Transforming Financial Insights with Oracle EPM
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SmarterP Solutions, founded by former Oracle executives, provides cloud-based enterprise performance management (EPM) solutions with over 300 global clients and a team of 350+ certified experts. The company focuses on managing financial processes such as account reconciliations, financial planning, and reporting, utilizing Oracle EPM software to enhance decision-making and operational efficiency. Key case studies highlight successful implementations within various industries, showcasing benefits like reduced resolution times and enhanced financial reporting capabilities.
Transforming Financial Insights with Oracle EPM
- 2. Lynn has spent over 25 years in the IT industry working across ERP, BI and product development domains with a focus on client success, sales, business development and consulting. Her previous organizations include PeopleSoft/Oracle, BellSouth, GEAC and several different healthcare organizations.
- 3. SmartERP Solutions | Global Expertise with Local Presence UAE Dubai Bangalore Hyderabad INDIA • Toronto • Boston • Chicago • Dallas • Atlanta • Austin HQ Pleasanton, CA Chennai Founded in 2005 by former Oracle Executives, Architects, and Consultants Implementation Partner Oracle Cloud, NetSuite, PeopleSoft, EBS and JDE Solutions and Services A unique blend of fixed fee Solutions and Services 300+ Clients Worldwide clients for life across various industries 350+ Employees Certified experts around the world – 24x7x365
- 4. Rajeevan Dhanaraj is the Oracle EPM practice lead for both on premise and Cloud at Smart ERP Solutions. Rajeevan has18+ years of experience in the Oracle EPM Suite of products. He has completed 29 successful implementations of Oracle EPM systems with Oracle/SAP General Ledger integration using tools including but not limited to Essbase, PBCS, FCCS, ARCS, HFM, HPCM, HCM, FDMEE, DRM, and ODIEE.
- 5. 5 Oracle EPM Cloud | Our Focus ARCS – A platform to manage and monitor the accounts reconciliation process with a worldwide visibility and control ARCS and FCCS – Helps manage and monitor the entire close process with Configurable features including Intercompany Eliminations(automated), Multi-Currency Support, Journal Workflow and Multi- GAAP Reporting Narrative Reporting & Disclosure Management – Streamlines the entire Collaborative Reporting process from content to versioning to workflow PCMS – A platform for Performance Reporting that combines Financial and Operational Data that allows users to easily perform multi-step allocations and calculations Tax Reporting - A general platform for process improvement for the corporate tax function that allows direct access to financial data from general ledgers or financial consolidation system to streamline tax provision process Planning – To model and plan across finance, HR, supply chain, and sales, streamline the financial close process, and to drive better decisions EDM – Helps manage changes in business by ensuring consistency across enterprise data and even across different applications ARC - A platform to manage and monitor the accounts reconciliation process with worldwide visibility and control FCC - Helps manage and monitor the entire close process with configurable features including Intercompany Eliminations(automated), Multi-Currency Support, Journal Workflow and Multi-GAAP Reporting Narrative Reporting - Streamlines the entire Collaborative Reporting process from content to versioning to workflow PCM - A platform for Performance Reporting that combines Financial and Operational Data, allowing users to easily perform multi-step allocations and calculations Tax Reporting - A general platform for process improvement for the corporate tax function that allows direct access to financial data from general ledgers or a financial consolidation system to streamline the tax provisioning process
- 6. Agenda Customers and Client Stories Financial Close Suite and Other Products Financial Planning What you get? Why Oracle EPM?
