Recorded at Kscope 21 Hosted by: Geordan Drummond (Alithya) , Nick Boronski (Oracle), Tim Gaumont (Oracle)

1. Visit our virtual booth daily from 1:40 – 2:20 PM
Complete the
daily game
challenges
for Kscope
Kode to win!

2. Matchmaker, Make Me a Match:
Can Account Reconciliation’s intercompany
match-making tools be a perfect match for you
Mon. Jun 28th, 2021
Nick Boronski, Tim Gaumont, and Geordan Drummond

4. Matchmaking Looks a
Little Different Now

5. What if intercompany matching was as
easy as “Swipe Right / Swipe Left”?
I/C
Receive.
10,000

6. Agenda
• Why is intercompany data so tricky?
• How does Oracle EPM Cloud solve this issue?
• When should I prioritize intercompany matching?

7. Speakers
Nick Boronski
Oracle
EPM Solutions Engineer
Tim Gaumont
Oracle
Sr. Director, Product
Management
Geordan Drummond
Alithya
Product Manager
Kscope Kode Challenge Code: MATCHMAKERKSCOPE21

8. EPM Complements ERP
• Core General Ledgers typically contain
some built-in intercompany processing
• Examples: Intercompany Hub in Cloud ERP,
AGIS in EBS, etc.
• Good for single ledger, non-complex
matching
• Requires an efficiently rolled out ERP
• Simplicity with Cloud ERP
Example within Oracle Cloud ERP

9. When does intercompany get tricky?
I/C
Payable
10,000
I/C
Receive.
10,000
• Multiple, disconnected data
sources
• Granularity and ‘cleanliness’ of
data
• Requires enrichment
• Complexity in matching rules
• Multi-currency
• Lack of standardization
• Ever-increasing volume

10. A Cumbers me, Br ken Pr cess
Companies perform
intercompany matching in:
• Ledger
• Excel

11. Companies perform
intercompany matching in:
• Ledger
• Excel
• Only at balances, not
transactional detail
A Cumbers me, Br ken Pr cess

12. Companies perform
intercompany matching in:
• Ledger
• Excel
• Only at balances, not
transactional detail
• Complicated solutions
that charge by volume
A Cumbers me, Br ken Pr cess

13. Picking Up the Pieces
How Oracle EPM Cloud Can Help

14. Matching with Oracle EPM Cloud

15. Matching with
Oracle EPM Cloud
• Powerful, data-agnostic
integrations
• Unlimited attributes
• Configurable rules requiring no
scripting
• Connected solution with ERP and
EPM
• Intelligent Process Automation

16. Multiple and Modular Approaches
• Example: Profiles built per combination
• Security
• Centralized v. Decentralized approach

17. Multiple and Modular Approaches
• Example: Profile contains
multiple combinations
• Centralized v.
Decentralized

18. Multiple and Modular Approaches
Take advantage of
unlimited attributes
Configurable rules
Varied Rule Types:
1 to 1
1 to Many
Many to 1
Many to Many
Adjustment

19. Close with Confidence
Comprehensive Financial Close
Financial consolidation
Reconciliations and compliance
Tax provision and reporting
Close process orchestration
Transfer pricing
Intelligent process automation
Narrative reporting and disclosures
Connect all
planning
Close with
confidence
Reinvent
analytics &
reporting
Outperform with
intelligence
Operations
Marketing
Sales
Finance
HR IT
Align enterprise
data

20. Let’s Talk About
Intercompany
I/C

21. Typical reasons for mismatches
• Timing issues
• One side booked before end of month but
has not been received by the other side
• Translation differences
• Rates may not be consistently applied by
both sides of the transaction
• Booked incorrectly
• Entry may hit an account that is not
designated for intercompany
• Entry may not include trading partner details
• Missed items
• Simple omissions in entries

22. Understanding the ICP Dimension in
Financial Consolidation
• Generated in conjunction with the Entity
dimension – flagged at lowest level
• Captures intercompany values at the trial
balance (activity) level
• Allows for matching of reciprocal values
• Enables the mapping of data from multiple
sources into a common dimensional structure
• Facilitates eliminations with an audit trail of
values by partner
• Can also be used to track transactions with
other parties that do not need to be
eliminated

23. Other I/C Elements in Financial Consolidation
• Relevant I/C members are flagged within Account dimension
• Plug Accounts are assigned
• This should match what is configured within the G/L
• The combination of the two of these facilitates both the matching and
elimination process

24. I/C Matching Configuration
• Matching can be done by plug
or specified accounts
• Can be focused or broad
based for analysis
• Other dimensions can be
included or excluded as
needed for reverence
• Additional display options for
threshold based suppression,
reversals, and format

25. Better Together
• Ultimately the reconciliation detail is
needed to resolve true differences
• The intercompany matching report then
helps confirm any residual values that
are rolling through the statements
• In FCC this should align with TM (since
FCC has the Periodic activity)

26. Better Together
• The aggregate value of all unmatched
transactions will equal what is shown in
the compliance view
• This should match the plug amount in
consolidation
• This is a useful investigative tool during
the close process

27. Iterative Process
• Transactions matched between sources
• Initial G/L values loaded
• Matching may be identified within the
consolidation process
• Adjustments can be made and loaded back to
the ledger
• Data can be reloaded and reconsolidated
• Rinse and repeat until differences are resolved
or supported

28. User Interaction
• Use Navigation Flows to create a
seamless process
• The reconciliation elements can
be surfaced alongside the FCC
components
• Task Manager integrations can
also be leveraged to either
automate or track the
reconciliations as part of the
overall close process

29. Getting the timing right

30. When should I consider intercompany
matching?
• Connected pieces
• Smooth Account Reconciliations makes closing the
books easier
• Understanding what’s available in the data (and
what will need to be enriched)
• Volume of intercompany activity
• Single vs multiple source systems
• Modularly implement rules

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Don't Miss Our 12 Sessions at Kscope21! Alithya is a platinum sponsor of Kscope21
> Mike Killeen & Zubin Shah, Alithya
6/21/21 | 1:40 - 2:20 PM
> Geordan Drummond, Alithya
6/22/21 | 12:40 - 1:40 PM
> Seema Shah; Nick Boronski, Oracle, & Lee Divers, State Street
6/23/21 | 12:40 - 1:40 PM
> Ryan Ward & Sara Beth Good, Alithya
6/23/21 | 2:20 - 3:20 PM
> Andrew Laferla, Alithya & William Harned, MUFG Union Bank
6/24/21 | 11 AM - 12 PM
> Alecs Mlynarzek & Vatsal Gaonkar, Alithya
6/24/21 | 2:20 - 3:20 PM
> Kevin Black, Alithya & Robert Kursten, Viasat
6/25/21 | 12:40 - 1:40 PM
> Geordan Drummond; Nick Boronski & Tim Gaumont, Oracle
6/28/21 | 4 - 5 PM
> Kevin Black; Matthew Jacobsen, WillScot Mobile Mini
6/29/21 | 4 - 5 PM
> Alecs Mlynarzek, Alithya & Caroline Dill, General Dynamics IT
6/30/21 | 11 AM – 12 PM
> Alecs Mlynarzek & Geordan Drummond, Alithya
6/30/21 | 12:40 - 1:40 PM
> Andrew Laferla, Alithya
6/30/21 | 2:20 - 3:20 PM