Con9534 fusion financials

Oracle Fusion Financials
Masterclass
Linda Wong
Fusion Financials Strategy

Agenda

 What do customers want from Fusion

Financials?
 And how do they get it right?

2

Copyright © 2013, Oracle and/or its affiliates. All rights reserved.

WHAT DO CUSTOMERS WANT
FROM FUSION FINANCIALS ?
3


Insert Information Protection Policy Classification from Slide 16

“We selected Oracle Cloud ERP Services, and specifically
have started with the Fusion Financial model, based on three
key factors for ourselves. First is the analytics and reporting;
the embedded business intelligence and the way that will
support our business, as a data-driven business, is pretty key
for us.”
Lending Club

4



“I was actually really impressed with the reporting
capabilities and immediately realized this was the answer
to our reporting challenge.”
PGA (Professional Golfers’ Association of America)

5



“We’re very happy with the options of how we visualize our
accounting balances in real time. We now have more flexible
reporting, faster reporting, and an environment that more
easily permits user self-service reporting.”
Oracle

6



“The reporting capabilities that are in the Fusion
platforms are really extensive, and they cover everything
from the supply chain capabilities to the finance
organization, so right out of the box we can meet most of
our reporting requirements by using the Fusion
platforms.”
Land O’Lakes

7



Reporting

8



HOW do I want to
present my data

Reporting

WHAT am I reporting
on

WHO needs to see
this information

9


Boardroomquality
management
reports

HOW do I want to
present my data

Ad-hoc
transactional
reporting

Spreadsheet
integration

10


Financial Reporting
Boardroom-quality management reports
Self-service reports in
your choice of format

Interactive data selection
Real-time information with
drilldown to details
Formulas, calculations,
charts and graphs

11


Oracle Transactional Business Intelligence
Ad-hoc transactional reporting
User-created custom
queries and reports on
real-time transactional data

Drilldown to details

Pre-packaged samples
and content
Calculations, charts and
graphs

12


Spreadsheet Integration
Multi-dimensional reporting
using familiar tools
Real-time integration to
Fusion General Ledger
balances

Drilldown to details
Drag-and-drop data
selection

13


Defining a chart of accounts

WHAT am I
reporting on?

Using hierarchies
Creating ledgers

Setting up business units

14


companies

regions
industries
departments

subsidiaries

countries

lines of business

Your
Organization

15


projects

products

accounts

reporting hierarchy

16


management hierarchy

last year’s reporting hierarchy

17


this year’s reporting hierarchy

$ 2500
$ 1500

$ 700
$ 800
$ 500
$ 300

$ 600
$ 400
18


Customer Example
Internal management
reporting hierarchy

Regulatory reporting
hierarchy

Hierarchy 1

Hierarchy 2 v1

100

005
101-199

006

200

101
201
301
401
601
701

201-299
300
…..
400
500
600
700
800
900

19


007
501
801

Allocations

Hierarchy 2 v2
005
006
101
201
301
401
601
501
801
701

Hierarchy 3
ALL
101
102
103
104
105
106
…..
…..
801
802
803 etc

Company A
Primary ledger

Chart of Accounts
mapping

Reporting currencies

20


Company A
Secondary ledger


Common
COA and Calendar

Consolidation via
Financial Report

Company C
ledger
Company B
ledger
Company A
Primary ledger

Chart of Accounts
mapping

21


Company A
Secondary ledger


Common
COA and Calendar

Corporate
Primary ledger

Company C
ledger
Company B
ledger

Consolidate via
Balance Transfer

Company A
Primary ledger

Chart of Accounts
mapping


22


Company A
Secondary ledger


Overview of ledger
hierarchy for your
organization

23


Overview of ledger
hierarchy for your
organization
View close status
of general ledger
and subledgers

24


Overview of ledger
hierarchy for your
organization
View close status
of general ledger
and subledgers

Contact details and
social integration
embedded within the
process to investigate
and resolve issues

25


Overview of ledger
hierarchy for your
organization
View close status
of general ledger
and subledgers

Contact details and
social integration
embedded within the
process to investigate
and resolve issues
Trial Consolidated
P&L for each level
of the hierarchy

26


Transactions

27


Business Unit

Ledger

Customer Example
US Dollar
Primary Ledger

Regional
Holdings LLC

North America
BU

Australian Dollar
Primary Ledger
Australia Branch
BU

Indonesian Rupiah

Primary Ledger

Indonesia BU

Euro
Primary Ledger

CFP Franc
Primary Ledger

France BU

Tahiti BU.

Brazilian Real
Primary Ledger

Africa BU
US BU
Japan BU

Australasia BU

Ledger
Business Unit

28


South America
BU

User roles and data
access
WHO needs to see
this information?

29


Chart of Accounts
security

Job role:

User roles and data
access

What tasks or jobs
can a user perform
Data role:
What data can a
user access

30


Corporate
Financial
Controller

France
Primary Ledger
(corporate COA in Euros, USD)

Financial
Controller for
France Subsidiary

France
Secondary Ledger
(local COA in Euros)

31


French
Business Unit
Manager

Segment Security
Rules
Chart of Accounts
security

32


Cross-Validation
Rules

You should standardize on a single
corporate Chart of Accounts.

LEDGERS best
practices &
recommendations

If you have a global Chart of Accounts for all
countries, you may use reporting currencies
rather than secondary ledgers.
If you need local statutory reporting plus
corporate operational reporting, you can use
secondary ledgers to support a different
COA.

If your ledgers share the same COA and
Calendar, you can group them into a Ledger
Set for shared operations (e.g. close,
allocations, reporting).

33


BEFORE setting up hierarchies, consider
your requirements for financial reporting,
allocations, cross validation rules,
revaluations, and chart of accounts mapping.

HIERARCHIES best
practices &
recommendations

THEN define hierarchies based on those
requirements.
Define multiple versions of a hierarchy, and
different hierarchies for different purposes
by using multiple trees.
Hierarchies that are used in financial
reporting and allocations must be published
to Oracle Essbase, and re-published
whenever updates are made to the
hierarchy.

34


Use the out-of-the-box job roles to preserve
the integrity of duties during upgrades.

SECURITY best
practices &
recommendations

Use data roles to control access to ledgers and
business units.
If you have several companies operating in a
single ledger and their operations are shared
you may opt to implement fewer business
units.
If you have several companies operating in a
single ledger and their operations are
segregated, use multiple business units and
segment security rules.

35


Agenda

 What do customers want from Fusion

Financials?

Reporting
 And how do they get it right?

Understand How,
What and Who
36


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