Improving Your Fiscal Close Process. Jeff Jacoby Senior Sales Consultant – Oracle EPM January 21, 2009. Agenda. The Fiscal Close Challenge Financial Consolidations At - A - Glance Compliance Reporting Consolidation Demonstration Q & A. World Class . 6 Days. <2 Days. More time!.
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Improving Your Fiscal Close Process
Senior Sales Consultant – Oracle EPM
January 21, 2009
Analyze and Forecast
Reporting Goal: High Value While Reducing Cycle Times
Source: Hackett Group Benchmarking -Solutions Book of Numbers
Calculate & Adjust
“Consolidations applications are seeing a resurgence after what was considered a maturing of this market, driven primarily by compliance issues in the United States (drivenby Sarbanes-Oxley) and worldwide (driven by the pending International Financial Reporting Standards).”-- Kathleen Wilhide and Henry D. Morris
Calculate & Adjust
Lengthy close process with weak internal controls
Rigid systems that cannot exploit new opportunities
Disconnect between strategy and execution
Basic reporting and consolidation functionality
Built for individual, not
enterprise tasks, no audit trail
“Build” approach, viable way
to address specific customer
“Buy” approach, includes best practices functionality, fast time to benefit
Financial Consolidation, Reporting and Analysis
GUIDED WORKFLOW USER INTERFACE
Hyperion Financial ManagementHyperion Planning
Oracle EPM System
Analyze Root Cause
Web-based production report writer for producing highly formatted reports such as Financial Statements.
Reports are easily developed and maintained by business
Reports can combine data, graphs, text, and images .
Flexible output options: HTML, PDF, and hardcopy.
Reports can be batched into books and automated to meet monthly, quarterly, and yearly reporting requirements.