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What's New in Oracle EPM Cloud

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Unable to attend Oracle OpenWorld to learn about the latest developments in Oracle EPM Cloud? It can be difficult to keep abreast of all the changes in this evolving landscape, but we’ve got you covered.

In our webinar, Perficient’s Oracle EPM leadership explored the current cloud offerings and what’s around the corner. Whether you are in IT or finance, your colleagues are driving digital transformation by including cloud in their performance management strategy.

Discussion covered:

-In-depth review of the Oracle EPM Cloud suite
-How the products can be integrated
-How SaaS products compare to on-premises editions
-Benefits of cloud strategies

Published in: Technology
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What's New in Oracle EPM Cloud

  1. 1. What’s New in Oracle EPM Cloud
  2. 2. Santhosh Nair General Manager, Oracle EPM Santhosh.Nair@Perficient.com Tony Coffman Practice Director, Oracle EPM Tony.Coffman@Perficient.com
  3. 3. 3 • About Perficient • EPM Practice Highlights • Available, Recent & Roadmap • Planning & Budgeting • Analytics • Integrations • Financial Close Suite • Questions and Answers Agenda
  4. 4. 4 About Perficient Perficient is the leading digital transformation consulting firm serving Global 2000 and enterprise customers throughout North America. • Public, NASDAQ: PRFT • 2015 revenue $473.6M • 3,000 colleagues • Oracle National Practice • 15 Oracle Specializations • ~95% repeat business rate
  5. 5. 5 Comprehensive Oracle Cloud Oracle EPM Capabilities Financial Close • FCCS/HFM, ARCS/ARM, ERPCS Budgeting & Forecasting • EPBCS/Planning • EPBCS Quick Start • Public Sector (PSPB) Reporting & Analytics • BIFS + Essbase • Profitabiity & Cost Mgt (HPCM) Data Relationship Management/DRG Infrastructure Training & Education Oracle EBS Capabilities: • Financials • Purchasing/Adv. Procurement • Project Accounting • Order Mgmt/Distribution • Manufacturing/Supply Chain • Service & Support • Human Capital Mgmt. • MDM Hubs • EBTax & Vertex • PMO/ Program Management • Custom Development • SOA/Fusion Middleware • Integration Cloud Service • SupportNet Oracle CX Capabilities • Marketing Cloud • Sales Cloud • Service Cloud • Siebel • Self Service & Portal • Mobilty • Social Relationship Mgt • Industry Domain Expertise • Program Management • Blueprint Refinements • Metrics Benchmarking • SupportNet Oracle BI Capabilities • OBIEE • Oracle BI Apps. • Custom Data Warehouse Services • Master Data Management • Data Integration & Discovery • Enterprise Healthcare Analytics • Exadata • Exalytics • Mobile BI • Big Data • SupportNet 15 Oracle Specializations Oracle Excellence Award Winner Strategic Assessments & Roadmaps Implementations & Upgrades Cloud Strategy Oracle EPM Oracle ERP Oracle BI Oracle CX
  6. 6. 6 Perficient’s EPM Practice Fast Facts • Practice Launched: 2002 • Projects Completed: 1000+ • Management Team: 14 years • Oracle-authorized education center - Hyperion Education • SupportNet Managed Services - Support Services Solutions Expertise • EPM strategy and assessments • Financial close & consolidations • Cloud & on-premises solutions • Reporting & analytics • Data relationship management • Account reconciliations • Profitability & cost management • Infrastructure & high availability Oracle Specializations
  7. 7. 7 Perficient’s Oracle Authorized Education Change Management • Customized Training Solutions • User Productivity Kit (UPK) Knowledge Transfer • Documentation • Standard Operating Procedures Software Training • Oracle University (OU) Courses • Tailored, Instructor-Led Training Mentoring • Train-the-Trainer • One-on-One
  8. 8. EPM Cloud Overview
