caesars entertainment's successful transformation to

Session ID:

Prepared by:

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Quest2019-102900

Caesars Entertainment's successful transformation to financial reporting on Oracle Cloud ERP

A case study

04/10/2019

Pras Ramakrishnan

Senior Solution Architect

Grant Thornton

About Grant Thornton

Office locations

Reach

Our services

59 offices spread across 30 states and Washington D.C.

Serve 36% of companies on the

2017 Fortune 500 list and 25% of

companies on the Russell 2000 list

Assurance • Tax • Advisory

More than 8,500 professionals in the U.S.

594 partners serving more than 8,000 clients in the nation

RevenueGT U.S. net revenue equals $1.74 billion

Oracle practice solution focus

11

About Caesars Entertainment

MARQUEE

GLOBAL

BRANDS

LAS VEGAS

BRANDS

DIGITAL

ENTERTAINMENT

Note: Nobu and Planet Hollywood are owned by other entities and licensed to Caesars.

66


M a n a g e 4 7 c a s i n o p r o p e r t i e s a c r o s s

1 3 s t a t e s a n d 5 c o u n t r i e s

# 1 o r # 2 s h a r e p o s i t i o n i n m o s t m a r k e t s

I n d u s t r y ’ s f i r s t l o y a l t y p r o g r a m , T o t a l R e w a r d s

# 1 t h e a t e r v e n u e i n U . S .

# 3 l i v e e n t e r t a i n m e n t p r o m o t e r w o r l d w i d e

S t r o n g p o r t f o l i o o f w i d e l y r e c o g n i z e d b r a n d s

2016 TOTAL NET

REVENUES

$8.4BTOTAL REWARDS

MEMBERS

>50MEMPLOYEES

>65,000GUEST VISITS

PER YEAR

>100MCASINO IN 5

COUNTRIES

47SQ FT OF LEEDS

CERTIFIED

BUILDINGS

>1.7MCONVENTIONS/

MEETINGS PER

YEAR

>15,700HOTEL ROOMS &

SUITES

WORLDWIDE

>34,000

SLOT MACHINES

WORLDWIDE

>49,000STABLE GAMES

WORLDWIDE

>4,000LIVE

ENTER TAINMENT

SHOWS PER

YEAR

~8,500GREEN KEY

ECO-RATED

PROPERTIES

IN N.A.

30SQ FT OF

CONVENTION AND

RETAIL SPACE

~1.6MSQ FT OF

CASINO SPACE

WORLDWIDE

>2.8MBARS, RESTAURANTS

& CLUBS AT OUR U.S.

PROPERTIES

>600

77


Invigorating hosp itality and

loyalty marketing programs

Investing inCaesars’

infrastructureto enhance

long-term value

Instituting a continuous

improvement-focused operating

model

Inspiring a sales and

service culture

CORNERSTONE INITIATIVES

Drivers for change

Better

• Improvement of workforce productivity with anytime & anywhere access

• Allowance for ongoing current technical and control environment updates

• Standardization and elimination of a significant number of manual processes

Faster

• Real-time data and reporting, and personalized dashboards

• Acceleration of key processes (Example: financial close process)

• Efficiency gains over the next three years expected to achieve 20% - 30%

Cheaper

• Substantially reduced maintenance costs post GL Implementation

• Reduction of audit fees expected after GL Implementation

• Lower cost of ownership by eliminating upfront and ongoing IT expenditures

Smarter

• Attraction of top talent with a modern platform

• Acceleration of new hire operational readiness

• Eliminate the need for future customization with automatic product upgrades

Drivers for change

Simplify the architecture

• 30 year old Infinium accounting

& HR system

• Point to point integration

• Numerous best of breed

software applications

• Retiring skillsets

Caesars reporting

solution

Reporting solution – framework overview

Reporting solution – ERP data storage

• Oracle Financials Cloud ERP maintains application data on two different

platforms depending on the nature of the data

• Transactional data is stored on a relational DB (Oracle DB)

platform

• GL Balances data is stored on a multi-dimensional Essbase ASO

cube

• From a reporting perspective, both data sets are updated in real time

based on the transactions in the ERP application

• Transactional details data is only maintained on the relational DB

platform while the balances data is loaded into the Essbase cube for ad-

hoc analytics and slicing/dicing

Reporting solution - GL reporting strategy

GL: Balance Inquiries SmartViewOra

cle

ER

P

Clo

ud

B

ala

nce

s

Ora

cle

ER

P

Clo

ud

Tra

nsactional

Data

Financial

Reporting StudioGL: Revenue Center, Cost Center, Department

P&L, Property P&L, P&L Variance

GL: Trial Balance Details, Journal Details BI Publisher

GL: Project ID Inquiry, GL Details Transactional BI

(OTBI)

