In my last post I shared details on the launch of the Oracle Change Agents of Finance Awards, and gave an overview of three award categories: the Fast Finance Award, the Top Talent Award, and the Oracle Billion Dollar Story Honorary Award. These awards celebrate individuals and/or teams who have leveraged Oracle ERP Cloud and Oracle EPM Cloud to solve business problems, drive growth and spur innovation at their respective organizations.
Now I’d like to share with you details on three more exciting awards we’ve created to honor change agents in finance who know the value of getting real-time information quickly into the hands of decision-makers, and use cloud technologies to enable that:
Do you consider yourself a master of the close process? If so, you’ll be used to streamlining close processes and running them in parallel to your other operations. And you recognize the value of closing the books as quickly as possible, to get the right data into the hands of decision-makers as soon as possible.
With this award, we’re looking for some truly world-class close processes, typically those taking 5 days or less. But the award is also open to those who have reduced their close times by a large percentage. Just make sure your Modern Close Award submission meets the following criteria:
Perhaps you remember gathering around a Magic 8 Ball toy and asking it to predict your future based on 20 preset answers, which ranged from “outlook good” to “my sources say no”. Today’s FP&A professionals can run hundreds of different statistical permutations to evaluate the impact of strategic bets, and they don’t rely on toys or gut instincts to make decisions. Rather, they use the predictive analytics in Oracle EPM Cloud applications to mitigate risk and maximize the probability of success.
The Crystal Ball Award honors a Financial Planning and Analysis (FP&A) professional who knows how to leverage data-driven insights to guide the business forward with confidence. Winners will have demonstrated the ability to analyze structured data from enterprise systems, and unstructured sources such as social media chatter, sensor data, and geospatial information, then take those insights and turn them into revenue-generating engines for the business.
The Crystal Ball Award recognizes outstanding achievement by a FP&A professional, based on the following criteria:
Let the good times roll…. until interest rates rise, commodity or currency prices shift, or some other market uncertainty threatens to overshadow your profitability. The Roll With It Award is all about a team that plans at the speed of light, re-forecasting in response to change, developing new forecasts quickly, and using best practice methodologies like driver-based rolling forecasts to keep pace with business needs.
The Roll With It Award honors the team that has significantly increased its agility using the continuous planning functionality in Oracle EPM Cloud to adopt a rolling forecast model. Special consideration will be given to organizations that use EPM Cloud to:
If you think that you, your team, or even someone you know is transforming the finance function in one of these areas, we want to hear from you! Here’s how to get started:
Oracle OpenWorld. If you plan to attend Oracle OpenWorld, visit us at ERP Central at Moscone West for more details on how to nominate yourself or someone you know. Kiosks will be available to submit nominations onsite.
Online. Submit a nomination online, and check back frequently to review peer submissions across all ten categories. As we get closer to the Modern Finance Experience in Boston, April 11-13, 2017, you will want to cast your vote for your favorite submissions across all ten categories.
Winners will be honored by Oracle CEO and head of finance Safra Catz and her finance executive team at the Modern Finance Experience. The submissions with the most compelling submissions and the most votes across the Oracle global finance user community will win (only one vote per person, per category is allowed), so sharpen your pencils and get ready as I explore in Part III of this blog series the last four categories honoring finance change agents worldwide: