Session Number: 9076
Track: Vendor Presentation
Sub-Categorization: Vendor Presentation
Session Type: Vendor Presentation
Primary Presenter: Mike Killeen [Senior Vice President of Technology & Strategy - Alithya]
Time: Jun 25, 2019 (11:45 AM - 12:45 PM)
Room: 611, Level 6
Speaker Bio: Mike Killeen is an Oracle Ace and the senior VP of technology and strategy for Alithya’s Oracle EPM and Analytics division (formerly Edgewater Ranzal). In this role, he is responsible for the identification & execution of strategic initiatives which establish additional service offerings and business solutions that incorporate new technologies, products, and intellectual property. Additionally, he plays an important role in assisting strategic clients with multi product solution architecture, organizational design, and process definition in order to help maximize the returns on their Oracle investments. He presents at numerous conferences and user groups and serves as one of the firm’s primary liaisons to Oracle product management, providing feedback and guidance on product direction, enhancements, and features.
Technologies or Products Used: PCMCS
Session Summary for Attendees: Profitability is a major indicator of business performance. Unfortunately, the typical financial system manages expenses and revenues from different perspectives. As a result, finance teams often rely on large, complex allocation models (sometimes “black box” systems) to provide management with the strategic P&Ls by geographical area, business unit, product, segment, and more—all in an attempt to pivot from “what it is,” to “what it’s for.” Regardless of industry, company size, or function, more strategic insight into underlying cost structures and their impact on profitability is necessary.
Oracle Hyperion Profitability and Cost Management Cloud Service (PCMCS) is a performance management application that introduces a world of possibilities for organizations to enhance financial data generated through their general ledgers and EPM systems into meaningful, accurate, and consumable information. Unlike traditional profitability systems, which require a large investment in both infrastructure and related technical overhead, PCMCS allows business users to easily create and manage their profitability systems with unparalleled speed and efficiency, supporting numerous use cases in both the financial close and management reporting domains, including IT financial management, operational transfer pricing, expense allocations, fully allocated P&L, strategic P&Ls, and operational profitability.
Attend this session to learn how PCMCS is an effective solution with benefits for every industry—one that empowers business users to gain insight into hidden profit and cost across key business dimensions. The presentation provides an overview of business needs using a perspective around corporate and shared service allocations. You’ll also gain insight into the PCMCS solution capabilities and functionality, including a comparison to other EPM tools, and we’ll share specific use cases.