy & Proven Way to Build Good Habits & Break Bad Ones by James Clear GET THIS BOOK FOR FREE AT AUDIBLE.COM  What's one piece of technology you've adopted within your restaurant walls and how has it influence operations? 7Shifts What is one thing you feel restaurateurs don't do well enough or often enough? Be present, be on the floor Name one service you've hired. 7Shifts If you got the news that you'd be leaving this world tomorrow and all memories of you, your work, and your restaurants would be lost with your departure with the exception of 3 pieces of wisdom you could leave behind for the good of humanity, what would they be? Not preparing is preparing to fail Take the time to know the people around you Practice candor Contact info: Email: matt@biggrovebrewery.com Thanks for listening! Thanks so much for joining today! Have some feedback you'd like to share? Leave a note in the comment section below! If you enjoyed this episode, please share it using the social media buttons you see at the top of the post. Also, please leave an honest review for the Restaurant Unstoppable Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. And finally, don't forget to subscribe to the show on iTunes to get automatic updates. Huge thanks to Matthew Swift for joining me for another awesome episode. Until next time! Restaurant Unstoppable is a free podcast. One of the ways I'm able to make it free is by earning a commission when sharing certain products with you. I've made it a core value to only share tools, resources, and services my guest mentors have recommend, first. If you're finding value in my podcast, please use my links!

With Excitement allow me to introduce to you today's guest, Kelly Valentine. Kelly Valentine is the Founder of Femmes in Food where she is a consultant + champion for #ladyowned Food & Beverage brands. She also has a decade of experience designing, curating + operationally executing pop-up dinners + events ranging from intimate gatherings to multi-day experiences. She's worked with street vendors to James Beard award-winning chefs and lives for the magic that's created when you bring strangers together to share a meal at a communal dining table. Check out episode 886 with Dina Samson as mentioned in today's episode. Check out episode 896 with Steph Sellers as mentioned in today's episode. Today's feature affiliate: Bentobox. In need of a restaurant website? Click this link to find out why so many of my guests use Bentobox! Show notes… Calls to ACTION!!! Join Restaurant Unstoppable Network and get your first 30 days on me!  Connect with my past guest and a community of superfans. Subscribe to the Restaurant Unstoppable YouTube Channel Join the private Unstoppable Facebook Group Join the email list! (Scroll Down to get the Vendor List!) Favorite success quote or mantra: "Be kind, for everyone you meet is fighting a battle you know nothing about." "I can do hard things." In this episode with Kelly Valentine we will discuss: What is a pop-up? What are the different varieties of pop-ups? When should someone try their first pop-up? What is branding? Taxes and legalities Menu design and sized best practices How to market a pop-up How do pop-ups benefit the host location and the pop-up operator mutually? Track everything What is Femmes In Food? Today's sponsor: This episode is brought to  you by Plate IQ, your Accounts Payable Automation and Expense Management solution. PateIQ works with 20,000 restaurants across the country. Plate IQ uses OCR "Optical Character Recognition" and Deep Machine Learning to eliminate manual data entry from the AP process. Automate the full life cycle of your invoices from General Ledger coding to bill payment via PlateIQ's VendorPay network. With PlateIQ's VendorPay you can seamless flow from invoice upload to paying your bills. You can earn cashback on invoices from over 180,000 vendors. With Plate IQ Vender Pay, you can see what is due when. Schedule payment by check/ACH/or Plate IQ Card. Lastly, VendorPay is also FOR Vendors. Keeping your vendors happy will give you leverage in negotiating your terms. Vendors participating in Plate IQ's VendorPay network LOVE it because it shortens Day Sales Outstanding by 25% - AKA: Vendors get paid 25% faster. To learn more head to plateIQ.com/unstoppable to get at least 25% off implementation. Fluctuating food prices. Staffing challenges- Now more than ever you need to control costs to remain profitable. MarginEdge is a restaurant management software that lets you see your food and labor costs in real time. By automating your invoice processing and totally digitizing your back office, MarginEdge saves your team hours on paperwork and gives you instant insights to manage your prime costs. Try MarginEdge free for 30 days. No contract. No setup fee. Learn more at marginedge.com/unstoppable   Diageo Bar Academy equips bartenders, servers, managers, and hospitality professionals with the insights, stories, and tools to be better - raising the bar on industry standards. Diageo Bar Academy reaches a diverse audience, with backgrounds and skill levels of all ranges- providing them with skills, knowledge, and the techniques they need to improve their personal and professional lives.   Contact info: Instagram... Personal: @kellyjvalentine Business: @femmesinfood Website: femmesinfood.com Thanks for listening! Thanks so much for joining today! Have some feedback you'd like to share? Leave a note in the comment section below! If you enjoyed this episode, please share it using the social media buttons you see at the top of the post. Also, please leave an honest review for the Restaurant Unstoppable Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. And finally, don't forget to subscribe to the show on iTunes to get automatic updates. Huge thanks to Kelly Valentine for joining me for another awesome episode. Until next time! Restaurant Unstoppable is a free podcast. One of the ways I'm able to make it free is by earning a commission when sharing certain products with you. I've made it a core value to only share tools, resources, and services my guest mentors have recommend, first. If you're finding value in my podcast, please use my links!

With excitement, allow me to introduce to you today's guest, Executive Chef and Partner at Big Grove Brewery, Ben Smart. An Iowa City native, Ben studied Geo Science at the University of Iowa. After graduating, it didn't take long for Ben to realize that he wasn't cut out for the office life, so he went back to study at Kirkwood Community College in Cedar Rapids to study Culinary Arts. After a few short stints cooking in Iowa City, IA and Kansas City, MO, Ben moved to Woodinville, WA in 2008 to work at The Herbfarm. He didn't know it then, but he would spend the next six years of his career at The Herbfarm. In 2012, Ben and his family were ready to make the move back to Iowa, and coincidently, he got a call from an old family friend for an opportunity to be the Executive Chef at a new restaurant opening in Solon, IA; Big Grove Brewery. Ben jumped at the opportunity. Today Ben is a Partner in Big Grove Brewery in Solon, IA, Big Grove Brewery in Iowa City, IA, Pullmans Bar and Diner in Iowa City, IA, and St. Burch's Tavern in Iowa City, IA. Today's feature affiliate: Bentobox. In need of a restaurant website? Click this link to find out why so many of my guests use Bentobox! Show notes… Calls to ACTION!!! Join Restaurant Unstoppable Network and get your first 30 days on me!  Connect with my past guest and a community of superfans. Subscribe to the Restaurant Unstoppable YouTube Channel Join the private Unstoppable Facebook Group Join the email list! (Scroll Down to get the Vendor List!) Favorite success quote or mantra: "Show me your friends, I'll show you your future." In this episode with Ben Smart we will discuss: Culinary school Networking Fine dining Mise en place Farm to fork Leadership Soft skills Tapping your professional network Visioning Labor Business partnerships Educating staff CORE values Imposter syndrom Today's sponsor: This episode is brought to  you by Plate IQ, your Accounts Payable Automation and Expense Management solution. PateIQ works with 20,000 restaurants across the country. Plate IQ uses OCR "Optical Character Recognition" and Deep Machine Learning to eliminate manual data entry from the AP process. Automate the full life cycle of your invoices from General Ledger coding to bill payment via PlateIQ's VendorPay network. With PlateIQ's VendorPay you can seamless flow from invoice upload to paying your bills. You can earn cashback on invoices from over 180,000 vendors. With Plate IQ Vender Pay, you can see what is due when. Schedule payment by check/ACH/or Plate IQ Card. Lastly, VendorPay is also FOR Vendors. Keeping your vendors happy will give you leverage in negotiating your terms. Vendors participating in Plate IQ's VendorPay network LOVE it because it shortens Day Sales Outstanding by 25% - AKA: Vendors get paid 25% faster. To learn more head to plateIQ.com/unstoppable to get at least 25% off implementation. Fluctuating food prices. Staffing challenges- Now more than ever you need to control costs to remain profitable. MarginEdge is a restaurant management software that lets you see your food and labor costs in real time. By automating your invoice processing and totally digitizing your back office, MarginEdge saves your team hours on paperwork and gives you instant insights to manage your prime costs. Try MarginEdge free for 30 days. No contract. No setup fee. Learn more at marginedge.com/unstoppable   Diageo Bar Academy equips bartenders, servers, managers, and hospitality professionals with the insights, stories, and tools to be better - raising the bar on industry standards. Diageo Bar Academy reaches a diverse audience, with backgrounds and skill levels of all ranges- providing them with skills, knowledge, and the techniques they need to improve their personal and professional lives. Knowledge Bombs: Which “it factor” habit, trait, or characteristic you believe most contributes to your success? Discipline What is your biggest weakness? Organization What's one question you ask or thing you look for during an interview? What is their connection to food? What's a current challenge? How are you dealing with it? All the moving parts Share one code of conduct or behavior you teach your team. Cut the tape What is one uncommon standard of service you teach your staff? Push our BOH team to "table touch" What's one book we must read to become a better person or restaurant owner? The Culture Code: The Secrets of Highly Successful Groups by Daniel Coyle GET THIS BOOK FOR FREE AT AUDIBLE.COM What's one piece of technology you've adopted within your restaurant walls and how has it influence operations? Toast - KDS What is one thing you feel restaurateurs don't do well enough or often enough? Training their people - professional development Name one service you've hired. Bergan KDV - Business solutions If you got the news that you'd be leaving this world tomorrow and all memories of you, your work, and your restaurants would be lost with your departure with the exception of 3 pieces of wisdom you could leave behind for the good of humanity, what would they be? Surround yourself with people that challenge you Find something worth sacrificing for Life moves fast, so slow down and try to enjoy it Contact info: Instagram: @biggroveben Email: ben@biggrove.com Thanks for listening! Thanks so much for joining today! Have some feedback you'd like to share? Leave a note in the comment section below! If you enjoyed this episode, please share it using the social media buttons you see at the top of the post. Also, please leave an honest review for the Restaurant Unstoppable Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. And finally, don't forget to subscribe to the show on iTunes to get automatic updates. Huge thanks to Ben Smart for joining me for another awesome episode. Until next time! Restaurant Unstoppable is a free podcast. One of the ways I'm able to make it free is by earning a commission when sharing certain products with you. I've made it a core value to only share tools, resources, and services my guest mentors have recommend, first. If you're finding value in my podcast, please use my links!

With excitement allow me to introduce to you today's guest, Co-Founder of Jimmy Jack's Rib Shack, Jack Piper. Jack got his start in Iowa City working at the legendary China Garden Restaurant, where he learned about amazing service, the importance of attention to detail, and leading by example. Jack, also a natural artist, used his ability to land himself in NYC where he was mentored by world-famous artist, Marilyn Minter. Minter took a likely to Jack, and as a result, jack got more opportunities than most in the world of art, but he was turned away by the art industry by its politics, however, this experience left a huge influence on his life. Jack went on to work in the FOH in many fine-dining restaurants throughout the US including NYC, Utah, and Texas before doing 4 years with the Cheesecake Factory where he learned a ton of systems and culture. In 1998 the Discussion to open Atlas in Iowa City, IA started and by 2000 the restaurant was open. Atlas had a successful 17-year run under Jack's ownership before he sold the restaurant to Matt Swift and Ben Smart. During that time Jack also opened Jimmy Jack's Rib Shack and Basta Italian Restaurant. He also took Jimmy Jack's popular BBQ sauces nationwide with Amazon, and throughout the region in 150 local retailers. Check out episode 870 with Chef Pierre Hilzim and Monica Davidson as mentioned in today's episode. Check out episode 894 with Jack Piper as mentioned in today's episode. Today's feature affiliate: Bentobox. In need of a restaurant website? Click this link to find out why so many of my guests use Bentobox! Show notes… Calls to ACTION!!! Join Restaurant Unstoppable Network and get your first 30 days on me!  Connect with my past guest and a community of superfans. Subscribe to the Restaurant Unstoppable YouTube Channel Join the private Unstoppable Facebook Group Join the email list! (Scroll Down to get the Vendor List!) Favorite success quote or mantra: "Win your morning, win your day." In this episode with Jack Piper we will discuss: Start by bottling sauces and selling them in your store, not online Can you at least pull off that much

With excitement allow me to introduce to you today's guest, Founder and Chief Cookie Officer of Cookies & Dreams, Stephanie Sellers. Iowa native, Stephanie Sellers, discovered her love of baking as a kid peering over the counter as Mimi (her long-time babysitter) taught her the basics while they baked up a storm. her "hobby" later turned into a full-time business-- baking wedding cakes birthday cakes, & more for the community & local restaurants. Stephanie and her husband went on to open a couple of restaurants where baked goods were always featured. Then, amidst the pandemic in early 2020, Cookies and Dreams was launched. Today Cookies & Dreams has sold close to ONE MILLION COOKIES and have scaled to 4 brick and mortar locations with two more opening in the summer of 2022 throughout Iowa. Check out episode 894 with Jack Piper as mentioned in today's episode. Today's feature affiliate: Bentobox. In need of a restaurant website? Click this link to find out why so many of my guests use Bentobox! Show notes… Calls to ACTION!!! Join Restaurant Unstoppable Network and get your first 30 days on me!  Connect with my past guest and a community of superfans. Subscribe to the Restaurant Unstoppable YouTube Channel Join the private Unstoppable Facebook Group Join the email list! (Scroll Down to get the Vendor List!) Favorite success quote or mantra: "There is no secret; keep going." In this episode with Steph Sellers we will discuss: Mentors Problem solving Customer service Closing a business Whole sale Construction and contractors Staffing Pop ups Farmers markets Mental health Motherhood and entrepreneurial leadership Today's sponsor: This episode is brought to  you by Plate IQ, your Accounts Payable Automation and Expense Management solution. PateIQ works with 20,000 restaurants across the country. Plate IQ uses OCR "Optical Character Recognition" and Deep Machine Learning to eliminate manual data entry from the AP process. Automate the full life cycle of your invoices from General Ledger coding to bill payment via PlateIQ's VendorPay network. With PlateIQ's VendorPay you can seamless flow from invoice upload to paying your bills. You can earn cashback on invoices from over 180,000 vendors. With Plate IQ Vender Pay, you can see what is due when. Schedule payment by check/ACH/or Plate IQ Card. Lastly, VendorPay is also FOR Vendors. Keeping your vendors happy will give you leverage in negotiating your terms. Vendors participating in Plate IQ's VendorPay network LOVE it because it shortens Day Sales Outstanding by 25% - AKA: Vendors get paid 25% faster. To learn more head to plateIQ.com/unstoppable to get at least 25% off implementation. Fluctuating food prices. Staffing challenges- Now more than ever you need to control costs to remain profitable. MarginEdge is a restaurant management software that lets you see your food and labor costs in real time. By automating your invoice processing and totally digitizing your back office, MarginEdge saves your team hours on paperwork and gives you instant insights to manage your prime costs. Try MarginEdge free for 30 days. No contract. No setup fee. Learn more at marginedge.com/unstoppable Over 20,000 restaurants trust ChowNow (chownow.com/unstoppable) for their online ordering. With ChowNow, you'll take control of your online presence, connect with more local diners, and keep your hard-earned profits. Join the free ChowNow Marketplace to reach new customers without commissions. Want to go big? Put your restaurant in the spotlight with ChowNow Direct—a full suite of branded ordering and marketing tools, including your own app! For a limited time, Restaurant Unstoppable listeners save 30% on a ChowNow Direct annual plan. Knowledge bombs Which "it factor" habit, trait, or characteristic you believe most contributes to your success? Epically curious What is your biggest weakness? Trying to do too much What's one question you ask or thing you look for during an interview? Good, positive vibe What's a current challenge? How are you dealing with it? Being a new mom Share one code of conduct or behavior you teach your team. Assume positive intent What is one uncommon standard of service you teach your staff? Say "guests" instead of "customers" What's one book we must read to become a better person or restaurant owner? The No Rules Rules Book by Reed Hastings and Erin Meyer GET THIS BOOK FOR FREE AT AUDIBLE.COM  What's one piece of technology you've adopted within your restaurant walls and how has it influence operations? Text message marketing What is one thing you feel restaurateurs don't do well enough or often enough? Emotional intelligence Name one service you've hired. Break Bread IT Consulting If you got the news that you'd be leaving this world tomorrow and all memories of you, your work, and your restaurants would be lost with your departure with the exception of 3 pieces of wisdom you could leave behind for the good of humanity, what would they be? Don't lose sight of what you are passionate about Don't try to do everything by yourself Be mindful of emotional intelligence Contact info: Website: idreamaboutcookies.com Instagram: @idreamaboutcookies Thanks for listening! Thanks so much for joining today! Have some feedback you'd like to share? Leave a note in the comment section below! If you enjoyed this episode, please share it using the social media buttons you see at the top of the post. Also, please leave an honest review for the Restaurant Unstoppable Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. And finally, don't forget to subscribe to the show on iTunes to get automatic updates. Huge thanks to Steph Sellers for joining me for another awesome episode. Until next time! Restaurant Unstoppable is a free podcast. One of the ways I'm able to make it free is by earning a commission when sharing certain products with you. I've made it a core value to only share tools, resources, and services my guest mentors have recommend, first. If you're finding value in my podcast, please use my links!

