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| 1Business Analytics Solutions Provider
Simplify Complex
Consolidations & Close
Processes with FCCS
Geordan Drummond – Ed...
BusinessAnalyticsSolutionsProvider:EPM,BI,andBDTechnologies
Agenda
• Introductions
• Out of the Box content
• Calculations...
BusinessAnalyticsSolutionsProvider:EPM,BI,andBDTechnologies
About the Speaker
• Geordan Drummond – Product Manager for Fin...
BusinessAnalyticsSolutionsProvider:EPM,BI,andBDTechnologies
Edgewater Ranzal At A Glance
Since 1996:
Proven Methodology an...
Business Analytics Solutions Provider: EPM, BI, and BD Technologies
Out of the Box Content – Dimensions
• System dimension...
Business Analytics Solutions Provider: EPM, BI, and BD Technologies
Out of the Box Content – Accounts
• Income Statement
•...
Business Analytics Solutions Provider: EPM, BI, and BD Technologies
Out of the Box Content – Movements
• Used in conjuncti...
Business Analytics Solutions Provider: EPM, BI, and BD Technologies
Out of the Box Content – Cash Flow
• The intersection ...
Business Analytics Solutions Provider: EPM, BI, and BD Technologies
Out of the Box Content – Other Metadata
• Data Source
...
Business Analytics Solutions Provider: EPM, BI, and BD Technologies
EPM Cloud Migration Accelerator
• This is a standalone...
Business Analytics Solutions Provider: EPM, BI, and BD Technologies
Out of the Box Content – Calcs
• All available OTB – n...
Business Analytics Solutions Provider: EPM, BI, and BD Technologies
Calculations – Member Formulas
• Attached to member –
...
Business Analytics Solutions Provider: EPM, BI, and BD Technologies
Calculations – Calc Manager
• Used for more complex ca...
Business Analytics Solutions Provider: EPM, BI, and BD Technologies
Translation – OTB
• Income Statement default
– PVA (mo...
Business Analytics Solutions Provider: EPM, BI, and BD Technologies
Translation – Custom
• Defaults can be overridden simp...
Business Analytics Solutions Provider: EPM, BI, and BD Technologies
Consolidation – Ownership Methods
• Methods
– OTB meth...
Business Analytics Solutions Provider: EPM, BI, and BD Technologies
Consolidation – Ownership
• Ownership assignment
– 2 v...
Business Analytics Solutions Provider: EPM, BI, and BD Technologies
Consolidation – OTB Rules
• 7 RuleSets available for
d...
Business Analytics Solutions Provider: EPM, BI, and BD Technologies
Consolidation – OTB Rule Example
• Not a black box – d...
Business Analytics Solutions Provider: EPM, BI, and BD Technologies
Consolidation – Custom Rules
• Full range of what is a...
Business Analytics Solutions Provider: EPM, BI, and BD Technologies
Integrated Process Flows
• Connections can be created
...
Business Analytics Solutions Provider: EPM, BI, and BD Technologies
Navigation Flows
• Goes beyond
concept of task lists
•...
Business Analytics Solutions Provider: EPM, BI, and BD Technologies
Close Calendars
• Track all of the close
tasks in the ...
Business Analytics Solutions Provider: EPM, BI, and BD Technologies
Task Integrations – Targets
• Can initiate tasks withi...
Business Analytics Solutions Provider: EPM, BI, and BD Technologies
Maintenance – Metadata
• Web UI or Smart View, no
othe...
Business Analytics Solutions Provider: EPM, BI, and BD Technologies
Maintenance – Data
• Copy Data feature automatically i...
Business Analytics Solutions Provider: EPM, BI, and BD Technologies
Maintenance – Other Misc Features
• Valid intersection...
Business Analytics Solutions Provider: EPM, BI, and BD Technologies
Maintenance – EPM Automate
• Command line, script
base...
Business Analytics Solutions Provider: EPM, BI, and BD Technologies
Journals and Forms
• Journals can include
attachments
...
Business Analytics Solutions Provider: EPM, BI, and BD Technologies
Forms – Supplemental
• This functionality allows you t...
Business Analytics Solutions Provider: EPM, BI, and BD Technologies
Reporting – Types
• All report types all in one place ...
