21st Century Finance: Maximize Potential – Deliver Results
Oracle Enterprise Performance Management Hyperion Planning
Ognjen Glavaš
EPM Sales Consultant Central And Eastern Europe (CEE)
PRODUCTIVITY
INTEGRATED BUSINESS
ATTRACT AND RETAIN TALENT
of CFOs have the IT function reporting to them
Source: 2012 FEI Gartner Survey
The of Strategy and Technology
DANGER
of CFOs say their IT systems are out-of-date and inflexible in 2012
Source: A New Role for New Times. CFO Publishing and KPMG International. March 2011.
use spreadsheets in financial processes can only forecast 3 months ahead
Source: Performance Management: An Incomplete Picture. Study carried out by Dynamic Markets for Oracle Corporation, April 2011 CFO Research Services
Implement Strategy
Implement Strategy of the Global Fortune 500 get better results with Oracle
The of Strategy and Technology Engineered for Finance
Leverage Technology
Source: Oracle Customer List Compared to Fortune 500
Leverage Technology
Disconnected Processes Lead to Inefficiency and Missed Targets
Time – cycles take too long, missed opportunities and obsolete plans
Quality – data integrity, lack of standardization and communication
Flexibility – lack of responsiveness to changes
Cost – many wasted resources, questionable benefits
Process Management – task ownership problem
Market Pressures Demand Effective
Performance Management
ECONOMIC VALUE
ANALYZE PERFORMANCE
SCORECARDS
VARIANCE
ADDED (EVA) MONITOR RESULTS
FINANCIAL REPORTING OPERATIONAL PLANNING
Today’s Reality: Management Processes Are Fragmented
• Lack of business alignment
• Low predictability in performance
• Inconsistency in business decisions
Challenges in Forecasting
How far in advance is your company currently able to produce reliable (i.e. relevant and accurate) financial forecasts?
Percentage of all respondents
If you ask someone “What IS EPM?” - you might hear…
It provides these features!
• Integrated = Operational + Finance
• Centralized
• Uses existing data sources
• Built in Workflow, Process Management and Collaboration between planners
• Task list wizard
• Budget status and Approval process supported
• Top down and Bottom up aligned
• Alternative hierarchies
• Drilling up and down
• Driver based planning and cost allocation
• Advanced data security
You get these kinds of benefits
• Reduce budget preparation and close time by 50-75%
• Evaluate 1,000’s scenarios quickly
• Advanced data validations and alerts
• What If and multidimensional analysis
• Rolling forecast
• Ad Hoc and integrated reporting
• Eliminate 1,000s spreadsheets
• MS Office integration
It addresses these kinds of business pains
• Lack single, consistent, reliable view of information
• Continued reliance on managementby-spreadsheet
• Long budgeting and planning cycles –static plans
All these industries use it
• Banks
• Consumer Goods
• Insurance
• Communications
• Oil & Gas
• Retail
• Utility
• Etc...
But what IS it?
Enterprise Performance Management (EPM)
…is a collection of management disciplines and analytic processes that enable the organisation to articulate, monitor and achieve one or more pre-selected goals.
Common Reporting & Interaction
Strategy Management
Planning & Forecasting
Achieve a World Class Planning and Forecasting Process
Run models based on key strategies
Set targets
Long-term strategic plan Annual budget / plan
Evaluate resource, capital and project requirements
Seed targets to annual operating plan
Start annual process
Evaluate projects, workforce and capital Validate budget / plan
Update forecast with latest budget and actuals
Monthly / rolling forecast Update longterm strategic plan
Validate budget/ plan through Process Management
Assess and Manage Risk
Update strategic plan with latest forecast
Single Centralized Planning & Forecasting Platform
Planning Process
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CLOSED IN R E S U
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Sweet night sleep :)