- 7. What solution(s) do you currently use for your enterprise performance management? A. Adaptive Insights B. Anaplan C. SAP BPC (Business Planning Consolidation) D. Blackline E. Host Analytics F. One Stream G. Excel Spreadsheets/Google Sheets H. Other I. No System Currently in Place
- 8. Uncertain Times COVID -19 “Since the outbreak, organizations have embraced the real-time analytics that EPM provides to constantly re-design their business strategies to outsmart the challenges that this pandemic has been throwing” 9/11 “Many Airline and transportation giants benefitted from the intelligent insights that EPM offered and were able to remain stable during trying times like 9/11” 2008 “Financial institutions banked on the global transparency that EPM provided to wade the stormy waters of the 2008 crisis”
- 9. Integration across all Functional Areas of Business Oracle EPM Complete Agility Intelligent & Innovative Insights (3Is) Robust Reporting
- 10. The Oracle EPM Cloud Advantage Nobulkyinfrastructure Tailoredtosuitbusinessneeds Conversionfromanylegacysystem Monthlypatches&latestversions Integrationwithmultipleenvironments,sourcesystemsandtargetsystems QuickImplementation&reducedturnaround
- 11. Is your Finance Team using manual processes such as reporting and data manipulation? A. Our process is automated B. Our process has some automation C. Our process is manual D. Unsure
- 14. 14 Intelligent Planning Financial Planning and Budgeting Solutions Capitals Planning and Budgeting Solutions Workforce Planning and Budgeting Solutions Projects Planning and Budgeting Solutions Strategic Planning and Budgeting Solutions Budget Forecast Strategic Plan Precision Planning Bottom-Up Driver and Trend-based Planning Allocations and Consolidations Rolling Forecasts Predictive Planning Iterative and assumption- based forecasting Integrated to LRP and Oracle Fusion Cloud Finalizing Targets Driver-based Multi-Scenario modeling Risk definition for organizational overhaul, M&As Top-down
- 15. 15 Planning| What you get? Financial Planning Capital Assets Planning Workforce Planning Projects Planning Strategic Modeling • Plethora of best-in-class OOTB features on top of customized solutions • Scalable modules that can be implemented phase-by-phase • Connected inside out
- 17. Financials Revenue-Expense Planning Accurate planning of revenue and gross margin through specific drivers Precision planning of expenses through industry best-practice drivers Pre-built integration of expenses from workforce and capital modules Balance Sheet Analysis Integration with Income and Cashflow Statements with industry specific configurations Cash Flow Analysis Fully integrated cash flow Cash Modeling from operations Planning for short, medium, and long-term time horizons Financials Planning Capital Assets Planning Workforce Planning Projects Planning Strategic Modeling
- 18. Financials
- 19. Capitals Capital Assets Planning Financial Planning Workforce Planning Projects Planning Strategic Modeling Capital Investment Planning and Management – Tangible / Intangible Cashflow and funding plans for investments and leased assets New capital assets planning Out-of-the-box calculations for depreciation and amortization during the lifespan of the asset Effective modeling of asset-related expenses Automated processes such as retirements, transfers, and improvements New and existing intangible assets planning, including cash flow planning and impairments Capital Expense review through Asset Summary Reports Variance Analysis Impact Analysis on Cash Flow, Balance Sheet and Income Statement by asset class and business unit
- 20. Capitals
- 21. Workforce Workforce Planning Financial Planning Capital Assets Planning Projects Planning Strategic Modeling Plan – Compensation expenses through OOTB driver-based planning Align – Functional to Strategic goals, while integrating with HCM (Oracle/Others) Maintain – Complex employee expense calculations with hi-tech wizards And through SWP, Strategically align the organization’s long-term strategy and expense planning with HR’s strategy for hiring and training
- 22. Workforce
- 23. Projects Projects Planning Financial Planning Capital Assets Planning Workforce Planning Strategic Modeling Model all project types Long- and Short-Term Projects’ Cost Planning using OOTB drivers for Internal projects, such as IT, R&D, marketing campaigns Contract-based projects Projects across more complex industries, such as construction, engineering, and professional services Detailed Project Planning Planning at expenses at individual employee level Planning asset-related costs Track project performance Use of prebuilt metrics to track revenue, expenses and cash flow Leverage performance indicators such as NPV, payback, and ROI
- 24. Projects
- 25. Strategic Modeling Strategic Modeling* Financial Planning Capital Assets Planning Workforce Planning Projects Planning Align Strategy with Plan Align the organization’s strategic plans with the operational plans Model for Uncertainty Stay ahead of the frequent uncertain curve balls that the extrinsic forces may throw at the organization through scenario analysis Optimize Capital Structure Grow leaps and bounds by precisely planning Debt-to-Equity Features include: LRP What-If and Scenario Analysis Monte Carlo Simulation Predictive Planning and Auto-Predict Process Automation *Included in EPBCS