Business Analytics Solutions Provider: EPM, BI, and BD Technologies
Reporting – Dashboards
• Connect directly to app,
no s...
Business Analytics Solutions Provider: EPM, BI, and BD Technologies
Training
• Academy – videos for end users and admins
•...
Business Analytics Solutions Provider: EPM, BI, and BD Technologies
Q&A
Questions?
Find Us at OpenWorld 2018!
Breakfast / Lunch & Learn Presentations at Thirsty Bear:
Analytics Everywhere, but Where Do I R...
Find Us at OpenWorld 2018!
Conference Sessions:
IT Financial Management [PRO5858]
Tuesday, Oct 23, 1:45pm - 2:30pm | Mosco...
Find Us at OpenWorld 2018!
Networking & Fun!
Cheers & Beers!
Unwind in the afternoons with us during
the conference while ...
200 Harvard Mill Square
Suite 210
Wakefield, MA 01880
Tel (781) 246-3343
130 South Jefferson Street
Suite 101
Chicago, IL ...
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Simplify Complex Consolidations and Close Processes with Oracle Financial Consolidation and Close Cloud

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Oracle Financial Consolidation and Close Cloud Service (FCCS) mixes best practices with customization to streamline and enhance the close and consolidation process. This configurable product leverages out-of-the-box content which gives companies the framework needed to deploy an easy-to-use, yet sophisticated, close solution. It requires no infrastructure investments, offers flexible deployment options, and provides fast time-to-value.

In this presentation, we explore the full range of capabilities of this solution, including the orchestration of the close process, supplemental data collection, ease of administration, and more. Find out how FCCS can be used to address the complexities that are encountered with consolidations, such as foreign currency translation, intercompany eliminations, and ownership requirements. We touch on additional features that are improved in the cloud such as process automation, administration, and supplemental data collection. Interact and ask questions to learn more about this world-class solution for close and consolidation applications and decide if it's time for you to make the move to the Cloud!

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Simplify Complex Consolidations and Close Processes with Oracle Financial Consolidation and Close Cloud

  1. 1. | 1Business Analytics Solutions Provider Simplify Complex Consolidations & Close Processes with FCCS Geordan Drummond – Edgewater Ranzal
  2. 2. BusinessAnalyticsSolutionsProvider:EPM,BI,andBDTechnologies Agenda • Introductions • Out of the Box content • Calculations and Consolidations • Managing the Close Process • Maintenance • Reporting • Q&A
  3. 3. BusinessAnalyticsSolutionsProvider:EPM,BI,andBDTechnologies About the Speaker • Geordan Drummond – Product Manager for Financial Close & Consolidation • 20+ years in the Hyperion/Oracle space (HE, HFM, HTP, ARM, SDM, CM, FCCS, ARCS, EPRCS) • Set internal standards for new products and features • Partner closely with Oracle Product Management • Engage with the Oracle user base community
  4. 4. BusinessAnalyticsSolutionsProvider:EPM,BI,andBDTechnologies Edgewater Ranzal At A Glance Since 1996: Proven Methodology and Implementation Approach 1,000+ Customers 2,000+ Completed • Seasoned delivery team averaging 6+ years serving Ranzal clients • Experienced management team averaging 12+ years leading Ranzal Projects: Team Highlights: • Multiple Oracle ACEs • More than 200 consultants with an exclusive multi-product focus across the entire Oracle Business Analytics Suite • Trusted advisory relationship with Oracle Product Development, Oracle CAB, and Special Interest Group Members • Oracle Cloud Excellence Implementer with consistent delivery of successful implementations Oracle Partnership: Diverse Client Portfolio & Industry Expertise Premiere Services Offered On-Premise, Cloud, Hybrid, Mobile Premiere Services Offered Healthcare Financial Services Technology CPG and Manufacturing Bio Tech and Pharma Medical Supplies
  5. 5. Business Analytics Solutions Provider: EPM, BI, and BD Technologies Out of the Box Content – Dimensions • System dimensions similar to HFM plus up to 4 customs – Blue denotes OTB dimensions that would have been customs in HFM – Red denotes example of true custom • Seeded hierarchies for selected dimensions – OTB members are prefixed with “FCCS” • This provides for a starting point for your application • The content can be customized – Children can be added – Seeded members can be moved – Aliases of seeded members can be changed
  6. 6. Business Analytics Solutions Provider: EPM, BI, and BD Technologies Out of the Box Content – Accounts • Income Statement • Balance Sheet – Primary • Traditional • Net Asset – Cash Flow • Exchange Rates • Historical translation accounts – Automatically created based on an attribute • Ratios (Optional)
