Finit - State of Oracle EPM
- 1. Oracle EPM Roadmap and Vision Options and Decision-Points January 31, 2018 Cathy Lawton | Joe Mizerk
- 2. About The Presenters • Joe Mizerk • (jmizerk@finit.com) • 7 ½ years at Finit • 23+ years working in Hyperion world • Client, UpStream, Hyperion, Oracle • Former Hyperion Administrator • Covering Southeast and Texas • Cathy Lawton • (clawton@finit.com) • 2 ½ years at Finit • 20 years working in Hyperion and Consulting sales • Covering Northeast and Mid-Atlantic
- 3. Finit Overview • Founded in 2002 • 90+ employees in 20+ states • Mostly CPAs, MBAs • Gold Level Oracle Partner • 300+ Clients – all CPM / EPM Focused • 1,000+ CPM / EPM projects • 150+ HFM projects • Managed largest roll-out of HFM in North America • 175+ FDM projects • World Leader in FDM implementations and custom solutions • 100+ Planning / Essbase projects • 30+ OneStream Clients (Market Leader) • #1 Implementer of OneStream • Platinum Partner
- 4. Empowering the CFO Organization Financial Close & Consolidation • Solutions: External Reporting, Cash Flow, M&A / Divestitures, Financial Controls Financial Planning • Solutions: Budget & Forecasting, Strategic Planning, Driver-Based Planning Profitability and Management Reporting • Solutions: P&L Profitability, Management Reporting, Allocations & KPI’s Integration and Infrastructure • Solutions: Performance Optimization, Data Quality & Automation We craft and deliver process & technology solutions that empower the CFO organization
- 5. Finit Solutions Introduction Fully aligned with our clients, not just bottom line $ No debt or external ownership Work with Finit employees, no subcontractors Compensation based on CLIENT SATISFACTION PRIVATELY OWNED CLIENT SATISFACTION NO SUBCONTRACTORS DEBT FREE
- 6. Finit Customer Success Our values, culture, and approach to becoming a trusted advisor to our customers has led to 100% customer success for every Finit client (300+) and for every Finit project (1,000+)
- 8. Questions
- 9. Upcoming Cloud Webinars • Friday, February 9— Breaking Through the Cloud: Oracle EPM Cloud Overview • Presented by Geordan Drummond • Friday, March 9 – Breaking Through the Cloud: Closing in on Full Parity with Oracle FCCS • Presented by Geordan Drummond • Friday, March 23 – Breaking Through the Cloud: Intro to Planning in the Cloud • Presented by Chuck Usher
- 10. Finit Safe Harbor The following is intended to outline Finit’s understanding of its Software Partners Support and Direction as of January, 2018. This information may change. It is for information purposes only and in no way is a direct communication from Oracle. All discussion points should be confirmed directly with the Software provider before any decisions are made.
- 11. EPM Direction – ‘The Cloud’
- 12. A Whole Lot of Clouds
- 13. Oracle EPM Cloud Current State • It is a Software As A Service (SaaS) model licensed via subscription for traditional applications like Financial Consolidation, Financial Planning, etc: • Organizations pay per application per user. • Each subscription is a separate URL / published application. • It is Platform as a Service (PaaS) model with Essbase through Oracle Analytics Cloud • It is a public cloud model: • Organizations share the same hardware and resources with others • Oracle offers a hosted option (Oracle Managed Cloud) which runs on-prem software hosted by Oracle. • The public cloud model was designed for cost savings: • The SaaS model is designed to reduce the need for infrastructure and managed services. • Organizations have very limited / no ability to modify infrastructure for performance (i.e. add CPU’s, tune servers, etc.). • The Fortune 500 has adopted Oracle EPM Cloud Partially • Fortune 500 clients have adopted Oracle EPM cloud for specific functions • We are not aware of a Fortune 500 client that has moved all EPM and reporting functions (external, management, FP&A) to Oracle EPM Cloud.
