Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Scribd Logo
Upload

Welcome to Scribd!

  • 104 views

    Introduction To Hyperion Financial Management

    Uploaded by

    Priyanka Garg
    This document introduces Oracle's Hyperion Financial Management product. It discusses how the product helps customers address challenges around financial consolidation and reporting by streamlining the financial close process. Key features of Hyperion Financial Management include out-of-the-box financial intelligence, the ability to integrate data from any source, and design for compliance with regulations like Sarbanes-Oxley. The document also provides an overview of Oracle's performance management applications and demonstrates how Hyperion Financial Management integrates with these and other systems.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd

    Introduction To Hyperion Financial Management

    Uploaded by

    Priyanka Garg
    104 views26 pages
    This document introduces Oracle's Hyperion Financial Management product. It discusses how the product helps customers address challenges around financial consolidation and reporting by streamlining the financial close process. Key features of Hyperion Financial Management include out-of-the-box financial intelligence, the ability to integrate data from any source, and design for compliance with regulations like Sarbanes-Oxley. The document also provides an overview of Oracle's performance management applications and demonstrates how Hyperion Financial Management integrates with these and other systems.

    Original Description:

    Intro_HFM

    Original Title

    Intro_HFM

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    This document introduces Oracle's Hyperion Financial Management product. It discusses how the product helps customers address challenges around financial consolidation and reporting by streamlining the financial close process. Key features of Hyperion Financial Management include out-of-the-box financial intelligence, the ability to integrate data from any source, and design for compliance with regulations like Sarbanes-Oxley. The document also provides an overview of Oracle's performance management applications and demonstrates how Hyperion Financial Management integrates with these and other systems.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    104 views26 pages

    Introduction To Hyperion Financial Management

    Uploaded by

    Priyanka Garg
    This document introduces Oracle's Hyperion Financial Management product. It discusses how the product helps customers address challenges around financial consolidation and reporting by streamlining the financial close process. Key features of Hyperion Financial Management include out-of-the-box financial intelligence, the ability to integrate data from any source, and design for compliance with regulations like Sarbanes-Oxley. The document also provides an overview of Oracle's performance management applications and demonstrates how Hyperion Financial Management integrates with these and other systems.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 26

    <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

    You might also like