CON6772: ORACLE ENTERPRISE PERFORMANCE REPORTING CLOUD CUSTOMERS PRESENT: CAESARS ENTERTAINMENT & CITY OF FORT WORTH

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1 CON6772: ORACLE ENTERPRISE PERFORMANCE REPORTING CLOUD CUSTOMERS PRESENT: CAESARS ENTERTAINMENT & CITY OF FORT WORTH Michael Mann Director, Finance and Accounting Caesars Entertainment Brad Kwiatek Director Grant Thornton LLP Joseph Cutolo Project Lead / Principal SA Sierra-Cedar Al Marciante Sr. Director, Product Mgmt Oracle Copyright 2017, Oracle and/or its affiliates. All rights reserved.

2 Program Agenda Introduction City of Fort Worth Caesars Entertainment Q&A Copyright 2017, Oracle and/or its affiliates. All rights reserved. 2

3 Program Agenda Introduction City of Fort Worth Caesars Entertainment Q&A Copyright 2017, Oracle and/or its affiliates. All rights reserved. 3

4 Your data may hold tremendous amounts of potential value, but not an ounce of value can be created unless insights are uncovered and translated into actions or business outcomes Brent Dykes writing for Forbes Data Storytelling: The Essential Data Science Skill Everyone Needs (Mar 31, 2016) Copyright 2017, Oracle and/or its affiliates. All rights reserved. 4

5 Narrative Storytelling Challenges Lack of integrated analytic and visualization tools Adding and reviewing narrative to financial reports is complex Difficult to combine the Data (what) with Narrative (who, when, why) Multiple data sources makes analysis and commentary a manual process Manual processes due to need for maintaining confidentiality Disparate systems for internal vs. external reporting Sensitive data across many people, need for secure access Challenging to bring subject matter experts into the process Inability to reuse content across multiple reporting processes Risk around security and versions No audit, version and data security functionality Copyright 2017, Oracle and/or its affiliates. All rights reserved.

6 Enterprise Performance Reporting Cloud Complete and integrated reporting platform Narrative-based management and external reporting in one solution Unified EPM Cloud Reporting Hub Supports full reporting lifecycle: Reporting, Analysis, Authoring, Collaboration, Commentary and delivery Integrated regulatory reporting framework Seamlessly leverage existing documents, data sources and reporting content 6

7 Reinvent Your Reporting Process Management and Narrative Reporting on one platform Combine Data and Narrative Collaborate Securely Confidently Report Copyright 2017, Oracle and/or its affiliates. All rights reserved. 7

8 Program Agenda Introduction City of Fort Worth Caesars Entertainment Q&A Copyright 2017, Oracle and/or its affiliates. All rights reserved. 8

9 City of Fort Worth Oracle Enterprise Performance Reporting Cloud Service Joseph Cutolo, Sierra-Cedar

10 About the City of Fort Worth 16 th largest city in the United States 5 th largest city in the state of Texas With Dallas, they make up the DFW Metroplex Over 800,000 residents Employs over 6,100 residents Recommended Operating Fund Budget FY18 is $2.2 billion dollars Page 10

11 Implementation Considerations Budget Book Needs Multiple Books Recommended vs. Adopted Creation of overall new Budget Book Timing Using another city s Budget Book PBCS project implementation concurrent Complete change of Metadata Differences between DEV and PROD Page 11

12 What City of Fort Worth was Looking For Opportunity for Improvement Reducing size of current Budget Book Reducing turn-around time in updating for Council presentations Integration with Cloud Planning Ability to drive decision making processes with the most current data across multiple departments Keeping data current and accurate for Budget Book Speed of Delivery Will allow quicker delivery of overall multiple City Budget Books, along with other Management reporting Lastly, reduction of execution timeline Collaborate, collaborate, collaborate Page 12

13 What CoFW received in EPRCS EPRCS allowed the City of Fort Worth to do the following: Reduced Budget Book execution time by 25% initially, will be more! Reduced disparate manual processes to gather data Increased collaboration across multiple departments Provided timely and accurate information for City Council, and the residents of Fort Worth The latest products enhancements, no infrastructure costs, and no maintenance to worry about Mobile functionality, many key stakeholders use tablets Improved Reporting Process simpler, faster, less complex and more reliable Ability to use Microsoft Office products and the comfort level created for users Page 13

14 About Sierra-Cedar s Oracle Practice 14 Average Years of Hyperion Experience 100+ State and Local Government Clients 10 PBCS Implementation Projects $175M in Annual Oracle Revenue 300+ Hyperion Projects 50+ Hyperion Consultants 20+ Years of delivering Hyperion Projects 900+ Employees Page 14

