Oracle Financial Reporting Compliance Cloud Panel

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2

Copyright © 2016, Oracle and/or its affiliates. All rights reserved. |
Introducing Financial Reporting
Compliance Cloud
Risk Cloud
OpenWorld16
CON 7293
Aman Desouza
Director, Product Strategy
Risk Management Cloud
Sep, 20 2016 || 4:00 || Moscone West 3005
Presented with:

• Adil Khan, Managing Director
Fulcrum Way
• Michael Mann, Director Finance
Caesar’s Entertainment
4
Today’s Panelists

Agenda
Financial Reporting Compliance Overview (10 mins)
Panelist Introductions (10 mins)
Panel Discussion with Q&A (20 mins)
Additional Resources (5 mins)
1
2
3
4
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Copyright © 2016, Oracle and/or its affiliates. All rights reserved.Copyright © 2016, Oracle and/or its affiliates. All rights reserved. |
Effective Risk
Management
6
Strengthen
Internal
Controls
Enforce
Financial
Reporting
Integrity
Prevent
Unauthorized
Access
Monitor
Access to
Sensitive
Data
Automate
Detection of
Error, Fraud &
Waste
CFOs & Controllers
CIOs & CISOs
Auditors RISK
MANAGEMENT
CLOUD

Integrated Risk & Compliance
1
2
Streamline risk processes to promote
collaboration, transparency and
accountability
Early detection of potential issues
through automated data collection and
analysis
3
Rapid Deployment with Best Practice,
Pre-built Controls designed for targeted
risk areas
Risk & Compliance Management
Documentation Reviews Assessments Issues
Advanced Controls Monitoring
Audit Analytics
User-Defined
Algorithms
Visualization &
Simulation
Library of Best Practice Controls
Procure-to-Pay
Transactions
Expense
Policies
Assess (SoD)
Rules
7

Roadmap
8
Advanced
Access Controls
(R13)
Restrict Unauthorized Access
& SoD Violations
Advanced
Financial Controls
(R12)
Protect Against Fraud, Error &
Policy Violations
Financial
Reporting Compliance
(R11)
Streamline Internal Controls Processes
Risk
Management
Cloud

Risk Management Cloud Customers
….and more!
9

Financial Reporting Compliance Cloud Service
Complete Assessments
Remediate & Certify Controls
Document Risks & Controls Matrix
Define & Review Audit Test Plans
Enforce Manual Controls
10

Financial Compliance Requirements (examples)
 Financial Regulations & Accounting Frameworks
 Sarbanes-Oxley (SOX) Act of 2002 US - Publicly Traded or have Public Debt
 COSO 2013 Accounting & Internal Control Framework
 Similar regulations around the world, such as:
 Canadian CSOX/Bill 198 Canada
 Loi sur la Sécurité Financière 2003 France
 JSOX 2006 Japan
 Sector specific regulations, such as:
 OMB Uniform Guidance (incl. OMB A-123) Higher Ed, HealthCare, Public Sector
 Model Audit Rule Insurance Companies

12
Example Risk & Controls Matrix
Current Reality: 70% of GRC professionals use spreadsheets, email & custom report apps

Document Risks
& Controls
Assess Control
Effectiveness
Address Issues
Certify Risks
and Controls
Eliminate complexity that does not add value.
Streamlines compliance processes & automates manual tasks
Financial Reporting Compliance Process
13

14
Oracle Cloud
Springboard with
FRC icons

16
FRC Manage
Assessments Area

Copyright © 2016, Oracle and/or its affiliates. All rights reserved. 19
Facilitate risk-aware business decisions
Promote Financial Oversight
Control Owners
Visibility of risks and controls highlights
ownership, and ensures accountability
Process Owners, Auditors
Real-time access to control assessments
ensures issues are promptly resolved
Executives
Contextual, role-based insight ensures
certifications are based on managed risks

Agenda
1
2
3
4
20

Oracle Confidential – Internal/Restricted/Highly Restricted 21
Michael Mann
Director, Finance at Caesar’s Entertainment is responsible for
ICFR but is currently the Business Lead for their Oracle Cloud
ERP implementation. He has worked for Caesars for over 7
years and in the gaming and entertainment industry for over
15 years. Prior to joining Caesars Entertainment, Michael was
CFO at Gaming Partners International, NASDAQ GPIC.
Michael has extensive experience in leading Finance
organizations from start-ups to international operations, and
in a variety of capacities from CFO to VP of internal audit. He
started his career at Arthur Andersen.
Introductions

