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Creating a Single Global Finance Platform at DTCC with IBM Services

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In late 2017, The Depository Trust & Clearing Corporation embarked on a journey to re-platform their legacy systems finance functions by implementing Oracle ERP Cloud. Join us as we take you through our key challenges, accelerators and efficiencies gained in creating a single global finance platform.

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Creating a Single Global Finance Platform at DTCC with IBM Services

  1. 1. Oracle Modern Business Experience 2019 Finance Transformation Journey March 20 2019
  2. 2. 2Oracle Modern Business Experience 2019 Our speakers today Bill Marcellus Director – Finance Systems DTCC • Start of our Finance Transformation Journey • Finance Transformation Roadmap • Value Realized • Lessons Learnt Radhika Janardhan Associate Partner – Financial Services IBM • Oracle/DTCC/IBM Partnership • Solution Differentiators • IBM Tools & Accelerators
  3. 3. 3Oracle Modern Business Experience 2019 Start of our Finance Transformation Journey DTCC acts as a post-trade market infrastructure for the financial services industry, clearing over $1.6 quadrillion in securities transactions per year. It automates, standardizes, and streamlines processes in the capital markets. Through its three “Systemically Important Financial Market Utility” subsidiaries, provides clearance, settlement, and information services for equities, corporate and municipal bonds, unit investments trusts, government and mortgage-backed securities, money market instruments, and over-the-counter derivatives. It also manages transactions between mutual funds and insurance carriers and their respective investors. Who We Are Why transform • Back-office systems not fully integrated, increasing risk of inaccuracy due to manual processes • Financial reference data (e.g. chart of accounts) inconsistent between back-office systems • High cost to license, maintain and support on-premise applications • Significant impact to our ability to efficiently deliver statutory reporting, • Lack of transparency and analytics capabilities in accessing key financial data analytics
  4. 4. 4Oracle Modern Business Experience 2019 Start of our Finance Transformation Journey Legacy System Purpose New System JD Edwards EnterpriseOne Accounting, G/L, A/P, A/R ERP Financials Cloud Account Reconciliation Management G/L Reconciliation Account Reconciliation Cloud Hyperion Financial Management Consolidation, Reporting Financial Close & Consolidation Cloud Financial Close Management Close tracking/management Hyperion Planning & Budgeting Planning, budgeting, reporting Enterprise Planning & Budgeting Cloud Hyperion Profitability & Cost Management Allocations, chargebacks, profit/cost analysis Profitability & Cost Management Cloud N/A BI Reporting/Analytics Oracle Analytics Cloud, Autonomous Data Warehouse Cloud N/A Middleware Oracle Integration Cloud, Oracle Data Integrator Cloud, Data Relationship Management
  5. 5. 5Oracle Modern Business Experience 2019 Finance Transformation Roadmap 2017 2019Nov 2018 Mar May Jul Sep Nov 2019 Project Planning & Kickoff 11/27/2017 Discovery Workshop 12/5/2017 Strategy Finalization & Walkthrough 12/8/2017 CRP0 - Minimum Viable Product 1/18/2018 User Story Creation 2/28/2018 Integrated Sprint Planning 3/14/2018 Sprint 1, 2, 3, 4 5/14/2018 CRP1 5/18/2018 Sprint 5, 6, 7, 8 7/3/2018 CRP2 7/6/2018 Sprint 9, 10, 11, 12,13 9/17/2018 CRP3 9/21/2018 System Integration Testing 10/12/2018 Training 10/19/2018 User Acceptance Testing 11/16/2018 Cutover Execution 12/31/2018 Go-Live 1/1/2019 BAU & HyperCare 1/31/2019 Startup Discovery Deliver Transition Realization Sprint 1 2w config 1.5 w testing Sprint 2 2w config 1.5 w testing Sprint 3 2w config 1.5 w testing Sprint 4 2w config 1.5 w testing Sprint n 2w config 1.5 w testing 0.5w demo…. . Oracle Analytics - Revenue Insight Oracle EPM – Planning & Budgeting, Financial Close & Consolidation, Profitability & Cost Management, Account Reconciliation Oracle Financials Cloud – General Ledger, Accounts Payable, Accounts Receivables, Assets, Tax, Cash Management, Purchasing
  6. 6. 6Oracle Modern Business Experience 2019 Value Realized • Integrated systems with cloud middleware solutions greatly enhanced the control environment through automation, reduced complexity, and risk • Increased transparency to financial data through expanded Analytics capabilities offered by cloud systems • Significantly lowered cost to operate on the cloud, and the migration aligns with DTCC’s Cloud first strategy • Redesigned chart of accounts enables more consistent and efficient accounting and reporting • Adoption of standard cloud processes on a fully integrated financial architecture • Benefits of coexistence between Finance & HR (Oracle ERP / HCM)
