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Popularne pytania

Celebrating Finance Innovation

Every organization has a finance team, but not every CFO has a change agent on the team dedicated to transforming finance. It takes a special kind of finance professional to leverage the cloud and other emerging technologies to modernize finance.

Oracle celebrates these unsung heroes of finance with the Oracle Change Agents of Finance Awards. These global awards recognize those with the vision to see the potential of Tomorrow’s Finance, Today. Nominations 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.

View the announcement of our 2020 Oracle Change Agents of Finance Awards winners.

Oracle Billion-Dollar Story Award

Recognizes industry pioneers who use Oracle ERP Cloud and/or Oracle EPM Cloud to deliver monumental savings using techniques such as process standardization and simplification.

Financial Services Department, ATCO Group

ATCO Group took a “big bang” approach by simultaneously implementing a fully integrated Oracle ERP Cloud while updating business processes. They activated all lines of business and Oracle modules including Supply Chain Management, Human Capital Management and Finance at the same time, bringing together the necessary technology to support newly developed common processes. While making the transition from Oracle E-Business Suite to Oracle Cloud, ATCO Group took a critical look at all business operations and made changes to ensure there were no system customizations. This was a massive change from the old environment. ATCO Group’s efforts catalyzed a shift in the business for the organization’s 6,000+ employees, allowing for more efficient cross-function business operations. Their new, fully integrated system significantly reduced the number of manual journal entries and improved reporting by synchronizing and simplifying processes. Ultimately, ATCO Group saved approximately $20M.

Modern Close Award

Recognizes teams who have leveraged the Oracle Cloud for finance solutions to decrease close times by a large percentage.

Sandra Clarke, CFO, Blue Shield of California

Sandra Clarke, CFO for Blue Shield of California, has a proven track record of innovation. The finance organization developed an internal Center of Excellence and shaved four days off the monthly close process.

To begin this effort, Clarke supported the creation of a Finance Transformation team to help business units apply process improvement and project management principles. She also sponsored the creation of an Oracle Center of Excellence to govern a multi-tenant Oracle cloud environment (enterprise resource planning, human capital management, and Oracle Cloud infrastructure) to ensure that individual pillars operate in a unified manner. Executive sponsorship and consistent communication were key to ensure success of these two programs.

Clarke championed the formation of a cross-functional project team comprised of members across general accounting, finance consolidation, actuarial, accounts payable, cash management, finance transformation, and IT teams. This close collaboration led to a reduction of silos and improved information sharing. Clarke identified bottlenecks causing delays in the close process, such as manual workflows and approvals. Her team leveraged standard Oracle functionality to categorize and identify journal entries that could be automated, resulting in faster processing times and reducing manual labor.

These efforts led to:

  • A close period that is now four days faster than before the project began
  • Reduction of financial consolidation cycles by two business days each
  • Approximately $500k of cost savings resulting from automation initiatives alone
  • Improved strategic decision-making stemming from financial reports being produced four days earlier
  • Adoption of a framework for future innovation using machine learning and artificial intelligence

Shared Services Superstar

Recognizes a shared services organization using Oracle Cloud for finance applications to develop digital capabilities to achieve best-in-class service delivery.

Art Karl, Senior Vice President, Financial Systems, BOK Financial

BOK Financial had multiple silo’d locations with a need to replace their antiquated and disparate legacy systems and home-grown applications with a modern finance structure. Considering the age and limited capabilities inherent in and built up over time in these legacy financial systems, it was becoming a critical factor in their future growth and success, as well as a system risk and compliance issue. Oracle Cloud solutions were chosen to provide a solid, integrated platform for modernizing the company’s back-office financial applications and the core of the company's business and finance operations.

As a shared services leader within the company, Art Karl, Senior Vice President for BOK Financial, is responsible for finance system support activities and business process efficiencies at the enterprise level, supporting all regional offices. As the project owner, key influencer, and strategic visionary, Karl worked to move the company from its unsupported legacy applications to modern Oracle Cloud financial applications. Thousands of employees adopted Oracle’s standard processes and best practices to streamline daily, weekly, and monthly activities and reporting, which has resulted in improved accuracy and accountability across the company.

Within one week of go-live, the AP department was processing more invoices per day than were previously able. BOK Financial showed successful leadership in moving the business from a high-touch invoice entry process to 98% no-touch utilizing Oracle Cloud’s invoice imaging capabilities. Employees now can spend more time assisting stakeholders rather than preforming manual activities. For example: AP clerks can reach out to existing vendors and speak to them about converting from ACH or physical check payments, to using the company’s virtual credit card as their new method of payment. This finance transformation will provide a significant new line of revenue for the company.

Top Talent Award

Recognizes an effective combination of Oracle ERP Cloud and Oracle HCM Cloud solutions.

Swathi Potla, Deputy Director of Financial System Services, Department of Finance, City of Atlanta

Swathi Potla, Deputy Director for The City of Atlanta’s Department of Finance, has a talent training and desire to share their knowledge skills and abilities. She wants everyone to succeed. Switching to Oracle Cloud at the City of Atlanta was a huge under taking given that they have over 9,000 employees with different levels of computer skills. But Potla’s patience is as large as her knowledge & skills set forth to build a body of reports to ease the transition to Oracle Cloud. She always has a smile and all questions have value.

Potla is the top talent or go to person for bridging the company’s needs and the Oracle Consultants. She trained a small team on writing reports and built parameters for testing each report before going live. Potla and her team also spend endless hours customizing reports to fit the unique diverse needs of different departments.

