Finit solutions getting the most out of planning - understanding the basics
- 2. www.finitsolutions.com ‐ 2 ‐ Efficiently Delivering Effective Solutions Finit Introduction Finit Solutions specializes in consulting services in the Oracle Hyperion Enterprise Performance Management Solutions suite of products: Financial Consolidation and Reporting – Financial Management (HFM) – Hyperion Enterprise – BI+ Reporting Tools Data Integration – Financial Data Quality Management (FDM) – Oracle Data Integrator (ODI) – Data Integration Management (DIM) Planning and Business Intelligence – Planning – Essbase Financial Consolidation and Reporting Data Integration Planning and Business Intelligence
- 3. www.finitsolutions.com ‐ 3 ‐ Efficiently Delivering Effective Solutions Finit’s Hyperion Planning Expertise •Finit approaches Planning implementations from the perspective of developing best‐in‐class budgeting / forecasting processes. •Finit's certified Planning consultants differentiate themselves by combining advanced product knowledge with best practice budget and forecast expertise. •Finit specializes in ‘finance‐owned’ Planning implementations, in which we improve / streamline the budget and forecast process as part of the Planning implementation. •Some of Finit’s Planning services include: ‐ New implementations of Hyperion Planning ‐ Hyperion Planning application reviews Revenue and Cost of Sales Planning ‐ Redesigns of existing Planning applications to SG&A / Departmental Planning provide enhanced functionality Capital Spending Planning ‐ Conversions from other Planning or Budgeting Workforce Planning (Salary, Headcount, Benefits) systems to Hyperion Planning
- 4. www.finitsolutions.com ‐ 4 ‐ Efficiently Delivering Effective Solutions Finit’s Client Service We take client service very seriously. Our methodology of efficiently developing effective solutions and exceeding expectations on every project has resulted in a 100% client satisfaction rate at more than 100 clients.
- 5. ‐ 5 ‐ The Finit Solutions Series Some Finit Clients •
- 6. www.finitsolutions.com ‐ 6 ‐ Efficiently Delivering Effective Solutions How to ask a webinar question
- 7. www.finitsolutions.com ‐ 7 ‐ Efficiently Delivering Effective Solutions Webinar Agenda • Hyperion Planning & Workspace overview • Hyperion Planning application dimensions • Hyperion Planning functionality: – Web based data forms – Entering, spreading & adjusting data – Drivers & calculations – Task lists • Process management & promotion • Hyperion Planning & Reporting – Hyperion Financial Reports – SmartView
- 8. www.finitsolutions.com ‐ 8 ‐ Efficiently Delivering Effective Solutions Where Hyperion Planning fits Enterprise Planning Oracle Hyperion Planning Oracle Integrated Operational Planning Hyperion Strategic Finance
- 9. www.finitsolutions.com ‐ 9 ‐ Efficiently Delivering Effective Solutions Planning beyond the finance group Hyperion Strategic Finance – a powerful tool for senior finance managers, enabling them to analyze the effects of changing economic circumstances on your company’s business performance. This solution goes beyond budgeting and short-term operational planning to address the more-complex modeling challenges inherent in strategic planning. Oracle Hyperion Planning synchronizes your financial and operational planning processes in your organization by connecting planning activities throughout the supply chain. By expanding financial planning into operational & strategic planning, you can attain more-accurate forecasts, and consequently, better adapt to market changes. Oracle Integrated Operational Planning – a solution that links financial plans and metrics to operational plans from manufacturing, sales, and marketing to create an integrated business planning framework that enables fact-based decision making. It addresses high-value planning processes - such as integrated revenue and margin planning, and cost of goods sold modeling - typically managed with offline spreadsheets today.
- 10. www.finitsolutions.com ‐ 10 ‐ Efficiently Delivering Effective Solutions Hyperion Workspace • Web based interface for viewing and interacting with content created using Hyperion’s Financial & Reporting applications • Workspace links to both Hyperion Financial Management (HFM) and Hyperion Planning • Single log on for all applications within Workspace; accessed with same ID used to log onto the Corporate network
- 11. www.finitsolutions.com ‐ 11 ‐ Efficiently Delivering Effective Solutions Hyperion Planning Overview • Supports complex business rules for standard calculations across the company • Multidimensional data structure supporting many different views of similar data. • Used to drive collaborative, web based operational planning processes throughout the organization. • Supports iterative Planning cycles • Tracks activity throughout the cycle: who has submitted, who is running behind, and who is late.
- 12. www.finitsolutions.com ‐ 12 ‐ Efficiently Delivering Effective Solutions Hyperion Planning ‐ Predefined Solutions • Oracle Hyperion Workforce Planning - this module lets you easily & efficiently plan for head count, salary, and compensation across the enterprise. By automatically connecting with your workforce data, it helps you assess the business impact of your workforce decisions in real time. • Oracle Hyperion Capital Asset Planning - this module provides you the ability to plan for existing and new capital additions, deletions, transfer along with maintenance and depreciation while analyzing their impact on income, balance sheet, and cash flow. To enable quick implementations, Hyperion Planning offers two modules that provide predefined solutions for the following pieces of an organization’s planning needs
- 13. www.finitsolutions.com ‐ 13 ‐ Efficiently Delivering Effective Solutions Microsoft Office Integration Additionally, you can directly integrate data from the Planning database into PowerPoint and Word. Highly customized reports can be created with accurate information and automatically refreshed when the underlying data changes. The end result: reduced manual intervention, improved data integrity, and increased reporting accuracy. Oracle Hyperion Planning allows you to leverage existing user competencies and interact with plans using familiar Microsoft Office tools such as Excel, PowerPoint, and Word Planning lets you take your plans offline, and at your own convenience, change assumptions, perform calculations, analyze results, and connect back to the central database to synchronize your updates.
