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Financials

Financials. Folia Grace Director Applications Marketing Oracle Corporation. Financials Overview and Update. Pressure Stays on the Back Office . External Pressure. Internal Demands. Pressure for corporate transparency (SOA, IFRS) Strategic trading partnerships.

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Financials

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  1. Financials

  2. Folia Grace Director Applications Marketing Oracle Corporation

  3. Financials Overview and Update

  4. Pressure Stays on the Back Office External Pressure Internal Demands • Pressure forcorporatetransparency(SOA, IFRS) • Strategic tradingpartnerships • Operational analysisis in the forefront • Employeeempowerment • Planning cyclesout of control Understanding the Facts • Today's economy requires the precise execution of strategy and tactics • Data volumes are exploding – better metrics are needed to provide guidance Source: Gartner: "HR and Finance: New Requirements, New Technology," Gartner Symposium 2004 Presentation by Lee Geishecker and Jim Holincheck , October 22, 2004

  5. A Balancing Act Technology Investments Help Balance the Scale • Growth Strategy • Decision Support • Management Reporting • Customer Satisfaction • Opportunity • Compliance • Fiduciary Control • Regulatory Reporting • Cost Containment • Risk Management Finance

  6. Gartner’s Financial Value Chain Transactions Processes Measurement • Supply chain • Accounting • HR/payroll • Procurement • Inventory • Credit and collections • Expense management • Time reporting • Compliance • Approval and workflow • Trade promotion • Forecasting • Strategy • Planning • Budgeting • Consolidation • Treasury • Moving from a transactional focus to a holistic approachof administrative view of information • Responding to pressures and demands of regulatory compliance • Shifting from gatekeeper to enabler Source: Gartner: "HR and Finance: New Requirements, New Technology," Gartner Symposium 2004 Presentation by Lee Geishecker and Jim Holincheck , October 22, 2004

  7. The Finance Imperative VISIBILITY Deliver Better Business Information CONTROL Attain Sustainable Compliance EFFICIENCY Improve Business Processes at the Lowest Cost

  8. Oracle Delivers VisibilityDaily Business Intelligence Flexible,Pre-Built Reporting Flexible Selection SharedHierarchies • Profit and loss • Marketing leads • Sales forecast • Service requests • Contracts renewals • Headcount • Etc Daily Results Performance Measures Drill-Across

  9. The Finance Imperative VISIBILITY Deliver Better Business Information CONTROL Attain Sustainable Compliance EFFICIENCY Improve Business Processes at the Lowest Cost

  10. Oracle Compliance ArchitectureDelivering Sustainable Compliance Strategy, Tone Setting, Measurement Enterprise Planning and Budgeting Balanced Scorecard Business Intelligence • SOX • COBIT • International Laws Communication & Training Risk Management Internal Controls Manager iLearning Service Oriented Architecture BPM BPEL BAM Business Processes and Workflow Content and Records Management E-Business Suite Collaboration Suite Security and Identity Management Database 10g Application Server 10g

  11. The Finance Imperative VISIBILITY Deliver Better Business Information CONTROL Attain Sustainable Compliance EFFICIENCY Improve Business Processes at the Lowest Cost

  12. Oracle Delivers Efficiency Revenue Restatements Days Sales Outstanding AP/AR Employee Costs Invoice Issue Time Transaction Cost/Expense Report Expense Reimbursement Time Closing Time Closing Costs 40% 20% 50% 33% 60% 85% 80% 10% Sources: CNLR, Blue Nile, Hudson’s Bay, CGE&Y, Dr. Min Wu – NYU Stern School of Business

  13. OracleFinancials 11i10

  14. Oracle Financial Value Chain  Corporate Performance Management  Self-Service POs Leases Projects Contracts Inventory Trade HR Orders Projects Contracts Service Leases Trade Procure to Pay Travel & ExpenseManagement Credit to Cash Plan-to-Measure Financial Control& Reporting Projects Contracts Inflation Adjust. Maintenance Payments Governance & Compliance Payables Receivables Payroll Cash & Treasury Management Asset Lifecycle Mgmt  Service Oriented Architecture  Business Process Models Single Data Model

  15. Oracle Financial Value ChainVisibility, Control, Efficiency  Corporate Performance Management  Collaboration Procure-to-Pay Travel & ExpenseManagement Credit-to-Cash Plan-to-Measure Financial Control& Reporting Governance& Compliance Asset Lifecycle Mgmt Lease Mgmt Real Estate Mgmt Cash & Treasury Management  Service Oriented Architecture  Business Process Models Single Data Model

  16. Oracle Plan-to-MeasureUnderstand the Past, Control the Present, Position for the Future  Collaboration Planning,Budgeting & Forecasting StrategyFormulation &Goal Achievement StrategyFormulation &Goal Achievement Planning,Budgeting & Forecasting CorporatePerformanceManagement CorporatePerformanceManagement Financial Consolidation Business Activity Monitoring & OperationalReporting Financial Consolidation Business Activity Monitoring & OperationalReporting  Service Oriented Architecture  Business Process Models Single Data Model