  9. 9. 9 The following is intended to outline Oracle’s general product direction. It is intended for informational 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. Safe Harbor Statement
  10. 10. 10 CFOs Embrace Moving Financial Apps to the Cloud
  11. 11. 11 EPM Modules Currently Available • Enterprise Planning & Budgeting Cloud Service (EPBCS) • Planning & Budgeting Cloud Service (PBCS) • Financial Consolidation & Close Cloud Service (FCCS) • Enterprise Performance Reporting Cloud Service (EPRCS) • Account Reconciliation Cloud Service (ARCS) Oracle EPM Cloud Overview
  12. 12. 12 Oracle EPM Cloud by the Numbers Built on over 15 years of Product Innovation Clients across industries Financial Services,Higher Ed, Consumer Goods, Retail, Services, High Tech, Public Sector 1,982 Subscriptions to date 104,681 End Users and growing! Available and Supported Globally 24 X 7 X 365 First Product Launched: February 2014 (5 products to date) ⁺ Source: Oracle Corporation as of 13 Sept2016
  13. 13. Planning & Budgeting
  14. 14. 14 Oracle Enterprise Planning & Budgeting Cloud Service (EPBCS) Revenue • Configurable ‘framework’ for revenue/gross margin planning • ‘Flex Dimensions’ such as product, market, customer, etc. Expense • Configurable ‘framework’ for drivers-based & trends-based planning • Pre-built, best practice expense drivers • Optional pre-built integration with workforce & capital processes Balance Sheet • Full integrated with Income Statement & Cash Flow • Configurable for industry-specific requirements Cash Flow • Fully integrated Cash Flow focusing on Cash from Operations • Both ‘direct’ & ‘indirect’ cash flow methods supported $
  15. 15. 15 Oracle Enterprise Planning & Budgeting Cloud Service (EPBCS) Standard Plan Types Out-of-Box Business Processes + 4 ReportingCubes UnlimitedReporting Planning 1 Planning 3 Planning 2 Financials Projects Workforce Capital PBCS EPBCS
  16. 16. 16 Best Practice Planning OOTB – Drivers & KPIs – Calculations – Forms – Reports – Dashboards – Integrated • Automatically upgraded by Oracle Oracle Enterprise Planning & Budgeting Cloud Service (EPBCS)
  17. 17. 17 Strategic Modeling: • Redesigned for cloud & web • “What if” modeling to support cash flow and impact analysis • Functionality to support M&A scenarios • Fast in-memory calculations • Integrated reports and charts • Business user-driven strategic models • Fully integrated with EPBCS • Migration path for on-premises HSF clients Oracle Enterprise Planning & Budgeting Cloud Service Annual Plan and Long-Range Plan Combined in the Cloud Cloud Ready Model Any Business Process Owned by Business Users
  18. 18. Analytics
  19. 19. 19 • Access to Essbase Capabilities – BSO/ASO/hybrid databases – Flexible dimensionality – Dynamic formulas – Calc scripts – Data uploads • Smart View connectivity • Browser-based UI • Integration with Oracle BICS Oracle Essbase Cloud Service Software-as-a-Service Platform-as-a-Service Infrastructure-as-a-Service
  20. 20. 20 • Cloud-Only Features – Sandboxing – Scenario management – Design-by-example templates – Excel import/export • Administration – Database statistics – Manage connections – Locks – Security Oracle Essbase Cloud Service
  21. 21. 21 • Narrative-based management and reporting • Authoring, collaboration, commentary and delivery • Robust report development lifecycle management • Seamlessly leverage existing documents, data • Sources and reporting content • Secure: Role-based, auditable access on desktop and mobile devices Oracle Enterprise Performance Reporting Cloud Service (EPRCS)
  22. 22. 22 What’s Coming? • Cloud EPM Reporting Hub – Cross-pod – Designer – Multi-grid – RP integration • Version Compare • PPT report packages – Embedded content – Variables • Regulatory reporting – Tagging, validation, generation – XBRL/iXBRL Oracle Enterprise Performance Reporting Cloud Service (EPRCS)
