Finit solutions webinar oracle epm what does all this stuff really do 04262013_rev


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Finit Solutions has been working with what was once simply “Hyperion” and is now known as “Oracle Hyperion Enterprise Performance Management” for almost 11 years. Things have expanded and changed greatly in the last several years… more features and many more products. This month we will take a step back and provide an overview on just what all the different products are and what they do best – in plain English. We’ve been working very closely with these products since their inception, so we are glad to provide some perspective on the many applications, their real world uses, and how they can fit together. We will follow this up with brief a review of actual customer examples highlighting how the Hyperion applications have delivered great value.

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  • Finit solutions webinar oracle epm what does all this stuff really do 04262013_rev

    1. 1. www.finitsolutions.comGetting the Most out of EPM:Oracle Hyperion –What does all this stuff really do and how?April 26, 2013Greg Barrett and Joe Mizerk
    2. 2. 2 -Finit IntroductionFinit Solutions specializes in consulting services in the Oracle Hyperion EnterprisePerformance Management Solutions suite of products:Financial Close and Consolidation Financial Management (HFM) Hyperion Enterprise Financial Close Management (FCM) Disclosure Management Account Reconciliation Module (ARM)Integration Financial Data Quality Management (FDM) Oracle Data Integrator (ODI) Enterprise Performance ManagementArchitect (EPMA) Data Relationship Management (DRM) Other (ERPi, EIS, etc.)Planning and Business Intelligence Planning Core Planning Modules (Workforce, CapEx,Project Financial Planning) Essbase (ASO / BSO)Reporting Tools Financial Reporting Smart View / Essbase Excel Add-In OBIEE Financial Management Analytics(OFMA) Web Analysis
    3. 3. 3 -Finit ServicesFinit’s consulting services cover a broad range of implementationand post implementation options.Finit Solutions: Implementation Services– Full cycle implementations– Discovery and Requirements– Global Design– Detailed Design and Build– Testing and Training– Deploy– Infrastructure Services– Data Services (historical data, GL dataintegration)– Project / Program Management– Product Upgrades– Redesign / Enhancements
    4. 4. 4 -Finit AnswersFinit Answers provides the proper support offering for your Business Hyperion Product Expertise: Finit has been offering Oracle Hyperion EPM services and support as acompany since our inception (July 2002) - staffed by our Hyperion Subject Matter Experts. Finit is providing a unique pledge for Hyperion Enterprise Customers: Any Hyperion Enterprise related feescan be applied to a future project to replace Hyperion Enterprise with Finit Solutions. Allow Finit Answers to be your personal Hyperion Insurance Policy Flexibility: We offer a ‘pay as you go’ option (pay for only the time you use) along with several other levelsof support that we can customize to meet your needs:1. Time And Materials Support: You only pay for the time you use (no monthly fees)2. Dedicated Critical Support: Technical Application Support with a guaranteed 2-hour response time3. Remote Consulting Assistance: Ask us to review your HFM Rules, Essbase Calcs, consolidations, FDM Integrations,custom reports, etc.4. Managed Services: Application Administrator Assistance (Primary or Secondary) CONTACT Greg Barrett ( for more informationFinit Solutions Official Support Offering:Answers & Support with Efficient, Responsive Service
    5. 5. 5 -We strongly believe that Service + Solutions = Maximum ValueService Compensation model based upon client satisfaction with consultant’s work,not utilization / chargeability. No external owners and Finit partners are involved in every full-cycleimplementation. Employees, not contractors.Solutions Finit consultants are Hyperion product experts who enjoy designing, buildingand deploying great solutions, applications and processes. Finit works closely with Oracle Hyperion development on product strategyand beta testing.Finit’s Focus
    6. 6. 6 -Finit’s Values
    7. 7. 7 -Our client service approach has led to 100%customer satisfaction for every Finit client (185and counting) for every Oracle Hyperion project(over 325 and counting).Finit’s Client Service
    8. 8. 8 -About the PresenterGreg Barrett (• Ten years Hyperion Experience• FDM, HFM, Essbase, Hyperion Enterprise• Highly Customized Solutions• Project Manager• Partner at Finit
    9. 9. 9 -About the PresenterJoe Mizerk(• 20 years working in Hyperion world• Client, UpStream, Hyperion, Oracle• Former Hyperion Enterprise Administrator• Director at Finit
    10. 10. 10 -Sign up for Kscope13using the FINIT code fora $100 discount onRegistration!
