This document provides an overview of ADI Strategies, an Oracle partner focused on EPM, OFSAA, and BI solutions. It then discusses the extended financial close process and Account Reconciliation Manager tool. Two case studies are presented: one on using ARM for financial close management at a global manufacturing company, and another on implementing a holistic reconcilation process across multiple ERP systems at another manufacturer. Key considerations for financial close projects include planning infrastructure needs, ensuring collaboration across stakeholders, and maintaining involvement of internal teams.
Primavera Unifier: How to Tame Complexity and Achieve Successp6academy
Primavera Unifier is an open and highly configurable business process and workflow management tool that is designed to support capital planning, project delivery and cost control requirements. Achieving a successful Unifier implementation requires strong stakeholder support, a detailed analysis of the supported business processes and a project team that can “think outside the box." In this presentation, we will define and review those key areas that can reduce implementation time and costs. We will also show how to identify and avoid specific issues that could jeopardize the success of a Unifier system deployment.
Referenced: www.p6academy.com
Source: http://coll15.mapyourshow.com
Customers talk about controlling access for multiple erp systems with oracle ...Oracle
Customer discuss using Oracle GRC Advanced Controls to help manager access to Multiple ERP's.
Eugene Hugh from InterContinental Exchange and Stephen D’Arcy from PWC explain how ICE and NYSE managed operational controls and met compliance requirements in a challenging ERP environment by using Oracle Advanced Controls. You can learn more about this by downloading the presentations from here.
INNOVATE 2014, Oracle Financial Close Management: Streamline Your Close ProcessRJ Linehan
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
Primavera Unifier: How to Tame Complexity and Achieve Successp6academy
Primavera Unifier is an open and highly configurable business process and workflow management tool that is designed to support capital planning, project delivery and cost control requirements. Achieving a successful Unifier implementation requires strong stakeholder support, a detailed analysis of the supported business processes and a project team that can “think outside the box." In this presentation, we will define and review those key areas that can reduce implementation time and costs. We will also show how to identify and avoid specific issues that could jeopardize the success of a Unifier system deployment.
Referenced: www.p6academy.com
Source: http://coll15.mapyourshow.com
Customers talk about controlling access for multiple erp systems with oracle ...Oracle
Customer discuss using Oracle GRC Advanced Controls to help manager access to Multiple ERP's.
Eugene Hugh from InterContinental Exchange and Stephen D’Arcy from PWC explain how ICE and NYSE managed operational controls and met compliance requirements in a challenging ERP environment by using Oracle Advanced Controls. You can learn more about this by downloading the presentations from here.
INNOVATE 2014, Oracle Financial Close Management: Streamline Your Close ProcessRJ Linehan
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
OAUGNJ 2013, Product Spotlight: Oracle Financial Close ManagementRJ Linehan
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 are beginning to 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. It will introduce the attendees to the following features and benefits of the product:
• Optimized Close Process
• Increased Collaboration
• Enhanced User Productivity
• Improved Transparency and Compliance
• Ensured Reconciliation Accuracy
Automating Account Reconciliation to Mitigate Compliance RiskProformative, Inc.
Video/Presentation: http://www.proformative.com/events/automating-account-reconciliation-mitigate-compliance-risk
The role of Accounting and Finance Professionals is ever evolving. Demands are increasing; regulations are even more stringent; and areas of focus are expanding. All of these make it more challenging for companies to efficiently close their books while ensuring they have balance sheet integrity. The account reconciliation process is an under-appreciated, yet critical, control which helps ensure financial integrity. By leveraging technology, a company can automate its reconciliations and link accounts across different standards to minimize the amount of manual labor required and ultimately the risk of errors. This session is designed to inform finance and accounting leaders of how account reconciliation process optimization can create a foundation for streamlining the overall financial close process and more importantly, ensuring appropriate controls are in place for greater accuracy in the numbers.
Speakers:
Susan Parcells, CPA, Director, Finance Transformation, Blackline Systems
Wendy Shapiro, CPA, Senior Director, Corporate Accounting, Atlas Air Worldwide
Presentation delivered at CFO Dimensions 2013 - http://www.cfodimensions.com
Track: Finance Technology | Session: 5
Optimizing order to-cash (e-business suite) with GRC Advanced ControlsOracle
Mark Stebleton, Oracle GRC Advanced Controls Product Management and Daryl Geryol, Navillus Partners explain how to optimize your Order to Cash process.
