The Seaboard Journey from World to E 1

The Seaboard Journey from World to E 1 9. 2 October 13, 2020

Seth Chaikin Angie Childs Grant Thornton Business Applications – Managing Director Seaboard Director of Payroll and Accounting Systems © 2019 Grant Thornton LLP | All rights reserved | U. S. member firm of Grant Thornton International Ltd 5

Agenda 1. About Grant Thornton 2. About Seaboard 3. Seaboard Upgrade – Why Upgrade? 4. Seaboard Upgrade – Overview 5. Key Considerations 6. Things to Consider for Your Upgrade 7. Summary © 2019 Grant Thornton LLP | All rights reserved | U. S. member firm of Grant Thornton International Ltd 6

About Grant Thornton

Grant Thornton Office locations People 59 offices spread across 30 states and Washington D. C. More than 8, 500 professionals in the U. S. Reach Partners Serve 36% of companies on the 2017 Fortune 500 list and 25% of companies on the Russell 2000 list 594 partners serving more than 8, 000 clients in the nation Our services Revenue • Assurance • Tax • Advisory GT U. S. net revenue equals $1. 74 billion stats are as of 07/31/2017 © 2019 Grant Thornton LLP | All rights reserved | U. S. member firm of Grant Thornton International Ltd 8

Our Oracle practice Creating business harmony in the cloud Find your silver lining gt. com/silverlining © 2019 Grant Thornton LLP | All rights reserved | U. S. member firm of Grant Thornton International Ltd 9

About Grant Thornton Celebrating 40 years of having a JD Edwards Practice! Project management and functional expertise Technical • Specialized functional resources • Project management office • Implementations • Upgrades • Mobile applications • CNC • Development • Workflow • Security management • Third party integration architecture • Business process reengineering • Managed services (functional) • User materials and training • Technical management • Database management • Infrastructure / hosting • Managed services • Financials • Distribution • Manufacturing • HR / Payroll • CAM • Validation testing • Project advisory Oracle leadership • The Leading Oracle Platinum Partner presenter at COLLABORATE, INFOCUS and Open. World conferences (more presentations than any other Platinum partner in the past 3 years) • Featured in PROFIT magazine – JD Edwards Special Issue • Teaming with JDE product development – we work with JD Edwards on enhancing the code base for customers (e. g. One. View Reporting, Revenue Recognition, Leasing Standards, Configurator) • Private cloud • Disaster recovery • Security • Development (FRICE) Experience and recognition (technical) Trusted business advisor • Gap assessment • Transformation • Industry point of view • Proven methodologies • Process excellence • Enterprise Model • Benchmarking • ERP governance • Data governance • Master data management • Reporting strategy • Business Process Library • Change management • Cloud roadmap / strategy • • • Over 20 implementations in the past 5 years Over 50 upgrades in the past 5 years 2019 JD Edwards Partner Excellence Award for Upgrades 2018 JD Edwards Partner Excellence Awards for Customer Focus and Process Innovation 2017 JD Edwards Partner Excellence Award for User Adoption • FASB planning • Chart of accounts • optimization • Benchmarking 2016 JD Edwards Partner Excellence Award for Vertical Industries • 2014 and 2015 JD Edwards Partner Excellence Award for Outstanding Upgrades © 2019 Grant Thornton LLP | All rights reserved | U. S. member firm of Grant Thornton International Ltd 10

About Seaboard

About Seaboard Corporation is comprised of a group of uniquely integrated and innovative companies with a broad global presence. Main businesses include: • • Seaboard Foods Seaboard Marine Commodity Trading and Milling Tabacal Agroindustria Transcontinental Capital Corporation Butterball Mount Dora © 2019 Grant Thornton LLP | All rights reserved | U. S. member firm of Grant Thornton International Ltd

About Seaboard has operations in over 45 countries © 2019 Grant Thornton LLP |

Seaboard Upgrade – Why Upgrade?

Why upgrade? A 7. 3 was no longer supported © 2019 Grant Thornton LLP

Oracle support timeline for E 1 9. 2 • • E 1 9. 2 is THE continuous innovation release The vast majority of new functionality will be built for E 1 9. 2 The Dec 2031 end date is likely to be extended This will provide support for Seaboard for a minimum of 10 more years, and likely much longer © 2019 Grant Thornton LLP | All rights reserved | U. S. member firm of Grant Thornton International Ltd Updated in April to 2031!

