Tuesday Mar 08, 2016

Reasons to be Cheerful – a Whole 1000 Cloud Reasons!

In the song “Reasons to be Cheerful (Part 3)” released by Ian Dury and Blockheads in 1979, the lyrics list – believe it or not – many reasons to be cheerful! You will be pleased to know I will not be listing 1000 reasons here, as my 1000 reasons relates to the milestone reached last month of 1000 customers of Oracle EPM Cloud Services. A milestone reached in just two years from the release of the first Oracle EPM Cloud Service – Oracle Planning and Budgeting Cloud Service (PBCS) - on 14 February 2014. Certainly for Oracle and our customers, a 1000 reasons to be cheerful – you can listen to some of our customers by clicking on these names Racepoint Global, Western Alliance Bancorp, Moda Holding, Bukhatir Group, and Baxters.

To put the numbers in perspective, it took 5 years to reach the 1000 customer milestone when we released Oracle Hyperion Planning back in 2000. If you do the math for Oracle Planning and Budgeting Cloud, you will see customers have been signing up at the rate of 1.37 per day every day since the launch!

So, to what do we attribute this success? Here is my list:


  1. Oracle PBCS is built from the ground up for pure cloud deployment and can support simple requirements as well as enterprise planning complexities that the on-premises Hyperion Planning product handles.

  2. Oracle PBCS is based on the experience of over 5000 planning and forecasting customers globally, 1000s of years of staff experience, but is also highly innovative benefiting from Oracle’s large investment in R&D.

  3. Oracle PBCS integration is built to support the smallest or largest customer needs. You can start with simple ASCII imports and then add more sophisticated integration capabilities such as GL/Hierarchy mapping, data quality management and drill through to source.

  4. Oracle PBCS is priced and designed to provide competitive TCO whether you are a small or large enterprise (just a single subscription fee per user and no additional hidden charges).

  5. Oracle PBCS is proven for any size/complexity of EPM requirements and for scalability. Over 50% of the 1000 customers are small or midsize, but we also have user counts of more than 1000 in some customers who are using it for complex zero-based budgeting and other planning activities.

  6. Oracle PBCS provides simplified ‘business user’ driven cloud deployment, configuration, and administration, designed to be implemented and managed by the finance and the lines of business with minimal reliance on IT or additional consultants. Virtually zero training is needed, due to built-in starter kits and online help/tutorials.

  7. If you should need help globally, there are 1000s of trained experts available through Oracle’s vast network of partners, many of whom offer low cost, fixed price packages for their PBCS services.

  8. Oracle PBCS deployments span the entire enterprise across finance, marketing, sales, operations, HR, etc. using a wide span of planning techniques including predictive planning, driver-based planning, rolling forecasts and zero-based budgeting.

  9. Deployed in the Oracle-owned and operated data centers, PBCS leverages in-memory processing and is designed to scale without impact to performance or complexity of administration.

  10. The Oracle Cloud single tenancy approach, along with two environments (test and production), provides world class security and the flexibility for customers to chose when they upgrade to suit their specific business needs.

I think this is a good top 10 list for now. There are many more reasons to be cheerful, and more to come as additional enterprise Oracle EPM capabilities are coming to Oracle SaaS very soon.

By the way, in case you were wondering, there never was a part 1 or 2 from Ian Dury and the Blockheads, but do go out on the internet and listen to part 3; it is a classic. While you are there, you can find out much more about Oracle EPM Cloud solutions here.

Friday Jan 29, 2016

Tell me more - Narrative Reporting Comes of Age

By Guest Blogger Wayne Heather 

With the digital economy dominating many business segments today, the value of many organizations goes beyond tangible assets. In fact, nowadays it’s not unheard of for 80% of the value of the company to consist of intangible assets. AirBnb and Uber are perfect examples; leaders in their respective industries, yet they own no assets directly associated with delivering their services. Most of the value of their businesses is held in intellectual property, and in their business strategy and model.  So how can you make sure that an accurate value of the organization is captured and shared?

Traditional Reporting is Falling Short.

Today, most reporting tools are great at disclosing quantitative information, but fall short in the delivery of qualitative information. Most organisations have systems for operational and financial reporting, but often struggle to collect and report on the business narrative to explain those numbers. While organisations are obligated to report in a timely and accurate manner, they also see a need to deliver a level of visibility and transparency that provide stakeholders an understanding to instill confidence in the numbers being reported. 

What is Narrative Reporting?

It is very difficult to communicate things like business strategy, budget justifications, or the cause of certain patterns in the data purely through numbers and graphs on traditional reports. By using a more free-form layout of descriptive paragraphs, narrative reports augment and, in some cases, replace traditional structured content of tables or graphs. Readers find narrative reports extremely useful for understanding not only “what” has happened, but to answer the “who”, “when”, “where” and “why” questions that provide a deeper explanation of the organization’s performance. 





