In this webinar on demand, your can review how organizations face numerous challenges in managing financial performance and how they can gain actionable insights to drive growth and profitability. To address these challenges, in collaboration with Oracle, Smart ERP Solutions brought you an exclusive webinar to explore the transformative capabilities of Oracle EPM.
2. Lynn has spent over 25 years in the IT industry working across ERP, BI and product development
domains with a focus on client success, sales, business development and consulting. Her previous
organizations include PeopleSoft/Oracle, BellSouth, GEAC and several different healthcare
organizations.
3. SmartERP Solutions | Global Expertise with Local Presence
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Dubai
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INDIA
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HQ
Pleasanton, CA
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Founded in 2005
by former Oracle
Executives, Architects,
and Consultants
Implementation Partner
Oracle Cloud, NetSuite,
PeopleSoft, EBS and JDE
Solutions and Services
A unique blend of fixed fee
Solutions and Services
300+ Clients
Worldwide clients for life
across various industries
350+ Employees
Certified experts around the
world – 24x7x365
4. Rajeevan Dhanaraj is the Oracle EPM practice lead for both on premise and Cloud at Smart ERP
Solutions. Rajeevan has18+ years of experience in the Oracle EPM Suite of products.
He has completed 29 successful implementations of Oracle EPM systems with Oracle/SAP General
Ledger integration using tools including but not limited to Essbase, PBCS, FCCS, ARCS, HFM, HPCM,
HCM, FDMEE, DRM, and ODIEE.
5. 5
Oracle EPM Cloud | Our Focus
ARCS – A platform to manage and monitor the
accounts reconciliation process with a worldwide
visibility and control
ARCS and FCCS – Helps manage and monitor
the entire close process with Configurable features
including Intercompany Eliminations(automated),
Multi-Currency Support, Journal Workflow and Multi-
GAAP Reporting
Narrative Reporting & Disclosure
Management – Streamlines the entire
Collaborative Reporting process from content to
versioning to workflow
PCMS – A platform for Performance Reporting
that combines Financial and Operational Data
that allows users to easily perform multi-step
allocations and calculations
Tax Reporting - A general platform for
process improvement for the corporate tax
function that allows direct access to financial data
from general ledgers or financial consolidation
system to streamline tax provision process
Planning – To model and plan across finance, HR, supply chain, and sales, streamline the financial close process, and to drive
better decisions
EDM – Helps manage changes in business by ensuring consistency across enterprise data and even across different
applications
ARC - A platform to manage and monitor the accounts reconciliation process with worldwide visibility and control
FCC - Helps manage and monitor the entire close process with configurable features including Intercompany
Eliminations(automated), Multi-Currency Support, Journal Workflow and Multi-GAAP Reporting
Narrative Reporting - Streamlines the entire Collaborative Reporting process from content to versioning to
workflow
PCM - A platform for Performance Reporting that combines Financial and Operational Data, allowing users to easily
perform multi-step allocations and calculations
Tax Reporting - A general platform for process improvement for the corporate tax function that allows direct access to financial
data from general ledgers or a financial consolidation system to streamline the tax provisioning process
6. Agenda
Customers and Client Stories
Financial Close Suite and Other Products
Financial Planning
What you get?
Why Oracle EPM?
7. What solution(s) do you currently use for
your enterprise performance management?
A. Adaptive Insights
B. Anaplan
C. SAP BPC (Business Planning Consolidation)
D. Blackline
E. Host Analytics
F. One Stream
G. Excel Spreadsheets/Google Sheets
H. Other
I. No System Currently in Place
8. Uncertain Times
COVID -19
“Since the outbreak,
organizations have
embraced the real-time
analytics that EPM
provides to constantly
re-design their business
strategies to outsmart
the challenges that this
pandemic has been
throwing”
9/11
“Many Airline and
transportation giants
benefitted from the
intelligent insights that
EPM offered and were
able to remain stable
during trying times like
9/11”
2008
“Financial institutions
banked on the global
transparency that EPM
provided to wade
the stormy waters of the
2008 crisis”
11. Is your Finance Team using manual processes
such as reporting and data manipulation?
