Narrative Reporting Best Practices with Oracle EPM Cloud · 2019. 7. 17. · demo WHO Annual Report...

Copyright © 2019, Oracle and/or its affiliates. All rights reserved.

Narrative ReportingBest Practices with Oracle EPM Cloud

demo WHO Annual Report

Mirabela VasileEPM Solution Consultant

CERN, June 24th 2019

Safe Harbor Statement

The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, timing and pricing of any features or functionality described for Oracle’s products may change and remains at the sole discretion of Oracle Corporation.

Copyright © 2019, Oracle and/or its affiliates. All rights reserved. 2

Looking at the big players…

3Copyright © 2019, Oracle and/or its affiliates. All rights reserved.


‘The ability to effectively explain

corporate value is becoming a

competitive differentiator. The

quality of a company’s narrative

reporting impacts perception of

management quality and potentially

a company’s cost of capital’

PwC Investor Survey, “Innovate your way to clearer

financial reporting, “ October, 2014

Finance Departments need Literacy as well as NumeracyIt’s not just about the numbers – stakeholders want

them put into context

80% X Corporate Value

= INTANGIBLE ASSETS

Deloitte: The value shift: Why CFOs should lead the charge in the digital age

5

Do You Have…

• The ability to securely combine data and

narrative on a single platform?

• Instant visibility to the progress and status

on the reporting lifecycle ?

• The ability to bring subject matter experts

into the process to provide narrative?

• Full auditability, version control and

security across your narrative and

management reporting?


with

Business

Commentary

(“Who, When,

Where, Why”)

Combining Data

(“What”)


Reinvent Your Reporting Process with Oracle EPM Cloud

Everything you need on one platform

Combine Data

and Narrative

Collaborate

Securely

Confidently

Report


Management Reporting

Narrative Reporting

Statutory Reporting

Combine Data and Narrative

DATA + NARRATIVE =

ACTIONABLE INSIGHTS

What? + (Who? When? Why? How?)

SINGLE SOURCE OF TRUTH

Integrated with Microsoft Officevia Oracle Smart View

Users work in a familiar environment

Leverage existing Office documents

Power of MsOffice with a System peace of mind

Reporting Lifecycle support

View report package assignments, tasks, library

8

The Management Reporting Module

9

Easy-to-use interface for designing

and editing reports

Design and preview the results of a

individual grid or chart

Mix sources on a single page


Advanced mobile, self-service and

collaboration capabilities

Instant visibility to the progress and status of

the reporting lifecycle

Efficiently bring knowledge workers in and

out of the process based on their role

Secure at all levels to handle sensitive

content, from network to storage

Content access based on role

Collaborate Securely


The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, timing and pricing of any features or functionality described for Oracle’s products may change and remains at the sole discretion of Oracle Corporation. Report Center

Narrative Reporting Command Central

Report Package Owner has full view of workflow process; responsibilities,

completion, due dates, commentary, etc. This view will be restricted to other

users based on their role

Author


The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, timing and pricing of any features or functionality described for Oracle’s products may change and remains at the sole discretion of Oracle Corporation.

12

Full thread commentary with

action items for users

Review

Multiple Review Cycles

Multiple draft review process

1st Draft > 2nd Draft > 3rd Draft

Vary review assignments – by draft

1st Draft for manager level

2nd Draft for executive level

3rd Draft for C-level

Vary review assignments – by area

Assign users to review entire report, section(s), doclet(s)

Carry forward of comments to new review cycles

13

Secures Content and Gathers Final Approval

Requires all content be completed and locked down

Prevents all users from modifying the contents of the report

Gathers final “workflow” sign off from key constituents

Notifications sent with link to final content

Allows online and downloaded review of report content

Secured sign off approval of report content

Signers can reject

Once all sign offs provided, report is placed in a “Final” status

14

Sign-Off


Easily combine system of record data

into reporting

Combine and securely move easily across

on-premises and cloud data sources

Perform validations and instance generation

for XBRL-based regulatory reporting

Integrate data from Oracle and other

ERP systems

Confidently Report

Confidence in

“Data Visualizations”

What doclets are using them?

