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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 are now open! Nominate your team, your colleagues or yourself by December 20, 2019!

Award winners will receive a complimentary pass to attend Modern Finance Experience at Modern Business Experience, March 23-26, 2020 in Chicago. Join us as we celebrate the best of Tomorrow's Finance, Today.

Oracle is celebrating the accomplishments of our finance customers with the Oracle Change Agents of Finance Awards.

 

 

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 think in weeks. If you’ve turned a great implementation into major business transformation in a matter of weeks, you’re just what we’re looking for.

For this award, we’re looking for nominees that have achieved significant results with Oracle Enterprise Resource Planning (ERP) Cloud or Oracle Enterprise Performance Management (EPM) Cloud in around 8 to 12 weeks.

Award Criteria

The Fast Finance Award will celebrate organizations with the fastest, highest-impact implementation of Oracle ERP or EPM Cloud. 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
  • Implementation business impact, such as how the new system is enabling the organization to grow, absorb a new acquisition, roll out a new subsidiary or business unit, evolve the business model, and/or generally succeed in today’s fast-paced economic environment

If you think your implementation could put you in pole position, we want to know! Visit our nomination page today, and your heroic efforts could be officially recognized at the Oracle Change Agents of Finance Awards.

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 want to hear from customers using Oracle ERP or EPM Cloud to deliver cost savings.

For this award, we’re not just looking for the largest amount of money saved; we want to see high savings relative to the size of your business and how you measured those savings.

Award Criteria

The Frugal Finance Award will honor an organization that has achieved dramatic cost savings using Oracle ERP or EPM Cloud based on the following criteria:

  • Implementation cost savings, such as savings due to lower initial and ongoing costs to implement, 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 automation of key back-office processes or rollout of new cost-reduction strategies such as zero-based budgeting
  • Use of emerging technologies —such as machine learning, blockchain or the Internet of Things — to automate rote or manual tasks and save costs on manual labor

If you think your savings fit the bill, we want to know! Visit our nomination page today, and your heroic efforts could be officially recognized at the Oracle Change Agents of Finance Awards.

Procure-to-Payday Award

In your world, P2P isn’t peer-to-peer—that’s so 1999. You know that automation is the key to clearer, more-efficient procurement processes, and more-efficient spending across the business. From more-touchless transactions to smarter spending, we want to hear how you’ve turned procurement into a major payday.

Award Criteria

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:

  • Uses self-service procurement to control maverick or off-contract spend
  • Uses spend analytics to make the P2P process more strategic, negotiating better contracts with key suppliers and predicting future spending patterns
  • Automates the payables process with touchless transactions to strengthen control and eliminate errors
  • Improves collaboration across procurement processes
  • Uses innovative new technologies, such as the Internet of Things, blockchain or machine learning, to intelligently automate procurement processes
  • Helps procurement become a more-strategic driver in the business—freeing procurement experts from long, paper-based processes so that they can focus on improving supplier relationships and internal practices

If that sounds like you, we want to know! Visit our nomination page today, and your heroic efforts could be officially recognized at the Oracle Change Agents of Finance Awards.

Modern Close Award

Closing isn’t the flashiest or the most glamorous finance process, but it is one of the most critical to your operations. 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.

With this award, we’re looking for some truly exceptional close processes, typically those taking five days or less. But, the award is also open to those who have reduced their close times by a large percentage.

Award Criteria

The Modern Close Award recognizes outstanding achievement by a controller or finance executive using Oracle EPM or ERP Cloud, based 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 emerging technologies, such as intelligent process automation or machine learning, to automate close processes
  • Strong governance and data management processes in place to ensure data quality
  • Recognizing the value of closing the books as quickly as possible, so that you can provide the right people with the right insights, at the earliest possible opportunity

If it sounds like you fit the bill, we want to know! Visit our nomination page today, and your heroic efforts could be officially recognized at the Oracle Change Agents of Finance Awards.

Crystal Ball Award

If you rely on guesswork palm readers or psychic intuition to make financial planning decisions, this award definitely isn’t for you. 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.

