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Streamlining your Close Process

with new solutions from Oracle|Hyperion


FCM - Financial Close Management

DM - Disclosure Management

EAL Essbase Analytics Link

Michelle Pretlow Master Principal Solutions Consultant


Disclaimer

This document in any form, software or printed matter, contains proprietary


information that is the exclusive property of Oracle. Your access to and use of this
confidential material is subject to the terms and conditions of your Oracle Software
License and Service Agreement, which has been executed and with which you agree to
comply. This document and information contained herein may not be disclosed, copied,
reproduced or distributed to anyone outside Oracle without prior written consent of
Oracle. This document is not part of your license agreement nor can it be incorporated
into any contractual agreement with Oracle or its subsidiaries or affiliates.
This document is for informational purposes only and is intended solely to assist you in
planning for the implementation and upgrade of the product features described. It is
not a commitment to deliver any material, code, or functionality, and should not be
relied upon in making purchasing decisions. The development, release, and timing of
any features or functionality described in this document remains at the sole discretion
of Oracle.

Due to the nature of the product architecture, it may not be possible to safely include
all features described in this document without risking significant destabilization of
the code.

Copyright 2009, Oracle and/or its affiliates. All rights reserved. 3


The Complete Financial Close Solution
Only Oracle Can Deliver
Transactions Reporting

CFO Dashboard

Governance, Risk & Compliance

Financial Close Management

Tax Tax
ERP: Calculations Filing
Data Financial
Oracle, PSFT,
Assurance Consolidation Disclosure
SAP, Other Financial and
Management
Mgmt. Reporting
XBRL/SEC

External
General Data Internal Mgmt
Sub Ledger Close Consolidation Financial Filing
Ledger Close Assurance Reporting
Reporting

Copyright 2009, Oracle and/or its affiliates. All rights reserved. 4


Close Process and Key Activities
Gather and validate
Deliver self
complete data sets to
service reporting Automate and
support all financial
Close Sub Ledgers to the deliver Edgar &
reporting needs (i.e.
into GL (i.e. AR, AP, organization for XBRL filings,
Legal Entity, Segment,
FA, etc.) performance Statutory
Management, Tax,
discussions and filings, Tax, etc.
Sustainability Metrics,
plan realignment
etc.)

External
General Data Internal Mgmt
Sub Ledger Close Consolidation Financial Filing
Ledger Close Assurance Reporting
Reporting

Automate consolidated
Perform Reconciliations financial reporting Automate external
Bank Reconciliations leveraging multiple reporting
Standard Account Recon hierarchies and gathering
calculations (i.e. CTA, disclosures and
Sub Ledger Recon FASB, KPIs, FX, financial
Post Accruals Retained Earnings, information
Topside Entries etc.)

Copyright 2009, Oracle and/or its affiliates. All rights reserved. 5


Workflow and Task Management Issues

External
General Data Internal Mgmt
Sub Ledger Close Consolidation Financial Filing
Ledger Close Assurance Reporting
Reporting

Lack of visibility to tasks across financial systems, departments,


regions, etc.
Manual spreadsheets are used to manage the financial close calendar
Hope and email are core to the process
Account reconciliations are managed manually
Task management is fragmented and manual

Copyright 2009, Oracle and/or its affiliates. All rights reserved. 6


<Insert Picture Here>

Oracle Financial Close


Management
Feature Overview

Copyright 2009, Oracle and/or its affiliates. All rights reserved. 7


Oracle Financial Close Management
Streamline the Extended Close Process
PROCESS MONITORING ACTIVE CALENDAR
Executive Dashboard Views

Active integration
with EPM and ERP
systems

TASK MANAGEMENT ACCOUNT RECONCILIATIONS

Automation
Centralized web through matching
based task capabilities and
management and integration with all
collaboration sources

Copyright 2009, Oracle and/or its affiliates. All rights reserved. 8


Process Monitoring

Encourages continuous
improvement to the close
process
Dashboards and ad-hoc
reporting offers instant real time
insight into the close processes
Easily illustrates current
process status
Automatically updates status on
process tasks
Highlights which tasks are at
risk or behind schedule

Copyright 2009, Oracle and/or its affiliates. All rights reserved. 9


Active Financial Close Calendar

Details all the tasks required


for the financial close process
Multiple views of close process
flow
Calendar view
Tasklist view
Gantt view
Calendar view
Customizable for each user