With excitement allow me to introduce today's guest, the Founder of RestaurantRockstars.com, Roger Beaudoin. Roger is a 27-year veteran Restaurateur and Founder/ President of Restaurant Rockstars. He is an expert at Staff Training, Operating Systems and Maximizing Restaurant fProfit. Roger is a 2 X Author, Personal Restaurant Coach, Creator of the Restaurant Rockstars Academy, Sales Stars Staff Training, and Co-Creator of the SRV Training APP. Roger is also host of the weekly Restaurant Rockstars Podcast. You can reach him at roger@restaurantrockstars.com Check out episode 371 with Jack O'Sullivan as mentioned in today's episode. Check out episode 413 with Roger Beaudoin as mentioned in today's episode! Check out episode 226 with Roger Beaudoin as mentioned in today's episode! Check out episode 213 with Roger Beaudoin & David Long as mentioned in today's episode! Check out episode 123 with Roger Beaudoin as mentioned in today's episode! Check out Restaurant Strong by Peter LeSar as recommended in today's episode. Today's feature affiliate: Bentobox. In need of a restaurant website? Click this link to find out why so many of my guests use Bentobox! Show notes… Calls to ACTION!!! Join Restaurant Unstoppable Network and get your first 30 days on me!  Connect with my past guest and a community of superfans. Subscribe to the Restaurant Unstoppable YouTube Channel Join the private Unstoppable Facebook Group Join the email list! (Scroll Down to get the Vendor List!) Favorite success quote or mantra: "Success is about the journey, not the destination." In this episode with Roger Beaudoin we will discuss: Pre-meal meetings are essential Training all staff on all positions, both BOH and FOH Educate, entertain, and inform your guests Why did Roger create Sales Stars? Tracking marketing Internal marketing Constant reinvention Core values and culture You need to leverage technology for the best training and guest experience Today's sponsor: This episode is brought to  you by Plate IQ, your Accounts Payable Automation and Expense Management solution. PateIQ works with 20,000 restaurants across the country. Plate IQ uses OCR "Optical Character Recognition" and Deep Machine Learning to eliminate manual data entry from the AP process. Automate the full life cycle of your invoices from General Ledger coding to bill payment via PlateIQ's VendorPay network. With PlateIQ's VendorPay you can seamless flow from invoice upload to paying your bills. You can earn cashback on invoices from over 180,000 vendors. With Plate IQ Vender Pay, you can see what is due when. Schedule payment by check/ACH/or Plate IQ Card. Lastly, VendorPay is also FOR Vendors. Keeping your vendors happy will give you leverage in negotiating your terms. Vendors participating in Plate IQ's VendorPay network LOVE it because it shortens Day Sales Outstanding by 25% - AKA: Vendors get paid 25% faster. To learn more head to plateIQ.com/unstoppable to get at least 25% off implementation. Fluctuating food prices. Staffing challenges- Now more than ever you need to control costs to remain profitable. MarginEdge is a restaurant management software that lets you see your food and labor costs in real time. By automating your invoice processing and totally digitizing your back office, MarginEdge saves your team hours on paperwork and gives you instant insights to manage your prime costs. Try MarginEdge free for 30 days. No contract. No setup fee. Learn more at marginedge.com/unstoppable   Diageo Bar Academy equips bartenders, servers, managers, and hospitality professionals with the insights, stories, and tools to be better - raising the bar on industry standards. Diageo Bar Academy reaches a diverse audience, with backgrounds and skill levels of all ranges- providing them with skills, knowledge, and the techniques they need to improve their personal and professional lives. Contact info: RestaurantRockstars.com srvnow.com Thanks for listening! Thanks so much for joining today! Have some feedback you'd like to share? Leave a note in the comment section below! If you enjoyed this episode, please share it using the social media buttons you see at the top of the post. Also, please leave an honest review for the Restaurant Unstoppable Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. And finally, don't forget to subscribe to the show on iTunes to get automatic updates. Huge thanks to Roger Beaudoin for joining me for another awesome episode. Until next time!   Restaurant Unstoppable is a free podcast. One of the ways I'm able to make it free is by earning a commission when sharing certain products with you. I've made it a core value to only share tools, resources, and services my guest mentors have recommend, first. If you're finding value in my podcast, please use my links!

With excitement allow me to introduce to you today's guest, Co-Founder of Jimmy Jack's Rib Shack, Jack Piper. Jack got his start in Iowa City working at the legendary China Garden Restaurant, where he learned about amazing service, the importance of attention to detail, and leading by example. Jack, also a natural artist, used his ability to land himself in NYC where he was mentored by world-famous artist, Marilyn Minter. Minter took a likely to Jack, and as a result, jack got more opportunities than most in the world of art, but he was turned away by the art industry by its politics, however, this experience left a huge influence on his life. Jack went on to work in the FOH in many fine-dining restaurants throughout the US including NYC, Utah, and Texas before doing 4 years with the Cheesecake Factory where he learned a ton of systems and culture. In 1998 the Discussion to open Atlas in Iowa City, IA started and by 2000 the restaurant was open. Atlas had a successful 17-year run under Jack's ownership before he sold the restaurant to Matt Swift and Ben Smart. During that time Jack also opened Jimmy Jack's Rib Shack and Basta Italian Restaurant. He also took Jimmy Jack's popular BBQ sauces nationwide with Amazon, and throughout the region in 150 local retailers. Check out episode 878 with Donald Moore as mentioned in today's episode. Today's feature affiliate: Bentobox. In need of a restaurant website? Click this link to find out why so many of my guests use Bentobox! Show notes… Calls to ACTION!!! Join Restaurant Unstoppable Network and get your first 30 days on me!  Connect with my past guest and a community of superfans. Subscribe to the Restaurant Unstoppable YouTube Channel Join the private Unstoppable Facebook Group Join the email list! (Scroll Down to get the Vendor List!) Favorite success quote or mantra: "Win your morning, win your day." In this episode with Jack Piper we will discuss: Ego and pride Cleanliness as a server FOH Constructive criticism Upselling Selling food products online Today's sponsor: This episode is brought to  you by Plate IQ, your Accounts Payable Automation and Expense Management solution. PateIQ works with 20,000 restaurants across the country. Plate IQ uses OCR "Optical Character Recognition" and Deep Machine Learning to eliminate manual data entry from the AP process. Automate the full life cycle of your invoices from General Ledger coding to bill payment via PlateIQ's VendorPay network. With PlateIQ's VendorPay you can seamless flow from invoice upload to paying your bills. You can earn cashback on invoices from over 180,000 vendors. With Plate IQ Vender Pay, you can see what is due when. Schedule payment by check/ACH/or Plate IQ Card. Lastly, VendorPay is also FOR Vendors. Keeping your vendors happy will give you leverage in negotiating your terms. Vendors participating in Plate IQ's VendorPay network LOVE it because it shortens Day Sales Outstanding by 25% - AKA: Vendors get paid 25% faster. To learn more head to plateIQ.com/unstoppable to get at least 25% off implementation. Fluctuating food prices. Staffing challenges- Now more than ever you need to control costs to remain profitable. MarginEdge is a restaurant management software that lets you see your food and labor costs in real time. By automating your invoice processing and totally digitizing your back office, MarginEdge saves your team hours on paperwork and gives you instant insights to manage your prime costs. Try MarginEdge free for 30 days. No contract. No setup fee. Learn more at marginedge.com/unstoppable   Diageo Bar Academy equips bartenders, servers, managers, and hospitality professionals with the insights, stories, and tools to be better - raising the bar on industry standards. Diageo Bar Academy reaches a diverse audience, with backgrounds and skill levels of all ranges- providing them with skills, knowledge, and the techniques they need to improve their personal and professional lives. Knowledge bombs Which "it factor" habit, trait, or characteristic you believe most contributes to your success? Exceeding expectations What is your biggest weakness? Overthinking What's one question you ask or thing you look for during an interview? Honesty What's a current challenge? How are you dealing with it? Time management Share one code of conduct or behavior you teach your team. You're entitled to nothing All decisions are made in the best interest for the guest What is one uncommon standard of service you teach your staff? Create a joint, not a scene What's one book we must read to become a better person or restaurant owner? Setting The Table by Danny Meyer GET THIS BOOK FOR FREE AT AUDIBLE.COM  What's one piece of technology you've adopted within your restaurant walls and how has it influence operations? Toast POS Name one service you've hired. Goldbelly If you got the news that you'd be leaving this world tomorrow and all memories of you, your work, and your restaurants would be lost with your departure with the exception of 3 pieces of wisdom you could leave behind for the good of humanity, what would they be? You're not entitled to anything, you must earn it Exceed expectations Win your morning Contact info: Instagram: @jimmyjacksribshack Email: jack@jimmyjacksribshack.com Thanks for listening! Thanks so much for joining today! Have some feedback you'd like to share? Leave a note in the comment section below! If you enjoyed this episode, please share it using the social media buttons you see at the top of the post. Also, please leave an honest review for the Restaurant Unstoppable Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. And finally, don't forget to subscribe to the show on iTunes to get automatic updates. Huge thanks to Jack Piper for joining me for another awesome episode. Until next time!

With excitement, allow me to introduce to you today's guest, David Dressler. David began his hospitality career at age 6, working in a family-run hotel in the Adirondacks. After graduating from the Ecole Hôtelière, David built a career in luxury hospitality with Four Seasons hotels. Combining his professional experience with his personal style, he shaped and scaled Tender Greens' distinctive heart-centered culture. After leading as Tender Greens President and Chief People Officer, David founded Quiet Advisory where he holistically coaches and advises purpose-driven entrepreneurs. He is married to Randi and they have two amazing kids. Check out Ten Year Plan: How the Founders of Tender Greens Sacled Their Heart-Centered Brand by David Dressler and Erik Oberholtzer as mentioned in today's episode! Check out episode 882 with David Dressler as mentioned in today's episode. Check out episode 887 with Erik Oberholtzer as mentioned in today's episode. Today's feature affiliate: Bentobox. In need of a restaurant website? Click this link to find out why so many of my guests use Bentobox! Show notes… Calls to ACTION!!! Join Restaurant Unstoppable Network and get your first 30 days on me!  Connect with my past guest and a community of superfans. Subscribe to the Restaurant Unstoppable YouTube Channel Join the private Unstoppable Facebook Group Join the email list! (Scroll Down to get the Vendor List!) Favorite success quote or mantra: "When you are lost, go back to where you came from." In this episode with David Dressler we will discuss: What is a purpose-driven organization? The importance of fiscal responsibility Conscious capitalism The Tender Greens purpose Today's sponsor: This episode is brought to  you by Plate IQ, your Accounts Payable Automation and Expense Management solution. PateIQ works with 20,000 restaurants across the country. Plate IQ uses OCR "Optical Character Recognition" and Deep Machine Learning to eliminate manual data entry from the AP process. Automate the full life cycle of your invoices from General Ledger coding to bill payment via PlateIQ's VendorPay network. With PlateIQ's VendorPay you can seamless flow from invoice upload to paying your bills. You can earn cashback on invoices from over 180,000 vendors. With Plate IQ Vender Pay, you can see what is due when. Schedule payment by check/ACH/or Plate IQ Card. Lastly, VendorPay is also FOR Vendors. Keeping your vendors happy will give you leverage in negotiating your terms. Vendors participating in Plate IQ's VendorPay network LOVE it because it shortens Day Sales Outstanding by 25% - AKA: Vendors get paid 25% faster. To learn more head to plateIQ.com/unstoppable to get at least 25% off implementation. Fluctuating food prices. Staffing challenges- Now more than ever you need to control costs to remain profitable. MarginEdge is a restaurant management software that lets you see your food and labor costs in real time. By automating your invoice processing and totally digitizing your back office, MarginEdge saves your team hours on paperwork and gives you instant insights to manage your prime costs. Try MarginEdge free for 30 days. No contract. No setup fee. Learn more at marginedge.com/unstoppable Over 20,000 restaurants trust ChowNow (chownow.com/unstoppable) for their online ordering. With ChowNow, you'll take control of your online presence, connect with more local diners, and keep your hard-earned profits. Join the free ChowNow Marketplace to reach new customers without commissions. Want to go big? Put your restaurant in the spotlight with ChowNow Direct—a full suite of branded ordering and marketing tools, including your own app! For a limited time, Restaurant Unstoppable listeners save 30% on a ChowNow Direct annual plan. Contact info: Quiet Advisory website: quietadvisory.com Thanks for listening! Thanks so much for joining today! Have some feedback you'd like to share? Leave a note in the comment section below! If you enjoyed this episode, please share it using the social media buttons you see at the top of the post. Also, please leave an honest review for the Restaurant Unstoppable Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. And finally, don't forget to subscribe to the show on iTunes to get automatic updates. Huge thanks to David Dressler for joining me for another awesome episode. Until next time! Restaurant Unstoppable is a free podcast. One of the ways I'm able to make it free is by earning a commission when sharing certain products with you. I've made it a core value to only share tools, resources, and services my guest mentors have recommend, first. If you're finding value in my podcast, please use my links!

Born and raised in North Kingstown, Kevin got his feet wet in hospitality early on. Starting as a cabana boy at Bonnet Shores Beach Club at just 15, he then worked at a variety of mom and pop spots throughout high school, gaining experience from dishwasher to pizza cook. It wasn't until he graduated, however, that he truly stepped into the restaurant industry. Under the mentorship of Chef Walter Slater at Junction Pizzeria in Wickford, Kevin truly fell in love with cooking and the undeniable adrenaline of the kitchen. While there, Kevin was inspired to enroll in Johnson & Wales' Continuing Education program which afforded him the chance to intern in Italy – an exciting opportunity to connect with his heritage and explore its cuisine. After four months, he returned home where he met his next mentor – and now-collaborator/Giusto General Manager – Aaron Edwards, and joined him at his new restaurant, Trattoria del Corso, as Chef de Cuisine. Here, Kevin's love for Italian food blossomed, but after a year was pulled back to Italy. For two and a half years, Kevin fully immersed himself in Italian culture and cuisine under Chef Lorenzo Polegri at Ristorante Zeppelin in Orvieto. It's here that he first experienced the creativity of freestyle, non-traditional Italian cooking, and Kevin credits this time and Polegri's tutelage with inspiring him to think outside the box while inside the kitchen. Back in the States, Kevin cooked at the famed Castle Hill Inn in Newport and then the Michelin-starred Del Posto in New York City. Opportunity again came knocking, and he headed back across the pond, this time to Paris. As Executive Chef, Kevin opened L'Office, a tiny bistro that garnered rave reviews and recognition both locally and internationally for its melding of French and Italian cuisine. In 2012, Kevin joined forces with the owners of The Salty Pig in Boston and developed its pasta program. Three years later, the team collaborated on a brand new restaurant concept, and in June 2016 opened SRV with co-chef Michael Lombardi. The Venetian-style Bacaro and wine bar was an immediate success, earning a 4-star review from Boston magazine, James Beard Award nomination, and continued critical acclaim since. Now, Kevin returns home with his high school sweetheart, Sarah, and young son to open his first independent restaurant concept in Newport. Giusto is a labor of love where familiar flavors come together in creative ways for a fun dining experience. Check out episode 269 with Kevin O'Donnell as mentioned in today's episode. Check out episode 861 with David Helbraun as mentioned in today's episode. Today's feature affiliate: Bentobox. In need of a restaurant website? Click this link to find out why so many of my guests use Bentobox! Show notes… Calls to ACTION!!! Join Restaurant Unstoppable Network and get your first 30 days on me!  Connect with my past guest and a community of superfans. Subscribe to the Restaurant Unstoppable YouTube Channel Join the private Unstoppable Facebook Group Join the email list! (Scroll Down to get the Vendor List!) Favorite success quote or mantra: "Keep moving and looking ahead. Don't be afraid to evolve." In this episode with Kevin O'Donnell we will discuss: Educating staff Milling your own flour Partnerships Communication Lease negotiation Opening a restaurant within a hotel Today's sponsor: This episode is brought to  you by Plate IQ, your Accounts Payable Automation and Expense Management solution. PateIQ works with 20,000 restaurants across the country. Plate IQ uses OCR "Optical Character Recognition" and Deep Machine Learning to eliminate manual data entry from the AP process. Automate the full life cycle of your invoices from General Ledger coding to bill payment via PlateIQ's VendorPay network. With PlateIQ's VendorPay you can seamless flow from invoice upload to paying your bills. You can earn cashback on invoices from over 180,000 vendors. With Plate IQ Vender Pay, you can see what is due when. Schedule payment by check/ACH/or Plate IQ Card. Lastly, VendorPay is also FOR Vendors. Keeping your vendors happy will give you leverage in negotiating your terms. Vendors participating in Plate IQ's VendorPay network LOVE it because it shortens Day Sales Outstanding by 25% - AKA: Vendors get paid 25% faster. To learn more head to plateIQ.com/unstoppable to get at least 25% off implementation. Fluctuating food prices. Staffing challenges- Now more than ever you need to control costs to remain profitable. MarginEdge is a restaurant management software that lets you see your food and labor costs in real time. By automating your invoice processing and totally digitizing your back office, MarginEdge saves your team hours on paperwork and gives you instant insights to manage your prime costs. Try MarginEdge free for 30 days. No contract. No setup fee. Learn more at marginedge.com/unstoppable Over 20,000 restaurants trust ChowNow (chownow.com/unstoppable) for their online ordering. With ChowNow, you'll take control of your online presence, connect with more local diners, and keep your hard-earned profits. Join the free ChowNow Marketplace to reach new customers without commissions. Want to go big? Put your restaurant in the spotlight with ChowNow Direct—a full suite of branded ordering and marketing tools, including your own app! For a limited time, Restaurant Unstoppable listeners save 30% on a ChowNow Direct annual plan. Contact info: Instagram: @giustonewport Website: giustonewport.com Thanks for listening! Thanks so much for joining today! Have some feedback you'd like to share? Leave a note in the comment section below! If you enjoyed this episode, please share it using the social media buttons you see at the top of the post. Also, please leave an honest review for the Restaurant Unstoppable Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. And finally, don't forget to subscribe to the show on iTunes to get automatic updates. Huge thanks to Kevin O'Donnell for joining me for another awesome episode. Until next time!

