This document discusses Oracle's Hyperion Tax Provisioning (HTP) software. HTP is a tool for managing corporate tax provisioning processes. It is based on Hyperion Financial Management (HFM) and provides predefined metadata structures, accounts, rules, forms and reports for tax provisioning. The document outlines Edgewater Ranzal's experience implementing HTP for a client, including analyzing current tax processes, designing the HTP configuration, building it out, testing, and migrating to production. Key lessons learned included allowing more time for upfront design given the complexity of tax processes and understanding how dimensionality works between entities, accounts and custom dimensions.
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4. What is Hyperion Tax Provisioning (HTP)?
Implementing HTP
What we learned
Questions
Agenda
5. HTP is software created by Oracle to support corporate
tax provisioning process
● first release was 11.1.2.2 (2013), now 11.1.2.3.501 - 3rd release
Architecture is based on HFM
HTP is licensed separately
Technically, HTP is an HFM application, preconfigured
by Oracle Development team
What is HTP?
6. HFM is a mature product consistently maintained and
improved in the last 14 years, providing many features
relevant to tax provisioning process
● Flexible data collection tool
● Calculation rules, and automated accounting
entries
● Native aggregation, translation and consolidation
capabilities
● Web architected solution (central and remote web
access)
● Reporting capabilities
Why is HTP based on HFM?
7. HTP is not “TurboTax”:
● HTP is not a “turn key” filing solution: HTP does not
automatically generate IRS tax forms.
● HTP provides a framework for provisioning process
● HTP requires configuration before enterprise tax
users can input their data.
What is HTP NOT?
8. HTP application built for Tax
● Metadata structures
● Chart of Accounts
● Custom dimensions (5)
● Currencies, sample of entities, etc.
● Rules dynamically linked to the metadata
● Web forms (77) dynamically linked to the metadata
● Reports (63) dynamically linked to the metadata
● Tax automation module
HTP: what’s in the box?
9. HTP rules are vbscript
HTP Metadata can be classic or EPMA
New features on Release 11.1.2.3.501 based on
customer feedback:
● Opening Balances from different Scenarios
● Data Entry and Tax Calculation at Parent Level
● NIBT Translation (Override Translation Rate)
Technical Features
11. Links book
and tax data
Defines
relationship
between
Source and
Tax accounts
Tax Automation
12. HTP provides an organized structure
with multiple groups of accounts, for
example:
● “Book accounts” are configurable
TB accts
● National and Regional tax
accounts
● Tax Rates
● Validation Accounts
HTP chart of accounts
21. Review current tax process
Compare to HTP
Identify HTP process “gaps”
Analyze
22. The results of the analyze phase will determine
the level of customization for:
● Metadata
● Rules
● Data forms
● Reports
Design
23. Create entity structure with corresponding
attributes
Add accounts and correct User Defined Attributes
Add any necessary custom dimension details
Configure Tax Automation
Create additional rules, if needed.
Add web forms or Reports, if needed
Assign security access
Build
24. UAT and Training was given
Extensive testing for parallel process
Resolve UAT and parallel issues
HTP was migrated to Production
Test and Rollout
26. Upfront design and requirements – longer than
anticipated
● The level of complexity and understanding of the tax
process before the project will help determine the time
needed
Understanding relationship dimensionality
● Between Entities, Accounts and Customs
● Combination on User Defined fields determine tax
calculations
What we learned
27. Focus on Tax Requirements
● HFM – Org by Period – not necessary in HTP
Data Sourcing is very important
Ability to upgrade/patch
● Metadata – keep current metadata and select the
Oracle metadata needed/wanted.
● Rules – Manually cut and paste custom code into the
new Oracle rules file.
What we learned