HFM, FCCS or - ukoug.org · PDF file•Leverage Hyperion Investment ... Hyperion Financial...
Transcript of HFM, FCCS or - ukoug.org · PDF file•Leverage Hyperion Investment ... Hyperion Financial...
Copyright © 2017, Oracle and/or its affiliates. All rights reserved. |
HFM, FCCS or ?June 2017
Rich WilkieSr Director EPM Product Management
Confidential – Oracle Internal/Restricted/Highly Restricted
Copyright © 2017, Oracle and/or its affiliates. All rights reserved. |
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.
Copyright © 2017, Oracle and/or its affiliates. All rights reserved. |
Agenda
Hyperion Financial Management Update
Financial Consolidation and Close Cloud Intro and Update
HFM or FCCS – upgrade or migrate
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Copyright © 2017, Oracle and/or its affiliates. All rights reserved. |
Agenda
Hyperion Financial Management Update
Financial Consolidation and Close Cloud Intro and Update
HFM or FCCS – upgrade or migrate
1
2
3
Copyright © 2017, Oracle and/or its affiliates. All rights reserved. |
• Platform Independent– Windows, Linux and Solaris (Exalytics) support
• Significant Performance Improvements– Multi-core scaling for Consolidation, Data
Retrieval/Loads, Metadata Loads
– Fast UI Interactions and Responsiveness
– Improved Database Interaction (ODBC replaced ADO driver)
• Simplicity– Simplified Deployment Architecture
– Support for Multiple Databases per instance
– Streamlined Integrations, Java based API
– Online monitoring (Exalytics only)
• Easy Install and Upgrade– One click install (Exalytics only)
– No application changes required
– Full support for LCM including data and process status
Hyperion Financial Management 11.1.2.4Lighter, Faster, Simpler & Portable
Copyright © 2017, Oracle and/or its affiliates. All rights reserved. |
FDMEE - Data Synchronization
• Specify EPM application as a source
– All types except for Account Recon and Supplemental Data Manager
• User defined source filter
– Includes HFM journals
• Write back to source GL as Actual or Budget - EBS and Peoplesoft only
• Concatenate > 5 source columns
• For example – load Essbase from HFM, write-back HFM journals to EBS
Oracle Confidential
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HFM 11.1.2.4 – Performance2-5X faster than prior releases
• Multi-core scaling for Consolidation
– During consolidation while traversing through entity hierarchy continue taking advantage of all hardware cores available.
• Centralized Data Retrieval
– Optimized central data query engine used for FR, SmartView, & Web
• CalcStatus redesign
– Store only used currency, reducing unnecessary storage of numbers and improving metadata/data loads
• Increased User Interface Interactions and Responsiveness
– Replaced Webservices with Thrift optimizing the transfer of objects between C++ server and Java based web tier.
• Use SmartHeap
– Improved memory allocation and reduce thrashing of heap
• Replaced ADO with ODBC driver
– Better performance with Oracle RDBMS
7Oracle Confidential – Internal
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Benefits of Upgrading to 11.1.2.4
• Leverage Hyperion Investment
• Satisfy Increasing Demands of Statutory Reporting
• Easier and More Efficient Analysis of Information
• Solving the Need for More Granularity
Technical Benefits of Upgrading to 11.1.2.4
• Performance
• Simplicity
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90%Of the customers upgrading to 11.1.2.4 mentioned ‘Reduced Time’ in their Close Process
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On-Premises Product Updates
• Plan to release a series of product specific PSU(s)
– Incremental features
– 3rd Party Certification (assuming no out-of-place upgrade)
– Defect fixes
