Presentation Transcript

1. EPM SymposiumWhat is New in Financial Close Suite 11.1.2.3

   Alexandre Seran
2. Agenda Introductions The Financial Close Suite Overview Why Upgrade to The Close Suite in 11.1.2.3 What is New in the Financial Close Suite Project Considerations Q&A
3. ADI Strategies 2012 Specialized Partner Award
4. ADI Strategies Finance Transformation Health Checks EPM & BI Roadmap Development Solution Architecture Financial Consolidation Planning Profitability Analytics Financial Close Management Reporting COE / PMO / Compliance Implementation Services ETL Business Intelligence Master Data Management Infrastructure Knowledge Transfer, Training and Change Management Maintenance Support Founded in 2002 Focused on EPM & BI Financial Planning & Accounting credentials History of working with technology and advisory services for 15+ years Global delivery capabilities Oracle Platinum Partner Full stack of solutions and services from Finance Transformation to Maintenance Support Proven program management methodology, tools, templates to accelerate project results
5. Alexandre SeranADI Strategies – Financial Consolidation Practice Lead Functional Expertise Financial Consolidation Strategic Planning IFRS Transitions SOX Industries Media & Advertising Utility & Energy Mgmt Biotechnology High Technology Manufacturing Luxury Goods & Retail EPM Expertise Financial Close Suite Financial Planning Essbase & Analytics DRM Data Governance Client References
6. Agenda Introductions The Financial Close Suite Overview Why Upgrade to The Close Suite in 11.1.2.3 What is New in the Financial Close Suite Project Considerations Q&A
7. The Financial Close Suite OverviewWorld Class Record to Report Process Finance Dashboard Governance, Risk & Compliance Master Data Management Process Management Data Gathering & Assurance Tax Calculations Tax Filing Financial Consolidation ERP Financial &Mgmt. Reporting SEC Filing Account Reconciliations Record to Report
8. The Financial Close Suite OverviewOracle’s EPM offering and solutions Finance Dashboard Governance, Risk & Compliance Master Data Management Process Management Data Gathering & Assurance Tax Calculations Tax Filing Financial Consolidation ERP OFMA / OBIEE Governance, Risk & Compliance DRM / EPMA Financial &Mgmt. Reporting SEC Filing Account Reconciliations Financial Close Management Record to Report FDMEE HTP HFM ERP HFR Smartview Disclosure Management ARM
9. The Financial Close Suite OverviewOracle’s EPM offering and solutions Oracle Enterprise Performance Management Financial Close Suite ERP Record to Report
10. Agenda Introductions The Financial Close Suite Overview Why Upgrade to The Close Suite in 11.1.2.3 What is New in the Financial Close Suite Project Considerations Q&A
11. Why Upgrade to 11.1.2.3 Over the last few years, we have generally seen customers consider HFM version upgrades for… In general, upgrades are perceived by customers as risky so the question is: What does the new version bring? How can you take advantage of your investment without additional risks?
12. From Products to Solution
13. Agenda Introductions The Financial Close Suite Overview Why Upgrade to The Close Suite in 11.1.2.3 What is New in the Financial Close Suite Project Considerations Q&A
14. The Financial Close SuiteWhat is New in 11.1.2.3? Financial Management
15. HFM 11.1.2.3 New Features
16. What is New in HFM 11.1.2.3HFM Functional Enhancements and UI Revamp
17. Simpler, More Automated and CompliantPOV Enhancement Show dimension label or description in POV bar POV settings persists across modules Member selector settings persists across modules
18. Simpler, More Automated and CompliantMore Functional Enhancements
19. Simpler, More Automated and CompliantCompliance and Audit Logs
20. What is New in HFM 11.1.2.3Windows Client Support AFTER 11.1.2.3 Windows client will NOT be supported AFTER 11.1.2.3 Win 32-bit client Profile Manager Metadata Manager 32-bit server platform Com API Web SDK HTTP listener for Extended Analytics Available AFTER 11.1.2.3 Web Profile Manager Web Metadata Manager Extended JAVA API
21. What we like the most:Configurable Dimensionality
22. What we like the most:LCM Enhancements Think about: Environment Migrations Soft Backup and Restore Disaster Recovery More Finance & Less IT
23. The Financial Close SuiteWhat is New in 11.1.2.3? FDMEE
24. What is New in FDMEE 11.1.2.3 Rebranded as FDM, Enterprise Edition FDM and ERP Integrator combined into a single product Built on ERP Integrator 64 Bit platform Windows based FDM still available for existing customers Accessible within Workspace 11.1.2.3 is terminal release of FDM Migration to FDMEE required starting with 11.1.2.4 New customers may only license FDMEE FDM Adapters No change from today
25. The Financial Close SuiteWhat is New in 11.1.2.3? Financial Reporting
26. What is New in Financial Reporting 11.1.2.3Mobile Support Access, view and interact with FR Reports and Books on a mobile device Apple (iPhone and iPad): iOS5 and iOS6 Android (phone or tablet): 3.x and 4.x Authoring or Scheduling is not available Change POV, Prompts, Pages, Expansions, Related Content
27. The Financial Close SuiteWhat is New in 11.1.2.3? Disclosure Management
28. What is New in Disclosure Mgmt. 11.1.2.3 Control the whole disclosure process EDGAR-ready HTML format creation Use Disclosure Management to generate your XBRL and EDGAR documents in-house.
