Marco Burrichter (Hyperion) bespreekt de integratie van financiële data in een Business Intelligence Platform. Nieuwe software op dit gebied maakt het mogelijk voorheen strikt gescheiden activiteiten zoals managementreportages, analysemogelijkheden en planning vanuit één plaats toegankelijk te maken. Data en proces worden transparant. Waar voorheen door een gebrek aan standaard invoer- en verwerkingsmethodes en audit-trails de betrouwbaarheid van financiële data niet gegarandeerd kon worden, kan met financieel data management iedere stap verantwoord worden.

1. vent: DDMA DQ Dag
hema: Datakwaliteit
preker: Marco Burrichter - Hyperion
Datum: 12 september 2006 – Fortis NV, Utrecht

2. Integration of
Financial Data
Marco Burrichter
Principal Technical Consultant
Hyperion

3. Over 400 Clients - All References

4. Financial Data Quality Management
T Points of Failure:
r Balanced Files / Data Quality
a Completeness
n Consistency / Interpretation
s
Mapping Issues
p
Auditability / Accountability
a
r Manual Keying Errors
e Communication
n Technical Issues
c Time Constraints
y

5. FDM
Saves Time Reduces Compliance Puts Confidence
Costs In the Numbers

6. Data Quality for Success
Business User Solution
— Global solution deployed and maintained by business analysts
— Complex mapping in an easy to use guided workflow process
Faster Everything
— Eliminate bottlenecks & improve communication
— Deployments and migrations to new applications
— Drive Down Close cycles dramatically
Visibility/Transparency for Confidence
— Audit trail
— Map changes
— Data quality checking
— Error identification, notification, and investigation
Compliance Support For SOX
— Deliver a standard, defined and repeatable process
— Subject each user, all actions, and all data to standardization and key internal
controls
— SOX 302 Sub Certifications and 404 Assessments

7. FDM Eliminates the Points of Failure
— Balance Files / Data Quality —Communication
— Check report —Immediate feedback to end users
— Audit reports for investigation —Text and supporting document attachment
—Entire process completed without coordination
— Completeness with IT for support
— Journal entries
— Check report —Technical Issues
— Validate mapping step —Out of the box, standard method for all users
—Finance supported
— Consistency / Interpretation
— Visibility - account chase report
— Time Constraints
—Immediate Feedback to End Users (4 fish)
— Auditability / Accountability —Error investigation ability (trial balance / audit reports
— Log of all significant activity i.e. map change log
—Audit trail into all data (trial balance / audit reports)
— Account chase / audit reports
—Simple GUI
— Process monitor
— Conversion rule accessible in drill down

8. Key Deliverables
STANDARD DEFINED DATA DATA
REPEATABLE PROCESS COLLECTION TRANSFORMATION
DATA INTERNAL CONTROLS VISIBILITY
VALIDATION AUDIT TRAIL TRANSPARANCY

9. Standard Defined Repeatable Process
The only “application
approach” to integration
Standard processes first step
to compliance
Ease of use critical success
factor

10. Data Collection
Read any file in any format
from any system
— GL Trial Balance Reports
— Flat files
— Open Database sources
Business user responsibility
No manual manipulation

11. Data Transformation
Cleansed and standardized to
applications
Stored in a standard
repository
Powerful mapping tables allow
for mapping up to 28
dimensions
Handles very simple maps or
the most complex
requirements

12. Data Validation
Completeness
Reasonableness
Accuracy
Tie out data between HFM
and Planning
Can be specific for each
location

13. Internal Controls Audit Trail
Log of all significant events
Business user accountability
Support for Sarbanes 302 sub
certification
Auditors love it – (external and
internal)

14. FDM Corporate Governance
302- CEO and CFO Review
Certification/Monitoring
Upstream Certification
Transparency, Completeness, Accuracy,
Accountability, & Audit
Red Flag Exception Reporting
Document Attachment & Archival
Role Based Security
404- Assessment Repository
Central Controls Repository
Maintaining Controls Framework
Assessing Effectiveness of the Controls and
Processes in the Framework
Accommodates the COSO Framework-
Acceptable Framework per SEC

15. Key Compliance Issues Addressed
Sect. Requirement/Eff. Date FDM Solution
302 Quarterly certification of financial FDM Hierarchical Certification Questionnaires,
statements (2002) Audit Review Section, Process Management,
Doc Attachments, Cell Text
404 Annual assessment of effectiveness of 1. Close and Reporting Controls and Audit Trails
internal control and COSO Compliance
(Dec 2004) 2. FDM 404 COSO Controls Assessment
Repository
409 Rapid disclosure of material changes – Hyperion Financial Management, Hyperion BI
“Real Time” reporting (Mar 2004) Platform
401 Pro-forma reconciliations Hyperion Financial Management “What If”
capabilities
Off-balance sheet trans. (2003)
SAS99 Clear audit trails from source to 10K10Q Hyperion Custom Dimensions, Value
(2003) Dimensions, Intercompany Dimensions and with
UpStream, complete combined audit trail to
source details
Accel. 10Q in 40 days moving to 35, 10K in 75 FDM – That’s what it’s all about!
Filings days moving to 60 (2005)

16. Visibility Transparency
Visibility into both the data and
processes
80+ out of the box reports to
allow different views of the
data
Drill Down from Source to
Report
A true differentiator