kscope14 configuring hyperion tax
Post on 13-Sep-2014
253 views
DESCRIPTION
Mike Malandra, Ranzal lead consultant, presented Configuring Hyperion Tax Provisioning (HTP) at KScope14. HTP is software created by Oracle, based on Hyperion Financial Management (HFM) to support corporate tax provisioning process.TRANSCRIPT
Tax is the Future!
Configuring Hyperion Tax Provisioning
Michael Malandra
FocusServicesPeopleMethodologyCustomersPartnership
15 Years700+ clients
1000+ projects
About Edgewater Ranzal
We offer a full spectrum of EPM/BI ServicesDashboards & Scorecards, Financial
Analytics & Reporting, Operational Analytics, What-if Analysis, Query & Reporting, Visual
ExplorationFinancial performance, Legal,
Segment & Mgmt Reporting, Financial Close
HFM Optimization, Performance LabSOX Compliance Support
Strategic Finance, Planning, Budgeting, Forecasting, Workforce Planning, Capital Planning, Project Financial Planning
Data Integration, Financial DataManagement, Data Warehousing, Master Data Management &DRM,
ETL Services, Automation
Project/Program Mgmt, EPM Road Maps, Application Reviews, Business Requirements, Process Change, Documentation
Installation, Upgrades, Migration, System
Monitoring, Backup and Recovery, Disaster
Recovery, Load Testing, Hardware Sizing, Exalytics
Benchmarking
Consolidation
BusinessIntelligence
EnterprisePlanning
Infrastructure
Training &Support Services
ProjectManagement
DataServices
Costing & Profitability
Mgmt
Support Services – Infrastructure & Application Support Contracts
Key Teach Course Delivery: Planning, Essbase, Financial Reporting, Smart View, HPCM, HFM,
FDM, DRM, OBIEECustom Training Delivery: Process & Reporting
HPCM Standard & Detailed Models, Waterfall Allocations, Activity Based Costing, Customer, Product & LOB Profitability
� What is Hyperion Tax Provisioning (HTP)?
� Implementing HTP
� What we learned
� Questions
Agenda
� HTP is software created by Oracle to support corporate tax provisioning process ● first release was 11.1.2.2 (2013), now 11.1.2.3.501 - 3rd release
� Architecture is based on HFM
� HTP is licensed separately
� Technically, HTP is an HFM application, preconfigured by Oracle Development team
What is HTP?
HFM is a mature product consistently maintained and improved in the last 14 years, providing many features relevant to tax provisioning process
● Flexible data collection tool● Calculation rules, and automated accounting
entries● Native aggregation, translation and consolidation
capabilities● Web architected solution (central and remote web
access)● Reporting capabilities
Why is HTP based on HFM?
� HTP is not “TurboTax”: ● HTP is not a “turn key” filing solution: HTP does not
automatically generate IRS tax forms.● HTP provides a framework for provisioning process● HTP requires configuration before enterprise tax
users can input their data.
What is HTP NOT?
� HTP application built for Tax● Metadata structures
● Chart of Accounts● Custom dimensions (5)● Currencies, sample of entities, etc.
● Rules dynamically linked to the metadata● Web forms (77) dynamically linked to the metadata● Reports (63) dynamically linked to the metadata● Tax automation module
HTP: what’s in the box?
� HTP rules are vbscript� HTP Metadata can be classic or EPMA� New features on Release 11.1.2.3.501 based on
customer feedback:●Opening Balances from different Scenarios●Data Entry and Tax Calculation at Parent Level●NIBT Translation (Override Translation Rate)
Technical Features
HTP Process (Oracle® Hyperion Tax Provision, User's Guide, Rele ase 11.1.2.3.501)
� Links book and tax data
� Defines relationship between Source and Tax accounts
Tax Automation
HTP provides an organized structure with multiple groups of accounts, for example:● “Book accounts” are configurable
TB accts● National and Regional tax
accounts● Tax Rates● Validation Accounts
HTP chart of accounts
HTP Custom dimensions
Oracle® Hyperion Tax Provision, Administrator's Guide Release 11.1.2.3.501
� Roll Forward (RF): ● Opening balance● Reclassification members● Tax movement activity● FX
Custom Dimension – Roll Forward
� Jurisdictions (JD):● National: country codes: CA, US● Regional: CA_AB, US_PA,
US_CA
Custom Dimensions - Jurisdictions
� Reporting standards (RS)● US_Gaap, UK_Gaap, IFRS
Custom Dimensions – Reporting Standards
� Data Category (DC):● Source data● Pre-tax● Tax (input and calculated)
Custom Dimension – Data Category
� Tax Type (TT)● National, Regional
Custom Dimension – Tax Type
Implementing HTP
Ranzal standard project implementation methodology was applied
Strategy
� Review current tax process
� Compare to HTP
� Identify HTP process “gaps”
Analyze
� The results of the analyze phase will determine the level of customization for:
● Metadata● Rules● Data forms● Reports
Design
� Create entity structure with corresponding attributes� Add accounts and correct User Defined Attributes� Add any necessary custom dimension details � Configure Tax Automation � Create additional rules, if needed.� Add web forms or Reports, if needed� Assign security access
Build
� UAT and Training was given
� Extensive testing for parallel process
� Resolve UAT and parallel issues
� HTP was migrated to Production
Test and Rollout
What we learned
� Upfront design and requirements – longer than anticipated ● The level of complexity and understanding of the tax
process before the project will help determine the time needed
� Understanding relationship dimensionality● Between Entities, Accounts and Customs ● Combination on User Defined fields determine tax
calculations
What we learned
� Focus on Tax Requirements● HFM – Org by Period – not necessary in HTP
� Data Sourcing is very important
� Ability to upgrade/patch● Metadata – keep current metadata and select the
Oracle metadata needed/wanted. ● Rules – Manually cut and paste custom code into the
new Oracle rules file.
What we learned
What we all know…