Seaboard wanted to take advantage of the new functionality available Area New features Real time financial integrity checking Inventory reconciliation Workcenter load review calendar Outbound inventory management Joint venture management Lease accounting • • Country of origin Rental management Advanced job forecasting MRP availability checking Sales order guides Localization enhancements One. View financial statement writer Usability • • • Watchlists Advanced query capabilities Café One Mobile applications (80+) Form personalization Expanded grids for filtering • • • UX One Landing pages Search User defined objects Real time summarization Grid and column header changes Simplified upgrade path OMW on the web One. View reporting performance improvements JDE on the Oracle Cloud Application interface server for mobile apps In memory applications • Technical • • • Additional standard business service (BSSV) integrations Workflow enhancements JDE Orchestrator Functionality • FASB/IASB revenue recognition standard changes • • © 2019 Grant Thornton LLP | All rights reserved | U. S. member firm of Grant Thornton International Ltd

Usability improvements • In addition to new functionality, there are numerous usability improvements between World and E 1 • • • Watchlists UX One. View grids and reporting Advanced queries Cafe. One Orchestrator Workflow Automation Form personalization Overall ease of querying and exporting data © 2019 Grant Thornton LLP | All rights reserved | U. S. member firm of Grant Thornton International Ltd

Technology flexibility • More flexibility on Seaboard’s infrastructure options • Upgrade to newest versions of the AS/400 operating system • Only World A 9. 4 and A 9. 3 update 1 supported on OS 7. 3 • Many 3 rd party systems are not supported on older IBM OS versions • Oracle has not announced if they will be certifying A 9. 4 on OS 7. 4 • Ability to move to different database (SQL Server or Oracle) and/or different virtual servers (VMWare or Oracle VM) • Ability to leverage different operating systems (Linux, AIX, Microsoft Windows, IBM I 5 OS) © 2019 Grant Thornton LLP | All rights reserved | U. S. member firm of Grant Thornton International Ltd

Technology options • Reporting / custom development • Move away from RPG code – limited availability of RPG developers • Replace current customizations with new functionality • Improve security • True role based security • 9. 2 offers stronger authentication methods and integration with AD and LDAP • Better ability to audit security and potential So. D violations • Integrations • Leverage AIS and other integration tools to modernize integrations with other systems (e. g. Oracle SOA, Dell Boomi, Mulesoft, Informatica) © 2019 Grant Thornton LLP | All rights reserved | U. S. member firm of Grant Thornton International Ltd

Seaboard business case • • • Modern user experience with greatly enhanced capabilities Improved / new functionality, often focused on specific industry needs Greatly enhanced query capabilities Mobile apps and support for running on tablets Flexible architecture allowing more hardware options © 2019 Grant Thornton LLP | All rights reserved | U. S. member firm of Grant Thornton International Ltd

Seaboard Upgrade – Overview

Seaboard upgrade timeline • JD Edwards upgrade to E 1 9. 2 and transition from AS/400 to SQL Server • Corporate • 10 -12 users at the Corporate office in Shawnee, KS • Completed Aug 2016, in 6 month timeframe • TCCB (Dominican Republic) • 30 users • Completed Sept 2017, in 5 month timeframe • Marine • 400 users across US and 15 outports in Central and South America • Completed Oct 2019, in 18 month timeframe • Foods • 120 users across multiple locations • In process, projected completion in Nov 2020, in 8 month timeframe • STF / Triumph planned for 2021 © 2019 Grant Thornton LLP | All rights reserved | U. S. member firm of Grant Thornton International Ltd 23

Seaboard – from World A 7. 3 to E 1 9. 2 • Key benefits • Transitioned from AS/400 to SQL server • Upgrade of GL, AP and AR, and implementation of fixed assets • Localizations and languages • Foreign currency detailed and balance restatement (handled offline in Excel previously) • Redesign of security roles • E 1 Pages, watchlists, advanced queries, user defined objects • Development of FRICE components • Encryption of outbound payment files and decryption of inbound bank recon file © 2019 Grant Thornton LLP | All rights reserved | U. S. member firm of Grant Thornton International Ltd

Seaboard – from World A 7. 3 to E 1 9. 2 • Additional benefits • Infrastructure changed to SQL Server • Increased usage of the AR module – less reliance on other 3 rd party apps • Significant user enablement via the usability tools in 9. 2 • Improvements in localizations for global locations implemented • Orchestrator leveraged for several integrations, notifications and other functionality • Control tables shared across all divisions, simplifying environment management – business data separate into separate environments • Redesign of security, allowing strong So. D controls and easier management • Multiple instances, to allow for flexibility across divisions, but shared control tables, to facilitate easier admin and CNC support © 2019 Grant Thornton LLP | All rights reserved | U. S. member firm of Grant Thornton International Ltd

