<Insert Picture Here>
Introduction to Hyperion Financial Management
Mike Malwitz, Director, Product Strategy Oracle Corp
Disclaimer
THE FOLLOWING IS INTENDED TO OUTLINE OUR GENERAL PRODUCT DIRECTION. IT IS INTENDED FOR INFORMATION PURPOSES ONLY, AND MAY NOT BE INCORPORATED INTO ANY CONTRACT. IT IS NOT A COMMITMENT TO DELIVER ANY MATERIAL, CODE, OR FUNCTIONALITY, AND SHOULD NOT BE RELIED UPON IN MAKING PURCHASING DECISION. THE DEVELOPMENT, RELEASE, AND TIMING OF ANY FEATURES OR FUNCTIONALITY DESCRIBED FOR ORACLE'S PRODUCTS REMAINS AT THE SOLE DISCRETION OF ORACLE.
Agenda
Customer needs Solving financial consolidation and reporting issues Our unique value Demonstration
Customer Needs
The Financial Consolidation Challenge
Deliver High Value and Reduced Cycle Times
Average
Collect data
6 Days
Close Adjustments
Currency I/C Subsidiaries
12 Days
Report
Management Legal External
Analyze
World Class <2 Days
6 Days More time!
Collect
Close
Adjustment
Report
Analyze and Forecast
Source: Hackett Group Benchmarking-Solutions Book of Numbers
Customer Challenges
Financial restatements Inconsistent account structures Dozens of source systems Mergers and Acquisitions Changing disclosure requirements More operational data Rising audit fees
Coming Soon: IFRS US GAAP always more specific, plus:
Among Others: Fair Market -Revaluation Extraordinary Items Consolidation Joint Ventures Acquisition R&D: Development Inventory Impairment
IAS/IFRS
FA & Investments None Control Proportional ok
US GAAP
Only certain FI Rare. Neg Gdwill 2 models Only Equity
Specific differences Dev. Capitalized No LIFO 1 Step, reversible
Interest rate sensitive
Dev. Expensed LIFO OK 2 Step, no reversal
Enable a Streamlined Financial Close Cycle Your Auditors Will Approve, Year after Year
Data Cleansing & Transfer Consolidate/Tax Internal Reporting & Analysis External Reporting & Compliance
Finance Owned and Operated Finance owns both: the results and the system Packaged Application Out-of-the-box financial intelligence minimal ongoing consulting Open and Agnostic Data from any source, but with full controls Designed for Sarbanes-Oxley and IFRS Compliance 1000s of customers passing audits every year
<Insert Picture Here>
Andrew Midgley, Head of Financial Reporting Pearson
There were fewer adjustments at the reporting unit level than we had expected and they tended to be relatively minor. They mainly related to acquisitions, intangibles, leases, and joint ventures. Adjustments at headquarters were more significant and more complex and related to pensions, share option expenses, deferred tax, and financial instruments. Given this relatively straightforward framework, the group was able to quickly establish a unified chart of accounts in Hyperion Financial Management covering UK GAAP, U.S. GAAP, and IFRS. It was then a simple matter to post the adjustments against these accounts as required. We had total visibility of the process and could instantly see the effect of changes posted anywhere in the group. Also, if we needed to maintain the central modelfor example, to collect more datawe could effect the change, and it was immediately available throughout the group. We could not have managed this so easily using our old business consolidation system.