With excitement allow me to introduce to you today's guest, the Founder, and CEO of Flyfish Club, David Rodolitz. David's entrepreneurial drive in the hospitality industry started at an early age. In 2003, he founded Impulse Productions, a premier Event-Planning company that works with some of the largest Fortune 100 & 500 companies around the world. David is a founding partner of the Empellon Restaurant Group, which he operated and built alongside Chef Alex Stupak from 2011 -2019. During this time, he opened multiple concepts, including a 3-star NYTimes, 7,500 sq ft flagship in midtown, NYC. During the pandemic, David started kicking ideas around with friends Gary Vaynerchuk, Josh Capon, and Conor Hanlon to start Flyfish Club (FFC), the world's first member's only private dining club where membership is purchased on the blockchain as a Non-Fungible-Token (NFT) and owned by the token-holder to gain access to our restaurant and various culinary, cultural and social experiences. Today's feature affiliate: Bentobox. In need of a restaurant website? Click this link to find out why so many of my guests use Bentobox! Show notes… Calls to ACTION!!! Join Restaurant Unstoppable Network and get your first 30 days on me!  Connect with my past guest and a community of superfans. Subscribe to the Restaurant Unstoppable YouTube Channel Join the private Unstoppable Facebook Group Join the email list! (Scroll Down to get the Vendor List!) Favorite success quote or mantra: "I never dreamed of success; I worked for it. In this episode with David Rodolitz we will discuss: Membership models New business models Modernizing and monetizing restaurant models NFT's Today's sponsor: This episode is brought to  you by Plate IQ, your Accounts Payable Automation and Expense Management solution. PateIQ works with 20,000 restaurants across the country. Plate IQ uses OCR "Optical Character Recognition" and Deep Machine Learning to eliminate manual data entry from the AP process. Automate the full life cycle of your invoices from General Ledger coding to bill payment via PlateIQ's VendorPay network. With PlateIQ's VendorPay you can seamless flow from invoice upload to paying your bills. You can earn cashback on invoices from over 180,000 vendors. With Plate IQ Vender Pay, you can see what is due when. Schedule payment by check/ACH/or Plate IQ Card. Lastly, VendorPay is also FOR Vendors. Keeping your vendors happy will give you leverage in negotiating your terms. Vendors participating in Plate IQ's VendorPay network LOVE it because it shortens Day Sales Outstanding by 25% - AKA: Vendors get paid 25% faster. To learn more head to plateIQ.com/unstoppable to get at least 25% off implementation. Fluctuating food prices. Staffing challenges- Now more than ever you need to control costs to remain profitable. MarginEdge is a restaurant management software that lets you see your food and labor costs in real time. By automating your invoice processing and totally digitizing your back office, MarginEdge saves your team hours on paperwork and gives you instant insights to manage your prime costs. Try MarginEdge free for 30 days. No contract. No setup fee. Learn more at marginedge.com/unstoppable   Diageo Bar Academy equips bartenders, servers, managers, and hospitality professionals with the insights, stories, and tools to be better - raising the bar on industry standards. Diageo Bar Academy reaches a diverse audience, with backgrounds and skill levels of all ranges- providing them with skills, knowledge, and the techniques they need to improve their personal and professional lives. Contact info: Website: flyfishclub.com Instagram: Flyfish: @flyfish David: @rodolitz Thanks for listening! Thanks so much for joining today! Have some feedback you'd like to share? Leave a note in the comment section below! If you enjoyed this episode, please share it using the social media buttons you see at the top of the post. Also, please leave an honest review for the Restaurant Unstoppable Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. And finally, don't forget to subscribe to the show on iTunes to get automatic updates. Huge thanks to David Rodolitz for joining me for another awesome episode. Until next time! Restaurant Unstoppable is a free podcast. One of the ways I'm able to make it free is by earning a commission when sharing certain products with you. I've made it a core value to only share tools, resources, and services my guest mentors have recommend, first. If you're finding value in my podcast, please use my links!

With excitement allow me to introduce to you today's guest, the Founder of the McHenry Group, Michael McHenry. From selling his first self-built business at the age of 19, Michael has made one thing clear – “a good business only scales or sells.” Over the past decade, this 39-year-old industry disruptor has built a world-class team and honed skills in all aspects of experiential brand and concept creation, culture building and high-performance operations from start-up to multi-million-dollar enterprises. Michael's dedication to “Championing others to their Fullest Potential” is evident having created more than 2500 jobs, 7 viable brands and opening more than 65 restaurants, Michael has a gift for influencing others and creating one of a kind brands. National award-winning concepts under TMG'S crest have changed the course of the restaurant industry. Today's feature affiliate: Bentobox. In need of a restaurant website? Click this link to find out why so many of my guests use Bentobox! Show notes… Calls to ACTION!!! Join Restaurant Unstoppable Network and get your first 30 days on me!  Connect with my past guest and a community of superfans. Subscribe to the Restaurant Unstoppable YouTube Channel Join the private Unstoppable Facebook Group Join the email list! (Scroll Down to get the Vendor List!) Favorite success quote or mantra: "Championing others to their fullest potential." "I understand what it takes to win, and it's hard." "70% right, 110% sure." In this episode with Michael McHenry we will discuss: Starting as an entrepreneur at 10 years old Branding Metrics Anthropology Being a leader Today's sponsor: This episode is brought to  you by Plate IQ, your Accounts Payable Automation and Expense Management solution. PateIQ works with 20,000 restaurants across the country. Plate IQ uses OCR "Optical Character Recognition" and Deep Machine Learning to eliminate manual data entry from the AP process. Automate the full life cycle of your invoices from General Ledger coding to bill payment via PlateIQ's VendorPay network. With PlateIQ's VendorPay you can seamless flow from invoice upload to paying your bills. You can earn cashback on invoices from over 180,000 vendors. With Plate IQ Vender Pay, you can see what is due when. Schedule payment by check/ACH/or Plate IQ Card. Lastly, VendorPay is also FOR Vendors. Keeping your vendors happy will give you leverage in negotiating your terms. Vendors participating in Plate IQ's VendorPay network LOVE it because it shortens Day Sales Outstanding by 25% - AKA: Vendors get paid 25% faster. To learn more head to plateIQ.com/unstoppable to get at least 25% off implementation. Fluctuating food prices. Staffing challenges- Now more than ever you need to control costs to remain profitable. MarginEdge is a restaurant management software that lets you see your food and labor costs in real time. By automating your invoice processing and totally digitizing your back office, MarginEdge saves your team hours on paperwork and gives you instant insights to manage your prime costs. Try MarginEdge free for 30 days. No contract. No setup fee. Learn more at marginedge.com/unstoppable Over 20,000 restaurants trust ChowNow (chownow.com/unstoppable) for their online ordering. With ChowNow, you'll take control of your online presence, connect with more local diners, and keep your hard-earned profits. Join the free ChowNow Marketplace to reach new customers without commissions. Want to go big? Put your restaurant in the spotlight with ChowNow Direct—a full suite of branded ordering and marketing tools, including your own app! For a limited time, Restaurant Unstoppable listeners save 30% on a ChowNow Direct annual plan. Knowledge bombs Which "it factor" habit, trait, or characteristic you believe most contributes to your success? Never give up What is your biggest weakness? I care too much What's one question you ask or thing you look for during an interview? Can you go all in? What's a current challenge? How are you dealing with it? Removing the romantics of the business Share one code of conduct or behavior you teach your team. Never lie, never steal What is one uncommon standard of service you teach your staff? Be the best part of someone else's day What's one book we must read to become a better person or restaurant owner? Setting the Table by Danny Meyer Winning by Tim S. Grover GET THIS BOOK FOR FREE AT AUDIBLE.COM  What is something restaurateurs don't do well enough or often enough? Take care of their people What's one piece of technology you've adopted within your restaurant walls and how has it influence operations? Toast POS Name one service you've hired. Brand builder If you got the news that you'd be leaving this world tomorrow and all memories of you, your work, and your restaurants would be lost with your departure with the exception of 3 pieces of wisdom you could leave behind for the good of humanity, what would they be? The greatest investment is one you make in others Make sure your heart is bigger than your balls Leave the world better than you found it Contact info: Instagram: @michaelmchenry McHenry Group website: themchenrygroup.com Thanks for listening! Thanks so much for joining today! Have some feedback you'd like to share? Leave a note in the comment section below! If you enjoyed this episode, please share it using the social media buttons you see at the top of the post. Also, please leave an honest review for the Restaurant Unstoppable Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. And finally, don't forget to subscribe to the show on iTunes to get automatic updates. Huge thanks to Michael McHenry for joining me for another awesome episode. Until next time! Restaurant Unstoppable is a free podcast. One of the ways I'm able to make it free is by earning a commission when sharing certain products with you. I've made it a core value to only share tools, resources, and services my guest mentors have recommend, first. If you're finding value in my podcast, please use my links!

Jake Brewer is the Chief Strategy Officer of Miso Robotics where he oversees products, innovation, and marketing. He brings leadership, operations and product development experience from the restaurant and food service industry. Prior to Miso, Jake was VP of Restaurant Excellence at CKE Restaurants, the parent company for Carl's Jr. and Hardee's restaurants, where he led multiple functions including restaurant innovation, engineering, ops commercialization/analytics, and field training. Prior to CKE, Jake led teams at Kroger and Yum! Brands in corporate and field operation roles. He has a degree from Purdue University in Industrial Engineering. Today's feature affiliate: Bentobox. In need of a restaurant website? Click this link to find out why so many of my guests use Bentobox! Show notes… Calls to ACTION!!! Join Restaurant Unstoppable Network and get your first 30 days on me!  Connect with my past guest and a community of superfans. Subscribe to the Restaurant Unstoppable YouTube Channel Join the private Unstoppable Facebook Group Join the email list! (Scroll Down to get the Vendor List!) Favorite success quote or mantra: "Be replaceable as quickly as possible." Today's sponsor: This episode is brought to  you by Plate IQ, your Accounts Payable Automation and Expense Management solution. PateIQ works with 20,000 restaurants across the country. Plate IQ uses OCR "Optical Character Recognition" and Deep Machine Learning to eliminate manual data entry from the AP process. Automate the full life cycle of your invoices from General Ledger coding to bill payment via PlateIQ's VendorPay network. With PlateIQ's VendorPay you can seamless flow from invoice upload to paying your bills. You can earn cashback on invoices from over 180,000 vendors. With Plate IQ Vender Pay, you can see what is due when. Schedule payment by check/ACH/or Plate IQ Card. Lastly, VendorPay is also FOR Vendors. Keeping your vendors happy will give you leverage in negotiating your terms. Vendors participating in Plate IQ's VendorPay network LOVE it because it shortens Day Sales Outstanding by 25% - AKA: Vendors get paid 25% faster. To learn more head to plateIQ.com/unstoppable to get at least 25% off implementation. Fluctuating food prices. Staffing challenges- Now more than ever you need to control costs to remain profitable. MarginEdge is a restaurant management software that lets you see your food and labor costs in real time. By automating your invoice processing and totally digitizing your back office, MarginEdge saves your team hours on paperwork and gives you instant insights to manage your prime costs. Try MarginEdge free for 30 days. No contract. No setup fee. Learn more at marginedge.com/unstoppable Over 20,000 restaurants trust ChowNow (chownow.com/unstoppable) for their online ordering. With ChowNow, you'll take control of your online presence, connect with more local diners, and keep your hard-earned profits. Join the free ChowNow Marketplace to reach new customers without commissions. Want to go big? Put your restaurant in the spotlight with ChowNow Direct—a full suite of branded ordering and marketing tools, including your own app! For a limited time, Restaurant Unstoppable listeners save 30% on a ChowNow Direct annual plan. Contact info: Miso Robotics website: https://misorobotics.com Thanks for listening! Thanks so much for joining today! Have some feedback you'd like to share? Leave a note in the comment section below! If you enjoyed this episode, please share it using the social media buttons you see at the top of the post. Also, please leave an honest review for the Restaurant Unstoppable Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. And finally, don't forget to subscribe to the show on iTunes to get automatic updates. Huge thanks to Jake Brewer for joining me for another awesome episode. Until next time! Restaurant Unstoppable is a free podcast. One of the ways I'm able to make it free is by earning a commission when sharing certain products with you. I've made it a core value to only share tools, resources, and services my guest mentors have recommend, first. If you're finding value in my podcast, please use my links!

With excitement allow me to introduce to your today's guest, Director of Hospitality and Managing Partner at Rossoblu, Hans Lüttmann. Hans has over 20 years of experience working in fine-dining restaurants with the majority of his career taking place in Los Angeles. His breadth of experience includes a year with Providence, Los Angeles, CA, as captain. Three years with Hatfields Restaurant in West Hollywood, CA, as Server/Sommelier and eventually as Director of Hospitality for an additional four years before joining the Rossoblu team. Hans is proof that if you treat it like you own it, eventually you will. check out Traction by Gino Wickman as mentioned in today's episode. Today's feature affiliate: Bentobox. In need of a restaurant website? Click this link to find out why so many of my guests use Bentobox! Show notes… Calls to ACTION!!! Join Restaurant Unstoppable Network and get your first 30 days on me!  Connect with my past guest and a community of superfans. Subscribe to the Restaurant Unstoppable YouTube Channel Join the private Unstoppable Facebook Group Join the email list! (Scroll Down to get the Vendor List!) Favorite success quote or mantra: "Let's take of the restaurant, take care of one another, then let's take care of the guest." In this episode with Hans Lüttman we will discuss: What is the definition of a server? Lessons taken from working at LucasFilm Arrogance Partnerships Coaching Sobriety Leadership Core values Mental health in the industry Meditation Today's sponsor: This episode is brought to  you by Plate IQ, your Accounts Payable Automation and Expense Management solution. PateIQ works with 20,000 restaurants across the country. Plate IQ uses OCR "Optical Character Recognition" and Deep Machine Learning to eliminate manual data entry from the AP process. Automate the full life cycle of your invoices from General Ledger coding to bill payment via PlateIQ's VendorPay network. With PlateIQ's VendorPay you can seamless flow from invoice upload to paying your bills. You can earn cashback on invoices from over 180,000 vendors. With Plate IQ Vender Pay, you can see what is due when. Schedule payment by check/ACH/or Plate IQ Card. Lastly, VendorPay is also FOR Vendors. Keeping your vendors happy will give you leverage in negotiating your terms. Vendors participating in Plate IQ's VendorPay network LOVE it because it shortens Day Sales Outstanding by 25% - AKA: Vendors get paid 25% faster. To learn more head to plateIQ.com/unstoppable to get at least 25% off implementation. Fluctuating food prices. Staffing challenges- Now more than ever you need to control costs to remain profitable. MarginEdge is a restaurant management software that lets you see your food and labor costs in real time. By automating your invoice processing and totally digitizing your back office, MarginEdge saves your team hours on paperwork and gives you instant insights to manage your prime costs. Try MarginEdge free for 30 days. No contract. No setup fee. Learn more at marginedge.com/unstoppable Over 20,000 restaurants trust ChowNow (chownow.com/unstoppable) for their online ordering. With ChowNow, you'll take control of your online presence, connect with more local diners, and keep your hard-earned profits. Join the free ChowNow Marketplace to reach new customers without commissions. Want to go big? Put your restaurant in the spotlight with ChowNow Direct—a full suite of branded ordering and marketing tools, including your own app! For a limited time, Restaurant Unstoppable listeners save 30% on a ChowNow Direct annual plan. Knowledge bombs Which "it factor" habit, trait, or characteristic you believe most contributes to your success? Perseverance What is your biggest weakness? Too much detail What's one question you ask or thing you look for during an interview? What do people misinterpret about you? What's a current challenge? How are you dealing with it? Time Share one code of conduct or behavior you teach your team. Passionate What is one uncommon standard of service you teach your staff? Guests need to be guided What's one book we must read to become a better person or restaurant owner? Traction by Gino Wickman GET THIS BOOK FOR FREE AT AUDIBLE.COM  What is something restaurateurs don't do well enough or often enough? Hear and respect their employees What's one piece of technology you've adopted within your restaurant walls and how has it influence operations? Toast POS Name one service you've hired. Facility maintenance If you got the news that you'd be leaving this world tomorrow and all memories of you, your work, and your restaurants would be lost with your departure with the exception of 3 pieces of wisdom you could leave behind for the good of humanity, what would they be? Live in the moment Love hard Trust God Contact info: Rossoblu website Thanks for listening! Thanks so much for joining today! Have some feedback you'd like to share? Leave a note in the comment section below! If you enjoyed this episode, please share it using the social media buttons you see at the top of the post. Also, please leave an honest review for the Restaurant Unstoppable Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. And finally, don't forget to subscribe to the show on iTunes to get automatic updates. Huge thanks to Hans Lüttman for joining me for another awesome episode. Until next time! Restaurant Unstoppable is a free podcast. One of the ways I'm able to make it free is by earning a commission when sharing certain products with you. I've made it a core value to only share tools, resources, and services my guest mentors have recommend, first. If you're finding value in my podcast, please use my links!

