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Oracle’s EPM System and Strategy
Oracle Hyperion Financial Data Quality Management (FDM) 11.1.1 for Planning
Michael van der Merwe
Oracle BI & EPM Strategy Team - FDM
• FDM Overview & Positioning
• FDM demonstration
• Questions
Agenda
Financial Data Quality Differentiated
Hyperion Financial Data Quality Management helps finance users increase their confidence in the numbers and lowers their cost of compliance by eliminating data integrity risks associated with collecting, mapping, validating, and moving critical financial data from across the enterprise.
Financial data quality management is a business issue, and is defined as the practice by which companies can effectively and consistently combine the following four factors:
• Financial data collection and transformation• Repeatable financial processes• Internal controls• Audit trails
Points of Failure in Data Load
Manual data entry Unbalanced files Submission error
Duplicate data Data load failure Data mapping
Incomplete data Data validation Consistency check
DataQuality
Gap InsightPerformance
Action
SetGoals
Plan
Monitor
Analyze
Report
Align
Customer Challenges
• Errors in financial data collection• Financial restatements• Inconsistent account structure• Dozens of source systems• No audit trails back to the GL/Source data• Weak controls around data collection• Lack visibility and transparent processes
Audit Trails Integrate Controls questions Store current and historical
mapping definitions Store supporting documents
Data Collectionand Transformation
Read and interpret any G/L trial balance file
Mapping validation against target system dimensions
Data integrity checking against data validation rules
Internal Controls Source financial document archival
Prepackaged audit and internal control reports
Comprehensive role based security
RepeatableProcesses
Single standard and defined solution for any target application
Standardized database schema Standard upward data certification process
Oracle EPM System Delivers Confidence with FDM
FDM
FDM Server
•Data cleansing and transformation•Data Staging•Advanced data mapping•Task scheduling•Text and document archive•Audit review•Compliance •Reporting
Oracle EBS
TaxFiling
Guided Workflow User Interface
Oracle Hyperion
FDM Architecture
•ERP files•Flat files•XLS•CSV•Etc….
•Database•DataMart•DataWH
Custom•Database•DataMart•DataW/H
EPM Adapters
•Prepackaged integration•Data loading including supplemental data, line item detail, journals, drill-back•Dimensional mapping verification •Process management
Hyperion
•Financial Management•Planning•Essbase•Enterprise
ImportData Flow
Validate Export/Check
100% Audit trail
TaxStream
Oracle EBS 11i GL
Hyperion FDM
Workspace
Release 11.1.1
Linking Hyperion to Oracle E-Business Suite
Oracle’s Hyperion Financial Data Quality Management Benefits
• Confidence in the numbers – Hyperion FDM provides robust audit trails from source systems to target with robust validation capabilities, providing transparency into the numbers
• Decrease cost of compliance – Hyperion FDM with its internal control checks over the process ensure adherence to company policies and procedures, enhancing controls while lowering costs
• Speed and agility – Improve the EPM cycle by days with a Finance owned and maintained application that is quick to implement and supports a simple, easy to follow, repeatable process
FDM Demonstration
End users “Import” their source financial data (from files, DB’s or Oracle EBS) into FDM eliminating all manual changes ensuring complete accuracy.
Imports from Any Source
Invalid Dimension Map Problems are identified for easy correction. FDM allows for simple or complex cross-dimensional and conditional mapping of data.
Smart Dimensional Mapping
End users are given feedback on the quality, accuracy, and completeness of the data that they loaded to Planning, so they are accountable, and can participate in the data integrity management process. Additional adjustment data may be loaded via flat or Excel files.
User Driven Data Validation Rules
Audit trail includes the ability to drill back from Planning accounts to source data, whether the data is contained within a file or DB/EBS.
Traceable from “Source to Report”
Users can “drill down” into GL detail for a single location and intersection. The Open Source System Link will be visible when sourcing data from EBS. Source data will also be available via a snapshot file.
Traceable from “Source to Report”
EBS landing page is shown with same context as drill-back page, the account balance detail is available from the EBS landing page.
Traceable from “Source to Report”
FDM Reports
The Intersection drill-down report allows for a view of all current source to target maps for all dimensions in one view, with values. The report is available in PDF, Word, Excel, HTML and RTF formats by default.
Visibility Through Dashboards
The Close and Controls documentation status report provides further visibility into the process. See quickly who has loaded data into Planning & who has reviewed and then submitted their attestation.
Sarbanes Oxley control questionnaires allow end users to attest to the validity of financial data.
Business process areas are grouped into sections and questions can be tied to activities for monitoring and testing. Built in workflow allows for promotion of responses to the next review level.
These questions apply to Section 302 Review Certification, as well as monitoring the 404 control framework.
Supports Sarbanes Oxley Certifications and Assessment Requirements