hyperion close up - hoe zet je hyperion optimaal in?
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Hoe zet je Hyperion optimaal in?
NN Group - Finance & Control
Oracle EPM Architecture at NN
19 November 2014
Willem Ruygrok
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Management Board NN Group
CEO NN Group
Lard Friese
CFO
Delfin Rueda
CRO
Doug Caldwell
CCO
Dorothee van
Vredenburch
CEO Insurance
International
Robin Spencer
CEO NN Investment
Partners
Stan Beckers
Introduction
CEO Netherlands
Insurance
David Knibbe
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CFO / Finance & Control
Finance & Control
Hans van Barneveld
Management
Accounting
Operations
Service Center
Finance
Gerard Boerma
Tax
Financial
Accounting &
Reporting
Finance Business
& Proces Mgt.
Introduction
Chief
Actuary Office
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CFO
Delfin Rueda
CEO NN-Group Name : Willem Ruygrok
Function : Head of Operations
Experience :
- 37 year at ING / NN in IT and Finance
- Since 1996 working with Hyperion products
- HFM and HPL at ING / NN since 2006
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EPM Platform - Software Components & interrelations
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Finance & Control EPM platform / landscape
NN P&C - CFO
F&C - Operations
Insurance Belgium
NN Life - CFO
CIO - PMO
F&C - Corporate Finance
F&C - Service Center Finance
Org
an
isa
tio
ns
Corporate Finance Application Landscape
3. Monthly Closing
process
2. Forecast, Budget & MTP
process
1. Cost Allocation
process
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1. Cost Allocation Processes
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2. Forecast, Budget & MTP process
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Monthly Closing Process (IFRS & Solvency II)
Challenges & Developments
• Upgrade EPM environment. Which EPM version? - Compatibility with Internet Explorer 11
• Cost savings within NN - Transparency of costs (Cost of ownership applications)
- Focus on Budget & Planning / Forecasting
- External Sourcing
• Solvency II reporting. - EIOPA requirements at a very late stage which requires maximum flexibility.
• Master Data Management (Improve Data Quality)
- Huge amount of data needed for SII reporting (next to GL data)
• Faster Close. Acceleration of 4 days.
• Rationalization of Group Finance application landscape - Now a lot of data transport / duplication of data
- BI solutions: CXO, OBIEE or ??
- Functionality of EPM Maestro and WebSymphony (Amosca) still needed?
• More extensive use of Calculation Manager and EPMA
• Cloud Solutions
Tips & Pitfalls
Project phase:
• “Think Big” while designing your EPM applications Examples at NN:
- Quarterly to Monthly reporting
- Not being prepared for high volume restatings
• Hire experienced consultants for first design and implementation and learn from them. - Optimal mix between external and internal project resources.
• Guidance of users during project phase (and continue during Production phase!)
Production phase:
• Adjust organisation and processes to the new situation - Clear responsibilities Finance vs. IT regarding functional / technical maintenance and ownership
• Implement Life Cycle Management. Shared responsibility Finance & IT. - New functional (Finance) requirements vs. technical (IT) requirements / possibilities
- Various versions of software components in different countries / BU’s
• “Proper use of the product” - Avoid improper use of functionality and avoid “customization”
- Rebuild or “Build in addition”? How do we deal with changes in requirements.
• Clear agreements with suppliers of data and services
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Questions
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