cloud day - profitability li
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Profitability and Cost Management Cloud Services
Herman SnykersPrincipal Solution Consultant EPMOracle BeneluxNovember 8, 2016
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Safe Harbor StatementThe following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle’s products remains at the sole discretion of Oracle.
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Cost Transparency Needs Improvement
78%
Source : “Cost Transparency: Helping Finance Create Business Value” – Deloitte
93%
Consider accurate cost information a top area
for improvement
Taking or planning action to improve the quality of
their cost information
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Are we as effective as we could be?
Which customers, product, services, channels?
Justify, trace and monitor cost effectiveness?
Optimize transfer pricing ?
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Product, Customer, Channel
Profitability
Management Allocations
IT Service Costing &
Chargeback
Shared Service Allocations
Cost Transparency
Allocation-based Business Processes
Operational Transfer Pricing
Confidential – Oracle InternalCopyright © 2016, Oracle and/or its affiliates. All rights reserved. |
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Profitability & Cost Management: Typical Approaches
Confidential – Oracle Internal 7
Spreadsheets ERP Custom Built
MANUAL PROCESSESINCOMPLETE INFORMATION AUDIT ISSUES
SECURITY QUESTIONS LIMITED VISIBILITYLACK OF GOVERANCE
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Statutory Requirements Journals Journals, journals, journals Allocations Projects Cost centers, Profit Centers Operational data, Units of Measure
General Ledger or Detailed Ledger ?Alternative - Create a Performance Ledger
Performance Ledger
A faster, focused financial close process A straight-line reporting process Auditable results with drill-back transparency
Timely Performance Insights Reflect changes easily Model and compare different options
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A Modern Profitability Application
Transparency Access to data Ownership
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Transparency – Out of the box Profitability intelligence
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Transparency – Drillable reports
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Transparency - Spreadsheet integration
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Access - Combine data regardless of the source
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Access – Visible trace on cost sources
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Access – Self-service views
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Ownership - Maintain allocation models
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Ownership - Run allocation models
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Transparency Access to data Ownership
Identify drivers of cost
and profit
Focus your Working
Capital
Confidently Connect
Information
Improve Decision Making
Empower business users
Create a culture of Accountability
Oracle Profitability and Cost Management
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