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 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.

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

Friday Dec 05, 2014

B/E Aerospace Wins Business Analytics Innovation Award!

Todd Renard, Senior Manager - Financial Planning & Analysis for B/E Aerospace was very excited to receive the Oracle Business Analytics Innovation Award at Oracle OpenWorld 2014 for the company's impressive results achieved with Oracle Enterprise Performance Management solutions.

B/E Aerospace is the worldwide leading manufacturer of aircraft passenger cabin interior products for commercial and business jet aircraft. The company, which was growing rapidly through a series of acquisitions, decided to adopt Oracle Enterprise Performance Management solutions to drive innovation and organizational change.

They took a three phased approach:

*PHASE I – Prove the value of the Hyperion solutions to senior management by leveraging the applications to meet company goals
*PHASE II – Build a superior financial end-to-end solution for monthly, quarterly, and annual reporting
*PHASE III – Build scalable daily financial reporting & analysis applications in order to make better decisions faster

In just nine months, the company completed a full-scale implementation that was delivered on time and under budget. As a result, B/E Aerospace has reduced by 80 percent the amount of time it takes to mine data from more than 30 sources. And the business can also acquire new companies and integrate their financials in three to four weeks instead of six months—dramatically speeding assimilation and supporting their acquisition strategy. 

Click here to watch the short video.

Wednesday Aug 28, 2013

What’s Happening in Business Analytics at Oracle OpenWorld 2013

Oracle OpenWorld 2013 is rapidly approaching on September 22nd when we take over the city of San Francisco for five days.  The Business Analytics program this year is our strongest ever, with over 200 EPM, BI, Analytics, Big Data and Exalytics sessions delivered by Oracle, our customers and partners.  We'll also have Hands-on Labs, Theater sessions, 23 demo pods dedicated to Business Analytics products, and more than 30 partners exhibiting their solutions.

So what's hot in Business Analytics at OpenWorld 2013?  Here are some of the "can't miss" sessions at this year's conference:

+ Monday Keynote:  Transforming Business with Big Data and Analytics,
led by Oracle President Mark Hurd, will discuss how to harness the value of big data.  You will hear about crafting an IT strategy and leveraging big data to make decisions about business operations and products and services for transforming your business.

+ The EPM and BI General Sessions
, led by SVP of Product Development, Balaji Yelamanchili, will highlight the latest innovations and product directions for Oracle EPM, BI and Analytics.  Both sessions are scheduled on Monday, September 23.

+ Customer Success:  EPM on Oracle Exalytics.  In this session, customers present case studies of how they have deployed Oracle Hyperion EPM applications on Oracle Exalytics and the benefits they have achieved, including extreme performance and scalability, all at a lower total cost of ownership than traditional systems.

+ New:  Oracle Planning and Budgeting Cloud Service.  Oracle Planning and Budgeting Cloud Service is the first of Oracle's EPM applications to be offered as a public cloud service and makes it much easier for businesses of any size to deploy a world-class planning and budgeting solution in a matter of weeks.  Learn about this new offering and hear about early customer experiences.

+ What's New with Oracle Exalytics In-Memory Machine?  Attend this session to learn about the latest and greatest in the hardware and software evolution of Oracle Exalytics In-Memory Machine.  Also learn how customers have obtained value from Oracle Exalytics and listen to a customer case study.

+ Oracle Endeca Information Discovery:  Customer Panel.  This session features a panel of customers that have adopted Oracle Endeca Information Discovery and achieved exciting results.  The customers' stories span various industries and demonstrate the broad applicability of data discovery tools and the competitive advantages customers can realize with Oracle Endeca Information Discovery.

Customer Panel:  Real-World Value with Oracle Business Intelligence Applications.  This session features a panel discussion that presents customer perspectives and best practices for implementing Oracle Business Intelligence Applications with Oracle E-Business Suite; Oracle Fusion; Oracle's PeopleSoft, Siebel and JD Edwards EnterpriseOne product families; SAP; and other application environments.

+ Oracle Fusion Middleware:  Meet This Year's Most Impressive Innovators.  In its seventh year, the Oracle Excellence Awards for Oracle Fusion Middleware Innovation honors organizations from around the globe that are using Oracle Fusion Middleware to achieve significant business value.  Attend this session to learn how leading-edge Oracle customers are successfully transforming their organizations with Oracle Fusion Middleware technology, including Business Analytics.

