OAUG Collaborate 2015: Oracle Financial Close Suite

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Check in on the

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OAUG Hyperion SIG Meeting

Tammy NortonEdgewater [email protected]

630-202-8496

Session ID#: 10079

@j_josephine

mailto:[email protected]

Close Suite Foundation

Financial Management (HFM)

Financial Close Management

Hyperion Tax Provisioning

2

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Hyperion Financial Management

HFM 11.1.2.4 – New FeaturesFeatures and Functionality:

▪ Supplemental Data Manager

Integration

— Metadata integration (merge

utility)

— Data posting from DCM

— Drill back from HFM grids /

forms to DCM

▪ LCM support for application

snapshot

▪ Web User Interface

Enhancements

— Reordering of Tabs

— Reordering of Favorites

— Improved Web Form

Formatting

▪ Embedding OFMA Analytics in

HFM

PSU Additional HFM Utilities :

– Excel Based Journals Workbench

– Improved Calc Manager Parity with VBScript

– Web Based Member List Editor

– Web Based Application Configuration Wizard

– Web or Excel Based Metadata Editor

■ Platform Independent

▪ Windows and Linux (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 on Exalytics

Lighter, Faster, Simpler & Portable

HFM 11.1.2.4 - Launch OFMA From Within HFM

Direct OBIEE integration in HFM:

• Improved flexibility to create dashboards

• Business model for creating custom reports

Workspace integration:• Simplified SSO setup• Seamless navigation

across EPM and BI within EPM workspace

• Ability to setup Alerts for key accounts

.

HFM 11.1.2.4 - Metadata Merge Utility

User can view and accept or decline the changes in a metadata file Merged file is created Generates HTML Report

HFM 11.1.2.4 - Configuration Settings

Configuration settings now controlled from the web

HFM 11.1.2.4 - Manage Journals

HFM 11.1.2.4 - Analyze – Conversion to Adhoc


Financial Close Management

Financial Close Management Modules

Financial Close

Manager

Account

Reconciliation

Manager

Supplemental Data

Manager

ARMFCM

SDM

New FCM Module: Supplemental Data Manager

■ Management of supplemental data

▪ Financial and Non-Financial

▪ Workflow and collaboration

■ Integration with HFM

▪ Metadata and Data

▪ Post to and Drill Back from

■ Integration with Smart View

▪ Smart View Template, Data Entry, Start

from existing spreadsheets

■ Integrated Dashboards and Reporting

Standardize and Automate Supplemental Data Collection

Financial Close Management – 11.1.2.4

■ Supplemental Data

Manager*

■ Tax Operations

■ Tax Supplemental

Schedules

■ Tabbed User Interface

■ Regionalization

Enhancements

■ Configurable

Notifications

■ Report Writer

■ Amortizing / Accreting

Transactions

■ Choose Role

■ Profile Active Flag

■ Rules (Phase 1)

■ Mobile Application

■ Architectural

Improvements

■ Advanced User

Assignments

■ Power Task Actions

■ Usability

Improvements

■ Filter/List

View/Actions

backports

Shared Features Account Reconciliation Fin. Close Manager

Enhancements affecting both Account Reconciliation and Financial Close Manager


The following were converted to tabbedobjects in ARM:

• Reconciliation List View

• Profile List View• Transaction List

View• Reconciliation

Actions dialog

Users can have multiple instances of each of the above open at the same time

Quick Links

Workflow

Filter & Actions Panel

In addition to the introduction of multiple tabs, the Filter and Actions panel were moved to the right-hand side (for consistency with HFM), and new Quick Links and Workflow sections were added to the left hand side.

■ Enables reconciliations and task scheduling to take into account regional

differences in close schedules and holiday dates

■ Provides for centralized assignment of Viewers and Commentators

■ Provides a hierarchical Organizational Unit attribute useful for reporting

▪ Organizational Units are a shared object – the same configuration applies to both ARM and

Close Manager

— The only exception to this is Work Days, which is a module-specific

configuration (required for backward compatibility)

Enhancements affecting both Account Reconciliation and Financial Close Manager


Financial Close Management Enhancements

ARM Calendar: Regional Differences

Enables different start/end/close dates and frequencies to be assigned to the same period for different organizational units


Holiday Rules & Work Days

Multiple organizational units can use the same holiday rule configuration


Configurable NotificationWe support 3 types of notifications in FCM:

Late NotificationsA reconciliation or task is assigned to you, and the deadline for completion has passed (New for Close Manager!).