10
Solving Financial Consolidation and Reporting Issues
11
Oracle Performance Management Applications
Strategic Planning
Set Strategic Objectives Treasury Strategies Corporate Development Long-Term Planning Forecasting Allocate Resources
Planning and Budgeting
Cascade Targets Detailed Budgeting
Master Data Business Rules Metrics/KPIs Targets, Plans & Actuals
Financial Close Process
Cost and Profitability Management
Define Costing Methods
Data Cleansing
Consolidate
Internal Reporting & Analysis
External Reporting & Compliance
Report & Analyze Perform Allocations
Define Cost Drivers
12
Oracle Financial Consolidation and Reporting Applications & Tools
Purpose Built for Each Step of the Process
Financial Close Process
Hyperion Financial Data Data Cleansing Quality Management Hyperion Consolidate Financial Management Hyperion Internal Web Reporting Analysis Smart & Analysis View Hyperion External Reporting Financial& Compliance Reporting
13
Hyperion Financial Management
FEATURES Simple to customize Easy to integrate Financial Data Quality Complete audit trails Flexible workflow Powerful reporting Finance owned & operated
Financial Consolidation, Reporting & Analysis
BENEFITS Confidence in the numbers Reduce cycle time Automate collection & validation Lower cost of compliance Speed and agility
14
Market Leading Performance Management Applications
EPM EPM Workspace Workspace
PERFORMANCE MANAGEMENT APPLICATIONS Strategy Business Management Planning Financial Profitability Reporting & Management Compliance
BI Applications
Business Intelligence Foundation
Fusion Middleware
OLTP & ODS Systems
Data Warehouse Data Mart
OLAP
SAP, Oracle, Siebel, PeopleSoft, Custom
Excel XML
Business Process
15
Hyperion Financial Management Functional Architecture
Client Data Entry & Consolidation Server GAAP IFRS Compliance Rules Engine Inter-Company Processing Data Data Import/Validation Meta Data Repository Security Currency Translation & Eliminations Process Management Line Item Management Journals Custom & Predefined Dimensionality MS Office Integration
Browser/Windows/Smart View
Formatted Reports
Dashboards
Fail-Over and Load Balancing
Role-Based Security Audit Tracking
Documents attachments Cell text
Interoperability
Logs
16
Oracle Hyperion Financial Management Accelerates Reporting
Cycles and Reduces Costs of Compliance
Patented financial consolidation and reporting features Complete audit trails, workflow and validations Smart Dimensionality Flexible what if scenario management features Powerful, reporting and analysis tools Full integration with ERP and other transaction systems Easy to customize and extend Web-architected
17
Oracle Hyperion Financial Management, Fusion Edition New
Features
New Equity Pick-up Module Phased Submissions Enhancements Intercompany Transaction Enhancements Oracle BI Publisher Templates for System Reports Extended Analytics Creation of Flat Files Extended 64 Bit Platform Support Drill-through to Oracle EBS Financials via FDM
18
Fundamental Capabilities
CAPABILITY
Reporting Consolidation Compliance Data Integration MS Office Integration
DETAIL
Most flexible solution in the market, periodic consolidation, segment reporting, fin. intelligence Multi GAAP capabilities, flexibility, variance analysis, audit trail, intercompany, phased submissions Workflow, documentation attachments, commentaries, electronic questionnaires, disclosures Financial data quality management employed to collect, map, validate & move data Bi-directional capabilities within MS Office suite for realtime, accurate information
19
Addressing Global Compliance Needs
SARBANES-OXLEY REQUIREMENT
Section 302 CEO/CFO must certify Section 404 Internal control report Section 401 Conditions for use of non-GAAP financial measures U.S. auditing standards Accelerated reporting
FINANCIAL MANAGEMENT
Submissions contain audit trail Mandatory review/approval procedures Multiple organization hierarchies and chart of accounts Autonomy from transaction systems Web solution, I/C reconciliation, journals
IAS/IFRS REQUIREMENT
Global Standard, Convergence Recognition and measurement Consolidation and reporting
FINANCIAL MANAGEMENT
IFRS, Multi-GAAP, and local statutory Custom dimensions; financial intelligence, journals with audit trail Segment reporting, specialized currency, inter-company, disclosures
20
Financial Data Quality Management The Only One of its Kind!
SOURCE SYSTEMS GUIDED WORKFLOW USER INTERFACE DATA PREPARATION SERVER
Excel G/L ERP Flat files ETL Oracle EBS Data cleansing and transformation Task scheduling Text and document archive Audit review Data staging
BPM Adapters
EPM SYSTEMS
Hyperion Financial Management Hyperion Planning Hyperion Essbase Hyperion Enterprise Data Marts
Prepackaged integration Data loading including supplemental data, line item detail Dimensional mapping verification Process management
21
Linking Hyperion to Oracle E-Business Suite
Hyperion Financial Management/Planning
Hyperion FDM
Oracle Account Analysis and Drill-Down
22
Hyperion The Heart of Financial Governance and Compliance
Transactions CFO Dashboard Oracle GRC Manager Application Configuration Controls Hyperion Financial Data Quality Management Application Access Controls
Tax Calculations Financial and Mgmt. Reporting Tax Filing
Reporting CFO
ERP: Oracle, SAP, Legacy, Other
Hyperion Financial Management
XBRL/SEC
Fusion Middleware
CIO
Oracle/Hyperion
Partner
23
Demonstration
24
QUESTIONS ANSWERS
25
26
