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How to Go from HFM (On-Prem) to FCCS (Cloud) with a Horizontal Learning Curve CPI Card Group Completed Its Cloud Migration with FCCS

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How to Go from HFM (On-Prem) to FCCS (Cloud) with a Horizontal Learning Curve CPI Card Group Completed Its Cloud Migration with FCCS How to go from HFM (on-prem) to FCCS (cloud) with a horizontal learning curve CPI Card Group Completed Its Cloud Migration with FCCS Prepared by: Doga Pamir, Solutions Architect, Perficient Tory Wilson, Business System Analyst, CPI Card Group Session ID: 10621 Agenda • About CPI Card Group • CPI Cloud Applications • Why CPI Goes to Cloud • CPI Cloud Migration Timeline • Why Perficient • Challenges and Benefits • About Perficient • Oracle EPM Cloud • About FCCS • FCCS Quick Facts • FCCS vs HFM Dimensionality • FCCS Pre-built Calculations • FCCS Metadata via Smartview • Q&A April 2-6, 2017 in Las Vegas, NV USA #C17LV CPI Card Group Largest US Provider of Plastic Credit and Debit Cards . 20+ years in operation . $308M+ in Net Sales FY 2016 . 9 locations in North America, 2 locations in the UK . 1300+ employees . Over 4000 customers direct and indirect . Industry leaders in Financial and Pre Paid Market . IPO October 2015 . Nasdaq: PMTS Diverse Information Systems . Monarch ERP by EFI . Custom operational ERP system two sites . Oracle FCCS . Oracle PBCS . Oracle Sales Cloud . Oracle HCM . Oracle BICS April 2-6, 2017 in Las Vegas, NV USA #C17LV CPI Cloud Applications CLOUD BICS HCM Sales Cloud FCCS PBCS April 2-6, 2017 in Las Vegas, NV USA #C17LV Why CPI Goes to Cloud? April 2-6, 2017 in Las Vegas, NV USA #C17LV CPI Cloud Migration Timeline Timeline 1. Define Req’s October: Define requirements, re- 2. Define 6. Go Live build Entity Dimension hierarchy Dim’s November: Migrate FDM, set up Data Management, set up security, defining Dimensions FCCS December: Load and validate data via Smart View, migrate FRS 5. UAT 3. Migrate reports, test FDMEE trial balance Testing Metadata 4. Load & import Validate Data January: Build new FRS reports, build Close Manager, UAT testing February: Go Live April 2-6, 2017 in Las Vegas, NV USA #C17LV Why Perficient? Understand our business Strong knowledge of HFM and FCCS Strong relationship with Oracle Knowledgeable team Abilities outside of EPM Ability to build strong working relationships Earned trust to work with users outside of technology group Collaborative Delivery Model with Knowledge Transfer April 2-6, 2017 in Las Vegas, NV USA #C17LV Challenges • Limited user knowledge with the current application • Rules, Eliminations, etc. • No Flow/Movement dimension in the current application • No roll forwards • No cash flow • Dimensionality changes (i.e. Entity restructure) • Manual Excel workbooks • Hardware, Virtualization, Disaster Recovery, Backups Benefits • No infrastructure investment • Scheduled and automated updates by Oracle • Easy application creation, configuration, user interface • Out of the box: – calculations (Net Income to RE, Equity Overrides, etc.) – roll forwards – cash flow – dashboards • Metadata management using Smart View • Integrated Close Manager and Supplemental Data April 2-6, 2017 in Las Vegas, NV USA #C17LV Perficient Profile • Founded in 1997 • Public, NASDAQ: PRFT • 2016 revenue: $486.9 million • Major market locations: Allentown, Atlanta, Ann Arbor, Boston, Charlotte, Chattanooga, Chicago, Cincinnati, Columbus, Dallas, Denver, Detroit, Fairfax, Houston, Indianapolis, Lafayette, Milwaukee, Minneapolis, New York City, Northern California, Oxford (UK), Southern California, St. Louis, Toronto • Global delivery centers in China and India • 3,000+ colleagues • Dedicated solution practices • ~95% repeat business rate • Alliance partnerships with major technology vendors • Multiple vendor/industry technology and growth awards April 2-6, 2017 in Las Vegas, NV USA #C17LV Perficient Oracle Practice Platinum Solution Expertise Partner 2000+ Cloud Select EPM | ERP | BI | CX Deployments Industry Expertise 15 150+ Specializations Oracle Healthcare | Supply Chain/Mfg. | Energy/Oil & Gas Experts Financial Services | Consumer Markets April 2-6, 2017 in Las Vegas, NV USA #C17LV Perficient EPM Practice Fast Facts Solutions Expertise Oracle Specializations • Practice Started: 2002 • Cloud readiness assessments • Projects Completed: 1000+ • EPM strategy and health check • Management Team: 15 • Cloud & on-premises solutions years • Financial close & consolidations • Oracle Authorized • Reporting & analytics Education Center • Data relationship management • SupportNet & Managed Services • Account reconciliations • Profitability & cost management • Infrastructure & high availability April 2-6, 2017 in Las Vegas, NV USA #C17LV Change Cloud Strategy Strategic Implementations / Management & Assessments Migrations Manage Services Our cloud advisory Assess current Complete your Communication & services are state of Oracle Cloud Training included designed to help applications and rollout or in project. Post guide you through processes migration with implementation each stage of an help from our Support with SLA enterprise cloud experienced team transformation to using repeatable achieve your and