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Rapidly Deploy Budgeting and Forecasting with Oracle and Perficient

Date post: 18-Nov-2014
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Companies of all sizes can now deploy Oracle Planning and Budgeting Cloud Service (PBCS) to the cloud in just 8 weeks. PBCS contains all the power of Oracle Planning with faster deployment to: Accelerate planning, budgeting and forecasting Drive planning across the enterprise Deploy self-service, integrated planning and management reporting Connect operation assumptions to financial outcomes This slideshare includes a demonstration of how Planning and Budgeting Cloud Services can save valuable time and resources. Combined with Perficient's Fast Forward™ for Planning solution, your planning solution is quickly developed and deployed on the Oracle Cloud with less risk and a lower cost than traditional implementations. Experience a first-hand client perspective on their recent implementation Discover actionable knowledge, best practices, and a quick start program to have your finance department up and running in 8 weeks Gain perspectives and best practices from industry experts who have designed and delivered hundreds of planning and budgeting implementations
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Rapid ROI with Perficient & Oracle PBCS
Transcript
Page 1: Rapidly Deploy Budgeting and Forecasting with Oracle and Perficient

Rapid ROI with Perficient & Oracle PBCS

Page 2: Rapidly Deploy Budgeting and Forecasting with Oracle and Perficient

Presenters

Santhosh Nair

General Manager, Oracle EPM

Perficient

Jennifer Toomey

Senior Product Marketing Director

Oracle

Brian Shepard

Solution Architect, Oracle EPM

Perficient

Gordon Hofman

Vice-President of Finance

SSA Marine

Page 3: Rapidly Deploy Budgeting and Forecasting with Oracle and Perficient

Agenda

• About Perficient

• Plan for Profitable Growth – Oracle PBCS

• Overview of PBCS – Key Features & Benefits

• Perficient’s Fast Forward for Hyperion Planning

• SSA Marine – Customer Case Study

• Q/A Session

• Next Steps

Page 4: Rapidly Deploy Budgeting and Forecasting with Oracle and Perficient

About Perficient

Page 5: Rapidly Deploy Budgeting and Forecasting with Oracle and Perficient

Perficient Fast Facts:

• Publicly traded on NASDAQ

• Founded in 1997

• $425 million in annual revenues

• 2200+ employees

• Flexible delivery options

• Oracle Platinum Partner

• 15+ year partnership with Oracle

• 1,800+ Oracle projects

• Industry verticals: Healthcare, Oil & Gas, and Financial Services

• Oracle practices: ERP, EPM, BI, CX, and Fusion Middleware/SOA

• Oracle certified training partner

Page 6: Rapidly Deploy Budgeting and Forecasting with Oracle and Perficient

Oracle Platinum Partner – Certified on the latest

Oracle product platforms and technologies, as well as

implementation and migration best practices.

- Oracle EPM (Hyperion) Practice

- Oracle ERP Practice

- Oracle Business Intelligence Practice

- Oracle CX Practice

- Oracle Middleware Practice

Oracle Authorized Education Center – Certified to

deliver the official Oracle course curriculum to

customers via onsite training classes. Perficient owns

and operates one of the national Oracle training

facilities listed on the Oracle website.

Oracle Specialized Partner – Certifications by Oracle

include: PBCS, HFM, Planning, and Essbase

Oracle Authorized Reseller – Certified on Oracle

licensing and authorized to resell licenses and

maintenance contracts

Oracle Partnership

Specialized

Planning Budgeting Cloud Service

Page 7: Rapidly Deploy Budgeting and Forecasting with Oracle and Perficient

Practice Started

Successful Projects

Service Capabilities

Education

Support Offering

Perficient’s Hyperion Practice

2002

500+

Hyperion Financial Managment (HFM)

Financial Data Quality Managment (FDM)

Planning (on-premise & PBCS)

Essbase

Data Relationship Management (DRM)

Data Relationship Governance (DRG)

Profitability Cost Mangment (HPCM)

Financial Close Management (FCM)

Account Reconciliation Manager (ARM)

Essbase Analytic Link (EAL)

Authorized Oracle Education Center

SupportNet

EPM/Hyperion

Specialized

Planning Budgeting Cloud Service

Page 8: Rapidly Deploy Budgeting and Forecasting with Oracle and Perficient

BUSINESS SOLUTIONS

Business Intelligence

Business Process Management

Customer Experience and CRM

Enterprise Performance Management

Enterprise Resource Planning

Experience Design (XD)