Automating Account Reconciliations to Mitigate Compliance RiskProformative, Inc.
Today’s CFOs are challenged with meeting tight deadlines, operating with limited resources and serving in more strategic roles. In this session you will discover how leveraging technology and automating traditionally manual accounting processes, like account reconciliations, can help optimize the financial close process and free up some of the critical time needed from accounting and finance teams. You will learn how your organizations can virtually eliminate spreadsheets and the errors and headaches that come with them; increase control and visibility; facilitate timely, accurate and documented communications between all stakeholders; gain exceptional ROI in a very short time; improve the accuracy and timeliness of compliance reporting; define responsibility and process ownership; and manage compliance while serving multiple locations.
Speaker: Michael Gilmartin, Solution Consultant Manager, BlackLine Systems
Presentation delivered at ProformaTECH 2014 - http://www.proformatech.com
Track: Change Anticipation & Readiness | Session: 2
This session with Alyssa Johnson, Vice President of Enterprise Applications at Keste, as we discuss the Cloud options including SaaS, PaaS, and IaaS and the best use cases for each. We will also discuss how upgrades and a hybrid Cloud approach can often be the next best step on your Cloud journey. Finally, see how to design a Cloud roadmap utilizing universal cloud credits to accomplish your organization’s goals and transform your business.
La sfida delle compliance e della riduzione dei costi applicando in modo sistematico l'efficacia della gestione del ciclo di vita del software
Fausto Wiget, HP Software Professional Services Consulting Manager ITSM
New features in oracle fusion financial accounts receivables and account paya...Jade Global
Learn about the latest features and benefits of Oracle fusion financial accounts receivables and account payables. For more detail please visit: http://www.jadeglobal.com
This presentation is from a recorded webinar broadcast on 22 January 2016. We focus on the areas of SAM that we see as having the biggest impact on reducing the cost and complexity for IT budget managers.
This will focus on the 4Ps of SAM: People; Process; Products; Partners, and we will look at the tangible benefits to maturing in each area.
Thousands of Hours Saved and Risk Reduced for EBS Upgrades & ImplementationsOracle
Hear how a major engineering company and healthcare providor have used Oracle GRC Advanced Controls to save thousands of hours security access provisioing, configuration change control, testing, project management and internal and external audit.
INFOCUS 2014, Oracle Financial Close Management: Streamline Your Close ProcessRJ Linehan
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
Secondary Ledgers: The Benefits of Adjustment Ledgers for GAAP Reporting and ...eprentise
Preparing adjusting entries usually involves a lot of journal entries, staff input and tedious work. Not anymore. As a more efficient processing of adjustments, adjustment-only secondary ledgers reflect only adjustments without affecting your primary ledger, allowing entries to be made discretely. Explore the benefits of using adjustment ledgers, complete with a step-by-step setup guide.
But I Did What I’ve Always Done and Ended Up Over Budget and Under Expectationseprentise
The team wanted to do a reimplementation because we wanted an opportunity to redesign our business processes, eliminate customizations, standardize our data across the enterprise, take advantage of new EBS features, and clean up our data. We have brought many countries into our Oracle environment, and have a great deal of experience in converting data with a highly-skilled team. The reimplementation was much more than we bargained for, and not in a good way.
This webinar with Jeff Dunford, Vice President of Apps Associates, reviews some of the challenges of a reimplementation and migrating data though some real-life experiences from a system integrator’s perspective and lessons learned across many different clients.
Government Contractos are under pressure to allocate resources more effectively, increase client billing rates, and differentiate themselves through innovative service delivery in order to generate greater profit margins in the face of ever-increasing competition and regulatory DCAA compliance. Accounting for every detail of a project or contract, including measuring the degree of project completion, remains a huge challenge for Government Contractors. Join Raffa & BDO to learn how you can solve your accounting, project management, and compliance issues with an effective Microsoft Dynamics solution.
The accounting standard for recognizing revenue is changing – is your organization prepared for ASC 606? The revenue recognition standard defines new rules on how companies recognize revenue from contracts with customers, representing substantial changes and a major transition. ASC 606 is an updated accounting standard issued by FASB and IASB that is intended to increase financial statement comparability across companies and reduce the complexity in revenue recognition. The guidelines cover processes starting with contracts and continues through pricing, quotes, orders, and ending with revenue recognition.
