UGF9927_Seran-11 1 2 3 Financial Close New Features and ...

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10 Νοε 2013 (πριν από 3 χρόνια και 8 μήνες)

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EPM Symposium

W
hat is New in Financial Close Suite 11.1.2.3

Alexandre Seran

Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.


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



Agenda

Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.

ADI Strategies

2012
Specialized Partner Award


Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.

Finance Transformation

Health Checks

EPM & BI Roadmap
Development

COE / PMO / Compliance

Planning

Solution
Architecture

Financial

Consolidation

Management
Reporting

Profitability
Analytics

Financial
Close

Master Data
Management

ETL

Business
Intelligence

Infrastructure

Knowledge Transfer, Training


and Change Management

Maintenance Support

Implementation Services

ADI Strategies


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


Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.

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


Principal

at ADI Strategies

12 years
experience with management and
technology consulting

Lead

multiple large
-
scale finance and enterprise
performance management transformations

Trusted advisor

to C
-
Level Executives to drive
growth and
shareholder value

Native Parisian
with a hint of Lebanese
seasoned with the influence of global flavors

Married, 2 boys

Client

References

Alexandre Seran

ADI Strategies


Financial
Consolidation Practice Lead

Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.


Introductions



The Financial Close Suite Overview



Why
U
pgrade to The Close Suite in 11.1.2.3



What is New in the Financial Close Suite



Project Considerations



Q&A



Agenda

Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.

Financial

Consolidation

Data Gathering &

Assurance

SEC
Filing

Financial
&

Mgmt
.
Reporting

ERP

Tax

Filing

Process Management

Finance
Dashboard

Tax Calculations

Record to Report

Governance, Risk &
Compliance

Account

Reconciliations

Master Data Management

The Financial Close Suite Overview

World
C
lass Record to Report Process

Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.

Financial

Consolidation

Data Gathering &

Assurance

SEC
Filing

Financial
&

Mgmt
.
Reporting

ERP

Tax

Filing

Process Management

Finance
Dashboard

Tax Calculations

Record to Report

Governance, Risk &
Compliance

Account

Reconciliations

Master Data Management

The Financial Close Suite Overview

Oracle’s EPM offering and solutions

HFM

FDMEE

Disclosure

Management

HFR

Smartview

ERP

Financial Close Management

OFMA / OBIEE

HTP

Governance, Risk &
Compliance

ARM

DRM / EPMA

Copyright © 2013, ADI Strategies.

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pr
ior written approval from ADI Strategies.

Oracle Enterprise Performance Management

Financial Close Suite

Record to Report

The Financial Close Suite Overview

Oracle’s EPM offering and solutions

ERP

Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.


Introductions



The Financial Close Suite Overview



Why
U
pgrade to The Close Suite in 11.1.2.3



What is New in the Financial Close Suite



Project Considerations



Q&A



Agenda

Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.


Oracle Support Life cycle



IT Policies and ITIL principles



OS and RDBMS Support



IE and Microsoft Office Support



Integration with Other System



Fix Bugs!

IT Driven


Improved compliance and regulatory
capabilities (SOX, BASEL II, FERC…)



Implement additional EPM modules



Leverage the new functionalities of the
tool to improve productivity



Enhance application design

Finance Driven

Why
U
pgrade 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?

Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.

From Products to Solution

Single Version of the Truth

Purpose build solutions

Native supported capabilities

Tighter Integration

Common Workflow

Inherited Compliance

Aligned
Objectives

Accurate
Forecasts

Accountable
Enterprise

Confident
Close

Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.


Introductions



The Financial Close Suite Overview



Why
U
pgrade to The Close Suite in 11.1.2.3



What is New in the Financial Close Suite



Project Considerations



Q&A



Agenda

Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.

Financial
Management


T
he
Financial Close
Suite

What is
New
in
11.1.2.3?

Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.

HFM 11.1.2.3 New Features

11.1.2.1

Better performance and improved stability
with the Full 64 Bit capabilities

Copy Application Utility Support for EPMA
Applications

Extended Analytics Enhancements including
extract flat files without headers

Web UI Changes

Smart View:


Smart Slices in Financial Management,


Cascading of reports,


Financial Management Task Lists in Excel
and Outlook.

