Webinar - Managing Grants in the Public Sector & Higher Ed

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Managing Grants in the Public Sector Higher
Education

• Oct 24, 2019

Presented by Hemal Parikh _at_ NexinfoSolution
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Who Is NexInfo?

• SUMMARY
• Consulting company focused on helping clients
  achieve Operational Excellence via an optimal
  blend of Business Process Software consulting
  services
• Deep domain expertise, including Integrated
  Business Planning (IBP/SOP), Enterprise Resource
  Planning (ERP), Product Lifecycle Management
  (PLM), Customer Relationship Management (CRM),
  Enterprise Performance Management (EPM), Human
  Capital Management (HCM), Predictive Data
  Analytics, Security, Business Transformations
  Cloud Connectors for Hybrid Cloud Solution.
• Founded in 1999 and managed by computer industry
  business process professionals
• Clients include emerging companies and Fortune
  1000 corporations
• Recognized in the industry, including features in
  Gartner Reports, The Silicon Review (50 Smartest
  Companies of the Year 2016 and 10 Fastest Growing
  Oracle Solution Providers 2017), and CIO Review
  (100 Most Promising Oracle Solution Providers
  2015)
• PARTNERS
• CORPORATE INFO
• HQ in Orange County, CA with offices in Redmond,
  WA, Chicago, IL, Bridgewater, NJ, Dublin,
  Ireland, Chennai Bangalore, India
• Operations across the United States, Europe
  (Ireland, UK, Switzerland, Belgium) India

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Industry Experience
Sample Clients across industries

• Education - University Colleges
• High Tech Manufacturing Distribution
• Life Sciences Medical Devices, Pharma
  Healthcare
• Biotechnology Clinical Research
• Industrial Equipment Manufacturing
• Discrete Process Manufacturing
• Food Beverages
• Engineering Construction
• Power, Oil Gas
• Aerospace Defense
• Consumer Goods, Retail Franchise
• Compliance Security Governance

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Presenter Information
Name Hemal Parikh Experience
Expertise Business Process Design Solutions
Design Project Management Change
Management Enterprise Resource Planning (ERP),
Human Capital Management (HCM). Over 15 years
of industry experience in delivering business
solutions across industries geographies. Oracl
e Certified Implementation Specialist with
experience in leading ERP transformation
engagements, recommending industry best practices
implementing Business Optimization initiatives
for Enterprise Customers across industry domain.
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Introduction

• What to Expect in this Session ?
• Grant basics the role of Grant systems
• Oracle Cloud Product Offering
• Oracle Grants Cloud - Features Functions
• Grants Process Flow with Integration Touchpoints
• Review your potential journey to the cloud
• Best practices to expedite Oracle Cloud
  implementation
• Motivation to migrate to Cloud is to outsource
  Application maintenance and IT work. It becomes
  true business application where business users
  drive everything.

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Agenda

• Introduction to Topic
• Key Features Functionalities
• Proven Methodologies Challenges

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Education Grant Classification
All grants have compliance and reporting needs
that require information to be captured and
tracked in great detail over extended periods of
time

• By purpose

• By Funding Source

By Compliance

• Student
• Non-student

• Federal
• State
• County
• Local
• Third party
• In-Kind
• Internal

Restricted Un-restricted
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Introduction - Grants

• Managing Grants Need for System!
• Receiving grant and Funding needs
• To have absolute control
• To have visibility on use of funds
• Tracking of sponsored projects and programs
• System is required for proper management of
  Grants with effective tracking to ensure
  continuation of this important revenue funding
  stream

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Journey to Oracle Fusion Cloud

• What is Oracle Fusion Cloud?
• Is Oracle Fusion Cloud PaaS/IaaS/SaaS ?
• What are the product offerings of Oracle in Cloud
• Where does Grants Management Cloud Fit in overall
  gamut
• What are the Integration Touchpoints?
• Does it meet my business needs, and what does not?