A. Our process is automated
B. Our process has some automation
C. Our process is manual
D. Unsure
14. 14
Intelligent Planning
Financial Planning and Budgeting
Solutions
Capitals Planning and Budgeting
Solutions
Workforce Planning and
Budgeting Solutions
Projects Planning and Budgeting
Solutions
Strategic Planning and Budgeting
Solutions
Budget Forecast Strategic Plan
Precision Planning
Bottom-Up
Driver and Trend-based
Planning
Allocations and
Consolidations
Rolling Forecasts
Predictive Planning
Iterative and assumption-
based forecasting
Integrated to LRP and Oracle
Fusion Cloud
Finalizing Targets
Driver-based Multi-Scenario
modeling
Risk definition for
organizational overhaul,
M&As
Top-down
15. 15
Planning| What you get?
Financial Planning
Capital Assets Planning
Workforce Planning
Projects Planning
Strategic Modeling
• Plethora of best-in-class OOTB
features on top of customized
solutions
• Scalable modules that can be
implemented phase-by-phase
• Connected inside out
17. Financials
Revenue-Expense Planning
Accurate planning of revenue and gross margin through specific drivers
Precision planning of expenses through industry best-practice drivers
Pre-built integration of expenses from workforce and capital modules
Balance Sheet Analysis
Integration with Income and Cashflow Statements with industry specific
configurations
Cash Flow Analysis
Fully integrated cash flow
Cash Modeling from operations
Planning for short, medium, and long-term time horizons
Financials Planning
Capital Assets Planning
Workforce Planning
Projects Planning
Strategic Modeling
19. Capitals
Capital Assets Planning
Financial Planning
Workforce Planning
Projects Planning
Strategic Modeling
Capital Investment Planning and Management – Tangible /
Intangible
Cashflow and funding plans for investments and leased assets
New capital assets planning
Out-of-the-box calculations for depreciation and amortization during the
lifespan of the asset
Effective modeling of asset-related expenses
Automated processes such as retirements, transfers, and improvements
New and existing intangible assets planning, including cash flow planning and
impairments
Capital Expense review through
Asset Summary Reports
Variance Analysis
Impact Analysis on Cash Flow, Balance Sheet and Income Statement by
asset class and business unit
21. Workforce
Workforce Planning
Financial Planning
Capital Assets Planning
Projects Planning
Strategic Modeling
Plan – Compensation expenses through OOTB driver-based
planning
Align – Functional to Strategic goals, while integrating with HCM
(Oracle/Others)
Maintain – Complex employee expense calculations with hi-tech
wizards
And through SWP,
Strategically align the organization’s long-term strategy and
expense planning with HR’s strategy for hiring and training
23. Projects
Projects Planning
Financial Planning
Capital Assets Planning
Workforce Planning
Strategic Modeling
Model all project types
Long- and Short-Term Projects’ Cost Planning using OOTB drivers for
Internal projects, such as IT, R&D, marketing campaigns
Contract-based projects
Projects across more complex industries, such as construction, engineering,
and professional services
Detailed Project Planning
Planning at expenses at individual employee level
Planning asset-related costs
Track project performance
Use of prebuilt metrics to track revenue, expenses and cash flow
Leverage performance indicators such as NPV, payback, and ROI
25. Strategic Modeling
Strategic Modeling*
Financial Planning
Capital Assets Planning
Workforce Planning
Projects Planning
Align Strategy with Plan
Align the organization’s strategic plans
with the operational plans
Model for Uncertainty
Stay ahead of the frequent uncertain
curve balls that the extrinsic forces may
throw at the organization through
scenario analysis
Optimize Capital Structure
Grow leaps and bounds by precisely
planning Debt-to-Equity
Features include:
LRP
What-If and Scenario Analysis
Monte Carlo Simulation
Predictive Planning and Auto-Predict
Process Automation
*Included in EPBCS
26. Elevated User Experience
• Role based Navigation Flow
• Convenience
• Security
• Precision
• Approval Structure
• Desktop, Laptop and Mobile accessible
• Real-time data
• Oracle Smart View for Office
Jane Doe
Jane Doe
27. In what areas would you ideally like to see your
performance management process improve?