Most people immediately see the value of narrative reporting for external reporting and, sometimes, regulatory reporting. They recognize that for many companies, especially those who's value is tied to intangible assets, narrative reporting is proving vital for helping external readers understand the true value of an organization.  

Are there Broader Audiences for Narrative Reporting?

Upon seeing the power of narrative reporting for external communication, there is a large and growing appetite from internal consumers for reports that present more than just quantitative information to explain the organization’s performance. The richer set of information that narrative reporting brings, enhances communication among the various internal departments, creating an environment of empathy and teamwork, and the desire to pull together toward common organizational objectives.

In subsequent posts, I plan to look deeper into what narrative reporting looks like using three factors – committed people, strong processes, and technology to effectively assemble the prescribed content for narrative reports –  that organizations should consider to successfully implement narrative reporting.

To learn more about Oracle's narrative reporting solution, click here


Wednesday Jan 20, 2016

Maintaining Margins by Understanding Costs

Recently, the Finance Executives Research Foundation (FERF) and Protiviti released the results of their Q3-2015 “Finance Priorities” survey, where more than six hundred financial professionals provided opinions on the priorities for finance organizations.  The report, “Maintaining Margins While Staying Vigilant” (available here), points out that “margin and earning performance ranks as the highest priority…in our survey.”

The report recommends an action item for Finance Leaders: “Review how the company currently manages and monitors margin and earnings performance, assess how this approach compares to best practices, and determine how to address any gaps.”

Ultimately, a key to managing margins is controlling costs. How does your organization manage costs and, by inference, margins?



When facing a cost-saving challenge, some organizations assign arbitrary cost cutting goals (e.g., “we will cut all costs by 5%”). While some organizations have seen short-term benefits in this approach, it doesn’t generally generate long-term success. This approach can actually increase risks, for example, by impacting employee morale because of unrealistic demands, or by reducing quality leading to customer dissatisfaction, just to name a couple.

A better approach to managing costs is to understand the behavior of costs. Organizations that undertake to study how costs respond to business activity are more likely to implement a reasonable approach to monitoring costs. It appears that initiatives like activity-based costing / management (ABC/M) may still have a place in finance organizations.

Continue to check this blog site. We will post more blogs on ABC/M to provide specifics on how it is being applied. I will also look at other findings from the FERF “Finance Priorities” survey.

To learn more about Oracle Profitability and Cost Management, click here

Thursday Dec 17, 2015

Maintaining Enterprise Hierarchies? Surely, that’s not my Responsibility!

By Guest Blogger, Gilles Demarquet 

Does this complaint sound familiar? “We attend meetings where people arrive with “different figures” and end up spending too much time trying to resolve the causes of the discrepancies.”

Often these discrepancies are caused by different hierarchy definitions or different ways to roll up information. And, frequently, it’s a challenge to identify who should be in charge of the definition. In many case, it requires management involvement to define the rules and to get consensus.

In a previous post discussing hybrid environments consisting of both on-premises and cloud deployments, I emphasized that a dedicated approach for managing hierarchy changes is preferable to trying to maintain reference definitions in each application. I concluded that discussion by pointing out that successful deployments require committed people, strong processes, and technology to maintain consistent definitions for the reference data used in on-premises and cloud applications.

In this post, let’s consider who is and who should be involved in the maintenance of reference data in a hybrid implementation. There are two major areas of an organization that lay claim to “ownership” of reference data definitions – the IT department and business users. 




Historically, the IT department took care of maintaining the reference data definitions since only they had access to the tools to maintain them. This approach led to dissatisfaction in the business community as IT often became a bottleneck to timely (and correct) maintenance of hierarchy definitions.

In reality, requests to update hierarchies can be proposed by any number of business users and from a variety of functional areas. For example, finance end users might submit change requests for creating a new account, while operations might request an update in the product references. Each end user might be considered an owner of his or her respective information.

A well-designed solution to hierarchy maintenance in a hybrid environment requires dedication from both of these organizational groups. So the answer to who should be involved is “everybody with a stake in having consistent hierarchy definitions.” That includes IT and business users – if you are a member of either group, then you have a stake in ensuring correct and consistent enterprise hierarchies.

Is it possible to get these groups to work together? How do you resolve potential conflicting requests? This is where the inclusion of strong processes contributes to the successful deployment. I will elaborate on this topic in the next post. Stay tuned and forward any comments that you have.

To learn more about software solutions for maintaining enterprise hierarchies, click here.

Wednesday Dec 02, 2015

Coexistence of Cloud and On-premises Applications: Reference Data – Is there really a Choice?

By Guest Blogger, Gilles Demarquet 

In a previous post, I suggested three important aspects to consider when looking at the coexistence of on-premises and cloud applications. And I promised to expand on the need for consistency when managing and sharing common reference data, like cost center hierarchies or chart of accounts, when using this hybrid approach.

What does that mean?
Many applications use the “same” master/reference data but often with subtle variations or differences. For example, one application may need to roll up cost centers by function, while another may need to summarize cost centers by geographic location.

