1.
Closing in on Full Parity with FCCS
March 9, 2018
Geordan Drummond

2.
Finit Overview
• Founded in 2002
• 90+ employees in 20+ states
• Mostly CPAs, MBAs
• Gold Level Oracle Partner
• 300+ Clients – all CPM / EPM
Focused
• 1,000+ CPM / EPM projects
• 150+ HFM projects
• Managed largest roll-out of HFM in
North America
• 175+ FDM projects
• World Leader in FDM implementations and
custom solutions
• 100+ Planning / Essbase projects
• 40+ OneStream Clients (Market Leader)
• #1 Implementer of OneStream
• Platinum Partner

3.
The Finit Family
Fully aligned with
our clients, not just
bottom line $
No debt or external
ownership
Work with Finit
employees, no
subcontractors
Compensation
based on CLIENT
SATISFACTION
PRIVATELY
OWNED
CLIENT
SATISFACTION
NO
SUBCONTRACTORS
DEBT FREE

4.
Finit Customer Success
Our values, culture, and approach to
becoming a trusted advisor to our
customers has led to
100% customer success
for every Finit client (300+) and for every
Finit project (1,000+)

5.
Some Finit Clients

6.
Questions

7.
Upcoming Cloud Webinars
• Friday, March 23 – Breaking Through the Cloud:
Intro to Planning in the Cloud
• Presented by Chuck Usher

8.
About the Presenter
Geordan Drummond
(gdrummond@finit.com)
Experience
• Oracle Certified Implementation Specialist – FCCS
• Oracle Cloud Certified Specialist – EPRCS
• Oracle Cloud Certified Specialist – PBCS
• 9 years experience as a Financial Close Product
Manager
• 8 years experience as Financial Systems Analyst
Certification/Education
Master of Business Administration – Temple University
Bachelor of Business Administration – University of
Notre Dame
Professional Summary
Geordan is based in Philadelphia, PA and has worked in all facets of the software industry for
over 20 years. He has hands-on experience with all the close-related Oracle products, both
cloud and on premises. Geordan has also worked with the Oracle Product Management team
on enhancements and new product functionality.

9.
Oracle EPM On-Prem/Cloud Product Equivalents
HFM
FCCS
EPRCS
FCM Suite
CM SDM ARM
FDMEE
Disc Mgmt
DRM
HP HSF
OBIEE
ARCS
Data
Mgmt
Data
Mgmt
TRCS
Fin
Rptg
Fin
Rptg
Mgmt
Rptg
Disc
Mgmt
PBCS /
EPBCS
OAC
EDMCS
Data
Mgmt
PCMCS
Fin
Rptg
Close
Mgmt
Supp
DataData
Mgmt
Close
Mgmt
Supp
Data
BICS
Data
Mgmt
Close
Mgmt
Supp
Data
HTP
Essbase
HPCM

10.
FCCS – Financial Consolidation and Close Overview
• Main Features
• Consolidation application based on PBCS platform
• Out of the box content
• Seeded dimensions
• Business rules
• Consolidation / Eliminations
• Translation / Overrides
• Rollforwards / Cash Flow
• CTA
• Forms
• Dashboards
• Close Management
• Supplemental Data Management
• Data Management
• Financial Reporting

11.
The Close Process
SL/GL Close Consolidation
Internal
Reporting
External
Reporting
Close Management
Core Consolidation / Reporting
Supplemental Data
Data Management

12.
What is your parity criteria?

13.
Product Timeline – Noteworthy Feature Additions
Product introduced in
May
Smart View write-back
Data Management
CM/SD standalone
Alternate Entity
hierarchies
2016
Configurable translations
CM/SD improvements
Copy/Clear data
Integrated process flows
Simplified UI dimension
editor
Configurable
calculations
CM task integrations to
other services
2017
Ownership management
Metadata validations
Journal Attachments and
Auto-Reversing type
Extended custom
dimensionality
Custom consolidations
Equity Pickup
2018 +
Full listing of changes at: https://cloud.oracle.com/en_US/saas/readiness?offering=fcc

14.
Dimensionality Comparison
FCCS HFM
Scenario Scenario
Years Year
Periods Period
View View
Entity Entity
Account Account
Intercompany ICP
Consolidation Value
Currency Value/Custom
Movements Custom – Rollforwards
Data Source Custom – Data Type
Custom…up to 6 more Custom…up to 80 or more

