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Enterprise Performance Management
- 1. Delivering World ClassEnterprise Performance ManagementRobert HåkanssonEnterprise Performance Management, Sales Representative+46 767 234 292Robert.hakansson@oracle.com
- 2. DisclaimerThis document inany form, software or printed matter, contains proprietaryinformation that is the exclusive property of Oracle. Your access to and use of thisconfidential material is subject to the terms and conditions of your Oracle SoftwareLicense and Service Agreement, which has been executed and with which you agree tocomply. This document and information contained herein may not be disclosed, copied,reproduced or distributed to anyone outside Oracle without prior written consent ofOracle. This document is not part of your license agreement nor can it be incorporatedinto any contractual agreement with Oracle or its subsidiaries or affiliates.This document is for informational purposes only and is intended solely to assist you inplanning for the implementation and upgrade of the product features described. It isnot a commitment to deliver any material, code, or functionality, and should not berelied upon in making purchasing decisions. The development, release, and timing ofany features or functionality described in this document remains at the sole discretionof Oracle.Due to the nature of the product architecture, it may not be possible to safely includeall features described in this document without risking significant destabilization ofthe code.Copyright © 2011, Oracle and/or its affiliates. All rights reserved. 2
- 3. AgendaOverview Enterprise PlanningOverviewWorld Class CloseSolution OverviewContact Oracle TodayCopyright © 2011, Oracle and/or its affiliates. All rights reserved. 3Magic Quadrant for Corporate Performance Management SuitesSource: Gartner (March 2011)
- 4. <Insert Picture Here>OverviewEnterprise PlanningCopyright © 2011, Oracle and/or its affiliates. All rights reserved. 4
- 5. Achieve a WorldClass Enterprise Planning ProcessForecast/model strategic possibilitiesSelect strategiesSet targetsInclude operational detail and model variability of financial planUpdate forecast with latest budget and actualsAssess and Manage RiskEvaluate Financial PerformanceUpdate strategic plan with latest forecastSeed targets to annual operating planStart annual processEvaluate resource and capital requirementsCopyright © 2011, Oracle and/or its affiliates. All rights reserved. 5
- 6. Critical Components toImplement Planning Best PracticesCopyright © 2011, Oracle and/or its affiliates. All rights reserved. 6Predictive Modeling & SimulationWorkforce PlanningLong-Term Financial PlanningFunctional PlansCapital AssetsPlanningOperationalRevenue & CostModelingProjectPlanningMarketingPlanningPlanning, Budgeting & ForecastingFinancialDetailOperationalDetail
- 7. Reduce Modeling TimeFrom Days to HoursFortune 500 energy company and nation’s leading supplier of competitive electricity to large commercial and industrial customers. Copyright © 2011, Oracle and/or its affiliates. All rights reserved. 7
- 8. <Insert Picture Here>Overviewof the Financial Close ProcessCopyright © 2011, Oracle and/or its affiliates. All rights reserved. 8
- 9. Achieve a WorldClass CloseDeliver self service reporting to the organization for performance discussions and plan realignmentGather and validate complete data sets to support all financial reporting needs (i.e. Legal Entity, Segment, Management, Tax, Sustainability Metrics, etc.)Automate and deliver Edgar & XBRL filings, Statutory filings, Tax, etc.Close Sub Ledgers into GL (i.e. AR, AP, FA, etc.)Automate external reporting gathering disclosures and financial informationAutomate consolidated financial reporting leveraging multiple hierarchies/dimensions and calculations (i.e. CTA, FASB, KPI’s, FX, Retained Earnings, Topside Entries etc.) Perform Reconciliations Bank Reconciliations
- 10. Standard AccountRecon
- 11. Sub LedgerReconPost AccrualsCopyright © 2011, Oracle and/or its affiliates. All rights reserved. 9
- 12. Critical Components toImplementFinancial Close Best PracticesCFO DashboardGovernance, Risk & ComplianceFinancial Close WorkflowDataAssuranceTaxFilingTaxCalculationsFinancialConsolidationERP: Oracle, SAP, Legacy, OtherFinancial andMgmt. ReportingDocumentManagement& FilingTransactionsReportingCopyright © 2011, Oracle and/or its affiliates. All rights reserved. 10
- 13. First to Reporton the Dow Jones Copyright © 2011, Oracle and/or its affiliates. All rights reserved. 11The world’s leading producer of primary aluminum with $23.5 billion in revenues with operations in 43 countries and 350 locations. Alcoa has over 131,000 employees.
- 14. Enterprise Performance ManagementSolutionOverviewCopyright© 2011. Oracle and/or its affiliates. All rights reserved. 12
Editor's Notes
- #7 Here is the big picture of our enterprise planning solution, that connects financial planning and operational planning.Hyperion Planning is the core solution for budgeting and forecasting plus the specialized modules for workforce and capital assets planning.HSF adds value for longer term financial planning to better manage cash flows and capital investments. Which is top of mind for CFOs and CEOs.Enterprise Planning ensures that the financial plan is in line with operational plans. The benefit is that companies can better manage the impact of operational drivers like materials, labor and transportation costs on product margins. And because it’s a prepackaged solution customers can deploy it fast: it comes with predefined operational models for materials, capacity, labor and transportation, pre-built reports and dashboards in OBIEE and integration with Hyperion Planning to capture financial targets and assumptions.One of our key differentiators is that we provide predictive modeling capabilities to manage the risks in business plans. Especially in today’s uncertain times this is critical for managers to understand. This is based on the EPM integration with Crystal Ball.
- #10 Walk your audience through this process. Explain that this is Oracle’s vision for an efficient and linear close process that can deliver a world class process.Begin with the sub-ledgers and explain each chevron and how they relate to each other. Note that in data assurance we bring together ALL financial data required to meet the reporting needs of every stakeholder in the organization. You may also note that traditionally 50+% of financial data does not exist in a General Ledger (i.e. Plan/Fcst, Headcount, Lease, etc.).Notice that there are not reporting silo’s. Management and External reporting are both included as part of the process. Thereby eliminating cumbersome reconciliations and unnecessary efforts.
- #11 Here is the big picture of Oracle’s Financial Close solution. The solution encompasses all the areas impacted by the close, introduces automation, visibility and workflow managing the process from transactions through to reporting.Hyperion Financial Management is the core of the solution which manages the ‘financial consolidation’ and delivers automated reporting to all stakeholders. Financial Data Quality Management ensures that the data sets are complete, valid and timely.GRC ensures that the financial governance policies are enforced with required controls and testing.FCM will manage all tasks, assignments and due dates across all applications in the close from transaction systems like SAP and EBS through HFM and Disclosure ManagementDM will manage the creation of the key financial documents like 10Q/K, bank covenant documents, etc. The solution manages the assignment of all disclosures, due dates, workflow and versioning for these key documents that can not be wrong. Today these processes are mostly manual in organizations.Tax calculation and filings are managed with 3rd party solutions like Corptax and Tax Stream. However we have a pre-built tax adapter to make the integration easy.
- #14 EPM is about three areas:Common Information Access:MS Office, Web, Reporting and AlertsEPM SystemStrategic PlanningPlanning & ForecastingFinancial CloseProfitability ManagementCommon Integration & Analysis:Common Administration, Data Quality (Common Calculations and FDM), Dimension Management (consistent dimensions) and Oracle Essbase