Introduction In February 2013, the State of Oklahoma (State) Office of Management and Enterprise Services (OMES) engaged ISG Public Sector to provide business and technical consulting services for the assessment of implementing Oracle Hyperion Public Sector Planning and Budgeting. This report describes the State’s current processes for budget development and CAFR production, and then sets forth a proposed new business process using the Hyperion toolset. Background The Trial of Oklahoma acquired the Oracle Hyperion software in May 2012 to replace PeopleSoft EPM and other tools, and to provide a modern more comprehensive toolset for strategy management, budget development and adjustment, and the Comprehensive Annual Financial Report (CAFR). For enterprise financial, human resources and budgeting administration, the State currently uses PeopleSoft Financials and Supply Chain Management (FSCM) version 8.9, PeopleSoft Human Capital Management (HCM) version 9.0 and PeopleSoft Enterprise Performance Management (EPM) version 8.8, in addition to a number of developed tools. When the Hyperion tool is fully implemented, the State plans to retire PeopleSoft EPM. The State has licensed the following Hyperion modules in preparation for this deployment: Hyperion Planning Plus Hyperion Public Sector Planning and Budgeting Hyperion Financial Management Plus Hyperion Financial Data Quality Management Hyperion Financial Data Quality Management Adapter Suite Hyperion Financial Data Quality Management Adapter for Financial Management Oracle Essbase Plus Oracle Scorecard and Strategy Management Current Strategy Management and Budgeting Overview The State of Oklahoma’s annual budget process, like most state governments, can be characterized as traditional incremental budgeting. Under this process, budgets are and reviewed in the context of the previous year’s budget with funding decision-making primarily focusing on the incremental change to the budget.
Introduction In February 2013, the State of Oklahoma (State) Office of Management and Enterprise Services (OMES) engaged ISG Public Sector to provide business and technical consulting services for the assessment of implementing Oracle Hyperion Public Sector Planning and Budgeting. This report describes the State’s current processes for budget development and CAFR production, and then sets forth a proposed new business process using the Hyperion toolset. Background The of Oklahoma acquired the Oracle Hyperion software in May 2012 to replace PeopleSoft EPM and other tools, and to provide a modern more comprehensive toolset for strategy management, budget development and adjustment, and the Comprehensive Annual Financial Report (CAFR). For enterprise financial, human resources and budgeting administration, the State currently uses PeopleSoft Financials and Supply Chain Management (FSCM) version 8.9, PeopleSoft Human Capital Management (HCM) version 9.0 and PeopleSoft Enterprise Performance Management (EPM) version 8.8, in addition to a number of tools. When the Hyperion tool is fully implemented, the State plans to retire PeopleSoft EPM. The State has licensed the following Hyperion modules in preparation for this deployment: Hyperion Planning Plus Hyperion Public Sector Planning and Budgeting Hyperion Financial Management Plus Hyperion Financial Data Quality Management Hyperion Financial Data Quality Management Adapter Suite Hyperion Financial Data Quality Management Adapter for Financial Management Oracle Essbase Plus Oracle Scorecard and Strategy Management Current Strategy Management and Budgeting Overview The State of Oklahoma’s annual budget process, like most state governments, can be characterized as traditional incremental budgeting. Under this process, budgets are developed and reviewed in the context of the previous year’s budget with funding decision-making primarily focusing on the incremental change to the budget. Trial
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