– Independent releases by product
• Thematic in nature
– Introduce relevant cloud Innovations
– Evolution to a simpler architecture
– Focus on Usability
Copyright © 2017, Oracle and/or its affiliates. All rights reserved. | Confidential – Oracle Internal/Restricted/Highly Restricted 11
11.1.2.4.101 (Sept ‘15)
• Stability and critical journals bugs
• Solaris support
• CopyApp support
11.1.2.4.103 (Jan ’16)
• Consolidation performance and stability
• Start up options
11.1.2.4.201 (May ‘16)
• Security Class access
• DB Connections leak
11.1.2.4.204 (Feb ‘17)
• Consolidation scheduling enhancement
• EAExtract simplified setup
Frequent PSU’s on 11.1.2.4.x
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HFM 11.1.2.4.200 – Available Now
• Journals Workbench
•HFM Insights
•Rules Profiling
•Charts/Graphs – Forms/Grids
• Import application
•DB hardening – RAC and network connectivity
Oracle Confidential – Internal/Restricted/Highly Restricted 12
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HFM 11.1.2.4.250 • Automatic Consolidations
– Utilize Hardware during non peak hours
– Can turn it off
– Configuration• When to Consolidate
• Where to Consolidate
– Multiple POV
– Configurable Hardware allocation
Oracle Confidential – Internal/Restricted/Highly Restricted 13
0
5
10
15
20
Auto Consol
Activity
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HFM 11.1.2.4.250
• Data Insights
– Statistics on data tables
– Sorted by Scenario and Year
– Number of records with • Invalid Data
• Zero value
• Foreign Currency Data
• Input Data
• Calculated Data
– Size of the data tables
• Benefits
–Monitor application and system
– Take action before issues arise
Oracle Confidential – Internal/Restricted/Highly Restricted 15
820,000
32,000
14,000120,000
400,000
Data : Actual 2015
Invalid Zero Value Foreign Currency Input Calculated
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HFM 11.1.2.4.300
• Expanded Dashboards
•Archiving\Deleting unwanted data
•Performance improvements– SV, DB batch processing, etc.
• Integration with FCCS (Close Manager)
Oracle Confidential – Internal/Restricted/Highly Restricted 16
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HFM Futures
• Simplified User Interface Uptake
• Web based Metadata Editor
• Simulated Posting\Consolidation
• Entity Hierarchy for ICP Dimension
• Enhanced Integration with reporting cloud services including EPRCS and BICS
• Customer Requested Enhancements
Oracle Confidential – Internal/Restricted/Highly Restricted 17
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Oracle HFM: Current Release and Roadmap
• Expanded platform support for Exalytics platform• Massive performance improvements for any
platform• Oracle Diagnostic Logging (ODL) for faster
troubleshooting• Calc Status updates for smaller database sizing• Web profile editor• Metadata Merge Utility• Embedded OFMA • Journals Workbench• HFM Insights• Rules Profiling• Charts/Graphs – Forms/Grids• Import application• DB hardening – RAC and network connectivity• Smart View Journal Enhancement• PSU 201, 202, 203 and 204
• Critical Issues Fixed
• 11.1.2.4.250• Automatic Consolidations• HFM Insights on Data• Critical Fixes
• 11.1.2.4.300• Expanded Dashboards• Archiving• Web based metadata • Add’l Insights statistics• Performance improvements• Integration with FCCS• Critical Fixes
• Simplified User Interface Uptake• Web based Metadata Editor• Simulated Posting\Consolidation• Entity Hierarchy for ICP Dimension• Enhanced Integration with EPRCS & BICS• Customer Requested Enhancements
• FR replace system reports• Matrixed security• Log an SR for us to review
Release 11.1.2.4+Feb 2015
What’s NewCY17
Future Directions CY18 and Beyond
The above 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 Corporation.