How do you define the hierarchies used in these applications? How do you ensure that the applications use definitions that consistently describe the common components of the hierarchy, while being flexible enough to include hierarchy components for their unique purposes? How do you coordinate hierarchy changes among these applications to reflect business changes?

Historically, I have seen a couple of approaches:

1. Define the hierarchies directly in each of the applications. 
Of course, this approach means that any hierarchy definition must be replicated (often manually) in every single application. Along with duplication of effort, this introduces the risk associated in ensuring that changes are done completely and consistently. And, if you have both on-premises and cloud environments, this effort may be more challenging because you may have to perform such changes in different kind of environments.

All-in-all, this is NOT the recommended approach.

2. Maintain hierarchy definitions in isolation from the applications. 
The idea is to make the changes once, in a single place, and then propagate them to the various applications that require the use of this reference information.

Experience has shown me that this is the preferred way to proceed. It creates a common vocabulary throughout the organization and contributes to the organization’s ability to maintain a single version of the facts.

What do you need to be able to effectively manage your organization’s hierarchy definitions?
It boils down to three considerations – committed people, strong processes, and technology to maintain consistent definitions for the reference data used in your on-premises and cloud applications. I will expand on each of these considerations in subsequent posts.




To learn more about software solutions for defining and maintaining enterprise hierarchies, click here.


Monday Nov 23, 2015

EPM Innovation Award Winners from Oracle OpenWorld 2015

By Guest Blogger Chris Grouchy 

Each year at Oracle’s annual OpenWorld conference, we unite thousands of customers from around the world who leverage Oracle products and solutions to help them continuously improve their business processes. At Oracle OpenWorld, we showcase the innovation that happens inside these companies and, indeed, this year was no exception.

Last month, we honored some of our most pioneering customers for their outstanding performance improvements and internal innovations in Enterprise Performance Management (EPM). The winners went above and beyond to transform and innovate their EPM business processes using Oracle solutions. This blog post highlights the winners of the 2015 Fusion Middleware EPM Innovation Awards, how they use Oracle solutions to impact their businesses, and why they were recognized.


Amazon
Amazon received one of three 2015 Fusion Middleware EPM Innovation Awards. Before implementing Oracle Hyperion Financial Close Management (FCM), Amazon's financial close process took between 15 and 20 days to complete. With the help of The Hackett Group as their implementation partner, Amazon now reconciles and reports on 16,000 accounts every day of the close process (rather than only once or twice a month) providing much needed visibility and accuracy, and enabling them to close in one hour. In addition, 80% of these accounts are now reconciled automatically without intervention. Amazon was also able to incorporate all key statutory reporting requirements into Oracle Hyperion FCM which enables them to centrally manage the creation of their statutory reporting.

Tampa International Airport 
Oracle also recognized Tampa International Airport with a 2015 Fusion Middleware EPM Innovation Award. This organization successfully implemented a number of analytics solutions designed to revamp their Enterprise Performance Management (EPM) and Business Intelligence (BI) processes. Using these solutions, Tampa International Airport was able to add new flight routes which have generated entirely new sources of revenue for them. In fact, Tampa International Airport has increased its sales win rate by 30% since implementing the solution. They can also properly manage key assets more effectively now-- such as its parking space utilization-- through smarter analytics. In addition, Tampa International Airport is now able to efficiently manage its people and resources, and accurately forecast passenger growth. 

Serta Simmons
Oracle’s third recipient of a 2015 Fusion Middleware EPM Innovation Award is Serta Simmons. This company uses multiple Oracle Enterprise Performance Management products to help manage the financial close process. Serta Simmons has implemented Oracle Hyperion Financial Management, Data Relationship Management, and Essbase with the BI Foundation Suite which, together, have resulted in the company being able to reduce the time it takes to consolidate by 5 days. Managing reporting that used to take days and hours is now reduced to taking only minutes and seconds. Serta Simmons will be implementing Oracle Hyperion Planning in the near future to further its strategic oversight and governance over its financial management processes, and have their sights set on visualization and mobility after that.

We would also like to recognize the following nominees for a 2015 Fusion Middleware Innovation Award for their outstanding achievements: MD Anderson, Wilsonart, HomeStreet Bank, Cheniere Energy, Boeing, UNS Energy, Terumo, and Enel. We wish you continued success with your Oracle solutions and applaud your innovative achievements.

Oracle OpenWorld 2016 is set to take place September 18–22, 2016 in San Francisco, California. To learn more about the event and how you can be part of it, please click here

To learn more about Oracle Enterprise Performance Management solutions, click here.

Friday Oct 02, 2015

OpenWorld 2015 – The Oracle EPM Team Forecast is ‘Cloudy’!

With nearly 50 EPM conference sessions, 7 demo stations and 2 hands-on-labs, plus 35 customers, 15 partners and 26 Oracle staff speaking, Oracle OpenWorld (October 25–29, 2015,  San Francisco) offers more Oracle EPM content and expert experience than any other conference in the world. Whether you already have, or are considering, Oracle EPM On-Premises or Cloud solutions, Oracle OpenWorld is the place to be.

