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NN Group - Finance & Control

Oracle EPM Architecture at NN

19 November 2014

Willem Ruygrok

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2

3

Management Board NN Group

CEO NN Group

Lard Friese

CFO

Delfin Rueda

CRO

Doug Caldwell

CCO

Dorothee van

Vredenburch

CEO Insurance

International

Robin Spencer

CEO NN Investment

Partners

Stan Beckers

Introduction

CEO Netherlands

Insurance

David Knibbe

4

CFO / Finance & Control

Finance & Control

Hans van Barneveld

Management

Accounting

Operations

Service Center

Finance

Gerard Boerma

Tax

Financial

Accounting &

Reporting

Finance Business

& Proces Mgt.

Introduction

Chief

Actuary Office

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CFO

Delfin Rueda

CEO NN-Group Name : Willem Ruygrok

Function : Head of Operations

Experience :

- 37 year at ING / NN in IT and Finance

- Since 1996 working with Hyperion products

- HFM and HPL at ING / NN since 2006

6

EPM Platform - Software Components & interrelations

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Finance & Control EPM platform / landscape

NN P&C - CFO

F&C - Operations

Insurance Belgium

NN Life - CFO

CIO - PMO

F&C - Corporate Finance

F&C - Service Center Finance

Org

an

isa

tio

ns

Corporate Finance Application Landscape

3. Monthly Closing

process

2. Forecast, Budget & MTP

process

1. Cost Allocation

process

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9

1. Cost Allocation Processes

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2. Forecast, Budget & MTP process

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Monthly Closing Process (IFRS & Solvency II)

Challenges & Developments

• Upgrade EPM environment. Which EPM version? - Compatibility with Internet Explorer 11

• Cost savings within NN - Transparency of costs (Cost of ownership applications)

- Focus on Budget & Planning / Forecasting

- External Sourcing

• Solvency II reporting. - EIOPA requirements at a very late stage which requires maximum flexibility.

• Master Data Management (Improve Data Quality)

- Huge amount of data needed for SII reporting (next to GL data)

• Faster Close. Acceleration of 4 days.

• Rationalization of Group Finance application landscape - Now a lot of data transport / duplication of data

- BI solutions: CXO, OBIEE or ??

- Functionality of EPM Maestro and WebSymphony (Amosca) still needed?

• More extensive use of Calculation Manager and EPMA

• Cloud Solutions

Tips & Pitfalls

Project phase:

• “Think Big” while designing your EPM applications Examples at NN:

- Quarterly to Monthly reporting

- Not being prepared for high volume restatings

• Hire experienced consultants for first design and implementation and learn from them. - Optimal mix between external and internal project resources.

• Guidance of users during project phase (and continue during Production phase!)

Production phase:

• Adjust organisation and processes to the new situation - Clear responsibilities Finance vs. IT regarding functional / technical maintenance and ownership

• Implement Life Cycle Management. Shared responsibility Finance & IT. - New functional (Finance) requirements vs. technical (IT) requirements / possibilities

- Various versions of software components in different countries / BU’s

• “Proper use of the product” - Avoid improper use of functionality and avoid “customization”

- Rebuild or “Build in addition”? How do we deal with changes in requirements.

• Clear agreements with suppliers of data and services

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Questions