Let me tell you a story. The characters? Spreadsheets, shared drives, emails, and auditors. The conflict? A process in shambles—siloed data in disagreement. The conclusion? The implementation of EPM Cloud Account Reconciliation to save the day! But here’s the secret: this isn’t just a Financial Close narrative. It’s a common tale across all domains—but can we give them the same fairytale ending? Using Profitability & Costing as a launching pad, explore what it looks like to move other financial processes towards being trustworthy and compliant, not just actuals data. Join us as we look at how EPM Cloud Account Reconciliation can move “outside the close.” Hosted by Nick Boronski, Alithya and Andrew Laferla, Alithya at the ODTUG Learn from Home Series

1. Think Outside the Close:
Profitability & Costing
Reconciliations in ARCS
Nick Boronski
Product Manager – Fin. Close & Consolidation,
Alithya
Andrew Laferla
Solution Manager – Profitability & Costing
Alithya

2. ORACLE PRACTICE
>Alithya offers EPM, ERP, &
Analytics solutions
>Proven business analytics
leader with a history of
successful implementations &
growth
>20+ years of implementations
1
Advisory
Services
Implementation
Services
Technical
Services
Hosting &
Support
Training
Services
Intellectual
Property
>1,000+ clients
>4,000+ projects
>100+ Cloud implementations
>7 Oracle ACEs
>Certified Cloud resources
>EPM, ERP, & Analytics solutions

3. AGENDA
> The Story of Reconciliation
> Getting to Know ARCS and PCMCS
> Reconciliations in PCMCS
> PCMCS Reconciliations in ARCS
> Opportunity to Innovate
> Closing & Q&A
2

4. THE STORY OF RECONCILIATION
3

5. THE STORY OF RECONCILIATION
4
Let me tell you
a story…

6. THE STORY OF RECONCILIATION
5
Numbers need to be correct.
Create Excel spreadsheets.
Spreadsheets grow. And Grow. And Grow!
Email for approval.
Save to a shared drive…or local folder…or not
Auditors get their questions answered…maybe?
Make strategic decisions…if there’s time…
Rinse and repeat…with new personnel.
Live happily ever after?

7. THE STORY OF RECONCILIATION
Process
Every
but the
story
Not just story…
across
companies and
processes
predominate
most
a
6

8. GETTING TO KNOW ARCS
7
OUTSIDE the Financial Close

9. GETTING TO KNOW PCMCS AND ARCS
8

10. GETTING TO KNOW ARCS
9
Key Benefits Gained from ARCS in the Financial Close
Comprehensive
Recon Traceability
Communication Accountability
Focus
Visibility
Centralized

11. GETTING TO KNOW ARCS
10
Key Benefits Gained from ARCS in the Financial Close
Comprehensive
Recon Traceability
Communication Accountability
Focus
Visibility
Centralized

12. GETTING TO KNOW PCMCS
11
Profitability and Cost Management Use Cases

13. GETTING TO KNOW PCMCS
12
PCMCS Business Process
Published Reports &
Interactive Analytics
Model Development
Master Data & Data
Integration Management
Profitability & Cost
Management
(PCM)
Financial Reports,
Smart View,
Dashboards
Model Execution
Embedded
Intelligence
Mobile
Rule
Transparency
Allocation
Engine
Integrations Dashboards &
Work Areas

14. GETTING TO KNOW PCMCS
13
Profitability and Cost Management Use Cases
Published Reports &
Interactive Analytics
Model Development Model Execution
Master Data & Data
Integration Management
PULL ALLOCATE PUSH

15. GETTING TO KNOW ARCS AND PCMCS
Reconciliation Similarities
Profitability & Costing Financial Close
Regular process
Siloed, manual, and offline
Susceptible to methodology and personnel changes
Limited functionality within tools
14

16. Profitability & Costing Financial Close
GETTING TO KNOW ARCS AND PCMCS
15
Reconciliation Differences
Subset of Income Statement
P&A Team
Less frequent (often monthly;
never daily)
More critical for regulated
industries (i.e. Gas, Utilities)
Balance Sheet, some Income
Statement, Consolidated
Accounting, Tax Departments
More frequent (can be daily)
Critical to all industries

