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Cloud Streaming & Financial Close: Streamline Your Financial Processes

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New approaches and leading edge technologies to help companies become more agile in their planning, budgeting, forecasting and reporting processes.

Original presentation delivered on 9/14/17

Publicado en: Tecnología
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Cloud Streaming & Financial Close: Streamline Your Financial Processes

  1. 1. Copyright © 2016, Oracle and/or its affiliates. All rights reserved. | Cloud Planning and Financial Close Streamline Your Financial Processes John Gualdoni Solution Consultant Oracle September, 2017 Nate Gruys Business Development Manager Edgewater Ranzal
  2. 2. Copyright © 2016, Oracle and/or its affiliates. All rights reserved. | 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. 2
  3. 3. Agenda Overview – Oracle & Edgewater Ranzal Overview – Enterprise Performance Management Planning in the Cloud Financial Close in the Cloud Implementation Q & A 1 2 3 4 5 6
  4. 4. Oracle Confidential – Internal/Restricted/Highly Restricted 4 • Lower TCO • No Cost upgrades • No infrastructure costs • No installation costs • Fast deployment • Price competitive • Scalable, start small - deploy worldwide • 99.5% availability • Embassy-grade security Why Cloud?
  5. 5. Copyright © 2016, Oracle and/or its affiliates. All rights reserved. | Oracle Corporation 5 Oracle EPM Cloud
  6. 6. Copyright © 2017, Oracle and/or its affiliates. All rights reserved. | Oracle’s EPM Cloud Leadership Built on over 15 years of Product Innovation Clients across industries Financial Services, Higher Ed, Consumer Goods, Retail, Services, High Tech, Public Sector +1990 Customers +100 Go-lives each quarter Available and Supported Globally 24 X 7 X 365 First Product Launched: February 2014 (7 products to date)
  7. 7. Copyright © 2016, Oracle and/or its affiliates. All rights reserved. | Edgewater Ranzal - Solutions that Support the Analytics Lifecycle Big Data Cloud Enterprise Performance Management Implementation Services Infrastructure & Support AdvisoryTraining & Education Business Intelligence Business Intelligence • Business Intelligence for Finance • BICS/CRM Integration • BICS/EPM Integration Enterprise Performance Management • Financial Close and Consolidation • Data Governance and Integration • Financial Planning and Analysis • Profitability and Cost Management Advisory • EPM, BI, & BD Roadmaps • Program & Project Management • Process Analysis Training & Education • Core Product • Custom Infrastructure & Support • Infrastructure Services • Support Services • Hosting Services Implementation Services • Multi-Product Business Analytics • Single Product Big Data • Big Data Integration • Big Data Application Cloud • Enterprise Planning & Budgeting (EPBCS) • Planning & Budgeting (PBCS) • Profitability & Cost Management (PCMCS) • Financial Close & Consolidations (FCCS) • Enterprise Performance Reporting (EPRCS) • Account Reconciliation (ARCS) • Business Intelligence (BICS)
  8. 8. Copyright © 2016, Oracle and/or its affiliates. All rights reserved. | Edgewater Ranzal - Overview • Oracle Platinum Partner, Oracle Partner Advisory Council, 2 ACEs • More than 200 consultants with an exclusive multiproduct focus across the entire Oracle Business Analytics Suite • Trusted advisory relationship with Oracle Product Development, Oracle Customer Advisory Board, and Special Interest Group members • Extensive experience in the planning, design, and implementation of integrated Oracle EPM, BI and BD solutions and best practices • Proven Oracle-specific methodologies, templates and supporting tools, as well as industry thought- leaders and deep technical practitioners
  9. 9. Copyright © 2016, Oracle and/or its affiliates. All rights reserved. | Agenda Overview – Oracle & Ranzal Overview – Enterprise Performance Management Planning in the Cloud Financial Close in the Cloud Implementation Q & A 1 2 3 4 5 6
