oracle epm cloud for financial consolidation and close

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Oracle EPM Cloud for Financial Consolidation and CloseSession 10554

Rich WilkieSr Director, EPM Product Management


Safe Harbor Statement

The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle’s products remains at the sole discretion of Oracle.

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Copyright © 2018, Oracle and/or its affiliates. All rights reserved. | 3

How are you keeping up with the increased business complexity & reporting requirements?

More than 70% of companies have more than 5

reporting standards.

Sources: E&Y’ Connected reporting Responding to complexity and rising stakeholder demands: 2014

50% of companies increased staff in the last 3

years to keep up with requirements

Copyright © 2018, Oracle and/or its affiliates. All rights reserved. | Confidential – Oracle Internal/Restricted/Highly Restricted

EXAMINEYOUR CONSOLIDATION & CLOSEPROCESS

68%

57%

use Excel or e-mail to track the financial close, reporting, and filing process

State they have inadequate visibility across the close

86%

Say Non-Financial data is greater than 25% of required Filings

4Copyright © 2018, Oracle and/or its affiliates. All rights reserved. |

Source: The Challenge of Corporate Reporting Research Study carried out by Dynamic Markets on behalf of Oracle and Accenture.

Manage the entire process…


E&Y Confident Reporting, 2014

Just 27% say that they are highly effectiveat efficiency of production in corporate reporting,

and only 25% are very effective at speed of closing.

63% fewer FTEs used by Top

Performers in the Account-to-Report

Process.

Hackett A2R Performance Study, 2013


Evolution of Hyperion Consolidation and Close Solutions

6

Micro Control Hyperion Enterprise

Hyperion Financial

Management

Financial Consolidation

and Close

30+ years of experience and best practices allow us to constantly improve and evolve

Financial Data Management

Financial Close Management

Supplemental Data

Management


ISSUES OFTEN CONSTRAINING THE CONSOLIDATION & CLOSE PROCESS

MANUAL PROCESSES

INCOMPLETE INFORMATION

AUDIT ISSUES

LIMITED VISIBILITY

causing delays in the close and limiting high-value activities.

SECURITY QUESTIONS

LACK OF GOVERANCE


DO YOU HAVE…

- increasing regulatory reporting requirements such as IFRS 16 or local GAAP?

- a desire to streamline your close and perform more analysis on the results without increasing headcount?

- a single source for both financial & non-financial information?

- insight to real-time status of your close & a means of reviewing performance for continuous improvement opportunities?


The Complete Financial Close Process

Reconciliations04

Compliance06

Internal Reporting05

Post Sub-ledgers01

Consolidations03

Close General ledger02


The Complete Financial Close Process

Account Reconciliation 04

Tax Reporting 06

Enterprise Performance Rpt05

Cloud Financials01

Financial Consolidation & Close 03

Cloud Financials02

Copyright © 2018, Oracle and/or its affiliates. All rights reserved. |Copyright © 2017, Oracle and/or its affiliates. All rights reserved. | 11

EPM Cloud Today: Financial Close Domain

• Global reconciliation process fully integrated into financial close

• Instant visibility into progress of reconciliation lifecycle

• Transaction Matching module for automated high-volume & complex reconciliations

• Perform and monitor variance analysis

• Comprehensive built-in functionality to address management and legal entity consolidations

• Configurable, with limited need for customization

• Extended close process management with intelligent process automation

Financial Consolidation & Close

Account Reconciliation

• Narrative Reporting for Management, Tax and Statutory reporting use cases

– Annual reports

– Statutory disclosures

– Country by Country Tax reporting

• Comprehensive Tax Reporting solution: Tax Provision, Country by Country (CbCR), Uncertain Tax Positions, Workflow & Task Management

• Integration with Cloud and on-premises ERP, financial consolidation and reporting solutions

Tax Reporting Enterprise Performance Reporting


Focused on Best Practices from 30+ years experience

Extended close from sub-ledger to final reporting

Integration with ERP, EPM, & 3rd party sources

Consolidate and Report with ConfidenceFinancial Consolidation and Close


Best Practice

ConsolidationsSupplemental

data Close

CalendarDashboard Data

Management


Ensures the use of best practices for an accurate and efficient financial consolidation and close

Makes it easy for finance departments to meet global financial regulation requirements like IFRS and GAAP

Significantly reduces timescale, cost and risk in the financial consolidation and close process

Best Practice Consolidation Out-of-the-Box



Reduce the time it takes to complete the financial close

Ensure visibility and predictability in financial consolidation and close

Trust and reliability that the numbers are complete and accurate

No need to replace/alter existing transactional systems

Increase collaboration

Comprehensively Address the Extended Close Process



Secure anywhere anytime access to latest financial information that remove the dependency on finance for generating reports and analysis

Improve the security, consistency and quality of financial reporting

Contain / reduce audit costs

Confidence in compliance with regulations

Integrated, Secure and Auditable



Close in the Cloud – Beyond just consolidations

• Close Manager – totally integrated process orchestration (includes automation, task management, sign offs, etc) across ERP and EPM

• Supplemental Data – robust ad hoc data collection process useful for footnotes, disclosures, and supporting details

• Data Management – Integrate data from any source (w/ drillback)

• Consolidations* – Multi-GAAP, Statutory and Management, Complex Consolidations, Ownership management

• Reporting* – Financial Reports, Smart View, Dashboards

* Included with core HFM

Oracle Confidential – Internal/Restricted/Highly Restricted 16


Key design principles of Close in the Cloud

• Pre built functionality and out box of content– Based off 30+ years of consolidation experience

