Enterprise Performance Management

Hyperion Financial Management

www.codecdss.ie

Codec-dss 2016

Codec-dss EPM Overview

One of the oldest and biggest EPM partners
Amassed 30 years of industry EPM-know-how
Operating across 8 European offices with Dublin the HQ
Developed 4 own brand products
Specialists in setting EPM strategy and roadmaps for the business
Kaplan and Norton trained implementation team

Oldest Oracle EPM Partner

1992

Established
and starts Implements
Essbase
to
implement from Arbor
Software
DSS (EPM)
Solutions

1990s

Hyperion
buy`s Arbor
Software
and Codecdss
implement
Hyperion
solutions

2000s

2012

Oracle buy`s
Hyperion and
Codec-dss
implement
ORACLE
EPM
solutions

Winner of the
Silver Award
for Oracle
Hyperion
partner of the
year UK &
Ireland

2013

Winner of the
Silver Award
for Oracle
Hyperion
partner of the
year UK &
Ireland

2014

Winner of the
Silver Award
for Oracle
Hyperion
partner of the
year UK &
Ireland

2015

Winner of the
Silver Award
for Oracle
Hyperion
partner of the
year UK &
Ireland

Amassed 30 Years of Industry Know-How

Oracle an

EPM from 8 offices / 4 Countries

Ireland

Poland

Germany

USA

Philippines

Denmark

Scotland

Czech

Austria

Greece

Spain

Slovakia

Wales

Romania

Switzerland

Australia

Turkey

Dubai

England

Indonesia

Sweden

Holland

Hungary

Russia
6

Hyperion EPM Applications

Strategy
Management

Planning and
Forecasting

Financial Close
and Reporting

Profitability
Management

Common Administration Services

Oracle BI Foundation

Automate and link strategic and

financial management processes
Modular, integrated suite
Integrates data from multiple
transaction systems
Over 7,000 customers
Strategic alignment with Fusion

The Financial Consolidation Challenge

Deliver High Value and Reduced Cycle Times
Average
Collect data

6 Days
Close

12 Days
Adjustments

Report

Currency
I/C
Subsidiaries

Management
Legal
External

Analyze

World Class
<2 Days

6 Days
More time!

Collect Close

Adjustment

Report

Analyze and Forecast

www.codecdss.ie

Codec-dss 2016
8

Financial Close and Reporting Today

a controlled process is not easy to achieve!
Lengthy and cumbersome closes
Inefficient and disconnected processes
Difficulty with reporting and analysis
Data quality issues
Inability to keep pace with change
No control over the process
Too many spreadsheets
AUDIT ISSUES
www.codecdss.ie

Kenneth Lay

Accounting scandals have

brought financial reporting
into focus as never before

Codec-dss 2016
9

Internal Control Issues

by Major Category

Percentage of Internal Control

Issues* by Major Category

Documentation
Entity-Level & Anti-Fraud
Controls

7%
9%

27%

Financial Statement Close

Process & Disclosure

By Sub Type

Policies/documentation Issues

141

Anti-Fraud Controls

15

Compliance Monitoring

20

Control Environment

151

Application of GAAP/accounting policies

256

Financial statement close process & consolidation

120

Intercompany accounts/reconciliation

93

Review of significant or unusual transactions

212

Change controls

25

Date protection

23

Infrastructure

27

Security/user access

52

Merger/predecessor issues

27

IT Controls

Merger Issues

34%

11%
2%
3%

1%

Multilocation Considerations International operations & subsidiaries

59

Other

32

Other

6%

Segregation of duties

76

Staffing issues (levels, expertise, training)

157

Accounts payable

26

Accounts receivable

30

Financial Statement Close Process & Disclosure

Accruals/restructuring costs

50

IT Controls

Contracts/loans/third-party transactions

75

Personnel Issues

Documentation
Entity-level & Anti-Fraud Controls

Employees benefits/pensions

38

Merger Issues

Inventory management

55

Multilocation Considerations

Property, equipment, leases

83

Revenue & billing

79

Tax issues

112

Significant Account Level

Other
Personnel Issues

Total # Internal Control

Issues

2,034

Significant Account Level

* Source: The Ames Research Group (June 30, 2005);
analysis by Ernst & Young Center for Business Knowledge

