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Agenda
• Introduction
• About the Speakers
• Current Consolidation Challenges
• Why Financial Consolidation & Close Cloud
Service (FCCS)?
• FCCS Demo
• Consolidation of Single-Currency Company
The Modern Business Close Series
• The Modern Business Close: Employing Oracle’s FCCS to
Overcome Today’s Close Challenges
• REPLAY AVAILABLE ON OAUG SITE
• Professional Summary
• Senior architect and implementation consultant Client Experience
for EPM/BI solutions
• 17+ years combined industry and EPM/BI
consulting experience
• Senior roles in over 50 Enterprise Performance
Management (EPM) and Business Intelligence
(BI) projects.
• Qualification Summary
• Expert in architecting and implementing
EPM/BI solutions for Fortune 1000 companies.
• OPN Certified Specialist in Planning and
Essbase
• Speaker at Oracle/Hyperion Conferences such
as: Solutions, OAUG, ODTUG, Collaborate and
other industry conferences
• Board Member of the OAUGNYC user group.
Our Focus Our Services
• Innovus is a full service provider of • Configure - Help our customers
Oracle’s Enterprise
implement Cloud EPM, ERP & BI
• Enterprise Performance Management Performance
Management Solutions
(EPM),
• Business Intelligence (BI) and (EPM)
• Enterprise Resource Planning (ERP)
• Adopt – Transfer Knowledge to
solutions Business our customers so they can manage
• Our Consultants are Oracle certified Intelligence their solutions
• We are an Oracle Gold Partner and active (BI)
in local and national Oracle User Groups.
Enterprise
Resource
• Support – Provide Support to
• Our Goal is to establish a strategic Planning our customers to ensure solution
partnership with our clients to champion (ERP) success
their vision of Business Analytics and help
navigate the complexities of delivering • Extend – Enhance our customers
that vision across the enterprise. solutions to improve their total cost
of ownership
Thomas Simkiss, JD, CPA
Director of Cloud Solutions
• Professional Summary
• 22 Years Industry Experience Mobile: (215) 990-9001
- Accounting, Consulting, Operations Email: Tom.Simkiss@Creoal.com
55%
48%
46%
Cash
State & Local GL Forecasting
Management
Generate Final
Reporting
Package
Track the
Close
Controller
AP General AR
Subsystem Ledger Subsystem
Record
Eliminations and USD
Adjustments
Subsidiary 1
Review
USD Parent Preliminary
Reports
Transfer
Balances
USD
Track the Subsidiary 2
Close
Use Case 2 – Multiple General Ledgers / Single Currency
• Target Business Need
• Multiple GL Systems – Single Currency
• Primary Actors
• Single Parent
• Level of Complexity
• Medium
• FCCS Key Features
• Close Calendar
• Data Loads
• Consolidation
• Reports
• Journals
• Supplemental Data
Use Case 3 – Multiple General Ledgers / Multi Currency
Financial Close and Consolidation System
Generate Final
Reporting
Package
Record
Eliminations and USD
Adjustments
Subsidiary 1
Review
USD Parent Preliminary
Reports
Transfer
Balances
GBP
Track the Subsidiary 2
Close
Use Case 3 – Multiple General Ledgers / Multi Currency
• Target Business Need
• Multiple GL Systems – Multi Currency,
Consolidation, Revaluation, Translation
• Primary Actors
• Single Parent
• Level of Complexity
• Medium to Hard
• FCCS Key Features
• Close Calendar
• Data Loads
• Consolidation
• Reports
• Journals
• Supplemental Data
Why FCCS?
What is the FCCS value proposition?
• Reporting Capabilities
• Integration Features
• Journals
• Close Manager Integration
Reporting
Dashboards
Reporting – Income Dashboard
Reporting – Balance Sheet Dashboard
Reporting – Cash Flow Dashboard
Reporting
Production Reporting
Reporting – Income Statement Report (HTML)
Reporting – Income Statement Report (PDF)
Reporting – Income Statement Report (XLSX)
Reporting – Income Statement Report (DOCX)
Reporting
Forms
Data Input – Forms
Data Input – Forms
Demo - Integration
• Source System Trial Balance
• FCCS Data Management
• Source/Target Configuration
• Mapping
• Data Load Work Flow
• Validation Check
• FCCS Trial Balance
Typical Trail Balance
Source/Target Configuration
Integration – Target Application
Integration – Import Format
Integration - Location
Data Integration
Validation Check
Integration – FCCS Trial Balance
Journals
Journals – IC Sales Adjustment
Close Manager
• Intuitive Dashboards
• Identify late tasks with one click
• Focus on fixing problems and ‘Closing
the Books’
FCCS - Dashboards
• Real-time
Performance Updates
• Measure Compliance
• Identify Problem
Childs
Calendar View
Task List View
Gannt Chart View