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Planning and Budgeting in the Cloud: A Finance Success Story with Oracle EPM

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Many executives wonder if they can rely on a cloud-based performance management solution to improve their financial close and forecasting processes.

Carrix Inc., the world’s largest privately owned marine and rail terminal operator, enabled growth by using Oracle Planning and Budgeting Cloud Service (PBCS) for all budget preparation and reporting.

Gordon Hofman, Vice President of Finance at Carrix, and Tony Coffman, Director of EPM at Perficient, shared tips and other information you need to make the case for your EPM cloud project.

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Planning and Budgeting in the Cloud: A Finance Success Story with Oracle EPM

  1. 1. PLANNING AND BUDGETING IN THE CLOUD A Finance Success Story with Oracle EPM twitter.com/PRFT_Oraclelinkedin.com/company/perficientfacebook.com/perficient
  2. 2. 2 ABOUT PERFICIENT Perficient is the leading digital transformation consulting firm serving Global 2000 and enterprise customers throughout North America. With unparalleled information technology, management consulting, and creative capabilities, Perficient delivers vision, execution, and value with outstanding digital experience, business optimization, and industry solutions.
  3. 3. 3 PERFICIENT PROFILE • Founded in 1997 • Public, NASDAQ: PRFT • 2014 revenue $456.7 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 • >2,600 colleagues • Dedicated solution practices • ~90% repeat business rate • Alliance partnerships with major technology vendors • Multiple vendor/industry technology and growth awards
  4. 4. 4 PRESENTERS Gordon Hofman Vice President, Finance Carrix, Inc. Gordon.Hofman@ssamarine.com Tony Coffman Oracle EPM Practice Director Perficient, Inc. Tony.Coffman@Perficient.com
  5. 5. 5 PERFICIENT’S ORACLE EPM PRACTICE • EPM Strategy & Assessments • Financial Close Suite / Planning Suite • Planning Budgeting Cloud Service (PBCS) • Enterprise Performance Reporting (EPRCS) • Data Relationship Management (DRM/DRG) • Profitability & Cost Management (HPCM) • Infrastructure & High Availability Service Offerings • Oracle Platinum Partner • EPM Practice Founded: 2002 • Projects: 800+ • Mgmt Team: 13+ years • Oracle Authorized Education Center • SupportNet Managed Services Fast Facts Specializations
  6. 6. 6 TRENDS THAT IMPACT YOUR ORGANIZATION Responsive Design Mobile form factors (phones, tablets) drive the expectation of access anywhere, with full fidelity, on any platform – for important apps and even your intranet Cloud / SaaSTools “Out-of-the-box” services are becoming available as products with license subscriptions, slashing development time and impacting TCO models Consumerization of IT The demand for consumer-level quality of devices and form factors, software, services, and response times continues to define end-user expectations
  7. 7. 7 EPM CLOUD PBCS EPM Cloud Platform FCCS PBCS-Enterprise EPRCS
  8. 8. 8 PLANNING BUDGETING CLOUD SERVICE
  9. 9. 9 PLANNING BUDGETING CLOUD SERVICE File Excel XML Hyperion Financial Management Oracle EBS, PeopleSoft, JDE, Fusion APPs, SAP R/3 Data Warehouse Data Mart FDM Enterprise Edition EPM Automate Financial Reports Microsoft Office Data Drill-Through Web Interface * Metadata supported for EBS and PSFT
  10. 10. 10 SIMPLIFIED UI • Supports multiple themes and background • Easier adoption with intuitive mobile-friendly interface • Admin Console • Plan type and dimension management • Import export dimensions and data • Job and schedule management
  11. 11. 11 FINANCIAL PLANNING CYCLE
  12. 12. 12 ABOUT SSA MARINE • HQ in Seattle, Washington • Marine Cargo Handling Companies Industry • Privately held • Operations in 9 countries • 150 companies / 200 locations / 6 segments • ~50 joint ventures • 10 day close for month end • 80 day close for year end • Annual forecasting • Proprietary ERP Panama Chile Colombia Mexico United States New Zealand Vietnam Canada South Africa Alaska Locations
  13. 13. 13 CHALLENGES Reporting • All reports done in Excel • > 100 pages monthly reporting package for parent company • Many “monthly” additional reporting packages to produce • Budgeting and forecasting model over 200MB • Model built for only one business segment Organizational • Complex organizational structure • Multiple reporting structures • Many unique operations • Limited internal resources • Limited support from C-Suite
  14. 14. 14 WHY PBCS? Planning, Budgeting, and Cloud Service • Alleviates the need to have a large amount of data in one file • Allows for multiple organizational structures with easy transition between the structures • Easy to build multiple formats for forecasting • Facilitates quick analysis between historical results, current results and forecasts • No significant reliance on internal IT support • Very scalable
  15. 15. 15 PROJECT SCOPE • Replace current Excel-based reporting and consolidation models • Collect Actuals from JV partners and automate loading to PBCS • Load Job Cost data from iSeries ERP for analysis • Create both fiscal and calendar years views • Develop roll forward web forms in a centralized location to calculate Cash Flows • Develop projection templates based on historical data and forward looking assumptions • Configure application-level security based on user groups and/or roles
  16. 16. 16 MULTIPLE ORG STRUCTURES
  17. 17. 17 SCENARIOS
  18. 18. 18 JOINT VENTURE DATA LOADS WITH VARYING YEAR-ENDS
  19. 19. 19 ROLL FORWARD WEB FORMS
  20. 20. 20 ROLL FORWARD WEB FORMS
  21. 21. 21 CASH FLOWS – MONTHLY CALCULATION & ANNUAL REPORT
  22. 22. 22 FORECASTING TEMPLATES
  23. 23. 23 WORKFLOW
  24. 24. 24 QUESTIONS Type your question into the chat box
  25. 25. 25 OVERCOMING 5 BARRIERS TO DIGITAL TRANSFORMATION Nigel Fenwick VP, Principal Analyst Forrester Research Register Today! Overcoming 5 Barriers to Digital Transformation WEBINAR: Thursday, February 11th, 1:00 - 2:00pm CT Registration URL: http://bit.ly/PerficientDTWebinar Michael Porter Managing Principal Perficient Speakers

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