(Please select all that apply)
A. Planning
B. Budgeting
C. Strategic Modeling
D. Forecasting
E. Data Consolidation
F. Reporting
G. Analytics
H. Allocations
I. Investment Management
J. Tax Reporting
K. None of the above
29. Account Reconciliation Cloud
Automated account reconciliations
High volume transactional reconciliations
Journal Entries
Zero-Balance reconciliations
Intercompany reconciliations
Auto-suggested matches
Provides visibility and control over the entire process and
real-time reporting
Customizable formats, rules and account profiles
Ensures all reconciliations are correctly qualified with
automated variance reports and compliance dashboards
Evidence Audit support
Full integration with the Close process
30. Financial Consolidation and Close
Configurable features include Intercompany Eliminations
(automated), Multi-Currency Support, Journal Workflow, and
Multi-GAAP Reporting
Customer-specific configurations will continue to work with the
pre-built dimensions, reports, calculations, data entry screens,
and future enhancements
Built-in task orchestration and close management analysis using
Task Management
Ability to centrally manage and post journals
Reporting using Oracle Hyperion Financial Reports, Oracle Smart
View for Microsoft Office, and in-built dashboards with
automated Cash-flow reporting
Supporting schedules for the collection of detailed information
helping support balances using Supplemental Details
Out-of-the-box, yet configurable, complex consolidation support
to re-classify, adjust and eliminate reported data
Easy-to-create templates help with signoffs, validations, and drill-
back from source to create footnotes, statement analysis, and
track detailed information
Financial
Consolidation
Currency
Translation
Intercompany
Elimination
Adjustments
Financial
Consolidation
and Close
31. Tax Reporting
Provides
OOTB reporting for Tax provision
Tax Account Roll Forward Form (TAR)
Country by Country Reporting (CbCR)
Calculate the tax provision(lowest level to consolidated tax disclosure) and
automatically generate tax journal entries
Import tax return details directly from tax return software
Export tax provision and trial balance to the tax compliance software at
the push of a button
The corporate tax group can collaborate on local files with users around
the world by incorporating tax reporting details into Narrative Reporting
Data collection, calculation, and analysis can all be automated, including
supporting work papers for tax provision, tax compliance, research and
development (R&D) credit, uncertain tax positions, and any tax data
Ability to maintain a tax calendar with important dates and workflow
Tax Provision
& CbCR
Workflow and
Tax
Management
Supplemental
Data
Dashboard
33. Profitability and Cost Management Cloud
Flexible and Secure Modeling
Cost, Profit, Shared Services, Tax Transfer Pricing & Regulatory Costs
Side-by-Side analysis of New vs. Old allocations
Provides detailed data for management reporting from many
systems
Ownership
No script models entirely owned by Business owners
Business owners and experts can easily change assumptions,
allocation methods
Expand and changes models to match changing business
Flexible Allocations
Combine financial data with operational metrics and business
drivers
Easily model resources that are used by different parts of the
company
Easy-to-read cost and profit traceability maps; Step-by-Step
validation reports
Analysis
Create and access Dashboards and Graphs, ex., Profit Curve
Adhoc Analysis using SmartView
GL
Performance Ledger
(Secure Sandbox)
Data & Dimensions
outside of GL
Performance
Management Reports
Profitability and Cost
Management Cloud
34. Narrative Reporting
Source
Allows working with current data from Oracle and non-Oracle
sources
Allows combining data with textual narration in a single report
Comes equipped with a Report Writer - lets to bring in charts and
grids sourced from Oracle Cloud EPM, Oracle Cloud Financials, and
Oracle Essbase
Security
Secure access for authoring and reviewing processes
Visibility of changes and contribution with a full audit trail
Roll-over previous reports to reuse common content
Publication & Distribution
Group, distribute, and access report content securely via mobile,
web, or Microsoft Office
Review content using SmartView
External & Regulatory Reporting
Annual Reporting
Country by Country Reporting (CbCR)
Publish in multiple regulatory formats
Report Packages
• The unifying structure for any report that provides
content, workflow, and process management.
• Made up of Doclets – existing Word, Excel, PPT,
PDF reports or Management Reports from
Enterprise Performance
35. Enterprise Data Management
A system of reference that helps manage and govern
structural changes across the organization
Transformational
Routine
Visibility across Oracle and non-Oracle applications
Flexibility to work in hybrid and multi-cloud environments
Power of 4 As
Accelerate Cloud Adoption
Assimilate Business Transformation
Align Enterprise Applications
Audit Governed Assets
Request-driven approach
Record, Visualize, and Validate changes
Adaptive workflows for approvals, RACI framework
36. FreeForm
SaaS alternative to Essbase solutions
An application with NO dimension requirements
Open dimensional solution
Simple application creation process
Importing Essbase Outline or Migrating a Snapshot
from an on-premise deployment 11.1.2.400, or
Creating BSO Hybrid Cube using application wizard,
or
Creating ASO Hybrid Cube using application wizard
Preserved ability to leverage Planning capabilities
Support Groovy scripts for custom functions and business
rules for calculations
Available with EPBCS
One application per service instance
Can be accessed using Oracle Smart View for Office or
Oracle Enterprise Performance Management Cloud
screens
39. We are excited
to dive into the new
system
Victoria Heinz
Finance Controller
CASE
STUDY
Home Sales
Management
About Client
Background
Key Benefits
New Home Star is a modern new home sales management
firm with a vision to leverage technology and top sales talent
to drive smart sales processes. They focus on the growth and
performance of their sales professionals, providing excellent
career paths and training opportunities to build a dynamic
team of sellers that’s always advancing.
