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Con9534 fusion financials
- 2. Agenda
What do customers want from Fusion
Financials?
And how do they get it right?
2
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- 3. WHAT DO CUSTOMERS WANT
FROM FUSION FINANCIALS ?
3
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- 4. “We selected Oracle Cloud ERP Services, and specifically
have started with the Fusion Financial model, based on three
key factors for ourselves. First is the analytics and reporting;
the embedded business intelligence and the way that will
support our business, as a data-driven business, is pretty key
for us.”
Lending Club
4
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- 5. “I was actually really impressed with the reporting
capabilities and immediately realized this was the answer
to our reporting challenge.”
PGA (Professional Golfers’ Association of America)
5
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- 6. “We’re very happy with the options of how we visualize our
accounting balances in real time. We now have more flexible
reporting, faster reporting, and an environment that more
easily permits user self-service reporting.”
Oracle
6
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- 7. “The reporting capabilities that are in the Fusion
platforms are really extensive, and they cover everything
from the supply chain capabilities to the finance
organization, so right out of the box we can meet most of
our reporting requirements by using the Fusion
platforms.”
Land O’Lakes
7
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- 8. Reporting
8
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- 9. HOW do I want to
present my data
Reporting
WHAT am I reporting
on
WHO needs to see
this information
9
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- 11. Financial Reporting
Boardroom-quality management reports
Self-service reports in
your choice of format
Interactive data selection
Real-time information with
drilldown to details
Formulas, calculations,
charts and graphs
11
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- 12. Oracle Transactional Business Intelligence
Ad-hoc transactional reporting
User-created custom
queries and reports on
real-time transactional data
Drilldown to details
Pre-packaged samples
and content
Calculations, charts and
graphs
12
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- 14. Defining a chart of accounts
WHAT am I
reporting on?
Using hierarchies
Creating ledgers
Setting up business units
14
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- 17. last year’s reporting hierarchy
17
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this year’s reporting hierarchy
- 18. $ 2500
$ 1500
$ 700
$ 800
$ 500
$ 300
$ 600
$ 400
18
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- 19. Customer Example
Internal management
reporting hierarchy
Regulatory reporting
hierarchy
Hierarchy 1
Hierarchy 2 v1
100
005
101-199
006
200
101
201
301
401
601
701
201-299
300
…..
400
500
600
700
800
900
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007
501
801
Allocations
Hierarchy 2 v2
005
006
101
201
301
401
601
501
801
701
Hierarchy 3
ALL
101
102
103
104
105
106
…..
…..
801
802
803 etc
- 20. Company A
Primary ledger
Chart of Accounts
mapping
Reporting currencies
20
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Company A
Secondary ledger
Reporting currencies
- 21. Common
COA and Calendar
Consolidation via
Financial Report
Company C
ledger
Company B
ledger
Company A
Primary ledger
Chart of Accounts
mapping
Reporting currencies
21
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Company A
Secondary ledger
Reporting currencies
- 22. Common
COA and Calendar
Corporate
Primary ledger
Company C
ledger
Company B
ledger
Consolidate via
Balance Transfer
Company A
Primary ledger
Chart of Accounts
mapping
Reporting currencies
22
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Company A
Secondary ledger
Reporting currencies
- 24. Overview of ledger
hierarchy for your
organization
View close status
of general ledger
and subledgers
24
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- 25. Overview of ledger
hierarchy for your
organization
View close status
of general ledger
and subledgers
Contact details and
social integration
embedded within the
process to investigate
and resolve issues
25
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- 26. Overview of ledger
hierarchy for your
organization
View close status
of general ledger
and subledgers
Contact details and
social integration
embedded within the
process to investigate
and resolve issues
Trial Consolidated
P&L for each level
of the hierarchy
26
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- 28. Customer Example
US Dollar
Primary Ledger
Regional
Holdings LLC
North America
BU
Australian Dollar
Primary Ledger
Australia Branch
BU
Indonesian Rupiah
Primary Ledger
Indonesia BU
Euro
Primary Ledger
CFP Franc
Primary Ledger
France BU
Tahiti BU.
Brazilian Real
Primary Ledger
Africa BU
US BU
Japan BU
Australasia BU
Ledger
Business Unit
28
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South America
BU
- 29. User roles and data
access
WHO needs to see
this information?
29
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Chart of Accounts
security
- 30. Job role:
User roles and data
access
What tasks or jobs
can a user perform
Data role:
What data can a
user access
30
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- 33. You should standardize on a single
corporate Chart of Accounts.
LEDGERS best
practices &
recommendations
If you have a global Chart of Accounts for all
countries, you may use reporting currencies
rather than secondary ledgers.
If you need local statutory reporting plus
corporate operational reporting, you can use
secondary ledgers to support a different
COA.
If your ledgers share the same COA and
Calendar, you can group them into a Ledger
Set for shared operations (e.g. close,
allocations, reporting).
33
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- 34. BEFORE setting up hierarchies, consider
your requirements for financial reporting,
allocations, cross validation rules,
revaluations, and chart of accounts mapping.
HIERARCHIES best
practices &
recommendations
THEN define hierarchies based on those
requirements.
Define multiple versions of a hierarchy, and
different hierarchies for different purposes
by using multiple trees.
Hierarchies that are used in financial
reporting and allocations must be published
to Oracle Essbase, and re-published
whenever updates are made to the
hierarchy.
34
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- 35. Use the out-of-the-box job roles to preserve
the integrity of duties during upgrades.
SECURITY best
practices &
recommendations
Use data roles to control access to ledgers and
business units.
If you have several companies operating in a
single ledger and their operations are shared
you may opt to implement fewer business
units.
If you have several companies operating in a
single ledger and their operations are
segregated, use multiple business units and
segment security rules.
35
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- 36. Agenda
What do customers want from Fusion
Financials?
Reporting
And how do they get it right?
Understand How,
What and Who
36
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