The City of Atlanta’s Department of Finance set up in Oracle an “Employee” section that allows employees to see everything associated with their employment. That includes but is not limited to, the employee’s benefits, online paycheck, training opportunities, track their training, access and responsibility in Oracle, performance evaluation, job opportunities and volunteer activities. Essentially a radio button that provides the employee with one step access. In the industry one step access is unheard of.

The HR portion has streamlined the employee’s ability to self-check their own performance, training, and benefits without having to leave their desk. And because it is in the cloud, they can use any device to view how they are doing. Oracle Cloud has also opened access to allow employees to apply for new positions and track the progression of their application. From the employer side, the managers now have at their fingertips on any device, the ability to track their employees progress, to get real time info on the number of filled vs vacant positions, etc. Prior to Oracle Cloud obtaining anything from HR was a long tedious paper driven process for both employee and employer.

Roll with It Award

Recognizes significant increase in agility using the rolling forecast capability in the Oracle EPM Cloud best-in-class service delivery.

Matthew Harbus, Senior Vice President, Freedom Mortgage Corporation

Matthew Harbus, Senior Vice President for Freedom Mortgage Corporation, recognized the state of their industry and the potential opportunity to enhance his company’s financial reporting and forecasting. By exhibiting a proactive and forward-thinking mindset, he was able to create an infrastructure on Oracle Cloud that has allowed this company to grow into one of the largest in their industry. Harbus was the executive sponsor of the Oracle Financials Cloud and Oracle Planning and Budgeting Cloud implementation. He was directly involved in the day-to-day and executed their strategic plan to build dimensionality and automation into financial reporting and forecasting.

Before implementing Oracle Planning and Budgeting Cloud, the corporate finance team relied on manual spreadsheets and models. Oracle has enabled the company to combine multiple data sources into a single platform, which allowed them to automate financial reporting. Freedom Mortgage Corporation now easily manages pricing and the cost to originate and service along with other key performance indicators to drive value. After the Oracle implementation, corporate finance adopted a rolling forecast model, which updates based on current market conditions such as interest rate change. The automation and dimensionality from the Oracle implementation were the biggest drivers of project success. Without Oracle, the finance team would have difficulties reporting and forecasting for each of its departments at the speed required to remain competitive. Harbus’s leadership allowed his organization to achieve a more accurate forecast that updates on a rolling basis, enabling the business to make quicker and more informed decisions.

Crystal Ball Award

Recognizes financial planning and analysis professionals who leverage analytics to test business models and strengthen business impact.

Tina Mashiko, Vice President, Finance, Western Digital Corporation

Tina Mashiko, Vice President of Finance for Western Digital Corporation, is responsible for leading cross-functional teams to integrate finance and business processes following complex multibillion-dollar acquisitions. She continues to modernize and redefine financial planning by maximizing tools and piloting a data analytics center of excellence. Mashiko is the internal change agent responsible for establishing and co-chairing the Transformation Management Office (TMO), whose charter is to approve and govern all enterprise transformation projects including the implementation of Oracle ERP, EPM, SCM, and Analytics Cloud.

Under the seasoned leadership of Mashiko and her finance team, Western Digital was able to conquer two major challenges in a 30-day period. Using the real-time information available in Oracle EPM Cloud, Mashiko and Western Digital were able to pivot quickly and mitigate 98% of potential issues for customers, while simultaneously meeting government requirements.

With Oracle Cloud solutions, Western Digital Corporation is now able to provide employees with the ability to make data-driven decisions using optimized data access, higher data quality, and analytics through self-service applications and an enterprise-wide data warehouse. As a result of standardizing processes in the cloud, Western Digital has significantly reduced its data warehouse refresh time from 8.5 hours to 20 minutes while leveraging real-time operational and analytical reporting.

Fast Finance

Recognizes a fast and effective implementation of Oracle ERP Cloud or Oracle EPM Cloud solutions.

Argo Group—Oscar Guerrero, Group Deputy Chief Financial Officer

Argo Group is an international insurance company operating through multiple subsidiaries that provides insurance services and products to clients around the world. Oscar Guerrero, group deputy chief financial officer, wanted to align finance functions across systems to support global finance and improve systems processes that would support future growth. Through strategic and innovation thinking, Guerrero recognized that Argo needed to embrace a cloud-based financial solution to align technology capabilities with industry best practices and ensure support of future domestic and international business growth. Argo went with a phased implementation approach that focused on developing a common roadmap for people, process, and technology across all financial systems and then incrementally leveraging the cloud to integrate and automate the solution across financial planning, consolidations and close, and ERP financials globally. Argo has been able to achieve improved system processes through standardization and scalability that will sustain future growth. Guerrero was an exceptional leader and change agent for Argo Group in its effort to integrate its financial systems and future-proof its business.

Frugal Finance

Recognizes dramatic cost savings using Oracle ERP Cloud and Oracle EPM Cloud solutions.

Diversey—David Feierstein, Senior Vice President, Global Head of Transformation Office

As Vice President, Global Head of Transformation Office at Diversey, in David Feierstein’s experience leading transformations, he uses Oracle Enterprise Data Management Cloud to go into newly acquired businesses that may have highly disjointed master data and make sense of it and organize it. Oracle Enterprise Data Management Cloud “interacts with all these different applications,” Feierstein explains, helping his team to “implement new systems and new processes extremely quickly by centralizing, consolidating, and organizing the master data that’s critical to make all these applications function.”

