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Oracle Fusion Financials Masterclass
Linda Wong
Fusion Financials Strategy
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Agenda What do customers want from Fusion
Financials?
And how do they get it right?
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WHAT DO CUSTOMERS WANT
FROM FUSION FINANCIALS ?
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“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
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“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)
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“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
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“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
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Reporting
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Reporting
HOW do I want to present my data
WHAT am I reporting on
WHO needs to see this information
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Boardroom-quality management reports
Ad-hoc transactional reporting
Spreadsheet integration
HOW do I want to present my data
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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
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Oracle Transactional Business Intelligence Ad-hoc transactional reporting
User-created custom queries and reports on
real-time transactional data
Pre-packaged samples
and content
Drilldown to details
Calculations, charts and
graphs
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Spreadsheet Integration
Multi-dimensional reporting
using familiar tools
Drag-and-drop data
selection
Real-time integration to Fusion General Ledger
balances
Drilldown to details
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Defining a chart of accounts
WHAT am I reporting on?
Using hierarchies
Creating ledgers
Setting up business units
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companies
departments
countries
industries
lines of business
products
regions
projects Your
Organization
subsidiaries
accounts
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reporting hierarchy management hierarchy
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reporting hierarchy last year’s this year’s reporting hierarchy
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$ 2500
$ 1500
$ 600 $ 400
$ 700 $ 800
$ 500
$ 300
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Hierarchy 1 100 101-199 200 201-299 300 ….. 400 500 600 700 800 900
Hierarchy 2 v1
005 006 101 201 301 401 601 701 007 501 801
Hierarchy 3 ALL 101 102 103 104 105 106 ….. ….. 801 802 803 etc
Regulatory reporting
hierarchy
Internal management
reporting hierarchy Allocations
Customer Example
Hierarchy 2 v2
005 006 101 201 301 401 601 501 801 701
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Company A
Secondary ledger Chart of Accounts
mapping
Reporting currencies Reporting currencies
Company A
Primary ledger
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Company A
Secondary ledger Chart of Accounts
mapping
Reporting currencies Reporting currencies
Company A
Primary ledger
Company B
ledger
Company C
ledger
Consolidation via
Financial Report
Common
COA and Calendar
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Company A
Primary ledger Company A
Secondary ledger Chart of Accounts
mapping
Reporting currencies Reporting currencies
Company B
ledger
Company C
ledger
Common
COA and Calendar
Consolidate via
Balance Transfer
Corporate
Primary ledger
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Overview of ledger hierarchy for your
organization
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Overview of ledger hierarchy for your
organization
View close status
of general ledger
and subledgers
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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
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Overview of ledger hierarchy for your
organization
View close status
of general ledger
and subledgers
Trial Consolidated
P&L for each level
of the hierarchy
Contact details and
social integration
embedded within the
process to investigate
and resolve issues
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Ledger Business Unit Transactions
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Customer Example
US Dollar
Primary Ledger
Regional
Holdings LLC
North America
BU
US BU
Australian Dollar
Primary Ledger
Indonesian Rupiah
Primary Ledger Euro
Primary Ledger
CFP Franc
Primary Ledger Brazilian Real
Primary Ledger
Australia Branch
BU
Africa BU
Japan BU
Australasia BU
Indonesia BU France BU Tahiti BU. South America
BU
Ledger
Business Unit
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WHO needs to see this information?
User roles and data access
Chart of Accounts security
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User roles and data access
Job role: What tasks or jobs can a user perform
Data role: What data can a user access
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France
Primary Ledger (corporate COA in Euros, USD)
France
Secondary Ledger (local COA in Euros)
Financial
Controller for
France Subsidiary
French
Business Unit
Manager
Corporate
Financial
Controller
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Chart of Accounts security
Segment Security Rules
Cross-Validation Rules
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LEDGERS best practices &
recommendations If you need local statutory reporting plus corporate operational reporting, you can use secondary ledgers to support a different COA.
If you have a global Chart of Accounts for all countries, you may use reporting currencies rather than secondary ledgers.
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).
You should standardize on a single corporate Chart of Accounts.
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HIERARCHIES best practices &
recommendations
BEFORE setting up hierarchies, consider your requirements for financial reporting, allocations, cross validation rules, revaluations, and chart of accounts mapping.
THEN define hierarchies based on those requirements.
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.
Define multiple versions of a hierarchy, and different hierarchies for different purposes by using multiple trees.
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SECURITY best practices &
recommendations
Use the out-of-the-box job roles to preserve the integrity of duties during upgrades.
If you have several companies operating in a single ledger and their operations are segregated, use multiple business units and segment security rules.
If you have several companies operating in a single ledger and their operations are shared you may opt to implement fewer business units.
Use data roles to control access to ledgers and business units.
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Agenda What do customers want from Fusion
Financials?
And how do they get it right?
Reporting
Understand How, What and Who
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