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Improving Enterprise Performance Management

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... account structures, calculations, Smart Lists, data ... Financial and Planning Models required significant time to update, distribute, and collect data ... – PowerPoint PPT presentation

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Title: Improving Enterprise Performance Management


1
Improving Enterprise Performance Management
Len Romano Regional Director
2
TopDown Consulting, Inc.
  • At a Glance
  • Oracle Certified Advantage Partner
  • Over 400 successful customers globally
  • Differentiators
  • Experts in EPM and BI solutions
  • Financial Reporting and Close Cycle
  • Planning, Forecasting, and Modeling
  • Operational Reporting and Analysis
  • Scorecards and Dashboards
  • Proven Project Success Methodology
  • Infrastructure and Technical Expertise
  • TopDown Migration Manager

3
Defining Enterprise Performance Management
  • Set of integrated, closed-loop management and
    analytic processes, supported by technology, that
    address financial as well as operational
    activities
  • Enables businesses to define strategic goals, and
    then measure and manage performance
  • Core processes linked to organizational strategy
  • Financial and Operational Planning
  • Consolidation and Reporting
  • Modeling Analysis
  • Monitoring of KPIs

4
EPM Vision Extend Operational Excellence to
Management Excellence
Competitive Advantage
MANAGEMENT EXCELLENCE
OPERATIONAL EXCELLENCE
Time
5
The Balancing Act
  • Technology
  • Enables
  • Tools
  • Process
  • How and Why
  • Repeatable / Sustainable
  • Culture
  • Defines the company
  • Degree of change

Balanced Solution
6
Key Drivers for Adopting EPM
  • Close the gap between strategy and execution
  • Effective performance measures
  • Compliance
  • Sarb-Ox / IFRS
  • Not a one-time exercise
  • Penalties
  • Governance, Risk and Compliance
  • Communication
  • Align business strategies for all stakeholders
  • Competitive advantages
  • Visibility and insight
  • Collaborative
  • Decision making
  • Respond vs. React
  • Confidence
  • Collaborative environment
  • Improve quality of information
  • Ownership
  • Closest to the source

7
Oracles EPM System
8
Oracle Performance Management Applications
Strategic Products
DOMAIN PRODUCTS
Strategic Planning Hyperion Strategic Finance Hyperion Performance Scorecard Oracle Crystal Ball
Planning Budgeting Hyperion Planning Hyperion Workforce Planning Hyperion Capital Asset Planning Oracle Integrated Operational Planning
Financial Close Management Hyperion Financial Management Hyperion Financial Data Quality Management
Cost and Profitability Management Oracle Hyperion Profitability and Cost Management PeopleSoft Activity Based Management Oracle EBS Profitability Management Oracle OFSA
9
Hyperion Planning at a Glance
Planning
Budgeting
Top Down and Bottom up Planning Driver Based
Planning Workforce Capital Asset Planning
Resource Allocation Budgetary Process
Management Reviews and Approvals
Forecasting
Variance Management
Predictive Analysis Statistical
Forecasting Scenario Analysis and Versioning
Plan vs. Actuals Exception Management Root Cause
Analysis and Explanation
10
Hyperion Financial Management
Consolidating
Compliance
Global financial consolidation, reporting and
analysis Collects, consolidates reports
financial results in multiple GAAPs IFRS
Reduce the cost of compliance i.e.
Sarbanes-Oxley , electronic filing, other
regulatory requirements Support disclosure
requirements, such as sustainability reporting
Auditing
Reporting
Complete audit trails 10K/Q to general
ledger audit trail, providing confidence in the
numbers
Powerful reporting and analysis
tools Deliver timely results internally and
externally
11
Hyperion Workforce Planning
Planning
Budgeting
Plan salary and other compensation Add and
delete new hires Integration with external HR
systems
Budget for salaries and bonuses Plan
projects/salary at any level
Forecasting
Management
Set payroll taxes for states years Forecast
compensation for hourly employees
Manage status of existing employees Transfer
employees between depts.
12
Hyperion Capital Asset Planning
Planning
Simulating
Automates planning of capital assets capital
asset related expenses, such as depreciation,
maintenance and insurance
Built-in functionality includes account
structures, calculations, Smart Lists, data
forms, dimensions, and menus
Assessing
Management
Assess the impact of your capital expenses on
your overall expenses and financial statements
Modify existing capital assets with improvements,
impairments, and retirements, as well as transfer
capital assets from one cost center to another
using multiple methods
13
Hyperion Strategic Finance
Modeling
Planning
Financial modeling identifies financial impact
of alternative strategies Debt Scheduler models
cash flow implications of debt
Integrate long-term planning, treasury
strategies and corporate development analysis
Simulating
Reporting
Deal Period functionality to simulate mergers
and acquisitions
Freestyle Reporting for professional-quality
reports and graphs
14
Dashboards Scorecards
15
Oracle Business Intelligence Enterprise Edition
16
Financial Reporting
17
Best Practices in Implementing EPM BI
  • Getting Buy-in
  • CXO level to all stakeholders is critical
  • It is important to show the value to all
    audiences
  • Engage with a partner who has previous
    experiences and can present the strategic value
    of the solution
  • Showing Business Value
  • Its NOT just about being able to close your
    books and report faster, nor is it just about
    being able to better plan
  • It IS about being able to gain a competitive
    business advantage by modeling what if
    scenarios and being more agile and nimble
  • It IS about being more dynamic and gaining the
    ability to to re-forecast on a monthly basis
    versus having an annual static budget that
    doesnt take into account where things are today