Having instituted zero-based budgeting at four businesses in three different market sectors over the past five years with Oracle EPM Cloud, Feierstein has routinely turned to Oracle applications to address three critical factors—speed, functionality, and cost. The results so far have been astounding. Feierstein says that when he implemented his technology coupled with zero-based budgeting at two leading consumer packaged goods companies, he saw a cost takeout of about 20% in 18 to 24 months at one organization and 30% in 12 months at another. With a fintech company, he realized a 15% savings in 14 months. Two of the companies even doubled revenue growth as a result of being able to redeploy those cost savings to build new markets. He anticipates a cost takeout of 15% at the global industrial cleaning company within 12 to 24 months.

Procure-to-Payday

Recognizes successful transformation of the P2P process using Oracle Procurement Cloud.

Servane Morel, Chief Financial Officer for the CIO Office

Servane Morel, CFO for the CIO Office, was an invaluable resource in helping implement Oracle Planning and Budgeting Cloud. In the time since migrating to Oracle Planning and Budgeting Cloud, her company has achieved greater levels of efficacy while reining in the cost of IT spending. The business as a whole has already realized several benefits. The automation provided by Oracle Planning and Budgeting Cloud has provided the finance team freedom from time-consuming manual processes, allowing them to focus on more impactful, value-added tasks.

Crystal Ball

Recognizes financial planning and analysis professionals who leverage analytics to test business models and strengthen business impact.

Michael Baker International—David Dawson, Vice President and Director of Business Intelligence

David Dawson, vice president and director of business intelligence for Michael Baker International (MBI), fearlessly embraced Oracle Planning and Budgeting Cloud Service to create a solution that revolutionized MBI’s planning process, connecting the executive vision for growth with the information needed to guide strategic planning. Dawson recognized an opportunity to redefine financial planning by leveraging Oracle Planning and Budgeting Cloud Service, which analyzes detailed workforce, project, and expense data.

As an engineering firm, MBI’s budget is determined on a project basis. At any given point, the firm has approximately 6,000 active projects across the US, with another 2,000 potential projects in the pipeline. The organization’s aging planning system—a combination of Adaptive Insights and Excel templates—could not provide the level of analysis needed. The redesigned solution uses individual employee and project data to analyze revenue and expenses for current, upcoming, and future projects, as well as MBI’s capacity to deliver the resources needed. By integrating the data from the project management, CRM, timekeeping, and expense systems, Oracle Planning and Budgeting Cloud Service provides insight that directs operational decisions such as regional capacity, forecasting, and flexing nonbillable resources.

Having just completed its first budget with Oracle Planning and Budgeting Cloud, MBI has seen the following business improvements:

  • 17-day reduction in the amount of time spent completing the budget (51 days in 2017 to 34 in 2018)
  • Reduction in the budget preparation time, from six weeks to one week
  • Real-time project portfolio information—updates projects every night with information from source system—has eliminated the need for 700-plus project managers to provide estimates during the budgeting process
  • Visibility into how the original budget was submitted by the operational staff and the adjustments recommended by the executive team (separately and combined)
  • Streamlined creation and maintenance of reports and ad hoc analyses with Reporting Web Studio and Smart View tools

Roll with It

Recognizes significant increase in agility using the rolling forecast capability in the Oracle EPM Cloud best-in-class service delivery.

Royal Bank of Scotland—Stuart Wray, Head of Implementation Future Finance

Stuart Wray is Head of Implementation Future Finance at RBS Group, a 300-year-old institution where Wray is helping develop the finance digital strategy as a finance change agent dedicated to continuing to modernize the finance function. From its headquarters in Edinburgh, RBS serves 18.9 million customers globally. Wray and his team are committed to helping RBS leverage finance innovations and emerging technologies.

Wray’s role is to be the bridge between finance and IT to help implement emerging technologies quickly and safely. Wray is working with Oracle to implement a broad range of digital transformation initiatives, using Oracle Cloud applications to transform the internal customer experience; simplify processes, remove complexity; and drive employee engagement. These initiatives include the use of predictive capabilities to work towards a “zero-touch” rolling forecast; using chatbots to simplify expense and invoice queries; delivering compliant budgets, forecasts, and cost allocations; and establishing a system of data-driven insights and analysis. In addition, RBS is working jointly with Oracle on a blockchain pilot.

One of the areas Wray is passionate about is creating an autonomous, touchless rolling forecasting process using Oracle EPM Cloud. He has taken RBS live on Oracle Planning and Budgeting Cloud Service to model their banking books (mortgage, credit card, private banking, etc.). One of the things he is most excited about are the continuous updates that comes with a cloud model. This means that his finance team gets updates on a monthly basis and they can see the product evolve.

One of the challenges that RBS faced previously was to model scenarios quickly due to the number of spreadsheets that the bank had. Oracle EPM Cloud helped RBS improve the pace, building and delivering in excess of 30 new Oracle Planning and Budgeting Cloud Service planning models in nine months and eliminating in excess of 1,000 spreadsheets.

Better Together

Recognizes fruitful integration of Oracle ERP Cloud with another Oracle Cloud solution.

Western Digital—Donald Robertson, Vice President, Chief Accounting Officer

Western Digital (WD) is one of the most recognizable names in the computer hard disk and data storage space. It has undergone a period of exponential growth through a series of high-profile acquisitions. In a short time, it has integrated SanDisk and Hitachi Global Storage Technologies onto Oracle ERP Cloud, Oracle EPM Cloud, Oracle SCM Cloud, and Oracle Analytics Cloud. Donald Robertson, vice president, chief accounting officer, was a catalyst in making this colossal effort into a reality. Robertson and his team used finance modernization as the first step in the multiyear effort into bringing WD into the cloud. As a result of standardizing processes throughout its Oracle Cloud solutions, WD has been able to achieve some significant benefits. In the procure-to-pay realm, WD has significantly reduced the amount of time required for purchase approvals—from 16 layers of approvals to just 4 approvals. In the area of supplier management, the company has rationalized its supplier count across the three legacy companies, from 30,000 to about 17,000. Overall, they have reduced approval times by 70%, rationalized suppliers by 50%, and improved acquisition agility on a global scale.