2
2
• #1 and #2 market share in almost every U.S. market
• #1 poker brand in the world - WSOP
• 47 casinos across 13 states and 5 countries
• ~3 million square feet of casino gaming space
• ~1.6 million square feet of convention space
• 39,000 hotel rooms
• 458 restaurants, bars and clubs
• 323 retail shops
• Expanding Las Vegas Strip and Regional market share
• Invigorating Hospitality and Loyalty Marketing Programs
• Investing in Caesars’ Infrastructure to Enhance Long-tem Value
Caesars Entertainment is a holding company, with ownership and assets that include:
Leading Position in Most Markets
Strong Portfolio of Widely Recognized Brands
Company Overview
Cornerstone Initiatives: Strengthening Our Foundation and Positioning Us for Future Value Creation
• Instituting a Continuous Improvement-focused Operating Model
• Inspiring a Sales and Service Culture
Caesars Entertainment

Copyright © 2015, Oracle and/or its affiliates. All rights reserved. Oracle Confidential –
Profile
Caesars
Entertainment
Corp
Caesars Growth
Partners
Caesars
Entertainment
Operating Co
Caesars
Entertainment
Resort Properties
Caesars
Enterprise
Services
Oracle Financial
Cloud
GL & PL
Blackline HFM
Operational
Systems
• Casino
• Hotel
• F & B
• Player Loyalty
• Inventory
CMT
Close Management Tool
ICS
Internal Control System
CORPORATE STRUCTURE ERP STRUCTURE

Financial Reporting Compliance - Current Process
Financial Reporting Compliance Requirements & Context
• Subject to Sarbanes-Oxley Section 404.
• Subject to Minimum Internal Control Standards by Gaming Commissions.
• 2014 10-k included a Material Weakness over ICFR for non-gaming activities.
Current Compliance Tools
• 2014 and prior – Excel Spreadsheets
– Hard to control and lock down.
– Disconnected from plan.
• 2015 to current - CMT & ICS
– Do not talk to each other.
– A lot of manual work to maintain.
24

Oracle Confidential – Internal/Restricted/Highly Restricted 25
Adil Khan
Adil Khan is the Managing Director at FulcrumWay, a firm that has delivered
Governance, Risk and Compliance solutions to more than 200 Fortune-500 and
middle-market Oracle customers in Americas, EMEA and Asia Pacific since 2003. Adil
has also authored “Governance, Risk and Compliance Handbook for Oracle
Applications” and he serves on the board of the Oracle Applications Users Group
(OAUG) GRC Special Interest Group. He has given over fifty presentations on GRC
trends, best practices and case studies at many industry conferences including
Gartner GRC Summit, IIA, ISACA, Collaborate and Oracle OpenWorld. Prior to joining
FulcrumWay, Adil served as the Chief Executive Officer and board member at
Alternate Marketing Networks, Inc. a NASDAQ listed company where he was
responsible for growth strategy, financial restructuring, and corporate governance.
Adil has also worked for Oracle Corporation, a Big-4 audit firm, and several startups
to gain twenty-five years of combined experience in enterprise software and risk
management services. He graduated from Virginia Tech University in 1987 and
attended executive MBA program at University of Texas at Dallas in 1993-4.
Introductions

Fulcrum Way
Leader in risk based management controls
• Provide risk management services & tools for a complete qualitative & quantitative risk assessment.
• Help correct control defects identified by auditors, business managers and control owners.
• Enable organizations to systematically reduce the extent of exposure and the likelihood of risk by
– implementing internal controls management system for the enterprise
– Implementing monitoring controls in business applications.
• Our certified control experts are among the most experienced in the industry with an average of 20 years’
experience in audit, compliance and enterprise risk management
• Our best practices and knowledge, developed over a decade, serving more than 200 enterprise clients can help
organizations improve visibility into business bottlenecks, cash leakage, and missed opportunities.
We offer ways to leverage information that turns risks into new opportunities.
26

Audit & Compliance
Observations from the Field
1. Organizations spend $100 Billion each year on audit
2. Organizations continue to lose $3 Trillion to fraud and similar risks
3. On average it takes $10 to recover each $1 of lost profit
4. Collaboration in the cloud changes everything
27

Agenda
1
2
3
4
28

Financial Reporting Compliance Cloud Service
Confidential – Oracle
Internal/Restricted/Highly Restricted
Complete Assessments
Remediate & Certify Controls
Document Risks & Controls Matrix
Define & Review Audit Test Plans
Enforce Manual Controls
29

Panel Discussion
30
1. Drivers for Change in your Financial Reporting Compliance process & tools:
a. When & how did you start considering an alternative to your current process & tools? What triggered this?
 Before receiving the material weakness on ICFR we knew our current process was no longer sustainable.
 Excel was not ideal for the complex corporate structure of Caesars .
b. What were the motivations & goals when considering/including FRCCS?
 As part of our remediation of the material weakness we instituted a couple of new software tools, CMT
and ICS. These tools work great however they do not talk or integrate with each other.
 As part of our Oracle Fusion we discovered the FRCCS and realized the potential of integration.
c. Why did you choose Oracle FRCCS? What were your decision parameters & concerns? What drove the
decision?
 Our primary focus to purchasing Oracle Cloud was to replace our 20+ year old ERP system. The decision
to acquire Oracle FRCCS was simply an added benefit.

