OpenWorld 2016 CON7518 - static.rainfocus.com€¦ · Introduction and Update: Oracle Hyperion Financial Close Suite Rich Wilkie Sr Director, EPM Product Management September 22,

Copyright © 2016, Oracle and/or its affiliates. All rights reserved. |

OpenWorld 2016CON7518Introduction and Update: Oracle Hyperion Financial Close Suite

Rich WilkieSr Director, EPM Product ManagementSeptember 22, 2016

Confidential – Oracle Internal/Restricted/Highly Restricted


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.

Confidential – Oracle Internal/Restricted/Highly Restricted 2


Session Agenda

1

2

3

4

Close Overview

Oracle Solution

Roadmap

Customer Success

• Michael Pilch and Geordan Drummond

3


Session Agenda

1

2

3

4

Close Overview

Oracle Solution

Roadmap

Customer Success

4


Today’s EnvironmentObstacles Exist

Technology Methodologies Management Focus

• Multiple source ‘systems’

• Data quality issues

• Excel Calculations & Reporting

• Rigid inflexible systems

• Complex close

• Disconnected processes

• Decentralized rules &

methodologies = no standards

• Data collection exercise

• Poor allocation of time

• Limits strategic value of data

• Extended Close Cycle

Current State

28 day

Reporting cycle

Limited time left for

Strategic Review

Distribute

& Collect

Consolidate

& Review

Analyze, Process

Decisions & Execute

%

of time

spent


Sub Ledger CloseGeneral

Ledger CloseData

AssuranceConsolidation

Internal Mgmt Reporting

External Financial Reporting

Filing

Tracking a reporting process: Financial Close

Oracle Confidential – Internal/Restricted/Highly Restricted 6

Run consolidations,

promote to review level 1

Final payroll run

Post all AP invoices

Reconciled GL to Sub Ledger

Post all AR invoices

Post Adjustments

Run allocations

Load actuals to

consolidation

Create & Post Late Adjustments

Run TB & Review

Transfer GL to Sub Ledger

Substantiate Balance Sheet

Substantiate Balance Sheet

Load budget data

Reconcile &sign off product control

Maintain metadata &

keep aligned to ERP

Intercompany reconciliation

Analyse & annotate variances

Enter preliminary flash data

Close out retail banking systems

Close Accounting Sub ledgers

Transfer Entity to group GL

Send approved docs to printer

Update iXBRL tags

Create, approve & post late adj

Review ageing & create provisions

Manage rounding & footing

Distribute for MDNA & other

notesCollate

supplemental data

Day 1

Day 2 Day 3

Day 4

Day 5 Day 6

Day 7

Day 8

Day 9

Day 10

Day 11........

Sign off final copy of reports for publication

Reconcile Gl to consolidated

numbers

Distribute reports for

review


Proven Methodologies to Improve Consolidations & Reporting

Technology Methodologies Management Focus

• A single close solution• One point of administration• “One version of truth”• Confidence in your data

• Simplified & streamlined close• Integrated close process• Centralized & standardized business

rules

• Simpler data integration• Reduced consolidation & reporting cycle• Time shift to strategic analysis & reviews• Promotes greater participation