  7. 7. Business Analytics Solutions Provider: EPM, BI, and BD Technologies Out of the Box Content – Movements • Used in conjunction with Account dimension • Rollforwards – Opening/Closing balance – Activity items – can add your own – FX impact • Cash Flow & Cash Change – alternate hierarchy for Movements – Major categories (Operating, Investing, Financing) – Signage changes
  8. 8. Business Analytics Solutions Provider: EPM, BI, and BD Technologies Out of the Box Content – Cash Flow • The intersection of the Account data is cross referenced with Movement member when loading data • This means that you have created the mapping between the change in balances and the CF statement – no business rules required compared to HFM • Since the details are in the application the reporting options are greater – SV, FR, etc • FX impact is automatically calculated from the movement members • Eliminations follow the Balance Sheet configuration Jan Total Cash Total Non Cash Long Term Assets Total Liabilities Total Equity Total Balance Sheet-C Opening Balance for Cash asset 1,540 1,540 Net Cash from Operations 225 -225 225 Net Cash from Income 225 -225 225 Net Adjustments to Net Assets Net Cash from Investing 75 75 75 Cash Flow on Proceeds from Sales of PPE 75 75 75 Net Cash from Financing 150 -150 150 Cash Flow from Proceeds from Debt 150 -150 150 Total effect from FX on non-Cash accounts 250 -35 -50 -235 250 Closing Balance for Cash asset 2,240 2,240
  9. 9. Business Analytics Solutions Provider: EPM, BI, and BD Technologies Out of the Box Content – Other Metadata • Data Source – Common in HFM, but OTB in FCCS – Track origin of data • Loaded data • Journals • Supplemental Data • Eliminations – Again, can add additional members as needed
  10. 10. Business Analytics Solutions Provider: EPM, BI, and BD Technologies EPM Cloud Migration Accelerator • This is a standalone utility that can be accessed via download link from within FCCS • Provides a quick way to map HFM dimensions to FCCS • Handles duplicate alias situations • Validations available before loading to a pod • Can deploy directly to a cloud instance or just generate files • Content always kept up to date with current release • Doesn’t convert entire app, but can provide a good head start
  11. 11. Business Analytics Solutions Provider: EPM, BI, and BD Technologies Out of the Box Content – Calcs • All available OTB – no coding required • Rollforwards – Beginning Balance • Balance calculation – Can limit scope or disable if necessary • Overrides – Amount based – Rate based • CTA • Ratios – Optional
  12. 12. Business Analytics Solutions Provider: EPM, BI, and BD Technologies Calculations – Member Formulas • Attached to member – easier to maintain • Visible from any metadata management method (Web, Smart View) • Uses Essbase syntax so consistent with other calculations
  13. 13. Business Analytics Solutions Provider: EPM, BI, and BD Technologies Calculations – Calc Manager • Used for more complex calculations • Placeholder rules are available that work around the OTB calculations • Visual development environment – same as on prem version • Can use graphical UI or Essbase calc script language • We have leveraged our experience in Planning & Essbase to optimize calculations
  14. 14. Business Analytics Solutions Provider: EPM, BI, and BD Technologies Translation – OTB • Income Statement default – PVA (monthly average) • Balance Sheet default – EOM (end of month) • CTA – Balance Sheet – OCI • Overrides – Amount based – Rate based • FX on Movements – Beginning impact – Activity impact
  15. 15. Business Analytics Solutions Provider: EPM, BI, and BD Technologies Translation – Custom • Defaults can be overridden simply by configuring alternate method • Can specify rates or target POV to use if different • No need for coding
  16. 16. Business Analytics Solutions Provider: EPM, BI, and BD Technologies Consolidation – Ownership Methods • Methods – OTB methods available, but additional ones can be added – Validations on method ranges to avoid overlaps – Changing % ownership automatically determines methods – but you can override this
  17. 17. Business Analytics Solutions Provider: EPM, BI, and BD Technologies Consolidation – Ownership • Ownership assignment – 2 views: • Hierarchy – according to the parent Entity selected • Legal – reflects ultimate ownership – Export / Import from text file if feeding from another source – Automated rollover process from year to year – months roll automatically
  18. 18. Business Analytics Solutions Provider: EPM, BI, and BD Technologies Consolidation – OTB Rules • 7 RuleSets available for deployment • These are in addition to standard eliminations specified using ICP and Plug Account configuration • Optional – any of these can be disabled or enabled at user’s discretion • Focused on Ownership eliminations • Additional ones forthcoming – updated with monthly releases
