Atlanta Oracle Applications User Group Member Spotlight

April 15, 2005

Mark Clark and Greg Keith

Agenda

Who is AMVESCAP?

Oracle Applications Environment

Lessons Learned / Future Projects

Who is AMVESCAP?

One of the largest independent investment management groups

Strives to deliver outstanding retail (mutual fund) and institutional products and services

$380+ billion in Assets Under Management

50+ offices worldwide

Growth through mergers and acquisitions

Entrepreneurial and autonomous culture

Our Brands

Global Footprint

U.S.60%

Non-U.S.40%

As of 9/30/04

U.S.62%

Non-U.S.38%

Revenues Profit

Who We Are / Were

Mark Clark► During implementations, was the Controller for our AIM

division in Houston

Greg Keith► Corporate-level IT project manager

Original Oracle Applications Environment

1997-98 – AIM first implements 10.7 SC (AP, GL, FA, CM, PO, Projects)

1999 – INVESCO US offices implement within the same instance and adds AR

2000 – AIM implements Inventory and Order Entry for Sales Literature Warehouse

2000 – AMVESCAP purchases Trimark and merges their existing 10.7 environment into our instance

Problems Faced

By 2002, AMVESCAP faced:

Looming Oracle de-support of 10.7

Finance groups outside of North America that were on 14 separate GL systems

Consolidation and reconciliation that was problematic given tight reporting timelines

Intercompany transactions that were difficult to process – manually intensive

The Solution

Sun32.exe.lnk

GLOBAL

LOCAL

After

GL

AP

AR

FixedAssets

Inter -Co

CashMgmt

Purchasing

Local technology decommissioned

GLOBAL

LOCAL

Before

iExp

Utilized Bearing Point for PM and 11i Expertise

Coordinated with AMVESCAP’s Houston-based application development and support team

No additional modules were implementedUtilized Bearing Point for PM and 11i Expertise

Pulled regional Finance staff full-time onto the project team (5 people from UK and Dublin)

Implemented base modules from the North American implementation plus iExpenses module

Dual Projects

North America

Global

Project Progressions

Initiation CoA Design

North American Upgrade

Dublin Pilot UK Rollout

Continental Europe

Asia Pacific

Locations North America

► Houston► Atlanta► Toronto► Denver► Louisville► New York► Boston► Dallas

Global► London► Henley-on-Thames► Dublin► Hong Kong► Frankfurt► Brussels► Melbourne► Paris► Tokyo► Milan► Teipei► Singapore

Chart of Accounts Design

For AMVESCAP, the key to a successful implementation was the design of a single Chart of Accounts structure.

We needed a structure that was:► As simple as possible► Flexible► Supportive of a variety of Statutory and Management

reporting requirements► Providing a framework for future reporting needs

AMVESCAP Chart of Accounts

EntityEntity Dept/CCDept/CC NaturalAccountNaturalAccount

SubAccount

SubAccount

Inter-company

Inter-company

44 66 44 55 44

Fund/ProductFund/

Product

66

ChannelChannel

44

MiscMisc

66

AMVESCAPAMVESCAP AMVESCAP(Ranges)

AMVESCAP(Ranges) AMVESCAPAMVESCAP LocalLocal AMVESCAPAMVESCAP LocalLocal AMVESCAP

(Ranges)AMVESCAP

(Ranges) LocalLocal

Ownership

YesYes NoNo YesYes NoNo Yes,For I’co Tx

Yes,For I’co Tx NoNo NoNo NoNo

Required

Expected and Realized Benefits

Enabled financial reporting from Oracle rather than another reporting tool

Enabled implementation of the Global Intercompany System to clear intercompany transactions

Enabled an efficient Shared Services environment – Accounts Payable, Payroll, etc.

Enabled relationship reporting across business units – vendors, customers, etc.

Single CoA structure reduced required IT maintenance

Unanticipated Benefits

Consolidation of business locations was accomplished much easier

Served as the common reference tool for implementation of Sarbanes 404 under COSO approach

IT Shared Services Environment Application Development and Support

► 1 Manager plus 6 Developers, including 4 with 5+ years of Oracle Financials experience

Dedicated Database Administration Support

Network and Telecommunications Support

Houston Data Center 24x7 Support

Upcoming Projects

Upgrade to 11.5.10

Global Consolidation System

Sarbanes – Oxley Tool

Questions and Answers

Thank You!