Erik Oberholtzer is a graduate of Johnson and Wales University and has worked in some of the best restaurants around the world. Today, he is a social entrepreneur and Co-founder of Tender Greens. Founded in 2006, Tender Greens is a fine casual restaurant that serves healthy, high-quality food at an affordable price, or in other words, slow food, done fast. In this episode, Erik teaches us about: achieving mindfulness through meditation; why it is important you know your why and to be able to communicate it to others; The power of combining partnerships with “knowing your lane”. In 2020 Erik and his partner walked away from Tender Greens to focus on their individual passions. For Erik, that was improving the broken food system. Today Erik creates awareness about biodiversity, regenerative farming and food transparency. Check out episode 277 with Erik Oberholtzer as mentioned in today's episode! Check out episode 882 with David Dressler as mentioned in today's episode! Check out episode 711 with Denyelle Bruno as mentioned in today's episode! Get The Ten Year Plan by Erik Oberholtzer and David Dressler  as mentioned in today's episode! Today's feature affiliate: Bentobox. In need of a restaurant website? Click this link to find out why so many of my guests use Bentobox! Show notes… Calls to ACTION!!! Join Restaurant Unstoppable Network and get your first 30 days on me!  Connect with my past guest and a community of superfans. Subscribe to the Restaurant Unstoppable YouTube Channel Join the private Unstoppable Facebook Group Join the email list! (Scroll Down to get the Vendor List!) Favorite success quote or mantra: "Progress over perfection." In this episode with Erik Oberholtzer we will discuss: Biodiversity Regenerative farming Food transparency Convenience culture Conscious capitalism How can all of this make you more profitable? Today's sponsor: This episode is brought to  you by Plate IQ, your Accounts Payable Automation and Expense Management solution. PateIQ works with 20,000 restaurants across the country. Plate IQ uses OCR "Optical Character Recognition" and Deep Machine Learning to eliminate manual data entry from the AP process. Automate the full life cycle of your invoices from General Ledger coding to bill payment via PlateIQ's VendorPay network. With PlateIQ's VendorPay you can seamless flow from invoice upload to paying your bills. You can earn cashback on invoices from over 180,000 vendors. With Plate IQ Vender Pay, you can see what is due when. Schedule payment by check/ACH/or Plate IQ Card. Lastly, VendorPay is also FOR Vendors. Keeping your vendors happy will give you leverage in negotiating your terms. Vendors participating in Plate IQ's VendorPay network LOVE it because it shortens Day Sales Outstanding by 25% - AKA: Vendors get paid 25% faster. To learn more head to plateIQ.com/unstoppable to get at least 25% off implementation. Fluctuating food prices. Staffing challenges- Now more than ever you need to control costs to remain profitable. MarginEdge is a restaurant management software that lets you see your food and labor costs in real time. By automating your invoice processing and totally digitizing your back office, MarginEdge saves your team hours on paperwork and gives you instant insights to manage your prime costs. Try MarginEdge free for 30 days. No contract. No setup fee. Learn more at marginedge.com/unstoppable   Diageo Bar Academy equips bartenders, servers, managers, and hospitality professionals with the insights, stories, and tools to be better - raising the bar on industry standards. Diageo Bar Academy reaches a diverse audience, with backgrounds and skill levels of all ranges- providing them with skills, knowledge, and the techniques they need to improve their personal and professional lives. Contact info: Email: erik@cohere.nyc Instagram: @erikoberholtzer Thanks for listening! Thanks so much for joining today! Have some feedback you'd like to share? Leave a note in the comment section below! If you enjoyed this episode, please share it using the social media buttons you see at the top of the post. Also, please leave an honest review for the Restaurant Unstoppable Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. And finally, don't forget to subscribe to the show on iTunes to get automatic updates. Huge thanks to Erik Oberholtzer for joining me for another awesome episode. Until next time! Restaurant Unstoppable is a free podcast. One of the ways I'm able to make it free is by earning a commission when sharing certain products with you. I've made it a core value to only share tools, resources, and services my guest mentors have recommend, first. If you're finding value in my podcast, please use my links!

Check out regardingherfood.com as recommended by Dina in today's episode. Today's feature affiliate: Bentobox. In need of a restaurant website? Click this link to find out why so many of my guests use Bentobox! Show notes… Calls to ACTION!!! Join Restaurant Unstoppable Network and get your first 30 days on me!  Connect with my past guest and a community of superfans. Subscribe to the Restaurant Unstoppable YouTube Channel Join the private Unstoppable Facebook Group Join the email list! (Scroll Down to get the Vendor List!) Favorite success quote or mantra: "Take the meeting." In this episode with Pedro Shanahan we will discuss: Learning how to manage people Reaching out to people you know Raising money Dealing with insurance when you have a fire in your restaurant Getting a public adjuster Scaling Empathy vs. compassion Implementing extended training hours for staff to learn while at work Alternative business models for restaurants Today's sponsor: This episode is brought to  you by Plate IQ, your Accounts Payable Automation and Expense Management solution. PateIQ works with 20,000 restaurants across the country. Plate IQ uses OCR "Optical Character Recognition" and Deep Machine Learning to eliminate manual data entry from the AP process. Automate the full life cycle of your invoices from General Ledger coding to bill payment via PlateIQ's VendorPay network. With PlateIQ's VendorPay you can seamless flow from invoice upload to paying your bills. You can earn cashback on invoices from over 180,000 vendors. With Plate IQ Vender Pay, you can see what is due when. Schedule payment by check/ACH/or Plate IQ Card. Lastly, VendorPay is also FOR Vendors. Keeping your vendors happy will give you leverage in negotiating your terms. Vendors participating in Plate IQ's VendorPay network LOVE it because it shortens Day Sales Outstanding by 25% - AKA: Vendors get paid 25% faster. To learn more head to plateIQ.com/unstoppable to get at least 25% off implementation. Fluctuating food prices. Staffing challenges- Now more than ever you need to control costs to remain profitable. MarginEdge is a restaurant management software that lets you see your food and labor costs in real time. By automating your invoice processing and totally digitizing your back office, MarginEdge saves your team hours on paperwork and gives you instant insights to manage your prime costs. Try MarginEdge free for 30 days. No contract. No setup fee. Learn more at marginedge.com/unstoppable Over 20,000 restaurants trust ChowNow (chownow.com/unstoppable) for their online ordering. With ChowNow, you'll take control of your online presence, connect with more local diners, and keep your hard-earned profits. Join the free ChowNow Marketplace to reach new customers without commissions. Want to go big? Put your restaurant in the spotlight with ChowNow Direct—a full suite of branded ordering and marketing tools, including your own app! For a limited time, Restaurant Unstoppable listeners save 30% on a ChowNow Direct annual plan. Knowledge bombs Which "it factor" habit, trait, or characteristic you believe most contributes to your success? Open and flexible What is your biggest weakness? Time management What's one question you ask or thing you look for during an interview? Compassion What's a current challenge? How are you dealing with it? Choosing the right opportunity Share one code of conduct or behavior you teach your team. Compassion What is one uncommon standard of service you teach your staff? Learn one thing new about someone every day What's one book we must read to become a better person or restaurant owner? Kris Plachy's Female Entrepreneurs Podcast GET THIS BOOK FOR FREE AT AUDIBLE.COM  What is something restaurateurs don't do well enough or often enough? Check in with their team What's one piece of technology you've adopted within your restaurant walls and how has it influence operations? Social Media - Peridot Consulting Name one service you've hired. Basecamp - Project Managing Database If you got the news that you'd be leaving this world tomorrow and all memories of you, your work, and your restaurants would be lost with your departure with the exception of 3 pieces of wisdom you could leave behind for the good of humanity, what would they be? Build a community around you Take care of yourself Compassion Contact info: Rossoblu website Superfine Pizza website Thanks for listening! Thanks so much for joining today! Have some feedback you'd like to share? Leave a note in the comment section below! If you enjoyed this episode, please share it using the social media buttons you see at the top of the post. Also, please leave an honest review for the Restaurant Unstoppable Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. And finally, don't forget to subscribe to the show on iTunes to get automatic updates. Huge thanks to Dina Samson for joining me for another awesome episode. Until next time! Restaurant Unstoppable is a free podcast. One of the ways I'm able to make it free is by earning a commission when sharing certain products with you. I've made it a core value to only share tools, resources, and services my guest mentors have recommend, first. If you're finding value in my podcast, please use my links!

With excitement allow me to introduce to you today's guest, Spirit Guide, Growth Support Manager and career Barback at Pouring with Heart, Peter (a.k.a. Pedro) Shanahan. Pedro Shanahan had about 10 years of experience working in bars before joining the team at all Seven Grand Whiskey Bar in Downtown Los Angeles, a Pouring With Heart bar concept. Pedro joined the team as a barback, and even though he excelled and was offered a bartender position he chose to remain in his supportive role. However, he would take his support far beyond the expectation of a typical barback. Pedro took it upon himself to learn all he could about whisky, and he would take this knowledge and share it with his coworkers and patrons, earning him the title of "Spirit Guide". His passion for learning and sharing knowledge about spirits led to Seven Grand's "Whiskey Society" A community for whiskey enthusiasts in LA. This effort led to the formation of the Spirit Society Podcast. On top of this, Pedro spearheaded the Pouring with Heart's Wellness Program, where he encourages other team members to meet around their shared wellness interests. Today, Pedro's focus is on being the Growth Support Manager for Pouring With Heart, where he helps team members achieve their life and career goals through the framing of the Pouring With Heart organization. https://www.youtube.com/watch?v=LpFlGKgWWQM Today's feature affiliate: Bentobox. In need of a restaurant website? Click this link to find out why so many of my guests use Bentobox! Show notes… Calls to ACTION!!! Join Restaurant Unstoppable Network and get your first 30 days on me!  Connect with my past guest and a community of superfans. Subscribe to the Restaurant Unstoppable YouTube Channel Join the private Unstoppable Facebook Group Join the email list! (Scroll Down to get the Vendor List!) Favorite success quote or mantra: "Persistence and energy overcomes all." In this episode with Pedro Shanahan we will discuss: Combating hate with love Failing forward Your culture and defining it The importance of tracking "giveaways" or "promotions" What is "heads up bartending"? Reading body language/alternative forms of communication Scaling culture Today's sponsor: This episode is brought to  you by Plate IQ, your Accounts Payable Automation and Expense Management solution. PateIQ works with 20,000 restaurants across the country. Plate IQ uses OCR "Optical Character Recognition" and Deep Machine Learning to eliminate manual data entry from the AP process. Automate the full life cycle of your invoices from General Ledger coding to bill payment via PlateIQ's VendorPay network. With PlateIQ's VendorPay you can seamless flow from invoice upload to paying your bills. You can earn cashback on invoices from over 180,000 vendors. With Plate IQ Vender Pay, you can see what is due when. Schedule payment by check/ACH/or Plate IQ Card. Lastly, VendorPay is also FOR Vendors. Keeping your vendors happy will give you leverage in negotiating your terms. Vendors participating in Plate IQ's VendorPay network LOVE it because it shortens Day Sales Outstanding by 25% - AKA: Vendors get paid 25% faster. To learn more head to plateIQ.com/unstoppable to get at least 25% off implementation. Fluctuating food prices. Staffing challenges- Now more than ever you need to control costs to remain profitable. MarginEdge is a restaurant management software that lets you see your food and labor costs in real time. By automating your invoice processing and totally digitizing your back office, MarginEdge saves your team hours on paperwork and gives you instant insights to manage your prime costs. Try MarginEdge free for 30 days. No contract. No setup fee. Learn more at marginedge.com/unstoppable Over 20,000 restaurants trust ChowNow (chownow.com/unstoppable) for their online ordering. With ChowNow, you'll take control of your online presence, connect with more local diners, and keep your hard-earned profits. Join the free ChowNow Marketplace to reach new customers without commissions. Want to go big? Put your restaurant in the spotlight with ChowNow Direct—a full suite of branded ordering and marketing tools, including your own app! For a limited time, Restaurant Unstoppable listeners save 30% on a ChowNow Direct annual plan. Contact info: Email: pedro@pouringwithheart.com Instagram: @pouringwithheart Thanks for listening! Thanks so much for joining today! Have some feedback you'd like to share? Leave a note in the comment section below! If you enjoyed this episode, please share it using the social media buttons you see at the top of the post. Also, please leave an honest review for the Restaurant Unstoppable Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. And finally, don't forget to subscribe to the show on iTunes to get automatic updates. Huge thanks to Pedro Shanahan for joining me for another awesome episode. Until next time! Restaurant Unstoppable is a free podcast. One of the ways I'm able to make it free is by earning a commission when sharing certain products with you. I've made it a core value to only share tools, resources, and services my guest mentors have recommend, first. If you're finding value in my podcast, please use my links!

With excitement, allow me to introduce you to today's guest, Co-founder of Kitchen United, CEO of Piestro, Board of Directors member at Miso Robotics, Strategic Board Member of Ghost Kitchen Brands, Equity Partner at KRP and nurish, Massimo Noja De Marco. Because of his constant pursuit for Innovation in the Food Industry, Massimo made the Top Ten in the 2020 NRN Power List of Restaurant Leaders changing the industry at # 7. This year's list focused on technology and innovation, and featured individuals bringing game changing solutions and unrivaled creativity to the biggest issues facing restaurants today. As CEO and Co-Founder of Piestro, a Fully Automated Pizzeria, Massimo is now raising funds for this new revolutionary Company that will deliver a delicious Artisanal Pizza in 3 minutes or less. After launching Kitchen United in 2017, Massimo drove all aspects of design innovations of KU Kitchen Centers. As KU “Idea Man” Massimo's goal became to design and deliver a perfect workspace for Virtual restaurants. With a keen eye for Innovation and Technology, Massimo sits on the Board of Miso Robotics, has a stake in Bowlton Robotics where he runs Development and advises for OrderMark, Babylon Micro Farms, and Nurish. Automation, Robotics, AI, and Facial Recognition are some of Massimo's priorities. Prior to launching Kitchen United, Massimo owned and operated PH+E, a boutique consulting firm focusing on opening restaurants, hotels and bars across the US, Mexico and Europe. He served as Vice President of Operations for SBE Entertainment, controlling all operational aspects for the Restaurants and Nightlife division. Previously he covered the same role at Wolfgang Puck Catering and Events, overseeing operations for all venues in S. California, including major events and awards shows, such as the Academy Awards. Formerly, Massimo owned and operated restaurants in NYC and Los Angeles and ran the Food and Beverage Department for The Ritz Carlton Marina Del Rey and Hillcrest Country Club in Beverly Hills. Massimo was raised in a seven-generation family in Hospitality in the Lake District outside of Milan, Italy. For three years he ran the family business composed of boutique hotels and restaurants in Italy. Today's feature affiliate: Bentobox. In need of a restaurant website? Click this link to find out why so many of my guests use Bentobox! Show notes… Calls to ACTION!!! Join Restaurant Unstoppable Network and get your first 30 days on me!  Connect with my past guest and a community of superfans. Subscribe to the Restaurant Unstoppable YouTube Channel Join the private Unstoppable Facebook Group Join the email list! (Scroll Down to get the Vendor List!) Favorite success quote or mantra: "Here's to all the mad ones." In this episode with Massimo Noja De Marco we will discuss: What is Italian hospitality? FOH best practices and true hospitality Correcting systems and profitability Creating the most efficient dine-in/take-out kitchen Creating the first "ghost kitchen" in the US How to attract investors The economics of implementing robotics in your kitchen The future of robotics in the commercial kitchen Today's sponsor: This episode is brought to  you by Plate IQ, your Accounts Payable Automation and Expense Management solution. PateIQ works with 20,000 restaurants across the country. Plate IQ uses OCR "Optical Character Recognition" and Deep Machine Learning to eliminate manual data entry from the AP process. Automate the full life cycle of your invoices from General Ledger coding to bill payment via PlateIQ's VendorPay network. With PlateIQ's VendorPay you can seamless flow from invoice upload to paying your bills. You can earn cashback on invoices from over 180,000 vendors. With Plate IQ Vender Pay, you can see what is due when. Schedule payment by check/ACH/or Plate IQ Card. Lastly, VendorPay is also FOR Vendors. Keeping your vendors happy will give you leverage in negotiating your terms. Vendors participating in Plate IQ's VendorPay network LOVE it because it shortens Day Sales Outstanding by 25% - AKA: Vendors get paid 25% faster. To learn more head to plateIQ.com/unstoppable to get at least 25% off implementation. Fluctuating food prices. Staffing challenges- Now more than ever you need to control costs to remain profitable. MarginEdge is a restaurant management software that lets you see your food and labor costs in real time. By automating your invoice processing and totally digitizing your back office, MarginEdge saves your team hours on paperwork and gives you instant insights to manage your prime costs. Try MarginEdge free for 30 days. No contract. No setup fee. Learn more at marginedge.com/unstoppable   Diageo Bar Academy equips bartenders, servers, managers, and hospitality professionals with the insights, stories, and tools to be better - raising the bar on industry standards. Diageo Bar Academy reaches a diverse audience, with backgrounds and skill levels of all ranges- providing them with skills, knowledge, and the techniques they need to improve their personal and professional lives. Contact info: Connect with Massimo on Linked-In Thanks for listening! Thanks so much for joining today! Have some feedback you'd like to share? Leave a note in the comment section below! If you enjoyed this episode, please share it using the social media buttons you see at the top of the post. Also, please leave an honest review for the Restaurant Unstoppable Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. And finally, don't forget to subscribe to the show on iTunes to get automatic updates. Huge thanks to Massimo Noja De Marco for joining me for another awesome episode. Until next time! Restaurant Unstoppable is a free podcast. One of the ways I'm able to make it free is by earning a commission when sharing certain products with you. I've made it a core value to only share tools, resources, and services my guest mentors have recommend, first. If you're finding value in my podcast, please use my links!