Explore the top options available to prepare for the upcoming transition period by registering for our webinar with Seamus Moran from Oracle, Hari Mundhra and Gourav Rathi from Deloitte Consulting LLP, and Tom Buechler from eprentise. This panel discussion moderated by eprentise CEO Helene Abrams will provide an overview of the new standard, highlight the areas of significant changes to be ready for, and discuss the recommended approaches for your organization, all in a Q&A format.
Many organizations who have not previously used the powerful financial capabilities of Clarity PPM are finding it advantageous to see planned and actual financial status of their projects. Too often companies hesitate taking that first step due to the perceived complexity of setting up and maintaining financial data in Clarity PPM.
This presentation, Clarity PPM Financials Made Easy, will address:
How to set up Clarity PPM Financials at a low cost and high-value structure
Taking advantage of default settings to reduce complexity and maintenance
Advantages of seeing all the relevant data in one place
Use of simple models to get started or use as a Proof of Concept
Optional Clarity PPM Features to enhance the model
The CA Clarity PPM Financials module enables users to see the financial impact of plans and measure performance results against the expectations of those plans. As changes to the plan are made, users can see how those changes will affect the financial outcomes.
This case study throws light on how Honeywell has achieved all their goals of Requirements Management for the REM and HTS projects by implementing Kovair Application Lifecycle Management Solution – the ALM Studio in their organization and are very pleased with the outcome.
OAUGNJ 2013, Product Spotlight: Oracle Financial Close ManagementRJ Linehan
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 are beginning to 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. It will introduce the attendees to the following features and benefits of the product:
• Optimized Close Process
• Increased Collaboration
• Enhanced User Productivity
• Improved Transparency and Compliance
• Ensured Reconciliation Accuracy
Automating Account Reconciliation to Mitigate Compliance RiskProformative, Inc.
Video/Presentation: http://www.proformative.com/events/automating-account-reconciliation-mitigate-compliance-risk
The role of Accounting and Finance Professionals is ever evolving. Demands are increasing; regulations are even more stringent; and areas of focus are expanding. All of these make it more challenging for companies to efficiently close their books while ensuring they have balance sheet integrity. The account reconciliation process is an under-appreciated, yet critical, control which helps ensure financial integrity. By leveraging technology, a company can automate its reconciliations and link accounts across different standards to minimize the amount of manual labor required and ultimately the risk of errors. This session is designed to inform finance and accounting leaders of how account reconciliation process optimization can create a foundation for streamlining the overall financial close process and more importantly, ensuring appropriate controls are in place for greater accuracy in the numbers.
Speakers:
Susan Parcells, CPA, Director, Finance Transformation, Blackline Systems
Wendy Shapiro, CPA, Senior Director, Corporate Accounting, Atlas Air Worldwide
Presentation delivered at CFO Dimensions 2013 - http://www.cfodimensions.com
Track: Finance Technology | Session: 5
Optimizing order to-cash (e-business suite) with GRC Advanced ControlsOracle
Mark Stebleton, Oracle GRC Advanced Controls Product Management and Daryl Geryol, Navillus Partners explain how to optimize your Order to Cash process.
Automating Account Reconciliations to Mitigate Compliance RiskProformative, Inc.
Today’s CFOs are challenged with meeting tight deadlines, operating with limited resources and serving in more strategic roles. In this session you will discover how leveraging technology and automating traditionally manual accounting processes, like account reconciliations, can help optimize the financial close process and free up some of the critical time needed from accounting and finance teams. You will learn how your organizations can virtually eliminate spreadsheets and the errors and headaches that come with them; increase control and visibility; facilitate timely, accurate and documented communications between all stakeholders; gain exceptional ROI in a very short time; improve the accuracy and timeliness of compliance reporting; define responsibility and process ownership; and manage compliance while serving multiple locations.
Speaker: Michael Gilmartin, Solution Consultant Manager, BlackLine Systems
Presentation delivered at ProformaTECH 2014 - http://www.proformatech.com
Track: Change Anticipation & Readiness | Session: 2
This session with Alyssa Johnson, Vice President of Enterprise Applications at Keste, as we discuss the Cloud options including SaaS, PaaS, and IaaS and the best use cases for each. We will also discuss how upgrades and a hybrid Cloud approach can often be the next best step on your Cloud journey. Finally, see how to design a Cloud roadmap utilizing universal cloud credits to accomplish your organization’s goals and transform your business.