- 26. Elevated User Experience • Role based Navigation Flow • Convenience • Security • Precision • Approval Structure • Desktop, Laptop and Mobile accessible • Real-time data • Oracle Smart View for Office Jane Doe Jane Doe
- 27. In what areas would you ideally like to see your performance management process improve? (Please select all that apply) A. Planning B. Budgeting C. Strategic Modeling D. Forecasting E. Data Consolidation F. Reporting G. Analytics H. Allocations I. Investment Management J. Tax Reporting K. None of the above
- 29. Account Reconciliation Cloud Automated account reconciliations High volume transactional reconciliations Journal Entries Zero-Balance reconciliations Intercompany reconciliations Auto-suggested matches Provides visibility and control over the entire process and real-time reporting Customizable formats, rules and account profiles Ensures all reconciliations are correctly qualified with automated variance reports and compliance dashboards Evidence Audit support Full integration with the Close process
- 30. Financial Consolidation and Close Configurable features include Intercompany Eliminations (automated), Multi-Currency Support, Journal Workflow, and Multi-GAAP Reporting Customer-specific configurations will continue to work with the pre-built dimensions, reports, calculations, data entry screens, and future enhancements Built-in task orchestration and close management analysis using Task Management Ability to centrally manage and post journals Reporting using Oracle Hyperion Financial Reports, Oracle Smart View for Microsoft Office, and in-built dashboards with automated Cash-flow reporting Supporting schedules for the collection of detailed information helping support balances using Supplemental Details Out-of-the-box, yet configurable, complex consolidation support to re-classify, adjust and eliminate reported data Easy-to-create templates help with signoffs, validations, and drill- back from source to create footnotes, statement analysis, and track detailed information Financial Consolidation Currency Translation Intercompany Elimination Adjustments Financial Consolidation and Close
- 31. Tax Reporting Provides OOTB reporting for Tax provision Tax Account Roll Forward Form (TAR) Country by Country Reporting (CbCR) Calculate the tax provision(lowest level to consolidated tax disclosure) and automatically generate tax journal entries Import tax return details directly from tax return software Export tax provision and trial balance to the tax compliance software at the push of a button The corporate tax group can collaborate on local files with users around the world by incorporating tax reporting details into Narrative Reporting Data collection, calculation, and analysis can all be automated, including supporting work papers for tax provision, tax compliance, research and development (R&D) credit, uncertain tax positions, and any tax data Ability to maintain a tax calendar with important dates and workflow Tax Provision & CbCR Workflow and Tax Management Supplemental Data Dashboard
- 32. Other Products
- 33. Profitability and Cost Management Cloud Flexible and Secure Modeling Cost, Profit, Shared Services, Tax Transfer Pricing & Regulatory Costs Side-by-Side analysis of New vs. Old allocations Provides detailed data for management reporting from many systems Ownership No script models entirely owned by Business owners Business owners and experts can easily change assumptions, allocation methods Expand and changes models to match changing business Flexible Allocations Combine financial data with operational metrics and business drivers Easily model resources that are used by different parts of the company Easy-to-read cost and profit traceability maps; Step-by-Step validation reports Analysis Create and access Dashboards and Graphs, ex., Profit Curve Adhoc Analysis using SmartView GL Performance Ledger (Secure Sandbox) Data & Dimensions outside of GL Performance Management Reports Profitability and Cost Management Cloud
- 34. Narrative Reporting Source Allows working with current data from Oracle and non-Oracle sources Allows combining data with textual narration in a single report Comes equipped with a Report Writer - lets to bring in charts and grids sourced from Oracle Cloud EPM, Oracle Cloud Financials, and Oracle Essbase Security Secure access for authoring and reviewing processes Visibility of changes and contribution with a full audit trail Roll-over previous reports to reuse common content Publication & Distribution Group, distribute, and access report content securely via mobile, web, or Microsoft Office Review content using SmartView External & Regulatory Reporting Annual Reporting Country by Country Reporting (CbCR) Publish in multiple regulatory formats Report Packages • The unifying structure for any report that provides content, workflow, and process management. • Made up of Doclets – existing Word, Excel, PPT, PDF reports or Management Reports from Enterprise Performance
- 35. Enterprise Data Management A system of reference that helps manage and govern structural changes across the organization Transformational Routine Visibility across Oracle and non-Oracle applications Flexibility to work in hybrid and multi-cloud environments Power of 4 As Accelerate Cloud Adoption Assimilate Business Transformation Align Enterprise Applications Audit Governed Assets Request-driven approach Record, Visualize, and Validate changes Adaptive workflows for approvals, RACI framework