Panel Discussion Page 2
31
2. Expected Benefits
a) How do you expect this technology to impact the Fiscal Review team on a day to day basis?
 It is too soon to tell however our hope is that this tool will integrate with our ERP solution.
b) How are SOX and other compliance requirements handled? Do you expect to use FRCCS for more than SOX?
 We currently use ICS for our SOX program. We do not foresee using FRCCS beyond the SOX program at
this time.
c) What benefits do you anticipate from using FRCCS, compared to your current situation?
 Centralized database of controls
 Easier to track and control
 Integrated with our journal entry processing

Panel Discussion Page 3
32
3. Implementation Plan
a. What are your plans for implementation? Please tell us where you are at in your plan & anything you are
willing to share? (partner, timing, planning process, phased/big bang)?
 We are currently in the beginning of our first phase implementation of GL/PL. FRCCS is targeted for
phase 2. Overall we are estimating a 3-5 year phased roll out of Oracle Fusion.
b. Do you have any plans beyond FRCCS – for instance do you anticipate taking on Advanced Financial Controls
or Advanced Access Controls (refer to slides later in this deck)?
 We currently in the beginning of our first phase implementation of GL/PL. FRCCS is targeted for phase
2. Overall we are estimating a 3-5 year phased roll out of Oracle Fusion.

Copyright © 2016, Oracle and/or its affiliates. All rights reserved.
Cloud Changes Risk Management – Adil Khan
• Transform compliance “silos” into a single enterprise platform
• Lower testing time with standardized templates for assessments,
certifications and audit testing
• Streamline compliance with integrated continuous controls monitoring
• Monitor risks across the enterprise
• Provide actionable risk remediation plan to process owners
• Reduce Issue Management effort with better Collaboration between
Auditors and Management.

Approach for SOX and Compliance – Adil Khan
• Lack of Clear Ownership
• Ineffective Skills for Complex Analysis – Logic & Data
• Absence of Policies and Procedures
• Limited Data Reuse from Datasource e.g. ERP Applications
• Weak Change Controls, Security and Backups for Audit

Implementation Approach– Adil Khan
Plan and Analyze
• Obtain a clear understanding of the business processes, functions and information required to meet the project’s
defined business objectives. Examine the existing business processes and information systems.
Design
• Design improved high-level business processes. Build consensus around solution design. Conduct workshops to
map business requirements into FRC Application.
Build and Configure
• Configure application to meet design. Setup Process, Risks and Controls information. Configure application to
support risk self-assessment and enable management control certification. Build security and workflows to
streamline role based compliance management.
Test and Train
• Validate required application configuration on an individual basis to verify inputs, outputs and processing logic of
each configuration functions without errors. Analyze user learning needs and develop the user training guide.
Deploy
• Assist client support team rollout the new system. Address any post-go-live items.

Agenda
1
2
3
4
37

Arturo Martínez del
Campo Saucedo
Corporate Chief Financial Officer
Grupo Posadas S.A.B. de C.V. .
LEADERSHIP IN FINANCE
LATIN AMERICA - CLOUD
2016
Best
Practice
Adopter
First
Adopter
of Risk
Cloud

DEMOgrounds
Moscone West Level 3 Lobby (M,T,W) ERP Showcase
Workstation
WEP-020
39

Go-To Partners
Success requires experience and expertise
– get both from our Go-To Partners:
• Guide process owners & participants
through adoption of Best Practice Processes
• Configure software for effective long-term
success: Minimum cost of operation,
Maximum flexibility to adapt to change
To learn more and get connected, contact
your Oracle Success Manager
Current Go-To Partners: KPMG USA, Oracle Consulting USA, FulcrumWay, OneGlobe, PricewaterhouseCoopers USA
40

