How to go from HFM (on prem) to FCCS(cloud) with a horizontal learning curve
1. Session ID:
Prepared by:
How to go from HFM (on-prem)
to FCCS (cloud) with a horizontal
learning curve
CPI Card Group Completed Its Cloud Migration with FCCS
10621
Doga Pamir, Solutions Architect, Perficient
Tory Wilson, Business Systems Analyst, CPI Card Group
2. April 2-6, 2017 in Las Vegas, NV USA #C17LV
Agenda
• About CPI Card Group
• CPI Cloud Applications
• Why CPI Goes to Cloud
• CPI Cloud Migration Timeline
• Why Perficient
• Challenges and Benefits
• About Perficient
• Oracle EPM Cloud
• About FCCS
• FCCS Quick Facts
• FCCS vs HFM Dimensionality
• FCCS Pre-built Calculations
• FCCS Metadata via Smartview
• Q&A
3. April 2-6, 2017 in Las Vegas, NV USA #C17LV
Largest US Provider of Plastic Credit and Debit Cards
20+ years in operation
$308M+ in Net Sales FY 2016
9 locations in North America, 2 locations in the UK
1300+ employees
Over 4000 customers direct and indirect
Industry leaders in Financial and Pre Paid Market
IPO October 2015
Nasdaq: PMTS
Diverse Information Systems
Monarch ERP by EFI
Custom operational ERP system two sites
Oracle FCCS
Oracle PBCS
Oracle Sales Cloud
Oracle HCM
Oracle BICS
CPI Card Group
4. April 2-6, 2017 in Las Vegas, NV USA #C17LV
Sales Cloud
FCCS
HCM
PBCS
BICS
CLOUD
CPI Cloud Applications
5. April 2-6, 2017 in Las Vegas, NV USA #C17LV
Why CPI Goes to Cloud?
6. April 2-6, 2017 in Las Vegas, NV USA #C17LV
CPI Cloud Migration Timeline
Timeline
October: Define requirements, re-
build Entity Dimension hierarchy
November: Migrate FDM, set up
Data Management, set up security,
defining Dimensions
December: Load and validate data
via Smart View, migrate FRS
reports, test FDMEE trial balance
import
January: Build new FRS reports,
build Close Manager, UAT testing
February: Go Live
FCCS
1. Define
Req’s
2. Define
Dim’s
3. Migrate
Metadata
4. Load &
Validate
Data
5. UAT
Testing
6. Go Live
7. April 2-6, 2017 in Las Vegas, NV USA #C17LV
Why Perficient?
Understand our business
Strong knowledge of HFM and FCCS
Strong relationship with Oracle
Knowledgeable team
Abilities outside of EPM
Ability to build strong working relationships
Earned trust to work with users outside of technology group
Collaborative Delivery Model with Knowledge Transfer
8. April 2-6, 2017 in Las Vegas, NV USA #C17LV
• Limited user knowledge with the current application
• Rules, Eliminations, etc.
• No Flow/Movement dimension in the current application
• No roll forwards
• No cash flow
• Dimensionality changes (i.e. Entity restructure)
• Manual Excel workbooks
• Hardware, Virtualization, Disaster Recovery, Backups
Challenges
Benefits
• No infrastructure investment
• Scheduled and automated updates by Oracle
• Easy application creation, configuration, user interface
• Out of the box:
– calculations (Net Income to RE, Equity Overrides, etc.)
– roll forwards
– cash flow
– dashboards
• Metadata management using Smart View
• Integrated Close Manager and Supplemental Data
9. April 2-6, 2017 in Las Vegas, NV USA #C17LV
Perficient Profile
• Founded in 1997
• Public, NASDAQ: PRFT
• 2016 revenue: $486.9 million
• Major market locations:
Allentown, Atlanta, Ann Arbor, Boston, Charlotte, Chattanooga, Chicago, Cincinnati,
Columbus, Dallas, Denver, Detroit, Fairfax, Houston, Indianapolis, Lafayette, Milwaukee,
Minneapolis, New York City, Northern California, Oxford (UK), Southern California, St.
Louis, Toronto
• Global delivery centers in China and India
• 3,000+ colleagues
• Dedicated solution practices
• ~95% repeat business rate
• Alliance partnerships with major technology vendors
• Multiple vendor/industry technology and growth awards
10. April 2-6, 2017 in Las Vegas, NV USA #C17LV
Perficient Oracle Practice
2000+
Deployments
Industry Expertise
Solution Expertise
EPM | ERP | BI | CX
Platinum
150+
Oracle
Experts
Partner
Cloud Select
Healthcare | Supply Chain/Mfg. | Energy/Oil & Gas
Financial Services | Consumer Markets
15
Specializations
11. April 2-6, 2017 in Las Vegas, NV USA #C17LV
Perficient EPM Practice
Fast Facts
• Practice Started: 2002
• Projects Completed: 1000+
• Management Team: 15
years
• Oracle Authorized
Education Center
• SupportNet & Managed
Services
Solutions Expertise
• Cloud readiness assessments
• EPM strategy and health check
• Cloud & on-premises solutions
• Financial close & consolidations
• Reporting & analytics
• Data relationship management
• Account reconciliations
• Profitability & cost management
• Infrastructure & high availability
Oracle Specializations
12. April 2-6, 2017 in Las Vegas, NV USA #C17LV
Cloud Strategy
Our cloud advisory
services are
designed to help
guide you through
each stage of an
enterprise cloud
transformation to
achieve your
desired business
Strategic
Assessments
Implementations /
Migrations
Change
Management &
Manage Services
Assess current
state of
applications and
processes
Complete your
Oracle Cloud
rollout or
migration with
help from our
experienced team
using repeatable
and agile
processes to
produce
measurable
outcomes.
