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How Finance is Adopting Analytics, and Reacting to Changes in the Marketplace

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Emtec Finance and Technology Summit Presentation: Keynote with Jack Berkowitz
Vice President, Product Management, Business Analytics,
Oracle Corporation

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How Finance is Adopting Analytics, and Reacting to Changes in the Marketplace

  1. 1. Copyright © 2015 Oracle and/or its affiliates. All rights reserved. | How Finance is Adopting Analytics, and Reacting to Changes in the Marketplace Jack Berkowitz Vice President Product Management Business Analytics Oracle Corporation 1
  2. 2. Copyright © 2015 Oracle and/or its affiliates. All rights reserved. | 2 Digital Disruption
  3. 3. Copyright © 2015, Oracle and/or its affiliates. All rights reserved. | "By 2018, one third of the top 20 market share leaders will be significantly impacted by new competitors that use digital disruption to create new services and business models.” - IDC Predictions 2014
  4. 4. Vertical capabilities and best practices could typically reduce initial consulting costs by 65 percent while accelerating the time to value by 57 percent - Nucleus Research Vertical Solutions drive greater Value in Analytics
  5. 5. Copyright © 2015, Oracle and/or its affiliates. All rights reserved. | Creating Value from New Digital Technologies Social Business $29+ Billion in social media revenue by 2015 Analytics 59+ Billion in Analytics revenue by 2018 Cloud Services $200+ Billion in cloud services revenue by 2015 Mobile $1+ Trillion in mobile ecommerce revenue by 2017 Powering Growth and Innovation
  6. 6. Copyright © 2015, Oracle and/or its affiliates. All rights reserved. | Cloud Services
  7. 7. Question to Audience #1 Is your company planning to move to Cloud based services in Finance or across other areas of the business? If so, is your Application live?
  8. 8. Copyright © 2015 Oracle and/or its affiliates. All rights reserved. | Speed Trumps Functionality
  9. 9. Copyright © 2015, Oracle and/or its affiliates. All rights reserved. | Finance Sees Value of Cloud Computing Source: Oracle 2014 Top Trends Research
  10. 10. Copyright © 2015, Oracle and/or its affiliates. All rights reserved. | The Most Complete Cloud Applications (SaaS) Platform (PaaS) Infrastructure (IaaS) Data (DaaS) Private Cloud Public Cloud Managed Cloud Deployment choices
  11. 11. • Embedded into every business process • What happened, what’s happening right now, and what will happen next • Strategic , operational, real- time Answers Delivered
  12. 12. • Cross-domain, external and index data brought together seamlessly • Deeper historical trending, analytics and insight More Answers
  13. 13. • Enterprise Planning with Simplicity of the Cloud • Intuitive wizards, starter kits, templates and best practices • Enterprise Grade: Security, High Availability, Scalability • Built in management reporting Planning and Budgeting
  14. 14. Cloud Security Concerns Have Subsided CFO adoption of cloud-based business analytics and financial management more than doubled between 2013 and 2014 - Financial Executives Institute
  15. 15. Finance Leaders • Must develop agile planning processes to respond to changing environment • Connect operational planning with financial assumptions • Leverage the cloud to widen influence with Line of Business Cloud Adoption is Accelerating
  16. 16. Copyright © 2015, Oracle and/or its affiliates. All rights reserved. | Social Business
  17. 17. Question to Audience #2 Are you using Social Collaboration Applications as part of your Financial processes? Which Application?
  18. 18. Social Is All About Collaboration The average worker collaborates with 10 or more people to accomplish daily tasks
  19. 19. • Visual representation of close process status across the organization • Real-time access to close status and summary financial details • Contextual collaboration embedded into applications and business processes for improved productivity Social Collaboration for Period Close
  20. 20. • Address Internal and Statutory Financial Reporting Needs • Narrative Reporting • Streamlined and Secure Processes • Easy Adoption and Microsoft Office Integration • Built-in Dimensional Analytics Enterprise Performance Reporting
  21. 21. Copyright © 2015, Oracle and/or its affiliates. All rights reserved. | Copyright © 2014 Oracle and/or its affiliates. All rights reserved. | Power of Social Collaboration Finance Leaders 31 • Pursue Wisdom of Crowd in revenue planning • Expand qualitative commentary in management reporting process • Partner with CMO to monitor reputation risk and impact on operating assumptions
  22. 22. Copyright © 2015, Oracle and/or its affiliates. All rights reserved. | Mobile
  23. 23. • Simplify the user experience • Data-driven navigation offers a data rich graphical interface • Understand and interpret data in a clear informative way • Gain additional insight through visualization Better Insight through Visualization
  24. 24. • Mass personalization • Exploration templates • Content specific visualization • Integrated mapping • Voice recognition and authoring Most Secure and Simple Mobile Experience
  25. 25. Copyright © 2014 Oracle and/or its affiliates. All rights reserved. | More Mobile Stakeholders 28 Finance Leaders • Re-design board communications • Make processes portable • Drive data into daily decisions
  26. 26. Copyright © 2015 Oracle and/or its affiliates. All rights reserved. | Moving Forward
  27. 27. Copyright © 2015 Oracle and/or its affiliates. All rights reserved. | Strategy for SaaS Leadership • Create a portfolio of unmatched breadth and depth • By building, acquiring, and partnering • To deliver solutions that create business value in the short, medium, and long term • In the most critical enterprise application markets PaaS IaaS DaaS SaaS
  28. 28. Copyright © 2015 Oracle and/or its affiliates. All rights reserved. | Accelerate Innovation Increase Insight Improve Productivity •Role-based dashboards •Consumer grade UX •Optimized across devices •Embedded collaboration •Automated processes & workflows •Configure not customize •Extensible, with PaaS •Standardized best practices •Broad country/industry coverage • Actionable insight • Embedded analytics • Real-time reporting/analysis • Broad and integrated EPM •2-3 releases per year •Customer, fact driven investments •Rapid implementation templates •Incremental adoption ERP Cloud Value Proposition Simplify & Standardize
  29. 29. Copyright © 2015 Oracle and/or its affiliates. All rights reserved. | Platform as a Service and Infrastructure as a Service Unified Modern Cloud Foundation Social Network Mobile Analytics, Dashboards & Big Data Integrations Line of Business & Employees Executives Finance & Operations Information Technology Financials Procurement Project Portfolio Management Enterprise Performance Management Order Capture Revenue & Collections Strategic Sourcing & Contracts Costing & Inventory Governance, Risk & Compliance Industry Solutions and Country Localizations The Complete Solution for the Modern ERP
  30. 30. Copyright © 2015 Oracle and/or its affiliates. All rights reserved. | Development Themes for the Next 12 Months HCM • Digital LMS • Global & Vertical • WorkLife CX •Loyalty Management • Industry Solutions • ICS & Analytics ERP •Public Sector Industries •Globalization •Revenue Management EPM • Narrative Reporting • Operational Planning Processes • Financial Consolidation & Close SCM •Order Management flows •Discrete Manufacturing •Planning Personalized Connected Secure Analytics • Operational and Strategic analytics • Predictive and Prescriptive analytics • Cloud and On Premise data sources
  31. 31. Copyright © 2015 Oracle and/or its affiliates. All rights reserved. |
  32. 32. Copyright © 2015 Oracle and/or its affiliates. All rights reserved. | Safe Harbor Statement The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle’s products remains at the sole discretion of Oracle.

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