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.

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 Jul 10, 2012

Challenges in Corporate Reporting - New Independent Research

Earlier this year, Oracle and Accenture sponsored a global study on trends in financial close and reporting. We surveyed 1,123 finance professionals in large organizations in 12 countries around the world during February and March.

Financial Consolidation and Reporting is the most mature aspect of Enterprise Performance Management with mainstream solutions having been around for over 30 years. But of course over this time there have been many changes and very significant increases in regulation. So just what is the current state is Financial Consolidation and Reporting in our major corporations across the world? We commissioned this independent research to find out. Highlights of the result are:

          Seeking change: Businesses recognize they need to invest in financial reporting to address the challenges they currently face. 47 percent of companies have made substantial investments over the last year to the financial close, filing, and reporting processes.

          Ineffective investments: Despite these investments, spreadsheets (72 percent) and e-mails (68 percent) are still being used daily to track and manage reporting, suggesting that new investments are falling short of expectations.

          Increased costs and uncertainty: The situation is so opaque that managers across the finance function are unable to fully understand the financial impact or cost implications of reporting, with 60 percent of respondents admitting they did not know the total cost of managing and publicizing their financial results.

          Persistent challenges: 68 percent of respondents admitted that they have inadequate visibility into reporting processes, while 84 percent of finance managers surveyed said they find it difficult to control the quality of financial data across the entire reporting process.

          Decreased effectiveness: 71 percent of finance managers feel their effectiveness is limited in some way by data-analysis–related issues, while 39 percent of C-level or VP-level respondents say their effectiveness is impaired by limited visibility.

          Missed deadlines: Due to late changes to the chart of accounts, 15 percent of global businesses have missed statutory filings, putting their companies at risk of financial penalties and potentially impacting share value.

The report makes it clear that investments made to date by these large organizations around the world have been uneven across the close, reporting, and filing processes, which has led to the challenges these organizations currently face in the overall process. Regardless of whether companies are using a variety of solutions or a single solution, the report shows they continue to witness increased costs, ineffectual data management, and missed reporting, which—in extreme circumstances—can impact a company’s corporate image and share value.

The good news is that businesses realize that these problems persist and 86 percent of companies are likely to make a significant investment during the next five years to address these issues. While they should invest, it is critical that they direct investments correctly to address the key issues this research identified:

          Improving data integrity

          Optimizing processes

          Integrating the extended financial close process

By addressing these issues and with clear guidance on how to implement the correct business processes, infrastructure, and software solutions, finance teams will find that their reporting processes are much more effective, cost-efficient, and aligned with their performance expectations.

To get a copy of the full report:

To replay a webcast discussing the findings:

Tuesday Feb 21, 2012

Hyperion Enterprise Customers - Moving Forward

There has been a lot of buzz in the Oracle/Hyperion customer and partner community in the past few weeks about the impending end of life of Hyperion Enterprise.   Yes, Hyperion Enterprise (or good old Sparky as we affectionately call it) which was first released in 1995, is finally approaching the end of its lifecycle after almost 20 years.  Hyperion Enterprise was the leading financial consolidation application in the world with over 3,000 organizations using the application at its peak.  But market requirements and technology have changed, new licenses of Hyperion Enterprise have declined, and the majority of customers have switched to Hyperion Financial Management, Oracle Essbase, or other solutions.  So in January 2012, Oracle published a Statement of Direction for Oracle Hyperion Enterprise and Hyperion Enterprise Reporting which communicates that these products will be on Controlled Availability as of December 2012.  What does this mean?

This means that additional sales of these products will be limited to existing customers only, no sales of Hyperion Enterprise to net new customers.  Premier Support for these products will be offered until April 2013, after which Sustaining Support will continue to be provided, so customers who wish to continue using these products will be supported for a number of years into the future.  More information on the Oracle Lifetime Support policy and the services offered under Premier and Sustaining Support can be found here:

The good news is that there are a number of options for existing Hyperion Enterprise customers:

For customers who are satisfied with Hyperion Enterprise and wish to continue using the application, you can continue using it and will receive support for many years into the future.  However there will be no product enhancements and limited service patches.