www.codecdss.ie

Codec-dss 2016
10

Enable a Streamlined Financial Close Cycle Your

Auditors Will Approve, Year after Year
Data

Internal

External

Cleansing

Reporting

Reporting

& Analysis

& Compliance

& Transfer

Consolidate/Tax

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
www.codecdss.ie

Codec-dss 2016
11

Oracle Performance Management Applications

Strategic Planning

Planning and Budgeting

Set Strategic
Objectives
Treasury
Strategies

Cascade Targets
Long-Term
Planning

Forecasting

Corporate
Development

Detailed Budgeting

Allocate Resources

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

Define Cost Drivers

Perform
Allocations

www.codecdss.ie

Codec-dss 2016
12

Oracle Financial Consolidation and Reporting

Applications & Tools - Purpose Built for Each Step of the
Process
Financial Close Process
Hyperion Financial
Data Quality
Cleansing
Management

Hyperion Financial
Consolidate
Management

www.codecdss.ie

Hyperion Web
Internal Reporting
Analysis
& Analysis
Smart View

HyperionReporting
External
Financial &
Compliance
Reporting

Codec-dss 2016
13

Market Leading Performance Management

Applications
EPM
EPMWorkspace
Workspace
PERFORMANCE MANAGEMENT APPLICATIONS
Strategy
Management

Business
Planning

Profitability
Management

Financial
Reporting &
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

14

Hyperion Financial Management

FEATURES

Simple to customize

Easy to integrate

Financial Data Quality

Complete audit trails

Flexible workflow

Powerful reporting

Finance owned & operated

#1

Financial Consolidation,
Reporting & Analysis

www.codecdss.ie

BENEFITS
Confidence in the numbers
Reduce cycle time
Automate collection &

validation
Lower cost of compliance
Speed and agility

Codec-dss 2016
15

Hyperion Financial Management

The Heart of Financial Reporting Compliance
Transactions

Reporting
CFO

CFO Dashboard
Oracle GRC Manager
Application Configuration Controls

ERP: Oracle,
SAP, Legacy,
Other

Hyperion
Financial
Data Quality
Management

Application Access Controls

Hyperion
Financial
Management

Tax
Calculations

Tax
Filing

Financial and
Mgmt. Reporting

XBRL/SEC

Reconciliations

CIO

Fusion Middleware

Oracle/Hyperion

Partner
www.codecdss.ie

Codec-dss 2016
16

Hyperion Financial Management Functional Architecture

Client
Data Entry &
Consolidation

Browser/Windows/Smart View

MS Office
Integration

Formatted Reports Dashboards

Server
GAAP
IFRS
Compliance
Rules Engine

InterCompany
Processing

Fail-Over and Load Balancing

Currency Translation
& Eliminations

Process
Management

Role-Based
Security

Journals

Line Item
Management

Custom &
Predefined
Dimensionality

Audit
Tracking

Data

Data Import/Validation

Meta Data Repository

Security

Documents attachments
Cell text

Interoperability

Logs

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Codec-dss 2016
17

HFM Architecture
Basic FDM process
includes six steps:
1. Import source data
2. Validate source
data against
mapping tables
3. Export source data
to a target system
4. Consolidate target
system data
5. Validate target
system Data
6. Review and
Validate internal
financial Control

Target System
Essbase

Source Data
OLE DB

Import

FDM

Export

Hyperion
Enterprise

ODBC

Flat
Files

HFM

Mapping/Source Data Validation

Any OLAP
Application

Target System Consolidation

Target System Data Validation

Excel

Reporting/ Drill Down/ Audit Trial

SQL Server/
Oracle/ DB2
database
18

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
www.codecdss.ie

Codec-dss 2016
19

Fundamental Capabilities
CAPABILITY

DETAIL

Reporting

Most flexible solution in the market, periodic

consolidation, segment reporting, fin. intelligence

Consolidation

Multi GAAP capabilities, flexibility, variance analysis,

audit trail, intercompany, phased submissions

Compliance

Workflow, documentation attachments, commentaries,

electronic questionnaires, disclosures

Data Integration

Financial data quality management employed to

collect, map, validate & move data

MS Office Integration

Bi-directional capabilities within MS Office suite for real-time,

accurate information

www.codecdss.ie

Codec-dss 2016
20

Addressing Global Compliance Needs

SARBANES-OXLEY REQUIREMENT

FINANCIAL MANAGEMENT

Section 302 CEO/CFO must certify

Submissions contain audit trail

Section 404 Internal control report

Mandatory review/approval procedures

Section 401 Conditions for use

of non-GAAP financial measures

Multiple organization hierarchies and

chart of accounts

U.S. auditing standards

Autonomy from transaction systems

Accelerated reporting

Web solution, I/C reconciliation, journals

IAS/IFRS REQUIREMENT

FINANCIAL MANAGEMENT

Global Standard, Convergence

IFRS, Multi-GAAP, and local statutory

Recognition and measurement

Custom dimensions; financial

intelligence, journals with audit trail

Consolidation and reporting

Segment reporting, specialized currency,

inter-company, disclosures
www.codecdss.ie

Codec-dss 2016
21

Oracles Hyperion Financial Management

Benefits

Confidence in the numbers One integrated solution (FDM+ HFM)