    11. 11. 11 -1. Overview of the various EPM ProductsThe Financial Close Suite (Consolidations)Planning and Forecasting SuiteEverything else and how they all tie together2. How can we best utilize all these products?Finit presents some of our best customssolutionsAgenda
    12. 12. www.finitsolutions.comGetting the Most out of EPM:Oracle Hyperion – What does all this stuff reallydo and how?Introduction to all the various EPMProducts
    13. 13. 13 -• Integrates data from multipletransaction systems• Automates and links strategic andfinancial management processes• Modular, integrated suite• Over 6,000 customers• #1 Market Share (Gartner 2013)Oracle BI FoundationCommon Administration ServicesStrategyManagementFinancial Closeand ReportingPlanning andForecastingProfitabilityManagementHyperion PerformanceManagement Applications
    14. 14. 14 -FinancialConsolidationDataAssurance DocumentManagement& FilingFinancial &Mgmt. ReportingERP:Oracle, SAP,Legacy, OtherFinancial Close ManagementFinance DashboardTaxProvisionTransactions ReportingGovernance, Risk & ComplianceOracle’s Financial Close Suite
    15. 15. 15 -– HFM Plus (Plus means you get reports)– FDM – ERPi• Financial Data Quality Management– FCM w/ARM• Financial Close Manager w/ Account Reconciliation Mgr.– DM - Disclosure Management – Optional– EAL - Essbase Analytic Link– OFMA - Optional• Oracle Financial Management Analytics– Tax Provision Module - OptionalFinancial Close Suite (FCS)
    16. 16. 16 -Hyperion Financial Management(HFM)• Traditional Financial Consolidation– Intercompany– Cash flow– Foreign exchange– Minority interests– Tax provision• Journal Entries• Audit trails & Process control• Unstructured information – Flash reporting withcommentary
    17. 17. 17 -Financial Data QualityManagement (FDM)Audit Trails• 85+ Audit/Check Reports• Store current and historicalmapping definitions, docs• Allow dynamic drill throughto source ERP and filesData Collectionand Transformation• Read and interpret G/L trialbalance files and ERP• Mapping validation againsttarget system dimensions• Data & meta data integritychecking against datavalidation rulesInternal Controls• Source financial documentarchival• Prepackaged audit andinternal control reports• Comprehensive role basedsecurityRepeatableProcesses• Single standard anddefined solution for anytarget application• Standard upward data certification processLoadValidateExportCheck
    18. 18. 18 -FDM Enterprise Edition (FDMEE)New User Interface (
    19. 19. 19 -TASK MANAGEMENTPROCESS MONITORINGACCOUNT RECONCILIATIONSACTIVE CALENDARActive integrationwith EPM andERP systemsExecutive Dashboard ViewsCentralized webbased taskmanagement andcollaborationAutomationthrough matchingcapabilities andintegration with allsourcesFinancial Close Management(FCM)19
    20. 20. 20 -Accounts Reconciliation Manager(ARM)Load BalancesAuto ReconciliationEmail NotificationsPreparationReviewLate NoticesMonitoring• Designed to support accountingreconciliation processes– General Ledger Reconciliations(aka “Balance SheetReconciliations”)– Consolidation SystemReconciliations– Tax Reconciliations– Any other reconciliation thatperforms a periodic validation ofan account balance• ARM solves a compliancedocumentation problem– by managing reconciliationprocesses and storing evidencethat reconciliations occurred
    21. 21. 21 -Disclosure Management (DM)• Offers a complete XBRL creation andmanagement solution• XBRL Taxonomy management, editing andviewing• Enterprise level XBRL mapping that consists of:– Report level mapping within MS Word / Excel,Smart View– Reusable data source metadata mapping withinOracle’s Hyperion Financial Management,Planning and Essbase• Instance document creation, validation andviewing• Full 10k/10q (HTML) support• Utilizes best-in-class technology for XBRL• Utilizes Oracle UCM technology for doc mgmt• New Feature for Press Releases etc. (Variables)
    22. 22. 22 -Essbase Analytics Link (EAL)HFM DatabaseServerLoad external datato the EssbasedatabaseQueriesGLPlanningDWEssbase
    23. 23. 23 -Oracle Financial Management Analytics(OFMA)