February 2017
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HFM Roadmap
• 11.1.2.3
– S1 defect fixing only until May 2018
• 11.1.2.4
– Defect Fixing, 3rd party certification updates, enhancements thru Dec 2020
• 11.2.x– Release in 2019
– Uplift to FMW 12g release
– Defect Fixing, 3rd party certification updates, enhancements thru Dec 2030
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What does this mean?• Customers have time• HFM not being abandoned
Copyright © 2017, Oracle and/or its affiliates. All rights reserved. |
Agenda
Hyperion Financial Management Update
Financial Consolidation and Close Cloud Intro and Update
HFM or FCCS – upgrade or migrate
1
2
3
Copyright © 2017, Oracle and/or its affiliates. All rights reserved. | 21
2,400+Unique Customers
EPM Cloud Customer Adoption: By the numbers*…
3,550+Subscriptions
2xYoY install
base growth
80+80+Countries 20+
Industries
172K +Users
* As of May 31, 2017 (Q4FY17)
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Select Oracle EPM Cloud Logos
And more …
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Evolution of Hyperion Consolidation Solutions
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Micro Control Hyperion Enterprise
Hyperion Financial
Management
Financial Consolidation
and Close Cloud
30+ years of experience and best practices allow us to constantly improve and evolve
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Best Practice Consolidation Out-of-the-Box
Comprehensively Address the Extended Close Process
Integrated, Secure and Auditable
Consolidate and Report With ConfidenceOracle Financial Consolidation and Close Cloud Service
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Ensures the use of best practices for an accurate and efficient financial consolidation and close
Makes it easy for finance departments to meet global financial regulation requirements like IFRS and GAAP
Significantly reduces timescale, cost and risk in the financial consolidation and close process
Best Practice Consolidation Out-of-the-Box
25Copyright © 2017, Oracle and/or its affiliates. All rights reserved. |
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Reduce the time it takes to complete the financial close
Ensure visibility and predictability in financial consolidation and close
Trust and reliability that the numbers are complete and accurate
No need to replace/alter existing transactional systems
Increase collaboration
Comprehensively Address the Extended Close Process
26Copyright © 2017, Oracle and/or its affiliates. All rights reserved. |
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Secure anywhere anytime access to latest financial information that remove the dependency on finance for generating reports and analysis
Improve the security, consistency and quality of financial reporting
Contain / reduce audit costs
Confidence in compliance with regulations
Integrated, Secure and Auditable
27Copyright © 2017, Oracle and/or its affiliates. All rights reserved. |
Copyright © 2017, Oracle and/or its affiliates. All rights reserved. |
• Consolidation
– Predefined dimensions with built-in Financial Intelligence
– Flexible application configuration with pre-built forms & reports
– Standard consolidations & eliminations
– Currency translations and FX adjustment calculations
– Built-in KPI ratio analysis
– Custom calculations using member formula
– Automated Cash Flow
– Data source detail tracking with drill through capability
– Multi-GAAP support
– Approvals
– Journal entry
– Intercompany matching
– Data audit
– Data Management
• Close Calendar (can be used standalone)
– Task Management
– Workflow
• Supplemental Schedules (can be used standalone)
– Data Collections
• FCCS Dashboards
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FCCS Functionality
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Is FCCS ready?
• Hundreds of customers to date
• Many large customers and deployments
• ~20+ live
• Every Region - APAC, EMEA, NA/LAD
• Partners around the world have been trained
• Early Adopter Support ensuring success
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FCCS Customer Implementations Underway June 2017
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Thayer Lodging – Key Challenges– Close process took almost 15 days to complete with quarter and year-end closes
dragging on further.
– Difficulty meeting reporting and audit deadlines
– Excessive rework, reconciliation and review of the reporting and board packages.
– Dependency on Excel to collect data and produce consolidated reports.
– Entity structure includes over 150 entities with major intercompany challenges
–Many of the entities require partial ownership calculations
– Availability and granularity of data is limited and burdensome to collect resulting in inadequate analysis capabilities.
– Numerous manual hand-off points of data and reports.
– Lack of visibility and control into consolidated data and adjustments.
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Thayer Lodging – FCCS Benefits– Rapid deployment enabled Thayer to quickly improve their existing reporting processes.
– Reduced time to close down to six business days improving ability to meet reporting deadlines.
– Provided complete visibility into the entire close process including consolidation, data collection and reporting processes.
– Created dual purpose application that provides corporate consolidated reporting and detail hotel level reporting capabilities across over 150 legal entities.
– Complied with global accounting standards, US accounting standards and multiple legislative requirements including support of IFRS, GAAP and Investment Companyaccounting.
– Reduced the dependency on Excel as the primary data collection and reporting tool.
– Standardized repeatable processes previously performed manually during the close, such as top-side consolidation adjustments and intercompany eliminations.
– .
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CPI Card Group
• CPI Card Group is a leading provider in payment card production and related services, offering a single source for credit, debit and prepaid debit cards including EMV chip, personalization, instant issuance, fulfillment and mobile payment services.
• Corporate initiative to move all applications to cloud
• Currently run BICS, ICS, PBCS, FCCS and are implementing HCM Cloud
• HFM migration
– Complicated implementation, difficult to manage, older versions
– Partner recommended FCCS
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Recent Highlights R&D Underway Looking Forward
For Event Use Only. The above 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 Corporation.
