Session ID:
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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
About Caesars Entertainment
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
About Caesars Entertainment
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
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9:15–10:15 a.m.
Monday
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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
Oracle technology solutions
• The real story: customer stories about victories and pain points along their Oracle journeys
• Career-changing connections: guidance and support from a community of users withshared interests
• Wealth of resources: entire catalog of webinars, blogs, customer stories, community surveys, whitepapers and more
• Virtual and face-to-face events: connect and learn from peers, Oracle teams and thought leaders on global, regional and local scale
• 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