BI for Finance - NorCal OAUG · BI for Finance How to re-vamp your ... •OBIEE/OBIA Tools in Finance Alone . ... Centrally controlled solution for non-finance users to be able

BI for Finance How to re-vamp your BI Strategy

Danny Nguyen

Suzie Broshous

Business Development Team

Time: 11AM - Noon

Room: Silicon Valley

Slide 2 Copyright InsightSoftware.com, Inc. All rights reserved.

Copyright InsightSoftware.com, Ltd. All rights reserved

Danny Nguyen

Sr. Manager, Oracle Business Development

Office: 714-656-2765

[email protected]

Suzie Broshous

Oracle Business Development

Office: 720-259-6441

[email protected]

Presenters Contact Information

http://oracle.insightsoftware.com


“Despite years of investing in BI, many IT

organizations have difficulty

connecting BI with the business,

and to get business users fully involved

and out of the ‘Excel culture’.”

Bill Hostmann

Vice President, Gartner


How many of you are in this

exact situation?


Diverse Requirements


Requirements by Role

Role Information Type Media Frequency

C-Level Consolidated,

past/present/future, monitoring

KPIs

Graphical Dashboard

and PDF type report

pack

Weekly & Monthly

Department

Head

Consolidated and transactional,

past/present/future, live drill

down to source

Screen and PDF type

report pack

Daily, Weekly &

Monthly

Department

Manager

Consolidated and transactional,

past/present /future, live drill

down to source

Screen and PDF type

report pack

Daily, Weekly &

Monthly

End User Real time transactional reporting

and inquiry

Screen, PDF and Ad

hoc reporting

Ad hoc


Gartner: 9 Fatal Flaws in BI Implementations

• Flaw 1: Believing that “If you build it, they will come”

• Flaw 2: Managers “dancing with the numbers”

• Flaw 3: “Data quality problem? What data quality problem?”

• Flaw 4: “Evaluate other BI platforms? Why bother?”

• Flaw 5: “It's perfect as it is. Don't ever change ...”

• Flaw 6: “Let's just outsource the whole darn BI thing”

• Flaw 7: “Just give me a dashboard. Now!”

• Flaw 8: “X + Y = Z, doesn't it?”

• Flaw 9: “BI strategy? No thanks, we’ll just follow our noses”


"One-stop shopping," doesn't necessarily lower the total cost of

ownership or deliver the best fit for an organization’s needs.

BI platforms are not commodities, and all do not yet

deliver all functions to the same level.

Integration between the application vendor's ERP/data warehouse and

BI offerings is not a compelling reason for ignoring alternatives.

Gartner: 9 Fatal Flaws in BI Implementations

Flaw 4: "Evaluate other BI platforms? Why bother?"


• Standard Reports

• Discoverer

• FSG

• ADI

• APEX

• Hyperion

• OBIEE/OBIA

Tools in Finance Alone


Export Cleanse Analyze

Data Information

Reality of Spreadsheets


Export Cleanse Analyze

85% of time

GOAL: Reverse the formula!

Spend time analyzing instead of constructing

64% of time

Cleansing the same report over

& over again

Reality of Spreadsheets


Struggle Within = Stalemate

End Users

o Ease of Use

o Flexibility

o Interactive

o Rapid Deployment

IT Department

o Standards

o Structure

o Control

o Stack Centricity


Introducing: SmartFinance

1. Enable Finance to speed up current processes

Close Month, Quarter and Year-End Faster

Reduce audit time

Publish reports faster for better decision making

2. Enable Finance to implement a “Self Service” financial information

model

Centrally controlled solution for non-finance users to be able

to answer their own finance questions

Steps to Speeding up Month-End Processes


Introducing: SmartFinance

3. Enable Finance to spend less time gathering information and

more time analyzing

Eliminate non-value added work to increase efficiencies

Time Saved = More Time to Analyze =

Better Decision Making

Steps to Speeding up Month-End Processes


Standard Oracle Features

• Employ embedded Oracle security rules & policies

• Import and Report against Hierarchies, including FSGs

• Report on DFFs

Quick Access to Information

• Join data from multiple sources

• Drill down to data at multiple levels

• Report directly against the sub ledgers in real-time

Easy to use

• Capture real-time information with a simple interface

• Quickly add and remove columns

• Edit using drag & drop

• Apply high quality formatting – ONCE

• Quickly publish to PDF & export to Excel

Insight Benefits


Hassle-Free Reporting

Process Real Customer Experience

Month End Recovered 4 days

Year End Recovered 10 days

Management Report Pack Recovered 3 days

Ad-hoc Reporting Recovered Days to minutes

What used to take 8 hours takes

less than a minute using Insight Reporting.

How can you beat that?


Quick Facts

Over 650 customers

50,000+ users in 25+ countries

Market leader in real-time financial reporting for over 19 years


Global Presence

Over 530 customers

40,000+ users in 25+ countries

Market leader in real-time financial reporting

for over 19 years

For customer list, case studies, video testimonials:

www.insightsoftware.com/customers


Insight SmartViews

Financial Modules General Ledger

Accounts Payable Accounts Receivable

Fixed Assets Purchasing

Projects

• Immediate value and results

• Pre-packaged templates

• Installs under 2 hours

• Reduces IT costs

• Minimize spreadsheet risks

• Improves efficiency

• Leverages existing security

• Complement full blown BI Tools

Insight™ Benefits

The Insight Gallery™ showcases dozens of SmartViews™ that provide instant value. We’ve built it so you don’t have to.

Product Demonstration




Danny Nguyen

Sr. Manager, Oracle Business Development

Office: 714-656-2765

[email protected]

Suzie Broshous

Oracle Business Development

Office: 720-259-6441

[email protected]

Presenter Contact Information

http://oracle.insightsoftware.com

Documents

BI for Finance - NorCal OAUG · BI for Finance How to re-vamp your ... •OBIEE/OBIA Tools in Finance Alone . ... Centrally controlled solution for non-finance users to be able