  23. 23. 23 • Build, maintain, change, and analyze allocations, cost, and profitability • Calculate cost, profit, and other KPIs by customers, products, services, channels, geography, etc. • Simplify GL by holding data not relevant to statutory reporting (e.g. transfer pricing, detailed profitability information) • Profit curves and dashboards quickly and visually highlight profit outliers Oracle Profitability and Cost Management Cloud Service (PCMCS)
  24. 24. Integrations
  25. 25. 25 File data transformation required – Source includes dimensionality different from target Hyperion apps as source or target Workflow and Audit – Manage and control data from multiple sources Drill-through required/desired – Open source file – Drill through via URL Data Management When to Use:
  26. 26. 26 • Chart of Accounts mastering across Oracle ERP Cloud & Oracle EPM Cloud • Dimension editing • Dimension sharing across applications • Application on-boarding to consolidate sources • Support for Hybrid Cloud and on-premises deployments Oracle Dimension Management Cloud Service
  27. 27. Financial Close Suite
  28. 28. 28 Issues Often Constraining the Consolidation & Close Process MANUAL PROCESSES INCOMPLETE INFORMATION AUDIT ISSUES LIMITED VISIBILITY SECURITY QUESTIONS LACK OF GOVERANCE
  29. 29. 29 What’s in the Box? • Dashboards • Control Elements • Currency FX • Data Management • New dimensions: Movement Data Source • 2 Custom dimensions Oracle Financial Consolidation & Close Cloud Service (FCCS)
  30. 30. 30 View and Manage the Close Process
  31. 31. 31 Supplemental Data with Drill Back
  32. 32. 32 Centralized Audit Information
  33. 33. 33 What’s Coming? Enhancements for Complex Consolidations • Alternate hierarchies • Proportional consolidations • Custom calculations • Extensible dimensionality Oracle Financial Consolidation & Close Cloud Service (FCCS)
  34. 34. 34 Oracle Account Reconciliation Cloud Service (ARCS) All the great functionality in On Premise ARM plus: • Simplified tablet user interface • New analytics covering operational performance and compliance • Supporting “social interactions” around reconciliations • Quick deployments – Pre-defined content – Flexible integrations
  35. 35. 35 ARCS will have two modules/applications: • Reconciliation Compliance • Tracks and manages performance of global reconciliation processes and manages compliance requirements • Transaction Matching • Automates performance of reconciliations requiring matching transactions across one or more datasets Oracle Account Reconciliation Cloud Service (ARCS) Account Reconciliation Cloud Service Transaction Matching Reconciliation Compliance
  36. 36. 36 Oracle Tax Reporting Cloud Service Workflow & Task Management TaxProvision & Country-by-Country Supplemental Data Dashboard
  37. 37. 37 Comprehensive Tax Reporting solution: • Integration: – ERP Cloud - ‘Fusion Tax’ integration supports “Total Tax” analysis – FCCS/HFM – PCMCS (Transfer Pricing) – EPRCS (Country-by- Country) • HTP migration utility • Roadmap: Tax Planning Oracle Tax Reporting Cloud Service
  38. 38. 38 • Narrative management reporting & XBRL disclosures • XBRL tagging in MS Office • XBRL validation and output generation • Taxonomy management • EDGAR and iXBRL support XBRL Reporting
  39. 39. Questions Type your question into the chat box
  40. 40. 40 Next up: [Webinar] Why Business Is Better in the Cloud Thursday, October 20th [Webinar] Oracle Project Financial Management Cloud Tuesday, November, 15th Follow Us Online • Perficient.com/SocialMedia • Facebook.com/Perficient • Twitter.com/PRFT_Oracle • Blogs.perficient.com/Oracle
  41. 41. Thank You

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