If you're struggling with a place to store/consolidate/reconcile Excel spreadsheets and unstructured, textual data from sources outside your existing EPM tools, this webinar is for you! Supplemental Data Manager (SDM) is a new module included with Hyperion Financial Close Manager (FCM) version 11.1.2.4 released earlier this year. During the webinar we will provide examples of how SDM can be used to centralize data collection of textual and unstructured data, and provide controls around processes which are currently very manual and spreadsheet/email-driven for most companies.
Financial footnotes are required for SEC compliance and are an integral part of Financial Statements. The SDM module helps companies streamline the supplemental data collection process and introduces visibility as well as efficiency into the process. It provides a simple user interface to design flexible data models required for collecting complex information from stakeholders for Financial footnote disclosures.
Webinar content will include:
SDM Introduction & General Product Overview
SDM Key Product Functionality
Metadata\data integration with Oracle Hyperion Financial Management
Posting\Drill back to\from Oracle Hyperion Financial Management
Flexible attribute creation and formatting
Data Validations and Calculations for attributes
Configurable frequencies\data collection periods and unlimited levels of approval
Flexible data set design enabling administrators to create custom data entry forms
Powerful filtering and ad-hoc reporting capabilities
Pre-built dashboards for monitoring status of the data collection process
Full integration with Smart View to simplify data entry
SDM Use Case Overview
SDM Module Demo
Design Approach for Implementation
Presenter: Erich Ranz
Understanding Discord NSFW Servers A Guide for Responsible Users.pdf
Supplemental Data Manager - What is it? What are some use cases? How do I get it?
1. www.finitsolutions.com
Getting the Most Out of EPM:
Supplemental Data Manager
What is it? What are some use cases? How do I get it?
July 24th, 2015
Erich Ranz (eranz@finitsolutions.com)
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• Founded in 2002
• 75+ employees in 20+ states
– Mostly CPAs, MBAs
– We have extensive Hyperion product and financial reporting
backgrounds
• 50+ Planning / Essbase Clients
• 80+ HFM Clients
– Managed several of the largest EPM projects in the U.S.
– Including the largest roll-out of HFM in North America
• Market Leader in ARM/FCM
• World Leader in FDM implementations and custom solutions
Finit Overview
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EPM Services
• Finit Answers
– Technical Support
– Functional / Admin
Support
– Access to Hyperion SMEs
– Dedicated support team
and guaranteed response
times
– Customer Service Focus
– Flexible Time and
Material support
packages
• ‘Pay as you Go’ option
• Oracle Financial Close Suite
‒ Hyperion Financial
Management
‒ Financial Close Manager
‒ Account Reconciliation
Manager
• Hyperion Planning & Essbase
• Infrastructure
• Data Services
• Project / Program
Management
• Redesign / Enhancements
• Product Upgrades
• Application enhancements /
redesign
• Performance optimization
Dedicated
Support
Upgrades
Full Cycle
Implementations
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• We make and deliver personalized financial
reporting solutions and experiences.
– By listening, questioning, and analyzing
– By building relationships
…not company to company, but person to person.
– We are Makers and Doers
WHY is Finit Here?
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We Run Finit like a Family
• Invest in our employees
• All owners actively involved in the
business
• No debt or external owners
– Prioritize the customer, not profitability
• Long term stability
– Hire employees, not subcontractors
• Compensation model based on client
satisfaction
HOW do we achieve our beliefs?
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Our values, culture, and approach to
becoming a trusted advisor to customers
has led to 100% customer success for
every Finit client (220+) and for every
Oracle Hyperion project (400+)
Finit Customer Success
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About the Presenter
Erich Ranz
(eranz@finitsolutions.com)
• Eleven years Oracle EPM experience
– HE admin/FP&A at Gentiva Health
Services
– Finance/Corp Compliance at Sprint
Nextel
– HFM/FDM admin at Koch Industries
– HFM Team at Finit
• Based in Wichita, KS
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• SDM Introduction & Product Overview
– Product Introduction
– Use Case Overview
– SDM Key Product Functionality
• Use Case Review and Demo
• Design Approach
• Summary
Agenda
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• Module within Financial Close Manager (FCM)
– Joins ARM (Account Reconciliations Module) and CM
(Close Manager) as modules of FCM
• All FCM modules licensed together
• SDM released in 11.1.2.4
– CM released in 11.1.2.1
– ARM released in 11.1.2.2
– SDM released in 11.1.2.4
• Part of Oracle early adopter program
SDM Introduction
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• Centralized workflow and collection solution for
Supplemental, Textual and Unstructured
information
• Ability to combine Financial data with
Commentary and Text
• Flexibility to allow for different schedules and
layouts per submission needs (i.e. Debt schedule
requires 12 fields but Operating Lease schedule
requires 6).
Product Purpose
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• Smart View
– Data Entry
– Reporting
• HFM
– Metadata pulls from
– Source data upload to
– Drill-back
• Consistent Versioning (all on 11.1.2.4)
SDM Integration with EPM
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• Dashboards
– Mostly for status (Completion, open, etc.)