- 14. Oracle Cloud EPM Product State Product Available On-Prem Available in Cloud Financial Management HFM FCCS * Financial Planning Planning PBCS / EPBCS Account Reconciliations FCM Suite (ARM, SDM, CM) ARCS Data Integration FDMEE, ODI Data Management Cloud Profitability and Cost Management HPCM PCMCS Tax Provisioning HTP TRCS * Essbase Essbase Oracle Analytics Cloud Data Relationship Management DRM EDMCS (Jan 2018) Data Governance DRG EDMCS (Jan 2018) Strategic Finance HSF EPBCS Narrative Reporting EPRCS * State as of January, 2018* Brand new developed product for cloud
- 15. Oracle EPM On-Prem/Cloud Product Equivalents HFM FCCS EPRCS FCM Suite CM SDM ARM FDMEE Disc Mgmt DRM HP HSF OBIEE ARCS Data Mgmt Data Mgmt TRCS Fin Rptg Fin Rptg Mgmt Rptg Disc Mgmt PBCS / EPBCS OAC EDMCS Data Mgmt PCMCS Fin Rptg Close Mgmt Supp DataData Mgmt Close Mgmt Supp Data BICS HTP Essbase HPCM
- 16. Client Hybrid Deployment HFM (External, Tax and some Management Reporting) Planning (Global Management Reporting) 11.1.2.4 On-Prem* *Hosted by Oracle Managed Cloud PBCS (Budget & Fcst Collection & some Management Reporting) Public Cloud
- 17. EPM On-Prem / Cloud Roadmap Details Is Hyperion Dead?
- 18. Oracle On-Prem Product Roadmap • HFM / FCCS • 11.1.2.4 introduced significant performance improvement on consolidations (50% decrease in consolidation times on average) • Version 11.2 is expected in Q1 / Q2 of 2019 • Each PSU and major release will likely have minor functionality (1 – 3 minor functionality features each) • HFM likely may only lightly change over the next 13 years until 2030 • FCCS to receive ‘full parity’ for large customers in Q1 2018 • HFM to FCCS conversion utility to streamline process is on roadmap, but can be migrated manually today • FDMEE • FDMEE has reached ‘full parity’ with FDM in Finit’s viewpoint with 11.1.2.4. • 11.2 expected to be a minor update
- 19. HFM vs FCCS • Relational database • On premise Application • Pre-built and customer defined dimensions • Calculations use VBScript and are all custom development • No size restrictions • Unlimited Environments • Close/Supplemental data collection requires separate licensing HFM • Essbase + relational (PBCS platform) • Software as a service • Pre-built and customer defined dimensions (including ones commonly built) • Pre-built logic (Consolidation, CTA, Rollforwards, Translation, Overrides, etc.) but can create custom calculations as well • Some size restrictions • Two environments, single app per environment • Close/Supplemental data collection included in product FCCS
- 20. Release Guidance • Planning / PBCS / EPBCS • Major development still is primarily being done in PBCS / EPBCS • Strategic Finance functionality recently added to EPBCS • Release 11.2 is expected to move some current Cloud only features to on-prem • Similar to HFM, minor updates are expected for on-prem Planning going forward (1 – 3 features per PSU). • Open question remains on timing of Oracle moving PBCS / EPBCS features to On-prem Planning. • Essbase • Essbase included in Oracle Analytics Cloud (OAC) released in 2017 • Can purchase per OCPU Hour - Standard, Data Lake, or Enterprise. Also Non-Metered per OCPU • By OCPU hour can add/adjust resources for more CPU –Additional Fees as needed • TBD on development focus for on-prem now that Cloud is released
- 21. Release Guidance • DRM / DRG • DRM 11.2 will likely have medium level changes. Top candidates for inclusion: • Security and Privacy improvements • Scheduled Data Exchange (Import / Export Profiles) • Cloud enablement for Hybrid cloud deployments / FCCS integration • Packaged integrations – DRM with FCCS, ARCS, EPBCS, Financials Cloud • DRG Enhancements (Visualization, mass approvals, auto-request) • DRM continues to be ‘version agnostic’ if not using EPMA. As a result, it can continue to be in a different version. • DRM Cloud (EDMCS) released 1/25/18. Message is ‘For New Customers’ - major redesign to DRM. • Pricing by Records – $1.5k/month per 1k records with 5k min ($90k annually for 5k records)