15.
Feature Comparison – Calculations and Processing
Feature FCCS HFM
Standard Eliminations Yes Yes
Ownership Management Yes – but no shares Yes
Custom Calculations Yes – Calc Manager or Member Formulas Yes – Calc Manager or VBScript
On-Demand Calculations No – technically feasible but not available now Yes – launchable from form or consolidation
Custom Translations Yes – guided process or Calc Manager Yes – Calc Manager or VBScript
Custom Consolidations Not yet – coming later in 2018 Yes
Equity Pickup Not yet – coming later in 2018 Yes
Org by Period Yes – via PCON (does not filter metadata in POV) Yes – via Active (filters metadata in POV too)
Member Lists No – but there are Smart Lists and filters in FR Yes
Process Management Yes – Approval Units (enhancements coming) Yes
Phased Submissions No Yes
Automation Yes – EPM Automate / Close Management Yes – Task Flows

16.
Feature Comparison – Reporting and Admin
Feature FCCS HFM
Metadata Management Yes – Web and Smart View Yes – Web (EPMA) and Client
Intercompany Matching Report Yes Yes
Migrations / Copies Yes – LCM Yes – LCM, Import App, App Copy
Structured Reporting Yes – FR or MR (via EPRCS) Yes – FR
MS Office Add-In Yes – Smart View Yes – Smart View
Dashboarding Yes – Integrated No – OFMA or OBIEE
Journals Yes Yes
Journals in Smart View No Yes
Dimension Security Yes – directly applied to hierarchy Yes – via classes
Role Security Yes – limited (13) Yes – extensive (60)
Close Management Yes – Integrated No – requires FCM suite license
Supplemental Data Yes – Integrated No – requires FCM suite license

17.
Metadata Management
FCCS:
• Editing in web or Smart View, attributes on a
hierarchical basis
• Attribute drop-downs, fills, validations
HFM:
• Client, EPMA, or flat file – attributes either one
member at a time or for all members in a flat list
• Copy/paste/type attributes

18.
Custom Translation
FCCS:
• Create rules using guided UI or Calc Manager
HFM:
• Create rules using VBScript

19.
Audit Trails
FCCS:
• Audit Information in one place
HFM:
• Task Audit, Data Audit, Shared Services,
Metadata Diff log, EPMA…

20.
Ownership Management
FCCS: HFM:

21.
Additional FCCS features
• Forms
• “Start Expanded” for hierarchies
• Validation rules
• Business rule execution options
• Journal attachments upon submission
• Copy / Clear data includes journal details and not
just base data

22.
Additional FCCS features
• User Defined Attributes more
extensible than UD fields (not
limited to 3)
• Dashboards go beyond FR or
Grid/Form charts – and easy to
design/update
• Activity Reports - usage tracking
• All reports are in one place (FR, I/C,
Journal)
• All forms are in one place (Data,
Supplemental)
• Customization of Navigation Flows
• Unified Business Processes (with
other services)

23.
Wishful thinking
• It would be great to have more than one
thing open at a time, e.g. forms
• Tabbed interface introduced in HFM
11.1.2.2 allowed for this
• Ability to add Dimension Management
card
• Right now buried under Application /
Dimensions / Edit
• Drill into descendants of shared members
• This is a Planning/Essbase limitation
• Logging of Business Rule changes
• Only execution/deployment is
currently logged

24.
Evaluation Considerations
• Revisit your requirements – take a fresh look
• Review what you are doing in your application today
• See what you might gain from additional functionality
• Determine how much data and functionality from your
existing application is essential to retain
• Match your revised requirements with the functionality
available
• Proof of Concept (POC) approach may assist you in your
evaluation process

25.
Implementation Steps
• Confirm requirements
• Design phase consists of determining:
• Out of box functionality to leverage
• Equivalent HFM functionality
• Additional functionality
• Custom functionality to build
• Remap, convert, and tie out data
• Some integration elements (e.g. mapping) can be reused
• Reconciliation time can be lessened by porting over fewer time
periods

26.
Questions?

27.
Thank you for Attending!
Today’s Presenters:
Geordan Drummond
gdrummond@finit.com
Copy of the slides or Recording:
Email us for a copy of the slides or a link to
the recording
insights@finit.com
Past webinars:
www.finit.com/webinars
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