DRM Webinar Series, PART 1: Barriers Preventing You From Getting Started?
- 1. Greg Briscoe Director, Governance and MDM Delivery, US-Analytics How to Save 30% on Your General Ledger Redesign/Upgrade with DRM Oracle Data Relationship Management & Governance 11.1.16 PART 1: Barriers Preventing You From Getting Started With DRM?
- 2. 2 Agenda Introductions1 Myth 1: âDRM only supports financeâ2 Myth 2: âIt wonât help with my current priorities (M&A, ERP project, cloud, etc.)â 3 Myth 3: âDRM is too expensiveâ4 Myth 4: âDRM projects take too longâ5 Key Takeaways and Next Steps6
- 3. 3 Director of Governance & Master Data Management Sales & Services Meet Greg ď§ Has been working with Oracle products since 1990 â the past 13 years have been focused on Oracle Data Relationship Management (previously with Razza Solutions, and Hyperion) ď§ More than 30 years experience in finance and developing business technologies ď§ Experienced in project, program, and quality management for implementation delivery and software development ď§ Successfully managed multiple projects with budgets in excess of $70 million ď§ Has been involved in all aspects of consulting â as a Director of Oracle Consultingâs Hyperion and BI data integration team for over 5 years, Greg provided support for Engagement Management, Solution Design, Project Management, and Services Sales
- 4. 4 Want to Hear Audio With This Presentation? Download the Webinar Replay!
- 5. ABOUTUS-ANALYTICS Managed Services Upgrades & Migrations Implementations Infrastructure Process & Advisory Services Big Data Data Governance Business Intelligence Financial Close & Consolidation Planning & Forecasting Solutions Data IntegrationTraining Accolades â Original Oracle Hyperion and Pillar Partner â Oracle Hyperion Financial Management 11 â Oracle Hyperion Planning 11 â Oracle Essbase 11 â Oracle Data Relationship Management 112013, 2014, 2015 2015 Oracle TOLA EPM Partner of the Year
- 6. 6 US-Analytics helps hundreds of the nationâs largest and brightest companies bridge the gap between business goals and IT deliverables.
- 7. 7 Oracle Principal Solution Consultant â Data Relationship Management (DRM) Meet Anne Marie ď§ Has been working with Oracle solutions since 1998 â the past 13 years have been focused on Oracle Data Relationship Management (previously with Razza Solutions, and Hyperion) ď§ Has been a telecom customer (Cincinnati Bell), an FS customer (Fifth Third), a Hyperion Global Domain Leader (came to Oracle first via Hyperion acquisition), a partner doing DRM implementations (The Hackett Group), a partner doing MDM strategy design for customers, and back at Oracle 5+ years as an SC ď§ Strong financial services industry experience, as well as experience in many other industries ď§ Directly engaged with pursuits/projects at GE Healthcare, Deutsche Bank, Northrup Grumman, Wal-Mart, Macyâs, Aviva, Experian, Asurion, Commonwealth Bank of Australia, and many others
- 8. 8 âDRM only supports finance.â ď§ DRM history lesson: It is not built for any specific domain â it is domain-agnostic ď§ DRM goes beyond finance operations and reporting, beyond Chart of Accounts â to change management needed around other domains such as product, site, vendor, sale channel, etc. ď§ DRM application goes beyond ERP, beyond financial and reporting systems, beyond on-premises solutions â to supply mappings to ETL tables, to support cloud apps, and more ď§ DRM integrations support analytical and operational systems and processes