Initiative
Move to the Cloud
Organization Size
700
The engagement started in 2022 when NHS selected SmartERP
for the Oracle Cloud ERP / EPM Implementation. The
successful Go Live of the Project happened on Jan 1st, 2023,
and currently SmartERP is the support partner.
• Overall reduction in open tickets and time to resolution
• Fewer application issues after Oracle releases
• Timely support during month end close and
troubleshooting and development of financial reports
40. SmartERP has
delivered what we
need, how we
needed it!
Dalerick Carden
Finance Controller
CASE
STUDY
Reinsurance About Client
Background
Key Developments
Crawford & Company is the world's largest publicly listed
independent provider of claims management and outsourcing
solutions to carriers, brokers and corporates, with an
expansive global network serving clients in more than 70
countries.
Initiative
Move from a legacy
system
Organization Size
9000
Global EPM and ARCS implementation went live in 2021 and
EDM in 2022. Included transitioning from legacy systems and
supporting multiple source systems. SmartERP is currently the
support partner for the 3rd year since implementation.
• Seamless Financial Report Bursting to senior management
on a monthly basis. Total no. of reports: 300+
• Consolidated Allocations from “n” number of combinations
from legacy systems curated into a handful of highly
effective custom business rules.
• Quick monthly close process through automated
reconciliations and custom formats built in ARC.
• Centralized management of “Master Data” through EDM.
41.
42. A. Just Smart Form I-9 (Free)
B. Both Smart Form I-9 and E-Verify (Free)
C. Smart Applications with Smart Onboarding ($)
D. Full Suite with HR Integration ($)
E. Full Suite with HR Integration plus other apps ($)
F. Not Sure?
Use the question feature in your Zoom application
Can do Revenue & Expense Planning using Drivers & Trend based formulas
There are several OOTB Trend based like Actual Average, Prior Year Actuals, Prior Year Actual aveage with Seasonality, etc
This leads to accurate planning of revenue and expenses
There’s a seamless connection between Capital and Workforce modules to capture Depreciation & Compensation expenses Respectively
With Capital Module, you can Plan your assets both tangible and Intangible assets
The Application has a seamless Depreciation and Amortization and it flows into Income statement of the financials seamlessly
This module has a connection with Projects planning, if you want to capitalize a Capital Project.
Cash Flow Analysis and Asset Management is very simple and straightforward.
In the Workforce Module, you have options to plan compensation expenses at Department/Entity level or at an individual employee level
Workforce has capabilities to calculate salary and Benefits and the ability to configure state based taxes and benefits along with Federal Taxes
Once the Compensation expenses are calculated, these expenses can also be seamlessly pushed to Financials to impact the Profit and Loss Statement
Projects Module provides great amount of planning for Revenue Projects, Internal Projects, Capital Projects & Cost Plus Project.
The Capital projects is an excellent module to plan a Capital Project and capitalize to a Capitalized Asset
You can plan Revenue projects and the revenue can be pushed to Financials seamlessly
From Slide
The Account Reconciliation Module is a essential tool for Finance Controllers to ensure the General Ledger and Sub Ledger Balances, also the GL Balance and the Bank Balance matching.
Several OOTB profiles ensure easy and efficient reconciliation
The Transaction Module helps in matching High Volume transactions between systems such as Billing and Bank transactions
Read from slide
It’s not HFM in cloud, it’s based on much powerful Essbase Engine
Mobile Ready, can be used with Phone or tablet
Close Manager combines task from all modules like EPBCS, ARCS & FCCS
Contributions, Consolidations & Equities Share can be Managed in FCCS
Multi-GAAP compatible
Supplemental Data can be captured in this system
Most of old HFM rules are OOTB in FCCS