2. AGENDA
§ The Consolidation Process
§ What is Hyperion Financial Management?
§ Hyperion Financial Management Solutions
§ Summary
3. CONSOLIDATION AT-A-GLANCE
Collect Data Calculate & Adjust Report
⢠Gather from multiple &
disparate applications
⢠Store data in a
centralized repository
⢠Generate financial
statements,
managerial reports,
and perform ad hoc
analysis
⢠Apply FASB and IFRS
consolidation rules
⢠Perform currency
translation & aggregation
4. § What is Financial Consolidation?
§ Consolidation in financial accounting is a technique that summarizes a group of
companies' financial statements into one. This offers the benefit of viewing the whole
group's financial information together to see how all companies are doing combined.
§ Increasingly, global organizations need to integrate data from multiple transactional
systems, transition to new international financial reporting standards, and improve their
transparency and regulatory compliance procedures.
§ Companies use a variety of tools (spreadsheets, emails, pivots and queries) to identify
and summarize all business unit activity that interacting with other business units.
§ This can often mean thousands of transactions, all of which must be identified, reconciled and eliminated!
§ Elimination
§ Intercompany elimination refers to the process for removal of transactions between
companies included in a group in the preparation of consolidated accounts.
§ Intercompany transactions (sales, services, transfers) must be eliminated in the parent
financial statements otherwise a company could be âdouble-countingâ activity.
§ However, the process involves a lot of reporting and paperwork for intercompany
relationships can be quite complicated.
§ Data must be reviewed, reconciled and approved before process is complete.
THE CONSOLIDATION PROCESS
5. Percentage of Internal Control
Issues* by Major Category
3%
2%
7%
9%
11%
27%
1% 6%
34%
Internal Control Issues
by Major Category
By Sub Type #
Documentation Policies/documentation Issues 141
Entity-Level & Anti-Fraud
Controls
Anti-Fraud Controls 15
Compliance Monitoring 20
Control Environment 151
Financial Statement Close
Process & Disclosure
Application of GAAP/accounting policies 256
Financial statement close process & consolidation 120
Intercompany accounts/reconciliation 93
Review of significant or unusual transactions 212
IT Controls
Change controls 25
Date protection 23
Infrastructure 27
Security/user access 52
Merger Issues Merger/predecessor issues 27
Multilocation
Considerations
International operations & subsidiaries 59
Other Other 32
Personnel Issues
Segregation of duties 76
Staffing issues (levels, expertise, training) 157
Significant Account Level
Accounts payable 26
Accounts receivable 30
Accruals/restructuring costs 50
Contracts/loans/third-party transactions 75
Employeesâ benefits/pensions 38
Inventory management 55
Property, equipment, leases 83
Revenue & billing 79
Tax issues 112
Total # Internal Control
Issues
2,034
* Source: The Ames Research Group (June
30, 2005); analysis by Ernst & Young Center
for Business Knowledge
Documentation
Entity-level & Anti-Fraud Controls
Financial Statement Close Process & Disclosure
IT Controls
Merger Issues
Multilocation Considerations
Other
Personnel Issues
Significant Account Level
Financial Close & Consolidation
Process is Biggest Problem!!
6. FOREIGN CURRENCY TRANSLATION
§ How is Consolidation impacted by various currencies?
§ Businesses may enter into transactions (sales, payments,
etc.) in multiple currencies. Each business unit translates
these items to its functional currency at an appropriate
exchange rate.
§ The QBU then prepares periodic reports of its position
(balance sheet) and activity (income and cash flow
statements) in that functional currency.
§ Per accounting standards, before results are consolidated
into the parents GL, foreign currency amounts must be
translated (âconvertedâ) from the subsidiary currency into
the parent currency.
§ Different types of transactions must be translated at
different rates.
§ P&L activity (sales, COGs, expenses) must be converted at the
AVERAGE monthly rate.
§ Balance sheet activity (Cash, AR, AP) must be converted at the
ENDING monthly rate.
§ When an item is settled, the difference due to exchange
rate movement in the amount accrued and the amount
settled is treated as foreign exchange gain or loss in the
financials.
7. DIFFERENT ACCOUNTING STANDARDS
⢠How can different accounting standards worldwide impact foreign
currency transactions?
⢠Currently, most US companies with international subsidiaries are
required to account for this activity per the standards of GAAP
(Generally Accepted Accounting Standards).