  10. 10. Copyright © 2014, Oracle and/or its affiliates. All rights reserved. | Oracle Confidential – Internal/Restricted/Highly Restricted Why Oracle for EPM? • 14 Years Running as Leader in Gartner CPM Magic Quadrant • 33 Years of Company Experience • 400+ FTEs in R&D • 1000s of Partners Globally • 8000+ Customers
  11. 11. 11 Transform Once. And Do it Right. Traditional Path w/ Tier n vendors Spreadsheets | Lower tier on-premises | QuickBooks | Home grown | Nothing | Niche Products Current System(s) “Leapfrog” Path to the Cloud 1 time
  12. 12. Copyright © 2014, Oracle and/or its affiliates. All rights reserved. | Oracle Confidential – Internal/Restricted/Highly Restricted Planning Today is Done in Excel It is a Good Tool, but… • Disconnected • Not a Database • Data Security Risks • Error-prone • Doesn’t scale • No controls / audit trails • Limited, What-if scenarios • No business rules
  13. 13. Data Forms Excel Financial ReportingDashboards MS Office Excel Hyperion Planning & Budgeting Cloud - Single Version of the Truth Planning & Budgeting Cloud
  14. 14. Copyright © 2016, Oracle and/or its affiliates. All rights reserved. | • 38% less time in planning process • 32% less time creating management reports • 12% increase in forecasting accuracy Plan, forecast, and report faster, in more detail, with more accuracy and insight Oracle EPM Delivers Copyright © 2016 Oracle and/or its affiliates. All rights reserved. |14 Source: Oracle Customer Value Index
  15. 15. Copyright © 2016, Oracle and/or its affiliates. All rights reserved. | Enterprise Planning with the Simplicity of the Cloud Planning modules with best practice content for rapid deployment & auto-upgrade Address Financial & Operational Planning Best Practice Planning Out-of-the-Box Enterprise Planning Cloud 15Copyright © 2016, Oracle and/or its affiliates. All rights reserved. | PROJECTS FINANCIALSCAPEX WORKFORCE
  16. 16. Copyright © 2016, Oracle and/or its affiliates. All rights reserved. | The Financials Planning Framework 16 • Configurable ‘framework’ for revenue/gross margin planning • ‘Flex Dimensions’ such as Product, Market, Customer, etc • Configurable framework for drivers –based & trends-based planning • Pre-built, best practice expense drivers • Optional pre-built integration with Workforce & Capital processes • Fully integrated with Income Statement & Cash Flow • Configurable for industry -specific requirements • Fully integrated Cash Flow - focusing on Cash from Operations • Both ‘direct’ & ‘indirect’ cash flow methods supported Revenue Expense Balance Sheet Cash Flow Oracle Confidential – Internal Strategic Modeling • Long Range, Top-down Planning, What-if & Scenario Analysis • Connect Bottom-up Planning with Top-Down Planning
  17. 17. Copyright © 2016, Oracle and/or its affiliates. All rights reserved. | TextText Text Oracle Planning and Budgeting Cloud Edgewater Ranzal Implementation Success Story Centralized System 75% Reduction in Time = Efficiency Gains Linkronization Reduced from 13 to 4 • Opus Group is leveraging Oracle Planning & Budgeting Cloud (PBCS) to efficiently model deployment of capital amongst a portfolio of projects in order to maximize long-term returns to stakeholders • Replaced cumbersome and inefficient Excel-based approach to Project Pro Forma Projections, Capital Planning, Project Equity Analysis, as well as Revenue and Margin Planning. • Modeling and Rolling Forecast included in the application • Multiple Scenarios and Versions to allow for various Planning horizons and economic conditions to be modeled
  18. 18. Collaboration and Transparency 18Copyright © 2015 Oracle and/or its affiliates. All rights reserved. • Robust workflow & workflow dashboard • Outlook integration • Tasklists • Notifications • Support for report annotations, Comments, and descriptive input • Opportunity to make improvements to the process Know what you need to know, when you need to know it!
  19. 19. Integration 20Copyright © 2015 Oracle and/or its affiliates. All rights reserved. • Microsoft office integration • Users work in Excel or Web • Data refresh functionality in Word, Powerpoint • Essbase ad-hoc • Data Source Agnostic (FDMEE) • Take data from any source • ETL: Extract Transform and Load • Automate where appropriate No more “That’s not my number!”
