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  • 1. Oracle Fusion Financials Masterclass Linda Wong Fusion Financials Strategy
  • 2. Agenda  What do customers want from Fusion Financials?  And how do they get it right? 2 Copyright © 2013, Oracle and/or its affiliates. All rights reserved.
  • 3. WHAT DO CUSTOMERS WANT FROM FUSION FINANCIALS ? 3 Copyright © 2012, Oracle and/or its affiliates. All rights reserved. Insert Information Protection Policy Classification from Slide 16
  • 4. “We selected Oracle Cloud ERP Services, and specifically have started with the Fusion Financial model, based on three key factors for ourselves. First is the analytics and reporting; the embedded business intelligence and the way that will support our business, as a data-driven business, is pretty key for us.” Lending Club 4 Copyright © 2012, Oracle and/or its affiliates. All rights reserved. Insert Information Protection Policy Classification from Slide 16
  • 5. “I was actually really impressed with the reporting capabilities and immediately realized this was the answer to our reporting challenge.” PGA (Professional Golfers’ Association of America) 5 Copyright © 2012, Oracle and/or its affiliates. All rights reserved. Insert Information Protection Policy Classification from Slide 16
  • 6. “We’re very happy with the options of how we visualize our accounting balances in real time. We now have more flexible reporting, faster reporting, and an environment that more easily permits user self-service reporting.” Oracle 6 Copyright © 2012, Oracle and/or its affiliates. All rights reserved. Insert Information Protection Policy Classification from Slide 16
  • 7. “The reporting capabilities that are in the Fusion platforms are really extensive, and they cover everything from the supply chain capabilities to the finance organization, so right out of the box we can meet most of our reporting requirements by using the Fusion platforms.” Land O’Lakes 7 Copyright © 2012, Oracle and/or its affiliates. All rights reserved. Insert Information Protection Policy Classification from Slide 16
  • 8. Reporting 8 Copyright © 2012, Oracle and/or its affiliates. All rights reserved. Insert Information Protection Policy Classification from Slide 16
  • 9. HOW do I want to present my data Reporting WHAT am I reporting on WHO needs to see this information 9 Copyright © 2013, Oracle and/or its affiliates. All rights reserved.
  • 10. Boardroomquality management reports HOW do I want to present my data Ad-hoc transactional reporting Spreadsheet integration 10 Copyright © 2013, Oracle and/or its affiliates. All rights reserved.
  • 11. Financial Reporting Boardroom-quality management reports Self-service reports in your choice of format Interactive data selection Real-time information with drilldown to details Formulas, calculations, charts and graphs 11 Copyright © 2013, Oracle and/or its affiliates. All rights reserved.
  • 12. Oracle Transactional Business Intelligence Ad-hoc transactional reporting User-created custom queries and reports on real-time transactional data Drilldown to details Pre-packaged samples and content Calculations, charts and graphs 12 Copyright © 2013, Oracle and/or its affiliates. All rights reserved.
  • 13. Spreadsheet Integration Multi-dimensional reporting using familiar tools Real-time integration to Fusion General Ledger balances Drilldown to details Drag-and-drop data selection 13 Copyright © 2013, Oracle and/or its affiliates. All rights reserved.
  • 14. Defining a chart of accounts WHAT am I reporting on? Using hierarchies Creating ledgers Setting up business units 14 Copyright © 2013, Oracle and/or its affiliates. All rights reserved.
  • 15. companies regions industries departments subsidiaries countries lines of business Your Organization 15 Copyright © 2013, Oracle and/or its affiliates. All rights reserved. projects products accounts
  • 16. reporting hierarchy 16 Copyright © 2013, Oracle and/or its affiliates. All rights reserved. management hierarchy
  • 17. last year’s reporting hierarchy 17 Copyright © 2013, Oracle and/or its affiliates. All rights reserved. this year’s reporting hierarchy
  • 18. $ 2500 $ 1500 $ 700 $ 800 $ 500 $ 300 $ 600 $ 400 18 Copyright © 2013, Oracle and/or its affiliates. All rights reserved.
