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Advice and Information for Finance Professionals

Calling all Finance Executives: Join Us in London for an Exciting New Learning Experience at Oracle OpenWorld Europe

Guest Author

Maria SmithEnzo TolinoBy Maria Smith, Senior Vice President and Assistant Global Corporate Controller &
Enzo Tolino, Vice President of Global Business Finance, EMEA, Oracle

 

Oracle has many customers that have reimagined finance and operations with help from our cloud applications. Oracle has done the same—and we want to share our own finance transformation experiences with our customers, to help you understand what’s possible in your own organization. So, we created the Oracle@Oracle Experience, our first-ever showcase on Oracle’s digital transformation. Following incredibly popular showcases at OpenWorld San Francisco and Dubai, we’re coming to London for Oracle OpenWorld Europe,  February 12 – 13 at ExCel London.

Oracle@Oracle Experience: an inside look at a digital revolution

When it comes to modernizing your business for the digital age, organizations have many questions. The Oracle@Oracle Experience is designed to answer them, with insights and learnings that come not only from being one of the world’s foremost providers of cloud software, but also from the first-hand experience of having undergone such transition ourselves. 

For several years, Oracle has been undergoing a transition from being a traditional provider of licensed, on-premises software to a provider of cloud services. Such a transition would be daunting for any company but leading more than 136,000 employees through such a sea change presented its own unique challenges. We needed to examine every aspect of our business and every interaction with our roughly 430,000 customers in 175 countries. 

We collected a rich body of information and insights along the way, and now we’re sharing those insights to help other companies reimagine their own operations for digital success.  Roughly a dozen sessions run by Oracle line of business, development, and IT leaders will share lessons and best practices from our own experience using Oracle ERP, EPM, and SCM Cloud.  Moderated panels, round table discussions and presentations will all take place in a casual and interactive format, so you can get the answers from the right experts, right on the the spot.   

Check out the full session catalog for more specifics and learn about the world-class leaders we’re bringing to our London event—including a keynote speech from Oracle CEO Safra Catz, named one of the top 10 most powerful women in business by Fortune magazine. 

Bottom and top line benefits you’ll learn about  

As two of the executives who have been driving Oracle’s finance transformation across Global Business Finance and the Global Controller Organization, we can tell you that the results we’ve achieved standardizing on Oracle ERP, EPM and SCM Cloud have exceeded everyone’s expectations. Take a look at some of the benefits we’ll be sharing in our sessions at the Oracle@Oracle Experience:

  • Reduced the time it takes to close the books and report earnings to just 11 days 
  • Eliminated 35% of manual accounting 
  • Eliminated 1,000 manual spreadsheets with standard EPM models
  • Reduced global expense allocations by 98% 
  • Reduced accounts payable close by 30% 
  • Streamlined global intercompany tie-out to 1.5 hours  
  • Cut down scenario modeling time from days to minutes 
  • Redeployed 10% of headcount in FP&A from data gathering to strategic risk and opportunity analysis
  • Slashed supply chain planning cycles from one week to 48 hours 
  • Reduced supplier records by 50% 

Of course, like any business transformation, there have been challenges along the way. Oracle@Oracle line of business and IT executives will share their experiences and provide advice on how to navigate transformation and manage change in your own organization. 

Featured Finance Sessions 

The Oracle@Oracle Experience will be on the third floor of the Exchange at ExCeL London.  Key sessions you won’t want to miss include: 

Better Together: Transforming Finance and HR Operations with Oracle Cloud

At Oracle, Finance and HR are joined at the hip, sharing a common data model, metadata, security and access controls, and user interface. Hear what executives have to say about the collaboration, productivity, and security benefits Oracle Finance and HR have gained by being on Oracle’s cloud platform. (Thursday, February 13, 1:50-2:25 pm, Oracle@Oracle Theater 2)