La sfida delle compliance e della riduzione dei costi applicando in modo sistematico l'efficacia della gestione del ciclo di vita del software
Fausto Wiget, HP Software Professional Services Consulting Manager ITSM
New features in oracle fusion financial accounts receivables and account paya...Jade Global
Learn about the latest features and benefits of Oracle fusion financial accounts receivables and account payables. For more detail please visit: http://www.jadeglobal.com
This presentation is from a recorded webinar broadcast on 22 January 2016. We focus on the areas of SAM that we see as having the biggest impact on reducing the cost and complexity for IT budget managers.
This will focus on the 4Ps of SAM: People; Process; Products; Partners, and we will look at the tangible benefits to maturing in each area.
Thousands of Hours Saved and Risk Reduced for EBS Upgrades & ImplementationsOracle
Hear how a major engineering company and healthcare providor have used Oracle GRC Advanced Controls to save thousands of hours security access provisioing, configuration change control, testing, project management and internal and external audit.
INFOCUS 2014, Oracle Financial Close Management: Streamline Your Close ProcessRJ Linehan
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
Secondary Ledgers: The Benefits of Adjustment Ledgers for GAAP Reporting and ...eprentise
Preparing adjusting entries usually involves a lot of journal entries, staff input and tedious work. Not anymore. As a more efficient processing of adjustments, adjustment-only secondary ledgers reflect only adjustments without affecting your primary ledger, allowing entries to be made discretely. Explore the benefits of using adjustment ledgers, complete with a step-by-step setup guide.
But I Did What I’ve Always Done and Ended Up Over Budget and Under Expectationseprentise
The team wanted to do a reimplementation because we wanted an opportunity to redesign our business processes, eliminate customizations, standardize our data across the enterprise, take advantage of new EBS features, and clean up our data. We have brought many countries into our Oracle environment, and have a great deal of experience in converting data with a highly-skilled team. The reimplementation was much more than we bargained for, and not in a good way.
This webinar with Jeff Dunford, Vice President of Apps Associates, reviews some of the challenges of a reimplementation and migrating data though some real-life experiences from a system integrator’s perspective and lessons learned across many different clients.
Government Contractos are under pressure to allocate resources more effectively, increase client billing rates, and differentiate themselves through innovative service delivery in order to generate greater profit margins in the face of ever-increasing competition and regulatory DCAA compliance. Accounting for every detail of a project or contract, including measuring the degree of project completion, remains a huge challenge for Government Contractors. Join Raffa & BDO to learn how you can solve your accounting, project management, and compliance issues with an effective Microsoft Dynamics solution.
The accounting standard for recognizing revenue is changing – is your organization prepared for ASC 606? The revenue recognition standard defines new rules on how companies recognize revenue from contracts with customers, representing substantial changes and a major transition. ASC 606 is an updated accounting standard issued by FASB and IASB that is intended to increase financial statement comparability across companies and reduce the complexity in revenue recognition. The guidelines cover processes starting with contracts and continues through pricing, quotes, orders, and ending with revenue recognition.
Explore the top options available to prepare for the upcoming transition period by registering for our webinar with Seamus Moran from Oracle, Hari Mundhra and Gourav Rathi from Deloitte Consulting LLP, and Tom Buechler from eprentise. This panel discussion moderated by eprentise CEO Helene Abrams will provide an overview of the new standard, highlight the areas of significant changes to be ready for, and discuss the recommended approaches for your organization, all in a Q&A format.
Many organizations who have not previously used the powerful financial capabilities of Clarity PPM are finding it advantageous to see planned and actual financial status of their projects. Too often companies hesitate taking that first step due to the perceived complexity of setting up and maintaining financial data in Clarity PPM.
This presentation, Clarity PPM Financials Made Easy, will address:
How to set up Clarity PPM Financials at a low cost and high-value structure
Taking advantage of default settings to reduce complexity and maintenance
Advantages of seeing all the relevant data in one place
Use of simple models to get started or use as a Proof of Concept
Optional Clarity PPM Features to enhance the model
The CA Clarity PPM Financials module enables users to see the financial impact of plans and measure performance results against the expectations of those plans. As changes to the plan are made, users can see how those changes will affect the financial outcomes.
