Oracle IT Financial Management
- 1. INTEGRATED BUSINESS ANALYTICS Getting to the Answers for Improved Business Performance Business Analytics Solutions Provider: EPM, BI, and BD Technologies Oracle IT Financial Management (ITFM) CON6775 Mike Killeen, Oracle Ace, Edgewater Ranzal Nan Braun, CEO, Thavron Solutions Marc Seewald, Managing Director, Oracle EPM Product Management
- 2. Business Analytics Solutions Provider: EPM, BI, and BD Technologies Program Agenda • Introduction to Oracle ITFM • Why is ITFM Important? • ITFM Solution Overview • Call to Action • Q&A 4
- 3. Business Analytics Solutions Provider: EPM, BI, and BD Technologies The Dual Role of the CIO Spend: IT to Sustain “Run the Business” Invest: IT as Strategic “Grow & Transform the Business” 5
- 4. Copyright © 2017, Oracle and/or its affiliates. All rights reserved. 6Business Analytics Solutions Provider: EPM, BI, and BD Technologies IT Chargebacks & Bill of IT Data Management & Automation IT Planning & Analysis Transparency to IT Service Charges Align IT Projects with Strategic Priorities IT Spend Analysis: Run vs. Grow vs. Transform ITFM helps IT build credibility with the Business Align IT to Run and Grow the Business Oracle IT Financial Management (ITFM) 6
- 5. Business Analytics Solutions Provider: EPM, BI, and BD Technologies Program Agenda • Introduction to Oracle ITFM • Why is ITFM Important? • ITFM Solution Overview • Call to Action • Q&A 7
- 6. Business Analytics Solutions Provider: EPM, BI, and BD Technologies “You Should Run IT Like a Business…” 8
- 7. Business Analytics Solutions Provider: EPM, BI, and BD Technologies Wherever they sit in the organization, the CIO is responsible for keeping IT functional and cost effective. 9
- 8. Business Analytics Solutions Provider: EPM, BI, and BD Technologies The Benefits Bubble Through the Organization Cost Transparency R2GT M&A App Rat Cloud WhatIf Model 10
- 9. Business Analytics Solutions Provider: EPM, BI, and BD Technologies Who Cares? CIO VP Infrastructure . VP Applications . IT Finance Manager . 11
- 10. Business Analytics Solutions Provider: EPM, BI, and BD Technologies What’s the bottom line? • For organizations who have not yet started the journey, doing so can drive bottom line financial impact and operational improvement (~10%) • For those who already have a base model, pushing towards maturity can increase impact by as much as 2x • Provides a Service Model to change the internal IT culture and discussion as well as External (with the business) • Value Aligned for best Bottom Line impact- allows the CIO to bring value to the table 12
- 11. Business Analytics Solutions Provider: EPM, BI, and BD Technologies Program Agenda • Introduction to Oracle ITFM • Why is ITFM Important? • ITFM Solution Overview • Call to Action • Q&A 13
- 12. Business Analytics Solutions Provider: EPM, BI, and BD Technologies IT Demand Plan Run/Build (Project) IT Costing & Chargebacks Oracle IT Financial Management (ITFM) Solution IT Supply Plan Labor/Equip (Resource) Service Catalogue (Run) Project Portfolio Mgmt (Build) IT Management IT FinanceLine of Business Management Operational Systems Line of Business Chargeback Reports IT Performance Management Reports Shared Master Data & Governance General Ledger SubLedgers AP, FA, PR, PO Financial Systems Cost Centers & AccountsConsumers & Services Projects & Resources Oracle IT Financial Management Solution Architecture Enterprise Planning + Profitability & Cost Management Cloud Configuration DB (Resources) Projects Oracle ERP Oracle Projects Oracle PPM DRM EPBCS PCMCS + ITFM Templates FDMEE or Data Mgmt FDMEE or Data Mgmt 14