Report Category PresentationO

n-p

rem

ise

Essb

ase GL: Balance Sheet and P&L (ad-hoc) SmartView

GL : Gaming, Comp Revenue, Marketing Cost, Analytics, P&L, Balance Sheet

Financial

Reporting Studio

Self Service

Cloud Access

Self Service Cloud Access

Shared Network Folder

Self Service

On Premise Access

Tableau

Data Source Distribution

Reporting solution – AP reporting strategy

AP: GL Balance Inquiries (ad-hoc)SmartView

Ora

cle

ER

P

Clo

ud

Bala

nces

Ora

cle

ER

P

Clo

ud

Tra

nsaction

al

Data

AP: Compliance Report BI Publisher

AP: ACH, Payments, Processed, Vendor Master Transactional BI(OTBI)

Report Category Presentation

Self Service Cloud Access

Self Service

Cloud Access

Shared Network

Folder

Tableau

Data Source

Reporting solution – integrated architecture

Reporting solution - governed COA model

DRMAriba

Opera

MARS

DOR

FCST

Planning

GARS

HFM

Labor

Infinium

Mapping

Cloud ERP

CommitteeApproval

Key success factors

1. Execute a reporting strategy

• Ask “How should we be reporting on..” rather

than “Show me your current reports”

• Oracle offers many reporting solutions for

Financial data – develop a decision framework

for “what gets reported where”

• This approach reduces siloed approaches to

reporting between Accounting and FP&A

• The Reporting Strategy will lead to proper data

management by defining what data and the

level of data needed in each system

2. Develop Governance over COA

• Consistent use of CoA values and hierarchies ensures that ERP and

EPM reporting acts as a single platform with consistent results

• Provides controls during implementation, reducing risk and accelerating

validation/testing

• Manage once – share across the platform

3. Balance controls with flexbility

• Certify reports while allowing ad-hoc reporting by end users

• Allow hierarchies to drive reporting rather than hardcoding

• Utilize data level security to avoid exponentially growing report library

Controls

Flexibility

4. Establish visible executive support

• Reinforces and is core to a Change Management

strategy

• Emphasizes end users benefits – including from a

career perspective

• Align the initiative with the overall strategy of the

organization

Don't miss these insightful sessions

9:15–10:15 a.m.

Monday

ORC strategies for Taleo

Ken Fontenot, Grant Thornton

CC 3rd FL 303A

*Global transformation cloud deployment of HCM, ERP and

more: GP Strategies case study

Dan Mills, Grant Thornton and Sonia Ardeel, GP Strategies

CC 3rd FL 302B

10:30–11:30 a.m.

Tuesday

10:30–11:30 a.m. Maximizing Oracle Payroll in the cloud—a case study on

developing a PaaS extension for HCM CloudChirag Hingrajia, Grant Thornton

CC 3rd FL 303B

12:45–1:45 p.m. You’ve upgraded to JDE 9.1; now what?

Mohammad Shujaat, Grant Thornton

GH 2nd FL Lonestar Salon E

Textile provider with unique E1 9.2 upgrade project from

both JDE World A7.2 & E1 9.0Craig Davied, Grant Thornton

GH 3rd Fl Travis B

*Implementing Oracle Cloud Revenue Management at Valet

Living—the good, the bad, the ugly

Mike Coburn, Grant Thornton and David Boyer, Valet Living

CC 3rd FL 301B

2–3 p.m.

4:30–5:30 p.m.

Wednesday

8–9 a.m. Connecting the empire—a case study of ERP Cloud integration

automation at Caesars EntertainmentLee Huff, Grant Thornton

CC 3rd FL 302C

*Caesars Entertainment’s successful transformation to financial

reporting on Oracle Cloud ERP

Prasanna Ramakrishnan, Grant Thornton

CC 3rd FL 302C

12:45–1:45 p.m.

Leadership & management in projects—two sides of the same coin

David Fuston, Grant Thornton

CC 3rd FL 302B

12:45–1:45 p.m.

Order management/advanced pricing SIG panel discussion: Journey

to the cloudBobby Smith, Grant Thornton

CC 2nd FL 225D

2–3 p.m.

Thursday

*Tax Reporting: Impact of the US tax reform

Julien Coudrette, Grant Thornton

CC 2nd FL 217C

Enhancing business processes with Procurement Cloud document

approvalsBobby Smith Grant Thornton

CC 2nd FL 225D

8–9 a.m.

9:15–10:15 a.m.

*CPE credit offered

Helping customers plan, deploy and optimize

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• Membership benefits: questoraclecommunity.org/membership

Visit Quest Oracle Community at booth #243

Session ID:

Remember to complete your evaluation for this session within the app!

Quest2019-102900

[email protected]

caesars entertainment's successful transformation to

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