With excitement, allow me to introduce to you today's guest, author, journalists, and historian, Christine Sismondo. Christine Sismondo is the author of America Walks Into A Bar: A Spirited History of Taverns, Speakeasies and Grog Shops I discovered Christine's book while reading Pouring With Heart by Cedd Moses In this book, Christine points out the significant role the hospitality industry played in forming society as we know it today. I believe our industry still holds this transformative power and that's what I hope to explore in this conversation. Today's feature affiliate: Bentobox. In need of a restaurant website? Click this link to find out why so many of my guests use Bentobox! Show notes… Calls to ACTION!!! Join Restaurant Unstoppable Network and get your first 30 days on me!  Connect with my past guest and a community of superfans. Subscribe to the Restaurant Unstoppable YouTube Channel Join the private Unstoppable Facebook Group Join the email list! (Scroll Down to get the Vendor List!) Favorite success quote or mantra: "No matter what your problem is, no matter how hard you think it will be to solve it, just go to a bar and someone will help you solve it." In this episode with Christine Sismondo we will discuss: The history of taverns/bars Taverns/bars as an early place for Americans to gather Political influence in bars Social influence in the hospitality/bar industry History and reasons for Prohibition Today's sponsor: This episode is brought to  you by Plate IQ, your Accounts Payable Automation and Expense Management solution. PateIQ works with 20,000 restaurants across the country. Plate IQ uses OCR "Optical Character Recognition" and Deep Machine Learning to eliminate manual data entry from the AP process. Automate the full life cycle of your invoices from General Ledger coding to bill payment via PlateIQ's VendorPay network. With PlateIQ's VendorPay you can seamless flow from invoice upload to paying your bills. You can earn cashback on invoices from over 180,000 vendors. With Plate IQ Vender Pay, you can see what is due when. Schedule payment by check/ACH/or Plate IQ Card. Lastly, VendorPay is also FOR Vendors. Keeping your vendors happy will give you leverage in negotiating your terms. Vendors participating in Plate IQ's VendorPay network LOVE it because it shortens Day Sales Outstanding by 25% - AKA: Vendors get paid 25% faster. To learn more head to plateIQ.com/unstoppable to get at least 25% off implementation. Fluctuating food prices. Staffing challenges- Now more than ever you need to control costs to remain profitable. MarginEdge is a restaurant management software that lets you see your food and labor costs in real time. By automating your invoice processing and totally digitizing your back office, MarginEdge saves your team hours on paperwork and gives you instant insights to manage your prime costs. Try MarginEdge free for 30 days. No contract. No setup fee. Learn more at marginedge.com/unstoppable   Diageo Bar Academy equips bartenders, servers, managers, and hospitality professionals with the insights, stories, and tools to be better - raising the bar on industry standards. Diageo Bar Academy reaches a diverse audience, with backgrounds and skill levels of all ranges- providing them with skills, knowledge, and the techniques they need to improve their personal and professional lives. Contact info: America Walks Into A Bar: A Spirited History of Taverns, Speakeasies and Grog Shops Go to Christine's website: christinesismondo.com Thanks for listening! Thanks so much for joining today! Have some feedback you'd like to share? Leave a note in the comment section below! If you enjoyed this episode, please share it using the social media buttons you see at the top of the post. Also, please leave an honest review for the Restaurant Unstoppable Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. And finally, don't forget to subscribe to the show on iTunes to get automatic updates. Huge thanks to Christine Sismondo for joining me for another awesome episode. Until next time!   Restaurant Unstoppable is a free podcast. One of the ways I'm able to make it free is by earning a commission when sharing certain products with you. I've made it a core value to only share tools, resources, and services my guest mentors have recommend, first. If you're finding value in my podcast, please use my links!

With excitement allow me to introduce to you todays guest, David Dressler. David began his hospitality career at age 6, working in a family-run hotel in the Adirondacks. After graduating from the Ecole Hôtelière, David built a career in luxury hospitality with Four Seasons hotels. Combining his professional experience with his personal style, he shaped and scaled Tender Greens' distinctive heart-centered culture. After leading as Tender Greens President and Chief People Officer, David founded Quiet Advisory where he holistically coaches and advises purpose-driven entrepreneurs, executives, and their teams. He is married to Randi and they have two amazing kids. Get David's book, The Ten Year Plan right here. Show notes… Calls to ACTION!!! Join Restaurant Unstoppable Network and get your first 30 days on me!  Connect with my past guest and a community of superfans. Subscribe to the Restaurant Unstoppable YouTube Channel Join the private Unstoppable Facebook Group Join the email list! (Scroll Down to get the Vendor List!) Favorite success quote or mantra: Happier at work is happier at home and happier at home is happier at work. In this episode with David Dressler we will discuss: Hospitality abroad vs. in America Systematization and documentation Leadership Partnerships and why they fail or succeed Scaling Recovering from a failing restaurant Lessons learned from a partnership with Danny Meyer Transferring to coaching Today's sponsor: This episode is brought to  you by Plate IQ, your Accounts Payable Automation and Expense Management solution. PateIQ works with 20,000 restaurants across the country. Plate IQ uses OCR "Optical Character Recognition" and Deep Machine Learning to eliminate manual data entry from the AP process. Automate the full life cycle of your invoices from General Ledger coding to bill payment via PlateIQ's VendorPay network. With PlateIQ's VendorPay you can seamless flow from invoice upload to paying your bills. You can earn cashback on invoices from over 180,000 vendors. With Plate IQ Vender Pay, you can see what is due when. Schedule payment by check/ACH/or Plate IQ Card. Lastly, VendorPay is also FOR Vendors. Keeping your vendors happy will give you leverage in negotiating your terms. Vendors participating in Plate IQ's VendorPay network LOVE it because it shortens Day Sales Outstanding by 25% - AKA: Vendors get paid 25% faster. To learn more head to plateIQ.com/unstoppable to get at least 25% off implementation. Through the combination of innovative bar and restaurant inventory management software and highly-skilled inventory management experts, Sculpture Hospitality uses drilled-in reporting functionalities to find opportunities in your inventory management processes where you can drive real profit growth. Are you interested in learning more about how you can use data to improve your restaurant or bar's profitability? Get in touch with Sculpture Hospitality today. Diageo Bar Academy equips bartenders, servers, managers, and hospitality professionals with the insights, stories, and tools to be better - raising the bar on industry standards. Diageo Bar Academy reaches a diverse audience, with backgrounds and skill levels of all ranges- providing them with skills, knowledge, and the techniques they need to improve their personal and professional lives. Knowledge bombs Which "it factor" habit, trait, or characteristic you believe most contributes to your success? Stay in your heart What is your biggest weakness? Judgement What's one question you ask or thing you look for during an interview? Tell me a story about you doing something great What's a current challenge? How are you dealing with it? Balance Share one code of conduct or behavior you teach your team. The golden rule What is one uncommon standard of service you teach your staff? See when you look, hear when you listen What's one book we must read to become a better person or restaurant owner? The Ten Year Plan GET THIS BOOK FOR FREE AT AUDIBLE.COM  What is something restaurateurs don't do well enough or often enough? Take care of themselves What's one piece of technology you've adopted within your restaurant walls and how has it influence operations? Positive Intelligence Name one service you've hired. PR/branding - Christina Wong If you got the news that you'd be leaving this world tomorrow and all memories of you, your work, and your restaurants would be lost with your departure with the exception of 3 pieces of wisdom you could leave behind for the good of humanity, what would they be? Hug everybody that you love as much as possible Talk through things because communication can resolve anything Have fun because life is short Contact info: Quiet Advisory website: quietadvisory.com Socials: @davidtdressler Learn more about the book: tenyearplan.co Thanks for listening! Thanks so much for joining today! Have some feedback you'd like to share? Leave a note in the comment section below! If you enjoyed this episode, please share it using the social media buttons you see at the top of the post. Also, please leave an honest review for the Restaurant Unstoppable Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. And finally, don't forget to subscribe to the show on iTunes to get automatic updates. Huge thanks to David Dressler for joining me for another awesome episode. Until next time! Restaurant Unstoppable is a free podcast. One of the ways I'm able to make it free is by earning a commission when sharing certain products with you. I've made it a core value to only share tools, resources, and services my guest mentors have recommend, first. If you're finding value in my podcast, please use my links!

With Excitement, allow me to introduce to you today's guest, Chief vision Officer at Pouring With Heart, Cedd Moses. Prior to starting Pouring With Heart, Moses was busy creating financial algorithms that made rich people richer. In addition, he opened Liquid Kitty which he sold to purchase the Golden Gopher, the first of Pouring With Heart's bars. Today, Pouring With Heart is a hospitality company that operates twenty-five bars, historic restaurants, and beer halls across Los Angeles, San Diego, Austin, and Denver. Moses and his team of pioneers garnered national recognition for their part in revitalizing downtown LA circa 2002. Today, you can find their bars growing across the country, with Moses also spearheading the For Each Other Fund, a charity that supports Pouring With Heart Bar Staff in Need. Check out episode 877 with Cedd Moses as mentioned in today's episode! Get Pouring With Heart: The Essential Magic Behind the Bartenders We Love by Cedd Moses Today's feature affiliate: Bentobox. In need of a restaurant website? Click this link to find out why so many of my guests use Bentobox! Show notes… Calls to ACTION!!! Join Restaurant Unstoppable Network and get your first 30 days on me!  Connect with my past guest and a community of superfans. Subscribe to the Restaurant Unstoppable YouTube Channel Join the private Unstoppable Facebook Group Join the email list! (Scroll Down to get the Vendor List!) Favorite success quote or mantra: "The mission is to build 2030 careers by 2030." In this lecture with Cedd Moses we will discuss: What does it mean to "pour with heart" The importance of vulnerability Scripted service loses heart Promote based on values, not seniority What is the significance of a bar back OR a bartender What is the cultural and historical meaning of bars in the USA Today's sponsor: This episode is brought to  you by Plate IQ, your Accounts Payable Automation and Expense Management solution. PateIQ works with 20,000 restaurants across the country. Plate IQ uses OCR "Optical Character Recognition" and Deep Machine Learning to eliminate manual data entry from the AP process. Automate the full life cycle of your invoices from General Ledger coding to bill payment via PlateIQ's VendorPay network. With PlateIQ's VendorPay you can seamless flow from invoice upload to paying your bills. You can earn cashback on invoices from over 180,000 vendors. With Plate IQ Vender Pay, you can see what is due when. Schedule payment by check/ACH/or Plate IQ Card. Lastly, VendorPay is also FOR Vendors. Keeping your vendors happy will give you leverage in negotiating your terms. Vendors participating in Plate IQ's VendorPay network LOVE it because it shortens Day Sales Outstanding by 25% - AKA: Vendors get paid 25% faster. To learn more head to plateIQ.com/unstoppable to get at least 25% off implementation. Through the combination of innovative bar and restaurant inventory management software and highly-skilled inventory management experts, Sculpture Hospitality uses drilled-in reporting functionalities to find opportunities in your inventory management processes where you can drive real profit growth. Are you interested in learning more about how you can use data to improve your restaurant or bar's profitability? Get in touch with Sculpture Hospitality today. Over 20,000 restaurants trust ChowNow (chownow.com/unstoppable) for their online ordering. With ChowNow, you'll take control of your online presence, connect with more local diners, and keep your hard-earned profits. Join the free ChowNow Marketplace to reach new customers without commissions. Want to go big? Put your restaurant in the spotlight with ChowNow Direct—a full suite of branded ordering and marketing tools, including your own app! For a limited time, Restaurant Unstoppable listeners save 30% on a ChowNow Direct annual plan.   Contact info: Get Pouring With Heart by Cedd Moses right here Website: pouringwithheart.com Thanks for listening! Thanks so much for joining today! Have some feedback you'd like to share? Leave a note in the comment section below! If you enjoyed this episode, please share it using the social media buttons you see at the top of the post. Also, please leave an honest review for the Restaurant Unstoppable Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. And finally, don't forget to subscribe to the show on iTunes to get automatic updates. Huge thanks to Cedd Moses for joining me for another awesome episode. Until next time!

With Excitement allow me to introduce to you today's guest, the Owner of Guerrilla Tacos, Tiago Coffee Bar & Kitchen, Gogo's Tacos, and Guerrilla Cafecito. Valles got her start at Coffee Roasters where she met Bill Chait and was recruited to work at Petty Cash Taqueria. During this time, Valles was studying law and started a bookkeeping business, where she'd help fellow business people. It was also during this time that she met Chef Wes Avila, who she partnered with to open Guerrilla Taco's brick and mortar location. Today's feature affiliate: Bentobox. In need of a restaurant website? Click this link to find out why so many of my guests use Bentobox! Show notes… Calls to ACTION!!! Join Restaurant Unstoppable Network and get your first 30 days on me!  Connect with my past guest and a community of superfans. Subscribe to the Restaurant Unstoppable YouTube Channel Join the private Unstoppable Facebook Group Join the email list! (Scroll Down to get the Vendor List!) Favorite success quote or mantra: "Fake it til you make it." In this episode with Brittney Valles we will discuss: The importance of self-teaching through technology Self-awareness Non-monetary benefits to experiences Kitchen layout Employee-manager relations Punishment vs accountability Today's sponsor: This episode is brought to  you by Plate IQ, your Accounts Payable Automation and Expense Management solution. PateIQ works with 20,000 restaurants across the country. Plate IQ uses OCR "Optical Character Recognition" and Deep Machine Learning to eliminate manual data entry from the AP process. Automate the full life cycle of your invoices from General Ledger coding to bill payment via PlateIQ's VendorPay network. With PlateIQ's VendorPay you can seamless flow from invoice upload to paying your bills. You can earn cashback on invoices from over 180,000 vendors. With Plate IQ Vender Pay, you can see what is due when. Schedule payment by check/ACH/or Plate IQ Card. Lastly, VendorPay is also FOR Vendors. Keeping your vendors happy will give you leverage in negotiating your terms. Vendors participating in Plate IQ's VendorPay network LOVE it because it shortens Day Sales Outstanding by 25% - AKA: Vendors get paid 25% faster. To learn more head to plateIQ.com/unstoppable to get at least 25% off implementation. Through the combination of innovative bar and restaurant inventory management software and highly-skilled inventory management experts, Sculpture Hospitality uses drilled-in reporting functionalities to find opportunities in your inventory management processes where you can drive real profit growth. Are you interested in learning more about how you can use data to improve your restaurant or bar's profitability? Get in touch with Sculpture Hospitality today. Diageo Bar Academy equips bartenders, servers, managers, and hospitality professionals with the insights, stories, and tools to be better - raising the bar on industry standards. Diageo Bar Academy reaches a diverse audience, with backgrounds and skill levels of all ranges- providing them with skills, knowledge, and the techniques they need to improve their personal and professional lives. Knowledge bombs Which "it factor" habit, trait, or characteristic you believe most contributes to your success? Just go for it What is your biggest weakness? Cocky/ego What's one question you ask or thing you look for during an interview? Flexibility What's a current challenge? How are you dealing with it? growing up while owning a restaurant Share one code of conduct or behavior you teach your team. Having grace What is one uncommon standard of service you teach your staff? teach staff to be individuals What's one book we must read to become a better person or restaurant owner? The New One Minute Manager by Ken Blanchard and Spencer Johnson GET THIS BOOK FOR FREE AT AUDIBLE.COM  What is something restaurateurs don't do well enough or often enough? Advocate/proactive What's one piece of technology you've adopted within your restaurant walls and how has it influence operations? Slack Name one service you've hired. Accounting - Stanley Price CPA If you got the news that you'd be leaving this world tomorrow and all memories of you, your work, and your restaurants would be lost with your departure with the exception of 3 pieces of wisdom you could leave behind for the good of humanity, what would they be? Have grace Exercise Just because you get a lot of it for cheap, doesn't mean it's good Contact info: Emails: brittney@guerillatacos.com Instagram: @brittneyvalles Thanks for listening! Thanks so much for joining today! Have some feedback you'd like to share? Leave a note in the comment section below! If you enjoyed this episode, please share it using the social media buttons you see at the top of the post. Also, please leave an honest review for the Restaurant Unstoppable Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. And finally, don't forget to subscribe to the show on iTunes to get automatic updates. Huge thanks to Brittney Valles for joining me for another awesome episode. Until next time!   Restaurant Unstoppable is a free podcast. One of the ways I'm able to make it free is by earning a commission when sharing certain products with you. I've made it a core value to only share tools, resources, and services my guest mentors have recommend, first. If you're finding value in my podcast, please use my links!