Status Change NotificationsA reconciliation or task is now ready for you to begin work.

Due Date Reminder NotificationsA reconciliation or task is assigned to you, and the deadline for completion is approaching (New for Close Manager!).

Account Reconciliation New Features

Amortizing & Accreting transactions

Methods supported:• Straight line (with or without half-month convention)• Actual• Custom

Supplemental Data Manager

■ New Module within

Financial Close

Manager

■ Management of

supplemental data

Financial / Non-

Financial

Workflow

■ Integration with HFM

Metadata / Data

Post / Drill Back

■ Integration with Smart

View

■ Dashboard / Reporting

Financial Close Manager Enhancements

Enhancements affecting Close Manager only… Mobile!

Enables smart phone users to submit and approve tasks. The full spectrum of task actions are supported:

• Adding comments• Answering questions• Assigning attribute

values• Respond to alerts

raised on tasks

Mobile: View task / alert details The Actions List includes all activities ready for the user to attend to. Click on a specific action (task or alert), and view the details associated with that action

Close Manager Enhancements

Mobile: Answer questions and Manage workflow

Complete the workflow action once all requirements have been met.


Power Task Actions: Take action on multiple tasks at one time

Power Task Actions enable multi-selection of tasks and performance of the following actions (subject to security rights):

• Submit• Approve• Reject• Re-Open



Hyperion Tax Provisioning

1. Tax Management Menu:

a. Tax Provisioning (HTP)

b. Tax Governance (New)

i. Tax Operations –Workflow

ii. Tax Supplemental Schedules

2. Smart View account

accelerators to quickly add and

configure Permanent and

Temporary Differences

3. One Administration Screen to

perform all maintenance functions

4. New Web-Forms and Reports:

a. Current Tax Payable

Analysis

b. Current Provision - US State

c. Statutory ETR - US State

d. IFRS – Balance Sheet

Approach

Tax Provisioning 11.1.2.4

New Tax Module: Hyperion Tax Governance

■ New module within Tax Suite

■ Reduce Risk

▪ Provides visibility to task-level

status

▪ Reduces manual effort through

centralized process

management

■ Covers both Operations and

Supplemental Schedules

▪ Task management, workflow,

calendaring

▪ Data collection, standardization,

prebuilt content for

R&D Credit, FIN48)

Workflow and control framework for Corporate Tax

Hyperion Tax Governance: Two Modules

Tax Operations(aka ‘Close Manager’)

Workflow & Calendaring EngineReduces bottlenecks & improves internal controlsProvides visibility to task-level statusPre-built integration across Oracle / Hyperion products

Pre-built: Tax Close, Controversy Management, Compliance

Supplemental Schedules

(aka ‘Supplemental Data Manager’)

Data Collection & AnalysisComplements multi-dimensional data collection in HTPManage distributed surveys & formsFilterable lists (e.g. relational data from sub-ledger - such as details of reserves or accruals)

Pre-built Content: R&D Credit (11.1.2.4) & FIN48 (11.1.2.4.100)

Built on a proven platform. (Hyperion Financial Close Management)


Financial Data Management, Enterprise Edition

FDM Enterprise Edition 11.1.2.4 – New Features

■ Migration assistance for customers moving

from FDM to FDMEE

▪ Migration of core artifacts from FDM to

FDMEE in 11.1.2.4

■ Additional integrations

▪ Data Sync between EPM Applications

▪ Data Relationship Management: load from

ERP; import maps;

▪ Sub-ledger transactions for Account

Reconciliation Manager

— Provided via a generic table/view adapter

▪ Tax Provision and Explicit support for HPCM

▪ Fusion Commitment Control with PSBP

▪ Data Warehouse Adapter: Import from any

relational db source

with simple UI mapping

▪ SAP BW Metadata Load