Simplify Complex Consolidations and Close Processes with Oracle Financial Consolidation and Close Cloud

| 1Business Analytics Solutions Provider
Simplify Complex
Consolidations & Close
Processes with FCCS
Geordan Drummond – Edgewater Ranzal

BusinessAnalyticsSolutionsProvider:EPM,BI,andBDTechnologies
Agenda
• Introductions
• Out of the Box content
• Calculations and Consolidations
• Managing the Close Process
• Maintenance
• Reporting
• Q&A

About the Speaker
• Geordan Drummond – Product Manager for Financial Close &
Consolidation
• 20+ years in the Hyperion/Oracle space
(HE, HFM, HTP, ARM, SDM, CM, FCCS, ARCS, EPRCS)
• Set internal standards for new products and features
• Partner closely with Oracle Product Management
• Engage with the Oracle user base community

Edgewater Ranzal At A Glance
Since 1996:
Proven Methodology and Implementation Approach
1,000+ Customers
2,000+ Completed
• Seasoned delivery team averaging 6+ years serving Ranzal clients
• Experienced management team averaging 12+ years leading Ranzal
Projects:
Team Highlights:
• Multiple Oracle ACEs
• More than 200 consultants with an exclusive multi-product focus across
the entire Oracle Business Analytics Suite
• Trusted advisory relationship with Oracle Product Development, Oracle
CAB, and Special Interest Group Members
• Oracle Cloud Excellence Implementer with consistent delivery of
successful implementations
Oracle Partnership:
Diverse Client Portfolio & Industry Expertise
Premiere Services Offered
On-Premise, Cloud, Hybrid, Mobile
Premiere Services Offered
Healthcare Financial Services
Technology CPG and Manufacturing
Bio Tech and Pharma
Medical Supplies

Business Analytics Solutions Provider: EPM, BI, and BD Technologies
Out of the Box Content – Dimensions
• System dimensions similar to HFM plus
up to 4 customs
– Blue denotes OTB dimensions that
would have been customs in HFM
– Red denotes example of true custom
• Seeded hierarchies for selected
dimensions – OTB members are prefixed
with “FCCS”
• This provides for a starting point for your
application
• The content can be customized
– Children can be added
– Seeded members can be moved
– Aliases of seeded members can be
changed

Out of the Box Content – Accounts
• Income Statement
• Balance Sheet
– Primary
• Traditional
• Net Asset
– Cash Flow
• Exchange Rates
• Historical translation accounts
– Automatically created
based on an attribute
• Ratios (Optional)

Out of the Box Content – Movements
• Used in conjunction with Account
dimension
• Rollforwards
– Opening/Closing balance
– Activity items – can add your own
– FX impact
• Cash Flow & Cash Change – alternate
hierarchy for Movements
– Major categories (Operating,
Investing, Financing)
– Signage changes

Out of the Box Content – Cash Flow
• The intersection of the Account data is cross referenced with Movement member
when loading data
• This means that you have created the mapping between the change in balances and
the CF statement – no business rules required compared to HFM
• Since the details are in the application the reporting options are greater – SV, FR, etc
• FX impact is automatically calculated from the movement members
• Eliminations follow the Balance Sheet configuration
Jan
Total Cash Total Non Cash
Long Term Assets Total Liabilities Total Equity
Total Balance Sheet-C
Opening Balance for Cash asset 1,540 1,540
Net Cash from Operations 225 -225 225
Net Cash from Income 225 -225 225
Net Adjustments to Net Assets
Net Cash from Investing 75 75 75
Cash Flow on Proceeds from Sales of PPE 75 75 75
Net Cash from Financing 150 -150 150
Cash Flow from Proceeds from Debt 150 -150 150
Total effect from FX on non-Cash accounts 250 -35 -50 -235 250
Closing Balance for Cash asset 2,240 2,240

Out of the Box Content – Other Metadata
• Data Source
– Common in HFM, but
OTB in FCCS
– Track origin of data
• Loaded data
• Journals
• Supplemental Data
• Eliminations
– Again, can add additional
members as needed

EPM Cloud Migration Accelerator
• This is a standalone utility that can
be accessed via download link from
within FCCS
• Provides a quick way to map HFM
dimensions to FCCS
• Handles duplicate alias situations
• Validations available before loading
to a pod
• Can deploy directly to a cloud
instance or just generate files
• Content always kept up to date with
current release
• Doesn’t convert entire app, but can
provide a good head start