  • 19. Customer Example Internal management reporting hierarchy Regulatory reporting hierarchy Hierarchy 1 Hierarchy 2 v1 100 005 101-199 006 200 101 201 301 401 601 701 201-299 300 ….. 400 500 600 700 800 900 19 Copyright © 2013, Oracle and/or its affiliates. All rights reserved. 007 501 801 Allocations Hierarchy 2 v2 005 006 101 201 301 401 601 501 801 701 Hierarchy 3 ALL 101 102 103 104 105 106 ….. ….. 801 802 803 etc
  • 20. Company A Primary ledger Chart of Accounts mapping Reporting currencies 20 Copyright © 2013, Oracle and/or its affiliates. All rights reserved. Company A Secondary ledger Reporting currencies
  • 21. Common COA and Calendar Consolidation via Financial Report Company C ledger Company B ledger Company A Primary ledger Chart of Accounts mapping Reporting currencies 21 Copyright © 2013, Oracle and/or its affiliates. All rights reserved. Company A Secondary ledger Reporting currencies
  • 22. Common COA and Calendar Corporate Primary ledger Company C ledger Company B ledger Consolidate via Balance Transfer Company A Primary ledger Chart of Accounts mapping Reporting currencies 22 Copyright © 2013, Oracle and/or its affiliates. All rights reserved. Company A Secondary ledger Reporting currencies
  • 23. Overview of ledger hierarchy for your organization 23 Copyright © 2013, Oracle and/or its affiliates. All rights reserved.
  • 24. Overview of ledger hierarchy for your organization View close status of general ledger and subledgers 24 Copyright © 2013, Oracle and/or its affiliates. All rights reserved.
  • 25. Overview of ledger hierarchy for your organization View close status of general ledger and subledgers Contact details and social integration embedded within the process to investigate and resolve issues 25 Copyright © 2013, Oracle and/or its affiliates. All rights reserved.
  • 26. Overview of ledger hierarchy for your organization View close status of general ledger and subledgers Contact details and social integration embedded within the process to investigate and resolve issues Trial Consolidated P&L for each level of the hierarchy 26 Copyright © 2013, Oracle and/or its affiliates. All rights reserved.
  • 27. Transactions 27 Copyright © 2013, Oracle and/or its affiliates. All rights reserved. Business Unit Ledger
  • 28. Customer Example US Dollar Primary Ledger Regional Holdings LLC North America BU Australian Dollar Primary Ledger Australia Branch BU Indonesian Rupiah Primary Ledger Indonesia BU Euro Primary Ledger CFP Franc Primary Ledger France BU Tahiti BU. Brazilian Real Primary Ledger Africa BU US BU Japan BU Australasia BU Ledger Business Unit 28 Copyright © 2013, Oracle and/or its affiliates. All rights reserved. South America BU
  • 29. User roles and data access WHO needs to see this information? 29 Copyright © 2013, Oracle and/or its affiliates. All rights reserved. Chart of Accounts security
  • 30. Job role: User roles and data access What tasks or jobs can a user perform Data role: What data can a user access 30 Copyright © 2013, Oracle and/or its affiliates. All rights reserved.
  • 31. Corporate Financial Controller France Primary Ledger (corporate COA in Euros, USD) Financial Controller for France Subsidiary France Secondary Ledger (local COA in Euros) 31 Copyright © 2013, Oracle and/or its affiliates. All rights reserved. French Business Unit Manager
  • 32. Segment Security Rules Chart of Accounts security 32 Copyright © 2013, Oracle and/or its affiliates. All rights reserved. Cross-Validation Rules
  • 33. You should standardize on a single corporate Chart of Accounts. LEDGERS best practices & recommendations If you have a global Chart of Accounts for all countries, you may use reporting currencies rather than secondary ledgers. If you need local statutory reporting plus corporate operational reporting, you can use secondary ledgers to support a different COA. If your ledgers share the same COA and Calendar, you can group them into a Ledger Set for shared operations (e.g. close, allocations, reporting). 33 Copyright © 2013, Oracle and/or its affiliates. All rights reserved.
  • 34. BEFORE setting up hierarchies, consider your requirements for financial reporting, allocations, cross validation rules, revaluations, and chart of accounts mapping. HIERARCHIES best practices & recommendations THEN define hierarchies based on those requirements. Define multiple versions of a hierarchy, and different hierarchies for different purposes by using multiple trees. Hierarchies that are used in financial reporting and allocations must be published to Oracle Essbase, and re-published whenever updates are made to the hierarchy. 34 Copyright © 2013, Oracle and/or its affiliates. All rights reserved.
  • 35. Use the out-of-the-box job roles to preserve the integrity of duties during upgrades. SECURITY best practices & recommendations Use data roles to control access to ledgers and business units. If you have several companies operating in a single ledger and their operations are shared you may opt to implement fewer business units. If you have several companies operating in a single ledger and their operations are segregated, use multiple business units and segment security rules. 35 Copyright © 2013, Oracle and/or its affiliates. All rights reserved.
  • 36. Agenda  What do customers want from Fusion Financials? Reporting  And how do they get it right? Understand How, What and Who 36 Copyright © 2013, Oracle and/or its affiliates. All rights reserved.
  • 37. Graphic Section Divider 37 Copyright © 2013, Oracle and/or its affiliates. All rights reserved.