Prisoft Hyperion Capability v1.0
- 1. Prisoft Hyperion Capability Financial Consolidation of 36 entities across 109 countries for Planning and Budget consolidation for
- 2. AGENDA § The Consolidation Process § What is Hyperion Financial Management? § Hyperion Financial Management Solutions § Summary
- 3. CONSOLIDATION AT-A-GLANCE Collect Data Calculate & Adjust Report • Gather from multiple & disparate applications • Store data in a centralized repository • Generate financial statements, managerial reports, and perform ad hoc analysis • Apply FASB and IFRS consolidation rules • Perform currency translation & aggregation
- 4. § What is Financial Consolidation? § Consolidation in financial accounting is a technique that summarizes a group of companies' financial statements into one. This offers the benefit of viewing the whole group's financial information together to see how all companies are doing combined. § Increasingly, global organizations need to integrate data from multiple transactional systems, transition to new international financial reporting standards, and improve their transparency and regulatory compliance procedures. § Companies use a variety of tools (spreadsheets, emails, pivots and queries) to identify and summarize all business unit activity that interacting with other business units. § This can often mean thousands of transactions, all of which must be identified, reconciled and eliminated! § Elimination § Intercompany elimination refers to the process for removal of transactions between companies included in a group in the preparation of consolidated accounts. § Intercompany transactions (sales, services, transfers) must be eliminated in the parent financial statements otherwise a company could be “double-counting” activity. § However, the process involves a lot of reporting and paperwork for intercompany relationships can be quite complicated. § Data must be reviewed, reconciled and approved before process is complete. THE CONSOLIDATION PROCESS
- 5. Percentage of Internal Control Issues* by Major Category 3% 2% 7% 9% 11% 27% 1% 6% 34% Internal Control Issues by Major Category By Sub Type # Documentation Policies/documentation Issues 141 Entity-Level & Anti-Fraud Controls Anti-Fraud Controls 15 Compliance Monitoring 20 Control Environment 151 Financial Statement Close Process & Disclosure Application of GAAP/accounting policies 256 Financial statement close process & consolidation 120 Intercompany accounts/reconciliation 93 Review of significant or unusual transactions 212 IT Controls Change controls 25 Date protection 23 Infrastructure 27 Security/user access 52 Merger Issues Merger/predecessor issues 27 Multilocation Considerations International operations & subsidiaries 59 Other Other 32 Personnel Issues Segregation of duties 76 Staffing issues (levels, expertise, training) 157 Significant Account Level Accounts payable 26 Accounts receivable 30 Accruals/restructuring costs 50 Contracts/loans/third-party transactions 75 Employees’ benefits/pensions 38 Inventory management 55 Property, equipment, leases 83 Revenue & billing 79 Tax issues 112 Total # Internal Control Issues 2,034 * Source: The Ames Research Group (June 30, 2005); analysis by Ernst & Young Center for Business Knowledge Documentation Entity-level & Anti-Fraud Controls Financial Statement Close Process & Disclosure IT Controls Merger Issues Multilocation Considerations Other Personnel Issues Significant Account Level Financial Close & Consolidation Process is Biggest Problem!!
- 6. FOREIGN CURRENCY TRANSLATION § How is Consolidation impacted by various currencies? § Businesses may enter into transactions (sales, payments, etc.) in multiple currencies. Each business unit translates these items to its functional currency at an appropriate exchange rate. § The QBU then prepares periodic reports of its position (balance sheet) and activity (income and cash flow statements) in that functional currency. § Per accounting standards, before results are consolidated into the parents GL, foreign currency amounts must be translated (“converted”) from the subsidiary currency into the parent currency. § Different types of transactions must be translated at different rates. § P&L activity (sales, COGs, expenses) must be converted at the AVERAGE monthly rate. § Balance sheet activity (Cash, AR, AP) must be converted at the ENDING monthly rate. § When an item is settled, the difference due to exchange rate movement in the amount accrued and the amount settled is treated as foreign exchange gain or loss in the financials.
