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Oracle Hyperion Financial Close Management helps you manage all financial close cycle tasks, including ledger and subledger close, data loading and mapping, financial consolidation, account reconciliation, tax/treasury, and internal and external reporting processes—any task associated with the extended financial close. Attend this session to hear how customers have implemented this application to streamline and improve their financial close.
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Customer Success Oracle Hyperion Financial Close Management
Alexandre Seran
Copyright © 2014, ADI Strategies. No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without prior written approval from ADI Strategies.
Introductions
Case Studies of Financial Close Suite Implementation
Project Considerations
Q&A
Agenda
Copyright © 2014, ADI Strategies. No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without prior written approval from ADI Strategies.
Finance Transformation
Health ChecksRoadmap
Development
CO
E /
PM
O /
Co
mp
lia
nc
e
PlanningSolution
ArchitectureFinancial
Consolidation
Management Reporting
Profitability Analytics
Financial Close
Master Data Management
ETLBusiness
Intelligence
Infrastructure
Knowledge Transfer, Training and Change Management
Maintenance Support
Imp
lem
en
tatio
n S
erv
ice
sADI Strategies: Overview
• Founded in 2002, Today ADI is one of the largest Oracle EPM & BI firms with over 130 consultants
• 12+ years of technology and advisory services
• Finance Transformation to Maintenance Support
• Global delivery capabilities
• Oracle Platinum Partner focused on EPM & BI
• EPM Advisory Council
• Oracle Financial Services Advisory Council
• 2012 Specialized Partner of the Year
• Industry & Product Specializations
Copyright © 2014, ADI Strategies. No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without prior written approval from ADI Strategies.
4
Industry
Areas of Focus
Costing & Activity Based Management
Planning and Analytics
Financial Close
Reporting and Analytics
Data Integration
Business Intelligence
MDM & Data Governance
Industrial Manufacturing Consumer Goods High Tech Media Financial Services Professional Services Engineering Wholesale Distribution Healthcare
ADI: Experience and Leading Practices
Copyright © 2014, ADI Strategies. No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without prior written approval from ADI Strategies.
Introductions
Case Studies of Financial Close Suite Implementation
Project Considerations
Q&A
Agenda
Copyright © 2014, ADI Strategies. No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without prior written approval from ADI Strategies.
Case Study: Financial Close ManagementGlobal Manufacturing
Company Profile• Fortune 200 public company• Worldwide leader in discrete
with over 250+ legal entities, 2,000+ users and 2 million accounts to be reconciled
• Oracle EBS is the primary ERP. Sub-ledger closed by respective regional owners (support by shared services)
Results:• End-to-end visibility into close process flow chart and monitoring each month end.• Identification of critical path and frequently delayed work tasks • Six-sigma projects initiated for process improvements leading to faster close cycles• Ease in ability to monitor close process and take corrective actions to prevent impact on downstream close deadlines
Situation• Complex, time consuming, manual
intercompany matching process which often impacted close deadlines
• Manual, resource-intensive tracking of EBS close process. No single group visibility of complete set of close activities
• Lack of visibility in close process once data loaded into HFM
Approach• Detailed exercise to identify close activities
across multiple sites and identify dependencies and critical paths
• Phased roll out of close manager by identifying critical processes and locations which impacted close completion
• Focus on providing visibility into close activity progress to identify sites and activities causing delays frequently
6
Copyright © 2014, ADI Strategies. No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without prior written approval from ADI Strategies.
Case Study: Financial Close ManagementGlobal Manufacturing
Company Profile• Fortune 200 public company• Worldwide leader in discrete
with over 250+ legal entities, 2,000+ users and 2 million accounts to be reconciled
• Oracle EBS is the primary ERP. Sub-ledger closed by respective regional owners (support by shared services)
Results:• Well integrated, automated & efficient reconciliation process governed by Audit team and managed by EPM team• Reduced time and effort on reconciliation with reduced risk of compliance with high degree of auditability• Highly scalable design to be globally rolled out• Enhanced reporting and analytics
Situation• Diverse, manual mechanisms for
account reconciliation within multiple ERP systems.
• Large no of reports in EBS for reconciliation causing load during close process
• Weak traceability, auditability and security controls leading to data integrity challenges
Approach• Chose complex pilot site with variety of
reconciliations and focus on automation and process improvement
• Holistic design of the EPM Footprint allowed to Leverage DRM for reconciliation metadata management process
• Phased roll out by locations/legal entity/business unit combinations
• Two-month defined location roll out template.