  7. 7. 7Oracle Modern Business Experience 2019 Lessons Learned Integrations • Engage down- stream/upstream applications earlier in the project • Align milestone dates with all applications during planning phase Commitment • Executive sponsorship and commitment • Backfilling project team during peak times Planning • Environment planning needs to occur in advance in an integrated multi-pillar Oracle Cloud landscape (EPM/ERP/HR) Adoption • Adopt new functionality and look for changes • Engage end-users during sprint planning and reviews Training • Train users sooner and often • Prepare/plan for post production support
  8. 8. 8Oracle Modern Business Experience 2019 Our Partnership IBM •Successful delivery track record in large complex Oracle Cloud projects •Unique advantage of IBM HCM/ERP team working together to resolve issues •IBM accelerators and re-usable assets •Strong global team of Oracle certified consultants and CAs DTCC •DTCC’s focus and commitment to use out-of-the box functionality •Strong Executive sponsorship and governance across program •Seamless collaboration with IBM at module, program and executive level •Commitment from Product owners through all phases of the engagement Oracle • Oracle provide access to Oracle CoE who provided enhanced product support and access to developers, as needed •Oracle provided timely responses for SR’s •Provided SME support where needed and shared best practices •Partnered with IBM to address environment challenges
  9. 9. 9Oracle Modern Business Experience 2019 Solution Differentiators Implementation Scope Oracle SaaS Cloud: • Implementation of Oracle ERP Cloud Finance and Procurement on existing POD with Oracle HCM Cloud and Payroll. • Oracle Cloud ERP: Finance - GL, AP, FA,AR, CM, Tax, Procurement Oracle PaaS Cloud • Database Cloud Service (DBCS) • Oracle Autonomous Integration Cloud Reporting • Financial , Tax and Management Reporting for US , EMEA & APAC using OTBI & BI Publisher Implementation Roadmap (Go-live Jan 2019) • Global roll out for 11 countries (NA, EMEA, APAC) Integration using IBM Integration Framework for ERP Cloud built on Oracle Autonomous Integration Cloud (AIC) and Database Cloud Service for 70+ Integrations Chart of Account Mapper built on Oracle Cloud PaaS using Database Cloud Service – referenced in both Data Conversion and Integration Seamless data movement and transformation using Cloud PaaS – Autonomous Integration Cloud, Database Cloud, Oracle Data Integrator Cloud, leveraging pre-packaged data connectors, web service calls, file transfers, and satisfying all transformation requirements ERP Cross-ledger payments solution not available Out of the box 3-layer reusable solution component for General Ledger and sub-ledger comprising Pre-staging, Conformed and Results layer, to enable seamless validation, integration, error handling and reporting capabilities Data Enrichment and validation using BI report extracts from ERP Cloud, Oracle Analytics Cloud IBM developed Web Services on AIC to extract data across modules in a common format, thereby reducing individual build effort for data enrichment Reusable Error Handling Framework
  10. 10. 10Oracle Modern Business Experience 2019 IBM Cloud Tools &Accelerators Blueworks Process IBM Blueworks Live (BWL) tool to map business processes. BlueworksLive is a cloud based, collaborative process modeling, & design tool. Business Process Questionnaire Data gathering templates filled by DTCC during Analysis Workshop. Leverage enterprise structure design Configuration Template Rapid Implementation using configuration template and guide/sample pre-configured environments Migration Toolkit Rapid migration using data collection and mapping templates bundled with data validation and reconciliation Security Security configuration template and matrix Pre defined job, data and duty role for specific business areas Testing Test scripts provided for all modules standard application processes Training Training material for standard modules. Functional Design Template Detail Design template to capture the design decision during Gap Analysis and document solution Cloud Accelerators Pre-built Integration Adapters for IBM Maximo (Asset management system) and IBM Digital Solutions powered by Watson Minimum Business Involvement Reduced Timeline Accelerated Configured Environment Scalability & Extensibility Maximum Return on Investment
  11. 11. Oracle Modern Business Experience 2019

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