EPM Cloud is in the spotlight this year, with sessions covering existing Oracle EPM Cloud customers, products and strategy, as well as roadmap sessions that set out plans for new offerings coming in the next 12 – 18 months. Attendees will also get the opportunity for a ‘first look’ at some of these new Cloud solutions. In addition, a number of customers will share their experiences and results from using Oracle EPM Cloud solutions.

In addition to Oracle sessions covering On-Premises Oracle EPM Products, there is a focus on customers sharing their experiences with over 10 sessions dedicated to multiple customer case studies.

Do you want to get more product detail or even get your ‘hands on’ Oracle EPM products? We will have experts ready to demonstrate the complete range of both Cloud and On-Premises products, and you can also book to attend a ‘hands-on’ session where you can try out Oracle EPM Cloud solutions first-hand.

So what sessions should you look out for?



  • Oracle EPM General Session with KPMG: Executive Briefing on Oracle’s EPM Strategy and Roadmap [GEN7014] Monday, Oct 26, 4:00 p.m. | Moscone West—2008

  • Customers Present: Oracle Planning and Budgeting Cloud Service [CON9540] Monday, Oct 26, 1:30 p.m. | Moscone West—3018

  • Oracle Fusion Middleware: Meet This Year’s Most Impressive Innovators [CON10374] Tuesday, Oct 27, 4:00 p.m. | YBCA Theater

  • New: Oracle Planning and Budgeting Cloud Service Enterprise Edition [CON9529] Wednesday, Oct 28, 11:00 a.m. | Moscone West—3018

  • What’s New and What’s Coming: Financial Close in the Cloud [CON7031] Wednesday, Oct 28, 11:00 a.m. | Moscone West—3020

  • Product Development Panel Q&A: Oracle Hyperion EPM Applications [CON9524] Wednesday, Oct 28, 12:15 p.m. | Moscone West—3009

Also look out for customers who are speaking including Kraft Heinz, Serta Simmons Bedding, Wilsonart International, Baxters Food Group, Ambarella Corp, Invesco, WestRock Co, Cognizant Technology Solutions Inc, Vodafone, EA, Suntrust Banks, Inc. and many more.

And, don’t forget the Customer Appreciation Event held on Treasure Island on Thursday evening, Oct 29, where you can hear great music from Elton John and Beck. Have fun and learn at Oracle OpenWorld 2015. We look forward to seeing you there!

To find out about everything Oracle EPM and OpenWorld 2015 click here.


Tuesday Sep 08, 2015

How Can the Cost of a Coffee and Croissant Change Your Business?

By Guest Blogger Wayne Heather, Director, Global Business Analytics Group

A recent survey highlighted that 75% of finance professionals are still drowning in spreadsheets - this astounded me. How, in this day and age, can not only midsize, but also billion dollar companies, still justify running their budgets and forecasts on spreadsheets?  This is so fraught with risk that there is even a website dedicated to documenting cases where companies have had to restate financial figures, lost share value and even had to pay massive penalties to regulators through the inappropriate use of spreadsheets.




Budgeting and forecasting are what drive organisations - the actuals just follow. This means the plan and forecast are an organisation’s ‘Guidance system’. So how do organisations expect to hit their targets using the wrong tools for the job? The good news is Cloud is a becoming a game changer in the way organisations are adopting modern planning, budgeting and forecasting solutions.  I would consider the speed of time to value and the low cost of adoption being the two key drivers to make cloud the way forward. If I were responsible for delivering the organisation's plan and forecasts, and I could adopt a modern ‘guidance system’ in the cloud for as little as the cost off a coffee and croissant, per user, per day – I’d be crazy not to! With that in mind, why would you gamble on your organisation's future using something like spreadsheets to plan its future?

To learn more about budgeting and forecasting in the Cloud, click here

Friday Jul 31, 2015

Can EPM Go Fully Cloud?


By Guest Blogger Muthu Ranganathan, Director, EPM Product Management at Oracle

There is no denying the fact that the world is moving towards “the cloud”, and CFOs and CIOs have come to the point where they can’t avoid recognizing the many benefits of the cloud. While finance took more time than their peers in Human Resources or Sales to go to the cloud, recent trends indicate that more CFOs are open to “getting on the cloud”.

Opex vs Capex

Given CFOs care a lot about cash flow and ROI, the biggest advantage for them with cloud is the “Opex" (Operational expense) element, as cloud systems are not “Capex”(Capital expense) types. The cloud certainly helps them with profitability and cash flow as a justification to move to the cloud.

Beyond Organizational Boundaries
– You just need a URL and your cloud applications can be easily rolled out to your customers, vendors and other stakeholders in your business network. This is a huge advantage for finance, especially when they can exchange information through the systems. Imagine getting sales forecast data from your distributors, or project finance data from your subcontractors.