- 7. DIFFERENT ACCOUNTING STANDARDS • How can different accounting standards worldwide impact foreign currency transactions? • Currently, most US companies with international subsidiaries are required to account for this activity per the standards of GAAP (Generally Accepted Accounting Standards). • However, International Financial Accounting Standards (IFRS) will be required adoption by US Companies by 2018 unless the SEC decides to delay implementation. Similarities Approach (Some Examples) IFRS US GAAP Revenue Recognition ü ü Fair Market (e.g. AR or Inventory Valuation) ü ü Detailed Disclosure ü ü Segment Reporting ü ü Chart of Accounts Not Mandated ü ü Distinction Between Tax and External Reporting ü ü Differences Approach (Some Examples) IFRS US GAAP Fair Market Revaluation Fixed Assets & Investments Only Certain Fixed Assets Extraordinary Items None Rare Consolidation Control 2 Models Joint Ventures Proportional OK Only Equity “Development” Capitalized Expensed Fixed Assets Components Unitary Leasing Financing Cap vs. Op Inventory No LIFO LIFO OK Impairment 1 Step, Reversible 2 Step, No Reversal
- 8. ADOPTING IFRS, LEAVING GAAP A FUNCTION OFYOUR DUAL REPORTING CHOICES. 1. Many subsidiaries will retain a GL and subsystems in compliance with either § Statutory requirements (foreign subsidiaries) § Regulatory legislation (utilities, financial services, etc.) 2. Hyperion HFM will be the main go-between from legacy GL to financial reporting systems. 1. This is the most likely scenario for US companies. 3. Others will find that their existing GL is quite appropriate, but that they have a few subsystem areas that will require adjustment. 4. Others will require that they need to do something more substantial, for example restructuring their business, up to the point of reimplementing Hyperion ERP GL Multi- GAAP Features ERP Subledgers
- 9. COMPLICATED CONSOLIDATIONS § As you can see, intercompany accounting can be aVERY complicated process! § Due to acquisitions, intercompany activity and foreign currency accounting, getting a real picture of the state of the total business (consolidation) can be challenging. § Compliance with different accounting standards, various reporting and filing methods, disparate general ledgers and multiple currencies can be an accounting and reporting nightmare. § Reviewing, matching, reconciling and accounting for multi-entity, multi-currency intercompany transactions can often slow the monthly close process down by days or even weeks. § In fact, mid-size to larger companies often retain an entire team in the accounting department just to do consolidations! § Using Excel for Intercompany accounting, consolidation and translation is not the answer. § Excel is a great personal productivity tool but is not designed for complex calculations, accounting for multiple lines of business and/or entities or complicated consolidations. § Additionally, Excel spreadsheets do not lend themselves to auditing, process management, version control and approvals. § Companies with millions of dollars in revenue using Excel as their consolidation tool are exposing themselves for errors, deficiencies, or material weakness in internal control.
- 10. What is Hyperion Financial Management?
- 11. HFM - SIMPLY THE BEST § Multi-Currency Capability § Multi- Dimensionality Features § Automates Intercompany Accounting § Integrates Data from Most GL Systems. § Excel Integration § Enterprise Collaboration #1Financial Reporting Consolidation and Analysis Tool in the World £ Web interface £ Speed & accuracy £ Finance owned £ Align entities and divisions £ IncreasedVisibility and Accountability £ Out of the box features improved ROI BENEFITS FEATURES
- 12. HYPERION FINANCIAL MANAGEMENT § Oracle Hyperion Financial Management (HFM) is a comprehensive,Web- based application that delivers global financial consolidation, reporting and analysis in a single, highly scalable software solution. § HFM utilizes today's most advanced technology, yet is built to be owned and maintained by the enterprise's finance team. § HFM has financial controls, workflow and best-practices built into the platform to support: § US GAAP and IFRS Reporting ― Sarbanes Oxley (SOX) Compliance § Audit Trails and Activity Logs ― Intercompany Eliminations § Foreign Exchange Translations ― XBRL Capabilities § In addition to the powerful features provided "out of the box", HFM is also highly configurable to support the complex elimination and allocation requirements specific to your organization. § HFM is a finance-owned, IT-supported system that allows your organization to quickly make changes as conditions warrant but tracks those changes to provide transparency and visibility for auditability. § While HFM is a web software application, it also has an add-in with Microsoft Office (called Smartview) which allows users to forecast or budget in Microsoft Excel, an environment comfortable to most finance users.
