Upload
vuthu
View
229
Download
1
Embed Size (px)
Citation preview
Emtec, Inc. Proprietary & Confidential. All rights reserved 2014. Emtec, Inc. Proprietary & Confidential. All rights reserved 2014.
World Class Close – Not Just Consolidations
Russ Rogers
Reid Kerr
September 4th, 2014
Emtec, Inc. Proprietary & Confidential. All rights reserved 2014. Emtec, Inc. Proprietary & Confidential. All rights reserved 2014.
Agenda
Introductions
Controlling your Close Process with EPM
Process Elements
Emtec is Your EPM expert
Questions and Answers
2
Emtec, Inc. Proprietary & Confidential. All rights reserved 2014. Emtec, Inc. Proprietary & Confidential. All rights reserved 2014.
Introductions
Emtec, Inc. Proprietary & Confidential. All rights reserved 2014. Emtec, Inc. Proprietary & Confidential. All rights reserved 2014.
Introductions
4
Reid Kerr
Senior Lead – Close & Consolidations, Emtec • 21 Years of hands on consulting experience
• 8 Years at Hyperion (IMRS, Software, Solutions, etc)
• 12 Years Partner and Independent Firms
• CPA, CMA, Certified (background in accounting, fx, m&a)
• 336-996-4242 office
• 336-210-6934 mobile
Russ Rogers
National Practice Lead – Close & Consolidations, Emtec • 22 Years of hands on consulting experience
• 9 Years at Hyperion (IMRS, Software, Solutions, etc)
• 12 Years Partner, Independent, Firms
• CPA, CMA, Certified (accounting, fx, IC, m&a)
• 312-561-3398 office
• 816-721-1908 mobile (Go Royals)
Emtec, Inc. Proprietary & Confidential. All rights reserved 2014. Emtec, Inc. Proprietary & Confidential. All rights reserved 2014.
Controlling Your Close Process with EPM
Emtec, Inc. Proprietary & Confidential. All rights reserved 2014. Emtec, Inc. Proprietary & Confidential. All rights reserved 2014.
? Days ? Days
How Does Your Process Measure Up
The Financial Close Process
6
Sub Ledger Close General Ledger Close
Data Assurance
Consolidation Internal
Management Reporting
External Financial Reporting
Filing
Close sub ledgers into GL (AR, AP, FA, etc.)
Perform Reconciliations and Post Accruals
Deliver self service financial reporting to the organization
Create external reports with disclosures and financial data
Automate and deliver external & statutory filings
Gather and validate complete data sets to support all financial reporting needs
Automate consolidated financial reports leveraging multiple hierarchies and calculations
2 Days 6 Days
World Class Close
Emtec, Inc. Proprietary & Confidential. All rights reserved 2014. Emtec, Inc. Proprietary & Confidential. All rights reserved 2014.
Accountability Transparency and Oversight Speed
The Financial Close Process – How do You Track and Control each Process
7
Sub Ledger Close General
Ledger Close Data
Assurance Consolidate
Internal Management
Reporting
External Financial Reporting
Filing
Account Reconciliations
Signoffs
Timing of data refresh
Monitor Issues
Automatically link to ledger instance - drill through reduces reconciliations required
Refresh rate
Validation and Reporting
Reporting consistency across the organization
The right tool for the right purpose
Create external reports with disclosures and financial data
End of sneaker-net
Automate and deliver external & statutory filings
Reduce change turn around
Location Based supplemental data collection
Support and Explanation of Variance
Attestation of base level data
Process management
Create flexible reporting constructs and refresh cycles
Tax Provisioning
Financial Close Manager
Emtec, Inc. Proprietary & Confidential. All rights reserved 2014. Emtec, Inc. Proprietary & Confidential. All rights reserved 2014.
Process Elements
Emtec, Inc. Proprietary & Confidential. All rights reserved 2014. Emtec, Inc. Proprietary & Confidential. All rights reserved 2014.
The EPM Landscape
9
O
B
I
E
E
F
O
U
N
D
A
T
I
O
N
PeopleSoft E-Business Suite Oracle Cloud
ENTERPRISE RESOURCE PLANNING (ERP)
ENTERPRISE PERFORMANCE MANAGEMENT (EPM)
Planning & Forecasting Financial Close
Hyperion Planning
Workforce Planning
Capital Asset Planning
Project Financial Planning
Balance Sheet Planning
Strategic Finance
HFM
Financial Close Management
Disclosure Management
Tax Provisioning
Profitability & Cost Mgmt.