No Shelfware – One of the biggest pains of the past was that a lot of software was purchased, but not used. The unused “shelfware” became a sunk investment due to the lack of resources available to get the application installed and working. Cloud completely eliminates this issue as installation and management is provided by the cloud vendor.

No Hardware - other big benefit is that you don’t have to worry about hardware costs - and more importantly maintaining hardware - the installed applications, and having to consider different test and production environments.

New Features Rapidly – When we login to Gmail or LinkedIn every day, we often see that there are a lot of new features added. This is the power of the cloud. The same is also true for enterprise applications – you no longer have to wait for a long upgrade process to see new features, because they are installed by the Cloud vendor and appear regularly and rapidly in the cloud.

Simpler to Use – organizations can take advantage of new design ideas and new technology like mobile and social functionality which may not be available or difficult to implement in the on-premises solutions they currently use. Also Cloud solutions deliver significantly simplified application management designed for Business users with the complex IT management being handled by the service supplier.

Security is no Longer an Issue - Uptake of cloud solutions has been across many application types, including HCM, ERP, SCM, CX, and EPM, all industry sectors, including Public Sector and Financial Services, and organization sizes, from very small enterprises to global brands. For this to happen these organizations (especially sectors like Financial Services and Public Sector) have to be convinced that their data will be safe, their systems will be available when they need them and there will be sufficient capacity to provide the response they expect. Given the 1000s of organizations that have moved to the cloud and likely due diligence they have applied organizations should not be citing security as an impediment to moving to the cloud.

EPM and the Cloud
Enterprise Performance Management (or Management Accounting / Information Management) systems have evolved through different generations of software. Reporting, planning, profitability and consolidations have evolved from spreadsheets to desktop applications, to the web, and now to the era of cloud and mobile. While the above benefits are relevant for EPM systems, there are even more that make it clear it is time for EPM to move to the cloud.

Tapping the Unserved Business Users - While EPM systems have existed for over a decade, it has still been a highly corporate finance affair for many years. Still, many Business Unit level users rely on spreadsheets and other unstructured ways of creating and seeking information. There are several reasons for this, one of the main being difficulty in maintaining IT systems, costs, and lack of technical consultants to support their pursuits. With cloud, we see a change where we can now roll out these systems just via a url to anyone in the company at a very affordable subscription-based price. It starts to really tap into the departmental use cases for Business Unit CFOs and other business users such as HR, Marketing, Sales Ops etc. With Oracle Planning and Budgeting Cloud Services, as well as Oracle Enterprise Reporting Cloud Services, departmental business users are better served. 

Business Calls the Shots - Traditionally, Business users, especially coming from finance, have owned the EPM systems. Often in the past, due to heavy Capex and upfront investments as well as infrastructure/upgrade needs, IT had to be heavily involved in EPM projects. With the cloud, business users are able to make quick decisions and call the shots for EPM systems as they do not need major IT resources to get them up and running. They can be live in just a few days or weeks. This is certainly an exciting reason for business and finance to move to the cloud for EPM. We are seeing faster adoption due to Business being in charge for Oracle Planning and Budgeting Cloud services.

People as the Focal Point - Cloud brings with it the benefit of receiving new features rapidly, as mentioned earlier. As users have now experienced consumer grade cloud applications like Facebook, they will expect enterprise applications also to act in the same way; so the focus is mostly on user experience, flexibility and keeping it very simple for the users. Also, for EPM systems, users have been great fans of spreadsheets; so it’s very important to have the user experience to be like a great consumer grade application combined with the flexibility and simplicity of spreadsheets. The great advantage with cloud is, engineers who build these systems get really close to seeing how users use the solution and roll out changes more frequently. Oracle Planning Budgeting Cloud Service has been very well received by users because of the great user experience and spreadsheet-like flexibility on the web, and because it is supported by the Oracle SmartView for Microsoft Office interface - a great solution for the Excel lovers

The Case for Hybrid EPM 
But, with the benefits and value mentioned above the question still remains - can all of the EPM systems go fully into the cloud? The answer is yes!But, it may take more time since many companies have mission critical financial consolidation and reporting systems, as well as corporate planning systems in which they have invested over the years, and cannot be replaced in a short period of time.

This is why Oracle provides a hybrid EPM strategy for companies to combine on-premises and cloud based EPM systems. What we see is that customers are continuing to leverage their existing on premises deployments for the corporate finance needs, and using cloud applications and infrastructure to surround these for new Departmental and Business Unit needs.



As both on-premises and cloud run on the same best-in-class Oracle Hyperion technologies, they offer a seamless and integrated as a suite of hybrid EPM solutions. While Cloud EPM systems provide significant benefits to warrant moving to the cloud in the medium term, hybrid EPM is likely the best strategy for the short term; and Oracle is the best equipped to provide a comprehensive solution for both worlds.

