Noble Energy, an independent oil and natural gas exploration and production company, had struggled for years with a cumbersome spreadsheet and email-driven account reconciliation process. The accounting team sought a purpose-built tool with auditing, workflow and automated reconciliation capabilities. The IT team wanted a solution in line with their Cloud-first strategic direction. After evaluating several products, Noble Energy selected Oracle Account Reconciliation Cloud Service (ARCS) with transaction matching and partnered with Perficient to deliver the implementation. Project owner Matt Dossett, CPA and Senior Accountant, discussed their migration to ARCS including lessons learned and how ARCS could benefit your organization. Discussion included: -Challenges with the legacy account reconciliation process -The factors leading to the selection of Oracle ARCS -Considerations of implementing a cloud solution with on-premises Oracle EBS ERP -The value of automated reconciliations with transaction matching -Benefits realized with ARCS implementation

1. How Noble Energy Automated
Reconciliations with Oracle ARCS

2. 2
• Introductions
• About Perficient
• Oracle Account Reconciliation Cloud Service
• Noble Energy’s Cloud Story
• Q&A
Agenda

3. Tim Gaumont
Director, Product Management
Oracle Corporation
Hanny Shanar
Director, Oracle EPM Practice
Perficient
Matt Dossett
CPA and Senior Accountant
Noble Energy
Joel Ninemire
Team Lead, Enterprise Applications
Noble Energy

4. 4
About Perficient
Perficient is the leading digital transformation
consulting firm serving Global 2000 and enterprise
customers throughout North America.
With unparalleled information technology, management consulting,
and creative capabilities, Perficient and its Perficient Digital agency
deliver vision, execution, and value with outstanding digital
experience, business optimization, and industry solutions.

5. 5
Perficient Profile
Founded in 1997
Public, NASDAQ: PRFT
2017 revenue $485 million
Major market locations:
Allentown, Atlanta, Ann Arbor, Boston, Charlotte, Chicago,
Cincinnati, Columbus, Dallas, Denver, Detroit, Fairfax,
Houston, Indianapolis, Lafayette, Milwaukee, Minneapolis,
New York City, Northern California, Oxford (UK), Southern
California, St. Louis, Toronto
Global delivery centers in China and India
3,000+ colleagues
Dedicated solution practices
~95% repeat business rate
Alliance partnerships with major technology vendors
Multiple vendor/industry technology and growth awards

6. 6
Oracle Practice Overview
3000+Deployments
Industry Expertise
Multi-Solution Expertise
EPM | ERP | BI | CX
Platinum
200+Oracle Experts
Partner
Cloud Select
Healthcare | Supply Chain/Mfg. | Energy/Oil & Gas
Financial Services | Consumer Markets
15
Specializations

7. 7
Perficient’s EPM Practice
Fast Facts
• Practice Started: 2002
• Projects Completed: 1000+
• Management Team: 15 years
• Oracle Authorized Education Center
• EPM / BI Education
• SupportNet Managed Services
• Support Services
Solutions Expertise
• Cloud readiness assessments
• EPM strategy and health check
• Financial close & consolidations
• Cloud & on-premises solutions
• Reporting & analytics
• Data relationship management
• Account reconciliations
• Profitability & cost management
• Infrastructure & high availability
Oracle Specializations

8. 8
Oracle Training and Education
Live Virtual Class Training on DemandClassroom Training
Learning Streams Self-study Courses
Train in person at an Oracle or Perficient
facility. These include in-class
demonstrations and hands-on labs.
Keep learning beyond the classroom
with the latest and continuously
updated video training though
subscriptions.
OU and Perficient instructors teach
students in a "virtual" classroom. Attend
these courses online, in real-time.
Train when and where you want, at
your own pace. Download the
courses online and take them from
your computer.
Train online via an internet connection.
Access streaming lectures, white
boarding, and lab activities 24/7.
Train in person at an Oracle or
Perficient facility or your office with
content tailored to your specific needs.
Private Events

9. Oracle Account
Reconciliation Cloud Service

10. 10
The Complete Financial Close Process
Reconciliations04
Compliance06
Internal Reporting05
Post Sub-ledgers01
Consolidations03
Close General ledger02