This case study throws light on how Honeywell has achieved all their goals of Requirements Management for the REM and HTS projects by implementing Kovair Application Lifecycle Management Solution – the ALM Studio in their organization and are very pleased with the outcome.
Company and Marketing Strategy Partnering to Build Customer Relationships - C...Aya Mahmoud
Outstanding marketing organizations employ strongly customer-driven marketing strategies and programs that create customer value and relationships. These marketing strategies and programs, however, are guided by broader company-wide strategic plans, which must also be customer focused. Thus, to understand the role of marketing, we must first understand the organization’s overall strategic planning process.
Whether for-profit or nonprofit, customer retention strategies are the same. Here are seven strategies to retain your customers that you should consider.
RECONNECT 2014, Oracle Financial Close Management: Streamline Your Close ProcessRJ Linehan
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
Cloud Streaming & Financial Close: Streamline Your Financial ProcessesAlithya
New approaches and leading edge technologies to help companies become more agile in their planning, budgeting, forecasting and reporting processes.
Original presentation delivered on 9/14/17
Your Digital Finance Transformation JourneyWorkday, Inc.
When it comes to navigating digital transformation within finance, no two organizations or industries are alike.
View this slide deck to learn how Workday and Deloitte are partnering to provide customers across industries with a perfect path forward, and can help you set a clear strategy for your journey.
Thrive in the World of Change (Joshua May and Richard Revis, Blackline and EY)Executive Leaders Network
Delivered at ELN's Finance Leaders Event on Thursday 10th November 2022.
"Change is the only constant. No words have rung truer over the past few years.
As the world faces continuing disruption, companies can expect an accelerating pace of change and will need to build greater organisational resilience to better respond and adapt to a changing landscape.
Finance automation solutions are helping accounting and finance teams embrace change to not only improve accuracy, execute tighter controls, and decrease risk, but also focus on complex and judgemental areas to help drive strategic business decisions.
This is what modern accounting looks like: processes are automated, data is connected, and the role of auditor and accountant is elevated. The overall accounting team’s role evolves beyond executing checklists and historical reporting to include proactive analytics and a seat at the decision-making table.
After this session, attendees will be able to:
• Employ best practices, resulting in a better utilised, more efficient organisation that focuses on risk management, compliance, and data analytics
• Transform the way accounting and audit departments work by reducing manual tasks, resulting in better attraction and engagement of top talent
• Understand the power of automation and how it strengthens accounting organisations"
Maximize a 24 X 7 Shared Services Global Operation With Oracle E-Business Suiteeprentise
How can you keep Oracle® E-Business Suite Release 12 running around the globe while minimizing downtime and consolidating operations? This session reviews the technical mechanics and functional business processes required to effectively operate a world-wide enterprise on a single, global instance and some of the challenges in migrating to a shared services model from different cultures, technologies and processes.
Financial Close Mgmt - OOW 2014 - Customer Success Stories
1. 1
Overview
of
ARM
&
Customer
Success
Stories
Alexandre
Seran
2. 2
Introduc;on
to
ADI
Strategies
§ Founded
2002
• Oracle
Pla+num
Partner
focused
on
EPM,
OFSAA
&
BI
• Financial
Planning
&
Accoun+ng
creden+als
• History
of
working
with
technology
and
advisory
services
for
15+
years
• Global
delivery
capabili+es
with
140+
consultants
§ Full
stack
of
solu;ons
and
services
from
Finance
Transforma;on
to
Maintenance
Support
§ Proven
program
management
methodology,
tools,
templates
to
accelerate
project
results
§ Selected
by
Oracle
as
the
winner
of
the
“2012
Specialized
Partner
of
the
Year”
for
North
America
Finance Transformation
Health Checks
Roadmap
Development
COE/PMO/Compliance
Planning
Budgeting
Forecasting
Solution
Architecture
Financial
Consolidation
Enterprise
Reporting
Profitability
Analytics
Financial
Close
Data
Governance &
Master Data
Management
ETL
Business
Intelligence
Infrastructure
Knowledge Transfer, Training
and Change Management
Maintenance Support
ImplementationServices
3. 3
Agenda
• Introduc;ons
• Financial
Close
Suite
Overview
• Case
Studies
of
Financial
Close
Suite
Implementa;on
• Project
Considera;ons
• Q&A
4. 4
The
“Extended”
Financial
Close
Process
Sub Ledger Close
General
Ledger Close
Data
Assurance Consolidate
Internal
Management
Reporting
External
Financial
Reporting
Filing
Close
sub
ledgers
into
GL
(AR,
AP,
FA,
etc.)