For more information on Oracle EPM on premises applications, click here
For more information on Oracle EPM Cloud, click here

Tuesday Jun 16, 2015

How to Dive Deeper into Profit and Cost Analysis with Oracle HPCM


Today’s global business market is high-paced, overloaded with information, increasingly hyper-competitive, but most importantly- focused on profit. The economic downfall resulted in an intensive focus on cost control, but with Oracle Hyperion Profitability and Cost Management (HPCM) you can drive your business performance by targeting the sources of cost and profitability and enable analytic users to improve resource allocation. HPCM can make the challenge of identifying true profits and underlying costs easy, and help you come out on top.

With HPCM, allocating and analyzing costs at a granular level reveals how customer-driven interactions impact profitability. Strategic profit and loss reports will reveal this previously hidden information to help you stay focused and make better, more profitable decisions.

Take advantage of HPCM features to transform your financial data into actionable information for management reporting. Some of HPCM’s key features include:

-  Flexible allocation platform
-  Traceability maps
-  Business rules engine
-  Multi-dimensional calculations
-  Detailed cost and profitability calculations
-  Powerful analysis and reporting
-  Integration with other performance management applications

Most importantly, Oracle HPCM enables you to use the same profit information across all LOBs in your enterprise.

Benefits
Today, companies like yours are facing the challenge of change by deploying Oracle HPCM, and realizing the benefits from this implementation. One of the main benefits of HPCM is the identification of where your profits lie, and how much you truly make – with transparency, by alignment of fully loaded costs with product and service revenue. Another benefit is the ability to perform faster, easier, multi-dimensional analysis and scenario modeling by leveraging Oracle Essbase, the industry’s leading online analytical processing (OLAP) server. Additionally, customers can now master profit and loss from every dimension in order to keep pace with competitors so they can protect their profit ‘winners’ and fix their profit ‘losers.’ Organizations are now able to automate their cost allocations for centralized and common functions. Larger organizations can operate under economies of scale by centralizing common functions like IT, HR, Legal and Finance into Shared Service Centers, and allocate the costs to users based on consumption.



Customer Successes
interRel Consulting is an Oracle partner that helped to implement HPCM at MD Anderson Cancer Center, where HPCM has been used to determine costs down to the resources level. As CEO Edward Roske said, HPCM “helps them to understand medical resource allocations and helps to save more lives with ever reducing resources.”

SIBS Forward Payment Solutions attribute their process efficiency gains and competitive advantage to the implementation of Oracle HPCM.

For more information on Oracle Hyperion Profitability and Cost Management, click here
To view “Is Your Enterprise Truly Focused on Profit?” – an Oracle Infographic that highlights the benefits of HPCM, click here
To view “Business Transformation Through Focused Profitability and Cost Analysis” – an Oracle whitepaper on HPCM, click here

Friday May 29, 2015

Customers and Partners Discuss the Benefits of Oracle Planning and Budgeting Cloud

By Guest Blogger: McKenzie Clune

Oracle Planning and Budgeting Cloud (PBCS) enables businesses of all sizes to rapidly adopt a world-class planning, budgeting and forecasting solution. This service features first in class planning and forecasting functionality, and enables accelerated adoption and flexible deployment options to meet your changing business needs. Oracle PBCS works to connect operational assumptions to financial outcomes and requires no capital infrastructure investment and minimal IT resources.  




At Collaborate 2015, Nigel Youell, Senior Product Marketing Director of Enterprise Performance Management at Oracle was joined by Emily Baird, Senior Accountant for Diono LLC to talk about Diono’s use of PBCS. Emily described Diono’s decision to adopt PBCS – namely, Diono’s budgeting, forecasting and reporting processes were very dependent on spreadsheets, and the tool that was directly linked to the ERP system was resulting in broken links and data integrity issues. As a rapidly growing mid-sized company with a global footprint, Diono found the cloud aspect of PBCS very attractive due to the low investment and scalability. PBCS had the potential to grow with the company.  

Diono’s implementation lasted roughly six months, and the company has already experienced significant improvements in reporting, annual budgeting and overall productivity. Specifically, Emily touches on how calculations, translations and consolidations of data from seven different countries, a once five week process, can now be performed in minutes – Thanks to Oracle’s PBCS!



To watch the video, click here

Nigel also spoke with Scott Costello, Director for Cloud Service and Emerging Technologies for Key Performance Ideas, about the benefits their customers have been realizing with PBCS. Key Performance Ideas currently has about 15 organizations using the software, and that number continues to grow. Scott talks about the agility that comes with PBCS, and how customers are leveraging the software for Line of Business (LOB) planning outside of Finance, including  sales planning, marketing planning, and even daily and weekly planning.  

One of the main benefits Scott describes is the positive economic impact associated with implementing PBCS, which makes it an attractive product. With PBCS, there are no upfront infrastructure costs or maintenance costs, and customers receive automatic updates. Lastly, the subscription aspect of PBCS allows for flexible and scalable deployment. Oracle’s PBCS has made many operations easier, and our partners and customers are realizing the associated benefits.