- 9. 9 Single Version of the Truth Oracle Hyperion Data Relationship Management $8.5 billion turnover and 22,000 employees Over 1,200 banking centers 65 users of Oracle DRM Before ⢠Required technology infrastructure to support rapid growth through acquisitions ⢠Need to standardize reporting templates, manage global changes and provide accurate, credible data ⢠Inconsistencies of dimensional data throughout systems and applications, manifested themselves at the financial reporting level After ⢠Reduced costs via centralized maintenance of dimensional data ⢠Established consistent enterprise dimensions across Oracle OFSA, SAP, DB2, Hyperion, and 40 other minor systems ⢠Created ultimate system of record and system of entry for financial master data
- 10. 10 Evolution of DRM ERA RELEASE BRANDED AS ⌠CORE TECH KEY NEW FEATURES 2000 1.x â 4.x Bank One HCS / CCS ⢠Client-Server (2-tier) ⢠âThickâ client 2002 5.x â 8.x Mazlo (briefly), then Razza Dimension Server ⢠N-Tier architecture ⢠Import, blend 2005 9.x Hyperion MDM 2008 11.x â 11.1.1 Oracle DRM ⢠Focus on Oracle DB ⢠Open API 2010 11.1.2 Oracle DRM ⢠Browser-based client ⢠64 bit server ⢠Unicode support ⢠Multi apps per server ⢠Integration to EBS, EPMA ⌠⢠BPEL workflow integration (WDK) ⢠Metadata migration + App Templates ⢠Anonymous read-only access 2013 11.1.2.3 Oracle DRM Oracle DRG ⢠JavaScript for properties & validations ⢠Embedded governance & workflow ⢠Enhanced integration (continuing) 2015 11.1.2.4 Oracle DRM Oracle DRG ⢠Updated application architecture ⢠Key enhancements to governance & workflow
- 11. 11 Industry Standard and Widely Deployed Over 1,500 DRM Customers Globally! PUBLIC SECTOR LIFE SCIENCES AND HEALTHCARE RETAIL HIGH TECHNOLOGYMANUFACTURING & DISTRIBUTION COMMUNICATIONS MEDIA & UTILITIES FINANCIAL SERVICES
- 12. 12 Office of Finance ⢠Alignment across multiple GLs/reporting ⢠Finance transformation or CoA redesign ⢠Mergers, acquisitions, divestitures ⢠G/L migration ⢠Shorter close cycles Analytics ⢠Aligning disparate source hierarchies ⢠Accelerate deployment of new dimensions ⢠Define consistent profitability models ⢠DRM adds value for non-Oracle platforms Non-Financial Reference Data ⢠Complex product hierarchy management ⢠Geo, sales territories, retail locations, etc. ⢠Codes sets & mappings (e.g. Healthcare IC9/10âŚ) ⢠May have overlap with other MDM products Governance ⢠Governance is the new âhot topicâ ⢠DRM (with DRG) is foundational for enterprise data governance Typical DRM Uses Start in one of these areas and expand to others in subsequent phases
- 13. 13 Hierarchies Reference DataGolden Record ⢠Geographies, Currencies ⢠Categories, Codes ⢠Types, Lookups ⢠Standards, Nomenclatures ⢠Business Taxonomies ⢠Corporate/Org Hierarchies ⢠Product/Brand Hierarchies ⢠Chart of Accounts ⢠Rollup Reporting Structures ⢠Approval Hierarchies ⢠Multi-dimensional Structures ⢠Customer, Contact ⢠Product, Item ⢠Vendor, Vendor Contact ⢠Asset: Land, Equipment ⢠Financial Account, Legal Entity Reporting Attributes Come From Many Sources Look for a first phase scope that is quick to value and visible to the business
- 14. 14 âDRM wonât help me with my current priorities (M&A, ERP Projects, etc.)â ď§ DRM goes beyond Finance operations & reporting, beyond Chart of Accounts â to change management needed around other domains such as product, site, vendor, sale channel, etc. ď§ DRM application goes beyond ERP, beyond financial & reporting systems, beyond on-premises solutions â from supply mappings to ETL tables to support cloud apps, and more.