Distribute

& Collect

Consolidate

& Review

Process Decisions

& Execute

%

of time

spent

Current State

Faster cycle, better

allocation of time

Best Practice

Distribute & Collect

Consolidate & Review

Analyze, Process

Decisions & Execute

ConstantDollar

Transfer Pricing

Multi-GAAP

BoardPresentations

Multiple

Consolidations

ScenariosJoint Ventures &Minority Ownerships

Currency Translation

Top-side Adjustments

Alternate Rollups

Consolidations Database

Interco Matching & Elims

Tax

Provision

6 – 12 days

Reporting cycle


30+ Years Delivering Evolving Compliance

8

1982

1988

1989

1997

2001

2002

2005

2010

2011

2012

2015

Close Process, Disclosure Management, XBRLReporting

Accelerated Filings, IFRS

Sarbanes-Oxley, SAS99, COSO

Euro – Euro Transition

FAS131/IAS17 – Segment Reporting

FAS95/IAS7 – Cash Flow Reporting

FAS94/IAS27 – Minority Interests

FAS52/IAS29 – Fx Trans

Global Reporting Initiative – Sustainability Reporting, EIOPA – Solvency II

Tax Provisioning

Hyperion Enterprise

Hyperion Financial Management

3,500 Customers

Hyperion Financial

Close Suite

Micro Control

Cloud Based Consolidation


Session Agenda

1

2

3

4

Close Overview

Oracle Solution

Roadmap

Customer Success

9


Oracle Hyperion Financial Close SolutionReport with Confidence

10

Disclosure Management

Financial Mgmt & Reporting

Financial Close Management

Finance Dashboard

Enterprise Performance Management Platform

ERP: Oracle, SAP,

Legacy, OtherData Assurance

Financial Consolidation

Tax Management

Tax Provisioning

Tax Goverance

Copyright © 2016, Oracle and/or its affiliates. All rights reserved. | 11

Hyperion Close Suite• Market Leading & Widely Adopted

Complete Suite of Solutions for the Entire Close Process

• Finance Owned & Operated

• Configurable by Business

• Easily Collects Information outside of G/L

• MS Office Integration

• Supports Multiple Reporting Hierarchies & Scenarios


What is it?Board Quality FinancialStatements

Spreadsheet Analysis

Real-time Operational Reporting

Allocation Manager

Close CalendarAccount ReconciliationSupplemental Data

Tax ProvisioningOperational Transfer Pricing

External Reporting (XBRL)


Communications Media Financial Services Consumer Technology

Energy Industrial Retail Life Sciences Services/Other

Oracle Financial Close Suite Customers4000+ Worldwide

http://www.kemet.com/

http://images.google.com/imgres?imgurl=https://investor.mfglobalsecurities.com/Images/public_mf_global_logo.gif&imgrefurl=https://investor.mfglobalsecurities.com/&usg=__8rtzJaAdigF8VVYZf3-M9SB7ir4=&h=94&w=239&sz=7&hl=en&start=1&tbnid=3ZP5oiHcOm8-gM:&tbnh=43&tbnw=109&prev=/images?q=MF+Global+logo&gbv=2&hl=en


Session Agenda

1

2

3

4

Close Overview

Oracle Solution

Roadmap

Customer Success

14


HFM 11.1.2.4.200 – Available Now

• Journals Workbench

• HFM Insights

• Rules Profiling

• Charts/Graphs – Forms/Grids

• Import application

• DB hardening – RAC and network connectivity



HFM 11.1.2.4.300

• Expanded Dashboards

• Archiving

• Web based metadata

• Add’l Insights statistics

• Performance improvements – SV, DB batch processing, etc.

• Automatic Consolidations

• Improvements in Journals SV extension (e.g. run report)



Oracle HFM: Current Release and Roadmap

• Expanded platform support for Exalytics platform• Massive performance improvements for any

platform• Consolidations• Data loads• Maintenance• Security• Data Queries• End User Interactivity

• Oracle Diagnostic Logging (ODL) for faster troubleshooting

• Calc Status updates for smaller database sizing• Web profile editor• Metadata Merge Utility• Emdedded OFMA

• Journals Workbench• HFM Insights• Rules Profiling• Charts/Graphs – Forms/Grids• Import application• DB hardening – RAC and network connectivity• panded Dashboards• Archiving• Web based metadata • Add’l Insights statistics• Performance improvements – SV, DB batch

processing, etc.• Automatic Consolidations• Improvements in Journals SV extension (e.g. run

report)

• Journals Module Enh• Attachments• Impact Analysis

• Intercompany Reporting Enh• By Custom Dimension• Reporting from FR/Smart View

• Automatic Consolidation Enh• Expand for other calc types• Optimizations

• Reporting• EPRCS auto-integration

• Platform updates

Release 11.1.2.4Feb 2015

What’s Next0-18 month

Future DirectionsPost 18 month

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.

September 2016


• Upgraded applications from 11.1.1.3 to 11.1.2.4

• Significant reduction in consolidation times.

• Expanded UI feature set that 11.1.2.4 offers

• New installation

• Reduced offline consolidation process which has allowed the team time to perform analysis on the business

• Streamlined consolidation of Actuals data

• Upgraded applications from 11.1.2.0 to 11.1.2.4

• Compatibility with 3rd party softward(OS, Office etc), Mobility and Performance

• Upgraded applications from V4 to 11.1.2.4

• Automated data loads and added extra dims for analysis

• Expanded app to account for ownership and acquisitions

Success Stories

Confidential – Oracle Restricted

Radiation Sterilization Provider


Oracle FCM: Current Release and Roadmap

• Simplified Administration Interface • Fast form load and navigation• Quick cell navigation and scrolling within grids • Instant calc and instant aggregations• Excel Type Grid capabilities• Custom printing of forms• Hybrid BSO Essbase Support (licensed)• End User driven dashboards• Excel Formatting in Planning Forms• Job Scheduler• Member on the Fly • Predictive Planning: Quick Predict• Predictive Planning: Chart Series Manipulations• Project Financial Planning

• Incremental deployment• Vendor dimension• P6 Integration

• ARM• Enhanced Re-Open and Rejection of

Reconciliations• Substantiation of Balances on All Formats • Edit Transactions Directly on List • Enhanced Action Plan

