Oracle Change Agents of Finance Awards

Every organization has a finance team, but not every CFO has a change agent on the team who is dedicated to transforming finance. It takes a special kind of finance professional to drive the transformation initiatives that lead to future success. These professionals are achieving their goals by leveraging the cloud and other emerging technologies.

Oracle celebrates these unsung heroes of finance with the Oracle Change Agents of Finance Awards. These global awards are meant to recognize those with the vision to see the potential of Tomorrow's Finance, Today. The awards are open to any individual or finance team using Oracle Enterprise Resource Planning (ERP) Cloud or Oracle Enterprise Performance Management (EPM) Cloud, deployed alone or in conjunction with other Oracle Cloud applications.

Nominations will be accepted until December 21, 2018. You can nominate your team, your colleagues—or even yourself. Award winners will receive a complimentary pass to attend Modern Business Experience, presented by Oracle, March 19-21, 2019 in Las Vegas.

 

 

Fast Finance Award

For a cloud ninja like you, implementing a new ERP or EPM cloud system is a breeze. Where others deliver results in months; you do it in weeks. If you’ve turned a great implementation into major business transformation that quickly, you’re just what we’re looking for.

The Fast Finance Award recognizes organizations with the fastest, highest-impact implementation of Oracle ERP or EPM Cloud.To qualify, nominees must have achieved significant results with Oracle ERP Cloud or Oracle EPM Cloud within 8 to 12 weeks.Submissions will be judged on the following criteria:

  • Implementation speed and quality including the quality of the project plan and system design, adoption of best-practice business processes, successful execution of implementation timeline, a strong data migration strategy, and high user engagement and adoption.
  • The business impact of the new system. How it is helping your organization enable growth, absorb a new acquisition, roll out a new subsidiary or business unit, evolve the business model, and/or otherwise help your organization succeed in today’s fast-paced economic environment.

If you think your implementation could put you in pole position, let us know. Your heroic efforts could be recognized.

Frugal Finance Award

According to a study by Nucleus Research, cloud applications now deliver a whopping 3.2 times the ROI of on-premises deployments*. Whether you’ve improved budgeting, made processes more efficient, or automated tasks that previously consumed hundreds of man-hours, we’d like to hear about it.

The Frugal Finance Award recognizes dramatic cost savings from Oracle ERP or EPM Cloud implementations. It’s not just about the largest amount of money saved; we want to see significant savings relative to the size of your business and how you measured those savings. Submissions will be judged on the following criteria:

  • Implementation cost savings such as savings from lower initial and ongoing implementation costs, including the ability to deliver greater value over time without the cost and disruption associated with upgrading, expanding, or changing business applications
  • Process-driven cost savings due to the automation of key back-office processes or new cost-reduction strategies such as zero-based budgeting
  • Use of emerging technologies—such as machine learning, blockchain, or the Internet of Things (IoT)—to automate manual tasks

If you think your savings fit the bill, tell us about it.

Procure-to-Payday Award

Automation is the key to clearer, more efficient procurement processes and spending across the business. From touchless transactions to smarter spending, if you’ve turned procurement into a major payday, we want to hear about it.

The Procure-to-Payday Award honors an outstanding procurement executive who has transformed the P2P process using Oracle Procurement Cloud, based on the following criteria:

  • Self-service procurement to control maverick or off-contract spend
  • Spend analytics for a more strategic P2P process, enabling the organization to negotiate better contracts with key suppliers and predict future spending patterns
  • Automated payables process with touchless transactions to strengthen control and eliminate errors
  • Improved collaboration across procurement processes
  • Leveraged innovative new technologies—such as IoT, blockchain, or machine learning—to intelligently automate procurement processes
  • A more strategic procurement process that frees procurement experts from long, paper-based processes so that they can focus on improving supplier relationships and internal practices

If you’ve transformed your P2P, tell us about it.

Modern Close Award

Closing isn’t the most glamorous finance process, but it’s one of the most critical. Do it wrong, and you’ll be neck-deep in paperwork up until the last minute. But do it right, and you can give your top finance talent the time and freedom to make a real difference to the rest of your business.

The Modern Close Award recognizes outstanding achievement by a controller or finance executive using Oracle EPM or ERP Cloud. We’re looking for truly exceptional close achievements: a reduction of five days or less or close times that have been cut by a large percentage. Submissions will be judged on the following criteria:

  • Reduction in number of days to close the books
  • Reduction in the number of chart of accounts to reduce or eliminate account reconciliations
  • "Ruthless standardization" to ensure that the close process is repeatable, predictable, and scalable
  • Use of intelligent process automation, machine learning, or other emerging technology to automate close processes
  • Strong governance and data management processes that ensure data quality

If it sounds like you fit the bill, let us know.

Crystal Ball Award

We’re looking for a financial planning and analysis guru who knows that a successful business is fueled by data-driven insights, not gut instincts.

The Crystal Ball Award recognizes outstanding achievement by an FP&A professional using Oracle ERP or EPM cloud. Submissions will be judged on the following criteria:

  • Having the ability to make the most of all the data available to the organization—from structured enterprise data to unstructured sources— and then use that data to guide the business forward
  • Leveraging predictive analytics to continuously refine and test the business model and strengthen finance’s impact on business outcomes
  • Ensuring that everyone is making decisions based on the same source of high-quality data
  • Investing in the right design and tools (such as dashboards, visualization tools, mobile BI, chat, or voice interfaces) to deliver right-time insights to decision-makers If all the signs point to your being a perfect nominee, click on the link below.