How Oracle Moved to Oracle EPM Cloud and is Achieving Better Business Outcomes

Oracle executives share the strategic approach taken to upgrade from Hyperion on-premise to Oracle EPM Cloud, delivering better business outcomes to support Oracle’s internal transformation into a leading provider of cloud services. Learn how to establish the right technical foundation for your EPM Cloud journey, gain early wins, reduce customizations, and adopt an agile approach to finance modernization. (Wednesday, February 12, 9:00-9:35 am, Oracle@Oracle Theater 1) 

How Oracle Automates the Close Process with Oracle ERP, EPM & Analytics Cloud

Hear how Oracle executives enable teams to deliver an automated close through an infrastructure that enables operational excellence, transactional automation and advanced fiduciary and risk management using Oracle ERP, EPM & Analytics Cloud capabilities. (Thursday, February 13, 1:05-1:40 pm, Oracle@Oracle Theater 1)   

How Oracle Modernized Finance with Oracle ERP Cloud

Hear about the strategic approach Oracle took to upgrade from E-Business Suite to Oracle ERP Cloud from Oracle executives, starting with the adoption of General Ledger in the cloud to establish the technical infrastructure needed for future cloud adoption. Special attention will be given to lessons learned and best practices, to help you accelerate your company's journey to ERP Cloud. (Wednesday, February 12, 12:20-12:55 pm, Oracle@Oracle Theater 1) 

How Oracle Automates Financial Reporting with Oracle EPM Cloud & Analytics Cloud

Discover how Oracle leverages Oracle EPM Cloud and Oracle Analytics Cloud to innovate and automate key accounting and finance activities, including internal and external reporting processes. (Wednesday, February 12, 1:05-1:40 pm, Oracle@Oracle Theater 1)  

How Oracle is Developing the Future-Ready Finance Workforce

According to 2019 research by the Association of International Certified Professional Accountants (AICPA), only 10 percent of CFOs believe their finance teams have the skills needed to support their organizations’ digital ambitions. Oracle, working with the AICPA, is developing a future-ready finance team that is widely recognized for displaying technical expertise, commercial acumen and business influence. Learn how to apply those strategies to help build a change-ready culture and talent pool equipped for digital success. (Wednesday, February 12, 2:35-3:10 pm, Oracle@Oracle Theater 1)   

How Oracle Modernized the Expense Reporting Process & Delights Its Users 

Expense reporting is one of the most widely-used enterprise applications at any company, and typically one of the most frustrating. Not anymore. Join Oracle executives to discover how the expense reporting process is being completely reimagined to delight users by making it simple, fast, and smartphone-enabled. (Thursday, February 13, 9:45-10:20 am, Oracle@Oracle Theater 1)   

How Oracle Deployed Oracle ERP Cloud to Modernize the Procure-to-Pay Process 

Learn how Oracle reimagined and deployed an exceptional Procure-to-Pay experience for its employees, leveraging Oracle Financials Cloud to streamline and automate the purchasing, accounts payable, and employee expense reporting processes. IT experts discuss supplier qualification and lifecycle management, running multi-org payments, reduction of invoice entry processing time, simplification of bank account management and expense reimbursement, and enforcement of business policies through controls and approvals. (Thursday, February 13, 1:50-2:25 pm, Oracle@Oracle Theater 1)

How Oracle Automates Financial Planning to Achieve Greater Business Agility

Learn how Oracle Global Business Finance achieved greater finance agility by implementing an end-to-end, automated planning process and faster, more accurate long-range planning using Oracle EPM Cloud. Real-time modeling and reporting, sophisticated scenario modeling, and driver-based forecasts are just some of the benefits that will be shared. (Thursday, February 13, 2:35-3:10 pm, Oracle@Oracle Theater 1)

The Oracle@Oracle Experience is complimentary for Oracle OpenWorld Europe attendees, so be sure to register now and  check out our session catalog for topics that interest you. We look forward to seeing you at the Oracle@Oracle Experience!

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