11. 11
The Complete Financial Close Process
Account Reconciliation (ARCS)04
Tax Reporting (TRCS)06
Enterprise Performance Rpt (EPRCS)05
Cloud Financials01
Financial Consolidation & Close (FCCS)03
Cloud Financials02

12. 12
Best in Class Reconciliation Solution
Transaction Matching
 Automate Performance of Matching High
Volume, Labor Intensive Transactions
Across One or More Datasets
Reconciliation Compliance
 Manage Reconciliation Processes
• Balance Sheet
• B/S and P&L Variance Analysis
• Consolidation Check
• Local GAAP
 Ensure Compliance Requirements
Corp
Account Reconciliation Cloud Service
Reconciliation
Compliance
Transaction
Matching

13. 13
Account Reconciliation Cloud Service (ARCS)
• Address the global reconciliation process
• For each process, support the complete
lifecycle, including:
o Verifications
o Assignment tracking
o Managing preparation and review
o Minimizing risk
o Process optimization
• Flexible and robust user-owned reporting
• Integrated with transaction systems
• Fully integrated with the EPM Cloud

14. Noble Energy’s
Cloud Story

15. 15
Noble Energy (NYSE: NBL) is an independent oil and natural
gas exploration and production company with a diversified
high-quality portfolio of both U.S. unconventional and global
offshore conventional assets.
Founded more than 85 years ago, the Company is committed
to safely and responsibly delivering our purpose: Energizing
the World, Bettering People's Lives®.
• Implemented Hyperion in 2009
• Solidifying their cloud portfolio by aggressively deploying
cloud across EPM, HCM and Financials
• Completed Account Reconciliation Cloud Service
Implementation in February 2018
Noble Energy

16. 16
Reliance on Microsoft Excel
• Reconciliation process previously in Excel spreadsheets
• Manually conduct all reconciliations and transactions
• No ability to drill into data for further analysis, and
additional or detailed data must be manually pulled from
source systems
• No direct drill through ability from reconciliation worksheet
to EBS
Reliance on Emails and Phone Calls
• All communication are through emails and phone calls
• No centralized system to provide supporting documents
and comments
• No auditable process and reporting binders
No Real-Time Visibility into Overall Status
• Need on-time and on-schedule reconciliation process
• Need workflow-driven assignments
Challenges

17. 17
ARCS Implementation Timeline
Mid-2017:
Shared pain
points/challenges
with Oracle
Helped identify
partners
October 2017:
Additional
discovery and
design sessions
with Perficient
Developed
implementation
plan
November
2017:
Commenced
Build phase of
project with
Perficient
February 2018:
Completed
testing and
deployment of
the new ARCS
application
April 2018:
Full cutover to
ARCS to
replace legacy
Excel-based
process

18. 18
ARCS Project Scope
• Data integration for
daily AP, AR
intercompany
transactions
• Auto-matching process
with ability to support /
adjust reconciliations
• Automated Data
integration for GL and SL
data sources with drill-
through functionality
• Global reconciliation
process with a
streamlined, workflow-
driven and
auditable process
• Hands-off patching and
upgrade process
• Data Automation
• Improved system efficiency
and updated user interface
• Oracle manages all
infrastructure
• Implemented SSO
Transaction
Matching
Reconciliation
Compliance
Administration

19. 19
Project Outcomes
Single
Source
ARCS
Project
Success
• Integrated Oracle EBS
• Less data to process offline,
put more in end-users’ hands
• Imported balances and
transactions automatically
• Cloud Account Reconciliation
environment
• Customized rules to auto-
reconcile and auto-match
reconciliations and transactions
• Real-time data and workflow
process via web
• Performing more granular
reconciliations
• On time and on budget!
• 60% of reconciliations are auto-
reconciled
• Estimated 30% time savings around
reconciliation
• Users see the value in ARCS and are
excited about using the application
• Intuitive dashboards
• Real-time metrics provide management
visibility into process

20. Questions
Type your question into the chat box

21. 21
Join us for any one of our seven sessions at Collaborate!
We’re pleased to have been selected to present on key topics from Oracle
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win drawings held at the close of each session!
Meet Our Experts at Collaborate

22. 22
Next up:
[Event] Collaborate 18
April 22-26, 2018 Las Vegas
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23. Thank You