To watch the video, click here
To learn more about PBCS, click here


Thursday May 28, 2015

Oracle Hyperion Tax Provision: An Integrated Solution Bringing Tax and Finance Together

By Guest Blogger: McKenzie Clune

Oracle Hyperion Tax Provision (HTP) is an unparalleled tax reporting solution that integrates directly with the financial close and reporting process. This solution solves data and process challenges faced by corporate tax departments. The secret is that the tax provision problem does not lie with actual calculation of a tax provision, but rather with the collection and management of the data necessary to calculate the tax provision, which is why Oracle HTP works to streamline the process. Additionally, with alignment to financial department data and processes, you can achieve a more effective, efficient and transparent tax function.

At Oracle OpenWorld, Nigel Youell, Senior Product Marketing Director of Enterprise Performance Management at Oracle, was joined by Jim Gruber and Michael Pilch from TransRe to discuss their experience with Oracle HTP. Jim Gruber is from the Tax Department and Michael Pilch is from the Accounting Department of TransRe, which added interesting insights to this interview because Tax Provisioning is often a discussion between these two departments as the tax close process is  integral to the finance close.




TransRe shed light on their implementation process of Oracle HTP and how they achieved a “bringing together” of accounting and tax, which is something that had been lacking on the tax side of things previously. Due to this “bringing together”, the benefits realized in the tax provision process directly improved the financial close. Furthermore, by working within an integrated finance and tax-reporting platform, both the finance and tax departments spoke the ‘same language’ or ‘one version of the truth’ as TransRe describes it. There is less room for misunderstandings or inconsistencies involving data, metadata, and process, and more room for analysis--which is their ultimate goal.  TransRe is working to shorten their processes further, which will allow for even more time for analysis and improvements.

To watch the video, click here

Also at Oracle OpenWorld, Nigel was joined by Bart Janssen from Deloitte Netherlands to discuss how things have changed with the availability of Oracle Hyperion Tax Provision. Bart indicated that this solution is truly a game changer for tax because it leverages the knowledge of and closes the gap between finance, tax, and IT. This enables these parties to collectively work together, which ultimately results in the best tax solution for the company. The tax provision and financial close of a company go hand in hand as the Tax Department receive their data from the Financial Department, and therefore they need to be integrated. Oracle Hyperion Tax Provision results in a successful, more integrated process.



To watch the video, click here.  
To learn more about Oracle Hyperion Tax Provision, click here

Tuesday May 05, 2015

Enterprise Performance Clearly Explained With a Collaborative, Intuitive, Reporting Solution

In today’s Digital Age, the ability for management to clearly explain the quality and sustainability of corporate performance has become more important than ever.  Increasingly, the ability to value and explain the value of intangible assets is becoming a competitive differentiator.  Global and regulatory mandates around narrative reporting are also emerging, with the EU Directive on Non-Financial Reporting and SEC interest in making financial disclosure more effective.  

While there is a clear need for increased commentary and narrative in reporting, most performance reporting processes remain manual and ad-hoc.  The effort is time consuming, lacking process rigor and collaboration.  Errors are made in combining ‘data’ (what) with ‘narrative’ (who, when, why), especially with re-keying data.  In addition, organizations lack the ability to analyze the data to validate the narrative.  The disconnected nature of the process means it is difficult to bring subject matter experts into the process for centralized commentary.  Finally, there are auditability concerns and weak security around supporting “need to know” access to content.

In fact, in a recent survey, 90% of respondents agreed that expanding qualitative commentary in management reporting processes was critical to their organization. Yet, more than half of respondents were not confident in their tools to provide sufficient collaboration to produce that qualitative commentary.   

Oracle Enterprise Performance Reporting Cloud,  the newest offering in Oracle Enterprise Performance Management (EPM) Cloud, helps address these challenges.  It uniquely combines management, narrative and statutory reporting needs in a single, secure, and collaborative solution.  Complete authoring, collaboration, commentary, and report delivery capabilities streamline the process.  You can easily combine system of record data for more accurate reporting.  Secure, role-based auditable access on desktop and mobile devices enables the delivery of faster, meaningful insights to all stakeholders, anytime, anywhere.

Oracle Enterprise Performance Reporting Cloud combines data and narrative, providing a single web interface for report package contributors.  Report package owners define, manage, monitor and interact with content through this interface, while assigned users see only the content applicable to the role they have been assigned. In addition, users can easily take a deeper dive into the data without leaving the application.  Oracle Enterprise Performance Reporting Cloud includes the ability to perform multi-dimensional and other analysis on financial data.

The solution enables business users to participate in the narrative reporting process through the web interface on a variety of devices, including desktops and tablets.  Collaboration throughout the process is key to getting the most accurate picture possible, and helps shrink the time it takes to define, produce and deliver reports.