Seaboard – from World A 7. 3 to E 1 9. 2 • Heavy

Seaboard – from World A 7. 3 to E 1 9. 2 • Café 1 enabled to link key applications together and reduce the number of clicks needed © 2019 Grant Thornton LLP | All rights reserved | U. S. member firm of Grant Thornton International Ltd

Seaboard – from World A 7. 3 to E 1 9. 2 • Orchestrations created in multiple areas to facilitate integrations and notifications • Integration with OANDA foreign currency rate retrieval • Integration with multiple 3 rd party systems to retrieve data from JDE or pull data from those systems • Facilitation of the bank file encryption process • Notifications to users of pending actions required • Notifications of items requiring approval © 2019 Grant Thornton LLP | All rights reserved | U. S. member firm of Grant Thornton International Ltd

Additional Considerations

Additional considerations • There additional things that we had to keep in mind as we upgraded: • • • Reporting Security Integration rewrites Change management Licensing © 2019 Grant Thornton LLP | All rights reserved | U. S. member firm of Grant Thornton International Ltd

Reporting • World. Writers, Dream. Writers, STAR and FASTRs go away! • Big pain point for many long time World users • There are other options • One. View reporting • Oracle Analytics Cloud reporting • Reports. Now / Insight • Query capabilities in E 1 9. 2 • Custom report development • Seaboard chose to leverage One. View and Reports. Now to address the reporting needs © 2019 Grant Thornton LLP | All rights reserved | U. S. member firm of Grant Thornton International Ltd

Security • Security is much different than the older versions of World • • Role based vs. menu based Seaboard took the opportunity to optimize the security model Removed unnecessary / obsolete security records Optimized the number and focus of roles © 2019 Grant Thornton LLP | All rights reserved | U. S. member firm of Grant Thornton International Ltd

Change management • Change management is much more important on a World to E 1 upgrade • Much different user interface • No more function keys! More use of the mouse – often takes some time to get used to • Heavy data entry users had the most impact and biggest learning curve • By leveraging change management throughout each project, we were able to ensure users were ready at go live, with minimal interruption to their day to day processes © 2019 Grant Thornton LLP | All rights reserved | U. S. member firm of Grant Thornton International Ltd

Integration rewrites • Many of the Seaboard interfaces had to be re-written for E 1 • Field properties had changed (e. g. null vs. blank) • Error conditions were different – things that passed in World often error out in E 1 • Data integrity between modules or subledgers was more robust in E 1 • Don't make the assumption you can just repoint from World to E 1! © 2019 Grant Thornton LLP | All rights reserved | U. S. member firm of Grant Thornton International Ltd

Licensing • Make sure you involve your Oracle sales rep to discuss any licensing implications • If you're off support, there may be a license cost impact • This is a good opportunity to think about the module footprint you need long term – potential opportunity to replace 3 rd party systems © 2019 Grant Thornton LLP | All rights reserved | U. S. member firm of Grant Thornton International Ltd

Things to Consider for Your Upgrade

Upgrade types Characteristics Impact On… Upgrade option Technical Removal of customizations Level of business process change Level of new system functionality New modules Business users Project cost #1 – Technical only • Yes • None/ low • No • Low #2 – Technical plus some features • Yes • Some • Low • Medium • No • Medium #3 – Technical plus new features/ modules • Yes • Most • Medium/ high • High • Medium/ high #4 – *Re – implement (transform) • Yes • Most • High • Medium/ high • High © 2019 Grant Thornton LLP | All rights reserved | U. S. member firm of Grant Thornton International Ltd • Very often

Upgrade types • If you're pursuing a technical upgrade, plan for the future • Don't continue to run a World footprint on 9. 2 technology! • Complete an upgrade blueprint, • Detail the areas to be addressed post technical upgrade • Set expectations for all involved of upgrade scope • Document the long term roadmap to address: • New functionality • Improved business processes • Leveraging AIS/Orchestrator • Replacing customizations © 2019 Grant Thornton LLP | All rights reserved | U. S. member firm of Grant Thornton International Ltd

Upgrade timelines • If you're unsure of how to proceed, complete an upgrade planning workshop to go through the items noted on the prior slides • A more detailed assessment may provide value to finalize plans for: • Infrastructure approach • Type of upgrade • Approach to upgrade • Resource planning • Budgeting • Post upgrade items to address © 2019 Grant Thornton LLP | All rights reserved | U. S. member firm of Grant Thornton International Ltd

Summary

Summary • Start planning your upgrade from World to E 1 9. 2 soon • Start thinking about the type of upgrade to pursue • Consider the infrastructure implications and start planning – this can add to the timeline • Consider an upgrade planning workshop to address these items – Grant Thornton can assist with this © 2019 Grant Thornton LLP | All rights reserved | U. S. member firm of Grant Thornton International Ltd