Tuesday
GENERAL SESSION
Sep 20, 12:15 PM – 1:00PM | Moscone West 3005
Oracle Risk Management Cloud –
Strategy Roadmap
[GEN7198]
Sid Sinha, Head of Product, Oracle Risk Management Cloud
Corey West, Oracle EVP Corporate Controller and Chief
Accounting Officer, Oracle
Brian Jensen, Director, KPMG LLP
Timothy Reese, Pennsylvania State Treasurer,
Commonwealth of Pennsylvania
This general session provides the latest update on the product
strategy, release roadmap, and best practices for Oracle Risk
Management Cloud.
PANEL SESSION
Sep 20, 4:00 PM – 4:45 PM | Moscone West 3005
Introducing Oracle Financial Reporting
Compliance Cloud (Risk Cloud) [CON7293]
Aman Desouza, Director, Risk Cloud Strategy, Oracle
Adil Khan, Managing Director, FulcrumWay,
Michael Mann, Director, Caesars Entertainment
This session provides an overview of Oracle Financial
Reporting Compliance Cloud and how it automates
certifications, assessments, and related manual tasks for
regulations such as Sarbanes-Oxley Act. It includes a guided
tour of the product, the features and benefits, and describes
how audit teams can transform compliance with automation
using this unique risk management service.
PANEL SESSION
Sep 20, 5:15 PM = 6:00 PM | Moscone West 3005
Introducing Advanced Financial Controls
to Audit Expenses & Accounts Payable
[CON7291]
Kent Spaulding, Software Architect, Oracle
Dane Roberts, Principal Product Strategy Manager, Oracle
Mark Stebelton, Director, Product Management, Oracle
Stephen D’Arcy, Director, PwC
This session provides an overview of Oracle Fusion Advanced
Financial Controls Cloud Service to continuously audit
expenses, accounts payable, and other sensitive financial
transactions. It includes a product tour, features and benefits
and shows how expense managers, controllers, and auditors
can use advanced data analysis to prevent fraud and error
and ensure compliance with policy .
41

Wednesday
CUSTOMER CASE STUDY
Sep 21, 11:00 AM – 11:45 AM| Moscone West 3005
Securing ERP: Application Compliance
and Controls Implementation
[CAS7689]
Gautham Ramkumar: Director, Advisory Services, KMPG LLP
Chuck Devore, Director, Finance Transformation, ADM
Kenneth Kobia, Risk & Controls Lead, Archer Daniels Midland
Organizations have successfully transformed their business
operations by leveraging Oracle ERP technologies. Yet they
continue to struggle to balance the two divergent needs of
empowering ERP business users, while protecting sensitive
data and transactions. In this session KPMG and Archer
Daniels Midland detail how they took advantage of Oracle’s
ERP security and controls capabilities, to support ADM’s
initiative to deploy Oracle ERP .
PANEL SEESION
Sep 21, 1:30 PM – 2:15PM | Moscone West 3005
Introducing Oracle Fusion Advanced
Access Controls to Strengthen Security
[CON7290]
Katrina Johnson, VP Risk Assurance, Service Corp
International
Nicholas Seeman, Director, Advisory Services, KMPG LLP
Barry Greenhut, Director, Product Strategy, Oracle
This session provides an overview of Oracle Fusion Advanced
Access Controls to continuously detect segregation of duties
violations, manage exceptions, and fix unauthorized access to
sensitive functions and data. Compliance managers and
auditors can use Oracle Fusion Advanced Access Controls to
ensure strong access controls across ERP, HCM and SCM
cloud applications.
PANEL SESSION
Implement the Best Practice for Oracle
Financial Reporting Compliance Cloud
[CON7291]
Swarnali Bag, Governance, Risk & Compliance Practice Lead,
Oracle
Barry Greenhut, Director, Product Strategy , Oracle
Lakshmi Rajamohan, Principal Product Strategy Mgr., Oracle
This session provides a more detailed walkthrough of Oracle
Financial Reporting Compliance from an end user’s
perspective, and highlights how the product can be
configured to automate the best practice process. Based on
learning from a decade of customer experience, it showcases
the shortest and most cost-effective path to go live and
streamline operations.
42

Thursday
PANEL SESSION
Sep 22, 9:30 AM – 10:15 AM| Moscone West 3005
Implement the Best Practice for Oracle Fusion Advanced Financial
Controls Cloud Service
[CAS7286]
Swarnali Bag, Governance, Risk & Compliance Practice Lead, Oracle
Christine Doxey, Owner or Partner, “Doxey, Inc”
Lakshmi Rajamohan, Principal Product Strategy Manager, Oracle
This session provides a detailed walkthrough of Oracle Fusion Financial Controls Cloud Service
from an end user’s perspective, and highlights how the product can be configured to automate
best practice controls. Oracle Fusion Advanced Financial Controls Cloud Service is designed to
meet the common needs of Oracle Financials Cloud subscribers. Based on learning from a decade
of customer experience, this session showcases Oracle’s best practice business process for
maximum ROI with minimum cost of ongoing operation.
PANEL SESSION
Get Started with Financial Reporting Compliance and Advanced
Financial Controls
[CON7284]
Lakshmi Rajamohan, Principal Product Strategy Manager, Oracle
Joel Alvarado, Customer Success Manager, Oracle
This session provides you with the most effective project plan to implement Oracle Financial
Reporting Compliance or Oracle Fusion Advanced Financial Controls Cloud Service. Participants
will learn the shortest and most cost-effective path to success using Oracle’s customer and
partner-tested “get started” process. Learn how to plan and adopt these cloud services, and then
sustain your use through growth and change. Learn how to get the experience and expertise
needed to succeed.
43

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