- 13. Business Analytics Solutions Provider: EPM, BI, and BD Technologies • IT Target Setting • BAU Targets Aligned with Revenue • Initiatives Linked to Strategic Planning • IT Resource Planning • Employees & Contractors • Equipment & Software • Integrates with HR & Fixed Assets Systems • IT Project Financial Planning & Forecasting • Budgeting & ROI for new Programs & Projects • Forecasting for Indirect & Capital Projects • Integrates with PPM solutions • Monitoring & Analysis • Self-Service Reports & Ad Hoc Analysis • Provide transparency between the CIO & CFO Spotlight on IT Planning & Forecasting Improve Forecast Accuracy & Control IT Target Setting IT Resource Plan & Forecast IT Project Plan & Forecast Monitoring & Analysis 15
- 14. Business Analytics Solutions Provider: EPM, BI, and BD Technologies Enterprise Planning & Budgeting Cloud The Engine Behind IT Planning & Forecasting Planning modules with best practice content for rapid deployment & auto-upgrade Configuration Wizards for Functional administration Easy-to-use Mobile, Web & Office User Interfaces WORKFORCE PROJECTSFINANCIALS CAPEX 16
- 15. Business Analytics Solutions Provider: EPM, BI, and BD Technologies Spotlight on IT Service Costing & Chargebacks Modeling IT Like a Service Business • Combine Data from Multiple Sources • General Ledger/Financial Planning • Projects Ledger/Project Planning • Optional - Time Entry Hours By Project • Optional - Vendor Detail from AP & GL • Perform Cost Center Allocations • Corporate Overhead & Services to IT • IT Overhead Allocations • Intra-IT Allocations/Tech Services • Perform Project Allocations • Investment Class (Run/Build) Split • Project OH Burdening • Capitalized Labor to Projects • Combine Data from Multiple Sources • Labor Financials from Payroll or WFP • Asset Financials from Fixed Assets • Operational IT Resource Tracking Data • Service/Application Consumption Metrics • Perform Resource Costing • Labor Costing By Class/Skill/Person • Asset Costing by Class/Type/Equipment • Perform Service Costing • Flexible phasing of costs from Cost Center, Project or Resource • Calculate Unit Cost Per Service • Service Catalogue & Bill Rates • Contribution Cost Trace • Consumer Showbacks • Consumer Allocations • Cost Per Supported User • Consumer Chargebacks • Intra/Inter Company Charges • Cost Recovery Variances Model Financials & Projects Complete Costing of IT Operations IT as a Business Service Provider 17
- 16. Business Analytics Solutions Provider: EPM, BI, and BD Technologies Oracle Profitability & Cost Management Cloud The Engine Behind IT Service Costing & Chargebacks Published Reports & Interactive Analytics Model Development Master Data & Data Integration Management Profitability & Cost Management Cloud Service (PCMCS) Financial Reports, Smart View, Embedded Visualizations Model Execution No Large Initial Investment Accessible Always up to date Allocation Engine Embedded Intelligence Mobile Rule Transparency Integrations Dashboards & Work Areas 18
- 17. Business Analytics Solutions Provider: EPM, BI, and BD Technologies • Pre-Built Data Model • 14 Base Dimensions • 24 Attribute Dimensions • Pre-Populated Content • IT Chart of Account Definition (150+) • Service Catalogue (50+) • 40+ Drivers • Pre-Built Model & Reporting Content • 15+ Ratios/Metrics • Time Series & Variance Calculations • Starter Set of 40 Allocation Rules • 15+ Smart View & Fin Reports • 30+ Pre-Built Model Views for Analysis • Pre-Built Interface Specifications • 20+ Native File Formats managed by Source • Ranzal Accelerators WIP for Data Management Mapping & Automation PCM IT Costing & Chargeback (ITCC) Template Pre-Packaged Content for Profitability Cloud 19