15 Program Agenda Introduction City of Fort Worth Caesars Entertainment Q&A Copyright 2017, Oracle and/or its affiliates. All rights reserved. 15

16 EPRCS success story at Caesars Entertainment Michael Mann, Caesars Entertainment Brad Kwiatek, Grant Thornton LLP October 4, 2017

17 Agenda Who We Are Caesars Entertainment Oracle Cloud journey at Caesars Value achieved utilizing EPRCS Lessons learned and considerations with EPRCS Who We Are Grant Thornton 2017 Grant Thornton LLP All rights reserved U.S. member firm of Grant Thornton International Ltd 17

18 Largest Gaming & Entertainment Company In The U.S. $8.4B >50M >65,000 >100M 47 >1.7M >15,700 >34, TOTAL NET REVENUES TOTAL REWARDS MEMBERS EMPLOYEES GUEST VISITS PER YEAR CASINO IN 5 COUNTRIES SQ FT OF LEEDS CERTIFIED BUILDINGS CONVENTIONS/ MEETINGS PER YEAR HOTEL ROOMS & SUITES WORLDWIDE >49,000 SLOT MACHINES WORLDWIDE >4,000 STABLE GAMES WORLDWIDE ~8,500 LIVE ENTER TAINMENT SHOWS PER YEAR 30 GREEN KEY ECO-RATED PROPERTIES IN N.A. ~1.6M SQ FT OF CONVENTION AND RETAIL SPACE >2.8M SQ FT OF CASINO SPACE WORLDWIDE >600 RESTAURANTS, BARS & CLUBS AT OUR U.S. PROPERTIES M a n a g e 4 7 c a s i n o p r o p e r t i e s a c r o s s 1 3 s t a t e s a n d 5 c o u n t r i e s # 1 o r # 2 s h a r e p o s i t i o n i n m o s t m a r k e t s I n d u s t r y s f i r s t l o y a l t y p r o g r a m, T o t a l R e w a r d s # 1 t h e a t e r v e n u e i n U. S. # 3 l i v e e n t e r t a i n m e n t p r o m o t e r w o r l d w i d e 18 S t r o n g p o r t f o l i o o f w i d e l y r e c o g n i z e d b r a n d s

19 Oracle Cloud journey at Caesars As of Q3 2017, Caesars is live with phase 1 of the multi-phase, multi-year Oracle Cloud deployment The overall program will allow replacement of legacy systems with a fully integrated platform that will lead to increased process efficiency and lower cost, while increasing analytical abilities This solution provides a platform for transformation with integrated solutions The phase 1 Oracle Cloud ERP (Enterprise Resource Planning) and EPM (Enterprise Performance Management) solution highlights are contained on the next slide 2017 Grant Thornton LLP All rights reserved U.S. member firm of Grant Thornton International Ltd 19

20 Oracle Cloud journey at Caesars Phase 1 highlights Upgraded to a new, modern business driven ERP solution Best in class General Ledger and Accounts Payable sub-ledger solution that will lead to improved workforce productivity Faster decision-making with real-time data and reporting as well as personalized dashboards, all providing accurate, real-time knowledge which will be used to make better and more effective continuous improvements Lower cost of ownership by eliminating upfront and ongoing IT expenditures and delivering automatic product upgrades Standardization and elimination of a significant number of manual processes Robust, more comprehensive financial statements analytical review process and solution Have been deployed to over 1,600 accounting, finance, and property employees across Caesars; additional process areas and capabilities planned for future phases 2017 Grant Thornton LLP All rights reserved U.S. member firm of Grant Thornton International Ltd 20

21 Oracle Cloud journey at Caesars Historical systems architecture Current / future state systems architecture 2017 Grant Thornton LLP All rights reserved U.S. member firm of Grant Thornton International Ltd 21

22 Value achieved utilizing EPRCS challenges addressed Caesars was in need of an integrated analytics process to deliver an executive level reporting package Reporting package needed to provide visibility and analysis across the organization starting from the properties to the structures and finally at the consolidated level Additionally, the process needed to be standardized across the organization to ensure consistency in execution and reviews Grant Thornton LLP All rights reserved U.S. member firm of Grant Thornton International Ltd 22

23 Value achieved utilizing EPRCS solution approach 2017 Grant Thornton LLP All rights reserved U.S. member firm of Grant Thornton International Ltd 23