Integration with Financial Close Management

Integration with Disclosure Management

Integration with Oracle Governance Risk and
Compliance (GRC)

11.1.2.2

Configurable Dimensionality

Financial Management Application Upgrade
Utility Enhancements


User Interface Enhancements

Financial Management Utilities are now
consolidated into one directory called Utilities,
under the Financial Management installation
location

Enhanced Cell Text with multiple cell text
entries and create cell text labels


Extended Analytics is now part of the
Extract Data process.

Integration with the Oracle User Productivity
Kit

11.1.2.3


Application Type: Consolidation / Tax
Provisioning

Data Form and Grids Enhancements:


Setting Dimension display Options


Dynamic POV Member Lists


On
-
Demand Rules


Lifecycle Management


Application Base Level Data


Application Module Configuration


Modified By and Modified Date properties

Metadata Load Auditing

Module Configuration (Journals,
Intercompany…)

Task and Data Auditing are specific roles

Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.

What is New in HFM 11.1.2.3

HFM Functional Enhancements and UI Revamp

Functional Enhancement


Configurable Dimensionality
and POV management



Journal Enhancements



Process Control and
Ownership Management



LCM Process



Administration improvements



Application Module
Config
.

UI Revamp


ADF Based UI



New Web Doc Authoring



Save POV settings



Execute On
-
Demand rules



Support Dynamic POV
member list



Display Selectable POV
members as Favorites

Copyright © 2013, ADI Strategies.

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pr
ior written approval from ADI Strategies.

Simpler, More Automated and Compliant

POV Enhancement


Show dimension label or description in POV bar


POV settings persists across modules


Member selector settings persists across modules


Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.

Simpler,
More Automated
and
Compliant

More Functional
E
nhancements


Ability to disable modules for entire application

Application Module Configuration


Provide audit log for metadata difference after
load


Expand UDA fields from 80 to 256 characters

Metadata


Support On
-
Demand Rules


New
HS.OpenCellTextUnit

and
HS.OpenCellTextUnitSorted

functions for cell text
retrieval

Rules


Support additional artifacts (application, data,
audit, process management, EA templates)


Include last modified date and user to artifacts

LCM

Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.

Simpler, More Automated and Compliant

Compliance and Audit
L
ogs

Security Admin UI


ADF UI implementation for Security user access

Task and Data Audit


Additional security roles to view Task and Data Audit

Oracle Diagnostic Logging


Support ODL log


Include ECID information (Execution Context ID)

Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.

What is New
in
HFM
11.1.2.3

Windows 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












Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.

What we like the most:

Configurable Dimensionality

HFM now allows for multiple custom dimensions per application

Custom dimensions are defined using Short and Long names

This new capability significantly improves the capabilities of HFM around Management
Reporting and allows for enhanced application designs

Scenario, Year, Period, View

Entity,

Value,

Account, ICP


Custom1 (Business Unit / Department)

Custom2 (Products)

Custom3 (Channel / Customer)

Custom4 (BS Flows, Geography)

Scenario, Year, Period, View

Entity,

Value,

Account, ICP


BS Flows

Business Unit

Department

Products

Channels

Geography

Customer

Audit Trail

Think about:


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却慴p瑯特 慮搠䵡湡来n敮琠剥灯牴楮o⁣潭o湧⁴潧整桥r


Support for compliance and Regulatory Reporting (IFRS, USGAAP, FERC, BASEL II…)


䡆䴠慮搠al慮湩湧n䅬i杮浥gt


Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.

Metadata and Artifacts

Application Base Level Data

Application Module Configuration

Audit Log

What we like the most:

LCM Enhancements

Think about:


Environment Migrations


Soft Backup and Restore


Disaster Recovery

More Finance

&

Less IT

Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.

FDMEE

T
he
Financial Close
Suite

What is
New
in
11.1.2.3?

Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.

