Our Services

Our Services

Why it is a good idea to have us at your side?

FirstRight Way

  • As we walk with you in your EPM journey, we share our expertise and ideas to get critical components right the first time itself to make the journey joyful and reach destination on time.
  • We help you stay focused, kick start and keep moving at the right pace from day one. We provide you value compass and yardsticks to run, measure and our team brings in infectious energy complete EPM journeys successfully.

Right Questions

  • Because we’ve been where you are, we feel pain points, severity of your pains, effectiveness of your plans, actions in your overall scheme of EPM journey.
  • With our deep cross functional and sectoral expertise, technology levers and limitations, we help you get a clear view of the road ahead by asking right questions and challenging you to think beyond the obvious or the expected.

Right Answers

  • Not succumbing to the trap of “the best practices”, we help to get the right fit solutions specific to your company and industry.
  • We help you make right choices amidst plethora of choices faced across full life cycle – from concept through design, architecture, implementation, support and transition to operations.
  • We make sure the solutions are aligned and balanced with your operational & strategic intents and demands

Your EPM Journey & Our Expertise

EPM Journey does not start and end with EPM. It goes beyond above applications and it demands for through understanding of existing operational systems, high level policy on meta data decisions across applications (including those of merged entities), reporting needs as per local GAAP/IFRS, operating models, business drivers, seasonality, taxation and integration between on-premise, cloud and hybrid systems. This is precisely the challenges our consultants are well equipped to handle with their expertise/experience and deliver successfully EPM program/projects and planned business benefits.
We have extensive experience leveraging Oracle EPM suite of applications to deliver solutions in the following functional areas.

implementation

Typical questions clients ask us –

  • Is there something we need to have in place before we can start implementation?
  • Is there a way we can conserve the hours we spend with FirstRight team during implementation?
  • Time to Go Live – > Smooth Operations?

 

Implementation Services in a snap shot

Functional Requirements

  • Familiarization Demos
  • Requirements workshops
  • Timing on
  • when to stop further requirements

Solution Build

  • Detailed Design
  • Configuration
  • Integrations

Solution Acceptance

  • Sprints
  • Testing
  • Fine Tuning

Go Live & Operations

  • Dress Rehearsal
  • Cut Over
  • Hypercare
  • Enhancements

advisory

Typical questions clients ask us –

  • How to define the goals of EPM initiatives and what measures to use to track progress?
  • What kind of license is suitable for now and later years?
  • Is it free from risk when we go for a big bang implementation approach?
  • Do we get timely benefits and alignment when we go with waterfall, parallel or spiral methodologies?
  • How do we spring board and validate our internal ideas ?

Advisory Services in a snap shot

Business Case

  • Business Case, payback period and ROI
  • Non-financial objectives
  • License cost optimization
  • Systems maturity and stakeholders’ readiness check

Blueprinting

  • Finance Process specific blue printing
  • “As-Is” and “To-Be”
  • Gap Analysis
  • Benchmarking
  • Program or project scoping
  • Phase gateways and value tracking

Health Check

  • Identify opportunities to unclutter and simplify operating models, current systems, tools, processes and data quality and compelling business case for upgrade or new ones.
  • Organic and M&A growth lead to multiple, disparate operational ERP and EPM systems. Assess need for creating single source of unified master data management.

upgrade

  • ” What on-premise applications can we migrate to EPM Standard EPM Enterprise Cloud Service? “
  • “What is the correct solution for my environment?”
  • “How do I move data, metadata, and configuration with minimum risk?”

Upgrade Services in a snap shot

Upgrading On prem applications to cloud services require deep understanding of both on premise and cloud services architecture, framework and technical components.

Getting upgrade tasks in right sequence is important to move incrementally and faster in upgrade path.

Then comes assurance on data quality, business logic and comprehensive migration of technical artifacts and tools-based operations.

Many a times question from clients “Are upgrades as complex and time consuming as fresh implementations?” sums up complexity and expertise needed  in planning and execution of upgrade projects.

support & user engagement

  • What is the way out to manage applications smoothly as hiring FTE on EPM is expensive/unmanageable?
  • How to free up multiple process owners’ time in monitoring an controlling multiple finance processes – consolidation, planning, budgeting, reconciliations, GAAP/IFRS/Tax reporting, profitability and cost control?
  • How to upgrade skill levels of users on one or more EPM applications?

Application Maintenance

  • On going support till client teams get up to the speed
  • Quick resolution of configuration issues and customization issues.
  • Resolving data integrations and building new integrations.
  • Managing meta data
  • Process assurances as per SLAs– data interfaces, users actions, scheduled activities, data security audits, period opening, closing and locking

Enhancements

  • Developing new features
  • Application re-architecting
  • Fine tuning complex business logics requiring extensive coding
  • Large scale User interface and Reports developments

User Engagement

  • We offer business and technology focused documentation for functional /technical teams including FAQ
  • We assist the users to develop ways and means of keeping an eye on data quality and make it actionable.
  • Go Live and Hypercare coaching
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Enterprise Data Management Cloud Service

Oracle EDMCS provides enterprise data governance, tools to connect multiple data sources, streamline changes to master data elements, visualize data /impact of changes, collaborate, propagate changes to other business applications and provide audit across these processes.

We have provided master data management solutions leveraging EDMCS and its earlier version of DRM (On premise) frameworks helping clients to centralize master data management in typical environments characterized by large number of business applications, data bases , frequent mergers and acquisitions and dynamic technology and applications landscape.