⢠However, International Financial Accounting Standards (IFRS) will
be required adoption by US Companies by 2018 unless the SEC
decides to delay implementation.
Similarities
Approach
(Some
Examples)
IFRS US
GAAP
Revenue
Recognition Ăź Ăź
Fair Market
(e.g. AR or
Inventory
Valuation)
Ăź Ăź
Detailed
Disclosure Ăź Ăź
Segment
Reporting Ăź Ăź
Chart of
Accounts Not
Mandated
Ăź Ăź
Distinction
Between Tax
and External
Reporting
Ăź Ăź
Differences
Approach
(Some Examples)
IFRS US
GAAP
Fair Market
Revaluation
Fixed Assets
& Investments
Only
Certain
Fixed
Assets
Extraordinary
Items
None Rare
Consolidation Control 2 Models
Joint Ventures Proportional
OK
Only
Equity
âDevelopmentâ Capitalized Expensed
Fixed Assets Components Unitary
Leasing Financing Cap vs.
Op
Inventory No LIFO LIFO OK
Impairment 1 Step,
Reversible
2 Step,
No
Reversal
8. ADOPTING IFRS, LEAVING GAAP A FUNCTION OFYOUR DUAL REPORTING
CHOICES.
1. Many subsidiaries will retain a GL and subsystems in
compliance with either
§ Statutory requirements (foreign subsidiaries)
§ Regulatory legislation (utilities, financial services, etc.)
2. Hyperion HFM will be the main go-between from legacy
GL to financial reporting systems.
1. This is the most likely scenario for US companies.
3. Others will find that their existing GL is quite appropriate,
but that they have a few subsystem areas that will require
adjustment.
4. Others will require that they need to do something more
substantial, for example restructuring their business, up to
the point of reimplementing
Hyperion
ERP GL Multi-
GAAP Features
ERP
Subledgers
9. COMPLICATED CONSOLIDATIONS
§ As you can see, intercompany accounting can be aVERY complicated
process!
§ Due to acquisitions, intercompany activity and foreign currency accounting, getting
a real picture of the state of the total business (consolidation) can be challenging.
§ Compliance with different accounting standards, various reporting and filing
methods, disparate general ledgers and multiple currencies can be an accounting
and reporting nightmare.
§ Reviewing, matching, reconciling and accounting for multi-entity, multi-currency
intercompany transactions can often slow the monthly close process down by days
or even weeks.
§ In fact, mid-size to larger companies often retain an entire team in the accounting
department just to do consolidations!
§ Using Excel for Intercompany accounting, consolidation and translation is
not the answer.
§ Excel is a great personal productivity tool but is not designed for complex
calculations, accounting for multiple lines of business and/or entities or
complicated consolidations.
§ Additionally, Excel spreadsheets do not lend themselves to auditing, process
management, version control and approvals.
§ Companies with millions of dollars in revenue using Excel as their consolidation
tool are exposing themselves for errors, deficiencies, or material weakness in
internal control.
11. HFM - SIMPLY THE BEST
§ Multi-Currency Capability
§ Multi- Dimensionality Features
§ Automates Intercompany Accounting
§ Integrates Data from Most GL
Systems.
§ Excel Integration
§ Enterprise Collaboration
#1Financial
Reporting
Consolidation and
Analysis Tool in the
World
ÂŁ Web interface
ÂŁ Speed & accuracy
ÂŁ Finance owned
ÂŁ Align entities and divisions
ÂŁ IncreasedVisibility and
Accountability
ÂŁ Out of the box features improved
ROI
BENEFITS
FEATURES
12. HYPERION FINANCIAL MANAGEMENT
§ Oracle Hyperion Financial Management (HFM) is a comprehensive,Web-
based application that delivers global financial consolidation, reporting
and analysis in a single, highly scalable software solution.
§ HFM utilizes today's most advanced technology, yet is built to be owned
and maintained by the enterprise's finance team.
§ HFM has financial controls, workflow and best-practices built into the
platform to support:
§ US GAAP and IFRS Reporting â Sarbanes Oxley (SOX) Compliance
§ Audit Trails and Activity Logs â Intercompany Eliminations
§ Foreign Exchange Translations â XBRL Capabilities
§ In addition to the powerful features provided "out of the box", HFM is also
highly configurable to support the complex elimination and allocation
requirements specific to your organization.
§ HFM is a finance-owned, IT-supported system that allows your
organization to quickly make changes as conditions warrant but tracks
those changes to provide transparency and visibility for auditability.
