Organizations today face a constant stream of requirements and regulations that add complexity and change to their period-end close processes. Add to that reality a manually-driven approach to ‘closing the books’ and it is not surprising that organizations recognize the value of adopting a tool that can efficiently manage all of their financial close cycles. This presentation will make a case for embracing a unified financial close strategy that incorporates Oracle Hyperion Financial Close Management. Objectives: • Demonstrate the benefits of an optimized close process • Reveal the advantages of increased collaboration • Exhibit the improvements in user productivity • Illustrate the value of improved transparency and compliance • Demonstrate the assurance of reconciliation accuracy

1. Oracle Financial Close Management: Streamline Your Close Process
RJ Linehan, Innovus Partners

2. A premier consulting firm whose primary focus is to deliver innovative enterprise performance management solutions to the modern client leveraging its proven project delivery approach.
•Oracle Gold Partner
•Oracle Certified Specialists
•Member of industry's three leading users groups
•Quest International Users Group
•Oracle Application Users Group (OAUG)
•Oracle Development Tools User Group (ODTUG)
Innovus Partners

3. Welcome!!!
•Today’s Finance Organizations and the Close
•Overview
•Pain Points
•Use Cases
•Financial Close Management Architecture
•Financial Close
•Account Reconciliation Manager
•Q&A
Today’s Agenda

4. Today’s Finance Organization
Departmental Org Chart & Roles
Tax
Treasury
Finance
Accounting
CFO
Investments
Federal
Operations
External Rpt
Cash
State & Local
Account Recs
Internal Rpt
AP/AR
Statutory Compliance
Consolidations
FP&A
Expenses
GL Maintenance
Internal Audit / SOX

5. TypicalFinancial Close Process
Data Collection
Continuing Transactions
Input
GL Close
Consolidation
Process
Output
Internal Reporting
External Reporting
Work Flow

6. ActualFinancial Close Process

7. Central Challenges of Financial Close Process
•Transparency & Consistency
•Inability to improve accuracy of financial reporting due to lack of visibility
•Communication
•Poor communication causes failure to reduce processing time
•Lack of common definitions leads to misunderstanding within Finance Organization
•Data Governance
•Absence of process control results in task failure
•Documentation
•Deficient documentation prevents audit trail and supporting detail
Today’s Finance Organization

8. Managing the Financial Close

9. •Task Information
•Name & Description
•Attributes (Company, Financial Statement, Business Area)
•Task Resources
•Doer
•Reviewer
•Coordinator
•Task Dates
Managing the Financial Close
Write-Offs & Bad Debt

10. Managing the Financial Close
Reporting
Task Characteristics same as previous task

11. Close the Problem with a Business Solution
•Centralized web-based solution managed by business users for business users
•Supports all financial close tasks
•Ledger and sub-ledger close
•Data loading and mapping
•Financial consolidation
•Account reconciliation
•Internal and external reporting processes
•Tasks associated with extended financial close
Oracle Hyperion Financial Close Management

12. Oracle Enterprise Performance Management System

13. Oracle Financial Close Suite

14. Oracle Financial Close Management Architecture
Account Reconciliation Manager (ARM)
Close Manager
Core Product
FDMEE
Integrations
Integration Layer
General Ledger
EPM Apps
EDW
Application Layer
Data Flow

15. Key Features
•Task scheduling and management feature to track and prioritize close tasks
•Pre-built, web-based dashboards for monitoring progress of financial close
•Process automation feature that offers lights-out support
•Powerful filtering and ad-hoc reporting capabilities
•Roll-forward feature to create new calendars based on prior financial close
Close Manager

16. Key Features
•Control over account reconciliation
•Flexible formats adaptable to each type of account
•Easy-to-use features for maintaining reconciliation assignments (mass updates and import capabilities)
•Seamless integration using Oracle Hyperion Financial Data Quality Management ERP Integration Adapter
•Auto reconciliation of approved zero balance accounts
•Configurable frequencies and unlimited level of approval
Account Reconciliation Manager

17. Close Manager -Dashboard

18. Close Manager –Gantt Chart

19. Close Manager –Monthly Calendar

20. Close Manager –Task List

21. Close Manager –Task List

22. Close Manager -Task Actions

23. Close Manager -Task Actions

24. Close Manager -Task Actions

25. Close Manager -Task Actions

26. Close Manager -Task Actions

27. Integrated Applications (PeopleSoft Financials)
•Integrate PeopleSoft Financials close activities within FCM
•Tasks can direct users to specific areas in PeopleSoft Financials
•Tasks can schedule execution of PeopleSoft Financials processes

28. Integrated Applications (PeopleSoft Financials)

29. Account Reconciliation -Task Actions

30. Financial Close Process –Report BinderFCM Report Binder -Click Me

31. Oracle Financial Close Management: Streamline Your Close Process
RJ Linehan, Innovus Partners