Doclets

What reference content is being used?

When were they last updated?

What variables are used?

Variables

Where are they being used?

Auditability

16

Ensuring Integrity

Centrally Manage & Publish data presentations

System automatically updates individual instances within the report package

Secured access

Authors can concentrate on narrative

Embed directly, no need to reformat

Provides separation of duties

Audited, Versioned, Workflow

17

Reference Content

Ensuring Integrity

Static Variables

Strings, labels, etc

Reference Variables

Directional Words, Values, Conditional Text

System automatically pushes changes

Supports dynamic reporting cycles

Auto-Roll Forward to next reporting periods

18

Variables

19

PowerPoint Variables Support

Variables provide centralized maintenance of common text, numbers and dates that appear in doclets throughout a report package.

Authors can insert variables, via the EPRCS Smart View extension, into PPT text boxes inline and Excel reference doclet cells.

Same Functionality as MS Word


Complete Platform for Management, Narrative and Regulatory Reporting

Narrative-based management and external reporting

in one solution

Oracle Disclosure Management Option for

regulatory filings

Centralized EPM Cross-Cloud Reporting Hub

Complete: authoring, collaboration, commentary

and delivery

Robust Report Development Lifecycle Management

Seamlessly leverage existing documents,

data sources and reporting content

Secure: Role-based, auditable access on desktop

and mobile devices

Confidential – Oracle Internal/Restricted/Highly Restricted 24


The CERN case

Objectives

Improved review process, speeding the participation of relevant stakeholders, while maintaining a

good governance, security and control of the narrative reporting process.


The CERN case

WHY Oracle’s EPRCS?

The platform answered to all the success criteria for workflow and roles management, versioningand auditing and integration of data into narratives from existing data sources via different types oftables, charts or just referenced numbers along with text.

During the user acceptance tests the integration capabilties with the Microsoft Office suite provedthat EPRCS is easy to adopt and can rapidly leverage on the existing skills and documents already inuse

Copyright © 2018, Oracle and/or its affiliates. All rights reserved. | 48

EPRCS withOracle Analytics Cloud

Complete Everything You Need for Analysis

1. Oracle Data Visualization Cloud Service

2. Oracle Business Intelligence Cloud Service

3. Oracle Essbase, Enterprise Edition

(sandboxing, scenario management, 50+

connectors)

4. Oracle Day by Day

EPRCS- extended use

Ad-Hoc analysis with Smart ViewManagemenet Reporting with WebFR

Incl. the EPRCS embedded Essbase

EPRCS

Use Existing MS Word Documents

and MS EXCEL Sheets

Narrative Reporting Transformation @CERN

4 Reporting Packages:

- APR- MTP- SCALE- CVI



The CERN case – the achievements

“The review at CERN has multiple cycles, so it is difficult to keep a good track of the changes anddifferent versions of the documents and even more difficult to perform an audit on this track.

In addition, numerous modifications and corrections to the text might come in a very last moment, just afew hours before the publication deadline.

The platform greatly addresses these two issues; it comes with out of the box capabilities to handle allaspects of the review process and speeds up the final editing phase as numerous actors can integratechanges to the text simultaneously. “

Resources Planning and Control Group


Rapid Go Live at Minimal Cost

• SaaS pricing (min 10 users)

• Disclosure management option

• Access the system in 5 days, go live in 6-8 weeks

• Fixed scope implementation packages available

• Dedicated Oracle Customer Success Manager throughout your implementation

https://youtu.be/pq0tBVTIivA


Next Steps

Imagine how you could benefit with Oracle Enterprise Performance Reporting Cloud

• More Education: Read the Enterprise Performance Management Reporting White paper

• Give us an hour to show you the possibilities

https://go.oracle.com/LP=11923/?elqCampaignId=20111

Narrative Reporting Best Practices with Oracle EPM Cloud · 2019. 7. 17. · demo WHO Annual Report...

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