Communication &
Training included
in project. Post
implementation
Support with SLA
13. April 2-6, 2017 in Las Vegas, NV USA #C17LV
Poll Question 1
Survey 1: Which of the following Oracle cloud offerings is your organization currently considering?
(Select All Apply)
A: Enterprise / Planning and Budgeting Cloud
B: Financial Consolidation and Close Cloud
C: Enterprise Performance Reporting Cloud
D: Account Reconciliation Cloud
E: Not Considering EPM Cloud
F: No Cloud Strategy at this time
14. April 2-6, 2017 in Las Vegas, NV USA #C17LV
Poll Question 1
Results from Perficient Webinar - 03.06.2017
Orthofix Improves its Financial Close and Consolidations with Oracle Cloud (ARCS & FCCS)
16. April 2-6, 2017 in Las Vegas, NV USA #C17LV
Cloud-based ‘Software-as-a-Service’
delivery advantages:
• No capital infrastructure investments
• Minimal IT resource requirements
• Never have to worry about upgrades
• Owned by line of business
• New features are more frequently
available
• Backups are owned by Oracle
Oracle Cloud Service
17. April 2-6, 2017 in Las Vegas, NV USA #C17LV
• Best practices out-of-the-box to get
up and running quickly
• A configurable and upgradable
consolidation and close framework to
tailor the solution to specific
requirements
• Easy to use and maintain
• An end to end consolidation and
close solution
• Powerful analytics, dashboards,
reports, and analysis for unparalleled
insight
• No infrastructure investments
required
• Financial Close Manager and
Supplemental Data
Oracle Financial Consolidation and Close Cloud Service (FCCS)
18. April 2-6, 2017 in Las Vegas, NV USA #C17LV
Poll Question 2
Survey 2: What is the biggest challenge(s) you’re facing in your current financial close process?
(Select All Apply)
A: Time wasted manipulating data in Excel
B: Too detailed / too summarized
C: Reporting and variance explanations
D: Uncontrolled or insecure financial data
E: Resources are stretched thin and can’t support business needs
19. April 2-6, 2017 in Las Vegas, NV USA #C17LV
Poll Question 2
Results from Perficient Webinar - 03.06.2017
Orthofix Improves its Financial Close and Consolidations with Oracle Cloud (ARCS & FCCS)
20. April 2-6, 2017 in Las Vegas, NV USA #C17LV
FCCS Highlights
• Pre-seeded members (FCCS_)
• System Dimensions
• Currency
• Consolidation
• Data Source
• Movement
• Pre-built calculations
• Net Income to RE
• Roll Forwards
• Historical Overrides
• Translations
• Eliminations (first common parent)
• CTA
• FCCS_Balance (Plug on Balance Sheet)
• Metadata Management
• Smart View
• Close Manager & Supplemental Data
21. April 2-6, 2017 in Las Vegas, NV USA #C17LV
FCCS vs HFM – Dimensionality
FCCS Dimensions
Scenario
Account
Entity
Years
Period
View
Intercompany
HFM Dimensions
Scenario
Account
Entity
Year
Period
View
ICP
22. April 2-6, 2017 in Las Vegas, NV USA #C17LV
FCCS vs HFM – Dimensionality (cont.)
Currency
USD
GBP
CAD
...
Value
[Contribution]
[Elimination]
[Proportion]
<Parent Currency> (pointer)
<Entity Curr Total>
<Entity Curr Adjs>
<Entity Currency> (pointer)
Currency
No Currency
Input Currencies
Reporting Currencies
Entity Currency (stored)
Parent Currency (stored)
Consolidation
FCCS_Contribution
FCCS_Elimination
FCCS_Proportion
FCCS_Entity Total
FCCS_Entity Input
FCCS_Entity Consolidation
23. April 2-6, 2017 in Las Vegas, NV USA #C17LV
FCCS vs HFM – Dimensionality (cont.)
Data Source (System)
FCCS_Data Input
FCCS_Journal Input
FCCS_Supplemental Data
FCCS_Intercompany Eliminations
….
Movement (System)
FCCS_ClosingBalance
FCCS_TotalOpeningBalance
FCCS_Mvmts_Total
FCCS_CashFlow
FCCS_CashChange
Origin/SourceType, etc. (Custom)
GL
Journal
Data Form
Eliminations
….
Movement/Flow/RF, etc. (Custom)
ENDBAL
OPEBAL
ACT
CTA
….
24. April 2-6, 2017 in Las Vegas, NV USA #C17LV
FCCS Pre-built Calculations
Net Income to RE Current Roll Forward
25. April 2-6, 2017 in Las Vegas, NV USA #C17LV
FCCS Pre-built Calculations (cont.)
Historical Override
Consolidation Dimension
Currency Dimension
26. April 2-6, 2017 in Las Vegas, NV USA #C17LV
FCCS vs HFM – Translation
EOMRate = Balance
AvgRate = Flow
Opening Balance (Translated) = Closing
Balance (Translated) prior period
Movements = PVA method and Average Rate
EOMRate: Balance Sheet
AvgRate: Income Statement
Custom translations
27. April 2-6, 2017 in Las Vegas, NV USA #C17LV
FCCS vs HFM – Elimination
Is ICP = Y
Plug Account
Intercompany Account = IC_Acc_Yes
Plug Account
28. April 2-6, 2017 in Las Vegas, NV USA #C17LV
FCCS – Metadata via Smart View
2
1
3
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Session ID: 10621