§ While HFM is a web software application, it also has an add-in with
Microsoft Office (called Smartview) which allows users to forecast or
budget in Microsoft Excel, an environment comfortable to most finance
users.
14. HFM BENEFITS
§ Enable a More Efficient Process, controlled by Finance
§ IT not needed for most, if any, aspects of HFM. A tool used for Finance and owned by
Finance.
§ Ensures that all data is integrated and validated prior to review by management.
§ Automate and improve the timing and efficiency of the month end close.
§ Increased Dimensionality and Intercompany Process eliminates much of the manual matching
and reconciliation process.
§ Reduce consolidation and reporting cycles by daysâor even weeksâsimply by eliminating
redundant data entry and the need to check and double-check actual results.
§ Reduced data entry, risk of error and risk of key files located in hard drives or
spreadsheets.
§ Modeling or tracking such a business via linked spreadsheets might work if conditions remained
stable, but they donât.
§ Constantly modifying a collection of spreadsheets is a particularly complicated, time-consuming
process full of workarounds and compromisesâthe opposite of whatâs needed.
§ Easier financial consolidation â no need for manual uploads, email of files or
transferring of files.
§ Fast calculation performance â most calculations performed in 4 seconds or less
§ Workflow feature ensures timeliness or user preparation and management review
§ Email alerts to remind user of deadlines.
15. HFM BENEFITS (CONT.)
§ Improve transparency and compliance while reducing costs.
§ Helps reduce the cost of compliance (as stipulated by the Sarbanes-Oxley Act, electronic filing,
and other regulatory requirements) and support disclosure requirements.
§ Enables companies to automatically generate SEC, XBRL friendly documents.
§ Perform strategic analysis
§ Spend less time on processing and more time on value-added analysis of the business including
review of performance metrics and other KPIâs.
§ Deliver a single version of the truth.
§ Provide a single version of the truth to support financial management and statutory reporting.
§ No separate versions on different folders, networks or computers.
§ Topside or adjusting entries are made in HFM.
§ Easily integrates.
§ HFM integrates not only with Hyperion products but also with your existing infrastructure.
§ Quick implementation time maximizes a Companyâs Return On Investment
§ With numerous out of the box features, HFM can often be implemented and utilized in a matter of
in weeks
§ Reduced Administration and stricter security.
§ Owned by Finance, the Administrator is usually responsible for granting or restricting access.
16. KEY CAPABILITIES INTEGRATE,VALIDATE,TRANSLATE, CONSOLIDATE
⢠Use the Financial Data Quality
Management (FDM) tool to map and
integrate from various GLâs.
⢠Using FDM (formerly known as
Upstream), follow the Fish upstream
to consolidate and validate data
⢠Manage the workflow and approval
of the consolidation process.
⢠Import Foreign Currency rates from
established sites to save time and
improve accuracy.
⢠Drill through and Drill back into
your source data and create journal
entries into HFM.
⢠Create control questions manage
sections 302 and 404 of SOX
18. FINANCIAL DATA QUALITY MANAGEMENT
SOURCE
SYSTEMS
§ Data cleansing and
transformation
§ Task scheduling
§ Text and document
archive
§ Audit review
§ Data staging
⢠Prepackaged
integration
⢠Data loading including
supplemental data, line
item detail
⢠Dimensional mapping
verification
⢠Process management
⢠Excel
⢠ERP
⢠G/L
⢠Flat files
⢠ETL
⢠Oracle eBus
⢠Hyperion
Financial
Management
⢠Hyperion
Planning
⢠Hyperion
Essbase
⢠Hyperion
Enterprise
⢠Data Marts
DATA
PREPARATION
SERVER
EPM
SYSTEMS
GUIDEDWORKFLOW USER INTERFACE
EPM Adapters
19. Source
Systems
HFM ARCHITECTURE
The basic FDM process includes six steps:
1. Import source data
2. Validate source data against mapping
tables
3. Export source data to a target system
4. Consolidate target system data
5. Validate target system data
6. Review and validate internal financial
control
22. HYPERION SMART VIEW
§ Accounts love their Excel and
Oracle Understands this!
§ HFM features Ad-Hoc
Analytics via Excel via reports
or Drill through/back
§ Use MS Office to enter,
analyze and report on
subsidiary data
§ MS Excel add-in allowing
access on or off-line
§ Users download forms to
Excel
§ Manipulate data just like
the full web client
§ Synchronizes to server
when ready to be updated.