Management Consulting

TECHNOLOGY SOLUTIONS

Business Integration/SOA

Cloud Services

Commerce

Content Management

Custom Application Development

Education

Information Management

Mobile Platforms

Platform Integration

Portal & Social

Our Solutions Expertise

Page 9: Rapidly Deploy Budgeting and Forecasting with Oracle and Perficient

BUSINESS SOLUTIONS

Business Intelligence

Business Process Management

Customer Experience and CRM

Enterprise Performance Management

Enterprise Resource Planning

Experience Design (XD)

Management Consulting

TECHNOLOGY SOLUTIONS

Business Integration/SOA

Cloud Services

Commerce

Content Management

Custom Application Development

Education

Information Management

Mobile Platforms

Platform Integration

Portal & Social

Our Solutions Expertise

Page 10: Rapidly Deploy Budgeting and Forecasting with Oracle and Perficient

Transportation Consumer Goods/Media Oil & Gas/Chemical

Manufacturing Technology Higher Education

Healthcare Financial Services Energy

Hyperion Clients

Page 11: Rapidly Deploy Budgeting and Forecasting with Oracle and Perficient

Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |

Plan for Profitable GrowthOracle Planning and Budgeting Cloud Service

Jennifer ToomeySenior Director, Product MarketingOracle Business Analytics

Oracle Confidential – Internal/Restricted/Highly Restricted

Page 12: Rapidly Deploy Budgeting and Forecasting with Oracle and Perficient

Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |

6 people?

25 people?

How Many People In Your Organization Are Involved in Planning and Budgeting?

EVERY MANAGER IN THE

ORGANIZATION!

Page 13: Rapidly Deploy Budgeting and Forecasting with Oracle and Perficient

Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |

It’s Efficiency that Counts.

Do More Inputs Result In More Accurate Forecasts?

TIME60 days to create forecast

QUALITY80% data collection

3%annual

revenue

Source: Hackett Group, Financial Executives International,

Buttonwood Group

Page 14: Rapidly Deploy Budgeting and Forecasting with Oracle and Perficient

Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |

of surveyed companies currently use

or will consider deploying EPM in the

cloud over the next year.

