Finit solutions - The Benefits of a Rolling Forecast

3. ©2016 Why is Finit here? Page 3 Finit takes pride in being a company of makers and Doers; people who dig in and get their hands dirty We make and deliver personalized financial reporting solutions and experiences …Not Company to Company, but Person to Person By listening, questioning, and analyzing

4. ©2016 The Finit Family Page 4 Fully aligned with our clients, not just bottom line $ No debt or external ownership Work with Finit employees, no subcontractors Compensation based on CLIENT SATISFACTION PRIVATELY OWNED CLIENT SATSIFACTION NO SUBCONTRACTORS DEBT FREE

5. ©2016 Finit Values Page 5 Our values on which we ask you to provide consultant feedback: • Approach & Collaboration • Integrity & Honesty • Client Betterment • Self Betterment • Colleague Betterment • Finit Betterment • Work Effectiveness • Impact & Innovation • Proactiveness & Passion Service Solutions Betterment

6. ©2016 Finit Customer Success Page 6 Our values, culture, and approach to becoming a trusted advisor to our customers has led to 100% customer success for every Finit client (250+) and for every Oracle Hyperion project (500+)

9. ©2016 Upcoming Webinars Page 9 February 12th - Driver Based Forecasting - Carla Cwiertnia February 19th - HFM Classic vs Calc Manager – Chris Barbieri / Scott Sawers February 26th - Intro to Planning Part II - Cindy Eichner

10. ©2016 About the Presenters Page 10 Justin Cooper (jcooper@finitsolutions.com) Certification/Education Bachelor of Science in Computer Information Systems Experience 8 years with Essbase 8 years with Hyperion Planning 9 years with Financial Reports 2 years with HFM 2 years with FDM Client Testimonial Justin is doing a great job on our project. Justin has made great suggestions and works on his own when needed to complete a task. He has taken the time to show me exactly how some of his calc scripts work (as requested) and has made me feel comfortable that once Finit rolls off we will be able to maintain and troubleshoot our Planning tool.

11. ©2016 About the Presenters Page 11 Bryan Hogan (bhogan@finitsolutions.com) Experience 8 years with Essbase 4 years with Planning 3 years with Enterprise 21 years with financial systems, reporting, and dashboards Certification/Education BBA- Finance & Banking, University of North Texas Client Testimonial Finit has a remarkable reputation and no matter who you meet from the company, you can understand where the comments come from. Each of them is knowledgeable in so many aspects and takes the time to make sure the client fully understands the topic. They exceed the bar of professionalism while maintaining an enjoyable atmosphere.

12. ©2016 Rolling Forecast - Agenda Page 12 • What is a Rolling Forecast? • Traditional vs. Rolling Forecasts • Rolling Forecasts in Hyperion Planning • “Out of the box” Solution • Customized Solution • Summary/Questions

13. What is a Rolling Forecast?

14. ©2016 What is a Rolling Forecast • More fluid approach to the planning process • Creates a cycle of continuous planning • Avoids the year-end “wall” • Not bound to targets or predetermined expectations • Drives more strategic decisions versus tactical decisions made to “hit a number” Page 14

15. ©2016 Key Components of a Rolling Forecast • Focus on key drivers versus a detailed list of assumptions • Update key drivers on a regular and predetermined basis • Incorporate the latest known impacts on the business • Utilize what-if scenarios to evaluate catastrophic events • Risk and Opportunities schedules are important to evaluate a range of impacts to the what-if scenarios Page 15

16. Traditional vs. Rolling Forecast

17. ©2016 Traditional vs. Rolling Forecast Page 17 • Both types of forecast have the same amount of actual data for trending and other analysis • The traditional forecasts hit the year end wall in December while the Rolling Forecasts push into the following fiscal year and beyond J F M A M J J A S O N D J F M A M J J A S O N D Traditional Q1 (P3+9) Forecast Traditional Q3 (P9+3) Forecast Rolling Q1 Forecast (12 mth) Rolling Q3 Forecast (12 mth) Current Year Current Year +1 Year End Wall

18. ©2016 Traditional vs. Rolling Forecast Page 18 Traditional Planning Process Rolling Forecast Process Year-end Wall Always a fixed number of months into the future Budgets are “fixed”; forecasts are adjusted snapshots of budget Updated continuously Time intensive to update; budget is annual “event” Takes only days to develop each forecast Typically planning is at a lower level Key drivers only Negotiated targets Flexible what-if and R&O focused outcomes

19. ©2016 Rolling Forecast Questions • Will a rolling forecast add more work to the finance teams to develop and maintain another set of numbers? • Would a rolling forecast process replace: • Monthly financial reporting and variance analysis? • Current monthly/quarterly forecasts? • The annual budget process? • The LRP/Strategic planning process? • What is the best way to manage all of the versions and any integration points with other forecasts within an organization? Page 19

20. Rolling Forecasts in Hyperion Planning “Out of the Box” & “Customized” solution

25. Key Business Drivers - Example Page

26. ©2016 Key Business Drivers - Example Page 26 • Rolling forecast monthly meeting agenda: • Discuss impacts of new actual data to previous forecast trends • Assess any new risks and opportunities to key drivers • Provide estimates and assign or update probability to R&O as necessary • Update the rolling forecast model as appropriate

28. ©2016 Benefits of Implementing Rolling Forecasts in Hyperion Planning • Centralized system/application • Spreadsheets not book of record • Version control • Standardization • Data integration • Security • Reporting Page 28

29. Summary

30. ©2016 Summary Page 30 • Provides a more dynamic view of the business • Identifies alternative actions more quickly as: • Are more flexible • Are proactive versus reactive • Focus on key business drivers and strategic decisions • Take less time to update • Are more effective and easier to manage by utilizing a systemic planning solution to assist with: • Standardization • Version control • Simplified dissemination of information

31. Questions and Answers

32. Thank you for attending! Questions? Email us for a copy of the slides or link to the recording insights@finitsolutions.com Past webinars: www.finitsolutions.com/webinars Presenters: Bryan Hogan bhogan@finitsolutions.com Justin Cooper jcooper@finitsolutions.com General Questions: Greg Barrett gbarrett@finitsolutions.com Joe Mizerk jmizerk@finitsolutions.com

33. ©2016 Upcoming Webinars February 12th - Driver Based Forecasting - Carla Cwiertnia February 19th - HFM Classic vs Calc Manager – Chris Barbieri / Scott Sawers February 26th - Intro to Planning Part II - Cindy Eichner

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