  17. Financial Stay Informed Operational Develop Plans Statistical Tune Plans External Oracle Enterprise Planning and BudgetingAnalyze,Plan, Budget & Report • Integrate with General Ledger • Open interface for any data source • Configurable schema • Business process driven • Budget collection • Workflow notifications • Data scoping by user • Responsibility hierarchies • Data processing maps • Reporting and analysis • Exception alerts • Text annotations

  18. Model the Future Consistently Business Unit 1Plan 5 YearPlan Business Unit 2Plan CorporateStrategy Fiscal YearPlan Business Unit 3Plan Quarterly Plan for Rolling18 Months Collaborate and maintain consistency by sharing business drivers, models, rules, metrics, and methodologies across the organization

  19. Control The Planning Process • Clearly Define thePlanning Process • Rules • Schedules • Automate Tasks • Set calendars • Distribute worksheets • Solicit & validate submissions • Communicate assumption changes • Route for approval • Track Actions and Status • Tasks • Owners

  20. Monitor Results Oracle Daily Business Intelligence Flexible,Pre-Built Reporting Flexible Selection SharedHierarchies • Profit and loss • Expenses • Payables • Marketing leads • Sales forecast • Service requests • Contracts renewals • Headcount Daily Results Performance Measures Drill-Across

  21. Easy, Intuitive Drilldowns Enable easy drilldown into details via links

  22. 11i.10 Daily Business Intelligence • Significant new content • DBI is now configurable 11i.9 11i.10 Growth # Measures 160 235 47% # Reports 318 581 83% # Dashboards 31 36 16%

  23.  Corporate Performance Management  Collaboration Procure-to-Pay Travel & ExpenseManagement Credit-to-Cash Plan-to-Measure Financial Control& Reporting Governance& Compliance Asset Lifecycle Mgmt Lease Mgmt Real Estate Mgmt Cash & Treasury Management  Service Oriented Architecture  Business Process Models Single Data Model Oracle Financial Value ChainVisibility, Control, Efficiency

  24. Oracle Internal Controls ManagerStreamline Internal Control and Risk Management  Business Intelligence  Collaboration ProgramOffice Auditors Track Compliance Status, Document Findings, Recommend Changes Assess Internal Controls Scope Audit Test Controls Document Processes Create Library & Org Structure Certify and Report Results  Service Oriented Architecture  Business Process Models Single Data Model

  25. More Efficient Internal Controls TestingAutomated Process Documentation Process > Sub process > Procedure > Instruction > Online Help

  26. Higher Certainty in your Risk AssessmentFinancial Statement Certification Audit/Management Testing Results Business Process Certification

  27. Lower External Audit Verification CostsAudit Project Management • Scope • Audit procedures • Testing plans • Findings • Remediation plans • Issues

  28.  Corporate Performance Management  Collaboration Procure-to-Pay Travel & ExpenseManagement Credit-to-Cash Plan-to-Measure Financial Control& Reporting Governance& Compliance Asset Lifecycle Mgmt Lease Mgmt Real Estate Mgmt Cash & Treasury Management  Service Oriented Architecture  Business Process Models Single Data Model Oracle Financial Value ChainVisibility, Control, Efficiency

  29. Oracle Financial Control & ReportingTurn Financial Data into Information  Business Intelligence  Collaboration Plan and Budget Transact & Record Allocate & Consolidate Report  Service Oriented Architecture  Business Process Models Single Data Model

  30. Financial Control & ReportingAccelerate the Close Process Rapidly Consolidate Financial Information Across Different Entities and for Multiple Currencies, Charts of Accounts, Periods Streamline Inter-Company Accounting and Reconciliation AcceleratedCloseProcess Automate Labor Intensive Processes Achieve Performance Scalability

  31. Oracle General Ledger Enhancements • Gain Efficiencies w/ Highly Automated Financials Processing • eXtensible Business Reporting Language (“XBRL”) standard • XML publisher • Interface data transformer • Currency rates manager • Improved UI for transaction entry and management • Establish and Maintain Superior Internal Controls • Increase Enterprise Visibility • Profit & Loss Portal • Daily cumulative revenue trends • Pipeline to revenue report

  32. XML PublisherProfessional Quality Financial Reports Report Template XMLPublisher Published FSG Report! FSG Report as XML Output

  33. From This…

  34. …to this

  35. Manual processes Country-specific consolidation requirements Lack of audit trail Inadequate reporting tools Management and regulatory reporting Consolidation Challenges…