  19. 19. Business Analytics Solutions Provider: EPM, BI, and BD Technologies Consolidation – OTB Rule Example • Not a black box – details are viewable • Plain language descriptions, not technical
  20. 20. Business Analytics Solutions Provider: EPM, BI, and BD Technologies Consolidation – Custom Rules • Full range of what is available with OTB rules • No coding required – guided UI approach • You can start with a copy of OTB rule and then customize
  21. 21. Business Analytics Solutions Provider: EPM, BI, and BD Technologies Integrated Process Flows • Connections can be created between applications • Makes it easier for users to navigate between tasks without leaving a specific service • For example, a Planning forecast form could be embedded in FCCS so that the user can jump directly to it without leaving the app • Not really possible to do this in on-premises today
  22. 22. Business Analytics Solutions Provider: EPM, BI, and BD Technologies Navigation Flows • Goes beyond concept of task lists • Customization of the interface with no coding required • Customize items, descriptions, icons • Familiar mobile or tablet style interface for end users
  23. 23. Business Analytics Solutions Provider: EPM, BI, and BD Technologies Close Calendars • Track all of the close tasks in the tool rather than managing them via Excel, email, and whiteboards • Metrics and dashboards available for tracking • Worklists are comprehensive and can include the full range of tasks required
  24. 24. Business Analytics Solutions Provider: EPM, BI, and BD Technologies Task Integrations – Targets • Can initiate tasks within EPM cloud applications • Tasks types: – Manual – Monitoring – Automated • Or you can integrate with other cloud or on-prem services using Integration Cloud Service (ICS) for full end-to-end automation • Oracle or 3rd party
  25. 25. Business Analytics Solutions Provider: EPM, BI, and BD Technologies Maintenance – Metadata • Web UI or Smart View, no other client to install • Properties show side by side with hierarchies instead of just a flat list or properties for one member at a time • Can select which properties to work with • Web UI provides validations of properties prior to refreshing database – visual warnings highlighted in red
  26. 26. Business Analytics Solutions Provider: EPM, BI, and BD Technologies Maintenance – Data • Copy Data feature automatically includes journals in addition to base data • Clear Data feature automatically handles journals by putting them in a working status so that they are visible but don’t impact data
  27. 27. Business Analytics Solutions Provider: EPM, BI, and BD Technologies Maintenance – Other Misc Features • Valid intersections – like NoInput rules in HFM but configured in UI rather than through script • Supporting Detail – more flexible than Line Item Detail • Substitution / User Variables – for setting constants like “Current Month” instead of a single member list • UDAs – members can be tagged with more than just 3 attributes like in HFM • Audit information – all in one spot
  28. 28. Business Analytics Solutions Provider: EPM, BI, and BD Technologies Maintenance – EPM Automate • Command line, script based utility • Works across the Cloud EPM stack of products • Similar functionality to Task Flows • Much easier to work with if you need to re- sequence a routine • Can set up as a batch process
  29. 29. Business Analytics Solutions Provider: EPM, BI, and BD Technologies Journals and Forms • Journals can include attachments • Additional data form features: – ‘Start Expanded’ option – Business rule launch options
  30. 30. Business Analytics Solutions Provider: EPM, BI, and BD Technologies Forms – Supplemental • This functionality allows you to collect data that is more granular than what you might have at a dimensional level • Data can be numeric, textual, date, or yes/no • Summarized values can be written back to the consolidation for validation purposes • This is ideal for footnotes or other supporting data • Workflow included to track the collection process
  31. 31. Business Analytics Solutions Provider: EPM, BI, and BD Technologies Reporting – Types • All report types all in one place for end users • Web version of FR – same as on prem, so no additional learning curve for those users already working with reports
  32. 32. Business Analytics Solutions Provider: EPM, BI, and BD Technologies Reporting – Dashboards • Connect directly to app, no secondary data copies • Easy to configure, no coding required • Self service for end users • OTB content includes both process and data focused dashboards • Infolets – provide a way to surface values quickly without diving into details
  33. 33. Business Analytics Solutions Provider: EPM, BI, and BD Technologies Training • Academy – videos for end users and admins • This is in addition to traditional documentation
  34. 34. Business Analytics Solutions Provider: EPM, BI, and BD Technologies Q&A Questions?