    24. 24. 24 -Tax Provision Module (HTP)Financial & Tax ConsolidationSourceSystemsGLTax ReturnAssetsOtherHTPProcess ManagementRules EngineValidationsJournalsAudit TrackingInter-companyHFMData Load RepositoryAudit, Security & ControlDrill-through FDMSource Mappings TargetDisclosureOFMA(TaxAnalytics-PS3) FinancialReporting Smart View Report BooksText/GL/XLSetc.Financial&TaxReportingTax Provision Forms(incl. manual input)Tax AutomationTax Provision ReportsTax Provision DataModelTax Provision Rules
    25. 25. 25 -– Hyperion Planning Plus• Workforce Planning Module• Capital Asset Module• Project Financial Planning• Public Sector Planning• Financial Services Planning– Strategic Finance– Crystal Ball - Optional– FDM– DRM – Data Relationship Management (Steward)-OptionalEnterprise Planning Suite
    26. 26. 26 -– Used to drive collaborative, web based operationalplanning processes throughout the organization– Cost Centers– Business units– Create revenue and / or cost drivers– Detailed product and / or customer views– Iterative Planning, budgeting, and forecasting cycles– Track activity throughout, who is submitted, who isapproved, who is late– Support complex business rules and drivers for amore efficient process with less manual entryHyperion Planning
    27. 27. 27 -Pre-Built for easier & faster deployments:• Workforce Planning Module• Headcount, Salary, Compensation• Capital Asset Module• Additions, Deletions, Transfers• Project Financial Planning• Pre-defined dimension members, forms, business rules,menus, task lists, smart lists, validation rules & projectplanning plan types• Integrated Human & Capital Resource Management• Covers Contract, Capital, Indirect projectsPlanning Modules
    28. 28. 28 -• Public Sector Planning• Unique for Healthcare, Gov’t, and Higher Education• Financial Services Planning• Banks and other pure asset management organizationsOther Planning items:– Exalytics• In-memory Machine for Planning – very fast– Planning in the Cloud• On demand service to be released later in 2013Planning Modules
    29. 29. 29 -Hyperion Strategic Finance (HSF)•High level planning•Long term outlook•Treasury Management•Merger and Acquisition analysis•Capitalization scenario modelingBenefits• Integrate and align strategic and financialplanning• Less dependence on outside advisory firmsfor running scenarios• Consistent experience across entire planningprocess
    30. 30. 30 -Crystal Ball• Functional Summary– Statistical prediction scenarios built intoHyperion Planning– Uses Oracle Crystal Ball Predictor toanalyze historical data and project trendsand patterns into the future• Benefits– Enable business users to leveragestatistical forecasting techniques– Improve accuracy of forecasts and plans– Automatically forecast best and worstcase scenarios in addition to base case
    31. 31. 31 -Data Relationship Management(DRM)• “Best of breed” enterprise dimensionmanagement solution:– Mature product– Strong user base– Technology agnostic• Automation of dimension alignment:– Reduce manual efforts and errors– Increase data quality– Complete audit trail & “roll back”• Business value:– Process alignment and simplification– Simplify system rollouts & maintenance– Close-cycle simplification
    32. 32. 32 -Data Relationship Management(DRM)Gain visibility to the Current StateApply Changes &Model the FutureCompare & MapEnforce RulesIntegrate w/ Systems& ProcessesAudit all Changes
    33. 33. 33 -Hyperion Profitability & Cost Management(HPCM)Functional Summary• Addresses need for detailed profitability andcosts allocated to low levels• Highly detailed multi-step allocations• Complex driver scenariosBenefits• Takes what would formerly be complexcustom solutions and productizes them in anapplication• Granular analysis of costs and profits: Millionsof customers, SKUs, subscribers, products,transactions• Manage cost development and costapplication in a single system
    34. 34. 34 -• OLAP (Online Analytical Processing) Server– Provides an environment for deploying pre-packaged applications or developing customanalytic and enterprise performance managementapplications. Oracle Essbase, along with Oracle BISuite Enterprise Edition Plus, is part of the Oracle BIFoundation.Essbase
    35. 35. 35 -– Adaptable data storage mechanism for specific typesof analytic and performance managementinformation• Flexible and highly usable via a spreadsheet interface• Examples:– Cost Center Analysis– Product Profitability– Sales Analysis– Product Cost Analysis– Departmental or Business unit analytical requestsEssbase