Shared Services Superstar

 

Recognizes a shared services organization using Oracle Cloud for finance applications to develop digital capabilities to achieve best-in-class service delivery.

TTI, Inc.—Chris Goodman, Chief Financial Officer

TTI, Inc., a Berkshire Hathaway company, is the world’s leading specialty distributor of electromechanical and discrete components. In recent years, TTI has undergone considerable growth through acquisitions and anticipates more opportunities for further growth.

When CFO Chris Goodman joined the organization in 2017, TTI was using a 40-year-old mainframe system whose age posed significant business and security risks that threatened to undermine the company’s ability to best serve its customers. Goodman had witnessed the transformative power of the cloud in other organizations and believed it could transform things in the financial division. He decided on Oracle ERP Cloud because of its ability to streamline processes by unifying the finance operation functions of TTI’s 30-plus locations across the globe. The standardized and automated systems that are integral components of Oracle ERP Cloud ultimately helped reduce complexity and costs, while bolstering TTI’s financial reporting capability.

Top Talent

Recognizes an effective combination of Oracle ERP Cloud and Oracle HCM Cloud solutions.

MedStar Health—Patricia Grubb, Vice President of Financial Planning and Analysis

MedStar Health is a nonprofit health system based in Maryland that focuses on medical advancement through research, education, and innovation. MedStar has more than 6,000 affiliated physicians, 10 hospitals, urgent care centers, and a world-renowned research institute for medical excellence.

Patricia Grubb, VP of FP&A at MedStar, is a dedicated change agent who created a vision to bring together finance operations and workforce planning. As the executive sponsor, Grubb’s leadership and guidance was key to managing internal leadership and driving project success on time. Grubb was integral to MedStar Health in implementing Oracle Cloud and providing the nonprofit healthcare system with world-class workforce planning, reporting, and analytics through synergy of a complete cloud solution. MedStar is able to get a holistic view of its organization with a simplified, consistent user interface that has improved overall employee engagement and user adoption. By moving to Oracle Cloud, MedStar can properly analyze overall costs, forecast future revenue and expenses, and report financial health to stakeholders.

Oracle Billion-Dollar Story Honorary

Recognizes industry pioneers who use Oracle ERP Cloud and/or Oracle EPM Cloud to deliver monumental savings using techniques such as process standardization and simplification.

GE—Robert Barocas, Senior Director and Head of Cloud ERP Engineering, and the Cloud ERP Team

GE was an early adopter of Oracle ERP Cloud and their Cloud ERP Team provides advisory and implementation services within GE. They established a blueprint and leveraged a roadmap that has been implemented in GE Corporate, GE Digital, GE Additives and other shared services. The Cloud ERP Team helped expand the footprint from financials in a single country to financials, supply chain and manufacturing implementations in over two dozen countries.

Robert Barocas is Senior Director and part of the program management team that was instrumental in driving user adoption, changing user mindsets to adopt industry best practices, and moving away from customizations. Barocas and the Cloud ERP Team successfully implemented strong product governance practices to realize the benefits of an integrated cloud suite. By leveraging industry best practices provided through Oracle ERP Cloud, GE has maintained a comparatively small support footprint and quicker rollout times compared to traditional on-premises ERP applications.

Better Together Award

Recognizes fruitful integration of Oracle ERP Cloud with another Oracle Cloud solution.

Park Hotels & Resorts—Darren Robb, Senior Vice President and Chief Accounting Officer

Park Hotels & Resorts—once the real estate investment division of Hilton—spun off in early 2017. To eliminate any dependence on its former parent, Park wanted to move operations to its own financial system. It chose to implement Oracle ERP Cloud, Oracle Integration Cloud Service (ICS), Oracle Planning and Budgeting Cloud Service (PBCS), and Oracle Financial Consolidation and Close Cloud Service (FCCCS).

The Oracle applications provide a single-platform solution to store data in a format that is easily accessible for reporting and can handle complex roll-ups and consolidations between its various hotels and REITs. Oracle ICS allows Park to pass data between Oracle ERP Cloud, Oracle PBCS, and Oracle FCCCS Cloud and automates the orchestration of their integration files, removing the need for manual journal entries and manual file loading. In conjunction with Oracle ERP Cloud, Oracle PBCS and Oracle FCCCS Cloud will accelerate the period close process, giving Park the ability to accurately project budgets and forecasts—capabilities that provide essential visibility for a new company.

The integrated solution will move Park from manual to highly automated and standardized processes, maximize efficiency, and reduce risk, allowing Park and its employees to focus on growth. The robust reporting capabilities will allow for insightful decision-making, reduced risk, and enhanced internal controls. Efficiencies are projected in the following areas:

  • Multiple monthly payroll runs, Oracle ICS is configured to immediately upload into the general ledger, eliminating the risk of missing files or duplication
  • Automated file uploads with ICS will result in time efficiency gained by reducing the need for manual file movements
  • Together, Oracle PBCS and Oracle FCCCS allow Park to move away from a cumbersome, time-consuming spreadsheet budgeting and forecasting processes that can result in financial errors
  • The system gives them the ability to create planning models
  • Time efficiencies will be gained by shortening the close process

Park Hotels & Resorts’ Chief Accounting Officer Darren Robb is the project sponsor and champion. With Robb’s vision for Park’s financial operations, his ability to clearly and effectively communicate with stakeholders, his grace while managing the scope of this project, and his ability to collaborate with Oracle, Grant Thornton, and the implementation team, this project has been kept on time and on track for successful results. After being part of a multinational brand like Hilton, redefining a company as an independent entity takes leadership, dedication, and vision, all of which Robb embodies.