For customers who have outgrown Hyperion Enterprise and are ready to move to a more modern, web-based financial consolidation application, with more dimensionality and other advanced features, Hyperion Financial Management (HFM) has been the solution of choice.  There are software tools and services available from Oracle, and some partners, that can help with the conversion process.  In addition to offering a more robust platform for financial consolidation and reporting, HFM is complemented by a number of other modules that can help address the extended financial close and reporting process.  This includes Hyperion Financial Data Quality Management for data integration, Hyperion Disclosure Management for regulatory filings and XBRL support, Hyperion Financial Close Management for orchestrating the financial close process and Oracle Financial Management Analytics, a packaged executive dashboard solution providing real-time access to financial results and close process metrics.     Of course, Hyperion Financial Management also integrates with Hyperion Planning and Oracle Essbase, so customers already using these products will see additional advantages from converting to HFM.

For customers with simpler financial consolidation requirements but a need to collect and aggregate financial data from multiple sources to perform financial and management reporting, Oracle Essbase has been a popular choice as well.  Customers can leverage a number of familiar tools with Essbase such as Hyperion Financial Data Quality Management, Hyperion Financial Reporting, and Smart view for Office.  One advantage here is that Oracle Essbase data can be leveraged by Hyperion Disclosure Management for regulatory reporting and XBRL filings, as well as OBIEE for management reporting.

Of course, since the news has broken about the upcoming controlled availability of Hyperion Enterprise, some of Oracle’s competitors have been targeting Hyperion Enterprise customers with their own offers.  Customers should certainly evaluate all of their options here, but Oracle’s goal is to make it as attractive as possible for Hyperion Enterprise customers to “stay in the family” and take advantage of our solutions to address their financial and management reporting requirements.  Here are a couple of key points to consider:

·         Oracle/Hyperion has been a trusted partner and a low-risk choice for thousands of customers, and we continue to invest in providing market-leading financial close and reporting solutions.

·         Oracle’s Hyperion Performance Management applications address the complexities of the extended financial close and reporting process as well as enterprise planning, strategy management, profitability and cost management.  All of these applications are designed for high scalability and performance, with integration across the suite.

·         Oracle’s Hyperion applications provide direct integration with Oracle E-Business Suite, PeopleSoft Financials, Fusion Financials and soon JDE Financials.  This enables customers to leverage existing ERP investments, data and meta data, and provides drill-through capabilities from summary reports and dashboards to transactional details.

·         Oracle’s Hyperion applications also provide direct integration with SAP Financials, and thousands of SAP customers continue to select our solutions over alternatives from SAP and other vendors.

·         Oracle’s Hyperion Financial Close Suite integrates with Oracle Essbase, the Oracle Hyperion Planning Suite, as well as Oracle Business Intelligence tools – so customers can leverage their investments in these technologies as they convert from Hyperion Enterprise.

Some of the “all in one” performance management solutions offered by other competitors may appear attractive to Hyperion Enterprise customers looking to move.  But “buyers beware”, while these applications claim to support a broad range of requirements (i.e. budgeting, planning, financial consolidation, financial and management reporting) they can be risky and typically don’t provide the depth of functionality offered by best of breed applications.  And the all-in-one applications typically don’t scale and perform well for large deployments.  A number of customers who tried the all-in-one approach eventually switched to Hyperion Financial Management due to performance issues.  One example is Brady Corporation who tried to use SAP’s BPC solution for financial consolidation and eventually switched to Hyperion Financial Management.  Here’s a link to a podcast interview with an executive from Brady Corporation:

Here’s a link to more information about Oracle’s Hyperion Financial Close Suite:

Here’s a link to a white paper on the options for Hyperion Enterprise customers:

Here’s a link to the Astellas Pharma Hyperion Financial Management success story:

I hope this information is helpful as you consider your path forward from Hyperion Enterprise.  The product has had a long life, providing value to many organizations, but it’s time to move forward.  Feel free to contact me if you need additional information:


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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