- 14. www.finitsolutions.com ‐ 14 ‐ Efficiently Delivering Effective Solutions • 6 required Planning dimensions o Period (Oct, Nov, Dec, Q1…..) o Years (FY09, FY10…..) o Scenario (Actual, Budget, Forecast) o Version (Working, Final…..) o Account (Cash, Sales, Inventory, Benefits…..) o Entity (Atlanta, Philadelphia, Boston..…) • 2 additional dimensions (if multicurrency) o Currency (USD, EUR, GBP…..) o HSP rates (FX rates) • 14 custom dimensions o 14 of Planning’s 20 available dimensions can be defined by the user. Examples of custom dimensions include product, customer or strategy. Hyperion Planning Dimensions
- 15. www.finitsolutions.com ‐ 15 ‐ Efficiently Delivering Effective Solutions Differences between Planning and Excel • Web based, centralized data forms. o Accessed via IE Explorer o Accessed via SmartView in Microsoft Excel • Spreading functionality. • Drivers o Global entered o Individually entered • Task lists. • Process Management.
- 16. www.finitsolutions.com ‐ 16 ‐ Efficiently Delivering Effective Solutions Hyperion Planning data forms • Spreadsheet–like grids with columns and rows for entering projected data • Forms are assigned to users via task lists • Can be accessed through SmartView • Secured by Hyperion Planning security; ensuring that the correct user enters projected data for the appropriate department
- 17. www.finitsolutions.com ‐ 17 ‐ Efficiently Delivering Effective Solutions Excel budget cycle process
- 18. www.finitsolutions.com ‐ 18 ‐ Efficiently Delivering Effective Solutions Entering data in planning forms • Hyperion Planning data may be entered into base periods or summary periods. • If data is entered in base periods, Planning will accumulate the data to the summary periods; if entered into summary periods, Planning will distribute (spread) the data to the summary periods. • Planning can be set to spread the summary data evenly to the base periods, or spread the summary values based on a calendar’s weekly distribution in a quarter, such as 4‐4‐5, 5‐4‐4, or 4‐5‐4. • This spreading functionality is available whether the form is access through the web interface or through SmartView.
- 19. www.finitsolutions.com ‐ 19 ‐ Efficiently Delivering Effective Solutions Hyperion Planning Drivers o Salary expense merit increase o Bonus expense o Commissions o Fringe benefits • Hyperion Planning uses Drivers to systematically calculate certain items in it’s database. These calculations can be set up to match the need of the organization. • Can be configured to be centrally maintained by corporate or be set up as input items populated by operational personnel. • Can dramatically reduce data input requirements by operational personnel, while assuring consistency data relationships. • Examples of line items that might employ drivers:
- 20. www.finitsolutions.com ‐ 20 ‐ Efficiently Delivering Effective Solutions Hyperion Planning Task Lists • Manages & guides users through the planning process; navigated by a step by step wizard; allowing you to reduce cycle times while ensuring that your plans are complete and reliable. • The tasks within a task list consist of data input, reports for viewing data, and workflow procedures for managing progress of the budget cycle. • Can support many different task lists for various users & groups; instructions can be built into the task list or onto individual tasks to provide additional guidance
- 21. www.finitsolutions.com ‐ 21 ‐ Efficiently Delivering Effective Solutions Hyperion Planning Workflow Oracle Hyperion Planning provides a powerful workflow functionality ‐ including email notifications & alerts ‐ that allows users and administrators to track and communicate the progress of plans and budgets. This enables an organization to identify bottlenecks in the process, in addition to ensuring plan participation at various levels within the company from line manager all the way up to the executive level.
- 22. www.finitsolutions.com ‐ 22 ‐ Efficiently Delivering Effective Solutions Hyperion Planning Process Unit Entity (e.g. New York) Version (e.g. Working) Scenario (e.g. Budget) Hyperion Planning Process Unit
- 23. www.finitsolutions.com ‐ 23 ‐ Efficiently Delivering Effective Solutions Planning Units & Process Status Not Started First Pass Under Review Not signed off Approved Signed Off Promote Sign off Reject Approve Start
- 24. www.finitsolutions.com ‐ 24 ‐ Efficiently Delivering Effective Solutions Hyperion Planning Reporting Options Hyperion SmartView Excel Add In AdHoc queries Formula driven grids Hyperion Financial Reporting Studio Reports HTML output PDF output
- 25. www.finitsolutions.com ‐ 25 ‐ Efficiently Delivering Effective Solutions Questions & Answers
- 26. www.finitsolutions.com ‐ 26 ‐ Efficiently Delivering Effective Solutions Upcoming Webinars Getting the Most out of HFM and FDM: Upgrading to the Fusion Edition On March 17, you will learn about significant enhancements in HFM and FDM Fusion Edition that will greatly improve your organization’s ability to perform tightly integrated and controlled consolidation, reporting, and analysis in these tools. The webinar will include discussions of: • New HFM features and functionality in Fusion Edition, including Enterprise Performance Management Architect (EPMA) and Calculation Manager • New FDM features and functionality in Fusion Edition, including ERP Integrator for connecting into source ERP systems • Migration options for upgrading existing applications to Fusion Edition • Technical considerations for upgrading to Fusion Edition, including hardware requirements and environment design • Project planning and implementation strategies for migrating to Fusion Edition To register, go to www.finitsolutions.com/Insights_Webcast.html
- 27. www.finitsolutions.com ‐ 27 ‐ Efficiently Delivering Effective Solutions Finit Solutions Contacts Mike Kerkering mkerkering@finitsolutions.com 610.764.9929 Ed DeLise (VP of Sales) edelise@finitsolutions.com 678.296.3611 Additional Questions? Please email us for a copy of the slides or for a link to the recording.