1. Oracle HFM 11.1.2.2 Implementation Boot Camp Presented by Saravanan Singaravadivelan Developed by Saravanan Singaravadivelan Senior Consultant Qubix International Ltd

2. XII. Financial Close and Disclosure Management

3. Close Process & Key Activities

4. Close Process Issues Lack of visibility to tasks across financial systems, departments, regions, etc. Manual spreadsheets are used to manage the financial close calendar. ‘Hope’ and email are core to the process. Account reconciliations are managed manually. Task management is fragmented and manual.

5. Streamline the Extended Close Process Close Process Analysis, Trending and Improvement. Process Monitoring. Active Calendar. Single Task List. Automated workflow. Ensure Compliance. Email Notifications. Account Reconciliations.

6. Document Management & Creation Issues Manual management and creation of critical documents (Debt Covenants,10Q/K, Board Package and Presentation, etc.) Gathering and managing commentary is manual Adjustment of financial data is manual MS Word documents sent to 3rd party who reformats and files with EDGAR (error prone) MS Word files are converted to XBRL by 3rd parties or manually (error prone) Ad hoc process and limited control

7. Ensure High Quality Report Submission Collaborative document creation Document Versioning Workflow and approvals MS Office centered Multiple report formats (Edgar, XBRL, etc.) Embedded XBRL Seamless Data Integration

8. Critical components to implement

9. Positioning and Benefits Financial Close Management Integrated Close solution from Sub Ledger to Regulatory Filings FCM delivers process visibility and task management across the extended close Delivers process risk assessment in near real-time Disclosure Management Adds rigor and process transparency to the typically manual process of creating key documents like the 10Q/K Delivers self service XBRL reporting and eliminates the need for 3rd party printers for that service

10. A Q &