29. What is New in Disclosure Mgmt. 11.1.2.3 Multi-Select Doclet Refresh (or Refresh All) Report Manager progress bars for all edits – refresh, rearrange, add, etc. Variables Manage common text, numbers across your report Automate your Table of Contents Support cross-footing for data accuracy XBRL Mapping Filter
30. The Financial Close SuiteWhat is New in 11.1.2.3? Financial Close Management
31. What is New in Financial Close Mgr. 11.1.2.3More Control and Visibility
32. The Financial Close SuiteWhat is New in 11.1.2.3? Account Reconciliation Manager
33. What is New in ARM 11.1.2.3Net Activity Attribute from Prior Reconciliation
34. What is New in ARM 11.1.2.3Net Activity Attribute from Prior Reconciliation
35. What is New in ARM 11.1.2.3Scheduling Data Load Users can now create and save “Data Load Definitions” Saved Data Load Definitions can be manually run or scheduled using Windows Task Scheduler or from a Command Line User can still run an ad-hoc data load
36. What is New in ARM 11.1.2.3Extension to Auto Reconciliation Balance is within range and no activity** Balance Comparison Balance match (% tolerance) Balance match (# tolerance) ** content from prior reconciliation is copied to the current reconciliation 7 Methods (2 existing, 5 New) Account Analysis Balance is zero Balance is zero and no activity No activity** Balance is within range**
37. What is New in ARM 11.1.2.3Advanced User Assignments Backup Assignments Available when primary assignment is a named user (not a Team or Group) Assignment remains with the Primary User unless that user is “Unavailable” Team/Group Assignments Teams are a new object defined and maintained in ARM Groups are shared services groups Companies can use either or both Reassignment Requests Allows a user to request a workflow assignment to be reassigned to another user Administrators and Power Users can approve reassignment requests
38. What is New in ARM 11.1.2.3Summary Reconciliations
39. The Financial Close SuiteWhat is New in 11.1.2.3? Financial Management Analytics
40. What is New in OFMA 11.1.2.3
41. The Financial Close SuiteWhat is New in 11.1.2.3? OFMA / OBIEE Governance, Risk & Compliance DRM / EPMA Financial Close Management FDMEE HTP HFM ERP HFR Disclosure Management ARM
42. The Financial Close SuiteWhat is New in 11.1.2.3? Hyperion Tax Provisioning
43. What is New in HTP 11.1.2.3Key Features
44. What is New in HTP 11.1.2.3HTP V2
45. Agenda Introductions The Financial Close Suite Overview Why Upgrade to The Close Suite in 11.1.2.3 What is New in the Financial Close Suite Project Considerations Q&A
46. Upgrade Approach Like to Like upgrade No changes in current HFM Design All Metadata, Artifacts and Data are migrated from the source HFM application Application Redesign and Migration Client will undergo an HFM Application redesign to take advantage of the new version capabilities and or adjust some functionalities of the application Metadata, Artifacts and Data needs to be converted from the old application to the new application Historical data needs to be validated Phased Approach A Like to Like Migration will bring the App to the new 11.1.2.3 Version Design Change will be conducted after in the 11.1.2.3 Development Environment There are multiple approaches to plan for an HFM version upgrade:
47. General Project Considerations Hardware Plan your hardware acquisition ahead of the project start In place upgrade is not the best practices Virtual Machines are supported 11.1.2.3 Versions will require more memory, storage and processing power Software Think holistically about EPM Compare your current design to the best practices and consider the rest of the EPM tools such as Planning, HPCM, ARM, Tax Provisioning Explore all the HFM Toolset (ICT, Equity Pickup,…) Data Integration is Key. Think EAL, EPM Data Sync and EA Collaboration Engage all different stakeholders IT Involvement in HFM infrastructure is higher Review the data validation process with the Auditors ahead of the game to prevent surprises Involvment Hands on Engagement Don’t rely fully on Consultants. Your project’s long term success is dependent on your team’s engagement in the toolset
48. Agenda Introductions The Financial Close Suite Overview Why Upgrade to The Close Suite in 11.1.2.3 What is New in the Financial Close Suite Project Considerations Q&A