oracle project financial management cloud in 9 weeks
TRANSCRIPT
Oracle Project Financials Cloud
in 9 Weeks!
Stuart MasseyGeneral Manager, Oracle ERP
Sarah MartinezBusiness Consultant, Oracle [email protected]
3
• About Perficient• ERP Practice Highlights• Key Benefits and Features• Modern Best Practices• Key Components for a Successful
Implementation• Keeping Implementation Costs Low• Success Story• Questions and Answers
Agenda
4
About Perficient
Perficient is the leading digital transformation consulting firm
serving Global 2000 and enterprise customers throughout North
America.
•Public, NASDAQ: PRFT•2015 revenue $473.6M•3,000 colleagues
•Oracle National Practice •15 Oracle Specializations•~95% repeat business
5
Comprehensive Oracle Cloud
Oracle EPM CapabilitiesFinancial Close
• FCCS/HFM, ARCS/ARM, ERPCS
Budgeting & Forecasting
• EPBCS / Planning
• EPBCS Quick Start
• Public Sector (PSPB)
Reporting & Analytics
• BIFS + Essbase
• Profitabiity & Cost Mgt (HPCM)
Data Relationship Management / DRG
Infrastructure
Training & Education
Oracle EBS Capabilities:• Financials
• Purchasing/ Adv. Procurement
• Project Accounting
• Order Mgmt/ Distribution
• Manufacturing/ Supply Chain
• Service & Support
• Human Capital Mgmt.
• MDM Hubs
• EBTax & Vertex
• PMO/ Program Management
• Custom Development
• SOA/Fusion Middleware
• Integration Cloud Service
• SupportNet
Oracle CX Capabilities• Marketing Cloud
• Sales Cloud
• Service Cloud
• Siebel
• Self Service & Portal
• Mobilty
• Social Relationship Mgt
• Industry Domain Expertise
• Program Management
• Blueprint Refinements
• Metrics Benchmarking
• SupportNet
Oracle BI Capabilities • OBIEE
• Oracle BI Apps.
• Custom Data Warehouse Services
• Master Data Management
• Data Integration & Discovery
• Enterprise Healthcare Analytics
• Exadata
• Exalytics
• Mobile BI
• Big Data
• SupportNet
15 Oracle Specializations Oracle Excellence Award Winner
Strategic Assessments & Roadmaps Implementations & Upgrades Cloud Strategy
Oracle EPM Oracle ERP Oracle BI Oracle CX
6
Perficient’s ERP PracticeFast Facts• Launched: 2001• Projects Completed: 500+• Management Team: 15 years• Industries Served
- Manufacturing, Professional Services, Engineering and Construction, Energy
• SupportNet Managed Services- Support Services
Solutions Expertise• ERP Cloud• Oracle E-Business Suite• Strategic Assessments• Implementations &
Upgrades• Program Management• Customer Development
Oracle Specializations
PFM Cloud Overview
8
Oracle Project Portfolio Management Cloud Suite
© Copyright Oracle Corporation
9
Oracle PFM Cloud - Key Features
© Copyright Oracle Corporation
10
Oracle PFM Cloud BenefitsRevenue • Close the books faster
Expense• Reduce enterprise integration costs• Decrease hours spent on reporting and analysis
Visibility• Single source of project real-time facts• Gain visibility and control over project resources and
costs• Facilitate early corrective action
Cash Flow • Improve Cash Flow with accurate project contract billing and revenue
• Faster visibility into validated project costs
$
11
PFM – ERP Financials Integration
© Copyright Oracle Corporation
12
Why Oracle PFM Cloud?
Contemporary• Highly intuitive interface• Embedded social
collaboration• Secured accessibility: mobile,
tablets, computers
Predictive• Modern best practices• Intelligent pre-built
dashboards, reports, and metrics
Versatile• Easy to adopt: Saas, Paas, and Daas• Scalable: small to large• Use across many disciplines
© Copyright Oracle Corporation
Let’s Take a Look!
14
Budget to Actual Reporting
15
Budget to Actual Reporting
16
Budget to Actual Reporting
17
Budget to Actual Reporting
18
Drill Down to Payables
19
Drill Down to Payables
20
Drill Down to Payables
21
Oracle BI Reporting
22
Oracle BI Reporting
23
Oracle BI Reporting
24
Oracle BI Reporting
25
Modern Best Practices
Project Expenditure to Cost Control
Project Contract to Revenue
Analysis to Project Optimization
26
Project Expenditure to Cost ControlProject Expenditure to Cost Control
Project Contract to Revenue
Analysis to Project Optimization
27
Project Contract to RevenueProject Expenditure to Cost Control
Project Contract to Revenue
Analysis to Project Optimization
28
Analysis to Project OptimizationProject Expenditure to Cost Control
Project Contract to Revenue
Analysis to Project Optimization
9-week Implementation
30
• Project Governance
• Agile Methodology
• Best Practice Design
• Enterprise Structure Mapping
• Justify and Limit Extensions
• Formal User Acceptance
• Knowledge Transfer (Train the Trainer)
Key Components for Success
31
Implementation ScheduleProject Phase Wk 1 Wk 2 Wk 3 Wk 4 Wk 5 Wk 6 Wk 7 Wk 8 Wk 9
Define
Design
Develop
Deploy
Develop and KickoffDevelop Schedule & Management Plans
Develop User Training PlanDevelop Cutover Plan
RequirementsConfigure Environment
Identify Process ScenariosPerform Prototype Testing
Create Procedure DocumentsP2T Copy
Test Production EnvironmentConduct UAT
End User TrainingCutover
Close Out
Success Story
33
• Industry: Oil & Energy
• Founded: 2013
• Experienced significant growth since then
• Growing need to provide executive office with greater insight into financial performance and more flexibility in budgeting
• Required greater integration and real-time reporting
• Projects: over 250 active projects
Company Background
34
• Unintegrated tier 2 accounting system• Manual accounting business processes• Spreadsheet-based procurement and project costing• Slow month end close• Manual financial reporting• Lack of real-time performance visibility• Inability to scale with growth
Challenges
35
Solution Benefits• 13-week ERP implementation
(GL, AP, AR, FA, PO)• 9-week PFM• Data accessible on mobile devices• Accurate and timely reporting• Ability to view historical tracking• Analysts are able to perform self-
service reporting and run ad hoc analysis
• Backup, patching and upgrades now provided by Oracle
Cloud ERP
Project Portfolio Management Cloud
Procurement Cloud
QuestionsType your question into the chat box
37
Next up:[Webinar] Building a Complete View Across the Customer Experience on Oracle BI Cloud ServiceJanuary 31, 2017
Follow Us Online• Perficient.com/SocialMedia• Facebook.com/Perficient• Twitter.com/PRFT_Oracle• Blogs.perficient.com/Oracle
Thank You