How CPI Card Group Completed Its Cloud Migration with FCCS

Financial Consolidation and Close Cloud Service (FCCS)

Doga Pamir

Solutions Architect

Oracle HFM Certified Implementation Specialist

Oracle Certified Instructor

Perficient

doga.pamir@perficient.com

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Agenda

• About Perficient

• Oracle EPM Cloud Landscape

• FCCS vs HFM Gap Analysis

• FCCS vs HFM Dimensionality

• About CPI Card Group

• Project Scope and Timeline

• Why CPI Goes to Cloud?

• Challenges & Benefits

• Questions

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Perficient ProfileFounded in 1997

Public, NASDAQ: PRFT

2016 revenue $486.9 million

Major market locations:Allentown, Atlanta, Ann Arbor, Boston, Charlotte, Chattanooga, Chicago, Cincinnati, Columbus, Dallas, Denver, Detroit, Fairfax, Houston, Indianapolis, Lafayette, Milwaukee, Minneapolis, New York City, Northern California, Oxford (UK), Southern California, St. Louis, Toronto

Global delivery centers in China and India

3,000+ colleagues

Dedicated solution practices

~95% repeat business rate

Alliance partnerships with major technology vendors

Multiple vendor/industry technology and growth awards

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Perficient’s EPM PracticeFast Facts• Practice Started: 2002

• Projects Completed: 1000+

• Management Team: 14 years

• Oracle Authorized Education Center

• Hyperion Education

• SupportNet Managed Services

• Support Services

Solutions Expertise• Cloud readiness assessments

• EPM strategy and health check

• Financial close & consolidations

• Cloud & on-premises solutions

• Reporting & analytics

• Data relationship management

• Account reconciliations

• Profitability & cost management

• Infrastructure & high availability

Oracle Specializations

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Poll Question 1

Survey 1: Which of the following Oracle cloud offerings is your organization currently considering? (Select All Apply)

A: Enterprise / Planning and Budgeting Cloud

B: Financial Consolidation and Close Cloud

C: Enterprise Performance Reporting Cloud

D: Account Reconciliation Cloud

E: Not Considering EPM Cloud

F: No Cloud Strategy at this time

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Poll Question 1

Results from Perficient Webinar - Orthofix Improves its Financial Close and Consolidations with Oracle Cloud (ARCS & FCCS) – 03.06.2017

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CFOs Embrace Moving Financial Apps to the Cloud

FERF: Financial Executives Research Foundation

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A Complete EPM Cloud Solution

Account Reconciliations

Consolidations

Budgeting &

Forecasting

Integration

Secure Single Vendor Platform

COMPREHENSIVE - The most complete cloud-based Enterprise Performance Management solution available

EASY TO ADOPT – Modular products with Configurable capabilities, leveraging a Common Platform, Flexible Deployment

FIRST-IN-CLASS FUNCTIONALITY –Embedded Best Practices, Tailored Role-based Interfaces, Pre-Built Content, Extensive Leverage of Oracle R&D

Copyright © 2016 Oracle and/or its affiliates. All rights reserved.

COMPREHENSIVE – The most complete cloud-based enterprise performance management solution available

EASY TO ADOPT – Modular products with configurable capabilities, leveraging a common platform, flexible deployment

FIRST-IN-CLASS FUNCTIONALITY –Embedded best practices, tailored role-based interfaces, pre-built content, extensive leverage of Oracle R&D

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Oracle’s EPM Cloud Leadership

Built on over

15 years of

product

innovation

Clients across

industries

Financial Services, Higher Ed,

Consumer Goods, Retail, Services,

High Tech, Public Sector

1,637Customers to date

93,000End users and

growing!

Available and

supported globally

24 X 7 X 365

⁺ As of 20 June 2016

First service launched:February 2014

(5 services to date)

Copyright © 2016 Oracle and/or its affiliates. All rights reserved.

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Cloud-based ‘Software-as-a-Service’ delivery advantages:

• No capital infrastructure investments

• Minimal IT resource requirements

• Never have to worry about upgrades

• Owned by line of business

• New features are more frequently available

• Backups are owned by Oracle

Oracle Cloud Service

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• Best practices out-of-the-box to get up and running quickly

• A configurable and upgradable consolidation and close framework to tailor the solution to specific requirements

• Easy to use and maintain

• An end to end consolidation and close solution

• Powerful analytics, dashboards, reports, and analysis for unparalleled insight

• No infrastructure investments required

Oracle Financial Consolidation and Close Cloud Service (FCCS)

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• Close Calendar

• Features custom task management

• Workflow for enterprise-level collaboration

• State-of-the-art dashboards

• Intuitive user interface

Financial Close Manager (FCM)

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The following is intended to outline Oracle’s 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, and timing of any features or functionality described for Oracle’s 2 Copyright © 2011, Oracle and/or its affiliates. All rights reserved. timing of any features or functionality described for Oracle’s products remains at the sole discretion of Oracle.

