1 / 10

Blue Coat Systems, Inc. Oracle Enterprise, Planning & Budgeting (EPB) April 8, 2005 Bob Verheecke Chief Financial Of

Blue Coat Systems, Inc. Oracle Enterprise, Planning & Budgeting (EPB) April 8, 2005 Bob Verheecke Chief Financial Officer. Agenda. Blue Coat Systems Overview Current Planning Solution The Search Process Why Oracle EPB? Phase I & Phase II Plans Experience So Far. About Blue Coat Systems.

krista
Download Presentation

Blue Coat Systems, Inc. Oracle Enterprise, Planning & Budgeting (EPB) April 8, 2005 Bob Verheecke Chief Financial Of

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Blue Coat Systems, Inc.Oracle Enterprise, Planning & Budgeting (EPB)April 8, 2005Bob VerheeckeChief Financial Officer

  2. Agenda • Blue Coat Systems Overview • Current Planning Solution • The Search Process • Why Oracle EPB? • Phase I & Phase II Plans • Experience So Far

  3. About Blue Coat Systems • Founded 1996 as CacheFlow • Became Blue Coat (NASDAQ: BCSI) in 2002 • #1 Worldwide leader in proxy appliances (IDC) • Over 20,000 proxy appliances shipped worldwide to more than 3,500 customers • Existing Oracle Applications user • GL, MFG, OA, FA, AP, AR • Planning to implement HR • Headquartered in Sunnyvale, California • 350 employees; $100M annual revenue run rate • Worldwide presence

  4. Current Budgeting/Planning Solution • Prepare quarterly rolling 12 month budgets and monthly forecasts for the current quarter • Current system involved many Excel workbooks and worksheets for data collection • FP&A performs most of the work rather than functional managers who feel little ownership of their numbers • Data from Excel was loaded into MS SQL Server with OLAP extension to aggregate • Provided good slice and dice functionality but limited reporting flexibility • Was home grown and too difficult to maintain • Needed a similar solution but in a packaged and supportable application • More fully engage functional managers in the process to create ownership on their part

  5. The Search Process • September 2004 – Begin the search process to improve the budgeting and actuals review process with a cross-functional team of roughly 10 people • Oct-Dec 2004 - Explored Cognos, Hyperion, OutlookSoft and Oracle through an in depth analysis of functionalities (budgeting, planning, reporting, off-line feature, etc.) and systems requirements • December 2004 – Narrowed search down to Oracle and OutlookSoft. • January 2005 - Selected Oracle EPB and started implementation with the Oracle Consulting Group • Go live in May 2005

  6. Why EPB? • Architecture • Multi-dimensional extension of relational database • No new database technologies to support • Pre-defined data schema • Extensible to future analytic applications • Integration • A member of the Oracle Applications family • Maintenance of key elements in Oracle Financials • Leverage existing structures • Pre-built links to transfer data • Drill through to detail • Leverages Oracle workflow • Ease of Use • Minimal IT support, FP&A manages the application • Fully browser based • Many pre-defined calculations and functions, no programming

  7. Phase I • Operating expenses with our current reporting hierarchy structure • Budgets and forecasts are done in one currency (USD) • Information can be downloaded to an excel spreadsheet but any updates must be done in EPB while connected to the network • Fixed assets data is extracted from Oracle Fixed Assets module for depreciation calculations • Automation and process management of business cycles, periodic forecasts, planning activities, management reporting and analysis by designing a workflow based on the security features • Budgets are prepared at the cost center level for the relevant accounts and aggregated with approvals up the organization • Variance analyses across time, function, account and organization • Month-end, quarter-end, year-end management reporting and analysis

  8. Phase II • Revenue budgeting and forecasting • Multi-currency budgeting and forecasting • Off-line feature – the ability to upload and download budget/forecast information with Microsoft Excel and to work off-line without having to connect to the network • Employee data extracted from Oracle HR • GL link extensions and drill down capability to the transaction detail level in Oracle GL as a patch to Version 2 • Expected new EPB release in summer 2005

  9. Experience So Far • The perfect planning and budgeting application for Oracle Financials users • FP&A and IT organizations attended one week of training on the full product • Front end is better than expected; intuitive, easy to use and full of predefined features • Puts control of the whole process in the hands of FP&A. IT has very little to do after the initial setup • We are working with an early release product and there have been issues, not unexpected • Oracle development and consulting have been extremely responsive in addressing issues • Still expect implementation time to be much less than any other potential solution

More Related