Orthofix International, a global medical device company and a legacy Hyperion Financial Management customer, needed to improve its overall close process, providing better tools to employees, and minimize its infrastructure footprint. They partnered with Perficient to implement Oracle Hyperion Account Reconciliation Cloud Service (ARCS) and Financial Close Cloud Service (FCCS) to perform account reconciliations and manage the close process. Orthofix and Perficient leaders discussed the implementation including lessons learned, benefits realized, and how these new applications could also benefit your organization.

1. How Orthofix Improved Its Financial Close &
Consolidations with Oracle Cloud
Account Reconciliation Cloud Service (ARCS) & Financial Consolidation and Close Cloud Service (FCCS)

2. Santhosh Nair
General Manager, Oracle EPM
Perficient
Scott Rodney
Hyperion Financial Management Admin
Orthofix
Lon Snook
Vice President, U.S. Accounting and
Consolidations
Orthofix

3. 3
Agenda
• Introductions
• About Perficient
• Oracle EPM Cloud Landscape
• About Orthofix
• Current State / Challenges
• Project Scope and Timeline
• Outcomes / Success Metrics
• What’s Next / The Future
• Q&A

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
2015 revenue $473.6 million
Major market locations:
Allentown, Atlanta, Ann Arbor, Boston, Charlotte,
Chattanooga, 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
Perficient’s EPM Practice
Fast Facts
• Practice Started: 2002
• Projects Completed: 1000+
• Management Team: 15 years
• Oracle Authorized Education Center
• Hyperion 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

7. 7
CFOs Embrace Moving Financial Apps to the Cloud

8. 8
A Complete EPM Cloud Solution
Account Reconciliations
Consolidations
Budgeting &
Forecasting
Integration
Secure Single Vendor Platform
 COMPREHENSIVE - The most complete
cloud-based Enterprise Performance
Management solution available
 EASY TO ADOPT – Modular productswith
Configurable capabilities, leveraging a
Common Platform, Flexible Deployment
 FIRST-IN-CLASS FUNCTIONALITY –
Embedded Best Practices, Tailored Role-
based Interfaces, Pre-Built Content,
Extensive Leverage of Oracle R&D
Copyright © 2016 Oracle and/or its affiliates. All rights reserved.
 COMPREHENSIVE – The most complete
cloud-based enterprise performance
management solution available
 EASY TO ADOPT – Modular products with
configurable capabilities, leveraging a
common platform, flexible deployment
 FIRST-IN-CLASS FUNCTIONALITY –
Embedded best practices, tailored role-based
interfaces, pre-built content, extensive
leverage of Oracle R&D
Tax Provision
Profitability & Cost Management

9. 9
Oracle’s EPM Cloud Leadership
Copyright © 2016 Oracle and/or its affiliates. All rights reserved.
Built on over
15 years of
Product
Innovation
Clients across
industries
Financial Services,Higher Ed,
Consumer Goods, Retail, Services,
High Tech, Public Sector
1,982
Subscriptions
to date
104,681
End Users and
growing!
Available and
Supported Globally
24 X 7 X 365
First Product
Launched:
February 2014
(5 products to date)

10. 10
• Cloud-based ‘Software-as-a-Service’ delivery advantages
• No capital infrastructure investments
• Minimal IT resource requirements
• Owned by line of business
• Never have to worry about upgrades
• New features are more frequently available
• Backups are owned by Oracle
Oracle Cloud Service

11. 11
• Address the global reconciliation process
• For each process, support the complete
lifecycle including:
• Verifications
• Assignment tracking
• Managing preparation and review
• Minimizing risk
• Process optimization
• Flexible and robust user-owned reporting
• Integrated with transaction systems
• Fully integrated with the EPM Cloud
Oracle Account Reconciliation Cloud Service (ARCS)

12. 12
• Close Calendar
• Features custom task
management
• Workflow for enterprise-level
collaboration
• State-of-the-art dashboards
• Intuitive user interface
Financial Consolidation Cloud Service (FCCS)
includes Financial Close Manager functionality