If that’s you, there might be a Crystal Ball Award in your future.

Award Criteria

The Crystal Ball Award recognizes outstanding achievement by an FP&A professional, based on the following criteria:

  • You make the most of all data available to you—from structured enterprise data to unstructured sources—then use that data to guide the business forward profitably using Oracle ERP or EPM Cloud
  • You leverage predictive analytics to continuously refine and test the business model and strengthen finance’s impact on business outcomes
  • You ensure that everyone is making decisions based on the same source of high-quality data
  • You invest in the right design and tools (for example, dashboards, visualization tools, mobile BI, chat or voice interfaces) to deliver right-time insights to decision-makers

If all signs point to your being a perfect nominee, we want to know! Visit our nomination page today, and your heroic efforts could be officially recognized at the Oracle Change Agents of Finance Awards.

Roll with It Award

If you rely on weather forecasts created months in advance, pretty soon you’ll end up waist-deep in snow, wearing your best Bermuda shorts and Hawaiian shirt. Much like those fashion choices, acting on outdated forecasts isn’t a great look on anyone.

If you’re constantly re-forecasting to get ahead of change and using best-practice methodologies like driver-based rolling forecasts to plan at the speed of business, we want you!

Award Criteria

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
  • Speed response time-to-market challenges or opportunities using driver-based rolling forecasts
  • Exploit the “wisdom of crowds” to drive planning across the extended enterprise

If the clouds are parting and a beam of light is shining down on you, we want to know! Visit our nomination page today, and your heroic efforts could be officially recognized at the Oracle Change Agents of Finance Awards.

Better Together Award

Do you hear that? There’s something going on in your back office. It’s a match made in heaven that’s happening right under your nose, but there’s certainly nothing forbidden about this romance.

When Oracle ERP Cloud is deployed on its own, it’s great. But once you 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.

Award Criteria

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 Risk Management Cloud to help protect your organization from unauthorized access, error or fraud

Whichever suite you’ve integrated with Oracle ERP Cloud, we want to know—so long as the results have been meaningful for you and your business. Visit our nomination page today, and your heroic efforts could be officially recognized at the Oracle Change Agents of Finance Awards.

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.

Award Criteria

The Shared Services Superstar Award recognizes a shared services organization using Oracle ERP or EPM Cloud to achieve best-in-class service delivery using digital capabilities. 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, we want you to share your success! Visit our nomination page today, and your heroic efforts could be officially recognized at the Oracle Change Agents of Finance Awards.

Top Talent Award

This isn’t your typical talent awards show. But if you’ve been using Oracle ERP Cloud to bring finance and HR closer together and achieve excellence in finance talent management, we want to make a song and dance about you.

Today, top 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 want to know!

Award Criteria

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 where

  • Oracle ERP Cloud and Oracle Human Capital Management (HCM) Cloud are used together to gain a unified view into the workforce—improving security and governance, workflows, and reporting and analysis
  • Finance and HR partner to develop a robust finance talent pipeline and retain top talent
  • Finance uses Oracle HCM Cloud to onboard new finance professionals and train them

Ready to share your talent with us? Visit our nomination page today, and your heroic efforts could be officially recognized at the Oracle Change Agents of Finance Awards.

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 are following in our footsteps—using Oracle ERP or EPM Cloud to deliver savings similar in scale to those famously achieved by Oracle.

Award Criteria

If you’re using Oracle ERP or EPM Cloud to create your own Billion Dollar story, we want to hear from you! You don’t have to save a billion to win, but nominations must meet the following criteria:

  • You have migrated your on-premises ERP applications to Oracle ERP Cloud
  • You’ve simplified your environment by standardizing—or moving to standardize—on a single instance of Oracle ERP or EPM Cloud
  • You’ve centralized processes when it makes sense, to strengthen control and eliminate duplication
  • You’ve streamlined and automated as many processes as possible, embracing touchless transactions
  • You can demonstrate significant savings through your IT transformation

If you’re on your way to saving a billion, we want to know! Visit our nomination page today, and your heroic efforts could be officially recognized at the Oracle Change Agents of Finance Awards.

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

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