Session ID: Prepared by: Remember to complete your evaluation for this session within the app! Quest2019-102900 Caesars Entertainment's successful transformation to financial reporting on Oracle Cloud ERP A case study 04/10/2019 Pras Ramakrishnan Senior Solution Architect Grant Thornton
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Session ID:
Prepared by:
Remember to complete your evaluation for this session within the app!
Quest2019-102900
Caesars Entertainment's successful transformation to financial reporting on Oracle Cloud ERP
A case study
04/10/2019
Pras Ramakrishnan
Senior Solution Architect
Grant Thornton
About Grant Thornton
Office locations
Reach
Our services
59 offices spread across 30 states and Washington D.C.
Serve 36% of companies on the
2017 Fortune 500 list and 25% of
companies on the Russell 2000 list
Assurance • Tax • Advisory
More than 8,500 professionals in the U.S.
594 partners serving more than 8,000 clients in the nation
RevenueGT U.S. net revenue equals $1.74 billion
Oracle practice solution focus
11
About Caesars Entertainment
MARQUEE
GLOBAL
BRANDS
LAS VEGAS
BRANDS
DIGITAL
ENTERTAINMENT
Note: Nobu and Planet Hollywood are owned by other entities and licensed to Caesars.
66
About Caesars Entertainment
M a n a g e 4 7 c a s i n o p r o p e r t i e s a c r o s s
1 3 s t a t e s a n d 5 c o u n t r i e s
# 1 o r # 2 s h a r e p o s i t i o n i n m o s t m a r k e t s
I n d u s t r y ’ s f i r s t l o y a l t y p r o g r a m , T o t a l R e w a r d s
# 1 t h e a t e r v e n u e i n U . S .
# 3 l i v e e n t e r t a i n m e n t p r o m o t e r w o r l d w i d e
S t r o n g p o r t f o l i o o f w i d e l y r e c o g n i z e d b r a n d s
2016 TOTAL NET
REVENUES
$8.4BTOTAL REWARDS
MEMBERS
>50MEMPLOYEES
>65,000GUEST VISITS
PER YEAR
>100MCASINO IN 5
COUNTRIES
47SQ FT OF LEEDS
CERTIFIED
BUILDINGS
>1.7MCONVENTIONS/
MEETINGS PER
YEAR
>15,700HOTEL ROOMS &
SUITES
WORLDWIDE
>34,000
SLOT MACHINES
WORLDWIDE
>49,000STABLE GAMES
WORLDWIDE
>4,000LIVE
ENTER TAINMENT
SHOWS PER
YEAR
~8,500GREEN KEY
ECO-RATED
PROPERTIES
IN N.A.
30SQ FT OF
CONVENTION AND
RETAIL SPACE
~1.6MSQ FT OF
CASINO SPACE
WORLDWIDE
>2.8MBARS, RESTAURANTS
& CLUBS AT OUR U.S.
PROPERTIES
>600
77
About Caesars Entertainment
Invigorating hosp itality and
loyalty marketing programs
Investing inCaesars’
infrastructureto enhance
long-term value
Instituting a continuous
improvement-focused operating
model
Inspiring a sales and
service culture
CORNERSTONE INITIATIVES
Drivers for change
Better
• Improvement of workforce productivity with anytime & anywhere access
• Allowance for ongoing current technical and control environment updates
• Standardization and elimination of a significant number of manual processes
Faster
• Real-time data and reporting, and personalized dashboards
• Acceleration of key processes (Example: financial close process)
• Efficiency gains over the next three years expected to achieve 20% - 30%
Cheaper
• Substantially reduced maintenance costs post GL Implementation
• Reduction of audit fees expected after GL Implementation
• Lower cost of ownership by eliminating upfront and ongoing IT expenditures
Smarter
• Attraction of top talent with a modern platform
• Acceleration of new hire operational readiness
• Eliminate the need for future customization with automatic product upgrades
Drivers for change
Simplify the architecture
• 30 year old Infinium accounting
& HR system
• Point to point integration
• Numerous best of breed
software applications
• Retiring skillsets
Caesars reporting
solution
Reporting solution – framework overview
Reporting solution – ERP data storage
• Oracle Financials Cloud ERP maintains application data on two different
platforms depending on the nature of the data
• Transactional data is stored on a relational DB (Oracle DB)
platform
• GL Balances data is stored on a multi-dimensional Essbase ASO
cube
• From a reporting perspective, both data sets are updated in real time
based on the transactions in the ERP application
• Transactional details data is only maintained on the relational DB
platform while the balances data is loaded into the Essbase cube for ad-
hoc analytics and slicing/dicing
Reporting solution - GL reporting strategy
GL: Balance Inquiries SmartViewOra
cle
ER
P
Clo
ud
B
ala
nce
s
Ora
cle
ER
P
Clo
ud
Tra
nsactional
Data
Financial
Reporting StudioGL: Revenue Center, Cost Center, Department
P&L, Property P&L, P&L Variance
GL: Trial Balance Details, Journal Details BI Publisher
GL: Project ID Inquiry, GL Details Transactional BI