• SDM• HFM Cell Validation• Reassign Users• Currency translations• Prepopulated rows• Simplified data set load• Smartview View All• FDMEE Integration

• CM• Change Ownership of Running Tasks • Delete Tasks on Open Schedule • Clearer Save vs. Submit of Tasks• Disable Submit button for tasks in locked

schedule

• ARM• Easier Grouping of Accounts into Recs • Enhanced Sync of Open Items Across

Periods • Transaction Matching

• CM• Import User Entry Fields to Running Tasks • Maintain Parent/Child Relationships Across

Templates• Better Error Reporting on Nested Templates

• SDM• Instruction Enhancements• Calculated Value Override• Dimension Referencing Another Dim• Dimension Reference Override• Logical Delete

Release 11.1.2.4Feb 2015

What’s Next0-18 month

Future DirectionsPost 12 month

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.

September 2016


• EPM Innovation

• Web-based report authoring

(Remaining items)

• Charting Engine (Remaining items)

• Enhanced support for Books and

Batches in MS Office •Enterprise Readiness

• Updated Repository to replace R&A

/ Foundation Repository

•EPM Innovation• Web-based report authoring

(Phase 1)

• Updated Charting Engine (Phase 1)

Cloud & On-Premises

March 2016 (16.03 & 11.1.2.4.701)Future Direction

• EPM Innovation• PSPB Decision Package Text

Functions• Enterprise Readiness

• Support for Planning and HFM thin

ADM drivers

• Ability to Edit Annotations

11.1.2.4

January 2015

Oracle Hyperion Financial ReportingCurrent Releases and Roadmap


• Create, insert and position objects (grids, charts, image, textbox)

• Grid dimension layout, member selector

• Set object properties

• User & Grid POV

• Format cells, rows, columns

• Header / footer, text box with text functions

• Insert data, formula, text rows and columns

• Change database connection

• HTML and PDF output

• Charting

• Save Reports and Snapshots

• Edit one report at a time

21

FR Web Studio: Phase 1Release: March 2016


• Conditional formatting and suppression

• Related content

• Auto Calculations

• Save Objects

• Sorting

• Row/Column templates

22

FR Web Studio: Post Phase 1Monthly phased releases through Fall 2016

• Edit multiple reports at the same time

• ‘Same As’ member selection function

• Grid Format Cell > Replace


Updated Charting Engine

• Utilizes an updated chart engine for an overall improved charting presentation and user experience.

– Replaces the previous charting engine

• Planned phased release approach:

– Phase 1: March 2016 (16.03 / 11.1.2.4.701)• Current chart engine functionality, additional pre-set

color themes

– Phase 2: Monthly phased releases through Fall 2016• Additional chart properties

• Better control over chart formatting, axes and legends


Session Agenda

1

2

3

4

Close Overview

Oracle Solution

Roadmap

Customer Success

• Michael Pilch and Geordan Drummond

24


Other sessions to attend

25

Session ID: GEN6336Session Title: General Session: Executive Briefing on Oracle’s EPM Strategy and Roadmap

Room: Moscone West - 3008Date and Time: 09/19/16, 04:30:00 PM - 05:30:00 PM

Session ID: HOL7438Session Title: Hands-on Lab: Oracle Financial Consolidation and Close Cloud Service

Room: Hotel Nikko - Monterey (3rd Floor)Date and Time: 09/19/16, 11:00:00 AM - 12:00:00 PM

Session ID: CON7497Session Title: Application Integration: EPM, ERP, Cloud, and On Premises—All the Options Explained

Room: Moscone West - 3018Date and Time: 09/22/16, 10:45:00 AM - 11:30:00 AM



26

Session ID: CON7517Session Title: Introduction to Oracle Financial Consolidation and Close Cloud Service


Session ID: CON7518Session Title: Introduction and Update: Oracle Hyperion Financial Close Suite

Room: Moscone West - 3020Date and Time: 09/22/16, 09:30:00 AM - 10:15:00 AM

Session ID: CON7519Session Title: What’s Out of the Box: Oracle Financial Consolidation and Close Cloud Service




27

Session ID: CON7522Session Title: Introduction to Oracle Account Reconciliation Cloud Service


Session ID: CON7524Session Title: Financial Close Innovation with Oracle Enterprise Performance Management Cloud Services


Copyright © 2016, Oracle and/or its affiliates. All rights reserved. | Confidential – Oracle Internal/Restricted/Highly Restricted 28

Documents

OpenWorld 2016 CON7518 - static.rainfocus.com€¦ · Introduction and Update: Oracle Hyperion Financial Close Suite Rich Wilkie Sr Director, EPM Product Management September 22,