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Enterprise Planning Budgeting Cloud Services

Oracle offers integrated planning solutions to combine planning at operations and at corporate finance levels.

Be up and running in no time with pre built solutions for planning on functional areas of Capex,Projects,Workforce, Financials and Strategic Modeling.

Also helps Scenario modeling, Monte Carlo simulations, treasury plans, rolling forecast and predictive planning, integration with GL for control and variance analysis. Extending solution for preparing procurement plans.

We have built extensive solutions for clients who preferred their own way of planning over out of box solutions. Our work in Public Sector planning addresses comprehensive needs of Government organizations, country specific processes and workflows that go up to parliaments in some cases.

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Profitability and Cost Management Cloud Services

PCMCS is business focused analytical platform with timely relevant analytics and actionable performance information to LOB leaders. It also provides completely transparent ,credible and fully traceable cost  allocations between organizational profit and cost centers.

Brings in high visibility all cost elements and profit drivers at the most granular level be it activity/customer/product/facility or any such combinations. Provides for objective allocation models for profitability analysis, shared service costing, IT financial management and tax transfer pricing.

Leveraging PCMCS and other frameworks, we have delivered solutions combining operational and financial data to bring high visibility to all cost elements and profit /contribution drivers that can be pivoted to strike an optimal mix of cost elements and profit drivers. With user friendly logic building for multi-step cost allocations with ability to restore data back to a point before such allocations/calculations.

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Account Reconciliations Cloud Services

Oracle offers integrated reconciliation of accounts of entities across the Globe at the desired granular level with best of support papers and explanations. Framework to build automated account reconciliations and transaction matching with robust workflow, data security, risk sensitivity.

We have built fit to purpose reconciliation solutions involving data from multiple sources GL, Sub ledgers, Banks, Data warehouse involving Oracle GL, Netsuite GL and other non-oracle systems.

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Financial Consolidation and Close Cloud Service

Oracle FCCS helps enterprises with large international operations through its subsidiaries, investments and joint ventures to keep pace with ever changing compliance requirements of GAAP/regulatory authorities.

FCCS framework provides for seamless global consolidation for GAAP /IFRS /internal performance review purposes with high scalability.  Built-in functionality that covers the full spectrum of end-to-end close tasks to facilitate quick adaption to changing business and compliance requirements while delivering faster, accurate, and transparent reporting

We have delivered consolidation solutions leveraging FCCS and its earlier version of HFM (On premise) frameworks, for clients in USA, Europe and India both for statutory and management purposes. Our solution handles typical challenges in cost allocations, transfers, intercompany eliminations, currency translations, dynamics in cross holdings and minority interests. We also atypical  GAAP/country /enterprise specific requirements and challenges.

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Tax Reporting Cloud Services

TRCS provides framework for integrating financial data and tax calculations to perform tax reporting on latest data and applicable tax calculations from the lowest level (legal entity) all the way up to the consolidated tax disclosure. Deliver transparent corporate tax processes—including tax provision and country by country reporting (CbCR) involving all stakeholders.

Leveraging TRCS framework, we have delivered solutions to effectively collect tax data from regional controllers ,streamline and  automate accounting of  permanent and temporary differences, accounting tax provisions with reports and dashboards to support analysis of tax data and processes.

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Familiarization Demos Requirements workshops
We discuss and show framework-based solution approach, demonstrate typical business scenarios and solutions.Demonstrate capabilities to leverage, extend and tweak framework to generate right fit solutions.Ignite imagination of stakeholders on what to expect and demand from us. Review and validate functional requirements. Have responses on process specific questionnaires
business planning, consolidation, reconciliation, cost allocation to ensure high degree of clarity on functional requirements		 Unlike conventional approach, we encourage requirements to come in a spiral fashion. However, not open ended.

We segregate type of requirements that can be entertained until Design, Configuration and Sprint 1 or Sprint 2.

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Detailed Design Configurations Integrations
Solution Strategy – areas good fit for framework-based solutions and areas that demand custom solutions.

We prepare detailed Functional and Technical design, walk them through concerned stakeholder and sign-off.

We complement clients’ know-how with our experts’ know-how to tailor fit solutions specific to industry and company.

 Based detailed design, we configure solutions, make right fit choices on functionalities, build user interfaces, business logic and reports.
Implement process specific automations – business planning, consolidation, reconciliation, cost allocation and the like.		 Build interfaces with different data sources including between EPM applications.Automate and schedule them.

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Sprints Testing Fine Tuning
Sprints are heartbeats of Agile methodology – gateways to assess whether solutions address functional requirements against requirements and design. We provide test scripts for unit testing and testing integrated business solutions along with scoring templates. Saves stakeholders’ time. Final review on usability and effectiveness.Zero defect confirmation.

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Dress Rehearsal & Cut Over Hypercare Enhancements
Process and data source specific user actions performed.

We do a dress rehearsal with real users, using real data in controlled environment and draw assurance for system readiness to Go Live.

 Post Go Live, our implementation team kept in standby mode to assist client users in case of any hiccups or incidence.

Our FAQ helps in tackling typical post go live issues

Start measuring the benefits realized against planned benefits

 Even the best practices need to get better over a period of time.

Our experts assist you to add breadth and depth of solutions in sync with dynamism of reality.

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