Perform
Reconcilia;ons
and
Post
Accruals
Deliver
self
service
financial
repor;ng
to
the
organiza;on
Create
external
reports
with
disclosures
and
financial
data
Automate
and
deliver
external
&
statutory
filings
Gather
and
validate
complete
data
sets
to
support
all
financial
repor;ng
needs
Automate
consolidated
financial
reports
leveraging
mul;ple
hierarchies
and
calcula;ons
Consolidation
5. 5
Account
Reconcilia;on
Manager
• Account
Reconcilia;on
Management
(ARM)
• One
single
repository
via
ARM
portal
• Manage
and
Monitor
account
reconcilia+on
process
• Provide
real-‐+me
visibility
into
the
performance
of
reconcilia+ons
• Control
and
Compliance
6. 6
Process
Leveraging
ARM
Account
Reconciliation
Manager
Dashboard &
Reporting
Preparer
and
Reviewer
Corporate
accounting
D+0
D+8
Internal
audit
ERPI
ARM
Admin
Manual
Recon
Auto
Recon
Oracle EBS GL
Account
Mapping
Drill Back to
GL
7. 7
Case
Study:
Financial
Close
Management
Global
Manufacturing
Company
Profile
• Fortune
200
public
company
• Worldwide
leader
in
discrete
with
over
250+
legal
en++es,
2,000+
users
and
2
million
accounts
to
be
reconciled
• Oracle
EBS
is
the
primary
ERP.
Sub-‐ledger
closed
by
respec+ve
regional
owners
(support
by
shared
services)
Results:
• End-‐to-‐end
visibility
into
close
process
flow
chart
and
monitoring
each
month
end.
• Iden+fica+on
of
cri+cal
path
and
frequently
delayed
work
tasks
• Six-‐sigma
projects
ini+ated
for
process
improvements
leading
to
faster
close
cycles
• Ease
in
ability
to
monitor
close
process
and
take
correc+ve
ac+ons
to
prevent
impact
on
downstream
close
deadlines
Situa;on
• Complex,
+me
consuming,
manual
intercompany
matching
process
which
oen
impacted
close
deadlines
• Manual,
resource-‐intensive
tracking
of
EBS
close
process.
No
single
group
visibility
of
complete
set
of
close
ac+vi+es
• Lack
of
visibility
in
close
process
once
data
loaded
into
HFM
Approach
• Detailed
exercise
to
iden+fy
close
ac+vi+es
across
mul+ple
sites
and
iden+fy
dependencies
and
cri+cal
paths
• Phased
roll
out
of
close
manager
by
iden+fying
cri+cal
processes
and
loca+ons
which
impacted
close
comple+on
• Focus
on
providing
visibility
into
close
ac+vity
progress
to
iden+fy
sites
and
ac+vi+es
causing
delays
frequently
8. 8
Case
Study:
Financial
Close
Management
Global
Manufacturing
Company
Profile
• Fortune
200
public
company
• Worldwide
leader
in
discrete
with
over
250+
legal
en++es,
2,000+
users
and
2
million
accounts
to
be
reconciled
• Oracle
EBS
is
the
primary
ERP.
Sub-‐ledger
closed
by
respec+ve
regional
owners
(support
by
shared
services)
Results:
• Well
integrated,
automated
&
efficient
reconcilia+on
process
governed
by
Audit
team
and
managed
by
EPM
team
• Reduced
+me
and
effort
on
reconcilia+on
with
reduced
risk
of
compliance
with
high
degree
of
auditability
• Highly
scalable
design
to
be
globally
rolled
out
• Enhanced
repor+ng
and
analy+cs
Situa;on
• Diverse,
manual
mechanisms
for
account
reconcilia+on
within
mul+ple
ERP
systems.
• Large
no
of
reports
in
EBS
for
reconcilia+on
causing
load
during
close
process
• Weak
traceability,
auditability
and
security
controls
leading
to
data
integrity
challenges
Approach
• Chose
complex
pilot
site
with
variety
of
reconcilia+ons
and
focus
on
automa+on
and
process
improvement
• Holis+c
design
of
the
EPM
Footprint
allowed
to
Leverage
DRM
for
reconcilia+on
metadata
management
process
• Phased
roll
out
by
loca+ons/legal
en+ty/
business
unit
combina+ons
• Two-‐month
defined
loca+on
roll
out
template.