If all the signs point to your being a perfect nominee, click on the link below.

Roll with It Award

We’re looking for financial professionals who can plan at the speed of business. If you’re constantly reforecasting to get ahead of change and using best-practice methodologies such as driver-based rolling forecasts, tell us about it.

The Roll with It Award honors an organization that has significantly increased its agility using the continuous planning functionality in Oracle EPM Cloud to adopt a rolling forecast model. Special consideration will be given to organizations that use Oracle EPM Cloud to:

  • Update forecasts frequently using the most recent and relevant data available
  • Significantly reduce the use of manual spreadsheets in the planning process
  • Automate manual forecasting tasks with emerging technologies such as predictive analytics or intelligent process automation
  • Accelerate time to market using driver-based rolling forecasts
  • Exploit collaborative decision-making to drive planning across the extended enterprise

If this is how you roll now, let us know.

Better Together Award

Oracle ERP Cloud is great by itself. Connect it to another Oracle Cloud solution, that’s when the sparks really start to fly. We want to hear about the togetherness in your back office—between Oracle ERP Cloud and Oracle’s portfolio of ERP, EPM, or Supply Chain Management Cloud solutions.

The Better Together Award honors an organization that has achieved significant benefits across the business by taking advantage of the integration between Oracle ERP Cloud and other Oracle Cloud applications. Examples include:

  • Using Oracle ERP and EPM Cloud to gain a single source of financial truth for reporting and performance management
  • Connecting Oracle ERP Cloud and Oracle Supply Chain Management Cloud to optimize operations
  • Using Oracle ERP Cloud and Oracle Project Portfolio Management Cloud to gain greater visibility into project financial performance and profitability

If you’ve integrated with Oracle ERP Cloud to another Oracle Cloud application and have achieved meaningful results for your business, we’d like to know about it.

Shared Services Superstar Award

If there’s a genius in your shared services organization, it’s time to give them a well-deserved high five. We’re talking intelligent process automation, adding emerging technologies and machine learning into next-generation shared services.

As a shared services trailblazer, you know that automating routine tasks is the key to freeing your people up to focus on the things that really matter—like innovation, service improvement, and other value-adding activities. From greater economies of scale to higher levels of service delivery, this award is as much about the results as it is about the technology.

The Shared Services Superstar Award recognizes a shared services organization using Oracle ERP or EPM Cloud’s digital capablities to achieve best-in-class service delivery. Special consideration will be given to organizations that can demonstrate:

  • Development of centers of expertise to support strategic processes
  • Development of analytics-based capabilities that support improved decision-making
  • Incorporation of next-generation technologies and methodologies—such as intelligent process automation, machine learning, or agile methodologies—to drive large-scale automation, free up capacity, and increase flexibility

If you think your efforts measure up, share your success with us.

Top Talent Award

Today’s CEOs recognize the true strategic value of top finance talent. If Oracle Cloud has helped you walk the tightrope between finance and HR, juggle recruitment demands and cost concerns, and keep all of your talent plates spinning in unison, we’d like to know about it.

The Top Talent Award recognizes an organization using Oracle ERP Cloud in conjunction with Oracle HCM Cloud to attract, develop, and retain the very best finance talent available. Special consideration will be given to any organization that has done the following:

  • Gain a unified view into the workforce by integrating Oracle ERP Cloud and Oracle Human Capital Management (HCM) Cloud and improving security and governance, workflows, and reporting and analysis
  • Developed a robust finance talent pipeline and improved top talent retention by creating a partnership between finance and HR
  • Onboarded and trained new finance professionals using Oracle HCM Cloud

Ready to share your talent with us? Visit our nomination page today.

Oracle Billion-Dollar Story Honorary Award

In 1999, Oracle Founder Larry Ellison made a famously bold claim to financial analysts. He said that by using its own business applications, Oracle could save US$1 billion annually. It seemed steep—almost impossible at the time—but one year later, Ellison made good on his word.

Oracle didn’t just save more than a billion dollars. It also improved its operating margins by 11.7 points the next year—thus beginning the legend of the Oracle Billion-Dollar Story.

Today, we’re looking for exceptional organizations that have their own billion-dollar story—using Oracle ERP or EPM Cloud to deliver savings similar in scale to those famously achieved by Oracle.

You don’t have to save a billion to win, but nominations must have done the following:

  • Migrated on-premises ERP applications to Oracle ERP Cloud
  • Simplified your environment by standardizing—or moving to standardize—on a single instance of Oracle ERP or EPM Cloud
  • Centralized processes to strengthen control and eliminate duplication
  • Streamlined and automated as many processes as possible, embracing touchless transactions
  • Demonstrated significant savings through your IT transformation

If you’re going to save a billion, tell us your story.

Make the Best Business Decisions with Oracle ERP Cloud

Organizations have always struggled to balance the system's high costs and complexity against the need for customized features and flexibility, all the while meeting the demands of the business. Watch and learn how Oracle ERP Cloud delivers connected teams, unified data, and real-time insights to help you and your finance team ensure the best business decisions are made. Meet the challenges of today with tomorrow's ERP.

*Source: Nucleus Research: "Cloud Now Delivers 3.2 Times More ROI," December 2017