Copyright 2009, Oracle and/or its affiliates. All rights reserved. 10


Task Management

Support multiple task assignment


types
Milestone tasks
Simple end user manual tasks
Integrates with EPM and EBS task
assignments (i.e. AR sub ledger
close to GL)
Complex system automation
Supports task hierarchies,
dependencies and grouping
Tasks can be incorporated into users
primary email/calendaring systems
MS Outlook, others

Copyright 2009, Oracle and/or its affiliates. All rights reserved. 11


Account Reconciliations

Improve the close by controlling


the account reconciliation process
Automatically identifying reconciling
differences
Integrating all relevant information
into one application regardless of
source
Ensure policy compliance
Manage reconciliation process
Assignment, submission, approval

Copyright 2009, Oracle and/or its affiliates. All rights reserved. 12


<Insert Picture Here>

Oracle Disclosure
Management
Features Overview

Copyright 2009, Oracle and/or its affiliates. All rights reserved. 13


Document Management and Creation Issues

External
General Data Internal Mgmt
Sub Ledger Close Consolidation Financial Filing
Ledger Close Assurance Reporting
Reporting

Management and creation of critical documents is manual (Debt


Covenants, 10Q/K, Board Package and Presentation, etc.)
Process for 10Q/K, EDGAR and XBRL are disconnected (error prone)
Gathering and managing commentary is manual
Adjustment of financial data is manual
MS Word documents sent to 3rd party who reformats and files with
EDGAR (error prone)
MS Word files are converted to XBRL by 3rd parties or manually (error
prone)

Copyright 2009, Oracle and/or its affiliates. All rights reserved. 14


Today: Multiple Disconnected Processes for
10K/10Q, EDGAR and XBRL
XBRL filing is in addition to standard EDGAR/SEC filings. Its not
a replacement for 10K/10Q.
10K/10Q
SECs
EDGAR

Etc.

Etc.

3rd parties like Bowne, Merrill involved heavily at a cost!

Copyright 2009, Oracle and/or its affiliates. All rights reserved. 15


Oracle Disclosure Management

Covers the entire process of taking a


companys consolidated results and
transforming them into specifically
stylized statutory filings
Document creation process manages
the entire distributed development of the
statutory report
Simple end user experience leverages
users preferred document application -
Microsoft Word
Built-in, extensive XBRL reporting
capabilities including full instance
document creation and validation
Supports multiple output formats

Copyright 2009, Oracle and/or its affiliates. All rights reserved. 16


Document Creation Process

Document life-cycle management


Creation / breaking up into doclets
Combine multiple documents into master
document
Enables versioning of artifacts
Provides review cycle
Process management
Enables distribution of tasks
Status reporting
Monitor tasks
Notifications
Integration with e-mail system, workspace,
MicroSoft Office

Copyright 2009, Oracle and/or its affiliates. All rights reserved. 17


XBRL Reporting

A complete XBRL creation and


management solution
Enterprise XBRL mappings
Report tagging - MicroSoft Office or
Oracle Hyperion Financial Reports
Metadata tagging Hyperion Financial
Management, Essbase, Hyperion
Planning
Taxonomy management including
extension and version control
Support for multiple taxonomies
Instance document management
Creation and validation
Comparison between companies

Copyright 2009, Oracle and/or its affiliates. All rights reserved. 18


XBRL: Just another output format

Output will support various regulatory authorities


USGAAP - SEC
IFRS - European Exchanges, Asia
The following output formats are supported for the
main document:
PDF
Word
XBRL
HTML
XHTML (in-line XBRL)
EDGAR

Copyright 2009, Oracle and/or its affiliates. All rights reserved. 19


<Insert Picture Here>

Oracle Essbase
Analytics Link
Features Overview

Copyright 2009, Oracle and/or its affiliates. All rights reserved. 20


Oracle Essbase Analytics Link for HFM
Seamless integration of HFM with Essbase
Real-time or On Demand Custom Financial Analytics
Extending HFM with zero impact on the HFM servers
More users, more reports, bigger queries
Simple and automated implementation
Low cost of implementation and ownership
Oracle owns the integration
Standard part of the EPM platform

CFO Dashboard

Financial Reporting Management Reporting

ERP:
Data Financial Essbase
Oracle, SAP, Essbase
Assurance Consolidation Analytics Link
PSFT, Other

Transactions Reporting
Transparent, Real-Time Integration

HFM
User

Essbase
User
FCM - Financial Close Management

DM - Disclosure Management

EAL Essbase Analytics Link

Michelle Pretlow Master Principal Solutions Consultant


Questions