Organizations today face a constant stream of requirements and regulations that add complexity and change to their period-end close processes. Add to that reality a manually-driven approach to ‘closing the books’ and it is not surprising that organizations recognize the value of adopting a tool that can efficiently manage all of their financial close cycles. This presentation will make a case for embracing a unified financial close strategy that incorporates Oracle Hyperion Financial Close Management. Objectives: • Demonstrate the benefits of an optimized close process • Reveal the advantages of increased collaboration • Exhibit the improvements in user productivity • Illustrate the value of improved transparency and compliance • Demonstrate the assurance of reconciliation accuracy

1. Oracle Financial CloseManagement:
Streamline Your Close Process
RJ Linehan, Innovus Partners
QuestDirect.org

2. Innovus Partners
A premier consulting firm whose primary focus is to
deliver innovative enterprise performance
management solutions to the modern client leveraging
its proven project delivery approach.
• Oracle Gold Partner
• Oracle Certified Specialists
• Member of industry's three leading users groups
• Quest International Users Group
• Oracle Application Users Group (OAUG)
• Oracle Development Tools User Group (ODTUG)

3. Join more than 500 other
JD Edwards users at
April 12-16, 2015
Mandalay Bay- Las Vegas, NV
• Keynote from Lyle Ekdahl,
Vice President of JD Edwards
• JD Edwards’ Roadmap and Strategy
(Including Big Announcements)
• Education around JD Edwards with Edge products,
macro-level content and high-level strategy
• More than 230 Solution Providers across several
Oracle Products
register now!
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4. Today’s Agenda
Welcome!!!
• Today’s Finance Organizations and the Close
• Overview
• Pain Points
• Use Case
• Financial Close Management Architecture
• Financial Close
• Account Reconciliation Manager
• Q&A

5. Today’s Finance Organization
Key Goals of Financial Close Process
• Improve efficiency and timeliness
• Shorten the close cycle with less resources
• Strengthen financial governance
• Internal and external forces demand
improved financial controls
• Increase transparency and reliability
• Different levels of visibility of financials
that are accurate and accessible
• Adapt to perpetual change
• Rapid and unexpected change has
become the norm

6. Today’s Finance Organization
Central Challenges of Financial Close Process
• Transparency & Consistency
• Inability to improve accuracy of financial reporting due to lack
of visibility
• Communication
• Poor communication causes failure to reduce processing time
• Lack of common definitions leads to misunderstanding within
Finance Organization
• Data Governance
• Absence of process control results in task failure
• Documentation
• Deficient documentation prevents audit trail and supporting
detail

7. Today’s Finance Organization
Departmental Org Chart & Roles
CFO
Treasury Tax Accounting Finance
Investments Federal Operations External Rpt
Cash State & Local Account Recs Internal Rpt
AP/AR Statutory
Compliance Consolidations FP&A
Expenses GL
Maintenance
Internal Audit /
SOX

8. Typical Financial Close Process
Data
Collection
Continuing
Transactions
Input
GL Close Consolidation
Internal
Reporting
External
Reporting
Process Output
Work Flow

9. Actual Financial Close Process

10. Managing the Financial Close

11. Managing the Financial Close
Write-Offs & Bad Debt
• Task Information
• Name & Description
• Attributes (Company, Financial
Statement, Business Area)
• Task Resources
• Doer
• Reviewer
• Coordinator
• Task Dates

12. Oracle Hyperion Financial Close Management
Close the Problem with a Business Solution
• Centralized web-based solution managed by
business users for business users
• Supports all financial close tasks
• Ledger and sub-ledger close
• Data loading and mapping
• Financial consolidation
• Account reconciliation
• Internal and external reporting processes
• Tasks associated with extended financial close

13. Oracle Enterprise Performance Management System

14. Oracle Financial Close Suite

15. Oracle Financial CloseManagement Architecture
Core Product
Close Manager
Account
Reconciliation
Manager
(ARM)
Integration Layer
Integrations
FDMEE
ApplicationLayer
General
Ledger
EPM
Apps
EDW
Data Flow

16. Close Manager
Key Features
• Task scheduling and management feature to track
and prioritize close tasks
• Pre-built, web-based dashboards for monitoring
progress of financial close
• Process automation feature that offers lights-out
support
• Powerful filtering and ad-hoc reporting capabilities
• Roll-forward feature to create new calendars based
on prior financial close

17. Account Reconciliation Manager
Key Features
• Control over account reconciliation
• Flexible formats adaptable to each type of account
• Easy-to-use features for maintaining reconciliation
assignments (mass updates and import capabilities)
• Seamless integration using Oracle Hyperion
Financial Data Quality Management ERP Integration
Adapter
• Auto reconciliation of approved zero balance
accounts
• Configurable frequencies and unlimited level of
approval

18. Close Manager - Dashboard

19. Close Manager – Gantt Chart

20. Close Manager – Monthly Calendar

21. Close Manager – Task List

22. Close Manager – Task List

23. Close Manager - Task Actions

24. Close Manager - Task Actions

25. Close Manager - Task Actions

26. Close Manager - Task Actions

27. Close Manager - Task Actions

28. Integrated Applications
• Integrate close activities
within FCM
• Tasks can direct
users to specific
areas in ERP system
• Tasks can schedule
execution ERP
system processes

29. Integrated Applications

30. Account Reconciliation - Task Actions

31. Financial Close Process – Report Binder
FCMReport Binder - Click Me

32. Oracle Financial CloseManagement:
Streamline Your Close Process
RJ Linehan, Innovus Partners
QuestDirect.org