Finit - Breaking Through the Cloud: An Overview of Oracle EPM Cloud
- 1. Oracle EPM Cloud Overview February 9, 2018 Geordan Drummond
- 2. Finit Overview • 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 • 40+ OneStream Clients (Market Leader) • #1 Implementer of OneStream • Platinum Partner • 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
- 3. The Finit Family 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
- 4. 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+)
- 6. Questions
- 7. Upcoming Cloud Webinars • 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
- 8. About the Presenter Geordan Drummond (gdrummond@finit.com) Experience • Oracle Certified Implementation Specialist – FCCS • Oracle Cloud Certified Specialist – EPRCS • Oracle Cloud Certified Specialist – PBCS • 9 years experience as a Financial Close Product Manager • 8 years experience as Financial Systems Analyst Certification/Education Master of Business Administration – Temple University Bachelor of Business Administration – University of Notre Dame Professional Summary Geordan is based in Philadelphia, PA and has worked in all facets of the software industry for over 20 years. He has hands-on experience with all the close-related Oracle products, both cloud and on premises. Geordan has also worked with the Oracle Product Management team on enhancements and new product functionality.
- 9. Why go to the Cloud? • No infrastructure to maintain • Infrastructure can be scaled as needed by the vendor • Fewer versions for vendor to support – bug fixes applied to everyone • Immediate application of updates means more immediate feedback and therefore more rapid development • Pervasive access for end users – via public cloud • Vendors are making additional product enhancements primarily in the cloud going forward • Cloud computing has been the direction for both consumer and business software for the past few years and the foreseeable future
- 10. 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
- 11. Common Cloud Elements • All services use the same UI and service status / information • All services use the same process for authentication (OID / MSAD) • Each service comes with a Test and Production pod (instance) which are updated 1st and 3rd Fridays of the month • LCM snapshots used for migration between environments in all products • EPM Automate available for all products with unique commands for each • Same version of Smart View for on-prem works with most of the EPM cloud products • Storage is typically 150GB but additional space can be purchased
- 13. Common application core - PBCS • PBCS is the platform for several of these products: • EPBCS • FCCS • TRCS • These 3 products are purpose built PBCS apps with unique business processes and content and allow for 1 app / instance • Although products are licensed separately for each instance, the starting screen is the same across all 3
- 14. Common PBCS Platform Elements • Dimension management • Smart View admin extension • Forms • Rules (Calc Manager – Essbase syntax) • Web Financial Reporting • Dashboards • Data Management (“FDMEE light”)
- 15. Support for the Entire Planning and Budgeting Process Plan Monitor Analyze Report EPRCS – Reports & Books EPBCS – Strat Mod PBCS EPBCS – Workforce EPBCS – Capex EPBCS – Financials EPBCS – Projects EPBCS/PBCS - Financial Reporting / Smart View
- 16. PBCS –Planning & Budgeting • Main Components • Planning & Budgeting • Data Management • Financial Reporting • Features and Use Cases • Generally equivalent to Planning on premises • Can migrate applications from ground to cloud with some minor modifications • No Out Of The Box modules like EPBCS • Subscription on a per user/per month basis
- 17. EPBCS – Enterprise Planning & Budgeting • Main Components • Planning Modules with out of the box content (built on PBCS platform) • Capital Assets • Workforce • Projects • Financial Statements • Strategic Modeling • Data Management • Financial Reporting • Subscription on a per user/per month basis
- 18. OAC – Oracle Analytic Cloud • Main Components • Essbase – PaaS offering • Business Intelligence (BICS) • Data Visualization • Features and Use Cases • Multi-dimensional analysis • Management Reporting (via EPRCS) is reporting tool • Subscription options: • Standard, Data Lake, and Enterprise • Per OCPU or Metered (per hour)
- 19. PCMCS – Profitability and Cost Management • Main Components • Model builder and allocation engine • Data Management • Financial Reporting • Features and Use Cases • Product, Customer, and Market Profitability • Management Allocations • Shared Services Costing and Chargebacks • Operational Transfer Pricing • Subscription on a per user/per month basis
- 20. Support for the Entire Close Process SL/GL Close Consolidation Internal Reporting External Reporting EPRCS – Disc Mgmt TRCS ARCS FCCS – Close Mgmt FCCS – Consol FCCS – SDM EPRCS – Rptg Pkg FCCS – Data Mgmt Oracle Financials Cloud
- 21. FCCS – Financial Consolidation and Close • Main Components • Consolidation with out of the box content (built on PBCS platform) • Close Management – workflow • Supplemental Data – lower level detail • Data Management • Financial Reporting • Features and Use Cases • Consolidated financial statements • Close Management/Supplemental data features can be purchased separately • Subscription on a per user/per month basis
- 22. ARCS – Account Reconciliation • Features and Use Cases • Reconciliation Compliance • Balance matching between ledger and sub-ledger • Documentation of account balances • Variance reporting • Workflow • Transaction Matching • Intercompany transaction matching • Bank reconciliations • Point-Of-Sale reconciliations • Data Management • Subledger, ledger, or consolidation loads • Loads are a “pull” instead of a “push” • Subscription options: • Compliance features on a per user/per month basis • Transaction Matching option is flat amount per month
- 23. TRCS – Tax Reporting • Main Components • Tax Provisioning with out of the box content (built on PBCS platform) • Close Management • Supplemental Data • Data Management • Financial Reporting • Features and Use Cases • Tax Provision generation • Tax Reporting process management • Supplemental Tax data gathering • Country-by-Country reporting (in conjunction with EPRCS) • Transfer Pricing tax impacts (in conjunction with PCMCS) • Subscription on a per user/per month basis
- 24. EPRCS – Enterprise Performance Reporting • Main Components • Reporting Packages (workflow for MS Word / PPT) • Management Reporting (successor to FR) • Disclosure Management (XBRL) • Application (limited version of Essbase) • Features and Use Cases • Any repetitive narrative reporting requiring workflow • Word • SEC filings (10-K, 10-Q) • Management Reporting • Country-by-Country reporting (CbC) • Power Point • Board Books • Budget Books • PDF option coming soon • Subscription options: • Main features on a per user/per month basis • Disclosure Management option is flat amount per month
- 25. EDMCS – Enterprise Data Management • Features • Workflow for change control process (Collate > Curate > Conform > Consume) • Import master data from applications using adapters • Author and validate changes master data • Compare alternate hierarchies • Export master data changes • Detailed auditing of changes • Use Cases • EPM/GL master data management • COA redesigns • Acquisitions • Subscription on a per record/per month basis
- 26. Working Together • Although services are separate instances, they do interact in a number of ways • Cross-Pod Integration: • Navigation between services allows for a “Workspace” like experience where you can quickly access your other pods • Springboard mash-ups allow cards for apps or objects to be embedded in other services • UI mash-ups allow content from other services to be displayed in vertical or horizontal tabs • The Close Management feature in FCCS can automate tasks in other products as well, including on-premises EPM and ERP • Data Integration via Data Management
- 27. Questions?
- 28. Thank you for Attending! Today’s Presenters: Geordan Drummond gdrummond@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
- 29. Resources Product Overviews https://cloud.oracle.com/en_US/epm-cloud Release Readiness (Read Me’s): https://cloud.oracle.com/en_US/saas/readiness?offering=account-reconciliation Documentation: https://docs.oracle.com/en/cloud/saas/index.html YouTube Videos: https://www.youtube.com/channel/UCT0Y4dU-u-ZedfVqVDeVBpw