Oracle Project Financial Management Cloud in 9 Weeks

Oracle Project Financials Cloud

in 9 Weeks!

Stuart MasseyGeneral Manager, Oracle ERP

[email protected]

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


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


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


Let’s Take a Look!

14

Budget to Actual Reporting

15


16


17


18

Drill Down to Payables

19


20


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



27

Project Contract to RevenueProject Expenditure to Cost Control



28

Analysis to Project OptimizationProject Expenditure to Cost Control



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

Oracle Project Financial Management Cloud in 9 Weeks

Technology

Transcript of Oracle Project Financial Management Cloud in 9 Weeks