Adaptive Intelligent Planning · functionality described for Oracle’s products remains at the...
Transcript of Adaptive Intelligent Planning · functionality described for Oracle’s products remains at the...
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Adaptive Intelligent Planning Oracle EPM Cloud
Marc Seewald Hari Sankar EPM Product Management February 15, 2018
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Safe Harbor Statement
The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle’s products remains at the sole discretion of Oracle.
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Program Agenda
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Machine Learning & Finance Oracle Vision & Strategy Demonstration
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Source: McKinsey, Bots, Algorithms, and the Future of the Finance Function
Automation Potential of Finance Activities
ACCELERATING
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Difficult to Automate
Somewhat Automatable
Highly Automatable
Fully Automatable
General Accounting Operations
Financial Controlling & External Reporting
Taxation
Financial Planning & Analysis
Treasury
Risk Management
External Relations
Business Development
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18 36 36 9
24 19 19 38
34 45 11 11
43 21 18 18
60 20 20
67 33
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for superior business outcomes
Technologies Influencing the Future of EPM
Robotic Process Automation
Machine Learning
Human Interface
“Virtual workforce” that performs repetitive, clearly defined tasks
Algorithms that use statistical analysis to assess diverse types of data and provide insight
Technologies that enable users to interact with information in new ways
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Use Cases for the Finance Function
Optimize Assets
Manage Risks
Automate Tasks
Improve Decisions
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Validate Data
Opportunity EPM ACTIVITIES TODAY
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Collect Data
Build Reports
Write Narrative
Update Forecasts
Make Complex Business Decisions
Counsel Business Leaders
Fully Automatable
Highly Automatable
Difficult to Automate
Highly Automatable
Highly Automatable
Somewhat Automatable
Somewhat Automatable
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Program Agenda
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Machine Learning & Corporate Finance Oracle Vision & Strategy Demonstration
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Oracle’s Vision Intelligent Performance Management
Spreadsheets Today: EPM
Future: IPM
Time/ Effort
Data manipulation & reconciliation
Data analysis
Taking action on issues
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DISCOVERING TOMORROW’S FINANCE, TODAY
“More than half of healthcare executives (57 percent) at organizations currently using predictive analytics expect that the technology will allow them
to save 15 percent or more of their total budget over the next five years. Another 26 percent forecast savings of 25 percent or more…”
Society of Actuaries, report on Healthcare Industry Trends, February 2017
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83%
>15% Savings of Total Budget
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Adaptive Intelligent Planning Oracle Vision & Strategy
Leverage Oracle Economies of Scale
Embed Intelligence in Applications
Connect Planning Beyond Finance
Enrich with Operational & 3rd Party Data
Enable Governance & Control
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CX Cloud
HCM Cloud
SCM Cloud Purpose-Built, Artificial Intelligence and Data-Driven Apps.
Connects and Amplifies Intelligence
Across CX, HCM, SCM and ERP. ERP Cloud
Adaptive Intelligent Apps
Confidential – Oracle Internal/Restricted/Highly Restricted 12
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Embed Intelligence into Planning Cloud
REQUIRES EXPERTISE IN DATA SCIENCE
EXPENSIVE TO IMPLEMENT
DIFFICULT TO ADMINISTER
NEED TO CUSTOMIZE ALGORITHMS
DIFFICULT TO GET ECONOMIES OF SCALE
CAN BE OWNED BY THE BUSINESS
BUILT INTO THE APPLICATION
LOW LEVELS OF ADMINISTRATION
PROCESS-SPECIFIC ALGORITHMS
SCALABLE; ENHANCED BY ORACLE
Platform
Application
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CONNECT PLANNING BEYOND FINANCE
Corporate FP&A
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Human Resources
Sales & Marketing
IT
Operations & Supply Chain
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Data Impacting Planning
Adaptive Intelligent Planning
FUTURE-READY
Sales Budget
Expense Budget
Capital Budget
Cash Budget
Foreign Currency
Interest Rates
Housing Starts
Commodity & Energy Prices CPI & PPI
Rainfall
SEC Filings
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ERP
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Governance and
Control
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Create a Trusted Framework…
Don’t just ‘blindly trust’ the Machine... Provide root causes & audit trails
Enrich data science insights with financial judgment
Configure for business-specific requirements
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DEMONSTRATION Better Planning, Fewer Mouse-clicks
Reveal Hidden Correlations & Realize Faster Time-to-action:
1. Signal Detection
2. Root Cause Analysis
3. Insight Discovery
4. Action Recommendation
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DEMONSTRATIONS Adaptive Intelligent Planning
Oracle Confidential – Internal 18
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WHAT IT TAKES TO BE FUTURE READY
Adaptive Intelligent Planning in the Oracle EPM Cloud
1. Leadership & Vision
2. Evaluation of Skillsets & Hiring (e.g. open to technology, embrace of change)
3. Consider Impact on Organizational Structures
4. Target High Value & Realistic Areas (e.g. early wins fund the next phase)
5. Collaborate with Oracle Product Management
#Intelligent #EPMCloud Thank you.
Hari Sankar Marc Seewald EPM Product Management