17. RECONCILIATIONS IN PCMCS
16

18. RECONCILIATIONS IN PCMCS
17
Reconciliations in PCMCS
> PCMCS is bundled with power reporting options
that allow users to produce value-add reports
that provide insight into both the
calculation/allocation process and output.
> In PCMCS multiple options can be utilized to
produce reports for the following types of
Reconciliations:
> High Level Variance Analysis
> Top of the House Validations
> Process Specific Validations

19. RECONCILIATIONS IN PCMCS
18
Reconciliations in PCMCS – Variance Analysis
January February

20. RECONCILIATIONS IN PCMCS
> Vast majority in SmartView
> Some clients will use Financial Reporting Studio (FRS) or PCMCS
Analytics
> Precursor to putting costs back into the General Ledger
19
Reconciliations in PCMCS – Variance Analysis

21. RECONCILIATIONS IN PCMCS
20
Reconciliations in PCMCS – Top of the House
Pre-Allocated Post-Allocated

22. RECONCILIATIONS IN PCMCS
> Rule Balancing Report
21
Reconciliations in PCMCS – “Top of the House”

23. RECONCILIATIONS IN PCMCS
22
Reconciliations in PCMCS – Process Specific Validations
Total
Parts

24. > Typically a SmartView validation, similar to Variance Analysis
23
Reconciliations in PCMCS – Process Specific Validations
RECONCILIATIONS IN PCMCS

25. RECONCILIATIONS IN PCMCS
24
Another Choice: PCM Validations in ARCS

26. PCMCS RECONCILIATIONS IN ARCS
25

27. PCMCS RECONCILIATIONS IN ARCS
26
Another Choice: Side-by-Side
High Level Variance
Analysis Example
“Top of the House” Example

28. PCMCS RECONCILIATIONS IN ARCS
27
Another Choice: Side-by-Side : High Level Variance Analysis

29. PCMCS RECONCILIATIONS IN ARCS
28
Another Choice: Side-by-Side : High Level Variance Analysis

30. PCMCS RECONCILIATIONS IN ARCS
29
Another Choice: Side-by-Side : High Level Variance Analysis

31. PCMCS RECONCILIATIONS IN ARCS
30
Another Choice: Side-by-Side : High Level Variance Analysis

32. 31
Another Choice: Side-by-Side : “Top of The House”
PCMCS RECONCILIATIONS IN ARCS

33. PCMCS RECONCILIATIONS IN ARCS
32
Another Choice: Side-by-Side : Process Specific - Entity-to-Entity

34. PCMCS RECONCILIATIONS IN ARCS
33
Another Choice: Dashboards

35. PCMCS RECONCILIATIONS IN ARCS
34
Comparisons and Complements

36. PCMCS RECONCILIATIONS IN ARCS
35
Comparisons and Complements
But which
do I
choose?

37. PCMCS RECONCILIATIONS IN ARCS
36
Comparisons and Complements
You have
CHOICES

38. OPPORTUNITY TO INNOVATE
37

39. OPPORTUNITY TO INNOVATE
38
Understand your product’s benefits
38

40. OPPORTUNITY TO INNOVATE
39
Question the normal course of business

41. OPPORTUNITY TO INNOVATE
40
Simplified Cloud EPM pricing released in 2019
Reduces the barrier to entry

42. OPPORTUNITY TO INNOVATE
41
Think Outside the Box
Unprecedented opportunity to innovate

43. Q&A WITH THE SPEAKERS
Nick Boronski
@PocketACE_NB
42
in/PocketACEnb in/andrew-laferla-86644318
Andrew Laferla
Other Content You Might Like:
> Think Outside the Close YouTube mini-series by Nick Boronski on Alithya channel
> Operational Transfer Pricing in Oracle EPM blog series by Andrew Laferla
> Out-of-the-Box Features: PCMCS blog series by Alecs Mlynarzek
> Essbase Calculations: Elements of Style by Ron Moore – TODAY @ 3:00 PM EST in EPM Essbase/Planning
> Interstellar – The Thomas Jefferson EPM Cloud Journey by Vatsal Gaonkar and Michael Cain (TJU) –
TOMORROW @ 12:00 PM EST in EPM Essbase/Planning