As Widget’s Vice President responsible for business development, Mr. Loman has been collaborating with his finance counterparts to help the Widget Inc. Chief Financial Officer understand, from the strategic perspective, how achieving his sales targets, at various levels of success, will support the company’s strategic plans.
“Loman,” the CFO said, “I need a plan from you that show’s me how much contribution your group will make to the company’s gross margin depending upon how well your sales troops perform.”
The Chief Financial Officer, Joan Smith, had called together all the department head managers to build, from the ground-up a financial plan that would take everything into account all aspects of the business. And Joan knew that the beans wouldn’t truly begin getting counted until the Sales department sold something.
“No problem Ms. Smith, I’ll be utilizing Oracle’s Hyperion Strategic Finance planning tool, which will allow my financial team to perform various analysis that will tell me my margin given the various product sets that the sales force might sell during the upcoming fiscal year,” Loman replied.
“Outstanding Willy! That is exactly what I wanted to hear! You recommended that Widget acquire Hyperion Strategic Finance, great suggestion, we’ve been getting excellent, accurate results using the tool. And I’m glad that you embraced, along with my team, such an effective business application!” Ms. Smith said.
Willy reflected upon making the right Oracle solution recommendation to his top management team. They were having a tough time creating accurate, appropriate strategic planning reports and Loman knew exactly what Oracle application they needed to get the job done: Oracle’s Hyperion Strategic Finance. Here is why Mr. Loman recommended this particular solution:
Oracle Hyperion Strategic Finance is built from the ground-up with finance professionals in mind and plays a critical role in linking strategy and target setting, to bottom up plans. It helps perform quick what-if impact analysis using alternate consolidation rollups of ‘what-if’ models.
Corporate finance executives use it to perform on-the-fly financial statement impact analysis of alternative corporate strategies while FP&A groups and business unit owners use it for long-range forecasting and real-time what-if scenario modeling for making business decisions. Oracle Hyperion Strategic Finance integrates closely with Oracle Hyperion Planning to provide a complete integrated closed loop planning process.
Benefits
- Create Business Value—Integrate long-term planning, treasury strategies and corporate development analysis
- Save time and money—Reduce model-building efforts using pre-built financial modeling logic
- Improve Strategic Decision-making—Perform more comprehensive financial analysis in less time, reduce simulation time from days to minutes
- Minimize risk and uncertainty—Improve accuracy of financial models with ensured accounting integrity
- Deploy Quickly—Implement quickly with minimal IT support
- And it looks like Mr. Loman was spot-on again! The CFO gave him the kudos that made his day: a job well done!
