WEBVTT X-TIMESTAMP-MAP=LOCAL:00:00:00.000,MPEGTS:0 1 00:04.080 --> 00:18.150 Holtz, Gabriel: Hello, my name is Gabriel Holtz and I help CFO modernize their finance technology architectures, so that they can build the capabilities they need to deliver more value to the business and help their teams become more efficient. 2 00:19.439 --> 00:32.100 Holtz, Gabriel: Technology modernization is high on the agenda for finance in a recent survey that we have conducted among CFOs from across various industries 94% set the expectation from finance. 3 00:32.580 --> 00:44.550 Holtz, Gabriel: And the demand for business partnering has increased significantly in the past two years 95% of them said that they plan to implement technology to modernize finance and automate their processes. 4 00:45.420 --> 00:54.150 Holtz, Gabriel: What this tells us is that CFOs recognized the need for finance to change and the technology is seen as the key enabler to drive that 5 00:55.380 --> 01:00.660 Holtz, Gabriel: This aligns well with what we are seeing in the market cloud technology for finance has matured. 6 01:01.050 --> 01:08.040 Holtz, Gabriel: Many companies going through implementations are already realizing the benefits that a modern finance architecture delivers 7 01:08.610 --> 01:13.320 Holtz, Gabriel: This includes increased process efficiency from waiting processing and automation. 8 01:13.860 --> 01:24.270 Holtz, Gabriel: Includes financial analysis and decision making that is driven by finance data analytics and reduced financial and operational risk for more enhanced an automated control. 9 01:25.260 --> 01:33.480 Holtz, Gabriel: Let's look at four steps that you can take to form your finance technology strategy and put yourself on a successful path to modernization. 10 01:34.890 --> 01:45.210 Holtz, Gabriel: The first step starts with setting the call with answering the question, what is it that you will be trying to accomplish for an Oracle enabling technology modernization initiative. 11 01:46.140 --> 01:51.780 Holtz, Gabriel: Spend time with your team to define and prioritize that specific business imperative, you are looking to achieve 12 01:52.770 --> 02:01.620 Holtz, Gabriel: Finance technology is a means to an end. Therefore, it is vital to develop the vision for finance than the end game that is what should inform the design. 13 02:02.370 --> 02:09.240 Holtz, Gabriel: Also, make sure you can (you can repeats) articulate the pain points in your current architecture and understand what limits you today. 14 02:09.720 --> 02:20.610 Holtz, Gabriel: Because this will help you establish your case for change within the organization, get the buy in you need from your leadership and assess the benefits you can expect as well as the investment that it will require 15 02:21.690 --> 02:26.550 Holtz, Gabriel: The second step is to then design the Oracle architecture to enable the desired capabilities. 16 02:27.900 --> 02:34.560 Holtz, Gabriel: Oracle offers a broad set of capabilities with which we can truly modernize your entire architecture end to end. 17 02:35.010 --> 02:41.310 Holtz, Gabriel: data integration through the broad spectrum of finance application and down to the reporting and analytics. 18 02:41.940 --> 02:53.070 Holtz, Gabriel: Then you might not be able to modernize your entire architecture at once. It is important to define which components and modules; you must modernize to be able to achieve your stated objectives. 19 02:53.520 --> 03:10.260 Holtz, Gabriel: And which existing components or modules, you can actually keep and leverage for your future solution. It's important to assess the strategic design questions holistically, to understand and plan for any downstream implications or dependencies that can impact the delivery. 20 03:11.850 --> 03:20.790 Holtz, Gabriel: By bringing design around your architecture. And you know what you want to build, the third step is to decide how you want to build. And how you want to deploy it. 21 03:21.840 --> 03:27.600 Holtz, Gabriel: In this step you should work with your stakeholders to define sequence in which capabilities should be implemented. 22 03:28.170 --> 03:42.780 Holtz, Gabriel: The required timeline for the delivery of each release of capabilities and the right deployment approach to the organization which is based on the prioritize list as well considerations and constraints that applies to your implementation circumstances. 23 03:43.980 --> 03:56.880 Holtz, Gabriel: The fourth step before you're ready to launch the implementation is to stand up the delivery program together with your implementation partner and mobilize your resources. This step includes forming the delivery teams as well. 24 03:58.050 --> 04:03.150 Holtz, Gabriel: Developing a detailed internal resource model that is in alignment with the delivery roadmap. 25 04:03.810 --> 04:10.620 Holtz, Gabriel: And defining the governance processes that will help you manage and drive decisions effectively during the implementation. 26 04:11.490 --> 04:24.390 Holtz, Gabriel: And internal staffing needs are likely to vary during the implementation phase. You�ll want to work with an implementation partner, like Deloitte. Then anticipate the on and off-peak times and plan your resource commitments accordingly. 27 04:26.160 --> 04:38.640 Holtz, Gabriel: Following this four-step approach and partnership with Deloitte and Oracle has proven to be successful, for many of our clients and it can help your organization and its path to finance technology moderization.