23. FLEXIBLE REPORTING OPTIONS
Financial Reports
§Web-based production report writer for producing highly
formatted reports such as Financial Statements.
§Reports are easily developed and maintained by business
§Reports can combine data, graphs, text, and images .
§Flexible output options: HTML, PDF, and hardcopy.
§Reports can be batched into books and automated to meet
monthly, quarterly, and yearly reporting requirements.
Dashboards
â˘Web-based, interactive reporting and analysis tool.
â˘Easy to create via drag and drop â no help needed from IT.
â˘Useful for Execs and Analysts alike
â˘Flexible âslice & diceâ, Traffic lighting, Ranking/Sorting
capabilities.
â˘Can display non-financial metrics with financial data.
Smart View
â˘Enables business users to quickly and easily connect to
Hyperion Planning using Microsoft OfficeÂŽ tools (Excel, Power
Point, Word, Outlook) for analysis and reporting.
â˘Allows users to view, import, manipulate, distribute and share
data in Microsoft Excel, Word, and PowerPoint interfaces
â˘Reports and Dashboards can be easily incorporated into
PowerPoint presentations and Word documents. Create once
and quickly refresh to review the latest information.
Smart Space
â˘The first gadget-based user interface designed specifically for
Enterprise Performance Management
â˘Consists of a set of configurable gadgets that run on the
desktop providing continuous access to financial, operational
and performance related information.
â˘Includes a secure instant messaging system for shared decision
making.
24. HFM, FUSION EDITION NEW FEATURES
§ New Equity Pick-up Module
§ Phased Submissions
Enhancements
§ Intercompany Transaction
Enhancements
§ Oracle BI Publisher Templates for
System Reports
§ Extended Analytics Creation of
Flat Files
§ Extended 64 Bit Platform Support
§ Drill-through to Oracle EBS
Financials via FDM
§ Oracle Data Integrator Support
25. ADDRESSING COMPLIANCE NEEDS
SARBANES-OXLEY
REQUIREMENT
FINANCIAL MANAGEMENT
Section 302 â CEO/CFO must certify Submissions contain audit trail
Section 404 â Internal control report Mandatory review/approval procedures
Section 401 â Conditions for use
of non-GAAP financial measures
Multiple organization hierarchies and
chart of accounts
U.S. auditing standards Autonomy from transaction systems
Accelerated reporting Web solution, I/C reconciliation, journals
IAS/IFRS REQUIREMENT FINANCIAL MANAGEMENT
Global Standard, Convergence IFRS, Multi-GAAP, and local statutory
Recognition and measurement Custom dimensions; financial
intelligence, journals with audit trail
Consolidation and reporting Segment reporting, specialized currency,
inter-company, disclosures
27. Why Choose Oracle Hyperion Financial Management?
§ Improve
§ The Financial Close Process by days or even weeks
§ Consolidation and Acquisition Accounting best practices
§ Turnaround time for providing Financial Results to Chief Decision Makers
§ Enhance
§ ROI with quick implementation time and numerous out of the box features.
§ Visibility into subsidiary operating results
§ Ability to analyze and gauge results through improved performance metrics
§ Reduce
§ Audit and compliance costs through improved transparency
§ Manual Controls, processing times and data reconciliation
§ Errors, data entry, control risk, reporting times, departmental overload
§ Refine
§ Intercompany accounting and reconciliation process
§ Foreign currency transactions and translation process
§ Financial Consolidation and reporting features
28.
29. Oracle Hyperion Financial Management
Oracle Hyperion Financial Management (HFM) is a financial consolidation and reporting application built with
advanced Web technology and designed to be used and maintained by the finance team. It provides financial
managers the ability to rapidly consolidate and report financial results, meet global regulatory requirements, reduce
the cost of compliance and deliver confidence in the numbers.
HFM applications are further classified into Enterprise Performance Management Architect Application (EPMA) and
Classical Application.
EPMA has a build in web interface to manage data and business rules (using calculation manager). But in classical
application the business rules are maintained using desktop client and .rle files.
30. On-Premise HFM
â˘The most crucial part in HFM is metadata. Accounts, Entities, Custom1-Custom4, ICP as well as application settings are
defined in metadata.
â˘In classic application metadata are defined using HFM desktop client (as shown below).The left pane shows the account
in an hierarchical manner and in the right pane we can see the respective account properties.