Increased demand, both internally and externally, for information, plus many data sources can make it challenging to have confidence in the results reported.  Oracle Enterprise Performance Reporting Cloud enables you to easily combine system of record data into your narrative reporting.  Authors can integrate both on-premises and cloud-based EPM and BI data sources directly, as well as integrate data from Oracle and other ERP systems, thereby leveraging existing IT investments.  This helps provide trust and reliability that the numbers and information are accurate.

We have seen tremendous interest from customers looking to “standardize” on a platform for narrative-based performance reporting.  Reporting needs range from quarterly or annual reports for external stakeholders, to internal management and business performance reviews, as well as periodic reports submitted to industry agencies, sustainability reporting, and more.

“We find Oracle Enterprise Performance Reporting Cloud extremely intuitive and easy to use.  The cloud-based nature of this solution, along with strong collaborative and security features, will help streamline the time it takes our clients to produce and deliver reports.”  Neil Sellers, Director Qubix

Stay tuned for more exciting news around customer adoption in the coming months!

To learn more about Oracle Enterprise Performance Reporting Cloud, click here.

Tuesday Apr 21, 2015

Great Oracle EPM Content at Collaborate15 in Las Vegas


Last week, the Oracle Enterprise Performance Management (EPM) Product Management and Product Marketing teams went to Las Vegas for the combined US User Groups (OAUG, IOUG and Quest) Collaborate15 conference. Overall, there were some 73 Enterprise Performance Management (EPM) sessions delivered by Oracle, partners and customers covering all aspects of the subject and a wide range of Oracle Enterprise Performance Management solutions. In addition, there were three Oracle demo pods for Enterprise Performance Management, Business Intelligence and Big Data.

The Oracle sessions included updates on Oracle Hyperion Financial Close Suite from product manager Rich Wilkie, and Oracle Hyperion Enterprise Planning Suite from product manager Shankar Viswanathan. There were also sessions on current and forthcoming Oracle Cloud products – Oracle Planning and Budgeting Cloud Service presented by Shankar Viswanathan, and Oracle Enterprise Performance Reporting Cloud Service presented by Jennifer Toomey from Oracle EPM Product Marketing. Al Marciante, from product management, gave an update and an outline of the roadmap for the entire Oracle Enterprise Performance Management suite.



Jennifer Toomey

While at the conference, the Oracle Product Marketing team worked with customers, partners and staff to organize and record short videos based on the presentations they gave so that the great information they presented can be shared with a much wider audience. In total, 22 videos were recorded and will be released via the Oracle Business Analytics YouTube channel (link) over the next few weeks. There are some great stories in the videos on how organizations have implemented and benefited from Oracle Enterprise Performance Management. For example, one customer was able to reduce budget calculations and aggregations from weeks to minutes with Oracle Planning and Budgeting Cloud Service and another customer, using Oracle Hyperion Accounts Reconciliation Manager, was able to reduce their time to close from 15 days to 8. Watch for links to these videos published via our social media channels - @OracleAnalytics, LinkedIn - Official Oracle Business Analytics group. We will also post a selection of links here in a few weeks.

Finally, thanks to all the customers and partners who made the effort to prepare and deliver presentations at the conference and for the many attendees who went to the sessions. There were some great EPM discussions and complements at the sessions, in the exhibition area, and in the conference halls. Hope to see you at Collaborate next year.

To learn more about Oracle Enterprise Performance Management (EPM), click here
To watch videos from Collaborate 2014, click here


Nigel Youell (left) speaking with Al Marciante 



Nigel Youell (left) speaking with Shankar Viswanathan



Nigel Youell (left) speaking with  Rich Wilkie


Friday Apr 10, 2015

Gartner Positions Oracle as a Leader in CPM Suites


On April 2, Gartner released its 2015 Magic Quadrant for Corporate Performance Management Suites report. In the report, Oracle was recognized as a Market Leader for the ninth consecutive year.

Gartner’s Magic Quadrant reports position vendors within a particular quadrant based on their completeness of vision and ability to execute. In this year’s report, among the market leaders, Oracle is positioned with the highest ability to execute and the strongest in completeness of vision.

Gartner has the following observations about the Corporate Performance Management space this year:

“Each year, Gartner emphasizes the most impactful market factors when considering each vendor's scores. This Magic Quadrant stresses capabilities in three primary areas of market evolution. The first is the cloud. The CPM suite market is shifting toward cloud-based solutions that deliver a shorter time to value and improved ease of use. The ability to provide cloud-based solutions and vendor experience with supporting these solutions factored heavily in this market study. The second primary area of market evolution reflects vendor ability to provide more comprehensive strategic financial planning support. The third primary area of market evolution is analytics.”

Oracle enterprise performance management applications are an integrated, modular suite that supports a broad range of strategic and financial performance management processes and helps organizations drive digital transformation and generate value for the business. 

Click here to learn more:  Report

For more information about Oracle’s Enterprise Performance Management Applications please go to www.oracle.com/epm.


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This blog will highlight key EPM market trends, recent events and other news of interest to our field, customers and partners.

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