Crystal Ball Award

Recognizes financial planning and analysis professionals who leverage analytics to test business model and strengthen business impact.

Dropbox—Annie Ogata, Corporate FP&A Lead

Originating as a startup in 2007, Dropbox counted more than 500 million subscribers in 2016, operating multiple offices in the United States and abroad. To accommodate this quick growth, Dropbox hired quickly to staff new development and support functions. In the fast-moving technology industry, any implementation needed to be completed quickly, and functionality immediately usable. Implementing Oracle Enterprise Planning and Budgeting Cloud Workforce was the ideal solution to meet Dropbox’s most pressing needs. Dropbox also selected Oracle Financials Cloud for its new ERP tool, as the out-of-the-box integration between the two systems would help speed implementation. Dropbox successfully implemented Oracle Enterprise Planning and Budgeting Cloud in approximately three months. Huron Consulting Group was the implementation partner. In contrast to prior forecast cycles, where all data was collected and manually aggregated in spreadsheets, taking approximately two weeks, aggregations of data now take less than 10 seconds and can be run on demand from any location. Standardized reports are built dynamically, allowing reporting at any level of hierarchy, across multiple dimensions. This improvement in efficiency amounts to a time savings of nearly one full day. Dropbox leveraged out-of-the-box workforce planning functionality, which allowed quick configuration to meet the go-live goal. The system was built to support multicurrency planning and reporting for 30 FP&A users. Focusing on targeted, tangible, short-term goals kept the end users engaged throughout the implementation.

Not every CFO has a change agent in his or her organization dedicated to transforming finance for the twenty-first century. It takes a special breed of finance professional who is able to capitalize on the cloud to identify the right digital KPIs driving value today; streamline and automate reporting for better, faster decision-making; and partner more effectively with the business to thrive during turbulent times. Annie Ogata, corporate FP&A lead, is that change agent at Dropbox.

Fast Finance Award

Recognizes a fast and effective implementation of Oracle ERP Cloud or Oracle EPM Cloud solutions.

Caesars Entertainment—Michael Mann, Vice President of Transformation

With 47 casinos in five countries and US$8.4 billion in net revenues per year, Caesars Entertainment, the fourth largest gaming and entertainment company in the world, can’t afford to move slowly. When Caesars decided to implement Oracle Enterprise Performance Reporting Cloud Service (EPRCS) as part of a multipillar transformation to the cloud, which included Oracle ERP Cloud and Oracle HCM Cloud, Michael Mann, vice president of Transformation, wanted Oracle EPRCS up and running quickly. Not only was he eager for his properties and account balance sheet owners to be able to quickly access balance sheet information and reports, but Mann also wanted a fast implementation to ensure his teams had engaged and fully adopted Oracle EPRCS before Oracle ERP Cloud went live. Within 10 weeks, Mann and his implementation team, along with Grant Thornton, were able to scope the project, which consisted of six reporting packages, more than 100 doclets summarizing 47 properties, and more than 20 account balance sheet groups; train 100 users; and take Oracle EPRCS live by their goal date.

Understanding the impact a multipillar cloud transformation could have on such a large organization, Mann drove the rapid Oracle EPRCS implementation and championed intense training and user adoption prior to the ERP transition. In an organization as large as Caesars Entertainment, consistency and standardization can be difficult. Demonstrating an unwavering commitment to standardizing the organization’s financial results, the enhanced collaboration and decision-making capability that Oracle EPRCS could provide, and the need for rapid implementation adoption, Mann is a true agent of change and a cloud evangelist within the Caesars organization.

Shared Services Superstar Award

Recognizes a shared services organization using Oracle Cloud for Finance applications to develop digital capabilities to achieve best-in-class service delivery.

Orange—Djamel Benallal, Head of Finance Group Solutions

Orange, formerly France Télécom, is a French multinational telecommunications corporation offering both fixed and mobile services. It has 256 million customers worldwide and employs 95,000 people in France, and 59,000 elsewhere. Orange consolidated its financial systems using Oracle ERP Cloud to free its corporate finance people to do higher-level work in support of a companywide transformation initiative dubbed Essentials 2020. Orange Head of Finance Group Solutions, Djamel Benallal has been responsible for driving the implementation of Oracle ERP Cloud across the company, creating a shared services function to support its global finance operations. Orange has been live on Oracle ERP Cloud for financials and procure to pay processes since June of 2016, supporting more than 5,000 users in France, Belgium, and Poland. Thanks to the shared services environment and standardized processes, Orange will be able to quickly and cost-effectively add new countries to support across Europe and Africa, including Spain, Romania and the Ivory Coast.

This ERP Cloud implementation has become a showcase for Oracle customers looking to understand shared services best practices in the cloud. Large companies across Europe visit Orange’s shared services centers to learn and emulate its best practice approach. Benallal has been the change agent driving Orange’s success. Under his guidance, the French telecom leader has achieved the following benefits from its standardization and consolidation efforts in a shared services environment:

  • Streamlined finance and procurement operations, increased transparency, and reduced costs (IT infrastructure, hosting, in-house applications development, standard process implementation) with expected cost savings of 33 percent
  • Centralized core business operations, reduced customizations from over 500 to zero
  • Enabled greater productivity to help minimize impact of retiring employees (25 percent due to retirement plan)
  • Provided a user-friendly experience for employees, with applications that deliver an embedded social network, self-service environment for digital natives

Frugal Finance Award

Recognizes dramatic cost savings using Oracle ERP and EPM solutions.