Finance sees the benefits of Cloud

Cloud Can Help

> 75%

Source: Oracle 2014 Top Trends Research

Page 15: Rapidly Deploy Budgeting and Forecasting with Oracle and Perficient

Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |

Finance Sees the Benefits of Cloud

Source: Oracle 2014 Top Trends Research

Page 16: Rapidly Deploy Budgeting and Forecasting with Oracle and Perficient

Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |

The Oracle Advantage: Flexibility & Simplicity

ManagedBuild Subscribe

Private Cloud

Customer owns

license

Provider owns

infrastructure

Provider manages

Provider owns

infrastructure

Customer

manages

Customer owns

infrastructure

Page 17: Rapidly Deploy Budgeting and Forecasting with Oracle and Perficient

Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |

Oracle Cloud

Oracle Planning and Budgeting Cloud Service

Infrastructure as a Service

Platform as a Service

Software as a ServiceSecure

PersonalizedConnected

Part of Oracle Cloud

Page 18: Rapidly Deploy Budgeting and Forecasting with Oracle and Perficient

Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |

Oracle Planning and Budgeting Cloud Service

World Class Planning with the Simplicity of the Cloud

First-in-Class

FunctionalityFlexible

Deployment

Fast

Adoption

Page 19: Rapidly Deploy Budgeting and Forecasting with Oracle and Perficient

Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |

Oracle Planning and Budgeting Cloud Service

• Core planning and budgeting functionality

• Web and Excel access

• Built-in multidimensional reporting managed by the planning application

• Built-in data integration

• 2 environments with each subscription: Production and pre-production

Page 20: Rapidly Deploy Budgeting and Forecasting with Oracle and Perficient

Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |

Optimized for the Cloud

1. Application diagnostics with governors

2. Automated scaling based on user demand

3. Scheduled daily maintenance

4. Scheduled patches and version upgrades

5. Automated backup process

6. Excel based admin capabilities

7. Standard 3 plan types plus four reporting

environments

1. Intuitive, easy to use, landing page

2. Best practices for designing an application

3. Training videos and tutorials library included

4. Guided demo application included

5. Detailed task list template covering build,

test, and rollout phases

6. Deep MS Office integration

7. Ability to separate planning and reporting

Administration & MaintenanceAccelerate Adoption

Page 21: Rapidly Deploy Budgeting and Forecasting with Oracle and Perficient

Oracle PBCS – Key Features & Benefits

Page 22: Rapidly Deploy Budgeting and Forecasting with Oracle and Perficient

Oracle PBCS

Features & Benefits

• Best-in-class solution for financial

planning, forecasting and reporting

– Replaces spreadsheets

– Standardized allocations &

calculations

– Managed by Finance

• No upfront hardware or software cost

• Capital expense to operating expense

• Focus on business, not hardware

• Microsoft Office integration

• Scalable with changing business needs

• Powerful Essbase database engine

• Flexible deployment options

• Enterprise application as Cloud service

• ~ 3,800 Planning customers

Page 23: Rapidly Deploy Budgeting and Forecasting with Oracle and Perficient

Oracle PBCS

Implementation Perspective

• Implement Planning in weeks vs. months

• No waiting on IT or hardware

• No new tasks for IT

• Visual creation of hierarchies

• Real time collaboration

• Simplified data & metadata transfers to Cloud

• Model business drivers & rules

• Oracle support network

• Cloud components add value

• Backup and recovery

• Rapid deployment approach

• Build foundation, then grow in phases

Page 24: Rapidly Deploy Budgeting and Forecasting with Oracle and Perficient

Perficient’s Fast Forward for Hyperion Planning

Page 25: Rapidly Deploy Budgeting and Forecasting with Oracle and Perficient

Perficient Fast Forward

Overview

• Phase-1 Hyperion Planning

implementation

• High value, reduced cost

• Quick implementation

• Fixed fee

• Defined scope

• Rapid deployment methodology

• Multiple deployment options

including onsite & PBCS

• Pre-designed components based

on best practices

• Net new and existing clients

FAST FORWARD

FOR HYPERION PLANNING

DIMENSIONS

WEB FORMS & SMART VIEW

REPORTS

BUSINESS RULES & CALCULATIONS

DATA & METADATA

SECURITY

CUSTOMIZATION

Page 26: Rapidly Deploy Budgeting and Forecasting with Oracle and Perficient

Perficient Fast Forward

26

DimensionsStandard dimensions: Year, Period, Scenario,

Version, Entity, Account

Web Forms & Smart View Reports Planning web forms and Smart View reports

Business Rules & CalculationsRules to calculate and aggregate database

Data & MetadataProcesses to load data and build hierarchies

SecurityUsers and groups for Hyperion Planning

DocumentationApplication guides and project documents

Customization & Fine TuningBlock of consulting hours for customizations (i.e.

adding dimensions, web forms, reports,

calculations)

FAST FORWARD

FOR HYPERION PLANNING

DIMENSIONS

WEB FORMS & SMART VIEW

REPORTS

BUSINESS RULES & CALCULATIONS

DATA & METADATA

SECURITY

CUSTOMIZATION

Page 27: Rapidly Deploy Budgeting and Forecasting with Oracle and Perficient

SSA Marine and PBCS

Gordon Hofman

VP – Finance

SSA Marine

Page 28: Rapidly Deploy Budgeting and Forecasting with Oracle and Perficient

Company Overview

Panama

Chile

Colombia

Mexico

United States

New Zealand Vietnam

Canada

South Africa

Alaska

Locations

Company Details:

• Operations in 9 countries

• More than 150 companies

• Over 200 operating

locations

• ~50 joint ventures

• 5 business segments

• Privately held

• 10 day close for month end

• 80 day close for year end

• Annual forecasting

• Proprietary ERP

Page 29: Rapidly Deploy Budgeting and Forecasting with Oracle and Perficient

Old Reporting and Forecasting

• All reporting & forecasting done in

Excel

• Monthly reporting package for

parent company over 100 pages

• Many additional reporting

packages produced on a monthly

basis

• Budgeting and forecasting model

over 200mb

• Model built for only one business

segment

Page 30: Rapidly Deploy Budgeting and Forecasting with Oracle and Perficient

Challenges

• Complex organizational structure

• Multiple reporting structures

• Many unique operations

• Limited internal resources

• Minimal support from C-suite

Page 31: Rapidly Deploy Budgeting and Forecasting with Oracle and Perficient

Why PBCS?

• Alleviates the need to have large amounts of data in one file

• Allows for multiple organizational structures with easy transition

between the structures

• Easy to build multiple formats for forecasting

• No significant reliance on internal IT support

• Very scalable

Page 32: Rapidly Deploy Budgeting and Forecasting with Oracle and Perficient

The Results (So Far)

• Foundation for planning 95% built

• Multiple reporting structures created

• Historical data loaded from multiple sources

• Complex calculation required for bank reporting created

• Statement of Cash Flows generated from historical data and user inputs in test phase

• PBCS is much faster than prior third party hosting

• Oracle and Perficient have been very responsive in addressing issues as they arise

Page 33: Rapidly Deploy Budgeting and Forecasting with Oracle and Perficient

Please submit your questions into the chat box.

We will get to as many as possible, time permitting.

Page 34: Rapidly Deploy Budgeting and Forecasting with Oracle and Perficient

Thank you for your participation today.

Please fill out the survey at the close of this session.


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