  36. Efficient Consolidation Support for global consolidation requirements Automated processing with one-touch workflow User-defined best practices for intercompany, minority interest, and investment eliminations Well-controlled Consolidation Process Monitoring, drill-down, and audit trail Dynamic ownership structures Impact analysis and exception handling One View of Financial Performance Consolidation of financial information from any source Statutory and management reports Integrated with planning and budgeting Oracle Financial Consolidation Hub Legacy Spreadsheet Financial Consolidation Hub PeopleSoft SAP

  37. Financial Consolidation Hub vs. GCS Financial Consolidation Hub GCS (General Ledger)

  38. Oracle Financial Value ChainVisibility, Control, Efficiency  Corporate Performance Management  Collaboration Procure-to-Pay Travel & ExpenseManagement Credit-to-Cash Plan-to-Measure Financial Control& Reporting Governance& Compliance Asset Lifecycle Mgmt Lease Mgmt Real Estate Mgmt Cash & Treasury Management  Service Oriented Architecture  Business Process Models Single Data Model

  39. Oracle Credit-to-Cash SolutionAccelerate Cash Cycle, Manage Revenue w/ Fiscal Discipline  Business Intelligence  Collaboration Manage Customer Credit Customers Banks ManageReceivables Receive PmtWrite-offBad Debt Transact Invoice / Bill PaymentProcessors DataProviders Manage Revenue Manage Customer Data Quality  Service Oriented Architecture  Business Process Models Single Data Model

  40. Oracle Receivables EnhancementsIssue Invoices, Receive Cash, Manage Revenue • Increase Efficiencies and Improve Cash Flow • Improved UI for transaction entry and management • Automatic claims creation with Oracle Trade Management • Receipt to receipt application • New prepayment types (ACH, direct debit and check) • Web services • Instill Corporate & Fiscal Discipline • Credit memo approval management workflow • Automated receipt handling for credits

  41. Automatically Generate Credit Review RequestsUpon Business Event Create a Central Repository for Viewing and Analyzing Time Critical Data New in 11i10 Greater Visibility to customer claims Minimize Valueless Tasks Oracle Credit ManagementReduce Credit Decision Cycle Times and Costs Case Folder

  42. Present Understandable Bills / InvoicesOffer Control and Flexibility • Account for Receivable & Payment • Recognize Revenue Upon Event • Provide Summarized Roll-Ups • Offer Detailed Drill-Downs • Facilitate Customer PO Recon Accounting CustomerTransaction Presentment

  43. With Drill Down View • Faster • Payment Bill Presentment ArchitectureProvide Understandable Bills / Invoices

  44. Oracle Advanced Collections EnhancementsCollect More Money Faster with Less Effort • Increase Collections Success • Statement reprinting • Reassignment capabilities let you manage collector work • Streamline the Collections Process • Mass promises - single screen to process promises formultiple invoices • Get a More Accurate View of Customer Information • Customer view aligns with Oracle Receivables(to ‘bill-to’ site level) • Integration with Oracle Trade Management provides a view of outstanding customer claims

  45. Oracle Trade ManagementManage and Resolve Customer Claims • Reduce Claims Settlement Time • Automatic claims creation via integration withOracle Receivables • Understand Customer Claims • View of customer claims in the context of collections and credit management processes • Gain Tighter Control of the Claims Handling Process

  46. Centralize Customer DataOracle Customer Data Hub • Centralize Customer Data without Disrupting Existing Systems • Improve Data Quality at aLower Cost • Synchronize Consistent Customer Data & Processes Across the Enterprise • Leverage 360-degree View of the Customer for Real-time Business Decisions CustomerData Hub Industry Partners Legacy, Custom Vendor Packages

  47. Oracle Financial Value ChainVisibility, Control, Efficiency  Corporate Performance Management  Collaboration Procure-to-Pay Travel & ExpenseManagement Credit-to-Cash Plan-to-Measure Financial Control& Reporting Governance& Compliance Asset Lifecycle Mgmt Lease Mgmt Real Estate Mgmt Cash & Treasury Management  Service Oriented Architecture  Business Process Models Single Data Model

  48. Oracle Procure-to-PayBridge Finance & Procurement for Lower Costs & Stronger Compliance DemandCreation  Business Intelligence  Collaboration Settlement Strategic Sourcing/Contract Mgmt Indirect &MRO Banks IssuePayments Requisition PurchaseGoods/Services Receive Goods/Services Invoice DirectMaterials PaymentProcessors DesignedMaterials Supplier Collaboration Services SWIFTNet  Service Oriented Architecture  Business Process Models Single Data Model

  49. Online Negotiation & CollaborationDrive More and Better Sourcing • Online bid analysis & scoring • Award allocation rules • Template-based contract authoring

  50. Sourcing Contracts iProcurement Purchasing • Negotiate pricingand terms • Author purchasing contracts • Enforce contract deliverables • Direct self-service orders to preferred suppliers at contracted pricing • Create purchasing transactions at contracted pricing Embedded Terms EnforcementEnforce Contracted Pricing and Terms Automatically implement negotiated pricing and terms in every transaction

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