Advice and Information for Finance Professionals

Join an Exciting New Learning Experience at Oracle OpenWorld

Guest Author

By Ivgen Guner, Senior Vice President, Global Business Finance and Maria Smith, Senior Vice President and Assistant Corporate Controller, Oracle

Are you a finance executive considering a move to the cloud? Want the inside track on the benefits you could realize, and how adopting best practices can optimise your cloud transformation?

Put the Oracle@Oracle Experience at the top of your Oracle OpenWorld must-do list. This is your chance to meet the executive team who reimagined Oracle—and learn how you might reimagine your own organization.

Oracle@Oracle Experience is the first-ever showcase designed to give Oracle OpenWorld attendees inside access to Oracle line of business leaders across Finance, Supply Chain, HR, Sales and Marketing. Open to all OpenWorld attendees, the Oracle@Oracle Experience will feature over 60 informal, hands-on sessions on how Oracle Cloud applications such as Oracle ERP Cloud and EPM Cloud are powering Oracle’s transformation and delighting end users and customers in the process.

As the largest user of Oracle Cloud applications, we’re excited to share our results and exchange best practices with you at Oracle Openworld 2019. And 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 have exceeded everyone’s expectations. To date, Oracle has:

  • Eliminated 35% of manual accounting
  • Reduced global expense allocations by 98%
  • Reduced accounts payable close by 30%
  • Streamlined global intercompany tie-out to 1.5 hours
  • Deployed one global, scalable standard chart of accounts
  • 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.

The Oracle@Oracle experience will be at Moscone West, 2nd floor, Monday Sept. 16-Wednesday Sept. 18, co-located with many other offerings such as the Executive Experience Lounge, Oracle Customer Visitor Center, Business Value Services, North America Consulting, and more. The Finance sessions cover a broad range of topics, including:

Expense Reporting Reimagined: Delighting Users One Transaction at a Time

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 for this session on how the expense reporting process is being completely reimagined to delight users, simplifying the steps it takes to submit a report and making the process fast and smartphone-enabled. (Monday, Sept. 16, 12:00-12:45 pm, Moscone West, 2nd floor)

Future-ready Finance: ERP Cloud @ Oracle

Oracle executives will review the strategic approach taken to upgrade from E-Business Suite to Oracle ERP Cloud, starting with the adoption of General Ledger in the cloud to establish the technical infrastructure needed for future cloud adoption. (Monday, Sept. 16, 1:30-2:15 pm, Moscone West, 2nd floor)

Reimagining the Close Process with Oracle ERP, EPM and Analytics Cloud

Join Oracle Assistant Corporate Controller Maria Smith as she shares how her team is delivering 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. (Tuesday, Sept. 17, 1:30-2:15 pm and Wednesday, Sept. 18, 10:00-10:45 am, Moscone West, 2nd floor)

Completely Agile FP&A: Intelligent Forecasting and Long-Range Planning

In this session, you will 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. (Tuesday, Sept. 17, 2:30-3:15 pm, Moscone West, 2nd floor)

Developing the Future-ready Finance Workforce

According to 2019 research by the Association of International Certified Professional Accountants (the Association) and Oracle, only 10 percent of CFOs surveyed believe that their finance teams have the skills they need to support their organizations’ digital ambitions. Oracle, working in conjunction with the Association, is developing a future-ready finance team that is widely recognized by business stakeholders for displaying technical expertise, commercial acumen and business influence. In this session, you’ll learn how to apply those strategies to help build a change-ready culture and talent pool ready for digital success. (Tuesday, Sept. 17, 3:30-4:15 pm, Moscone West, 2nd floor)

Future-ready Finance: ERP and EPM Cloud @Oracle

Oracle finance executives will review the strategic approach and benefits realized by standardizing on Oracle ERP and EPM Cloud. Special emphasis will be given to lessons learned and change management best practices, to help our customers make their own cloud journey exceptional. (Tuesday, Sept. 17, 4:45-5:30 pm, Moscone West, 2nd floor)

Reimagining Finance at Oracle

Can you imagine how efficient and effective your finance and operations teams could be if routine tasks were automated and prescriptive insights from a unified platform were served up automatically to guide decision-making? Join this panel of five Oracle leaders who are working to reimagine Oracle Finance using a design thinking approach, AI, machine learning, digital assistants, and more. (Wednesday, Sept. 18, 9:00-9:45 am, Moscone West, 2nd floor)

Oracle’s Finance Journey to the Cloud: Change Management and Lessons Learned

“We have the technology; it’s the sociology that can hold us back,” says Oracle CEO Safra Catz. Join this session to learn how to prepare your teams for your finance cloud journey, from pitfalls to avoid, to change management best practices crowdsourced from Oracle and thousands of ERP Cloud customers worldwide. (Wednesday, Sept. 18, 1:00-1:45 pm, Moscone West, 2nd floor)

Delivering Better Business Outcomes at Oracle with Analytics Cloud

In order to guide the business forward, finance needs to be able to accurately predict the future and communicate it with confidence. Join this session to learn how Oracle’s finance teams are using the self-service, mobile-enabled predictive analytics and data visualization capabilities in Oracle Analytics Cloud to get instant clarity into data and gain new insights for better outcomes. (Wednesday, Sept. 18, 4:15-5:00 pm, Moscone West, 2nd floor)

We’re adding more sessions every day, and all times are subject to change—so check the Oracle@Oracle agenda often for topics that interest you!

We’re looking forward to seeing you at the Oracle@Oracle Experience, on the second floor of Moscone West, September 16-18, during Oracle OpenWorld 2019.

Register now for Oracle OpenWorld.

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