- 15. 15 DRM for Projects ERP Upgrades, Redesigns, M&A, Consolidations, Divestitures, Restructures⌠Financial Transformation & ERP Support Business Transformation & Alignment Enterprise Performance Management ⢠Chart of accounts mgmt ⢠GL consolidation / reduction ⢠GL migration / upgrades ⢠EBS / PSFT / Fusion co- existence ⢠Consolidation hierarchies ⢠Account mappings ⢠Corporate (B2B customer) hierarchies ⢠Salesperson / territory hierarchies ⢠Employee / role hierarchies ⢠Supplier hierarchies ⢠Business taxonomies ⢠Planning hierarchies ⢠Consolidation hierarchies ⢠Management & financial reporting hierarchies ⢠Profitability structures
- 16. 16 Legacy ERP EBS r11 Example: ERP Upgrade Accelerate Transformation EBS r12 Oracle DRM ⢠Load ⢠Compare ⢠Blend ⢠Validate ⢠Delegate ⢠Remediate
- 17. 17 Master Data and Reference Data Domains: How to Manage These? Overlap exists and is different by industry (and even by company) Geo/vertical Customer Product/Items Trading Partner Location Supplier Jurisdiction
- 18. 18 DRM Unique Features ⢠Load and analyze multiple versions of source hierarchies and reference data ⢠Blend hierarchies from multiple sources (create one source for the truth) ⢠Compare hierarchies side-by-side, create scrub reports, configure validations to ensure consistency of member names and descriptions DRM Benefits ⢠âFuture stateâ hierarchies can always be compared against earlier âcurrent statesâ to identify evolving changes ⢠Supports a rapid âwhat-ifâ prototyping methodology ⢠Collaborative, multi-user, secure environment with complete audit trails Analyze & Align Multiple Versions of Dimensions DQ with DRM
- 19. 19 DRM For Non-Financial Purposes 1. Dunn&Bradstreet 2. Product/Sales Channel Alignments 3. Geography 4. Customer Rollups 5. Vendor Management 6. Oil Well Drill Head Locations 7. Bank Branch Locations 8. Approval Hierarchies for Brokerage Trading 9. Human Resources 10.Hyperion Foundation Services User Security administration 11.LDAP active directory management 12.Nielson Retail Product Sales feeds 13.Documentation Repository Non-Financial Solutions Customers have managed using DRM
- 20. 20 âDRM is too expensiveâ ď§ Get creative for pricing â multiple options including ULAs, starting small, aligning with project budgets or multiple team budgets ď§ Scope by domain, by system, by project ď§ Make sure you know what you are trying to solve â DRM & Master Data ď§ Decide on a roadmap with phases that consist of quickly attainable scopes
- 21. 21 It pays to be world-class: significantly lower total cost of finance as a percentage of revenue Enterprise Data Quality
- 22. 22 Do you trust your data?
- 23. 23 1 in2 54% Half Companies have abandoned a cloud app in the last 3 years due to integration problems Of businesses have missed project deadlines in the last 6 months due to cloud integration problems Of cloud adopters have tried and failed at cloud integration Cloud Integration?
- 24. 24 DRM Integration with the Cloud Public or Private Cloud On-Premises (Or Managed Cloud) Oracle Data Relationship Management Integrated to Support Hybrid Deployments: Manage hierarchies and attributes across both on-premises & cloud applications Features: Manage ChartFields, and People Trees, hierarchy relationships & attributes; export to PeopleSoft on-premises or cloud Planning & Budgeting Cloud Service Multiple Planning Applications SalesForce.com EPRCS DRM enables hybrid cloud coexistence to align dimensions between on-prem & cloud-based solutions DRM Managed Cloud is available today. 14+ live customers.