31. Entity Dimension
⢠Every member of the Entity dimension is assigned a currency in the metadata. Entity Currency will store the values for an
entity in its assigned currency (sometimes referred to as âdefault currencyâ or âlocal currencyâ).
For Example
UE has Euro as currency,When the consolidation run the value in UE
will get translated to Parent currency(as per defined rates) and get
accumulated at the parent level.
32. Value Dimension
â˘Value dimension is a system-defined dimension, it
represents the types of value stored in your
application.
â˘Each entity enters data into <Entity Currency>,
Journals are added in <Entity Curr Adjs>.These two
adds up and form <Entity Curr Total> which gets
translated in consolidation process to Parent
Currency.
33. â˘HFM application contain Data Form, Data Grid, ICP Reports and Task Lists.
Data Forms ( )
Data forms are used to enter data into the application. Data Forms enable you to enter data for predefined views, such as
specific periods and accounts.The forms support nested columns and rows for multidimensional analysis, and enable you to
drill into further detail.
*Web Interface of Inventory Reserve Form
HFM Artifacts
34. SmartView
SmartView provides a common Microsoft Office interface designed specifically for Oracle's Enterprise Performance
Management (EPM) and Business Intelligence (BI). Using Smart View, you can view, import, manipulate, distribute and
share data in Microsoft Excel,Word and PowerPoint interfaces.
* SmartView Interface of Inventory Reserve Form
35. Data Grid ( )
You use data grids to view data in Hyperion Financial Management applications through the web. After you view data,
you can calculate it, translate it to other currencies, or consolidate it.
36. ICP and ICP Reports ( )
â˘The Intercompany Partner dimension provides detail for all intercompany balances that can exist for an account. Oracle
Hyperion Financial Management can track and eliminate intercompany transaction details across entities and accounts.
This dimension is defined when you flag an Entity as an intercompany partner.
â˘Intercompany Partner (ICP) Matching reports lists the intercompany transactions that are eliminated during
consolidation.
You can enter intercompany transactions through data grids, Data Load, & Journals.
Below is an example of ICP report,We can see that at the grand total level we get a zero difference.
37. Data Management using FDMEE
What is FDMEE?
â˘FDMEE is Oracle's new Financial Data Quality Management Enterprise Edition product that replaces FDM & ERPi, and
makes huge strides into data integration between source systems (EBS, PeopleSoft, SAP, Flat Flies, etc) and Oracle EPM
(Hyperion). FDMEE runs on Oracle data integrator engine in the background.
⢠FDMEE transforms source data based on the mappings.We can create multidimensional mappings as well as One to one
mappings as per our requirement.
â˘Below is a screenshot of one to one data load mappings,We can define mappings for Account, Entity, Custom1-4, ICP.
38. Journals
â˘Journals can be entered to application using FDMEE, Journal Web Interface or SmartView.
Web UI SmartView
39. Business Rules
â˘In HFM Classical Application, All the business rules are stored using a rile file(.rle).
â˘These rules are written using VB Scripting.We can implement any business logic such as cash flow, Roll Forward,
Translations using these rules.
â˘These rules are run when consolidation process is executed.
*Partial Extract
41. HFM On Cloud (FCCS)
â˘Oracle Financial Consolidation Close Service is a new consolidation close product from Oracle. It is the most
commonly used functionality from HFM with out-of-the-box calculations, hierarchies, reports, and dashboards for faster
deployments. FCCS also has close management functionality built-in that was previously only available in Oracle
Financial Close Management (FCM).
â˘FCCS also use FDMEE for Data Management.
42. ⢠Dimensions in FCCS are similar to HFM. Account, Entity, ICP and 4 Custom dimensions can be defined as per requirement.
â˘In FCCS,Value Dimension(as in HFM) is replaced by Consolidation dimension.
⢠The metadata in FCCS is maintained using web interface , Below we can see the account hierarchy. Modifying/ Adding new
account in FCCS is much easier as compared to classical HFM.
43. â˘In FCCS we can also create Grids and Forms similar to on premise application.
44. â˘FCCS can be integrated with SmartView. All the form and grid can be opened using SmartView or Excel.
45. â˘Business Rule in FCCS are maintained using Calculation Manager.When the consolidation process runs it execute all the
business rule as per defined process.
46. â˘FCCS supports creation of financial reports using Oracle Financial Reporting Studio.These reports can be created and
distributed to the end users using email busting.