- 18. Business Analytics Solutions Provider: EPM, BI, and BD Technologies Account x Entity Account x Entity x Project Account x Entity x Project Account x Entity x Project x Vendor Account x Entity x Project x Vendor Service Resource (Cat) x Service Resource (Detail) x Service Consumer Consumer Consumer Consumer Consumer Flexible Maturity Model Phased Implementations Maximize Time-to-Value *Custom1 can also be included in any Financial View * Per PCM Point-of-View: Period, Fiscal Year, Scenario, Currency 20
- 19. Business Analytics Solutions Provider: EPM, BI, and BD Technologies Program Agenda • Introduction to Oracle ITFM • Why is ITFM Important? • ITFM Solution Overview • Call to Action • Q&A 21
- 20. Business Analytics Solutions Provider: EPM, BI, and BD Technologies Your Resource for ITFM @Oracle OpenWorld • Have lunch with us! A Better Language Between IT & Finance (ITFM); Wednesday, 10/4, 11:30-1:00 p.m., Thirsty Bear Brewing Company • Schedule a Health Check appointment. Meetings are available Monday-Wednesday • Attend our featured conference session: Monday, 10/2, 12:15 - 1:00 p.m., Moscone South - 160 Oracle EPM Cloud for IT Financial Management • Join us for Happy Hour! Tuesday, 10/3, 5:30 – 7:30 p.m., Wine Down San Francisco Engage with trusted partners to find out more about IT Financial Management Solutions (ITFM): Meetings Available Monday - Wednesday 22
- 21. Business Analytics Solutions Provider: EPM, BI, and BD Technologies Program Agenda • Introduction to Oracle ITFM • Why is ITFM Important? • ITFM Solution Overview • Call to Action • Q&A 23
- 22. Business Analytics Solutions Provider: EPM, BI, and BD Technologies ITFM Partnership - Uniting Expertise and Strengths "This collaboration brings a unique intersection of technology, strategy and implementation expertise to the ITFM space. We see a compelling opportunity to further strengthen the bonds between the offices of the CFO and CIO and bring a common language to the business." - Matt Bradley, Senior Vice President, Product Development, Oracle 24
- 23. BusinessAnalyticsSolutionsProvider:EPM,BI,andBDTechnologies Let Us Know How We Can Help #ITFM #EPMCloud Thank you Marc Seewald Oracle EPM Product Management linkedin.com/in/marc-seewald Mike Killeen Edgewater Ranzal, SVP Tech & Strategy linkedin.com/in/mikekilleen Nan Braun Thavron Solutions, CEO/Founder linkedin.com/in/nanbraun
- 24. Business Analytics Solutions Provider: EPM, BI, and BD Technologies Give us Your $.02 and We’ll Give You $5 Do You Know Your PCMII? • Take part in our study to learn how organizations navigate and manage Profitability & Cost Management (PCM) processes. • Show your results email for a $5 Starbuck’s gift card • Mobile friendly: ranz.al/openworld17 27
- 25. Business Analytics Solutions Provider: EPM, BI, and BD Technologies Appendix 28
- 26. Business Analytics Solutions Provider: EPM, BI, and BD Technologies 4 Conference Sessions. 3 Lunches. 1 Happy Hour. Join us! • LUNCH N LEARNS @ the Thirsty Bear, 11:30-1:00 pm – Monday: Cloud Showcase Featuring: PCC Metals and Sims Metal Management – Tuesday: Rich Clayton: What’s Next in Business Analytics: Adaptive Intelligence and Machine Learning – Wednesday: Ranzal w/Thavron Solutions: A Better Language Between IT & Finance (ITFM) Register for Lunches or Tuesday night Happy Hour @Wine Down @[email protected] • Attend Our Featured Conference Sessions • Monday, 10/2, 12:15 - 1:00 p.m., Moscone South - 160 Oracle EPM Cloud for IT Financial Management Join Mike Killeen, Edgewater