• Alternate Hierarchy support (full accounting treatment)
• Ability to use Close Manager and Supplemental Data Manager Standalone
• Tight integration with Financials Cloud including drill back
• Configurable translations
• Config calculations and consolidations• Extend custom dimensions• Adv. Consolidations (Similar to
Manage Ownership in HFM• Manage Ownership• Proportional Consolidations• Equity Eliminations• Org by Period• Ownership Register
• Integrated EPM Business Processes• Process Control• Close Manager • Monitoring tasks• Cloud integrations
• Supplemental Data Manager• Integrations to On Premises
• Journal Entry Module• Integration with any ERP• Recurring and Auto-Reversing• Single click create
• Adv. Consolidation• Automatic Journaling• Data lineage• Automatic consolidations
• Event based alerts• Integrated XBRL from EPRCS• HFM Migration Toolkit
Oracle EPM Cloud: Financial Consolidation and Close
06/2017Copyright © 2017 Oracle and/or its affiliates. All rights reserved
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Custom Calculations
1. Calculation Manager will be opened up to allow users to create Business Rules that can be executed at predefined points within the default consolidation process.
2. The library of predefined rules will be expanded to support common operations like Copy, Clear etc.
3. POV specific translation mechanism will be supported.
Oracle Confidential – Internal/Restricted/Highly Restricted 35
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Advanced Consolidations• Manage Ownership
– Establishing ownership parameters such as Ownership %, Consolidation %, Consolidation method period-by-period
• Proportional Consolidation
– Applying consolidation percentage to proportionalization and standard eliminations
• Advanced Consolidation– Elimination rules for Investment / Owner’s Equity based on Ownership parameters
– Single or multiple ownership/cross holdings
Confidential – Oracle Internal/Restricted/Highly Restricted 36
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Manage Ownership - Methods
Confidential – Oracle Internal/Restricted/Highly Restricted 37
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Manage Ownership – By Entity
Confidential – Oracle Internal/Restricted/Highly Restricted 38
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Springboard Mash-ups
USE CASE: TRCS user can post the ‘Tax Journal Entry’ in FCCS without leaving TRCS
Journals
Cards from multiple services can be included in the same cluster
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User Interface Mash-up
A screen can include horizontal and vertical tabs from multiple services
USE CASE: A EPBCS user can access Management Reports in EPRCS without leaving the Planning Screen
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Consolidations Dashboard
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Agenda
Hyperion Financial Management Update
Financial Consolidation and Close Cloud Intro and Update
HFM or FCCS – upgrade or migrate
1
2
3
Copyright © 2017, Oracle and/or its affiliates. All rights reserved. |
FCCS Benefits
• Single EPM platform
• Configure not customize
• Leverage best practices
• Always up to date
• Built on 30+ years of Hyperion expertise
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FCCS Benefits to HFM Customers
• Functional
–Out of the box means significantly less or no rules to write• Cash flow, translations, KPI’s, rollforwards, CTA, etc
• Configuration UI not VB script
– Dashboards provide interactive reporting
– Totally integrated calendaring and task management
– Greatly simplified “add new feature” process
• Ease of implementation/use
– Simplified user interface consistent across Oracle solutions
– Similar to Phone/Tablet user interface
– Simple access to reporting, data integration, tasks, etc
Copyright © 2017, Oracle and/or its affiliates. All rights reserved. |
FCCS Benefits to HFM Customers
• Upgrades
– Done automatically on monthly basis
– Automation tool for lights out processing
– “Enable Feature” still gives power to customer when to “deploy”
• Consistency of administration across EPM Cloud
– EPM Cloud single platform
–ONE way to manage users, data,
• Out of the Box functionality = quicker implementations
– Forms, Reports, Calculations, Dashboards,
–More content added regularly
–
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FCCS Benefits to HFM Customers
• Same Hyperion Development team
– Product evolution of HFM and Hyp Enterprise
– Product Management team has been involved since the 90’s
• Finance owned (no IT)– Backups automatically done daily
• Infrastructure
– No hardware costs, upgrades, patches, etc
• Cost
–Monthly subscription including all updates and data integrations
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Cloud & On-premise:Provide Flexible Choices
Innovation and Investments across Cloud and On-premise
Allow customers to adopt EPM Cloud at their own pace
Provide consistency and portability to enable flexible deployment choices