With excitement allow me to introduce you to today's guest, Founder and CEO of Kiwi Restaurant Partners and nurish, Troy Hooper. With 30 years of hospitality management in luxury and casual dining, Troy brings a breadth of knowledge and diverse experience to KRP. Troy has built new concepts, redesigned and rebranded existing restaurants and hotels, and improved upon well-established venues throughout the U.S. for iconic brands such as Hilton Corporate properties, Sheraton, TPC Golf Clubs, as well as luxury Caribbean resorts, and exclusive private memberships clubs. A business and operations specialist, Troy has a proven track record of aggressive top and bottom-line growth while attracting and training top talent and creating robust cultures that deliver world-class service. Check out episode 760 with Nick Sarillo about creating paths for tangible growth in your restaurant, as mentioned in today's episode. Listen to episode 437 with David Scott Peters on menu engineering as mentioned in today's episode! Listen to episode 840: Trademarks 101 with David Lizerbram as mentioned in today's episode! Listen to episode 675 or episode 765 with Shawn Walchef as mentioned in today's episode! Listen to episode 769 with Kyle Inserra on Real Estate, Scaling, Partners, and Equity as mentioned in today's episode! Listen to episode 771 with Kyle Inserra about Profit First and Partnership Agreements as mentioned in today's episode! Tools recommended in today's lecture include: Meez Yelli Wisetail RestaurantOwner.com Phenium Today's feature affiliate: Bentobox. In need of a restaurant website? Click this link to find out why so many of my guests use Bentobox! Show notes… Calls to ACTION!!! Join Restaurant Unstoppable Network and get your first 30 days on me!  Connect with my past guest and a community of superfans. Subscribe to the Restaurant Unstoppable YouTube Channel Join the private Unstoppable Facebook Group Join the email list! (Scroll Down to get the Vendor List!) Favorite success quote or mantra: "First seek to understand, then seek to be understood." In this lecture with Troy Hooper we will discuss: These are the 6 areas we will cover today: Onboarding Systematization Financials Supple chain Marketing First build/next location Today's sponsor: This episode is brought to  you by Plate IQ, your Accounts Payable Automation and Expense Management solution. PateIQ works with 20,000 restaurants across the country. Plate IQ uses OCR "Optical Character Recognition" and Deep Machine Learning to eliminate manual data entry from the AP process. Automate the full life cycle of your invoices from General Ledger coding to bill payment via PlateIQ's VendorPay network. With PlateIQ's VendorPay you can seamless flow from invoice upload to paying your bills. You can earn cashback on invoices from over 180,000 vendors. With Plate IQ Vender Pay, you can see what is due when. Schedule payment by check/ACH/or Plate IQ Card. Lastly, VendorPay is also FOR Vendors. Keeping your vendors happy will give you leverage in negotiating your terms. Vendors participating in Plate IQ's VendorPay network LOVE it because it shortens Day Sales Outstanding by 25% - AKA: Vendors get paid 25% faster. To learn more head to plateIQ.com/unstoppable to get at least 25% off implementation.   Through the combination of innovative bar and restaurant inventory management software and highly-skilled inventory management experts, Sculpture Hospitality uses drilled-in reporting functionalities to find opportunities in your inventory management processes where you can drive real profit growth. Are you interested in learning more about how you can use data to improve your restaurant or bar's profitability? Get in touch with Sculpture Hospitality today.   Diageo Bar Academy equips bartenders, servers, managers, and hospitality professionals with the insights, stories, and tools to be better - raising the bar on industry standards. Diageo Bar Academy reaches a diverse audience, with backgrounds and skill levels of all ranges- providing them with skills, knowledge, and the techniques they need to improve their personal and professional lives. Contact info: Website: krpusa.com Email: troy@krpusa.com Thanks for listening! Thanks so much for joining today! Have some feedback you'd like to share? Leave a note in the comment section below! If you enjoyed this episode, please share it using the social media buttons you see at the top of the post. Also, please leave an honest review for the Restaurant Unstoppable Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. And finally, don't forget to subscribe to the show on iTunes to get automatic updates. Huge thanks to Troy Hooper for joining me for another awesome episode. Until next time!   Restaurant Unstoppable is a free podcast. One of the ways I'm able to make it free is by earning a commission when sharing certain products with you. I've made it a core value to only share tools, resources, and services my guest mentors have recommend, first. If you're finding value in my podcast, please use my links!

With excitement allow me to introduce to you today's guest Former Chief Culinary Officer and EVP Kitchen Operations at the Cheesecake Factory and Current Partner at DOM Food Group, Donald Moore. Donald found a passion for cooking and the kitchen early on in his life because of the parallels he found between teamwork in the kitchen and on the soccer field. After college, he worked in kitchens all around the country before joining the Cheese Cafe Factory in 2001 as a kitchen manager. He quickly rose through the ranks and by 2010 he was the Chief Culinary Officer for the entire organization. In 2020 Donald left the Cheesecake factory to form DOM Food Group. a Los Angeles-based venture studio that incubates, invests in, operates, and consults the leading scalable food businesses of the future. Check out The Checklist Manifesto: How To Get Things Right by Atul Gawande as highly recommended in today's episode by both Eric and Donald. Donald says this is the best book for multi-unit leadership: Multi-Unit Leadership: The 7 Stages of Building Profitable Stores Across Multiple Markets by Jim Sullivan Today's feature affiliate: Bentobox. In need of a restaurant website? Click this link to find out why so many of my guests use Bentobox! Show notes… Calls to ACTION!!! Join Restaurant Unstoppable Network and get your first 30 days on me!  Connect with my past guest and a community of superfans. Subscribe to the Restaurant Unstoppable YouTube Channel Join the private Unstoppable Facebook Group Join the email list! (Scroll Down to get the Vendor List!) Favorite success quote or mantra: What you do in the dark puts you in the light." In this episode with Donald Moore we will discuss: Early key mentors Go out, travel, get new experiences High standards What Donald Moore learned at Cheesecake Factory Working as a kitchen manager Importance of checklists Multi-unit leadership You have to demonstrate your values Specific recognition to staff is key Today's sponsor: This episode is brought to  you by Plate IQ, your Accounts Payable Automation and Expense Management solution. PateIQ works with 20,000 restaurants across the country. Plate IQ uses OCR "Optical Character Recognition" and Deep Machine Learning to eliminate manual data entry from the AP process. Automate the full life cycle of your invoices from General Ledger coding to bill payment via PlateIQ's VendorPay network. With PlateIQ's VendorPay you can seamless flow from invoice upload to paying your bills. You can earn cashback on invoices from over 180,000 vendors. With Plate IQ Vender Pay, you can see what is due when. Schedule payment by check/ACH/or Plate IQ Card. Lastly, VendorPay is also FOR Vendors. Keeping your vendors happy will give you leverage in negotiating your terms. Vendors participating in Plate IQ's VendorPay network LOVE it because it shortens Day Sales Outstanding by 25% - AKA: Vendors get paid 25% faster. To learn more head to plateIQ.com/unstoppable to get at least 25% off implementation.   Through the combination of innovative bar and restaurant inventory management software and highly-skilled inventory management experts, Sculpture Hospitality uses drilled-in reporting functionalities to find opportunities in your inventory management processes where you can drive real profit growth. Are you interested in learning more about how you can use data to improve your restaurant or bar's profitability? Get in touch with Sculpture Hospitality today.   Over 20,000 restaurants trust ChowNow (chownow.com/unstoppable) for their online ordering. With ChowNow, you'll take control of your online presence, connect with more local diners, and keep your hard-earned profits. Join the free ChowNow Marketplace to reach new customers without commissions. Want to go big? Put your restaurant in the spotlight with ChowNow Direct—a full suite of branded ordering and marketing tools, including your own app! For a limited time, Restaurant Unstoppable listeners save 30% on a ChowNow Direct annual plan. Knowledge bombs Which "it factor" habit, trait, or characteristic you believe most contributes to your success? Constantly hunting or talent What is your biggest weakness? Can't shut it off, mind is always racing What's one question you ask or thing you look for during an interview? Write the job description of what they want to do 100% of the time What's a current challenge? How are you dealing with it? Be hard on standards and easy on people Share one code of conduct or behavior you teach your team. Prioritization What is one uncommon standard of service you teach your staff? Let people swing at you? Hear people out What's one book we must read to become a better person or restaurant owner? The Four Disciplines of Execution (multiple authors) Hungry by Jeff Gordinier Shoe Dog by Phil Knight GET THIS BOOK FOR FREE AT AUDIBLE.COM  What is something restaurateurs don't do well enough or often enough? Collaborate What's one piece of technology you've adopted within your restaurant walls and how has it influence operations? Hyphen for kitchen robotics Curb Mobility for efficient curbside pickups and delivery routing Acelerate helping mom and pop restaurants be more profitable Name one service you've hired. Have conversations with the people who are providing your business with services If you got the news that you'd be leaving this world tomorrow and all memories of you, your work, and your restaurants would be lost with your departure with the exception of 3 pieces of wisdom you could leave behind for the good of humanity, what would they be? Hard on standards, soft on people Gratitude Tune in before you turn on Contact info: Email: donald@domfoodgroup.com Thanks for listening! Thanks so much for joining today! Have some feedback you'd like to share? Leave a note in the comment section below! If you enjoyed this episode, please share it using the social media buttons you see at the top of the post. Also, please leave an honest review for the Restaurant Unstoppable Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. And finally, don't forget to subscribe to the show on iTunes to get automatic updates. Huge thanks to Donald Moore for joining me for another awesome episode. Until next time!   Restaurant Unstoppable is a free podcast. One of the ways I'm able to make it free is by earning a commission when sharing certain products with you. I've made it a core value to only share tools, resources, and services my guest mentors have recommend, first. If you're finding value in my podcast, please use my links!

In episode 11, we talk to Certified Public Accountant, Jenara Noel. The discussion revolves around ins and outs of charter school audits to make sure your school is prepared and you stay out of the hot seat. Our conversation covers the importance of audits, what they are and what they aren't. We discuss the significance of having the right people in place and we go over the more common issues that may come up in the process. We also talk about important timelines and what you should be thinking about ahead of time. Jenara s a Certified Public Accountant with Veris CPA and brings over 15 years of accounting experience with 6 of those years in charter school fiscal management. Her responsibilities include providing real-time outsourced accounting and General Ledger to charter schools as well as for-profit and non-profit entities. Jenara has an extensive background in client accounting, financial reporting, data mining, and accounting software migrations, as well as providing assistance with management decisions and maintaining client relationships.Connect with Jenara:Veris CPAConnect With SC Charter Chatter:Follow the SC Charter Chatter Podcast for free.Email the show at podcast@sccharterchatter.orgFacebook: https://www.facebook.com/SCCharterSchoolsTwitter: https://twitter.com/SCCharterSchool

 In this instalment of our From the helm series, Bell Direct's Jessica Amir speaks to Cirralto's (ASX:CRO) MD and CEO, Adrian Floate.  Micro-cap company, Cirralto has been making waves amid the world's shift to a cash free society, and with partnerships with companies like Xero and MYOB, it's a company that's worth keeping an eye on.    In this video Adrian discusses: (0:34) CRO's diverse product offering: the four key pillars(2:16) Triple digit growth and key catalysts for shareholders(3:33) New partnerships on the horizon(4:05) Where CRO will be in three years' time 

Are you taking the time to review your financial statements each month?  Do you understand what your financial statements are telling you about your business?  Most people will look at their Balance Sheet and Income Statement when they review their financial statements, but today I am going to talk about another report that you should be looking at on at least a monthly basis as well.  This report is your General Ledger Detail Report.  If you are using QuickBooks, Xero, Wave, FreshBooks or another computerized software system for your bookkeeping, you can quickly generate this report and make reviewing it part of your monthly financial statement review.  In this episode, I am going over what this report tells you as well as why you should review it to ensure your financial statements are correct.  If you do your bookkeeping manually or you use an Excel spreadsheet, I'll also be giving some tips on what you can do to review this same type of information so that you can feel good about your financial information.  Whether you are just getting ready to start your small business, you're a solopreneur, entrepreneur, small business owner, virtual online bookkeeper or virtual assistant reviewing your General Ledger Detail Report will give you the confidence that your financial statements are accurate, and you can rely on them to make sound business decisions throughout the year.  Listen in and make sure you add reviewing this report to your bookkeeping tasks each month.  It doesn't take a lot of time to review, and you might be surprised at how easy it is to spot and fix bookkeeping mistakes… Get the full details and sign up for the Money, Faith and Business virtual event here: www.FinancialAdventure.com/Resources Fill out the Contact Us form if you have a question or need help with your bookkeeping: www.FinancialAdventure.com/Contact-Us Grab Your FREE guide:  5 Essential Strategies For Stress-Free Bookkeeping: www.FinancialAdventure.com/5Essentials Register For My 4 Step Framework For Creating A Profitable Bookkeeping Business (Or Improve Your Existing Bookkeeping Business) Masterclass Here: www.FinancialAdventure.com/MasterClassRegistration Your FREE Online Virtual Bookkeeping Business Starter Guide & Success Path is waiting for you: www.FinancialAdventure.com/StarterGuide Sign up for a quick chat to see if starting a Virtual Online Bookkeeping Business is right for you: www.FinancialAdventure.com/Discovery Join Our Facebook Community:  www.Facebook.com/Groups/WomenBusinessOwnersUltimateDIYBookkeepingBoutique Are you a bookkeeper looking to start, grow or scale your bookkeeping business?  Join our FREE bookkeeper community here: www.FinancialAdventure.com/BookkeeperCommunity QuickBooks Online - Save 50% Your First 3 Months: www.FinancialAdventure.com/QuickBooks Show Notes:  www.FinancialAdventure.com This podcast is sponsored by Financial Adventure, LLC ~ visit www.FinancialAdventure.com for additional information and free resources.

In this Podcast today, I will discuss the company Paycor! Listen to the podcast for details! --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/thressa-sweat/support

In today's podcast, you'll hear a replay of the live Q&A session from the Brewery Financial Training Program.The Brewery Financial Training Program is for craft brewery owners, managers and staff who need practical financial training to improve cash flow and profitability. The Course includes 40+ lessons delivered across 6 modules, with a total of 8 hours of instruction, 6 graded quizzes and a final exam. Watch a short video to learn more.Key topics covered:Best practices for your brewery Chart of Accounts & General LedgerHow to create brewery Financial Statements & ReportsRoutines and Month-end financial process to ensure your brewery numbers are complete and accurateLearn more about the Brewery Financial Training Program!

In today's podcast, you'll hear a replay of the live Q&A session from the Beer Wholesaler Financial Training Program.  In the episode, we cover best practices you can follow to create your beer wholesaler financial statements.The Beer Wholesaler Financial Training Program is for beer wholesaler owners, managers and staff who need practical financial training to improve cash flow and profitability.The Course includes 40+ lessons delivered across 5 modules, with a total of 8 hours of instruction, 5 graded quizzes and a final exam. Watch a short video to learn more.Key topics covered:Best practices for your wholesaler Chart of Accounts & General LedgerHow to create beer wholesaler Financial Statements & ReportsRoutines and Month-end financial process to ensure your numbers are complete and accurateLearn more about the Beer Wholesaler Financial Training Program!

