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Steve Hitchman
Director, M-Power Solutions
• We partner with our clients to deliver best practice planning & reporting processes
• We do this by leveraging the power of Oracle / Hyperion technology
• Our team is mainly Finance professionals supported by IT specialists
• We have been implementing the Hyperion technology for 7 years
• We are based in Perth along with most of our clients
Agenda
Client says:
Aspiration
Data Systems & technology
• Common chart of accounts
The finance function is a trusted, proactive, and responsive partner to the • Standardize transaction systems
• Automate performance reporting.
business to facilitate and support the achievement of strategic goals. This is
achieved through timely and accurate business performance management and Process & Control
analytic insight, managing risk through an efficient control framework, and
• Documented Policies and Procedures,
supporting growth initiatives. • Business processes that are efficient
and effective,
• Reduce the month end close and
report process.
Enabling the Business (Finance activities)
People and structure
• Finance people who understand
• Manage financial resources • Process finance and accounting
business,
• Manage the tax Function transactions • Clearly articulate ‘who does what,
• Perform investment operations • Perform internal and external reporting where’,
• Manage external relationships • Centralise core processes where
possible.
Transformation Guide
Business Partnering
From To • Communicate Vision and initiatives to
the broader business,
‘manual’ ‘automated’
• Analysis based on business KPI’s,
‘transactional’ ‘analytical’ • Activity pursue growth & improvement
‘complex’ ‘simple’ initiatives.
‘multiple’ ‘single’
Example Focus of
improvements
Partner
• Minimal
Involvement Role Transformation
• Problem Finding Decision
• Post-hoc Critique Support
• Sophisticated Analysis
• Confrontational Decision • Strategic/Market Issues
• Technical Compliance with External Support
Control • Problem Solving
Rules Process
• Data Collection Redesign • Embedded
• Organizational hierarchy driven Reporting • Accountability
Control
• Technology constrained • Cost/Benefit Sensitive
• Relevant to Business
• Manually Intensive Reporting • Information Rich
• Cumbersome Transaction • Integrated
• Redundant Integrated
Processing Systems Transaction • Automated
Processing • Streamlined
• Reduction in the month end cycle. Currently books are closed day 4,
reports are finalized day 10
Check List
• A piece of software cannot on its own make your business process better
• Define your process vision at the start
• Think about and plan for change management
• Excel will never be eliminated, aim to go from this to this
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Headcount & Salary Planning by Individual
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Overheads – Input Centrally, recharged to Cost Centres by
Headcount based at each office
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Plan for Revenue
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Royalty Costs
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Agenda
We all say
Fatchuddin
Planning and Reporting Manager
Newmont Asia Pacific
“For us Hyperion Planning is so much more than just a
budgeting tool. Its truly an enterprise performance
management tool.
Keith Mayes
Group Manager Planning and Analysis
Oz Minerals (formerly Oxiana)
Agenda