7
Copyright © 2014, ADI Strategies. No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without prior written approval from ADI Strategies.
Case Study: Financial Close ManagementGlobal Manufacturing
Copyright © 2014, ADI Strategies. No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without prior written approval from ADI Strategies.
Introductions
Case Studies of Financial Close Suite Implementation
Project Considerations
Q&A
Agenda
Copyright © 2014, ADI Strategies. No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without prior written approval from ADI Strategies.
General Project Considerations
Success
Plan forward• Plan your Hardware ahead
for the Growth and the required business SLA.
• Think Holistically about the EPM Suite toolset and the right product for the need
• Data Integration is Key. Think DRM, FDMEE, EAL, ODI…
Collaboration• Engage all different
stakeholders• While Finance driven, The
infrastructure and technology layer is key
• Review validation and approval process with Auditors early on
Involvement• Hands on Engagements• Don’t rely fully on
Consultants• Involve • Finance, IT and
Implementation Partner work hand in hand and are equally accountable
Copyright © 2014, ADI Strategies. No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without prior written approval from ADI Strategies.
Typical Project Timeline & Activities
Define
• Identify Stakeholders, Objectives & Success Criteria
•Review existing processes and identify efficiency metrics
• Infrastructure setup
•Project Team Training
•Finalize Requirements
Design
•Configuration Workshops
•Design Data Interfaces and Application Artifacts
•Future processes design
•Change management and training plan
•Obtain Signoff
Build
•Build financial close workflow and tasks
•Build integration tasks system interfaces
•Build data interfaces and mapping definitions
•Data loads and validations cycles
•Conference room pilots
Train & Test
•Create training materials and test scripts
•Conduct system testing
•Conduct power user training
•Conduct end user trainings
•User acceptance testing
Deploy
•Readiness assessment
•migration to Production
•Turnover & Go Live Support
•Celebration
4-6 Months typical timeline
Copyright © 2014, ADI Strategies. No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without prior written approval from ADI Strategies.
Introductions
Case Studies of Financial Close Suite Implementation
Project Considerations
Q&A
Agenda
Copyright © 2014, ADI Strategies. No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without prior written approval from ADI Strategies.
Contact List
For more information, contact:
Karen Trainer, Marketing & Alliances
Don Bieger, Financial Close Practice
Don Davis, EPM Advisory
Alex Seran, Financial Close Practice
Copyright © 2014, ADI Strategies. No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without prior written approval from ADI Strategies.
APPENDIXAdditional Case Studies
Copyright © 2014, ADI Strategies. No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without prior written approval from ADI Strategies.
Case Studies : Diverse company profilesAgribusiness
• Publicly traded Innovative Global Food producer
• Global implementation of Financial Close Manager and Account Reconciliation Management
• Full GL &HFM integration. Looking to leverage against planning in future phase
• Close Manager module:• 100 tasks• 25 users
• ARM module:• JDE GL with Native Adapter Integration• 200 reconciliations• 6 formats• 25 User
• 1 Administrators
• Implementation: 3 months
Northeast Manufacturing Company
• Publicly traded 2.9 B Manufacturing Company Operating in 19 different countries
• Early Adopters of ARM/FCM
• Pilot approach with Corporate Reconciliations.
• Close Manager module:• 300 tasks• 70 users
• Account Reconciliation module:• SAP GL with Open Adapter Integration• 500 reconciliations • 15 Formats• 50 users (internal / external)
• 2 Administrators
• Implementation: 4 months
Copyright © 2014, ADI Strategies. No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without prior written approval from ADI Strategies.
Case Studies : Diverse company profilesWorld Leader in Green Energy
• Publicly traded with National and International presence
• Global implementation of Financial Close Suite
• Complex compliance requirements (SOX, FERC,…)
• Close Manager module:• 1200 tasks• 35 users
• ARM module:• Msft Navision with Open Adapter Integration• 600 reconciliations• 12 formats• 30 User
• 2 Administrators
• Implementation: 3 months
Medical Insurance Provider
• Leading health care company that offers a wide range of insurance products and health and wellness services
• Corporate implementation of Financial Close Manager
• Close Manager module:• 500 tasks• 25 users
• ARM module:• EBS GL with Native Adapter Integration• 600 reconciliations• 6 formats• 25 User
• Implementation: 3 months
Copyright © 2014, ADI Strategies. No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without prior written approval from ADI Strategies.