Out of the Box Content – Calcs
• All available OTB – no
coding required
• Rollforwards
– Beginning Balance
• Balance calculation
– Can limit scope or
disable if necessary
• Overrides
– Amount based
– Rate based
• CTA
• Ratios – Optional

Calculations – Member Formulas
• Attached to member –
easier to maintain
• Visible from any
metadata
management method
(Web, Smart View)
• Uses Essbase syntax
so consistent with
other calculations

Calculations – Calc Manager
• Used for more complex calculations
• Placeholder rules are available that work around the OTB calculations
• Visual development environment – same as on prem version
• Can use graphical UI or Essbase calc script language
• We have leveraged our experience in Planning & Essbase to optimize calculations

Translation – OTB
• Income Statement default
– PVA (monthly average)
• Balance Sheet default
– EOM (end of month)
• CTA
– Balance Sheet
– OCI
• Overrides
– Amount based
– Rate based
• FX on Movements
– Beginning impact
– Activity impact

Translation – Custom
• Defaults can be overridden simply by configuring alternate
method
• Can specify rates or target POV to use if different
• No need for coding

Consolidation – Ownership Methods
• Methods
– OTB methods available, but additional ones can be added
– Validations on method ranges to avoid overlaps
– Changing % ownership automatically determines methods – but you
can override this

Consolidation – Ownership
• Ownership assignment
– 2 views:
• Hierarchy – according to the parent Entity selected
• Legal – reflects ultimate ownership
– Export / Import from text file if feeding from another source
– Automated rollover process from year to year – months roll automatically

Consolidation – OTB Rules
• 7 RuleSets available for
deployment
• These are in addition to
standard eliminations
specified using ICP and
Plug Account configuration
• Optional – any of these can
be disabled or enabled at
user’s discretion
• Focused on Ownership
eliminations
• Additional ones
forthcoming – updated with
monthly releases

Consolidation – OTB Rule Example
• Not a black box – details are viewable
• Plain language descriptions, not technical

Consolidation – Custom Rules
• Full range of what is available with OTB rules
• No coding required – guided UI approach
• You can start with a copy of OTB rule and then customize

Integrated Process Flows
• Connections can be created
between applications
• Makes it easier for users to
navigate between tasks
without leaving a specific
service
• For example, a Planning
forecast form could be
embedded in FCCS so that the
user can jump directly to it
without leaving the app
• Not really possible to do this in
on-premises today

Navigation Flows
• Goes beyond
concept of task lists
• Customization of the
interface with no
coding required
• Customize items,
descriptions, icons
• Familiar mobile or
tablet style interface
for end users

Close Calendars
• Track all of the close
tasks in the tool rather
than managing them via
Excel, email, and
whiteboards
• Metrics and dashboards
available for tracking
• Worklists are
comprehensive and can
include the full range of
tasks required

Task Integrations – Targets
• Can initiate tasks within
EPM cloud applications
• Tasks types:
– Manual
– Monitoring
– Automated
• Or you can integrate with
other cloud or on-prem
services using Integration
Cloud Service (ICS) for full
end-to-end automation
• Oracle or 3rd party

Maintenance – Metadata
• Web UI or Smart View, no
other client to install
• Properties show side by
side with hierarchies instead
of just a flat list or properties
for one member at a time
• Can select which properties
to work with
• Web UI provides validations
of properties prior to
refreshing database – visual
warnings highlighted in red

Maintenance – Data
• Copy Data feature automatically includes journals in addition to
base data
• Clear Data feature automatically handles journals by putting them
in a working status so that they are visible but don’t impact data

Maintenance – Other Misc Features
• Valid intersections – like NoInput
rules in HFM but configured in UI
rather than through script
• Supporting Detail – more flexible
than Line Item Detail
• Substitution / User Variables –
for setting constants like “Current
Month” instead of a single
member list
• UDAs – members can be tagged
with more than just 3 attributes
like in HFM
• Audit information – all in one spot

Maintenance – EPM Automate
• Command line, script
based utility
• Works across the Cloud
EPM stack of products
• Similar functionality to
Task Flows
• Much easier to work
with if you need to re-
sequence a routine
• Can set up as a batch
process