Last week Bitcoin crossed $58,000 per coin. This extremely volatile digital currency has been becoming increasingly popular and getting more media attention than ever. Despite the scrutiny that comes with popularity, the technologies and concepts involved in Bitcoin are fascinating. We dedicated this episode to diving deep into what cryptocurrencies are, how they work, and whether they could be good investments. Stay tuned until the end of the episode, where Grant explains what you should keep in mind if you have plans to get involved in Bitcoin. [01:16] Interest in Bitcoin – How the interest in Bitcoin increased over the recent years and how being radically open-minded to new opportunities can be beneficial to a financial professional. [04:42] Decentralized Currency – How the blockchain technology paved the way to creating digital currencies that aren’t controlled by any central bank. [07:53] How Cryptocurrency Works – Grant dives into how computers and complex mathematical operations are combined to create Bitcoin. [13:33] General Ledger - The way Bitcoin transactions are recorded is built around a fascinating concept called the “General Ledger.” Grant explains how this process works. [15:51] Benefits of Cryptocurrency – How cryptocurrencies and blockchain technology solve some of the problems we have with traditional currencies and some of the qualities of cryptocurrencies that make them attractive. [25:44] Arguments Against Bitcoin – Disadvantages, limitations of and possible risks of using Bitcoin and other cryptocurrencies. [32:49] Gold, Dollars and Bitcoin – How the US dollars were once linked to gold reserves, why people weren’t allowed to have large amounts of gold until 1971, and how this story relates to cryptocurrencies. [36:35] Taxation – IRS has already taken measures to apply tax to cryptocurrencies by treating them as assets. Grant reviews how this affects the usability of Bitcoin and other cryptocurrencies. [39:32] Does Bitcoin Belong in My Portfolio? – Grant shares his take on whether it’s a good idea to have cryptocurrencies in your portfolio and what you should be concerned about if you’re considering buying Bitcoin.   Resources: IRS - Frequently Asked Questions on Virtual Currency Transactions: www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-virtual-currency-transactions

You're listening to the Westerly Sun's podcast, where we talk about the best local events, new job postings, obituaries, and more. First, a bit of Rhode Island trivia. Today's trivia is brought to you by Perennial. Perennial's new plant-based drink “Daily Gut & Brain” is a blend of easily digestible nutrients crafted for gut and brain health. A convenient mini-meal, Daily Gut & Brain” is available now at the CVS Pharmacy in Wakefield. Now for some trivia. Did you know that the Quonset hut was invented at Quonset Point? They're lightweight prefabricated structures made of corrugated galvanized steel with a semi cylindrical cross-section. Based on the Nissen hut introduced by the British during World War I, hundreds of thousands were produced during World War II and the military surplus was sold to the public. Now, here are a few events today that we're looking forward to. Today at 10am, Join the Clark Memorial Library for a virtual story hour with Miss Chamoni. You'll need to register your kids ahead of time. To learn more and sign up, head over to clarklib.org/calendar. And today at 5:30pm, join the Stonington Free Library for a virtual discussion of The Island of Sea Women by Lisa See. It's an Amazon Editor's pick and what the Christian Science Monitor called “a beautifully written, sublime piece of fiction”. Pre-registration is required for this event. For more information and to register, send an email to ivyhope@stoningtonfreelibrary.org or head over to stoningtonfreelibrary.org for more info. Looking for a new role? We're here to help. Today's Job posting comes from Sound Design in Montville, CT. They're looking for full-time and part-time landscapers. Most work is plant related with planting, mulching, stone, trimming and weeding. Extensive xxperience is preferred. Pay starts at $15 per hour. If you'd like to learn more or apply, you can do so by using the link in our episode description.  https://www.indeed.com/l-Westerly,-RI-jobs.html?advn=3241986032515510&vjk=85fc52d1d4106409 Today we're remembering the life of Ruth Cullen, affectionately known as "Sis". Ruth grew up in West Haven, Connecticut. She was a 1957 graduate of West Haven High School. Her distinguished 40-year financial career in banking began in high-school when she worked part- time at Union Trust Company in New Haven. During her tenure, a time of bank acquisitions, her positions included Vice-President of Financial Control, Vice-President of Commercial Loans and General Ledger. She was respectfully and affectionately referred to as "Ma" by the numerous officers and staff who reported to her as she was known for her nurturing leadership style.  She retired in 1995 as Vice-President and Assistant Comptroller for Wells Fargo Bank. A truly wonderful woman, about whom many would remark, "If you knew her, you loved her." Ruth's greatest love was her devoted husband, Ed, and their family. Together they shared a love of travel and embarked on numerous trips to Europe, "Sis" gathering many friends along the way. She would knit clothing for gifts as opposed to buying them, cook from old recipe books. She enjoyed gardening and entertaining as a gracious hostess. Thank you for taking a moment today to remember and celebrate Ruth's life. That's it for today, we'll be back next time with more! Also, remember to check out our sponsor Perennial, Daily Gut & Brain, available at the CVS on Main St. in Wakefield! See omnystudio.com/listener for privacy information.

When looking at finances, it is so easy to get bogged down in the details and look at our lives in segments. We keep our savings separate from our checking account which is separate from our mortgage, but this actually prevents you from seeing your finances and financial plan holistically. Ultimately, this keeps you from getting ahead.In this podcast, I talk about the benefit of considering your finances like a business's general ledger and how to plan ahead for greater efficiency.Listen to this podcast and don't forget to subscribe on Apple Podcasts, Google Podcasts, Spotify and Stitcher.To learn more, book a consultation at tkdale.com

Colby and I discuss his experience moving from a Financial Analyst role into a Workday Financials consultant. He talks about his experience supporting multiple ME projects working on General Ledger, FDM, and other Financials modules. I hope you enjoy the conversation and thanks for listening!

We’ve heard the phrase that it’s a small world or a global economy, well for Peter this is more than just a phrase, it’s an opportunity to help everyone understand and appreciate the accounting model and he is ready to make it happen.  Not only is he a world traveler but he has also created an accounting course that is fun and interactive which is used in schools around the world as well as fortune 500 companies to train management. Listen as Peter and Roger discuss the evolution of this process and how it applies to the accounting profession.  Also see what you can do to apply these skills to better work with your clients to help them use the information they receive from you to make better business decisions.   Your Host: Roger Knecht, president of Universal Accounting Center Our Guest: Peter Frampton Peter Frampton chairs the board of Color Accounting International. He is passionate about supporting people to improve their accounting literacy - which is the foundation of the Accounting, Finance & Business trinity. The privately owned company and social enterprise is the publisher of a breakthrough learning technology that makes understanding accounting easy. At the heart of the technology is a diagram called the BaSIS Framework™. The graphic shows finance and accounting on a single page. The Framework does for accounting what the Macintosh did for computers: it makes the subject intuitive and easy for anyone to understand and use. Peter is the co-author of two published Color Accounting books. He is on the adjunct faculty of American University in Washington DC, where he teaches in the School of International Service. Peter and Color Accounting have worked with names you’ll likely recognize, such as Morgan Stanley, Goldman Sachs, Westinghouse, Caterpillar, SHRM, ASTD, Harvard Business School, Wharton, Georgetown University, Maryland Association of CPAs, the SEC, dozens of the top-100 US and British law firms, and with numerous entrepreneurs and incubators, as well as hundreds of accounting teachers and professors in high schools and universities. Color Accounting International works with Partners to deliver training in over 40 countries. Sponsors: Universal Accounting Center Helping accounting professionals confidently and competently offer quality accounting services to get paid what they are worth.   Color Accounting International What they do: Finance and business acumen workshops for non-financial people using a breakthrough graphical system. The Mission: People are empowered to make wise decisions, collaborate effectively and amplify value – a financially conscious world. Color Accounting International is a publishing company, a licensing company and education provider.  They've developed and distribute the Color Accounting® learning system. They work with a network of accredited Partners and different languages around the world. They are a social enterprise, with a dual social-impact and commercial motive.  They advocate accounting as a fundamental form of literacy, like Reading, Writing and Arithmetic. Accounting literacy has the power to improve lives, corporations, not-for-profit organizations and governments. The Color Accounting Network includes: Sales Partners, who provide educational workshops for their corporate clients Corporate Educators, who are accredited by us to facilitate events run for corporate clients Academic Educators, who teach accounting in educational environments such as schools and universities.   Offers: Get a FREE copy of each of two book all accounting professionals should use to offer trusted strategic advisory services and get paid what they are worth.  These are must have additions to every accountants library to provide the value clients look for today: “in the BLACK, nine principles to make your business profitable” – e-book “Red to BLACK in 30 days – A small business accountant’s guide to QUICK turnarounds” – the how-to-guide e-book for accounting professionals Enroll in Color Accounting – experience the accounting module in a new interactive way.  Learn how accounting works in business and how to easily discuss it in layman’s terms, avoiding the confusion common with debits and credits. Accounting Comes Alive - “Accounting Comes Alive has the advantage of showing how accounting works visually. As such, I believe that it is of value to anyone who is interested in understanding accounting, from high school students to undergrads to MBAs to business executives." – Professor Paul Healy, Harvard Business School Get your BaSIS poster - BaSIS? It's an acronym of Balance Sheet and Income Statement. In a nutshell it provides a top-down single-page graphical view of accounting. Its unique layout has the debit and credit accounts grouped by 'sides' and then color-coded. Once the students learn how the framework works, it becomes a powerful tool for 'pointability' - the ability for the teacher, or the student, to simply point at the model to emphasize a question or make a point, for example: "Is it here (pointing to assets) or here (pointing to expenses)?" You can also use it to teach debits and credits, for T-accounts, underpin financial analysis (see the ratios), teach how the general ledger and general journal entries work, provide accounting literacy and much more. It's also been called: ​A teaching and communication tool. A visualizer for accounting. Accounting on a page. Top-down view of a General Ledger. Remember this, Accounting Success IS Universal. Listen to our next episode and be sure to subscribe.   For more information on how you can apply these principles in your business please visit us at www.universalaccountingschool.com or call us at 801.265.3777

Marcia & Bruce discuss the differences of your financial statements.   The Good:  Financial Statements show your company in the best light The Bad: Tax Returns show your company with all of the deductions to reduce taxes The Ugly:  General Ledger is everything that goes on financially in your company These 3 sets of financials should be created by different experts by following different rules Are you curious to learn more?  Book a call with Marcia at http://bit.ly/BellaCall. Get Marcia's new book BIG Profit Secrets-Exposed at http://bit.ly/BigProfitSecrets  

Double-entry accounting system - explained shortly and clearly.

Accenture's Stephen Redmond, Tricia Miller and Lisa Pearson break down the General Ledger Recommendation Model Project, utilizing analytics in SAP Ariba.

Accenture's Stephen Redmond, Tricia Miller and Lisa Pearson break down the General Ledger Recommendation Model Project, utilizing analytics in SAP Ariba.

It seems that many people are confused about where Dynamics 365 Business Central fits into the landscape. Is it an ERP... a CRM... is it for SMB... Midsized...Enterprise? Is it part of the Power Platform? At the risk of annoying my BC Partner friends once again, I will take a stab at it. Origins It would be helpful to know the origins of Dynamics 365 Business Central "BC", to understand how it came to it's current position, and then I'll discuss it's current position. Once upon a time, there was a product called Navision that Microsoft acquired. There is more to that story, but that is all that is relevant here. That product, since shortened to "NAV", is still alive and well and in use by many businesses around the world. Several years ago, Microsoft started their shift of Business Applications to the cloud, following the tremendous success of Office 365 and Azure. The first product to make that move was Dynamics CRM, and at the time it was launched as "Dynamics CRM Online". Dynamics CRM was not the only business application in the stable, it was just the first to go SaaS. Other products included Dynamics GP, Dynamics SL, Dynamics AX and Dynamics NAV, each of which were different flavors of Enterprise Resource Planning or "ERP". Enterprise Resource Planning is a pretty vague term. It could include human resources, supply chain management, sales activities and many more, but all of these activities revolve around a General Ledger in an ERP system. GL, AR and AP are the common denominators for each of these systems... and every business must have these components. All enterprise sized companies have an ERP, and most Midsized businesses do as well. Smaller businesses may have a solution like Xero or Quickbooks, that fills this purpose at a smaller scale for simpler needs. Many Midsized businesses are also using these simpler products... some successfully, and some who have outgrown them and are considering an ERP. Darwin Darwin's Theory of Evolution by Natural Selection was not conceived for software. But similar rules apply. Basically the strongest will survive. What was strong yesterday, may not be strong tomorrow as the environment changes, and when previously strong players do not adapt, they are replaced by new strong players. This was what drove Microsoft to the cloud in the first place... seeing other players adapt, and become leaders. So Microsoft adapted as well, and given their war chest, they were able to adapt very quickly to a SaaS model. But along the way choices had to be made. One of those choices was, which ERP solution(s) would take the SaaS path. Shifting an on-premise product to SaaS is no small feat, and requires a significant investment. Having four on-premise ERP solutions, it was obvious that all four would not go SaaS. Microsoft drew a line across their customer base, dividing Enterprise on one side and everybody else on the other, and decided to pick one ERP for each side that would go SaaS. Why not just pick one? Well, I didn't have a vote, but I wrote about that here. Regardless, Microsoft selected AX for the Enterprise and NAV for... everybody else. It was pretty hard to argue AX as the Enterprise choice, but there was some debate about NAV vs. GP. GP is much bigger in the US, but NAV is actually bigger globally, so that decision made the most sense.... unless you were a GP partner. Cloudification I won't go into the cloud journey for AX, instead I will focus on the journey of NAV... which actually starts with CRM. Several years ago, Microsoft had an idea to create a specific offering for SMB called "Business Edition". It would be a scaled down version of the Enterprise CRM solution, better suited for the needs of Smaller businesses. Shortly into that initiative, the decision was made that this would be the best place to start the SaaS journey for NAV as well, and thus began the project code-named "Madeira". Given the SMB target segment, this was going to be positioned as a Quickbooks/Xero competing product. Understand that this was well before the idea of a "Common Data Service" was even on the future roadmap. BTW, another product that got it's start in the Business Edition effort was Dynamics 365 for Marketing. About a year into the "Business Edition" effort, Microsoft decided that the path they were on, was not going to reach the original goals as intended, and the goals had shifted as well. CRM itself was heading down a path of componentizing its parts, and separation from its platform... this ultimately led to what we now know as the Common Data Service. But what about "Madeira" and Marketing? Dynamics 365 for Marketing continued it's journey as an independent application, no longer bound by the "Business Edition" limitations. And Madeira? Microsoft Launches Business Central! Project Madeira, similarly became unbound from the Business Edition limitations, and was launched as an independent application called Dynamics 365 Business Central. There are a lot of side routes that this took that I won't go into here. Today, Microsoft Dynamics 365 Business Central is one of the fastest growing SaaS Business Applications in Microsoft's stable. A far cry from my earlier predictions that it would never see the light of day. Maybe the product owner at the time, Marko Perisic, made it successful just to prove me wrong. Nevertheless, it is on fire. So where did it go? Moving Uptown Once the Business Edition tag was removed, Marko quickly pivoted BC from a Quickbooks/Xero compete, into a product those customers could move up to as they outgrew them. While the CRM side of the house was going through a massive evolution into what we now know as the Power Platform, Marko was able to stomp on the gas pedal. BC was evolving at a faster pace than any other product, partly because it was in a lane by itself. Weekly updates were the norm, and the new northstar became NAV on-premise parity. A goal that I believe has been largely met. SMB might be a fine market, but this thing could go way beyond that... in some cases even standing toe-to-toe with AX for some enterprise customers. So what exactly is BC? What is Business Central? At it's heart, Business Central is a SaaS ERP. "Manage your financials" is at the top of the product's page of capabilities. As you would expect from an ERP it has the GL, AP and AR core functions, but it is much more than that. Like everything Microsoft is doing in Business Applications today, BC is infused with A.I. The next listed capability is "Automate and secure your supply chain", that sounds pretty "enterprisy" to me. Next up is "Sell Smarter and improve customer service", so BC also includes some CRM capabilities. After that is "Keep projects on time and under budget", so we can add some project management capabilities to the list. The last item is "Optimize your operations" for inventory and warehouse management. Clearly this product has grown up quite a bit from its humble "Business Edition" beginnings, and there is a growing number of partner extensions (ISVs) to extend the capabilities even further. The pricing is pretty straightforward, at least in comparison to the Customer Engagement applications. There are only three flavors: "Essentials" at $70/user/month, "Premium" at $100/user/month, and "Team Members" at $8/user/month. To figure out which licenses you need, you can review the licensing guide. You can also sign up for a free trial here. From the Pros Since I am not an expert on Business Central, I reached out to two guys who I know are knee-deep in the product for their thoughts. Andrew King is a Partner at WebSan, a Toronto based Business Applications partner. Since WebSan supports both Dynamics 365 Customer Engagement "CE" as well as Dynamics 365 Business Central "BC", I thought he would be a great guy to contrast the two. Andrew shared that there is some confusion in the market, "The products are as different as Golf and Baseball, but we frequently see customers asking about the product that does not meet their needs. Like BC for CRM needs, or CE for Supply Chain. Would they work? I guess if you like playing golf with a baseball bat". James Crowter is the Managing Director of Technology Management, a UK based Business Applications partner. Technology Management also supports both Dynamics 365 Customer Engagement "CE" as well as Dynamics 365 Business Central "BC", and has a long history with NAV. James talked about the amazing pace of innovation, "I can talk to a new customer in the morning, and have them using BC by the afternoon, which is amazing! For the right customer requirements, BC is a no-brainer... but not for sales workloads, there is not even a workflow capability (for sales), which is a key component for sales!" What Business Central is not? Both Andrew and James agreed that while Business Central is an awesome solution, it is not really a very good Sales tool. Both agreed that they would typically position Customer Engagement for any CRM type requirements, and they often position both products for a true end-to-end solution. They both had some choice words for the Sales Capabilities of BC, and clearly neither one had any interest in activating those, but instead would bring in Customer Engagement for any customers looking to transform their sales processes. So I guess it boils down to, what it is that you are trying to transform. If you are looking to modernize your financial processes, including supply chain and inventory, or have outgrown Quickbooks or Xero... Dynamics 365 Business Central is an excellent option, and you could reach out to Andrew or James for more guidance on that. If you are looking to modernize your sales or service processes, Dynamics 365 Customer Engagement is the clear way to go, and Andrew, James or myself can help you explore that further. But are these the only Microsoft options? Other Big and Small Options If your ERP requirements are really big, and include things like HR management, you might look at Microsoft Dynamics 365 for Finance and Operations. This is Microsoft 's enterprise-grade ERP. Again, we have seen Business Central get into some pretty big businesses, but F&O is the next step up. Conversely, if your sales or service requirements are fairly basic, you may find that Dynamics 365 for Customer Engagement is a pretty big hammer to start with. In that case, you might want to explore RapidStartCRM, our PowerApps based CRM solution. It is an excellent option for small businesses or enterprise departments, built on the Power Platform and running on CDS so you can never outgrow it. Hopefully I cleared up some confusion, but if I actually made you more even confused than before... please keep that to yourself.