APPENDIXPresenter’s Professional Profile
Copyright © 2014, ADI Strategies. No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without prior written approval from ADI Strategies.
Relevant Professional Experience
Alexandre SeranPrincipal – Financial Close.
Led over 20 large scale EPM solutions deployment with responsibilities covering Process and Solution architecture to technical development.
Led the design of a Financial Close Suite and Financial Consolidation Solution for the world largest social media.
Led a full system review and environment audit following the implementation of a corporate consolidation and planning system for the world’s largest CPG company, to assure the delivery of business needs and support compliance requirements.
Led a company wide financial systems restructuring and reengineering effort including ERP, BI and Analytics work for a multinational Luxury goods company.
Led the design and deployment of corporate wide Financial Consolidation, planning and reporting solution for a multinational media and advertising group operating in more than 71 countries in a strict Sarbanes compliance mode.
Managed the Global IT Operations with a 10$M annual budget for a multinational media and advertising group operating in more than 71 countries.
Supported corporate Financial systems administration team supporting Financial consolidation and Corporate Controlling dashboard for a Multinational Electrical distribution & Energy Management.
Led the corporate information systems transformation to support IFRS Transition for multiple clients in Europe and APAC.
Background
Alexandre serves his clients with a unique blend of technical and functional expertise in Financial Systems transformation projects gained with more than 10 years of experience in large multinational organizations in Europe and North America with responsibilities covering Corporate Financial reporting Systems, Process reengineering, ITIL and change management Lead.His career started in Financial Reporting Solutions at Schneider-Electric and prior to becoming a consultant Alexandre was the director of the Financial Reporting systems and the Vice President of Global IT operations for Publicis Group. Analytical, communication and relationship building skills together with capacity to adapt to new environment were key to Alex’s professional success in servicing his customers.
Industry and Functional Experience
Industries•Media &Advertising•Utility & Energy Management•Biotechnology•High Technology•Manufacturing•Retail
Expertise•Financial Close & Consolidations•Financial Planning•IFRS Transitions•SOX
Technical Skills•Oracle EPM & BI•SAP BOFC•SAP BCP•Strategy & Process Engineering•Training & Change Management
Languages•English•French•Arabic
Copyright © 2014, ADI Strategies. No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without prior written approval from ADI Strategies.
Relevant Professional Experience
Don BeigerDirector – Financial Close.
Don has managed/lead numerous initiatives involving ERP & EPM Implementations. He has exposure to a number of different environments across multiple industries. Prior to joining the EPM practice Don was manager of Oracle Financials for major healthcare company and delivered several ERP initiatives as part of the Ernst & Young Oracle Service Line. Management & Technology Consulting Experience· Financial Close Management and Process Improvement· ERP integration and standardization · Strategic Roadmap Facilitation · Organizational Design & Transition· Financial Capability Development and Training
Engagement Management & Oversight Experience· Advisory Services capability across overall EPM suite of products. · Full program management lifecycle experience: requirements, design, build, test &
deploy, including conducting and managing assessment and requirements activities· Conducting and managing design and architecture activities· Promotes overall data governance program to enable quick implementation wins to
align with long term organizational strategy · Assist organizations with managing overall change in setting up steady state
transition. Fosters methodology to facilitate change management to the user community.
Select Relevant Engagements· Managed and delivered over 20 global EPM engagements over 5 year timeframe· Implementation of ARM/FCM products as part of Oracle Early Adopter Program
Background
Don is senior level business and information technology consultant with over 15 years of experience in financial system and business intelligence implementations. Possessing the unique combination of technology integration and business process improvement expertise, Don functions as a strategist in aligning Enterprise Performance Management solutions with corporate directives. Leveraging his CPA background, Don assists organizations in identifying opportunities in which process improvements can be gained through the use of enabling technologies. This combination of functional and technical expertise enables Don to work with clients in rapidly understanding their current state, identify value-add opportunities, and develop strategic roadmaps that aligns with the enterprise vision.
Industry and Functional Experience
Industries•Health Care•Manufacturing•Utilities & Energy Management•Internet Services•Retail & Hospitality Management•Banking and Financial Services•Agribusiness
Certifications•CPA•Hyperion Financial Management
Technical Skills•Oracle EPM & BI•SAP BCP•Strategy & Process Engineering•Training & Change Management
RDBMS•SQL Server•Oracle