Oracle Financial Analytics Presentations and Photos
June 2nd, 2010 by Chris Raby
Rittman Mead Consulting have recently initiated a series of seminars that combine the companies in-depth technical knowledge with a greater focus on the business perspective. The first of these was held last September and focused on commercial considerations for BI Project Delivery. The second seminar in the series was held in Oracle’s City Office last Wednesday, May 26th and focused on the Oracle Financial Analytics module within the pre-built Business Applications suite.
The audience was made up of both Finance and IT representatives from the worlds of Retail, Finance, Transport, Leisure, Health, Hi-Tec and Local Government.
The underlying theme of the seminar was that recent trends in Operational Finance towards standardisation on single instance ERP systems and the creation of Shared Service Centres have in turn created an opportunity to leverage a pre-built, best practice BI Solution for Operational Finance that will save time and money.
One of the best received presentations of the morning was provided by Terry Gadd who is Head of Finance Systems at LV=. Terry has worked closely with the Senior Management team at LV= who have been responsible for the transformation of the Insurer from the old Liverpool Victoria brand to the new LV=, which has been central to a high profile TV ad campaign. Terry had responsibility for the Finance aspects of the back office transformation. This entailed moving old systems on to a vanilla install of E-Business Suite providing the perfect platform for Oracle Financial Analytics.
Damian Arnold, a Solution Architect at Rittman Mead then provided a full profile of the capabilities of Oracle Financial Analytics along with a live demo. The session prompted some good debate amomg the audience, not least around the roles that should be played by IT and Finance personnel. Mike Vickers, a Rittman Mead Project Manager followed this with an explanation how the solution fits within the wider BI strategy of the enterprise and why it will benefit an organisation to always keep the bigger picture in mind.
Here’s the slides from the event:
- Setting the Scene: An overview of the days agenda and the business and technology challenges & opportunities in the Finance Department
- Life in the real world: How LV transformed the finance department using Oracle Financial Analytics
- Defining an approach: To successfully leverage Financial Analytics a joint approach is required between the Finance Department & IT
- Post Implementation: How the principals of a Business Intelligence Competency Centre apply to Financial Analytics
Please let us know if you are interested in attending future seminars in this series by dropping us an email at info@rittmanmead.com, and we will keep you informed regarding dates and venues.