agile desired business processes to produce measurable outcomes. April 2-6, 2017 in Las Vegas, NV USA #C17LV Poll Question 1 Survey 1: Which of the following Oracle cloud offerings is your organization currently considering? (Select All Apply) A: Enterprise / Planning and Budgeting Cloud B: Financial Consolidation and Close Cloud C: Enterprise Performance Reporting Cloud D: Account Reconciliation Cloud E: Not Considering EPM Cloud F: No Cloud Strategy at this time April 2-6, 2017 in Las Vegas, NV USA #C17LV Poll Question 1 Results from Perficient Webinar - 03.06.2017 Orthofix Improves its Financial Close and Consolidations with Oracle Cloud (ARCS & FCCS) April 2-6, 2017 in Las Vegas, NV USA #C17LV Oracle’s EPM Cloud Leadership First service launched: 2,339 123,354 Customers to date End users and February 2014 growing! (7 products to date) Built on over Clients across 15 years of Available and industries product supported Financial Services, Higher Ed, innovation globally Consumer Goods, Retail, Services, 24 X 7 X 365 High Tech, Public Sector Copyright © 2016 Oracle and/or its affiliates. All rights reserved. ⁺ As of 30 Nov2016 April 2-6, 2017 in Las Vegas, NV USA #C17LV Oracle Cloud Service Cloud-based ‘Software-as-a-Service’ delivery advantages: • No capital infrastructure investments • Minimal IT resource requirements • Never have to worry about upgrades • Owned by line of business • New features are more frequently available • Backups are owned by Oracle April 2-6, 2017 in Las Vegas, NV USA #C17LV Oracle Financial Consolidation and Close Cloud Service (FCCS) • Best practices out-of-the-box to get up and running quickly • A configurable and upgradable consolidation and close framework to tailor the solution to specific requirements • Easy to use and maintain • An end to end consolidation and close solution • Powerful analytics, dashboards, reports, and analysis for unparalleled insight • No infrastructure investments required • Financial Close Manager and Supplemental Data April 2-6, 2017 in Las Vegas, NV USA #C17LV Poll Question 2 Survey 2: What is the biggest challenge(s) you’re facing in your current financial close process? (Select All Apply) A: Time wasted manipulating data in Excel B: Too detailed / too summarized C: Reporting and variance explanations D: Uncontrolled or insecure financial data E: Resources are stretched thin and can’t support business needs April 2-6, 2017 in Las Vegas, NV USA #C17LV Poll Question 2 Results from Perficient Webinar - 03.06.2017 Orthofix Improves its Financial Close and Consolidations with Oracle Cloud (ARCS & FCCS) April 2-6, 2017 in Las Vegas, NV USA #C17LV FCCS Quick Facts • Pre-seeded members (FCCS_) • System Dimensions • Currency • Consolidation • Data Source • Movement • Pre-built calculations • Net Income to RE • Roll Forwards • Historical Overrides • Translations • Eliminations (first common parent) • CTA • FCCS_Balance (Plug on Balance Sheet) • Metadata Management • Smart View • Close Manager & Supplemental Data April 2-6, 2017 in Las Vegas, NV USA #C17LV FCCS vs HFM – Dimensionality FCCS Dimensions HFM Dimensions Scenario Scenario Account Account Entity Entity Years Year Period Period View View Intercompany ICP April 2-6, 2017 in Las Vegas, NV USA #C17LV FCCS vs HFM – Dimensionality (cont.) Currency Currency No Currency USD Input Currencies GBP CAD Reporting Currencies ... Entity Currency (stored) Parent Currency (stored) Consolidation Value FCCS_Contribution [Contribution] FCCS_Elimination [Elimination] FCCS_Proportion [Proportion] FCCS_Entity Total <Parent Currency> (pointer) <Entity Curr Total> FCCS_Entity Input <Entity Curr Adjs> FCCS_Entity Consolidation <Entity Currency> (pointer) April 2-6, 2017 in Las Vegas, NV USA #C17LV FCCS vs HFM – Dimensionality (cont.) Data Source (System) Origin/SourceType, etc. (Custom) FCCS_Data Input GL FCCS_Journal Input Journal FCCS_Supplemental Data Data Form FCCS_Intercompany Eliminations Eliminations …. …. Movement (System) Movement/Flow/RF, etc. (Custom) FCCS_ClosingBalance ENBAL FCCS_TotalOpeningBalance OPEBAL FCCS_Mvmts_Total ACT FCCS_CashFlow CTA FCCS_CashChange …. April 2-6, 2017 in Las Vegas, NV USA #C17LV FCCS Pre-built Calculations Net Income to RE Current Roll Forward April 2-6, 2017 in Las Vegas, NV USA #C17LV FCCS Pre-built Calculations (cont.) Historical Override Consolidation Dimension Currency Dimension April 2-6, 2017 in Las Vegas, NV USA #C17LV FCCS vs HFM – Translation FCCS_FX_Opening (Calculated): EOMRate: Balance Sheet Opening Balance * Closing Rate – Opening Balance AvgRate: Income Statement carry forward FCCS_FX_Movement OR… FCCS_Mvmts_Subtotal * Closing Rate – FCCS_Mvmts_Subtotal * Average Rate Custom translations April 2-6, 2017 in Las Vegas, NV USA #C17LV FCCS vs HFM – Elimination April 2-6, 2017 in Las Vegas, NV USA #C17LV FCCS – Metadata via Smart View 3 1 2 April 2-6, 2017 in Las Vegas, NV USA #C17LV Q&A Please Complete Your Session Evaluation Evaluate this session in your COLLABORATE app. Pull up this session and tap "Session Evaluation" to complete the survey. Session ID: 10621 THANK YOU Doga Pamir [email protected] Solutions Architect Perficient Oracle HFM Certified Implementation Specialist Oracle Certified Instructor.
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