- 13. EXPANDED DIMENSIONALITY 13 Category Scenario Year View Entity Account View Period Period Entity Value Custom 2 Account Custom 3 ICP Custom 1 Custom 4 HyperionEnterprise HyperionFinancial Management
- 14. HFM BENEFITS § Enable a More Efficient Process, controlled by Finance § IT not needed for most, if any, aspects of HFM. A tool used for Finance and owned by Finance. § Ensures that all data is integrated and validated prior to review by management. § Automate and improve the timing and efficiency of the month end close. § Increased Dimensionality and Intercompany Process eliminates much of the manual matching and reconciliation process. § Reduce consolidation and reporting cycles by days—or even weeks—simply by eliminating redundant data entry and the need to check and double-check actual results. § Reduced data entry, risk of error and risk of key files located in hard drives or spreadsheets. § Modeling or tracking such a business via linked spreadsheets might work if conditions remained stable, but they don’t. § Constantly modifying a collection of spreadsheets is a particularly complicated, time-consuming process full of workarounds and compromises—the opposite of what’s needed. § Easier financial consolidation – no need for manual uploads, email of files or transferring of files. § Fast calculation performance – most calculations performed in 4 seconds or less § Workflow feature ensures timeliness or user preparation and management review § Email alerts to remind user of deadlines.
- 15. HFM BENEFITS (CONT.) § Improve transparency and compliance while reducing costs. § Helps reduce the cost of compliance (as stipulated by the Sarbanes-Oxley Act, electronic filing, and other regulatory requirements) and support disclosure requirements. § Enables companies to automatically generate SEC, XBRL friendly documents. § Perform strategic analysis § Spend less time on processing and more time on value-added analysis of the business including review of performance metrics and other KPI’s. § Deliver a single version of the truth. § Provide a single version of the truth to support financial management and statutory reporting. § No separate versions on different folders, networks or computers. § Topside or adjusting entries are made in HFM. § Easily integrates. § HFM integrates not only with Hyperion products but also with your existing infrastructure. § Quick implementation time maximizes a Company’s Return On Investment § With numerous out of the box features, HFM can often be implemented and utilized in a matter of in weeks § Reduced Administration and stricter security. § Owned by Finance, the Administrator is usually responsible for granting or restricting access.
- 16. KEY CAPABILITIES INTEGRATE,VALIDATE,TRANSLATE, CONSOLIDATE • Use the Financial Data Quality Management (FDM) tool to map and integrate from various GL’s. • Using FDM (formerly known as Upstream), follow the Fish upstream to consolidate and validate data • Manage the workflow and approval of the consolidation process. • Import Foreign Currency rates from established sites to save time and improve accuracy. • Drill through and Drill back into your source data and create journal entries into HFM. • Create control questions manage sections 302 and 404 of SOX
- 17. HFM PLATFORM
- 18. FINANCIAL DATA QUALITY MANAGEMENT SOURCE SYSTEMS § Data cleansing and transformation § Task scheduling § Text and document archive § Audit review § Data staging • Prepackaged integration • Data loading including supplemental data, line item detail • Dimensional mapping verification • Process management • Excel • ERP • G/L • Flat files • ETL • Oracle eBus • Hyperion Financial Management • Hyperion Planning • Hyperion Essbase • Hyperion Enterprise • Data Marts DATA PREPARATION SERVER EPM SYSTEMS GUIDEDWORKFLOW USER INTERFACE EPM Adapters
- 19. Source Systems HFM ARCHITECTURE The basic FDM process includes six steps: 1. Import source data 2. Validate source data against mapping tables 3. Export source data to a target system 4. Consolidate target system data 5. Validate target system data 6. Review and validate internal financial control
- 20. Hyperion Financial Management Solutions
- 21. Hyperion Financial Management Oracle Account Analysis and Drill-Down for both Actual and Budget Hyperion FDM Oracle EBS DRILL-THROUGH/DRILL BACK TO GL
- 22. HYPERION SMART VIEW § Accounts love their Excel and Oracle Understands this! § HFM features Ad-Hoc Analytics via Excel via reports or Drill through/back § Use MS Office to enter, analyze and report on subsidiary data § MS Excel add-in allowing access on or off-line § Users download forms to Excel § Manipulate data just like the full web client § Synchronizes to server when ready to be updated.