- 23. EPM Support and Version update • Version 11.1.2.3 Error Correction is through Mar-18 • Current release available is EPM 11.1.2.4 • Oracle has .4 Premier Support through 12/2020 • Extended Support through 12/2021 • Extended support is existing support plus an additional fee • Oracle is saying Version 11.2 to be released Q1 2019 • Premier Support reported through 12/2030 • PSU approach for all new releases • Will be based on FMW-Fusion Middle Ware version 12.2 • Oracle has stated development is focused on Cloud • No guarantee new cloud features will be available on premise
- 24. Oracle Support Documentation • Per Oracle Lifetime Support Policy: • 11.1.2.x on Premier Support through 12/20. But…. • http://www.oracle.com/us/support/library/lifetime- support-applications-069216.pdf
- 25. Oracle Documentation • Oracle Lifetime Support Policy • https://www.oracle.com/support/lifetime-support/index.html • Digging Deeper (Software Error Correction Policy): • https://support.oracle.com/epmos/faces/DocumentDisplay?_afrLoop=3 27624699784242&parent=DOCUMENT&sourceId=1617238.1&id=15906 76.1&_afrWindowMode=0&_adf.ctrl-state=8x8x7wt0d_151#HFM • Paying for Premier Support means you implicitly agree to install all PSUs in a timely manner to get error / bug fixes (in the code and in 3rd party software compatibility). If you run 11.1.2.2 or an earlier version and a problem arises today when calling support the first suggestion will be to upgrade to 11.1.2.4.
- 27. Oracle On-Prem Version Release Date Support End Date 11.1.2.3 April 2013 Mar 2018 for Premier Support 11.1.2.4 March 2016 Dec 2020 for Premier / Dec 2021 for Extended 11.2 Q1 2019 2030 • Premier Support = Error Correction + Some New Development + Oracle Support + 3rd Party Compatibility • Extended Support = Some Error Correction / Development with Oracle Support, no 3rd Party Compatibility (Additional Fee) • Sustaining Support = Oracle Support (No Error Correction, Development, no 3rd Party Compatibility)
- 28. EPM Support & Compatibility
- 29. 3rd Party Compatibility Matrix Third Party Components to Note: • Microsoft: Server 2008 R2 (Jan 2020) / SQL 2008 R2 (July 2019) • Oracle: 11g R2 (Dec 2020) Yes
- 30. Options
- 31. On-Prem Options Option Steps Considerations Stay on Premier Support (2 Upgrades—11.1.2.3 and prior versions) -Upgrade to 11.1.2.4 before Mar 2018 -Upgrade to 11.2 before Dec 2020 -Most costly due to 2 upgrades -Allows time for Stability / Maturity of 11.2 release Perform 1 Upgrade -Patch to latest 11.1.2.3 PSU -Operate on Sustaining support Apr 18 onward -Upgrade to 11.2 in 2019 / 2020 -1 major upgrade and less overall cost -Uncertainty of 11.2 Release date and stability -Potential 3rd party compatibility ‘Squeeze’ Don’t Upgrade / Move to Next Generation -Patch to latest 11.1.2.3 PSU -Operate on Sustaining support Apr 18 onward -Move to Cloud or New Vendor in 18, 19 or 20 -Uses capital into Next Generation vs upgrade -Conversion to Next Generation may cost more overall than upgrade.
- 32. Version / Upgrade Key Steps • Fill out and Submit an Oracle Support Exception Request Form if not on version 11.1.2.4 • Oracle sales rep should be able to help you submit • If enough exceptions are submitted, Oracle may extend 11.1.2.3 error correction to Dec 2020. • Review 3rd party compatibility with IT • Review Audit guidelines with Oracle system support policies • Scope out requirements/options/resources/financials with your services provider • FDM to FDMEE will impact resources and costs on 11.1.2.4 upgrade
- 33. Competitive Landscape Gartner Magic Quadrant June 2017 Ability to Execute Completeness of Vision Finit works with two leading CPM vendors: • Oracle • OneStream Software SAP not in the Quadrant
- 34. Questions?
- 35. Thank you for Attending! Today’s Presenters: Cathy Lawton clawton@finit.com Joe Mizerk jmizerk@finit.com Copy of the slides or Recording: Email us for a copy of the slides or a link to the recording insights@finit.com Past webinars: www.finit.com/webinars Follow us on Twitter for updates: @Finit_Solutions