WSFS Bank—Dominic C. Canuso, Executive Vice President and Chief Financial Officer

WSFS Bank (Wilmington Savings Fund Society), parent to the oldest and largest bank in Delaware, knows that to achieve rapid growth, you have to be cost-efficient. Having undergone significant growth through acquisition in the past five years, WSFS managed its businesses with a mix of disparate systems and various manual and spreadsheet-driven processes. But CFO Dominic C. Canuso knew that for WSFS to meet its growth goal—to double in size—it needed to resolve the timing, data quality, and integration issues that made accessing critical information for business decisions difficult. WSFS selected Oracle ERP Cloud and expects the US$12M ROI to come from streamlining processes, optimizing resources, and the ability to make better decisions from real-time, accurate data. Not only is WSFS optimizing process-driven cost savings from Oracle Cloud, but Canuso has also been careful to keep implementation costs to a minimum without sacrificing the success of the project. WSFS chose to take a collaborative approach to implementation, reducing external resourcing costs by having a WSFS team working side by side with implementation partner Grant Thornton. While keeping costs down, this approach also maximizes knowledge transfer and ensures end user adoption. For an organization to thrive amid rapid acquisition, it requires a forward-thinking leader who knows how to grow the bottom line. For Canuso, creating full visibility into financials, streamlining work processes, and maximizing efficiency in the cloud is how WSFS will grow its bottom line and continue to expand.

Top Talent Award

Recognizes an effective combination of Oracle ERP and HCM Cloud solutions.

Beall’s, Inc.—Brian Crowley, Chief Financial Officer

Brian Crowley is CFO at Beall’s, Inc., a national retail brand that was seeking to transform its finance, planning, and human capital business processes to drive greater compliance and efficiency, and develop a platform for continued growth. As a high-growth retail organization expanding stores across the country, integrating finance and HR is imperative to Bealls’ business success. Beall’s, Inc. is experiencing double-digit store expansion nationally, with thousands of job requisitions being added to support this growth. The finance organization leverages Oracle EPM Cloud to model its national store expansion and workforce needs, and the HR organization uses Oracle Talent Management Cloud to attract, retain, and grow its workforce as well as find and place store employees. The Beall’s, Inc. team is using Oracle EPM Cloud to forecast workforce expansion plans. They have also introduced an internal talent management framework as part of this project, further defining career paths for their employee base, as they seek to grow and retain their most important asset, their people.

Crowley, Bealls’ CFO, was intimately involved with the Oracle ERP/EPM/HCM Cloud implementation project. In addition to his day job as CFO of Beall’s, Inc., Crowley was also the top business sponsor and executive sponsor for this project. He came into this Oracle Cloud project with a strong appreciation of what is required to make the deployment successful, and managed all facets of his organization in partnership with the DAZ Systems consulting team to successfully transform and modernize its entire business with Oracle Cloud. Crowley worked with the CHRO on the overarching organizational change management and adoption plan for the Oracle Cloud solution. Crowley stands apart with this nomination, as a top-level executive who has a holistic appreciation for both the finance and HR functions at a multibillion dollar organization, who drove this program to achieve the synergistic benefits of the combined solution.

Modern Close Award

Recognizes teams who have leveraged the Oracle Cloud for Finance solutions to decrease close times by a large percentage.

National Rural Utilities Cooperative Finance Corporation (NRUCFC)—Lori Culp, Assistant Controller

National Rural Utilities Cooperative Finance Corporation (NRUCFC) Assistant Controller Lori Culp led the Oracle ERP Cloud deployment, which started with a chart of accounts redesign that modernized its account segment structure to best support the company’s growing and expanding business. NRUCFC’s deployment included the Oracle Cloud Financials suite, including expenses, as well as Oracle Procurement Cloud. As a result of this implementation, NRUCFC accelerated data entry and subledger processing via Oracle Cloud spreadsheet loader, and improved cross-department collaboration with OTBI. Oracle ERP Cloud modern best practices, the streamlined chart of accounts, and financial governance process that Lori Culp put in place helped drive greater business insight across the finance organization and executive stakeholders, and delivered quantified value and cost savings to the business. By leveraging Oracle Cloud native capabilities, the company was able to optimize data inputs at a much more efficient rate (via the Oracle Cloud Financials suite and cloud integration framework), as well as drive significant improvements to the ledger close and consolidation process, with increased efficiencies, joint venture processing, foreign exchange calculations, and allocations/deductions. Such process improvements resulted in increased external reporting accuracy as well as a quantified reduction of almost 50 percent in the time to close the books (seven days prior; four days now with cloud). Culp worked with the DAZ implementation team on adopting Oracle modern best practices to drive process improvement and end user adoption. Since taking multiple Oracle ERP Cloud solutions live, Culp continues to drive Oracle Cloud adoption and business benefit across NRUCFC. She is actively leveraging OTBI to provide the executive team with richer business insights, and realizing increased ROI based on the efficiencies derived from Oracle ERP Cloud.

Roll with It Award

Recognizes significant increase in agility using the rolling forecast capability in the Oracle EPM Cloud best-in-class service delivery.

Hilton—Anand Naimpally, Senior Vice President, Finance

Anand Naimpally, Senior Vice President, Global Operations Finance at Hilton, is the executive sponsor for a project to completely re-engineer forecasting and budgeting for Hilton's more than 700 + properties. Previously, planners at the property level were using a legacy, custom-built application that could not scale globally. Planning methods were not uniform across locations, so analyzing key drivers or other metrics was difficult and time-consuming. Naimpally's team decided to implement Oracle Planning and Budgeting Cloud to addresses these issues. The project enhanced Hilton's operational planning, improving the experience for more than 2,400 users globally. Hilton is now able to more accurately determine the current state of its operations-globally, regionally and at the property level-and create accurate forecasts in a timely manner. SC&H Group was the implementation partner.