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Oracles Complete Cloud Application Suite

• Oracles Complete Unified Cloud
• All major business process available on Cloud
  (SaaS).
• Built-in modern best practices.
• Reduce costs.
• Simplify your business.
• Allow for faster innovation.

A complete cloud applications suite is modular,
yet connected, eliminates data silos, and easily
enables a connected intelligent business.
The intersection and sharing of key data objects
across the business.
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Oracle ERP Cloud
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Oracle PPM Cloud Products

• Oracle Project Portfolio Management(PPM) Cloud
  includes
• Oracle Grants Management Cloud
• Oracle Project Financials Cloud
• Oracle Project Contract Billing Cloud
• Oracle Project Resource Management Cloud
• Oracle Project Management Cloud
• Oracle Task Management Cloud
• Oracle Transactional Business Intelligence for
  Projects Cloud

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Oracle Grants Management Cloud
Oracle Grants Management Cloud allows you to
manage the complete post award process, from
initial funding to close out. Oracle Grants
Management Cloud also provides an integrated
platform for managing the financial aspects, and
collaborating on your awards and sponsored
projects while complying with your sponsors and
internal control, billing and reporting
requirements.
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Agenda

• Introduction to Topic
• Key Features Functionalities
• Proven Methodologies Challenges

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Oracle Grants Management Cloud Key Features

• Innovative analytics that clearly portray the
  current spending status of each award
• Calculate, apply, adjust, account, and invoice
  indirect costs at institution, department, or
  award specific rates
• Prevent overspending by checking budgets at the
  point of entry
• Collaborate on Award specific topics utilizing
  the Oracle Social Network
• Invoice sponsors in their desired format or
  through a letter of credit
• Comprehensive reporting platform to track all
  award funding, expenditures and other related
  activity

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Grants Cloud Award Overview
In the award overview, the spend rate analytic
identifies potential spending issues by focusing
on the awards that are either spending to quickly
or not spending quickly enough.
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Grants Cloud Award Overview
Quickly visualize the current spending status and
drill into funding, budget, commitment, and
expenditure details, as well as all related
conversations and documents all from any device,
anywhere.
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Grants Cloud Award (Project Actions)
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Grants Cloud Manage Project Costs (Adjustment)

• Manage(Update) Project Cost (Expense) Line
• Set to Capitalizable/Noncapitalizable
• Set to Billable/Nonbillable
• Hold Cost Line from Invoicing
• Review Accounting

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Grants Cloud Review Accounting

• Project Accounting Supports -
• Transaction sourced from AP/PO
  Capital/Non-Capital Procurement
• Transaction Sourced from HCM Labor Cost
• Support for Burden Cost Accounting

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Grants Cloud Manage Budget

• Budget Version - Budget Updates being tracked
• Budget Allocation by Resources
• Support for Burden Cost(Rate)

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Grants Cloud Manage Awards

• Quick Create Awards from predefined template
• Duplicate (Copy) Awards
• One Award funding multiple Projects vice-versa
• Realtime visibility - Budgeted Amount, Commitment
  Amount, Actuals
• (By Project Funding Source)

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Oracle Grants Management Cloud Key Benefits

• Decrease time, staff spends on award
  administration
• Faster visibility into award financial status
• Comply with sponsor and internal control, billing
  and reporting requirements
• Analyze award funding and performance

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Agenda

• Introduction to Topic
• Key Features Functionalities
• Proven Methodologies Challenges

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Cloud Business Challenges
CHALLENGES
RECOMMENDATIONS
No Cloud Strategy for IT Service delivery linked to business outcomes impacting success
Many companies unsure how to initiate cloud projects possibly missing business opportunities
Identify cloud-computing-related IT services to
be offered or procured Document internal
processes affected by identified cloud
services Map applications and workloads to
associated cloud services
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The 3 recommendations should be targeted at
achieving business outcomes such as
cost-efficiencies, operational efficiencies and
agility.
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NexInfo Cloud Adoption Model (NCAM)
NCAM is based on visualization, better and
informed decision making
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QA
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