- 23. FLEXIBLE REPORTING OPTIONS Financial Reports §Web-based production report writer for producing highly formatted reports such as Financial Statements. §Reports are easily developed and maintained by business §Reports can combine data, graphs, text, and images . §Flexible output options: HTML, PDF, and hardcopy. §Reports can be batched into books and automated to meet monthly, quarterly, and yearly reporting requirements. Dashboards •Web-based, interactive reporting and analysis tool. •Easy to create via drag and drop – no help needed from IT. •Useful for Execs and Analysts alike •Flexible “slice & dice”, Traffic lighting, Ranking/Sorting capabilities. •Can display non-financial metrics with financial data. Smart View •Enables business users to quickly and easily connect to Hyperion Planning using Microsoft Office® tools (Excel, Power Point, Word, Outlook) for analysis and reporting. •Allows users to view, import, manipulate, distribute and share data in Microsoft Excel, Word, and PowerPoint interfaces •Reports and Dashboards can be easily incorporated into PowerPoint presentations and Word documents. Create once and quickly refresh to review the latest information. Smart Space •The first gadget-based user interface designed specifically for Enterprise Performance Management •Consists of a set of configurable gadgets that run on the desktop providing continuous access to financial, operational and performance related information. •Includes a secure instant messaging system for shared decision making.
- 24. HFM, FUSION EDITION NEW FEATURES § New Equity Pick-up Module § Phased Submissions Enhancements § Intercompany Transaction Enhancements § Oracle BI Publisher Templates for System Reports § Extended Analytics Creation of Flat Files § Extended 64 Bit Platform Support § Drill-through to Oracle EBS Financials via FDM § Oracle Data Integrator Support
- 25. ADDRESSING COMPLIANCE NEEDS SARBANES-OXLEY REQUIREMENT FINANCIAL MANAGEMENT Section 302 – CEO/CFO must certify Submissions contain audit trail Section 404 – Internal control report Mandatory review/approval procedures Section 401 – Conditions for use of non-GAAP financial measures Multiple organization hierarchies and chart of accounts U.S. auditing standards Autonomy from transaction systems Accelerated reporting Web solution, I/C reconciliation, journals IAS/IFRS REQUIREMENT FINANCIAL MANAGEMENT Global Standard, Convergence IFRS, Multi-GAAP, and local statutory Recognition and measurement Custom dimensions; financial intelligence, journals with audit trail Consolidation and reporting Segment reporting, specialized currency, inter-company, disclosures
- 26. Summary
- 27. Why Choose Oracle Hyperion Financial Management? § Improve § The Financial Close Process by days or even weeks § Consolidation and Acquisition Accounting best practices § Turnaround time for providing Financial Results to Chief Decision Makers § Enhance § ROI with quick implementation time and numerous out of the box features. § Visibility into subsidiary operating results § Ability to analyze and gauge results through improved performance metrics § Reduce § Audit and compliance costs through improved transparency § Manual Controls, processing times and data reconciliation § Errors, data entry, control risk, reporting times, departmental overload § Refine § Intercompany accounting and reconciliation process § Foreign currency transactions and translation process § Financial Consolidation and reporting features
- 29. Oracle Hyperion Financial Management Oracle Hyperion Financial Management (HFM) is a financial consolidation and reporting application built with advanced Web technology and designed to be used and maintained by the finance team. It provides financial managers the ability to rapidly consolidate and report financial results, meet global regulatory requirements, reduce the cost of compliance and deliver confidence in the numbers. HFM applications are further classified into Enterprise Performance Management Architect Application (EPMA) and Classical Application. EPMA has a build in web interface to manage data and business rules (using calculation manager). But in classical application the business rules are maintained using desktop client and .rle files.
- 30. On-Premise HFM •The most crucial part in HFM is metadata. Accounts, Entities, Custom1-Custom4, ICP as well as application settings are defined in metadata. •In classic application metadata are defined using HFM desktop client (as shown below).The left pane shows the account in an hierarchical manner and in the right pane we can see the respective account properties.
- 31. Entity Dimension • Every member of the Entity dimension is assigned a currency in the metadata. Entity Currency will store the values for an entity in its assigned currency (sometimes referred to as “default currency” or “local currency”). For Example UE has Euro as currency,When the consolidation run the value in UE will get translated to Parent currency(as per defined rates) and get accumulated at the parent level.
- 32. Value Dimension •Value dimension is a system-defined dimension, it represents the types of value stored in your application. •Each entity enters data into <Entity Currency>, Journals are added in <Entity Curr Adjs>.These two adds up and form <Entity Curr Total> which gets translated in consolidation process to Parent Currency.
