World Class Close- Not just Consolidations (with HFM)

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


Agenda

Introductions

Controlling your Close Process with EPM

Process Elements

Emtec is Your EPM expert

Questions and Answers

2


Introductions


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

• [email protected]

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)

• [email protected]


Controlling Your Close Process with EPM


? 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


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


Process Elements


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


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


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


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


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’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 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


Q & A


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

http://www.emtecinc.com/

World Class Close- Not just Consolidations (with HFM)

Software

create external

world class

enterprise

financial

external financial

financial

deliver external

financial