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FDQM – Financial Data Quality Management Fundamentals - Tips & Tricks

Gary Womack, May 8th, 2013

Emtec, Inc. Proprietary & Confidential. All rights reserved 2013.

Agenda

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Welcome and Introductions

Understanding FDQM

Using Extended Analytics to sync Essbase/Other Systems to HFM

Source File Definition – Automation Features –Mapping Essentials

Reporting - Process Controls - Validations - Multi Period Loading – Journals

New Features for 11.1.2.1/2.2

Questions (and Answers)

Understanding FDQM


Financial Data Quality Differentiated

• Financial data quality management is a business issue, and is defined as the practice by

which companies can effectively and consistently combine the following four factors:

–Financial data collection and transformation

–Repeatable financial processes

–Internal controls

–Audit trails with dynamic drill through

• Hyperion Financial Data Quality Management helps finance users increase their

confidence in the numbers and lowers their cost of compliance by eliminating data integrity

risks associated with collecting, mapping, validating, and moving critical financial data from

across the enterprise.

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Customer Challenges

• Errors in financial data & metadata collection

• Financial restatements

• Inconsistent account structure

• Dozens of source systems

• No audit trails back to the ERP/GL/Source data

• Weak controls around data & meta data collection

• Lack visibility and transparent processes

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Copyright © 2009, Oracle and/or its affiliates. All rights reserved.

FDM offers unique ERP Integration for EPM

File Excel XML

Other Systems

Oracle EBS, PeopleSoft, SAP R/3

Data Warehouse Data Mart

FDM Strategic Planning

Financial Close

Planning & Forecasting

Profitability Management

EPM WorkSpace

Financial Reports

SmartView


Oracle’s Hyperion Financial Data Quality Management Benefits

• Confidence in the numbers – Hyperion FDM provides robust audit trails from source

systems to target and back, with robust validation capabilities, providing transparency into

the numbers

• Decrease cost of compliance – Hyperion FDM with its internal control checks over the

process ensure adherence to company policies and procedures, enhancing controls while

lowering costs

• Speed and agility – Improve the EPM cycle by days with a Finance owned and

maintained application that is quick to implement and supports a simple, easy to follow,

repeatable process

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Using Extended Analytics to sync Essbase/Other Systems to HFM


Syncing HFM Elim & Adj Data to Other Databases

Extended Analytics (EA) solution for syncing HFM elimination and adjustment entries

to Planning/Essbase or other systems as may be required.

• Source file creation – set up a reusable EA (HFM Extended Analytics) template to extract

HFM elimination and adjustment data using the flat file option.

• File should be extracted to a directory which is accessible by FDQM. Can use the HFM

taskflow function maintain consistent processing.

• Target file set and creation;

–Create new FDM location, set import format for EA source file, assign appropriate location

attributes.

–Determine adaptor assignment – essbase or datamart. Assign dimension attributes and assign to new

location.

–Build out mapping tables based on assigned adaptor dimensions

• Test process and validate data. Essential that the process is consistent and verifiable

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Source File Definition – Automation Features –Mapping Essentials


Source Files – Mapping - Automation

• Source Files;

–Best practice is to coordinate with IT operations early in the project to establish field configuration and

format

– Access scripting should be available to the user on a monthly basis and server access granted for file

placement

• Mapping;

–Mapping process is required for all target dimensions. Best accomplished by the user responsible for

data loading.

–Avoid mapping full GL COA. Use source file and excel data management to determine unique

dimension fields and map what is in use.

• Automation;

–The ETL process can be automated to a single click process. Scripting is fairly dynamic and requires

consulting support to set up.

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Smart Dimensional Mapping

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Invalid Dimension Map Problems are identified

for easy correction. FDM allows for simple or

complex cross-dimensional and conditional

mapping of data.

Copyright © 2009, Oracle and/or its affiliates. All rights reserved. 12


“One Click Pony” – Automated ETL Process

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Business User initiates data load with single menu click

Triggers main application HFM data load

Main load spawns off child processes to load “single version of data” into additional target applications

Email notification to business user for successful loads

Email notification to application administrator for exceptions during load. Solve problems before impact to end user

Business

Unit HFM Import

Load

Actuals 1

ERP

Receives confirmation

PLANNIN

G

REPORTI

NG

TAX

Import

Import

Import


General Features

• Reports; 35+ canned reports available, version 11.1.2.X has buildable report feature

• Process Control – visibility via reports and dashboards

• Validations – user controlled, maintains data integrity and close corporate control

• MultiPeriod-Loading and batch processing available for historical and bulk data transfers to

other EPM systems

• Journals – journal templates for add on data loading

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Reporting - Process Controls - Validations - Multi Period Loading – Journals

FDM Reports

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The Intersection drill-down report allows

for a view of all current source to target

maps for all dimensions in one view, with

values. The report is available in PDF,

Word, Excel, HTML and RTF formats by

default.


Visibility Through Dashboards

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The Close and Controls

documentation status report provides

further visibility into the process. See

quickly who has loaded data into HFM

& who has reviewed and then

submitted their attestation.


User Driven Data Validation Rules

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End users are given feedback on the

quality, accuracy, and completeness

of the data that they loaded to HFM,

so they are accountable, and can

participate in the data integrity

management process. Additional

adjustment data may be loaded via

flat or Excel files.


New Features for 11.1.2.1/2.2


FDQM - NEW for 11.1.2.1

• Oracle Hyperion FDM/ERPI

–Import Format Enhancements

–Location Enhancements

–Period Mapping

–Category Mapping

–Improved user navigation and task execution

–Grid enhancements for view, filter, and detach

–Localization

• Add Polish in 11.1.2.1

–Support for OAM, OID

–ERPI Source System Support

• Peoplesoft 9.1, 8.9(FMS Only), EBS 12.1.3

–SQL Server Support for ERPI

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FDQM - NEW for 11.1.2.2

• Oracle Hyperion FDM/ERPI

–Expanded Source System Support

• PeopleSoft FMS Commitment Control Ledger

• Oracle Fusion Financials

• JD Edwards EnterpriseOne

–Expanded Target Application Support

• Load Data to Account Recon Management Module

• Load Metadata to DRM

–File based Data Loads

–Support for Lifecycle Management (LCM)

–Improved Diagnostics by leveraging Oracle Diagnostic Logging

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THANK YOU FOR YOUR TIME

Please visit us online at www.emtecinc.com

http://www.emtecinc.com/

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