- 33. •HFM application contain Data Form, Data Grid, ICP Reports and Task Lists. Data Forms ( ) Data forms are used to enter data into the application. Data Forms enable you to enter data for predefined views, such as specific periods and accounts.The forms support nested columns and rows for multidimensional analysis, and enable you to drill into further detail. *Web Interface of Inventory Reserve Form HFM Artifacts
- 34. SmartView SmartView provides a common Microsoft Office interface designed specifically for Oracle's Enterprise Performance Management (EPM) and Business Intelligence (BI). Using Smart View, you can view, import, manipulate, distribute and share data in Microsoft Excel,Word and PowerPoint interfaces. * SmartView Interface of Inventory Reserve Form
- 35. Data Grid ( ) You use data grids to view data in Hyperion Financial Management applications through the web. After you view data, you can calculate it, translate it to other currencies, or consolidate it.
- 36. ICP and ICP Reports ( ) •The Intercompany Partner dimension provides detail for all intercompany balances that can exist for an account. Oracle Hyperion Financial Management can track and eliminate intercompany transaction details across entities and accounts. This dimension is defined when you flag an Entity as an intercompany partner. •Intercompany Partner (ICP) Matching reports lists the intercompany transactions that are eliminated during consolidation. You can enter intercompany transactions through data grids, Data Load, & Journals. Below is an example of ICP report,We can see that at the grand total level we get a zero difference.
- 37. Data Management using FDMEE What is FDMEE? •FDMEE is Oracle's new Financial Data Quality Management Enterprise Edition product that replaces FDM & ERPi, and makes huge strides into data integration between source systems (EBS, PeopleSoft, SAP, Flat Flies, etc) and Oracle EPM (Hyperion). FDMEE runs on Oracle data integrator engine in the background. • FDMEE transforms source data based on the mappings.We can create multidimensional mappings as well as One to one mappings as per our requirement. •Below is a screenshot of one to one data load mappings,We can define mappings for Account, Entity, Custom1-4, ICP.
- 38. Journals •Journals can be entered to application using FDMEE, Journal Web Interface or SmartView. Web UI SmartView
- 39. Business Rules •In HFM Classical Application, All the business rules are stored using a rile file(.rle). •These rules are written using VB Scripting.We can implement any business logic such as cash flow, Roll Forward, Translations using these rules. •These rules are run when consolidation process is executed. *Partial Extract
- 40. Oracle Financial Consolidation Close Service (FCCS)
- 41. HFM On Cloud (FCCS) •Oracle Financial Consolidation Close Service is a new consolidation close product from Oracle. It is the most commonly used functionality from HFM with out-of-the-box calculations, hierarchies, reports, and dashboards for faster deployments. FCCS also has close management functionality built-in that was previously only available in Oracle Financial Close Management (FCM). •FCCS also use FDMEE for Data Management.
- 42. • Dimensions in FCCS are similar to HFM. Account, Entity, ICP and 4 Custom dimensions can be defined as per requirement. •In FCCS,Value Dimension(as in HFM) is replaced by Consolidation dimension. • The metadata in FCCS is maintained using web interface , Below we can see the account hierarchy. Modifying/ Adding new account in FCCS is much easier as compared to classical HFM.
- 43. •In FCCS we can also create Grids and Forms similar to on premise application.
- 44. •FCCS can be integrated with SmartView. All the form and grid can be opened using SmartView or Excel.
- 45. •Business Rule in FCCS are maintained using Calculation Manager.When the consolidation process runs it execute all the business rule as per defined process.
- 46. •FCCS supports creation of financial reports using Oracle Financial Reporting Studio.These reports can be created and distributed to the end users using email busting. •Below is a snapshot of Balance Sheet report that has been created using reporting sudio.
- 47. § CLOUD PBCS (Deep Dive)
- 48. Website: www.rapidflowapps.com | Email: info@rapidflowapps.com QUICK OVERVIEW.