For more details on these and other Business Analytics sessions at OpenWorld, download the Focus On Business Analytics program guide at:

We look forward to seeing you in San Francisco!

Friday Aug 02, 2013

Report from OpenWorld Shanghai

Oracle OpenWorld Shanghai 2013 was held July 22nd – 25th at the International Expo Center in Shanghai, China. The conference drew over 19,000 attendees from 44 countries. In addition, 580 CxOs attended the Executive Edge program, and 430+ partners attended the Oracle Partner Network Exchange. The conference included a number of sessions on Big Data, Business Analytics, Business Intelligence and Enterprise Performance Management delivered by Oracle, our partners and customers. 

Shanghai Skyline
I had the pleasure to attend the conference and delivered three sessions focused on Oracle’s Hyperion Enterprise Performance Management (EPM) applications. Each of my sessions was well-attended, and in a few cases was standing room only, so there is clearly a lot of interest in the China market in EPM. The EPM and BI demo pods in the DemoGrounds at the conference also received a lot of traffic. In addition to the conference sessions I delivered, I had several meetings with customers and partners in Shanghai.

These sessions and meetings I attended made clear the interest that customers in China have in improving their planning, management reporting, financial reporting, and profitability management processes. In fact, with the China Ministry of Finance now standardizing on XBRL for annual reporting across multiple agencies in China, there is a great opportunity here for our disclosure management application. One interesting finding is that the China market may not be ready for cloud-based applications as many companies are state-owned and have security concerns, so on-premise applications are likely to see continued demand.  

For more information about the Oracle OpenWorld China 2013 conference, please check the web  site:

And don’t forget, Oracle OpenWorld San Francisco 2013 is just around the corner in September of 2013. Please check the web site for registration and content information:

Shanghai Demo Grounds

Thursday Sep 13, 2012

What's Happening in Business Analytics at OpenWorld 2012?

Oracle OpenWorld 2012 is rapidly approaching on September 30th when we take over the city of San Francisco for five days.  The Business Analytics this year is our strongest ever with over 150 EPM, BI, Analytics and Data Warehousing sessions delivered by Oracle, our customers and partners.  We’ll also have Hands-On Labs, 20 demo pods dedicated to Business Analytics products, and over 30 partners exhibiting their solutions. 

So what’s hot in the Business Analytics program at OpenWorld?  Here are some of the “can’t miss” sessions at this year’s conference:

  • The EPM and BI general sessions, led by SVP of Product Development Balaji Yelamanchili will highlight what’s new provide a view into Oracle’s EPM, BI and Analytics strategies.  Both sessions are scheduled on Monday, October 1st.

  • Thursday Keynote:  See More, Act Faster:  Oracle Business Analytics, led by Oracle President Mark Hurd, will provide a view into Oracle’s strategy for Business Analytics, especially engineered systems designed to provide extreme performance for the most rigorous analytic tasks.

  • Superfast Business Intelligence with Oracle Exalytics.  Hear about various business intelligence scenarios in which Oracle Exalytics provides exemplary value—from operational reporting and prepackaged applications to analytics on unstructured data.

  • Turn Insights into Real-Time Actions with Oracle Business Intelligence Mobile.  Learn how Oracle Business Intelligence Mobile enables organizations to deliver relevant information and turn insight into real-time action, no matter where employees are located.

  • Empowering the Business User: Introduction to Oracle Endeca Information Discovery.  Find out how you can find fast answers to the new questions that confront your business every day, while avoiding the confusion and inconsistencies brought about by spreadsheets and desktop tools.

  • Big Data:  The Big Story.  Learn how to harness big data, your existing data, and predictive analytics to make better decisions in an environment of rapid shifts in behavior and instant feedback.  Learn about the technologies that constitute a big data architecture, how to leverage and implement advanced analytics for real-time decisions, and the tools needed to know the unknown.

  • Planning at the Speed of Business with Oracle Exalytics.  Learn how Oracle Hyperion Planning leverages the power of Oracle Exalytics to do planning faster, with more detail and more users than ever.

For more details on these and other Business Analytics sessions at OpenWorld, download the Focus On Business Analytics program guide at:

We look forward to seeing you in San Francisco!


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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