13. 13
Orthofix
• Founded in Verona, Italy in 1980, Orthofix is a global medical
device company providing innovative solutions to physicians
around the world
• Headquartered in Lewisville, TX, the company has four
strategic business units that include BioStim, Biologics,
Extremity Fixation, and Spine Fixation
• Over 50 countries served and 900 employees
• Corporate provides comprehensive management services,
such as compliance, legal, finance, and human resources
• Global Oracle EBS
• Global Hyperion FDMEE and HFM implementation in 2015
• Live on FCCS/FCM and ARCS February 2017

14. 14
Financial Accounting & Analysis Team
• Multiple departments, each with multiple
entities and varying degrees of involvement in
Close and Reconciliation process led to non-
standardized process
• Wanted participants to be accountable for their
activities
• Spent time processing the Close and
reconciling data and not enough time
analyzing it
Growing Business
• Multiple Oracle EBS instances for ERP
• Implemented HFM and FDMEE on
premises in 2015
• Wanted to automate Close and
Reconciliation Process
• Growing need to provide executive office
with greater insight into the Close and
Reconciliation status
Company Background

15. 15
Manual Tracking of Financial Close Tasks
• Managed via Excel and email
• Non value-add time spent tracking status
• No direct visibility into bottlenecks
• Participants did not have visibility to their role in the
process
Account Reconciliation
• Process and templates were done in Excel
• Balance change updates during close might be
missed in Reconciliation
• Non-productive time spent tracking status
• Challenging to ensure all accounts were reconciled
• Repository for reconciliations were in network folders
and additional time was required to ensure all were
completed
Challenges

16. 16
FCCS / ARCS Integration Timeline
Summer 2016
Began to explore
solutions for
Reconciliations
and Close
Management
Oct 2016
Built vision
and engaged
Perficient as
partner
Nov 2016
Began ARCS
& FCCS/FCM
project with
Perficient
Dec 2016
Close
Went live with
FCCS/FCM,
7 weeks after
project start
Jan 2017
Close
Went live
with ARCS,
11 weeks
after project
start

17. 17
FCCS and ARCS Scope Areas
Period Close ARCS
Accountability and
Management
• Clearly defined tasks for
different close periods
(Month, Quarter,
Year-End)
• Ability to create a specific
PBC task list for external
auditors
• Segregation of tasks by
organizational unit
• Task dependencies
• Centralized tracking
and storage of
Reconciliations and
supporting schedules
• Auto – Reconcile rules
• Data integration
components to load
GL balances
• Workflow for Close and ARCS
approvals with automatic mail
notifications
• Dashboards for task and
Reconciliation status and
bottlenecks
• Out-of-box reports for audit
and reporting purposes

18. 18
Project Outcomes
Admin
Feedback
User
Feedback
Project
Success
• Defined start and end for close
and reconciliation process
• Ability to quickly reload all
balances into all reconciliations
• Capacity to check status and
bottlenecks
• Streamlined process for user &
application management due to
web-based nature
• Auto reconciliation feature saves the
user time
• Notifications helpful in identifying
priority tasks
• Data loaded automatically into
reconciliations
• All accounts listed in one place. Won’t
miss any account
• Auditors like the time-saving process
and complete PBC package
• On time and on budget!
• Time savings around
reconciliation preparation
• Facilitates Audit readiness
• Cloud solution reduces
infrastructure footprint, reliance
on IT, and streamlines application
and user maintenance

19. 19
What’s Next? EPBCS
Web-enabled planning and
budgeting
Analytics for sales including
geography and seasonality
Analytics for sales part
number and product
Non-financial data metrics
including metrics and
volumes

20. Questions
Type your question into the chat box

21. 21
Next up:
[Webinar] How Oracle Sales Cloud Release 12 Will
Boost Sales Productivity
Wednesday, March 22
[Event] Collaborate – Las Vegas
April 2-6
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22. Thank You