Profitability & Cost Management
Metadata / Data Management
Data Relationship Management
Financial Data Quality Mgmt. EE
EPMA
OBIA Advanced Analytics Mobility Big Data
BUSINESS INTELLIGENCE
Reporting
Financial Reporting
SmartView for MS Office Essbase
Emtec, Inc. Proprietary & Confidential. All rights reserved 2014. Emtec, Inc. Proprietary & Confidential. All rights reserved 2014.
Supportive Technologies and Applications – Financial Close Management
10
Close Manager
• Identify Key Activities, Timings and Dependencies
• From granular detail to high level flow
• Accountability and Predictability
• Bring Transparency to process and progress
• Calendar Views, Gantt charts and Monitoring
• Interactive capability allows easy access to tasks from calendar
• Identify Bottlenecks and proactively manage process
• Dashboard views and exception reporting
• Easy Maintenance and Rollforward
• Allows easy transition from period to period
• Mass change capability
• Ownership mapping
Emtec, Inc. Proprietary & Confidential. All rights reserved 2014. Emtec, Inc. Proprietary & Confidential. All rights reserved 2014.
Supportive Technologies and Applications – Financial Close Management
11
Account Reconciliation Manager
• Identify Key Reconciliations, Timings and Dependencies
• Oracle Applications
• Non-Oracle Processes and Data Sources
• Pre-populate Values via FDMEE
• Monitor Reconciliation Assignments
• Prebuilt Dashboards
• Auto-reconciliation and Statistical Enablement
• Notification via email
Emtec, Inc. Proprietary & Confidential. All rights reserved 2014. Emtec, Inc. Proprietary & Confidential. All rights reserved 2014.
Moving Toward Close Management
12
Identify Silos of effort and usage
• Map interdependencies
• Create Task and Responsibility Trees
• Decide Level of Granularity
• Decide Communications and Approval Needs
Emtec, Inc. Proprietary & Confidential. All rights reserved 2014. Emtec, Inc. Proprietary & Confidential. All rights reserved 2014.
Upgrade Considerations and Thoughts
13
Migration to 11.1.2.3 + Platform
• Re-implement versus upgrade in place
• Creates Stable platform for go-forward use
• Expanded Capabilities
• Flexible Dimensions
• FDMEE v FDM Classic
Consider Financial Close Management as step-in to controlling close
• Process management enablement
• Higher level and working toward granularity
Emtec, Inc. Proprietary & Confidential. All rights reserved 2014. Emtec, Inc. Proprietary & Confidential. All rights reserved 2014.
Emtec’s deep expertise, flexibility, and executive engagement translates into
successful client engagements
14
• Proven Hyperion methodology & approach
• Experience with the latest versions and platforms
• Business knowledge to back up our technology knowledge
• The right people to do the work
• Experience across multiple domains – including application services and infrastructure
Our Key Capabilities
• Performing large scale and small scale projects means we scale for the need.
• ‘Individualized’ implementation approach
• Emtec Accelerators include technology and processes for global implementations such as Automated Cash Flow, Currency Translation, Allocations for Employees and Foreign Tax and Benefit Calcs
• Practice leadership directly engaged
• Project Management Office
• Emtec EPM services include Infrastructure, Application Development, Business Process Best Practices, Training and Application Support
• Global capabilities for implementation and Managed Services
• Full Spectrum offering of Oracle applications consulting
Key Differentiators
Emtec, Inc. Proprietary & Confidential. All rights reserved 2014. Emtec, Inc. Proprietary & Confidential. All rights reserved 2014.
Emtec has a long history of delivering exceptional client outcomes with its
Enterprise Performance Management (EPM) practice
100+ Installations
of 11.1.x
32 HFM and Planning
Consultants
85% Hyperion Certified
Cloud Certified
Dedicated Infrastructure
Team
Platinum Partner
Certified HFM
Planning Essbase
DRM/FDM
Hyperion
LAB
10+ Average Years of Functional Experience
EMTEC • Serving clients for nearly 50 years
• 14 locations, including 8 development centers
• Over 1,000 full-time professionals
• Voted One of the Top 100 Places to Work by
Crain’s Chicago in 2012
• Emtec has completed more than 1,100 ERP,
CRM & EPM engagements, including:
- 200+ Oracle ERP clients with more than 415
engagements
- 206 EPM / Hyperion & OBIEE clients and 323
engagements
15
Emtec, Inc. Proprietary & Confidential. All rights reserved 2014. Emtec, Inc. Proprietary & Confidential. All rights reserved 2014.
Q & A
Emtec, Inc. Proprietary & Confidential. All rights reserved 2014. Emtec, Inc. Proprietary & Confidential. All rights reserved 2014.
THANK YOU FOR YOUR TIME
Please visit us online at www.emtecinc.com
THANK YOU FOR YOUR TIME
Please visit us online at www.emtecinc.com