- 49. • Inaccurate forecast • Manual planning • Wasting time • Cost of operations • Growing Plans • Cost of Maintenance Daily, Monthly, or Yearly COMMON OPERATIONAL TRIGGERS Website: www.rapidflowapps.com | Email: info@rapidflowapps.com
- 50. Data Integrity: Multiple versions of their spreadsheets, which can sometimes lead to data inconsistencies and redundancies that compromise the integrity of the information provided within the report. Information Overload: As businesses continue to grow, so does the amount of information going into a spreadsheet. These Excel reports become increasingly complex, and end users are overloaded with details that might not be pertinent to their specific role Investment in Time: Businesses need to be responsive to their ever changing environment. But large Excel spreadsheets that contain vital financial data to make sound business decisions may require significant time to update and publish. This process is neither beneficial, nor reliable As budgeting, forecasting and financial reporting are three major pillars in Enterprise Performance Management (EPM), it is important for any business to have up to date, accurate financial information. SHOW STOPPER’S Website: www.rapidflowapps.com | Email: info@rapidflowapps.com
- 51. MOVING TO THE CLOUD. Website: www.rapidflowapps.com | Email: info@rapidflowapps.com
- 52. • Planning provides an in-depth look at business operations and its related impact on financials, by tightly integrating financial and operational planning models. With Planning you can meet your immediate financial planning needs while enabling a platform for future cross-functional expansion and automated process integration. • Workforce Planning enables headcount, salary, and compensation planning fast and efficient across the enterprise. • Capital Asset Planning enables planning of capital assets and capital asset related expenses, such as depreciation, maintenance and insurance. • Project Financial Planning is designed to support financial planning and forecasting for contract, capital and indirect projects. It bridges the gap between project management systems and financial planning processes, to support the complete project financial management lifecycle. PLANNING, BUDGETING AND FORECASTING Website: www.rapidflowapps.com | Email: info@rapidflowapps.com
- 53. D A T A S O U R C E Revenue & Cost CAPEX OPEX PL/BS /CF Planning & Forecasts Meta Data & Business rules ETL Web Forms & Excel Upload DW/DM Market Data SAP/ EBS Non-GL SAP-EBS GL Transaction Data User Input Values Dashboard based Management Reports Analysis / Slicing & Dicing and Drill down Reporting Write back to Transaction System 1. Robust ETL process for 2-Way Interfaces 2. Driver based business rules for calculation of Budget, Allocation & Consolidation 3. Dashboard based Management reports with slicing/dicing & drill-down options HYPERION EPM– SOLUTION ARCHITECTURE Website: www.rapidflowapps.com | Email: info@rapidflowapps.com
- 54. § Standardized Meta data - / Data Granularity across the enterprise. § Rule based calculation to ensure data quality. § Standard Data repository (Multi Dimension) for Current, Historical & Planned data § Single Data-source for all information. § Powerful tool for business Analysts for: § Root Cause Analysis § “What if” Analysis § Drilldown Slicing and dicing / ‘Deep Dive’ into data. § Helps answer questions such as: § Are we doing things right or the right thing ? § Are we spending because we need to or because we have a budget ? § Do we decide based on required information or available information ? § Seamless Interface to Transaction Systems / Data Warehouse, OBIEE & other data source. § Seamless spread sheet based analysis § Event based Alerts PBCS ADVANTAGE – INFORMATION & ANALYSIS RELATED Website: www.rapidflowapps.com | Email: info@rapidflowapps.com
- 55. • Collaborative Planning & Budgeting across the enterprise – Annual Plan, Long Term Plan, MTR, Rolling Forecast etc. • Standard Reporting process across the enterprise in terms of report formats, contents and reporting frequency. • Clear definition of data ownership with work-flow & Task List Management. • Global Assumption & Drivers • Align Legal & Management Reports – Single Version of Truth • Alignment of Top-Down Plan (Management Guide lines) Bottom-Up Plan • Adaptation of Best Practice PBCS ADVANTAGE – PROCESS RELATED Website: www.rapidflowapps.com | Email: info@rapidflowapps.com
- 56. § Cloud Deployment § User defined Web Forms for Input Data § Management Scenario & Version Management § Currency Management § Security – (Need based access) § Meta Data Management § Budget COA Mapped to GL COA § Interface to SO / HR / FA System § Budgetary Control & Transaction Level – Write Back to SAP, Procurement System § Project Management § User defined business rules § Static and Analytical reporting with slicing & dicing and drill-down option. PBCS ADVANTAGE – PRODUCT RELATED Website: www.rapidflowapps.com | Email: info@rapidflowapps.com