- 36. FreeForm SaaS alternative to Essbase solutions An application with NO dimension requirements Open dimensional solution Simple application creation process Importing Essbase Outline or Migrating a Snapshot from an on-premise deployment 11.1.2.400, or Creating BSO Hybrid Cube using application wizard, or Creating ASO Hybrid Cube using application wizard Preserved ability to leverage Planning capabilities Support Groovy scripts for custom functions and business rules for calculations Available with EPBCS One application per service instance Can be accessed using Oracle Smart View for Office or Oracle Enterprise Performance Management Cloud screens
- 37. Our growing clientele
- 38. CLIENT JOURNEYS
- 39. We are excited to dive into the new system Victoria Heinz Finance Controller CASE STUDY Home Sales Management About Client Background Key Benefits New Home Star is a modern new home sales management firm with a vision to leverage technology and top sales talent to drive smart sales processes. They focus on the growth and performance of their sales professionals, providing excellent career paths and training opportunities to build a dynamic team of sellers that’s always advancing. Initiative Move to the Cloud Organization Size 700 The engagement started in 2022 when NHS selected SmartERP for the Oracle Cloud ERP / EPM Implementation. The successful Go Live of the Project happened on Jan 1st, 2023, and currently SmartERP is the support partner. • Overall reduction in open tickets and time to resolution • Fewer application issues after Oracle releases • Timely support during month end close and troubleshooting and development of financial reports
- 40. SmartERP has delivered what we need, how we needed it! Dalerick Carden Finance Controller CASE STUDY Reinsurance About Client Background Key Developments Crawford & Company is the world's largest publicly listed independent provider of claims management and outsourcing solutions to carriers, brokers and corporates, with an expansive global network serving clients in more than 70 countries. Initiative Move from a legacy system Organization Size 9000 Global EPM and ARCS implementation went live in 2021 and EDM in 2022. Included transitioning from legacy systems and supporting multiple source systems. SmartERP is currently the support partner for the 3rd year since implementation. • Seamless Financial Report Bursting to senior management on a monthly basis. Total no. of reports: 300+ • Consolidated Allocations from “n” number of combinations from legacy systems curated into a handful of highly effective custom business rules. • Quick monthly close process through automated reconciliations and custom formats built in ARC. • Centralized management of “Master Data” through EDM.
- 42. A. Just Smart Form I-9 (Free) B. Both Smart Form I-9 and E-Verify (Free) C. Smart Applications with Smart Onboarding ($) D. Full Suite with HR Integration ($) E. Full Suite with HR Integration plus other apps ($) F. Not Sure? Use the question feature in your Zoom application
Editor's Notes
- #18: Can do Revenue & Expense Planning using Drivers & Trend based formulas There are several OOTB Trend based like Actual Average, Prior Year Actuals, Prior Year Actual aveage with Seasonality, etc This leads to accurate planning of revenue and expenses There’s a seamless connection between Capital and Workforce modules to capture Depreciation & Compensation expenses Respectively
- #20: With Capital Module, you can Plan your assets both tangible and Intangible assets The Application has a seamless Depreciation and Amortization and it flows into Income statement of the financials seamlessly This module has a connection with Projects planning, if you want to capitalize a Capital Project. Cash Flow Analysis and Asset Management is very simple and straightforward.
- #22: In the Workforce Module, you have options to plan compensation expenses at Department/Entity level or at an individual employee level Workforce has capabilities to calculate salary and Benefits and the ability to configure state based taxes and benefits along with Federal Taxes Once the Compensation expenses are calculated, these expenses can also be seamlessly pushed to Financials to impact the Profit and Loss Statement
- #24: Projects Module provides great amount of planning for Revenue Projects, Internal Projects, Capital Projects & Cost Plus Project. The Capital projects is an excellent module to plan a Capital Project and capitalize to a Capitalized Asset You can plan Revenue projects and the revenue can be pushed to Financials seamlessly
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- #30: The Account Reconciliation Module is a essential tool for Finance Controllers to ensure the General Ledger and Sub Ledger Balances, also the GL Balance and the Bank Balance matching. Several OOTB profiles ensure easy and efficient reconciliation The Transaction Module helps in matching High Volume transactions between systems such as Billing and Bank transactions Read from slide
- #31: It’s not HFM in cloud, it’s based on much powerful Essbase Engine Mobile Ready, can be used with Phone or tablet Close Manager combines task from all modules like EPBCS, ARCS & FCCS Contributions, Consolidations & Equities Share can be Managed in FCCS Multi-GAAP compatible Supplemental Data can be captured in this system Most of old HFM rules are OOTB in FCCS
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