â˘Below is a snapshot of Balance Sheet report that has been created using reporting sudio.
49. ⢠Inaccurate forecast
⢠Manual planning
⢠Wasting time
⢠Cost of operations
⢠Growing Plans
⢠Cost of Maintenance
Daily, Monthly,
or Yearly
COMMON OPERATIONAL TRIGGERS
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50. Data Integrity: Multiple versions of their spreadsheets, which can sometimes lead to data
inconsistencies and redundancies that compromise the integrity of the information provided within the
report.
Information Overload: As businesses continue to grow, so does the amount of information going into a
spreadsheet. These Excel reports become increasingly complex, and end users are overloaded with
details that might not be pertinent to their specific role
Investment in Time: Businesses need to be responsive to their ever changing environment. But large
Excel spreadsheets that contain vital financial data to make sound business decisions may require
significant time to update and publish. This process is neither beneficial, nor reliable
As budgeting, forecasting and financial reporting are three major pillars in Enterprise Performance
Management (EPM), it is important for any business to have up to date, accurate financial information.
SHOW STOPPERâS
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51. MOVING TO THE CLOUD.
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52. ⢠Planning provides an in-depth look at business operations and its related impact on financials, by tightly
integrating financial and operational planning models. With Planning you can meet your immediate
financial planning needs while enabling a platform for future cross-functional expansion and automated
process integration.
⢠Workforce Planning enables headcount, salary, and compensation planning fast and efficient across the
enterprise.
⢠Capital Asset Planning enables planning of capital assets and capital asset related expenses, such as
depreciation, maintenance and insurance.
⢠Project Financial Planning is designed to support financial planning and forecasting for contract, capital and
indirect projects. It bridges the gap between project management systems and financial planning processes,
to support the complete project financial management lifecycle.
PLANNING, BUDGETING AND FORECASTING
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53. D
A
T
A
S
O
U
R
C
E
Revenue
&
Cost
CAPEX
OPEX
PL/BS
/CF
Planning & Forecasts
Meta Data & Business
rules
ETL
Web Forms & Excel
Upload
DW/DM
Market
Data
SAP/ EBS
Non-GL
SAP-EBS
GL
Transaction Data
User Input Values
Dashboard based
Management Reports
Analysis / Slicing &
Dicing and Drill down
Reporting
Write back to Transaction System
1. Robust ETL process for 2-Way Interfaces
2. Driver based business rules for calculation of Budget, Allocation & Consolidation
3. Dashboard based Management reports with slicing/dicing & drill-down options
HYPERION EPMâ SOLUTION ARCHITECTURE
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54. § Standardized Meta data - / Data Granularity across the enterprise.
§ Rule based calculation to ensure data quality.
§ Standard Data repository (Multi Dimension) for Current, Historical & Planned data
§ Single Data-source for all information.
§ Powerful tool for business Analysts for:
§ Root Cause Analysis
§ âWhat ifâ Analysis
§ Drilldown Slicing and dicing / âDeep Diveâ into data.
§ Helps answer questions such as:
§ Are we doing things right or the right thing ?
§ Are we spending because we need to or because we have a budget ?
§ Do we decide based on required information or available information ?
§ Seamless Interface to Transaction Systems / Data Warehouse, OBIEE & other data source.
§ Seamless spread sheet based analysis
§ Event based Alerts
PBCS ADVANTAGE â INFORMATION & ANALYSIS RELATED
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55. ⢠Collaborative Planning & Budgeting across the enterprise â Annual Plan, Long Term Plan, MTR,
Rolling Forecast etc.
⢠Standard Reporting process across the enterprise in terms of report formats, contents and
reporting frequency.
⢠Clear definition of data ownership with work-flow & Task List Management.
⢠Global Assumption & Drivers
⢠Align Legal & Management Reports â Single Version of Truth
⢠Alignment of Top-Down Plan (Management Guide lines) Bottom-Up Plan
⢠Adaptation of Best Practice
PBCS ADVANTAGE â PROCESS RELATED
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56. § Cloud Deployment
§ User defined Web Forms for Input Data
§ Management Scenario & Version Management
§ Currency Management
§ Security â (Need based access)
§ Meta Data Management
§ Budget COA Mapped to GL COA
§ Interface to SO / HR / FA System
§ Budgetary Control & Transaction Level â Write Back to SAP, Procurement System
§ Project Management
§ User defined business rules
§ Static and Analytical reporting with slicing & dicing and drill-down option.