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

Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.

Financial Reporting

T
he
Financial Close
Suite

What is
New
in
11.1.2.3?

Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.

What is New
in Financial Reporting 11.1.2.3

Mobile 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

Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.

Disclosure Management

T
he
Financial Close
Suite

What is
New
in
11.1.2.3?

Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.

What is New
in Disclosure Mgmt. 11.1.2.3


EDGAR
-
ready HTML format creation


Use Disclosure Management to generate your XBRL and
EDGAR documents in
-
house.


Control the whole disclosure process

Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.

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





Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.

Financial Close Management

T
he
Financial Close
Suite

What is
New
in
11.1.2.3?

Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.

What is New
in
Financial Close Mgr. 11.1.2.3

More Control and Visibility

Semi Automated Tasks


Task owners can now delay the execution of
automated tasks.


Actual Time to Complete


Task attribute


The actual column name is

Duration Actual



Available for display in the Task List, Gantt View,
and BI Dashboards

Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.

Account Reconciliation

Manager

T
he
Financial Close
Suite

What is
New
in
11.1.2.3?

Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.

What is New
in
ARM 11.1.2.3

Net Activity Attribute from Prior Reconciliation

Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.

What is New
in
ARM 11.1.2.3

Net Activity Attribute from Prior Reconciliation

Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.

What is New
in
ARM 11.1.2.3

Scheduling 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

Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.

What is New
in
ARM 11.1.2.3

Extension to Auto Reconciliation



7

Methods

(
2

existing,

5

New)


Account

Analysis



Balance is zero


Balance is zero and no activity


No activity**


Balance is within
range**


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

Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.

What is New
in
ARM 11.1.2.3

Advanced 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


Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.

What is New
in
ARM 11.1.2.3

Summary Reconciliations

Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.

Financial Management Analytics

T
he
Financial Close
Suite

What is
New
in
11.1.2.3?

Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.

What is New
in
OFMA 11.1.2.3

ARM Analytics

FDM Analytics

Improved Usability
\
Visualizations

Configuration utility improvements


Multi Product support (FCM, HFM, FDM)


Enhanced search and member function capabilities

Support for the new Oracle BI mobile HD
iPad

client

Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.

T
he
Financial Close
Suite

What is
New
in
11.1.2.3?

ERP

HFM

FDMEE

Disclosure

Management

HFR

Financial Close Management

OFMA / OBIEE

HTP

Governance, Risk &
Compliance

ARM

DRM / EPMA

Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.

Hyperion Tax Provisioning

T
he
Financial Close
Suite

What is
New
in
11.1.2.3?

Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.

What is New
in
HTP 11.1.2.3

Key Features

A tax provision for US GAAP, IFRS, and statutory tax reporting

Integrated workflow for global data collection

A tax provision solution that is based on the same HFM technology

Automation of tax differences

Tax reports for the consolidated tax provision
-

including the tax disclosure

Reconciliation of the tax accounts to the accounting data

Powerful reporting tools to support analysis and tax planning in a single solution

Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.

What is New
in
HTP 11.1.2.3

HTP V2

Interim Provision (FIN 18)

Risk Provisions (FIN 48)

Tax Automation

State Return to Accrual

Tax Losses/Credits



Deferred Tax Override Rates

Valid Accounts (Active/Inactive)

Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.


Introductions



The Financial Close Suite Overview



Why
U
pgrade to The Close Suite in 11.1.2.3



What is New in the Financial Close Suite



Project Considerations



Q&A



Agenda

Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.

Upgrade Approach

There are multiple approaches to plan
for an HFM version
upgrade:


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


Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.

General
Project Considerations


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

Hardware


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

Software


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

Collaboration


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

Involvment

Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.


Introductions



The Financial Close Suite Overview



Why
U
pgrade to The Close Suite in 11.1.2.3



What is New in the Financial Close Suite



Project Considerations



Q&A



Agenda

Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.

Copyright © 2013, ADI Strategies.

No part of this document may be circulated, quoted, or reproduced for distribution outside of the client organization without

pr
ior written approval from ADI Strategies.