Safe Harbor Statement

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FCCS HFM Comments

Architecture PBCS platform sitting on Essbase Relational DB

System dimensions 11 8 HFM's Value dimension is split into 2 dimensions in FCCS Currency and Consolidation

Custom dimensions 2(when Multi-GAAP is not enabled)

Unlimited 1H2017 FCCS will match HFM

Calc Manager/Rules Only Member Formulas Available 2H2017 FCCS will match HFM

Eliminations Standard eliminations only(First common parent)

Standard & Custom 1H2017 FCCS will match HFM

Translations Standard translations only Standard & Custom 1H2017 FCCS will match HFM

Consolidations Standard consolidations only Standard & Custom 1H2017 FCCS will match HFM

Roll forwards Out of the box Custom Movement dimension in FCCS handles all balance sheet roll forwards

Equity override Out of the box Custom Amount and Rate overrides are out of the box in FCCS

Cash Flow Out of the box Custom Movement dimension in FCCS handles all balance sheet roll forwards which feeds cash flow calculations

KPIs Out of the box Custom FCCS's pre-built dimension members captures key KPIs out of the box

Dashboards Out of the box N/A

Close Manager Integrated in FCCS Separate (FCM)

Process Management N/A Available 1H2017 FCCS will match HFM

FDMEE Scripting N/A (EPM Automate) Available

FCCS vs HFM Gap Analysis

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FCCS vs HFM DimensionalityHFM DIMENSIONS FCCS DIMENSIONS COMMENTSSCENARIO SCENARIO Same as HFMACCOUNT ACCOUNT Same as HFMENTITY ENTITY Same as HFMYEAR YEARS Same as HFMPERIOD PERIOD Same as HFMVIEW VIEW Same as HFMICP INTERCOMPANY Same as HFM

MOVEMENTDATA SOURCE

FCCS_Data Input FCCS System MemberFCCS_Managed Data FCCS System MemberFCCS_Supplemental Data FCCS System MemberFCCS_Other Data FCCS System MemberFCCS_Journal Input FCCS System Member used strictly for journal entries (<Entity Curr Adjs>)

VALUE CURRENCY[None] No Currency

Input CurrenciesUSDGBPCAD

<Entity Currency> Entity Currency<Entity Curr Adjs> FCCS_Journal Input from the Data Source dimension<Entity Curr Total> FCCS_Entity Total from the Consolidation dimension<Parent Currency> Parent Currency

CONSOLIDATION[Contribution] FCCS_Contribution[Elimination] FCCS_Elimination[Proportion] FCCS_Proportion<Entity Curr Total> FCCS_Entity Total<Entity Currency> FCCS_Entity Input

FCCS_Entity Consolidation Sum of all FCCS_Contribution members of children entities (only applies to parent entities)

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Poll Question 2

Survey 2: What is the biggest challenge(s) you’re facing in your current financial close process? (Select All Apply)

A: Time wasted manipulating data in Excel

B: Too detailed / too summarized

C: Reporting and variance explanations

D: Uncontrolled or insecure financial data

E: Resources are stretched thin and can’t support business needs

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Poll Question 2

Results from Perficient Webinar - Orthofix Improves its Financial Close and Consolidations with Oracle Cloud (ARCS & FCCS) – 03.06.2017

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CPI Card Group

• CPI Card Group is a leading provider in payment card production and related services

• Headquartered in Littleton, CO, the company is certified by Visa, MasterCard, American Express, Discover and Interac in Canada.

• 8 locations in North America, 2 locations in the UK

• 1300+ employees

• CPI serves over 4,000 direct and indirect customers, including issuers of debit and credit cards, thousands of independent community banks, credit unions, group service providers and card processors.

• Current Systems: Monarch (ERP), Custom operational ERP system two sites, Oracle HCM, Oracle Sales Cloud, Oracle BICS, Oracle PBCS, Oracle FCCS.

• Live on FCCS by February 2017

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FCCS Migration Timeline

Oct 2016

Began FCCS/FCM project with Perficient

Dec 2016

Data loaded and validated in TEST for all base entities

Feb 2017 Close

Went livewith FCCS, 10 weeks after project start

Pre FCCS:

PBCS

HCM

BICS

Oracle Sales Cloud

Why CPI goes to Cloud?

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• Limited user knowledge with the current application– Rules, Eliminations, etc.

• No Flow/Movement dimension in the current application– No roll forwards – No Cash Flow– YTD vs Net Change– 5 years of historical data

• Dimensionality changes (i.e. Entity)• Manual Excel workbooks• Report migration

Challenges

Benefits• No infrastructure investment• Easy application creation, configuration, user interface• Out of the box:

– calculations (NI to RE, Equity Overrides, etc.)– roll forwards– cash flow– dashboards

• Metadata management using Smart View• Integrated Close Manager and Supplemental Data• Scheduled and automated updates by Oracle

Questions?

Thank You