con9534 fusion financials

Oracle Fusion Financials Masterclass

Linda Wong

Fusion Financials Strategy

Copyright © 2013, Oracle and/or its affiliates. All rights reserved. 2

Agenda What do customers want from Fusion

Financials?

And how do they get it right?

Copyright © 2012, Oracle and/or its affiliates. All rights reserved. Insert Information Protection Policy Classification from Slide 16 3

WHAT DO CUSTOMERS WANT

FROM FUSION FINANCIALS ?


“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


“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)


“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


“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


Reporting


Reporting

HOW do I want to present my data

WHAT am I reporting on

WHO needs to see this information


Boardroom-quality management reports

Ad-hoc transactional reporting

Spreadsheet integration

HOW do I want to present my data


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


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


Spreadsheet Integration

Multi-dimensional reporting

using familiar tools

Drag-and-drop data

selection

Real-time integration to Fusion General Ledger

balances

Drilldown to details


Defining a chart of accounts

WHAT am I reporting on?

Using hierarchies

Creating ledgers

Setting up business units


companies

departments

countries

industries

lines of business

products

regions

projects Your

Organization

subsidiaries

accounts


reporting hierarchy management hierarchy


reporting hierarchy last year’s this year’s reporting hierarchy


$ 2500

$ 1500

$ 600 $ 400

$ 700 $ 800

$ 500

$ 300


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


Company A

Secondary ledger Chart of Accounts

mapping

Reporting currencies Reporting currencies

Company A

Primary ledger


Company A


mapping


Company A

Primary ledger

Company B

ledger

Company C

ledger

Consolidation via

Financial Report

Common

COA and Calendar


Company A

Primary ledger Company A


mapping


Company B

ledger

Company C

ledger

Common

COA and Calendar

Consolidate via

Balance Transfer

Corporate

Primary ledger


Overview of ledger hierarchy for your

organization



organization

View close status

of general ledger

and subledgers



organization

View close status

of general ledger

and subledgers

Contact details and

social integration

embedded within the

process to investigate

and resolve issues



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


Ledger Business Unit Transactions


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


WHO needs to see this information?

User roles and data access

Chart of Accounts security


User roles and data access

Job role: What tasks or jobs can a user perform

Data role: What data can a user access


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


Chart of Accounts security

Segment Security Rules

Cross-Validation Rules


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.


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.


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.


Agenda What do customers want from Fusion

Financials?

And how do they get it right?

Reporting

Understand How, What and Who


Graphic Section Divider

con9534 fusion financials

Technology

oracle andor

reporting capabilities

faster reporting

flexible reporting

reporting requirements

reporting challenge

transactional reporting

user selfservice reporting