9. 9
Case
Study:
Financial
Close
Management
Global
Manufacturing
10. 10
General
Project
Considera;ons
Success
Plan forward
• Plan your Hardware ahead
for the Growth and the
required business SLA.
• Think Holistically about the
EPM Suite toolset and the
right product for the need
• Data Integration is Key. Think
DRM, FDMEE, EAL, ODI…
Collaboration
• Engage all different
stakeholders
• While Finance driven, The
infrastructure and
technology layer is key
• Review validation and
approval process with
Auditors early on
Involvement
• Hands on Engagements
• Don’t rely fully on
Consultants
• Involve
• Finance, IT and
Implementation Partner work
hand in hand and are equally
accountable
11. 11
Typical
Project
Timeline
&
Ac;vi;es
Define
• Identify
Stakeholders,
Objectives &
Success
Criteria
• Review
existing
processes and
identify
efficiency
metrics
• Infrastructure
setup
• Project Team
Training
• Finalize
Requirements
Design
• Configuration
Workshops
• Design Data
Interfaces and
Application
Artifacts
• Future
processes
design
• Change
management
and training
plan
• Obtain Signoff
Build
• Build financial
close workflow
and tasks
• Build
integration
tasks system
interfaces
• Build data
interfaces and
mapping
definitions
• Data loads and
validations
cycles
• Conference
room pilots
Train &
Test
• Create training
materials and
test scripts
• Conduct
system testing
• Conduct
power user
training
• Conduct end
user trainings
• User
acceptance
testing
Deploy
• Readiness
assessment
• migration to
Production
• Turnover & Go
Live Support
• Celebration
4-6 Months typical timeline
13. 13
Case
Studies:
Diverse
Company
Profiles
Agribusiness
• Publicly
traded
Innova+ve
Global
Food
producer
• Global
implementa+on
of
Financial
Close
Manager
and
Account
Reconcilia+on
Management
• Full
GL
&HFM
integra+on.
Looking
to
leverage
against
planning
in
future
phase
• Close
Manager
module:
• 100
tasks
• 25
users
• ARM
module:
• JDE
GL
with
Na+ve
Adapter
Integra+on
• 200
reconcilia+ons
• 6
formats
• 25
User
• 1
Administrators
• Implementa+on:
3
months
Northeast
Manufacturing
Company
• Publicly
traded
2.9
B
Manufacturing
Company
Opera+ng
in
19
different
countries
• Early
Adopters
of
ARM/FCM
• Pilot
approach
with
Corporate
Reconcilia+ons.
• Close
Manager
module:
• 300
tasks
• 70
users
• Account
Reconcilia+on
module:
• SAP
GL
with
Open
Adapter
Integra+on
• 500
reconcilia+ons
• 15
Formats
• 50
users
(internal
/
external)
• 2
Administrators
• Implementa+on:
4
months
14. 14
Case
Studies:
Diverse
Company
Profiles
World
Leader
in
Green
Energy
• Publicly
traded
with
Na+onal
and
Interna+onal
presence
• Global
implementa+on
of
Financial
Close
Suite
• Complex
compliance
requirements
(SOX,
FERC,…)
• Close
Manager
module:
• 1200
tasks
• 35
users
• ARM
module:
• Ms
Navision
with
Open
Adapter
Integra+on
• 600
reconcilia+ons
• 12
formats
• 30
User
• 2
Administrators
• Implementa+on:
3
months
Medical
Insurance
Provider
• Leading
health
care
company
that
offers
a
wide
range
of
insurance
products
and
health
and
wellness
services
• Corporate
implementa+on
of
Financial
Close
Manager
• Close
Manager
module:
• 500
tasks
• 25
users
• ARM
module:
• EBS
GL
with
Na+ve
Adapter
Integra+on
• 600
reconcilia+ons
• 6
formats
• 25
User
• Implementa+on:
3
months
15. 15
ORACLE EPM. OFSAA. BI. ADVISORY.
Thank
You
Alexandre Seran
Vice President
773-828-9414 (Mobile)
aseran@adistrategies.com
NOTICE: Proprietary and Confidential. This material is proprietary to ADI Strategies and contains trade secrets and confidential information
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