PBCS ADVANTAGE â PRODUCT RELATED
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57. § âBest of Breedâ tool for managing cost control and cost reduction initiatives.
§ Reduction in man-hours used for Planning & Budgeting, Forecasting and
Management reporting cycle.
§ Reduction in Ownership Cost : Easy to design, deploy and manage.
PBCS ADVANTAGE â COST SAVINGS RELATED
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58. Ăź 12-month planning/forecasting horizon within the same fiscal year
Ăź Dimensional structures aligned with G/L chart of accounts and Org. Structure.
Ăź Multidimensional consolidation across the Chart of Account hierarchies
Ăź Web forms and excel interface for data entry for Revenue, Cost of Sales, Opex.
Ăź and Balance Sheet at the G/L Chart of Account level
Ăź Template for uploading previous year data.
Ăź 20 Web Forms and 6 reports.
Ăź Pre-defined role based security and workflow up to 15 user groups
Ăź Employee/Position Planning for Workforce
Ăź Template for uploading previous year data.
Ăź Asset depreciation calculation for new assets using Straight Line
Ăź Method considering the cost and useful life. Also includes data load for
Ăź depreciation of existing assets.
Ăź Go-Live in 8 weeks and 1 week of post go-live support
Rapidflow Hyperion Practice works closely with clients through all the stages of their Enterprise Performance Management (EPM) initiative and carefully designed keeping in mind the basic optimum EPM needs of
an organization who wants to move from excel based planning and budgeting exercise to a world class planning & budgeting system. We provide an end-to-end solution to our clients to enable them achieve their
business objectives in a quick and effective manner, at a lower TCO. `
ORACLE PLANNING & BUDGETING CLOUD
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Prisoft PBCS
QuickStart Fixed Scope
package includes
59. PBCS Project
Kickoff (Week 1)
PBCS Demonstration
(Week 2)
PBCS
(Week 3)
Fit-Gap Analysis
(Week 4)
Pilot 2
(Week 5)
Requirement
Sign-Off (Week 5)
Key User
Training (Week 6)
PBCS
Go Live (Week)
Production
Configuration (Week 8)
Production Configuration
(Week 7)
Planned Project Time line â Cloud PBCS
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PLANNED PROJECT TIME LINE â CLOUD PBCS
60. #1 Simple Migration/Implementation â Oracle PBCS can provide you a Reporting and Forecasting application in weeks
that meets your business needs. If you already have Hyperion Planning today we offer a quick migration program that
will allow you to take advantage of all the benefits of the cloud.
#2 No Infrastructure Investment â With Oracleâs PBCS there are no servers, databases or operating systems that you
have to buy. All the hardware is already in place for you. If youâre considering migrating to PBCS you can re-purpose
your existing servers for other areas of the business.
#3 Expense versus Capitalize â PBCS is offered as a Software-as-a-Service (SaaS) model, meaning itâs a subscription, as
opposed to buying a license and amortizing the cost. Because PBCS is in the cloud, there are no hardware costs so you
also save on depreciation of servers. With PBCS treated as an operating expense, it becomes tax deductible as it
reduces your bottom line.
#4 All the Power of PlanningâŚand more â Not only do you get the worldâs leading Forecasting and Reporting solution
used by over 4,000 organizations worldwide but you also get Financial Data Management for all data integration and
mapping needs, plus Reporting as well as Online Guides and Training Videos to walk you through every aspect of the
application.
PBCS â BENEFITS
61. #5 No More Upgrades â PBCS allows you to pick the date and time for all patches and upgrades that best suits your
needs. No more trying to stay current with all the Spreadsheet and Browsers out there. PBCS will apply those patches for
you automatically.
#6 The Cloud is the Future â Like Web Based applications were 20 years ago, the same shift is happening with the
cloud. Everything you do from social media, web mail, online banking, shopping is all cloud technology. And with its mobile
capabilities, PBCS allows you to access your information on the go.
#7 Financial Reporting & Analytics â The reporting capabilities include all the tools that clients who have used Hyperion
have grown to love. It includes Financial Reporting for production quality reports, book distribution and schedule batch
bursting, plus Smart View for the MS Office suite which allows direct ad-hoc access to the application through Excel, Word
and PowerPoint.
#8 Eliminate Annual Maintenance â PBCS pricing is all in one. Thereâs no longer an annual maintenance fee incurred every
year
PBCS â BENEFITS
