Oracle Openworld 2012 - Empowering Finance with Oracle
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Transcript of Oracle Openworld 2012 - Empowering Finance with Oracle
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Simplifying the Business of Healthcare
Empowering Finance with Oracle | Hyperion Financial Data Quality Management
Greg Faulhaber and John A. Booth Oracle Open World 2012
October 1, 2012
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Agenda
About the presenters
About the companies
The software
The project
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About the presenters
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Greg Faulhaber - Emdeon
• Director of Financial Reporting
• He has more than 15 years of experience in developing, • implementing and managing business intelligence and external reporting solutions
• Successfully managed and implemented Oracle/Hyperion products within the finance department with limited IT support
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John A. Booth - Emtec
• Director of EPM Infrastructure at Emtec
• 20 years of experience with Information Technology
• Oracle Ace specialized in Business Intelligence
• Co-author of Developing Essbase Applications: • Advanced Techniques for Finance and • IT Professionals
• Contributor to Network 54 and Oracle • Technical Network forums
• Owner of Metavero LLC (my blog) • http://www.metavero.com
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Enter Slide Title
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About the companies
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Emdeon www.emdeon.com
Approximately 25 years in healthcare information solutions through our predecessors Central to the U.S. Healthcare System; largest financial and administrative healthcare information exchange Comprehensive suite of revenue and payment cycle solutions Stable & Visible • Established 20 year+ customer relationships • 6.4 billion transactions • 90-95% recurring revenue / strong free cash flow • Minimal exposure to broader U.S. economic trends • Experienced Management Team
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Emdeon www.emdeon.com
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Providers
Patients
Payers
Patients
Providers
Payers
Providers
Payers
Providers
Payers
Step 1 Eligibility and
Benefits Verification
Provider verifies
the benefits available to the Patient and/or ability to pay
Step 3 Claims
Management
Provider bills the Payer for Services (a.k.a the Claim)
Step 4a Payment
Distribution
Payer sends payment and remittance
information to Provider
Step 5 Patient Billing and
Payment
Provider sends a bill to Patient for
remaining balance
Step 4b Payment Distribution
Payer sends Explanation of
Benefits to Patient
Medical Treatment
Step 2
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Montreal Springfield, NJ
Jacksonville, FL Suwannee, GA
Radnor, PA St. Louis, MO
Fremont, CA
Ottawa
Minneapolis, MN
Emtec www.emtecinc.com
• Visit us here – Moscone West #3341 – Hyperion Pavilion
• 14 Locations Worldwide • 850 Associates • $250MM IT Services Provider • Management Team
– Growth Oriented – Successful Track Record – Consistent Profitability
• A growing portfolio of services
Toronto
Herndon, VA
Chicago, IL
North America
India
Bangalore
Pune
Kirkland, WA
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Our Oracle Expertise
• Fusion Middleware • E-Business Suite • OBIEE+ including BI Apps • Hyperion Suite: Financial Management, Planning, Essbase,
Financial Data Quality Management, Financial Close Management & Data Relationship Management
• PeopleSoft Enterprise: Human Capital Management, Financials & ESA
• Enterprise Tools & Supply Chain Management
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The Software
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Where did it start?
• 2000 Upstream Weblink begins – A little fish in a big pond
• 2006 acquired by Hyperion – Hyperion gobbles up Upstream
• 2007 acquired by Oracle – Oracle catches Hyperion
• 2009 ERP Integrator released – The fish is flushed
• 2009 August – The fish is back
• Future
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Why choose Financial Data Quality Management?
• Single data interface reduces complexity of multiple source systems • Accurate data collection reduces restatement risk • Provides tracking tool for mapping • FDM enables built-in GL integration to remove errors and increase accuracy • FDM map engine will replace the need to use mapping tables for SEC and Management View reporting • By having all mappings in FDM time to process data is reduced resulting in quicker reporting and reduced close cycle • Automatic audit trails with every data load. Automatically will tie out GL to Essbase for reporting
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Financial Data Quality Management Architecture
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The Emdeon Environment
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Essbase 11.1.2.1.102
Oracle Data Integrator 11.1.1.5
ERP Integrator 11.1.2.1.501
Classic Financial Data Quality Management 11.1.2.1.501
Oracle E-Business Suite 11.1
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The Project
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The Project
• In April of 2011 Emdeon kicked off a a project to enhance their existing financial systems which included the following:
• Hyperion Upgrade to 11.1.2.1 (Essbase / FDQM)
• Installation of a dedicated development environment
• Optimization of 400 GB Essbase Block Storage Database
• Oracle Identity Manager for user sign-ins
• Source data from Oracle EBS by leveraging Financial Data Quality Management ERP Integration Adaptor for Oracle Applications
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Before
• Actuals Processing Time (2+ hours) • Heavy involvement from IT to support the data load process • Batch overnight schedule • Daily loads would prevent users from using system • Very large block storage Essbase cube (400 GB for 6 years) • Essbase Native Directory for user sign-ins. • Mapping of EBS to Essbase was managed by SQL statements (updates/inserts)
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After
• Actuals Processing Time (20 minutes vs 2 hours) • Daily loads do not interrupt usage of system • Essbase cube (100 GB for 6 years vs 400 GB) • Direct mapping to EBS using Financial Data Quality Management • Finance reporting team owns and manages data load process; no involvement from IT
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Mapping old vs new
SQL Mapping FDQM Mapping
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Thank you for your time!
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Greg Faulhaber Director of Financial Reporting Office: (615)932-3151 Email: [email protected] John A. Booth Director EPM Infrastructure Office: (312)216-6920 Email: [email protected] Twitter: @johnabooth Blog: www.metavero.com Sales: [email protected]