  35. 35. Find Us at OpenWorld 2018! Breakfast / Lunch & Learn Presentations at Thirsty Bear: Analytics Everywhere, but Where Do I Run My Reports? Crafting a Winning Reporting Strategy with Oracle Cloud EPM & ERP Applications MONDAY 10/22 | 12PM - 1:15PM The Argument for Cloud Migration: Account Reconciliation Cloud Service (ARCS) Featuring Wright Medical Technology, an Edgewater Ranzal Client TUESDAY 10/23 | 9AM - 10AM Oracle Analytics Cloud: Use Cases and a Comprehensive Look at Data Visualization TUESDAY 10/23 | 12PM - 1:15PM Oracle Analytics Cloud Workshop TUESDAY 10/23 | 1:30PM - 3PM Simplify Complex Consolidations and Close Processes with Oracle Financial Consolidation and Close Cloud (FCCS) WEDNESDAY 10/24 | 12PM - 1:15PM
  36. 36. Find Us at OpenWorld 2018! Conference Sessions: IT Financial Management [PRO5858] Tuesday, Oct 23, 1:45pm - 2:30pm | Moscone South - Room 152 Integrated Business Planning [CAS5859] Tuesday, Oct 23, 4:45pm - 5:30pm | Moscone South - Room 152 Customers Present: Oracle Profitability and Cost Management Cloud Service [CAS5870] Featuring Thermo Fisher Scientific and Vanguard, Edgewater Ranzal Clients Thursday, Oct 25, 10:00am - 10:45am | Moscone South - Room 152 Customers Present: Oracle Enterprise Data Management Cloud Service [CAS5887] Featuring CareFirst and BlueCross BlueShield, Edgewater Ranzal Clients Thursday, Oct 25, 11:00am - 11:45am | Moscone South - Room 151 Vitamix: A Blend of Many Oracle EPM Cloud Applications and More to Come [CAS3227] Thursday, Oct 25, 1:00pm - 1:45pm | Moscone South - Room 152
  37. 37. Find Us at OpenWorld 2018! Networking & Fun! Cheers & Beers! Unwind in the afternoons with us during the conference while enjoying tapas and a fine selection of craft beers brewed by Thirsty Bear. Thirsty Bear Brewing Company Mon 10/22 | Tue 10/23 | Wed 10/24 2pm - 4pm 661 Howard St San Francisco CA 94105 Wine Down with Us at Happy Hour! Join us for complimentary cocktails and appetizers at our annual Oracle OpenWorld Happy Hour. Wine Down SF Tuesday, 10/23 5pm - 8pm 685 Folsom Street San Francisco CA 94107
  38. 38. 200 Harvard Mill Square Suite 210 Wakefield, MA 01880 Tel (781) 246-3343 130 South Jefferson Street Suite 101 Chicago, IL 60661 312-624-7738 1025 Westchester Avenue Suite 108 White Plains, NY 10604 Tel (914) 253-6600 | 38 200 Harvard Mill Square Suite 210 Wakefield, MA 01880 Tel (781) 246-3343 130 South Jefferson Street Suite 101 Chicago, IL 60661 312-624-7738 1025 Westchester Avenue Suite 108 White Plains, NY 10604 Tel (914) 253-6600 Where you can find us: Company Contact Joey Alaimo, Jr. Marketing Manager Email: info@ranzal.com Phone: 914.253.6600

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