Journals and Forms
• Journals can include
attachments
• Additional data form
features:
– ‘Start Expanded’
option
– Business rule
launch options

Forms – Supplemental
• This functionality allows you to
collect data that is more
granular than what you might
have at a dimensional level
• Data can be numeric, textual,
date, or yes/no
• Summarized values can be
written back to the consolidation
for validation purposes
• This is ideal for footnotes or
other supporting data
• Workflow included to track the
collection process

Reporting – Types
• All report types all in one place for end users
• Web version of FR – same as on prem, so no additional
learning curve for those users already working with reports

Reporting – Dashboards
• Connect directly to app,
no secondary data copies
• Easy to configure, no
coding required
• Self service for end users
• OTB content includes both
process and data focused
dashboards
• Infolets – provide a way to
surface values quickly
without diving into details

Training
• Academy – videos for end users and admins
• This is in addition to traditional documentation

Q&A
Questions?

Find Us at OpenWorld 2018!
Breakfast / Lunch & Learn Presentations at Thirsty Bear:
Analytics Everywhere, but Where Do I Run My Reports? Crafting a Winning Reporting Strategy
with Oracle Cloud EPM & ERP Applications
MONDAY 10/22 | 12PM - 1:15PM
The Argument for Cloud Migration: Account Reconciliation Cloud Service (ARCS)
Featuring Wright Medical Technology, an Edgewater Ranzal Client
TUESDAY 10/23 | 9AM - 10AM
Oracle Analytics Cloud: Use Cases and a Comprehensive Look at Data Visualization
TUESDAY 10/23 | 12PM - 1:15PM
Oracle Analytics Cloud Workshop
TUESDAY 10/23 | 1:30PM - 3PM
Simplify Complex Consolidations and Close Processes with Oracle Financial Consolidation
and Close Cloud (FCCS)
WEDNESDAY 10/24 | 12PM - 1:15PM

Conference Sessions:
IT Financial Management [PRO5858]
Tuesday, Oct 23, 1:45pm - 2:30pm | Moscone South - Room 152
Integrated Business Planning [CAS5859]
Tuesday, Oct 23, 4:45pm - 5:30pm | Moscone South - Room 152
Customers Present: Oracle Profitability and Cost Management Cloud Service [CAS5870]
Featuring Thermo Fisher Scientific and Vanguard, Edgewater Ranzal Clients
Thursday, Oct 25, 10:00am - 10:45am | Moscone South - Room 152
Customers Present: Oracle Enterprise Data Management Cloud Service [CAS5887]
Featuring CareFirst and BlueCross BlueShield, Edgewater Ranzal Clients
Thursday, Oct 25, 11:00am - 11:45am | Moscone South - Room 151
Vitamix: A Blend of Many Oracle EPM Cloud Applications and More to Come [CAS3227]
Thursday, Oct 25, 1:00pm - 1:45pm | Moscone South - Room 152

Networking & Fun!
Cheers & Beers!
Unwind in the afternoons with us during
the conference while enjoying tapas and
a fine selection of craft beers brewed by
Thirsty Bear.
Thirsty Bear Brewing Company
Mon 10/22 | Tue 10/23 | Wed 10/24
2pm - 4pm
661 Howard St
San Francisco CA 94105
Wine Down with Us at Happy Hour!
Join us for complimentary cocktails and
appetizers at our annual Oracle OpenWorld
Happy Hour.
Wine Down SF
Tuesday, 10/23
5pm - 8pm
685 Folsom Street
San Francisco CA 94107

200 Harvard Mill Square
Suite 210
Wakefield, MA 01880
Tel (781) 246-3343
130 South Jefferson Street
Suite 101
Chicago, IL 60661
312-624-7738
1025 Westchester Avenue
Suite 108
White Plains, NY 10604
Tel (914) 253-6600
| 38
200 Harvard Mill Square
Suite 210
Wakefield, MA 01880
Tel (781) 246-3343
130 South Jefferson Street
Suite 101
Chicago, IL 60661
312-624-7738
1025 Westchester Avenue
Suite 108
White Plains, NY 10604
Tel (914) 253-6600
Where you can find us:
Company Contact
Joey Alaimo, Jr.
Marketing Manager
Email: info@ranzal.com
Phone: 914.253.6600

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