ERPodcast Episode 4 – 2019 The State of the ERP Address   Time for Profit from ERP (MFX)   It’s ERPodcast the verbal musings of the Director of Consulting Services at Profit From ERP, Gene Hammons – Today it’s The 2019 State of the ERP Address - We’ll talk about new efficiencies driven by cloud ERP, increasing pressure on internal corporate teams taking on a new ERP projects, ERP platform diversity which means something for everyone, and we’ll cover the strategic impact of ERP and the core competency to be a technology driven company instead of an M&A target   If you Google ERP related queries, you’ll find a world of information – most of it written from the perspective of someone who’s trying to sell you their ERP software. Which, while that is informative to a point, it’s not always the point you were looking to answer.   So, our perspective.   We help client companies analyze, select, and implement ERP software as well as related operational software and mobile apps. Granted, software selection expertise does not translate into an accurate general overview of the entire ERP industry – what we do have is a specific, laser focused, examination of real world results from actual working companies.   We do selection/implementation again and again, for client after client. In a variety of industries, business lines and verticals.  The commonalities of our clients are they’re already successful and growing, usually they’ve outgrown or outpaced the current system.   It’s gotten to the point where regardless if the cost seems huge, they know the effort needs to be undertaken –   Our consulting practice is designed to turn that around.   Instead of approaching the project as a huge cost, we look to the efficiencies – the productivity gains – the cost avoidance – the labor savings – the revenue increases – and we measure it all, as increased Profit – Profit From ERP.   Profit is the goal. ERP is the tool.   And while it’s not exactly a Congressional Proclamation, it’s definitely a real world perspective, it’s the 2019 State of the ERP address –   -Break-   Welcome back to the ERPodcast, the 2019 State of the ERP Address – before we jump into today’s content, a bit of backstory.   Yes, I know there’s always a bit of backstory with me – but just this morning, I saw a pull quote from noted economist Thomas Sowell, who said “One of the most important reasons for studying history is that virtually every stupid idea that is in vogue today has been tried before and proved disastrous before, time and time again.”   So we don’t want to be angering Economists and we have a general policy of avoiding disasters – so let’s understand history driving today’s trends.   Trend #1 Cloud Computing Driving Efficiencies   In the early days of ERP, everything was modular to the extreme – you could buy a General Ledger or GL system from one company and tie that to an A/P or Accounts Payable system from another company. Today, all these modules have long been incorporated into different views from the same relational database, so any modern ERP will contain fairly complete financials.   Now if you’re working with a consulting firm that’s put together an RFP to send out to ERP providers, and on the front page of that RFP are questions that ask if the ERP package contains a GL, AP, AR, Purchasing and the like, there’s only two reasons – One, they’re using an old RFP form from the 1986 era of extreme modularity or two, they’re sending it out to ERP softwares that they have no idea or have never used that ERP – both big clues – take a hint.   The common model is completeness of base financial functions within a single database.   In the old model, only huge companies had the IT resources to keep all these different codebases integrated through upgrade roadmaps and changes in features – and with the changes to a single relational database,

Microsoft recently announced Dynamics 365 Business Central, the official name for the product that was code-named "Tenerife". This is the long anticipated, fully "SaaSified" version of "Full" NAV, and it is available now. At the same time, Microsoft also announced a new Customer Engagement option, Dynamics 365 Sales Professional, a feature limited version of their full Dynamics 365 Enterprise Sales Application at a lower cost. Where do they fit in the picture? Don't Say SMB It's not that SMB (Small and Midsized Businesses) is now a dirty word in Dynamics, rather Microsoft would prefer not to segment their Dynamics products by company size anymore. Once you lay the SMB brand on a product, you kind of remove it from consideration for any non-SMB. What is more important is the complexity of a business... any business. This should really be the determining factor for what product(s) will best suit a customer. All SMBs are not necessarily simple, as I wrote here, nor all all large businesses complex. "Dynamics 365 Business Central" and "Dynamics 365 Sales Professional" are good examples of size-neutral product names. Maybe next we will see "Enterprise" changed to "Ultimate", for size-neutrality across the line. I can hear you... I'm standing right here... SMB represents a pretty good sized customer base, it actually dwarfs all other segments combined in sheer numbers. SMB has also gotten used to "Special Treatment" from everybody, credit card issuers, office supply discounts, small fleet programs, government programs, you name any business need, and there is a special deal, just for them. Some of these deals are so good, larger businesses try and pass themselves off as "small" just to take advantage. So has Microsoft abandoned the SMB? Not at all, they are just leaving it up to you to figure out what products you need. Would it be easier if there were a flashing sign over the one product that fit you best? Maybe, but given the fact that all businesses are different, wouldn't you prefer making the decision of what is best for your needs? We'll see. What's in a Name? What do you think of when you hear the name "Dynamics 365"? If you are thinking that this is a single product, you would be incorrect, Dynamics 365 is a family of products, all focused on "Business Solutions". "Isn't email a business solution?" Sure, you use email in your business, but it is really a communication tool, so email falls within the category of "Productivity Solutions", along with everything else that is part of "Office 365". The line between Business Solutions and Productivity Solutions is a little fuzzy, even for people who use these terms daily like me. We can make it even fuzzier by integrating the two sides, but that is a post for another day. The key here is that Dynamics 365 is a family of "different" Business Solutions, sharing a top-level name. Some of these products are vastly different, not only in what they provide, but the platforms upon which they are built, they ways in which they are customized, and even the UIs in which they are presented. In many ways it is like a Chinese menu from which you can assemble your own custom plate, but in some areas there are forks in the road that must be taken. Over time some of these forks will be eliminated, but today you will have to make some forking decisions. Dynamics 365 Business Central One of the first forks in the road that you will come to is what I call the CE/BC crossroads. "CE" is Customer Engagement, which itself it not so much a product, but a sub-category of products that sit on a particular platform that we used to call CRM. I will cover this below, but know that CE and BC are two different platforms, which I will also cover below. Business Central (BC), as I said before is a fully SaaSified version of NAV. What does that mean? It means that Microsoft has built this product on their own servers in a multi-tenant configuration which allows for Microsoft to offer this product to customers on a monthly subscription basis. This is the same path that CRM took a few years ago, and the same path that Office 365 was launched on. It is the path of all future products coming from all modern providers. So that kinda had to happen.. and it did. Dynamics 365 Business Central is the evolution of NAV, a product that was primarily an ERP (Finance and Accounting) system that was primarily targeted to Mid-sized business. Like many ERP systems, it also has some basic sales capabilities, so for certain businesses it could be considered an "all-in-one" solution. In fact, NAV powers businesses of all sizes, from very small SMBs all the way up to full-on enterprise customers. Business Central is, for all intents and proposes, NAV in the cloud, so there is no reason to think it cannot do the same. Customer Engagement The Customer Engagement sub-category includes things like Sales, Service, Marketing, Project Service and Field Service. Notice, it does not include Finance or Accounting. There is no General Ledger in Customer Engagement. Therefore, Customer Engagement is clearly not an "all-in-one" path. You will still need another system for Accounting and Finance... like for example... Business Central. "What a minute, you said BC is an all-in-one, so why would I need two?" Depending on your needs, you may not, BC could be all you need. How would you know? It will depend primarily on how complex your Sales needs are, as well as you needs for Service or Marketing, or Field or Project services, if you have those. While Business Central is very strong on the finance and accounting side, its Sales capabilities are quite light, at least in comparison to the Sales capabilities of Customer Engagement. Are your sales needs sophisticated or complex? Do you have a Customer Service or Marketing need? If so, then you will probably take the Customer Engagement fork in the road. Forking Convergence The great Yogi Berra once said, "When you come to a fork in the road.. take it". So if you choose a fork today, do they ever connect up again? I'm glad you asked; yes they can. For example, let's say you started with the BC fork, and later your sales needs became complex. You can certainly add Dynamics 365 Sales Professional and it could "take-over" the sales aspects of Business Central. Or coming from the other side, let's say you already had an ERP system in place that you were satisfied with, so you took the Customer Engagement Fork for something like Dynamics 365 Sales and/or Dynamics 365 Marketing. Later for some reason, like maybe outgrowing QuickBooks, you decide you want to add BC to the mix, no worries, your sales system doesn't change, it just starts talking to your BC Finance and Accounting system, via integration. The Big Mac Customers will choose a path, based on where their needs are deficient; if it is Sales, but their ERP is okay, they will head down the Customer Engagement fork. If their ERP is lacking, but their sales are okay, they will head down the Business Central fork. But what if everything is crap? Then maybe these forks become parallel paths, with the integration occurring as they go forward down both. Of course it's more than just integrating between CE and BE, any customer will also want to integrate Office 365 into the mix. All of this is possible; it isn't necessarily as simple as checking a box, but this is where your knowledgeable Microsoft Partner will help. Frankly, your partner will also be able to guide you on the best path, based on your specific needs, because there is no solution that is "Best for SMB" or "Best for Enterprise" anymore. There is only what is Best for You.

This Course give students knowledge about business process for service, trade and manufacture companies. Especially accounting informations generated by company’s accounting transaction data through various cycles that exist. At the end of this course, we should be able to explain concept of accounting information system, analyze internal control to mitigation for information system risk, and create specific internal control for revenue, expenditure, production and HRM Cycle. Credit title: Subject Matter Expert : Aries Wicaksono Dokumenter: Binus University Uploaded by: Knowledge Management and Innovation Binus University

This course will study business processes, transaction processing, ethics, internal controls, income cycles, spending cycles, conversion cycles, financial reporting and management reporting systems, REA approaches to database modeling and enterprise resource planning systems. This course will provide a basic philosophy of thinking for students in searching for innovative methods to support user accounting systems, information technology and problem solving. After studying this course, students are expected to study independently as they come to the community as professionals in information systems. Credit title: Subject Matter Expert : Dina Fitria Murad, S.Kom., M.Kom Dokumenter: Binus University Uploaded by: Knowledge Management and Innovation Binus University

Auditing of third parties is critical to any best practices compliance program and an important tool in operationalizing your compliance program. This is a key manner in which a company can manage the third party relationship after the contract is signed and one which the government will expect you to engage in going forward.  You should plan out four to six weeks in advance, you should perform the audit with your legal counsel’s lead to preserve privilege, work with the business sponsor to establish key business contacts, discuss audit rights and processes with the third party, you should prepare initial document request lists for financial information queries, take the time to review findings from previous audits and resolutions and also review details of opened and closed internal investigations, if there are any Code of Conduct questionnaires available take care to review and finally be cognizant of any related Department of Justice (DOJ) and Securities and Exchange Commission (SEC) enforcement actions.  The next step is to determine the entry points of foreign government involvement; (1) direct and (2) indirect. The direct category includes: customs and duties, corporate taxes and penalties, social security or national insurance issues for employees, obtaining in-country visas and work permits, public official gifts and entertainment, training of and attendant travel for employees of government owned entities, procurement of business licenses and permits to perform work and, finally, areas around police escort and security. In the indirect category, some of the key areas to review are: customs agents and freight forwarders, visa processors, commercial sales agents, including distributors and, finally, those who might be consultants or other channel partners.  Document review and selection is important for this process, you should ask for as much electronic information as possible well in advance of your audit. It is much easier to get database records for internal audits than audits of third parties. Try and obtain records in database or excel format and not simply in .pdf. Request the following categories of documents; trial balance, chart of accounts, journal entry line items, financial and compliance policies, prior audited financial statements, bank records and statements, a complete list of agents or intermediaries and revenue by country and customer.  Your lead interviewer needs to be culturally sensitive, patient and must negotiate a good working relationship with the forensic auditors on your audit team, who will be reviewing the documents from their professional perspective. Regarding potential interviewees, focus on those who interact with government entities, foreign government officials or third parties, including those personnel involved with:  Business Leadership Sales/Marketing/Business Development Operations Logistics Corporate Functions: Human Resources, Finance, Health, Safety and Environmental, Real Estate and Legal.  For the interview topics, there are several lines of inquiry. Remember this is an audit interview, not an investigative interview. You should not play ‘got-cha’ in this format. You should avail yourself of the opportunity to engage in training while you are interviewing people. The topics to interview on included:  General policies and procedures; Books and records pertaining to FCPA risks; Test knowledge of FCPA and UK Bribery Act including facilitating payments and their understanding of your company’s prohibitions; Regulatory challenges they may face; Any payments of taxes, fees or fines; Government interactions they have on your behalf; and Other compliance areas you may be concerned about or that would impact your company, including: trade, anti-boycott, anti-money laundering, anti-trust.  In the review of the General Ledger (GL) accounts, you should consider commission payments to agents and representatives, any facilitating payments made, all payments around travel, meals and entertainment, payments made around training, gifts, charitable contributions, political donations and sales and promotion expenses. If there were payments made for customs or freight forwarders and other processing agents, permits, licenses, taxes and other regulatory expenses should be reviewed. Additionally any entries pertaining to community contributions and social responsibility payments should be assessed and, finally, a review of any security payments, extortion payments, payments to legal consultants or tax advisors or fines and penalties should be considered.  Regarding bank accounts and cash disbursement controls, you should review the following:  Review controls around bank accounts and cash disbursements; Identify and review authorized signers, approval levels, and bank reconciliations; Ensure all bank accounts are included in the General Ledger; Identify and review certain bank and cash disbursement transactions; Identify offshore bank accounts.  In the area of cash funds review the following:  Review controls around petty cash funds; Ascertain processes in place regarding disbursement and reconciliation of cash funds; Identify and review payments to government officials, agents, or any unusual or suspicious activities; and Identify and review certain bank transactions and test for any improper payments. For gifts, travel and entertainment, you should explore payments made through employee-reimbursed expenses, scrutinize for any suspicious expenses submitted, expenses lacking adequate documentation, incorrect posting; and identify and review accounts associated with gifts, meals, entertainment, travel, or promotion. In the area of payroll, consider the risks around the use of ghost employees, hiring of relatives of government employees, and the use of bonus payments and be sure to request a payroll listing and review for any such persons.  You should review GL accounts and expenses for related items. In taking a look at payments under local law, you should obtain list of payments to the government required by local laws and identify and review payments to government authorities or employees, customs authorities or agents, income taxes authorities or license requirements. For payments made to third parties, you should review commission and expense payments for compliance with company policy and also trace payments to the third party’s bank account.  Three Key Takeaways Be prepared. It is not an investigative interview but an audit interview. Listen, listen, listen.  This month’s podcast series is sponsored by Opus. Opus helps free your business from the complexity and uncertainty of managing the risks associated with your customers, vendors, and third parties. By combining the most innovative Third-Party Risk Management and Know Your Customer Compliance SaaS platforms with unparalleled data solutions, Opus turns information into action so your business can thrive. Opus solutions include Hiperos 3PM accelerator, the leading platform for third party risk management. To learn more, go to www.opus.com.   Learn more about your ad choices. Visit megaphone.fm/adchoices

DealersEdge VIP Members Have Access to The Full Workshop and Hundreds More! (Video - MP3 - CD - PDF Executive White Paper) For More Info: vip.dealersedge.com/ Mike Bowers asks questions submitted by himself and attendees during Brook Samples' How to Get More Smart Data From Your DMS Workshop Info: Air Date: Thursday, January 5, 2017 at 1pm Eastern/ Noon Central/ 11am Mountain/ 10am Pacific Featuring: Brooke Samples of Profit Blueprints Program Length: 60 Minutes How to Fine Tune Account Numbers, Journal Sources, Schedules and DOCs to Create Smarter & More Profit-Focused DMS Reporting. The very best dealerships work with the very best financial reporting information. And no one does it better than Brooke Samples. Visit with Brooke as she reveals her secrets for deploying many of the DMS tools now at your command, but almost universally under-utilized. You are guaranteed to take away a long list of Brooke's favorite tools to extract the data needed to improve profits in 2017. For General Managers who want to learn the accounting side of their DMS, this is a must-see workshop. Changes to Make Your DMS Work Smarter: Add more Account numbers to your General Ledger for faster analysis, to create better strategies and to effortlessly track long-term trends Add Journal Sources to save time, reduce mistakes and provide better analytics Quickly find potential problems when reviewing your General Ledger Summary Add more Schedules for faster analysis and to do the heavy work DOCs to add to save time and monitor your key accounts

Last week, I walked you through the process of preparing to close your agency's fiscal year. This week, we'll actually do it. The Clients & Profits Close Year utility is very easy to use and does all of the work of resetting the General Ledger for you. As long as you've checked your balance sheets, reconciled your checkbook, and backed everything up, we're ready close the books on another fiscal year.