    36. 36. 36 -• Integrates data from multipletransaction systems• Automates and links strategic andfinancial management processes• Modular, integrated suite• Over 6,000 customers• #1 Market Share (Gartner 2013)Oracle BI FoundationCommon Administration ServicesStrategyManagementFinancial Closeand ReportingPlanning andForecastingProfitabilityManagementHyperion PerformanceManagement Applications
    37. 37. www.finitsolutions.comGetting the Most out of EPM:Oracle Hyperion – What does all this stuff reallydo and how?Finit reveals some of our best customsolutions
    38. 38. 38 -Project Details HFM and Planning Implementation Client wanted to keep IC in both applications in syncand fully reconciled at all times Unlike HFM, Planning (Essbase) does not have a builtin ICP Dimension or Elimination Logic Built intercompany eliminations into Planning (noteasy to do, but it is possible) to ensure thatconsolidated data reconciles to HFM and the twoapplications are in sync.Intercompany Eliminations inHyperion Planning
    39. 39. 39 -Challenge Integrate and automate data from HFM/FDM with ‘non-Hyperion’ productsSolution: Created custom .dll that can call EA (Extended Analytics) Created custom table in FDM for users to enterparameters Used that process to extract data into a .txt Text File custom formatted for 3rd-Party SoftwarePushing HFM/FDM datadownstream
    40. 40. 40 -Automating the Movement of data from oneHFM app to another Users run HFM Task-flow to trigger EA extract Data is sent to database, trigger file created in FDM outboxfolder Task manager runs writes data to a text file saved in batchfolder whenever it sees the trigger file File is batch loaded into FDM (and thus HFM) Email is sent notifying of errors or successful load Data tie out sheet is automatically generated and emailed outto select usersThe “Easy Button”
    41. 41. 41 - The ability to write data via Smart View is a role that users either have ordon’t have the ability to do. Budget and Forecast users need this role to be able to submit and modifytheir Budget and Forecast submissions. However, if those same users have access to the Actual scenario they wouldalso be able to modify their Actual data via Smart ViewSOLUTION Used one of the custom dimensions in HFM for ‘Type’ of data load Gave users access to only certain members in that dimension Customized the FDM Adapter to so that the connection being made to HFMwas different based on the dimension we used for Type. Thus, if a user tried to load to the Custom Dimension Member of ‘Forecast’via Smart View she would be permitted, but she would be denied fromloading to ‘Actual’ via Smart ViewShould you allow users to loadActual Data via Smart View?
    42. 42. 42 -HFM and Essbase Project to replace HyperionEnterprise Biggest Challenge = users wanted to look at data in HFM andEssbase in ‘real-time’; i.e. both Apps needed to be current andfully tied out at all times Solution: Customized FDM to do the tie out of HFM andEssbase for us Data is pulled out of both applications, pushed into an FDM locationthat is set up to do the comparison (everything should net to zero) For any account level detail that does not tie an entry is made to loadback into Essbase to ‘force’ the apps to be in sync (HFM is the book ofrecords)The “Squeeze Process”
    43. 43. 43 -Many companies evaluate their results at differentrates (e.g. Actuals at Budget Rates, Actuals at LastYear rates, etc.). Unfortunately, this is can be a very manual processand it takes time to consolidate all those differentscenarios Custom Solution: by using a custom dimension tostore some of this data you can automate much of thework and greatly reduce consolidationsThus, users see the data in ‘real time’ not days after MonthEnd Close is already completedConstant Rate Analysis
    44. 44. 44 -Questions?Email us for acopy of the slides orlink to the recording.Thank you for attending!- > > General Questions Greg Barrett( Joe Mizerk(
    45. 45. 45 -Sign up for Kscope13using the FINIT code fora $100 discount onRegistration!
    46. 46. 46 -1. HFM Solutions for the Tax Group2. Details on the new EPM Release3. EPMA versus Classic Application ManagementPlease contact us to request specific topics you areinterested in…..Upcoming Webinars