- 25. 25
- 26. 26 All your information â available when you need it, where you need it. DRM Supports a Flexible Integration Framework Governance Services ⢠Governance and human workflow ⢠Complete end-to-end auditability Point to Point Integrations ⢠Flat-files, Database Tables, XML ⢠Java / SOAP / C++ / BPEL / BPM ⢠ELT/ETL Tools Real Time Events ⢠Configure business process monitoring, data quality checks across applications Cloud Support ⢠Adaptable and flexible to simplify the complex problem of business integration; public APIs for standards based integration with third-party apps Internet Browser Support ⢠Bulk change support via spreadsheet Governance Services Public APIs Direct Integrations Maximizing Inter-operability With DRM Real Time EventsCloud Applications
- 27. 27 DRM Project Planning, Management, & Execution Leading Practices ď§ Scope Options for DRM Phased Implementations: Common Options⌠✠Multiple dimensions across a limited number of applications (like HFM, Planning, and/or Essbase) âś Quickly integrate a few apps and then grow DRM later âś A single dimension across all subscribing systems âś Focus on dimensions needed for a specific project: System Implementation, Acquisition, CoA Re-alignment ď§ Resource Planning for DRM Phase One Implementations âś Teams of 1-2 FT DRM consultants and 1-2 PT consultants for PMO, Integration, & checkpoints âś Corporate PMO or IT PMO contributes a part-time PM âś IT provides equivalent of at least 1-2 FTE for technical design & support throughout project âś BUâs / LOBs: 1-3 FTE per BU/LOB time commitment during initial training & design, CRP prep & CRPs, testing, Training, & UAT â partial time during other project phases ď§ DRM Ongoing / Production Support âś LOBs / BUâs assign a Functional administrator to support ongoing âś LOBs / BUâs assign set of users to apply changes (may occur and/or increase in count more dramatically in later phases of implementation) âś Finance and/or IT usually assign a broader System Administrator to support and manage growth â expanding DRM to manage hierarchies in other areas of the business âś IT assigns server administrator to support hardware and integrations ď§ Common Steps within Each Phase 1. Qualification & Justification 2. Requirements Gathering 3. Design 4. Project Initiation & Planning 5. Initial Development / Build 6. Conference Room Pilots (CRPs) 7. Final Development / Build 8. Testing 9. Training 10. UAT 11. Parallels 12. Deployment / Rollout 13. Support 14. Handover â Including planning for future phases
- 28. 28 âDRM projects take too longâ ď§ Get creative for pricing â multiple options including ULAs, starting small, aligning with project budgets or multiple team budgets ď§ Scope by domain, by system, by project ď§ Make sure you know what you are trying to solve â DRM & Master Data ď§ Decide on a roadmap with phases that consist of quickly attainable scopes
- 29. 29 Save Time, Avoid Excel (!), and Improve Quality & Governance DRM Value to Projects & Transformation Major projects & transformations ď§ Chart of account consolidation / restructuring ď§ Planning, budgeting, and other âwhat ifâ scenarios ď§ Finance transformation initiatives ď§ Systems upgrades and platform migrations / roll-out ď§ Product rationalization ď§ Organizational restructuring ď§ Mergers & acquisitions & divestitures Staffing efficiencies ď§ Simplify hierarchy change process in a multi-user environment Eliminate use of multiple spreadsheets ď§ Spreadsheets are inefficient: ďŞ Single-user with limited security ďŞ Hold only a static snapshot of the original data ď§ By contrast, DRM provides: ďŞ Multi-user environment with complete audit trails ďŞ Query, compare and blend functionality to identify similarities, differences, homonyms, etc. ďŞ Inter- and intra-hierarchy mappings ďŞ Validations for complex code blocks Merger activity can be some stormy weather
- 30. 30 Q&A
- 31. 31 ďź Schedule a custom demo for your organization ďź Review cost proposals, a high-level implementation timeline, and how to make DRM work in your organization Join Us Next Time! Greg Briscoe Vice President DRM/MDM Service Delivery Mobile: 512-771-2370 [email protected] www.us-analytics.com Contact Whatâs Next? Concerned You're Not Getting the Most Out of Oracle DRM? Wednesday, 11/16, 12PM
- 32. 32 Want to Hear Audio With These Slides? Download the Audio Presentation