  20. 20. Control 21Copyright © 2015 Oracle and/or its affiliates. All rights reserved. • Quick Start Toolkit • Demonstrations • Tutorials • Sample application • Users can work in Excel or web • Simplifies Transition • Phased implementation Puts you in charge of your business and your data! • Minimal IT involvement • Owned and Managed by LOB • Easy to build, easy to change
  21. 21. Agenda Overview – Oracle & Ranzal Overview – Enterprise Performance Management Planning in the Cloud Financial Close in the Cloud Implementation Q & A 1 2 3 4 5 6
  22. 22. 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 Confidence Financial Consolidation and Close 23Copyright © 2016, Oracle and/or its affiliates. All rights reserved. | Best Practice Consolidations Supplemental data Workflow Dashboard Data Management
  23. 23. 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 24Copyright © 2016, Oracle and/or its affiliates. All rights reserved. |
  24. 24. 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 25Copyright © 2016, Oracle and/or its affiliates. All rights reserved. |
  25. 25. 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 26Copyright © 2016, Oracle and/or its affiliates. All rights reserved. |
  26. 26. • Consolidation – Predefined dimensions with built-in Financial Intelligence – Flexible application configuration with pre-built forms & reports – Standard consolidations & eliminations – Currency translations, standard and custom, and FX adjustment calculations – Built-in KPI ratio analysis – Custom calculations using member formula – Automated Cash Flow – Data source detail tracking with drill through capability – Multi-GAAP support – Approvals – Journal entry – Intercompany matching – Data audit – Data Management • Close Calendar (can be used standalone) – Task Management – Integrated with EPM/ERP • Supplemental Schedules (can be used standalone) – Data Collections • FCCS Dashboards 27 FCCS Functionality
  27. 27. Configurable, scalable platform that evolves with you Streamline the Planning and Close Processes Robust Reporting & Analysis • Highly formatted, pixel-perfect financial reports • Robust ad-hoc analysis capabilities • Seamless integration with Microsoft Office Easy to Use • Task Lists to guide users through the process • Integrated, centralized commentary • Visual indicators and data validations to guide the users Rapid Time to Value Pre-built functionality for: • Driver-based planning and what-if modeling • Business processes • Data validation and traceability
  28. 28. Agenda Overview – Oracle & Ranzal Overview – Enterprise Performance Management Planning in the Cloud Financial Close in the Cloud Implementation Q & A 1 2 3 4 5 6
  29. 29. Copyright © 2016, Oracle and/or its affiliates. All rights reserved. | Considerations for the Cloud • For any net new applications, you should be thinking “why not Cloud” first – most organizations are going this direction • For existing applications, there are many considerations on the best timing to go to Cloud. This is unique by situation and organization. • It is critical to start looking at this now and planning for a 2 – 3 year roadmap. Especially if you are running multiple applications. • You should always be looking at ROI perspective. Remember what you learned in Economics about “sunk cost”. • Cloud implementations / migrations can go quickly with focused sprints, phases and Agile project methodologies Copyright © 2015 Oracle and/or its affiliates. All rights reserved. 30
  30. 30. Accelerate Your Ride to the Cloud We’ll help you drive innovation across all Oracle EPM & BI Cloud solutions with Ranzal’s Lightning Cloud Accelerators! Enterprise Planning and Budgeting Cloud Service Profitability and Cost Management Cloud Service Financial Close and Consolidations Cloud Service Account Reconciliation Cloud Service Enterprise Performance Reporting Cloud Service Business Intelligence Cloud Service
  31. 31. Contact Copyright © 2015 Oracle and/or its affiliates. All rights reserved. 32 John Gualdoni – Oracle John.Gualdoni@oracle.com Nate Gruys – Edgewater Ranzal NGruys@ranzal.com

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