24 Value achieved utilizing EPRCS technology enablers Intuitive business-driven interface and administration Eloquently combine data and narrative / commentary - comprehensively address authoring, collaboration, commentary and delivery needs via report packages 2017 Grant Thornton LLP All rights reserved U.S. member firm of Grant Thornton International Ltd 24

25 Value achieved utilizing EPRCS technology enablers Robust secure collaboration and suitable workflow capabilities enabling communication and teamwork across diverse user groups and constituents Confidently report utilizing attractive widely known interfaces and output formats including Word, PowerPoint, Excel, and PDF 2017 Grant Thornton LLP All rights reserved U.S. member firm of Grant Thornton International Ltd 25

26 Value achieved utilizing EPRCS outcome Achieved the goals set forth for future state on time with successful launch: Simplified, focused on most relevant metrics & reports Consistency at corporate & across properties in the areas of process, reports, and analytics/insights Tools are adaptable as Caesars evolves Documentation & manuals are easy to use & manage Reporting packaging and process improvements continue to evolve each month toolset easily facilitates this 2017 Grant Thornton LLP All rights reserved U.S. member firm of Grant Thornton International Ltd 26

27 Lessons learned & considerations Because of security concerns, integration to on-premise Hyperion applications is more manual and less elegant Fully performance test for solutions with large number of reports embedded from reference doclets to narrative doclets Test and understand how format translates from reference doclets to narrative doclets Workflow and notifications receive continued development focus and enhancements but some will require interim process "work arounds" in the mean-time Assignment of groups / custom roles and granting access to EPRCS artifacts is fairly manual currently 2017 Grant Thornton LLP All rights reserved U.S. member firm of Grant Thornton International Ltd 27

28 About Grant Thornton We are the U.S. member firm of Grant Thornton International, a global organization of member firms providing audit, tax and advisory services to clients for more than 90 years Grant Thornton LLP All rights reserved U.S. member firm of Grant Thornton International Ltd

29 Oracle Practice solutions focus 2017 Grant Thornton LLP All rights reserved U.S. member firm of Grant Thornton International Ltd

30 Hear more from Grant Thornton At OpenWorld Sunday 10:45 am 11:30 pm Room 307 Keys to planning a successful Oracle HCM Cloud implementation (SUN2727) Ken Fontenot 11:45 am 12:30 pm Room 308 Oracle ERP Cloud across countries, currencies and cultures (SUN2699) Matt Peterman and Tori Marinucci, Maiden Re 12:45 1:30 pm Room 307 Betting big on Oracle Cloud at Caesars Entertainment (SUN2756) Deron Stoecklein and Mike O'Brien, Caesars Entertainment 2:45 3:30 Room 308 Oracle ERP Cloud Networking (SIG1590) Matt Peterman, Grant Thornton, Jon Vaughn, Quest International Users Group Tuesday 11:30 am 12:15 pm Room 159 Jackpot: Caesars Entertainment adopts Oracle ERP Cloud (CON4617) Bill Behen and Michael Mann, Caesars Entertainment Wednesday 2:00 2:45 pm Room 155 Customers present: Enterprise performance reporting (CON6772) Brad Kwiatek, Michael Mann, Caesars Entertainment and Al Marciante, Oracle 3:30 4:15 pm Room 3022 Customer testimonial: Move over, Picasso. We use a different canvas - Oracle's IaaS (CON5775) Jeff Silverman and Tom Bressie, Oracle 3:30 4:15 pm Room 214 Moving PeopleSoft Payroll to Oracle HCM Cloud (CON2714) Bill Stratton Also check out Modern finance: Changing the perspective on profitability A CPE event at the Harvard Club, New York Oct 26, 4:30 6:30 12:45 12:30 pm Room 208 Oracle HCM Cloud: Better than ice cream - Wells Blue Bunny case study (CON2758) Deron Stoecklein and Jasen Heaton, Wells Enterprises 7:00 9:00 pm Grant Thornton cocktail party at B Restaurant & Bar Grant Thornton LLP All rights reserved U.S. member firm of Grant Thornton International Ltd

31 Learn More Download session: CON6768 Cloud.oracle.com Enterprise Performance Management -> EPRCS Access docs, Quick Tour, What s New, videos, etc Join Oracle Customer Connect Webcast events, forums, tips/tricks, idea labs and more 31

32 Copyright 2017, Oracle and/or its affiliates. All rights reserved.

33 Copyright 2017, Oracle and/or its affiliates. All rights reserved.

34 Copyright 2017, Oracle and/or its affiliates. All rights reserved. 34