Operations

In a survey conducted by the Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, 56% of respondents rated cyber risk a top-five concern, while 22% indicated it was their biggest concern. A recent quarterly Cybersecurity Market Report published by Cybersecurity Ventures projects that $1 trillion will be spent […]

Orthofix International, a global medical device company and a legacy Hyperion Financial Management customer, needed to improve its overall close process, providing better tools to employees, and minimizing its infrastructure footprint. They partnered with Perficient to implement Oracle Hyperion Account Reconciliation Cloud Service (ARCS) and Financial Close Cloud Service (FCCS) to perform account reconciliations and […]

Intercompany elimination report is a very useful tool in analyzing intercompany balances. Plug Accounts play a major role as they store differences in intercompany balances and they group accounts with the same Plug Account in the Report. This allows HFM to match balances between Entities and the related Intercompany Partner. How do we get rid […]

It is about time that we all face a hard truth: Many traditional intranet projects fail to achieve their stated business objectives. There, I said it, and I’m already starting to feel better. According to one recent Gartner report, “Since the emergence of the intranet in the mid-1990s, organizations have seen wave after wave of […]

Now that February is here, I thought it would be neat to look back at what our readers found most interesting last month. Below are the top five blog posts Perficient’s life sciences practice wrote in January – they’re ranked in order of popularity, with number one being the most viewed piece. 4 Ways You Can Improve […]

Whether or not we agree with President Trump’s executive orders and policies, on a daily basis, we are getting incredible insight into how he wants to change a number of industries. On Monday, President Trump spoke on reducing regulation and “doing a number” on specific financial rules. Yesterday, he met with executives from the life […]

“What’s new?” is an interesting and broadening eternal question, but one which, if pursued exclusively, results only in an endless parade of trivia and fashion, the silt of tomorrow. I would like, instead, to be concerned with the question “What is best?”, a question which cuts deeply rather than broadly, a question whose answers tend […]

We had a client where, by nature of their business, base entities may move from one parent to another. However, all historical data must stay with their previous parent. Only prospective data will belong to the new parent. There may be several ways of complying with this client requirement, but for me, the simplest way […]

Hyperion Financial Management (HFM) data resides at the intersection of all the application dimensions. Consequently, data security should be defined at the dimension intersection. One of our clients requested us to review their HFM security in preparation for their annual audit. The application was previously built by a different consulting group and based on the […]

A Hyperion Financial Management (HFM) application is always tailored to the client’s needs, business environment, and available data. It is almost impossible to lift an existing application and implement it in a different business environment. For this reason, documentation is extremely important. A design document ensures that the client and the consultant are on the […]

While we can’t always be certain which trends the new year will bring, we can offer predictions based on our conversations with industry executives and our customers, looking at what companies have accomplished in the past year, and the initiatives they already have in place for the future. In fact, that’s exactly how we compiled […]

Coworking is a style of work where an employee shares a working environment with others who are typically not employed by the same organization. This style of work is attractive to independent contractors, work-at-home professionals, and others who often work in relative isolation. I expect to see a rise in rural coworking as more companies […]