– Best practices from HFM, Enterprise and practical experience

– Easily enabled for future growth

• Configurations v/s Customizations

• Modern look and feel– Navigation like your iPhone/Tablet

– Heavy emphasis on reporting (dashboards, reports, Office, etc)

• Leverage EPM Cloud platform– Process (not product) driven navigation

– Innovations driven across the platform

– Single learning curve


FCCS - Consolidation CapabilitiesAll major HFM capabilities are now covered by FCCS

Currency Translation Adjustment 17.04

Copy & Clear 17.06

Movement enhancement for Balance Sheet Accounts 17.07

Configurable Calculations 17.11

Configurable Translations 17.08

Advanced Consolidations 17.12

Ownership Management 17.12

Journals – Auto reversing, Attachments 18.01

Configurable Consolidation Rules 18.04

Extended Dimensionality Under Preview

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Consolidation Process – Local Currency


Sample Custom Rule – Script mode

Support Script or Designer mode

Support most of Essbasefunctions

Available Function and Member Selector

Import / Export


Sample Custom rule – Graphical mode

Switch between script and designer mode

Drag and drop objects to designer

Support most Calc Mgr functionality

Validate and Deploy


Manage Ownership


Consolidation Methods


Configurable Consolidation

Confidential – Oracle Internal/Restricted/Highly Restricted 25


Editable System Calculations


Three now – more to come


Rule Set


Represents a journal entry


Rule


Represent lines of journal entry


FCCS - InnovationsExpanding beyond HFM

Integrated Business Processes 17.11

Intelligent Process Automation 17.12

Autonomous Consolidation 18.04

Infolets 18.04

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Autonomous Consolidations


• Enabled by customer• Configurable by scenario,

year and period• Impacted status launches

consolidation in background

• Major benefit• Faster Consolidations• Less time spent

executing consolidation job

• Better user experience


FCCS - HardeningListening to our customers

Metadata Best Practices 17.111. Simplified Editor with Validations

2. Metadata Check

3. Referential Integrity

4. Governors

Consolidation Running Logs 18.02

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Recent Highlights R&D Underway Looking Forward

For Event Use Only. The above is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle’s products remains at the sole discretion of Oracle Corporation.

• Ability to use Close Manager and Supplemental Data Manager Standalone

• Adv. Consolidations• Manage Ownership• Proportional Consolidations• Equity Eliminations/Min Interest• Org by Period• Configurable ules

• Configurable translations• Integrated EPM Business Processes• Config calculations• Close Manager

• Intelligent Process Automation• Team based assignments• User defined reporting

• Supplemental Data Manager• Team based assignments

• Extend custom dimensions• Supplemental Data Manager

• Additional calculation rules• Smart View for Data Sets

• Intuitive and searchable error logging for easy debugging

• Archiving of data• Autonomous Consolidations• Favorites/Last Used• UI Integration with ERP Cloud• Process Control• HFM Migration Toolkit

• Journal Entries• Integration with any ERP• Recurring• Single click create

• Adv. Consolidation• Automatic Journaling• Ownership register• More pre-seeded rules

• Calculations• Ability to call specific calculations

• Intercompany Matching• Security as partner• More matching options

• Event based alerts

Oracle EPM Cloud: Financial Consolidation and Close


Intelligent Process Automation

Manage Optimize Predict

Close Calendar EvolutionClose

Calendar


• Task Management

• Close Templates

• Schedules

• Dependencies

• Reports

• User Defined Attributes

• Workflow

• SmartView Add-in

Close Calendar – Manage


• Compliance Dashboard

• Email notifications

• Team Assignments

• Alerts

• Intelligent Process Automation

Close Calendar – Optimize


Intelligent Process Automation

Automated manual/menial tasks across On-Premise and Cloud

applications integral to the financial and tax close to reduce risk and

increase efficiency.

Impact to financial & tax close


Intelligent Tasks

• Automated Tasks–A task that runs in the background without any user interaction required.

• System Monitoring–A task that a user can use to monitor a particular event that happened

on an external system.

• End Users–A task that requires the user to interact with a user interface to complete

the task

• Autonomous –“Self initiating” financial processes


Oracle EBS, PeopleSoft, JDE, Fusion

APPs, SAP R/3

Other Systems

EPM Cloud

ERP Cloud Services

Integration Connector

EPMCloud

EPMCloud

Intelligent Process Automation - Flow


Connected

Analytics

Social

Automated

Best practice consolidation & close processes, intuitive, rapidly deploys

COMPLETE CLOSE SOLUTION OUT OF THE BOX

Available on the Oracle Cloud

No pre-requisite products

Easily integrates

Can stand-alone

Fast time-to-value

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FCCS Benefits

• Single EPM platform

• Configure not customize

• Leverage best practices

• Always up to date

• Built on 30+ years of Hyperion expertise


FCCS Customers


Drastically reduce the time & cost to close with Oracle Financial Consolidation and Close Cloud Service

Take your Consolidation & Close Process to the Cloud

Find out more – Read our whitepaper

Watch a live demo

Give us 2 hours to show you a tailored demo

https://cloud.oracle.com/en_US/fcc-cloud?resolvetemplatefordevice=true&tabID=1385171204319

https://cloud.oracle.com/en_US/fcc-cloud?resolvetemplatefordevice=true&tabID=1385171204319

oracle epm cloud for financial consolidation and close

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