- 57. § ‘Best of Breed’ tool for managing cost control and cost reduction initiatives. § Reduction in man-hours used for Planning & Budgeting, Forecasting and Management reporting cycle. § Reduction in Ownership Cost : Easy to design, deploy and manage. PBCS ADVANTAGE – COST SAVINGS RELATED Website: www.rapidflowapps.com | Email: info@rapidflowapps.com
- 58. ü 12-month planning/forecasting horizon within the same fiscal year ü Dimensional structures aligned with G/L chart of accounts and Org. Structure. ü Multidimensional consolidation across the Chart of Account hierarchies ü Web forms and excel interface for data entry for Revenue, Cost of Sales, Opex. ü and Balance Sheet at the G/L Chart of Account level ü Template for uploading previous year data. ü 20 Web Forms and 6 reports. ü Pre-defined role based security and workflow up to 15 user groups ü Employee/Position Planning for Workforce ü Template for uploading previous year data. ü Asset depreciation calculation for new assets using Straight Line ü Method considering the cost and useful life. Also includes data load for ü depreciation of existing assets. ü Go-Live in 8 weeks and 1 week of post go-live support Rapidflow Hyperion Practice works closely with clients through all the stages of their Enterprise Performance Management (EPM) initiative and carefully designed keeping in mind the basic optimum EPM needs of an organization who wants to move from excel based planning and budgeting exercise to a world class planning & budgeting system. We provide an end-to-end solution to our clients to enable them achieve their business objectives in a quick and effective manner, at a lower TCO. ` ORACLE PLANNING & BUDGETING CLOUD Website: www.rapidflowapps.com | Email: info@rapidflowapps.com Prisoft PBCS QuickStart Fixed Scope package includes
- 59. PBCS Project Kickoff (Week 1) PBCS Demonstration (Week 2) PBCS (Week 3) Fit-Gap Analysis (Week 4) Pilot 2 (Week 5) Requirement Sign-Off (Week 5) Key User Training (Week 6) PBCS Go Live (Week) Production Configuration (Week 8) Production Configuration (Week 7) Planned Project Time line – Cloud PBCS Website: www.rapidflowapps.com | Email: info@rapidflowapps.com PLANNED PROJECT TIME LINE – CLOUD PBCS
- 60. #1 Simple Migration/Implementation – Oracle PBCS can provide you a Reporting and Forecasting application in weeks that meets your business needs. If you already have Hyperion Planning today we offer a quick migration program that will allow you to take advantage of all the benefits of the cloud. #2 No Infrastructure Investment – With Oracle’s PBCS there are no servers, databases or operating systems that you have to buy. All the hardware is already in place for you. If you’re considering migrating to PBCS you can re-purpose your existing servers for other areas of the business. #3 Expense versus Capitalize – PBCS is offered as a Software-as-a-Service (SaaS) model, meaning it’s a subscription, as opposed to buying a license and amortizing the cost. Because PBCS is in the cloud, there are no hardware costs so you also save on depreciation of servers. With PBCS treated as an operating expense, it becomes tax deductible as it reduces your bottom line. #4 All the Power of Planning…and more – Not only do you get the world’s leading Forecasting and Reporting solution used by over 4,000 organizations worldwide but you also get Financial Data Management for all data integration and mapping needs, plus Reporting as well as Online Guides and Training Videos to walk you through every aspect of the application. PBCS – BENEFITS
- 61. #5 No More Upgrades – PBCS allows you to pick the date and time for all patches and upgrades that best suits your needs. No more trying to stay current with all the Spreadsheet and Browsers out there. PBCS will apply those patches for you automatically. #6 The Cloud is the Future – Like Web Based applications were 20 years ago, the same shift is happening with the cloud. Everything you do from social media, web mail, online banking, shopping is all cloud technology. And with its mobile capabilities, PBCS allows you to access your information on the go. #7 Financial Reporting & Analytics – The reporting capabilities include all the tools that clients who have used Hyperion have grown to love. It includes Financial Reporting for production quality reports, book distribution and schedule batch bursting, plus Smart View for the MS Office suite which allows direct ad-hoc access to the application through Excel, Word and PowerPoint. #8 Eliminate Annual Maintenance – PBCS pricing is all in one. There’s no longer an annual maintenance fee incurred every year PBCS – BENEFITS