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Introduction and Update: Oracle Hyperion Financial Close ManagementCON8536
Richard Wilkie - Sr Director, Product Management, OracleThomas Lefebvre - Senior Principal Product Manager, OracleJeffrey Bronaugh - Principal - IT, The Carlyle Group
Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |
Safe Harbor StatementThe following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle’s products remains at the sole discretion of Oracle.
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Copyright © 2014 Oracle and/or its affiliates. All rights reserved. | 4
Session Agenda
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Oracle EPM Perspective on the Extended Financial Close
Financial Close Management Overview
Key Enhancements in 11.1.2.4
Customer Success Story
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Oracle Hyperion EPM ApplicationsPlan for Growth, Report with Confidence, Accelerate Business Value
• Broadest and Deepest EPM Application Coverage
• Most Integrated EPM Suite
• Data, Meta Data and Process integration with Oracle, SAP ERPs
• Best in Class BI Integration
• Centralized Enterprise Dimension Management for EPM, ERP, BI
Enterprise Performance Management Platform
Strategy Management
Profitability Management
Planning andForecasting
Financial Close and Reporting
User Workspace, Reporting
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The “Extended” Financial Close Process
Sub Ledger Close General Ledger Close
Data Assurance Consolidation
Internal Management
Reporting
External Financial Reporting
Filing
Close sub ledgers into GL (AR, AP, FA, etc.)
Perform Reconciliations and Post Accruals
Deliver self service financial reporting to the organization
Create external reports with disclosures and financial data
Automate and deliver external & statutory filings
Gather and validate complete data sets to support all financial reporting needs
Automate consolidated financial reports leveraging multiple hierarchies and calculations
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Fragmentation
Process Management• Excel and Manual Lists
Process Communication• Email and Telephone
Data Integration• Email and Excel
For:• 100s of subsidiaries• 1000s of tasks
Spreadsheets, email & luck
Group Finance
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What We Hear from Customers
Streamline the period-end close cycle
Ensure visibility and predictability in financial consolidation and close
Integrate financial controls to ensure accuracy of financial results
Control audit costs
Avoid delays from unexpected reconciliation issues
Financial Close Challenges
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Oracle Hyperion Financial Close SolutionReport with Confidence
Disclosure Management
Financial Mgmt & Reporting
Financial Close Management
Finance Dashboard
Enterprise Performance Management Platform
Governance, Risk and Compliance
ERP: Oracle, SAP,
Legacy, OtherData Assurance Financial
Consolidation
Tax Management
Tax Provisioning Tax Operations
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Oracle Hyperion Financial Close Management
Close Manager ARM Account Reconciliation Manager
Supplemental Data Manager**
Also includes a license to Tax Governance**, which includes Tax Operations and Tax Supplemental Schedules
CM
SDM TAX** Coming soon!
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Visibility100% visibility into the status of tasks, reconciliations, data schedules, & tax-related activities
Copyright © 2014 Oracle and/or its affiliates. All rights reserved. | 12
AccessNo more spreadsheetsNo more bindersWorldwide accessibility
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EfficiencyClose Manager Task Integrations, ARM Auto Reconciliations, FDMEE Data Integrations... Many opportunities to reduce manual effort
Copyright © 2014 Oracle and/or its affiliates. All rights reserved. | 14
ControlAccount reconciliation formats, close tasks, finance schedules, tax schedules…You build it, and users must comply
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Oracle Hyperion Financial Close ManagementLarge and growing customer base
Technology Financial Services & Insurance Industrial Consumers
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What these customers are telling us
FCM is the global standard for managing worldwide financial close activities
Reduced time-to-close
Reduced risk across the organization
Positive ROI in as little as 18 months
Copyright © 2014 Oracle and/or its affiliates. All rights reserved. | 17
Oracle’s Continuing Investment• Supplemental Data
Manager
• Tax Operations
• Tax Supplemental Schedules
• Tabbed User Interface
• Regionalization Enhancements
• Configurable Notifications
• Report Writer
• ARM Amortizing / Accreting Transactions
• ARM Choose Role
• ARM Profile Active Flag
• ARM Rules (Phase 1)
• CM Mobile Application
• CM Architectural Improvements
• CM Advanced User Assignments
• CM Power Task Actions
• CM Usability Improvements
• CM Filter/List View/Actions backports