Billion Dollar Story Award

Recognizes industry pioneers who use Oracle ERP and/or EPM Cloud to deliver monumental savings using techniques such as process standardization and simplification.

Orange —Christophe Eouzan, Chief Accounting Officer

Orange, formerly France Télécom, is a French multinational telecommunications corporation offering both fixed and mobile services. It has 256 million customers worldwide and employs 95,000 people in France, and 59,000 elsewhere. Orange consolidated its financial systems using Oracle ERP Cloud to free its corporate finance people to do higher-level work in support of a companywide transformation initiative dubbed Essentials 2020. Orange Chief Accounting Officer Christophe Eouzan has been responsible for driving the implementation of Oracle ERP Cloud across the company. Under his guidance, Orange is on track to save a billion dollars in cost savings, thanks to the following benefits:

  • Streamlined finance and procurement operations, increased transparency, and reduced costs (IT infrastructure, hosting, in-house applications development, standard process implementation) with expected cost savings of 33 percent
  • Centralized core business operations, and reduced customizations from more than 500 to zero
  • Enabled greater productivity to help minimize impact of retiring employees
  • Provided a user-friendly experience for employees, with applications that deliver an embedded social network, self-service environment for digital natives

Oracle Procurement Cloud is being used by roughly 5,000 employees at Orange who make purchase requisitions, 500 accounting personnel, and 300 purchasing managers. While that’s only a small portion of the Orange employee base, those people are the financial backbone of the organization. And as transformation of the backbone goes, so goes the company’s overall transformation and modernization.

Fast Finance Award

Recognizes a fast and effective implementation of Oracle ERP Cloud or Oracle EPM Cloud solutions.

Alex Lee—Katie Eure, Finance Director

Alex Lee implemented Oracle ERP Cloud in a rapid phased implementation, starting with the general ledger Eure worked to get the business teams from both the Lowes Foods and MDI lines of business to get on board and adopt the change. It went live in four months and the company has moved on to tackle the accounts receivable and accounts payable functions in their second phase. Eure kept her team focused and on track for successfully going live. She is an undeniable leader, an Oracle ERP advocate, and a visionary with an amazing ability to get people to follow her and build consensus among many different lines of business.

Better Together Award

Recognizes fruitful integration of Oracle ERP Cloud with another Oracle Cloud solution.

Shawnee State University—Elinda Boyles, VP of Finance and Administration

In response to a mandate from the Ohio governor to lower the cost of education, Shawnee State University searched for the best technology to modernize and optimize internal operations. After merging Oracle Student Cloud, including service, social, marketing, and sales, with the full Oracle HCM Cloud platform, and at the same time as Oracle ERP Cloud and Oracle EPM Cloud for budgeting and procurement, Shawnee State predicts its overall planning and budgeting processes will increase in efficiency by roughly 30 percent. Integrating all of the processes also helps the university focus on its highest priorities: improving student recruitment and retention, acquiring top talent, and streamlining HR processes. All while gaining operational efficiency, reducing IT workload, lowering total costs, and increasing student satisfaction. This was a major project for a small public institution with limited resources. The project incorporates organizational change management initiatives due to the magnitude of the process and service changes being impacted. The implementation of Oracle Student Cloud took only three months and the other implementations are expected to be completed in about nine months. Dedicated to preparing students for future success, Shawnee State is always looking forward—utilizing advanced technologies, exploring emerging ideas, and continually growing to meet the needs of current and future students.

Modern Close Award

Recognizes teams who have leveraged the Oracle Cloud for Finance solutions to decrease close times by a large percentage.

Aguas y Saneamientos Argentinos —Jorge Fernández Ripoll, CFO

Aguas y Saneamientos Argentinos (AySA) a state-owned water and sanitation company, needed to expand and improve its finance processes in order to control and integrate cash transactions, bank operations, and investments to generate traceability between departments. AySA set out on a mission to implement Oracle Cloud for Finance applications including cash management, which allowed the company to improve the integration, tracking, and control of cash operations, banks, and investments to ultimately decrease close times by a large percentage and achieve better cost exposure. In addition the bank reconciliation processes were automated for speed and efficiency. The sources of information are now integrated into the same Oracle system without having to open different programs to search for information thus improving the work of the analysts. In addition, they developed a daily cash flow model which allows differentiation between the budget and GL account structures. This solution also enabled the display of income and expenses grouped in a predefined organizational chart used for generating management reports without having to perform a detailed breakdown.

Crystal Ball Award

Recognizes financial planning and analysis professionals who leverage analytics to test business model and strengthen business impact.