for all data improving processing time and accuracy with complete
audit trails and validation processes.
Decrease cost of compliance Financial Management with a flexible
workflow, process control, intercompany balance and transaction
eliminations, commentaries and electronic questionnaires help
organizations to focus on value added tasks.
Speed and agility Improve the close cycle by days with Finance
owned workspace, a centralized DB and EPM Architect to implement
and maintain the application with confidence and rapidity
www.codecdss.ie

Codec-dss 2016
22

Common Integration Oracle Data Integrator

Hyperion Planning, Financial Management and Essbase
Oracle Hyperion Planning

Oracle Hyperion Financial

Mgt

Oracle Hyperion Essbase

Oracle Hyperion Application Adapters

Hyperion
Planning

Hyperion
Financial
Mgt

Hyperion
Essbase

Extract Data

Extracts Dimension
Members

Metadata Discovery
and Model Creation
API Layer
Authentication
Services

Data Services

Logging Services

API Layer

Oracle Data Integrator

ODI Knowledge Modules for Hyperion
Metadata
Repository

Bulk
Transform.

Changed
Data
Capture

Data
Integrity

Other
Sources

People
Soft

Loads Dimension
Members

Cube Refresh

Consolidate

Calculate

Other Features

Bulk and Real-Time Data Processing

Oracle
EBS
CDC

Data Quality

ODI Connectivity Framework

Information
Assets

Loads Data

SAP/R
3

M
es
sa
g
e
Q
u
e
u
es

Data
Warehouse

www.codecdss.ie

Codec-dss 2016
23

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 Clensing and

Transformation
Task scheduling
Text and document
archive
Audit review

BPM Adapters

Prepackaged integration
Data loading including
supplemental data, line item
detail
Dimensional mapping
verification
Process management

EPM
SYSTEMS
Hyperion Financial
Management
Hyperion Planning
Hyperion Essbase
Hyperion Enterprise
Data Marts

Data staging

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Codec-dss 2016
24

Accreditations

25

References
Financial Services

Retail

Telecommunication
s

Manufacturing

Government/Semi

Miscellaneous

Beverages

Utilities

26

HFM Industrial: Metso

Sustainability Reporting Benefits
Before

After

Cost Savings

1,300 e-mails

Centralized HFM/SR Solution

Time Savings

18-month process

Synchronised with Financial closing

Flexibility

Collection of data

In-depth reporting, value-added analysis

Integration

None

Integrated with the Financial

platform

After the first presentation it took three weeks to close

Next steps: Interactive Dashboards on top of Hyperion Financial Management

27

HFM Utilities: Ervia

28

HFM Property: Regus

Challenge:
Codec-DSS worked with Regus in September 2012 around the Implementation
of a tactical solution to replace the existing financial management system.
Solution:
Codec-DSS went on to propose and implement a re-architected solution for financial
reporting. We also ensured that the new architecture had inbuilt redundancy and that
performance to the end users was significantly enhanced.
Benefits:
Improved reliability of the HFM system. Reduced downtime. Consistent close window and
delivery of reports to the business Improved confidence in the HFM application throughout
the group Faster response times.
29

HFM Banking: RBS

Challenge:
RBS replaced excel based reporting packs with Oracle HFM consolidation tool
Providing a single portal for consolidation, reporting and analysis
Along with a streamlined month end consolidation process.
Solution:
HFM, EAL 11.1.1.4- latest release with security additions/
partial snapshots, Essbase, FDM , HFR and SmartView.
Benefits:
High data volumes, structures and users passing near real-time queries
No requirement for IT involvement in month end reporting cyclenear real time reporting from HFM through Essbase
No data is stored in Essbase -data is stored in EAL data store
Integrate historic and live data sources seamlessly (partitions)
Re-map HFM metadata to create ad hoc reporting cubes
30

Thank you for

listening!

www.codecdss.ie