• Form Analysis
• Reporting via BI Publisher Add-In
– SQL Query Based (similar to FDMEE reporting)
– Very Flexible
– Some learning curve will exist
Internal Reporting and Analysis
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• Manual email based collection and consolidation
of supplemental data
• Text & Commentary challenges with EPM
Applications
• Offline Templates
• Lack of Reporting and Analysis
• No centralized workflow (Email based)
Problems SDM Solves
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• Example: Roll-Forward Schedule
• Details: Financial data is collected on all members
/ fields and aggregation / consolidation and
translation occurs on all members.
• Current Pain Points: Not Many
– HFM Web Forms handles this task well
– May run into dimensionality constraints in select
cases.
Case #1 – All Data
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• Example: Bridge Analysis
• Details: Financial data is collected on the majority
of members / fields, but have 1 field for text
collection / commentary.
• Current Pain Points: Some
– HFM cell text usually suffices with this option.
– Cell text reporting can be difficult / hard to find
Case #2 – Mostly Data, 1 Text Field
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• Example: Lien Schedule
• Details: Financial Information captured on just a
few members / fields. Most of the members /
fields require textual information.
• Current Pain Points: Significant
– Challenges in HFM applications to store multiple
points of textual information.
– Work-around HFM options to create defined metadata
members can limit flexibility (i.e. 10 generic members
are created).
Case #3 – Mostly Text, Few Data Fields
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• Example: Changes in Accounting Principles
• Details: No Financial Data is collected and only
text is stored. Text may involve many types (check
box answers, free-form boxes, drop down lists,
etc.)
• Current Pain Points: Significant
– Challenges in EPM applications to store all text and
large volumes of commentary.
– Reporting Challenges
Case #4 – All text
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• External Based (HFM) or Internal
• HFM Based
– Uses Connection from System Settings
– Pulls all HFM Metadata Members into SDM
• Internal Based
– Admin defines Members and Attributes
– Recommended if repeated across many Forms
• 1 centralized place for all Dimensions used across
all forms.
Dimensions
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• Data Sets is creation of fields for use in forms
– Think of it as the layout for an Excel workbook or
Access table.
• Fields can reference Dimensions created or can be
other Attributes
– Numeric, Date, yes / no, Text field, etc.
• Functions can exist (Sum, Average, Count)
• Calculations
– Validations, Math, Concatenation
Data Sets
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• Can Have Multiple Sections
• Reference Data Sets
• Can Have Instructions and Attachments
• Have a Workflow
• Can Have Different Levels of User Access
• Show Revision History
• Allow Posting to HFM
Forms
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• Similar to ARM Approach
• Forms are aligned to Periods
• Open Periods and Deploy Forms
Linking Forms to Periods
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• SDM Workflow follows ARM Approach
• If loading data to HFM via SDM, process steps
could be Prepare->Review->Post
– Load to HFM is in Post step
– Review step is for pre-data posting review
• SDM Workflow and HFM Process Management
may be used:
– SDM – workflow for preparer and push to HFM
– HFM – process management for sign-off
SDM Workflow
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• Detail HFM Balances Type
– Ending Balances are loaded via GL
– Form breaks out that balance into details not available in HFM
– Reporting done in HFM and SDM
– Example: Debt schedule breakout
– Key item to this type:
• Check Required (SDM Form total vs HFM total)
• Recommended storage of SDM and HFM balance in separate members
in HFM data type dimension
• GL Data is the Master, SDM is Detail Support
Type of Collection Design
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• SDM Creates Totals to Load to HFM Type
– SDM Form collects details and creates totals that are
then loaded to HFM.
– HFM totals are only loaded via SDM
– Reporting done in HFM and SDM
– Example: Total of Non-Compete Agreements
– Key item to this type:
• No Check Required b/c SDM creates the total
• SDM data is Master as no Source / GL data exists
Type of Collection Design
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• Data Only Resides in SDM
– SDM Form collects details and creates totals that only
exist in SDM and are not uploaded to HFM.
– All reporting done in SDM only
– Example: Questionnaire
– Key item to this type:
• No Check Required b/c SDM creates the total (if applicable)
• No Upload to HFM
Type of Collection Design
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• Consolidation, Translation, Elimination
– Members / fields that should be consolidated across
entities, or require translation and / or elimination.
• Analytical Reporting
– HFM vs SDM Reporting
• Load, Workflow and User Experience
– GL (FDMEE) and SDM loads and data protection
– SDM Workflow vs HFM Process Management
HFM vs SDM Considerations
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• Hard-Coded Point of View with Forms by Period, Year, Entity,
Scenario = Hard to Scale
• Dimensions are Flat
• Workflow & Design similar to ARM, not HFM
• Currently No Data Pull from HFM for Validations
• Very Flexible in creating Forms
• Requires design of what should stay in SDM versus what should go
into HFM applications
• SDM Excel Add-in not with Smart View
• Database is Relational and Designed to Handle Very Large
Recordsets
Key Take Away Items
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Next Finit Webinar-
Data Options with Hyperion Planning and Essbase
Including Mapping, Loading, Moving and Reporting
Friday, August 14th
Getting the Most out of EPM
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Questions?
Email us for a
copy of the slides or
link to the recording.
Thank you for attending!
- > Erich Ranz
(eranz@finitsolutions.com)
- > Insights@finitsolutions.com
- > General Questions
Greg Barrett
(gbarrett@finitsolutions.com)
Joe Mizerk
(jmizerk@finitsolutions.com)