18
Best Practices in Implementing EPM BI
  • Reducing the Time to Go Live
  • Leverage a partner with specific domain expertise
    in finance and reporting and previous experience
    with implementing Hyperion EPM and BI solutions
  • Understand Risks, Political and Cultural Impacts
  • Know and understand the potential political and
    culture issues in advance so they can be
    mitigated and eliminate resistance
  • Implement in Phases
  • Pilot, department rollout, enterprise rollout
  • Training
  • Ensure each stakeholder is successful by ensuring
    proper training from a knowledge expert

19
Best Practices in Implementing EPM BI
  • Documentation
  • Ensure the solution rollout is documented to ease
    any future changes to the system
  • Improving Best Practices
  • Build an EPM or BI Center of Excellence
  • Educate the organization on the value i.e. how
    strategic financial and operational planning,
    workforce planning, world-class financial close,
    performance scorecards and dashboards, business
    intelligence and modeling what if scenarios
    creates a Performance Accountable Organization
    (PAO)
  • Choosing a Partner
  • Select a partner that covers the full spectrum of
    Hyperion technologies and understands how ERP
    fits into the picture

20
Apollo Group
  • Global Consolidation, Planning, Forecasting,
    Reporting, and Analysis, including both
    Financial Operational Detail
  • HFM, FDM, Planning, Essbase, OBIEE, BI
    Applications
  • Reporting packages produced directly from
    transactional systems
  • Heavy reliance on Excel for consolidation,
    planning, and reporting
  • Financial and Planning Models required
    significant time to update, distribute, and
    collect data
  • Company was actively acquiring new schools
    globally
  • Need to improve Sarbanes-Oxley compliance
    auditability
  • Lack of financial and KPI analysis and reporting
  • Streamlined and accelerated monthly close process
  • Established SOX-compliant security processes for
    system access and change controls
  • Improved Budget and Forecast process
  • Created single version of the truth with tighter
    Oracle EBS integration
  • Designed Dashboards and Data Warehouse to
    facilitate flexible timely reporting of
    financial operational data
  • Improved controls and efficiency by automating
    manual tasks and increasing user satisfaction
  • Architected to support future projects
  • Define Business Requirements
  • Design, Develop, Implement, Test and Train in
    support of global Implementation of HFM
  • Establish data integration strategy to support
    HFM and Planning
  • Leverage Best Practices to define world class
    standardized external reporting toolsets
  • Establish SOX compliant security processes for
    system access and change controls
  • Improve Financial and KPI reporting and analysis
    utilizing OBIEE Financial Analytic Application

21
Contact Information
  • Len Romano
  • Regional Director
  • (708) 453-1549
  • lromano_at_topdownconsulting.com
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