Caesars Entertainment's successful transformation to ...

of 23 /23
Session ID: Prepared by: Remember to complete your evaluation for this session within the app! 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

Embed Size (px)

Transcript of Caesars Entertainment's successful transformation to ...

PowerPoint PresentationSession ID:
Prepared by:
Remember to complete your evaluation for this session within the app!
Quest2019-102900
A case study
Serve 36% of companies on the
2017 Fortune 500 list and 25% of
companies on the Russell 2000 list
Assurance • Tax • Advisory
594 partners serving more than 8,000 clients in the nation
Revenue GT U.S. net revenue equals $1.74 billion
Oracle practice solution focus
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
CERTIFIED
BUILDINGS
• Allowance for ongoing current technical and control environment updates
• Standardization and elimination of a significant number of manual processes
Faster
• Acceleration of key processes (Example: financial close process)
• Efficiency gains over the next three years expected to achieve 20% - 30%
Cheaper
• Reduction of audit fees expected after GL Implementation
• Lower cost of ownership by eliminating upfront and ongoing IT expenditures
Smarter
• Acceleration of new hire operational readiness
• Eliminate the need for future customization with automatic product upgrades
Drivers for change
Simplify the architecture
& HR system
• 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
c le
E R
D a ta
(OTBI)
E s s b
a s e GL: Balance Sheet and P&L (ad-hoc) SmartView
GL : Gaming, Comp Revenue, Marketing Cost, Analytics, P&L, Balance Sheet
Financial
AP: GL Balance Inquiries (ad-hoc) SmartView
O ra
c le
E R
a l
AP: ACH, Payments, Processed, Vendor Master Transactional BI (OTBI)
Report Category Presentation
DRM Ariba
• 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
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
• Reinforces and is core to a Change Management
strategy
career perspective
organization
9:15–10:15 a.m.
more: GP Strategies case study
Dan Mills, Grant Thornton and Sonia Ardeel, GP Strategies
CC 3rd FL 302B
Tuesday
10:30–11:30 a.m. Maximizing Oracle Payroll in the cloud—a case study on
developing a PaaS extension for HCM Cloud Chirag 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
Textile provider with unique E1 9.2 upgrade project from
both JDE World A7.2 & E1 9.0 Craig 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
Wednesday
8–9 a.m. Connecting the empire—a case study of ERP Cloud integration
automation at Caesars Entertainment Lee Huff, Grant Thornton
CC 3rd FL 302C
reporting on Oracle Cloud ERP
Prasanna Ramakrishnan, Grant Thornton
CC 3rd FL 302C
Leadership & management in projects—two sides of the same coin
David Fuston, Grant Thornton
CC 3rd FL 302B
CC 2nd FL 225D
Julien Coudrette, Grant Thornton
CC 2nd FL 217C
approvals Bobby Smith Grant Thornton
CC 2nd FL 225D
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 with shared 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
Session ID:
Remember to complete your evaluation for this session within the app!
Quest2019-102900
[email protected]