Western Alliance Bancorporation —Andrew Boucher, VP Financial Planning and Analysis

Western Alliance Bancorporation (WAL) a commercial bank based in the Southwestern region of the US, has over $14 billion in assets and 1,400 employees. It relies heavily on Oracle Planning and Budgeting Cloud Service (PBCS) to support its acquisition strategy. For example, during WAL’s acquisition of Bridge Bank in 2014, PBCS allowed the company to double the size of their chart of accounts for an acquisition of a bank that was approximately a seventh of its size. It provided employees with the ability to evaluate WAL’s last two acquisitions to see if it made financial sense from both a profitability standpoint and a capital and risk management standpoint. PBCS also allowed WAL to accommodate the controllers’ purchase accounting request to segment the purchased portfolio vs any post acquisition growth in Bridge. Andrew is responsible for forecasting for WAL over the next three years, that involves both capital planning and an annual budget. PBCS is used to get an aggregate consolidated corporate view into the forecast. With PBCS he defines his own dimensions for planning, and also to support the bank’s management reporting, SEC reporting, planning and forecasting needs. He also uses it to look at the nature of the origination expenses and what drives those expenses. The implementation took 4 months with one FP&A analyst and an Oracle partner for development – It went live in February. Since then, Andrew has pushed the envelope on what PBCS can do, exploring new capabilities such as operational KPIs and also up taking Oracle Business Intelligence Cloud Service. Andrew is helping Western Alliance Bancorporation realize its growth goals by using the Oracle Cloud solution to drive a successful M&A strategy.

Top Talent Award

Recognizes an effective combination of Oracle ERP and HCM Cloud solutions.

Caesars Entertainment—Keith Causey, SVP and Chief Accounting Office

Caesars Entertainment, the fourth largest gaming and entertainment company in the world, doesn’t gamble when it comes to business transformation. When it was time to modernize, it selected Oracle ERP Cloud (general ledger, AP, cash management); Oracle HCM Cloud (core, talent acquisition, performance, goals, succession, career, compensation management); and Oracle Enterprise Performance Reporting Cloud Service to replace its end-of-life Infinium application and integrate readily with existing on-premises Hyperion products. The integrated cloud solution is enabling Caesars to build a single cloud that spans across business functions, providing streamlined processes encompassed in invoice to pay, record to report, core HR, talent acquisition, talent management, and compensation management. The single data model allows for faster more efficient approvals for financial transactions and reconciliations that previously spanned multiple systems and required email approval. It also keeps the system up to data as employees move to different parts of the organization. Other benefits include process standardization, greater efficiency, reduced support and maintenance costs, robust reporting capabilities for insightful decision-making, reduced risk, enhanced internal controls, and the ability to appeal to tech-savvy talent pools. In an organization as large as Caesars Entertainment, change can be painful. Moving from dated, on-premises systems to a modern, cloud-based solution is quite an undertaking and requires a dedicated and present project champion. Demonstrating excellence in leadership, Causey is the cloud evangelist and agent for change within Caesars, driving the team toward a modern, process-efficient organization. Given the number of properties impacted, Caesars owns and operates 40-plus locations around the globe and the antiquation of Caesars’ legacy applications, change management was critically important to the success of this project. Causey supported the concept of introducing a champion network across the corporate office and property locations to act as an extension of the core team to deliver messaging, communications, and training at individual locations.

Roll with It Award

Recognizes significant increase in agility using the rolling forecast capability in the Oracle EPM Cloud best-in-class service delivery.

Hilton Worldwide—Kristen Stampe, Vice President, Finance Operations

Frugal Finance Award

Recognizes dramatic cost savings using Oracle ERP and EPM solutions.

Hilton Worldwide—Renee Thomas, Senior Director of Ops, Finance Tech, and Planning.

Procure-to-Payday Award

Recognizes successful transformation of the P2P process using Oracle Procurement Cloud.

GE Digital—John Mageropoulos, VP, ERP Cloud

GE Digital set itself the target of moving its finance processes onto the cloud in four and a half months for the US and Canada entities. It took a phased approach, allowing the buyers the opportunity to become familiar with cloud applications, while reducing the risk of a big-bang global deployment. It implemented the Oracle Cloud solution for procure to pay, covering self-service procurement, purchasing, payables, and inventory. This innovative approach allowed GE Digital to start realizing the benefits of cloud applications early on, taking the lessons learned from the early stages such as stronger focus on data conversion and integrations to make subsequent phases more successful. This reduced disruptions to front-end requesters and downstream buyers. As a result, they were able to reduce staffing for buyers from 4 FTE at the start of the implementation project to 1.5 FTE by the end. It was not an ordinary ERP implementation, but it’s also a business transformation involving the parent company carving out several entities from existing business divisions to form a new business entity. Mageropoulos and the team’s creative approach solidified the moral of this success story: Experience is the most productive of teachers.

Shared Services Superstar Award

Recognizes a shared services organization using Oracle Cloud for Finance applications to develop digital capabilities to achieve best-in-class service delivery.

GE Digital—John Mageropoulos, VP, ERP Cloud

With several acquisitions comes a myriad of complex systems. GE knows this all too well. After the company’s host of acquisitions, it was left with a few dozen different ERP systems around the world. GE wanted to simplify and standardize on just a few systems, eliminate the costs and complexities associated with maintaining so many different customizations, improve decision making, and close their books faster. They also wanted to modernize the finance function and introduce employees to an intuitive consumer grade user interface, which helps in attracting younger talent. Innovation is core to GE and they wanted access to drive innovation via consistent and frequent SaaS release cycles. The company worked with Oracle to do a proof of concept for their Latin America corporate shared service center, and in only 48 days, it delivered a successful model for how it could quickly migrate to cloud. The company was also successful in implementing a full instance of ERP Cloud in GE's Canadian shared services center in just 7 months, reducing total cost of ownership and providing a platform for growth. Overall, the company is looking to move 70% of the software it runs in house today to the cloud over the next 5 years and to modernize and optimize key financial processes. They are now looking to expand by moving GE Digital, their fastest growing business unit (expected to reach $5-15B run rate), to Oracle ERP cloud, and are actively implementing project portfolio management and innovation management at GE Appliance. Here’s an example of a company that accepted the challenge of embracing ERP Cloud with no customizations, and become a cloud success story.