Ranzal, to learn how IT organizations are running effective cost allocations, IT project planning, and IT spend analysis. Monday, 10/2, 1:15 - 2:00 p.m., Moscone South - 158 EPM, ERP, Cloud, and On-Premises: All Options Explained Sims Metal Management will discuss how they are leveraging a hybrid approach with FDMEE for EPM and how Oracle tools can facilitate this approach for integrations • Tuesday, 10/3, 4:45 - 5:30 p.m., Moscone South -157 Customers Present: Financial Consolidation, Close and Reconciliation PCC Metals Group Takes to the Cloud: PBCS, FCCS, ECS & BICS • Wednesday, 10/4, 12:00 - 12:45 p.m., Moscone South - 157 Strategic Modeling: Right Strategic Decisions Aligned with Operating Plans Learn about Enterprise Planning at Enbridge and how they are using: HSF, Planning, Essbase, FDMEE, DRM. 29
- 27. Business Analytics Solutions Provider: EPM, BI, and BD Technologies CLICK to Find What We Know! • ITFM Solution Page • Solution Sheet: Insight Driven Decisions Between CIOs and CFOs with IT Financial Management (ITFM) • Webinar: Connecting the Value of IT: A Disciplined Solution for Service Costing and Chargeback • Blog: Connecting the Value of IT: A Disciplined Solution for Service Costing and Chargeback • HUGmn Tech Day Presentation: The Bill for IT: IT Service Costing, Showbacks & Chargebacks with Profitability & Cost Management Cloud Service • Blog: How to Show the Financial Value of IT • Blog: IT Financial Management: IT’s New Strategic Weapon • Blog: How to Get Better Insight Into the Value of IT • Solution Brief: Here • Executive Briefing YouTube Video: Here • ITFM Overview YouTube Video: Here • The ITFM Grinder: Transforming ITFM from Tactical to Strategic - Blog 30
- 28. Business Analytics Solutions Provider: EPM, BI, and BD Technologies PCMCS IT Costing & Chargebacks Template 15 Pre-Built Reports Enabled By Phase 31 Financial View IT Operations View Consumer View CIO Key Metrics Provides an overall view of key financial and non- financial IT Metrics for IT Management. Budget vs. Actuals (BvA) for Service Owners Plan vs. Actual Variance Analysis of Total IT Run Spend by IT Service Owner Run Spend By Service and Org Shows the Actual YTD Run Spend by IT Cost Center and Service IT Plan Review Provides a Comparison of Run/Build & Opex/Capex IT Spend by Scenario. CPSU By Service Shows a Plan vs Actual vs Variance of Annualized IT Allocated Cost Per Supported User by IT Service Build Spend By Initiative and Org Shows the Actual YTD Build Spend by IT Project and Initiative. Run vs. Build Summary Monthly Run/Build Trend benchmarked against Firm Revenue. IT Intra-Tech Service Shows the results of IT Technical Service Allocations. CPSU by Consumer Function Shows the Annualized IT Allocated Cost Per Supported User By Consumer Function IT Build by Project Category Provides YoY Comparison of Project Spend by Build Category. Monthly Vendor Spend Shows the monthly trend in spend by top vendors. CPSU By Consumer Geo Shows the Annualized IT Allocated Cost Per Supported User By Consumer Geography. IT Headcount Review Provides a comparison of IT Headcount by Scenario & Delivery Org. IT Run by Resource View Shows the Trend in Actual and Forecasted total allocated cost and CPSU by IT Resource Category. Bill of IT Per Consumer shows Billed Charges and Cost Per Service. 31
- 29. Business Analytics Solutions Provider: EPM, BI, and BD Technologies The Value of Oracle ITFM 32 Oracle ✓ ✓ ✓ ✓ Purpose-built Allocation Engine Best Practice IT Planning Flexible Dashboards and Self-service Reporting Integration to Data Sources $ ✓Leverages Investment in Oracle