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Posts Tagged ‘Data Relationship Management’

Oracle Enterprise Management Updates

Oracle’s Recent Enterprise Data Management Updates

The recent updates for Oracle’s Enterprise Data Management platform offers a few new features to be aware if considering implementing the tool. Inclusion of Financials Cloud General Ledger Users can now manage descriptive flexfields (DFFs) for Financials Cloud General Ledger. Descriptive flexfields can be registered for Financials Cloud General Ledger applications and/or segments. The registration […]

Enterprise Data Management Cloud – Built for Business Users

Oracle’s latest Enterprise Performance Management (EPM) cloud offering, Enterprise Data Management Cloud Service (EDMCS), is the next generation application for interacting with enterprise data domains such as master data, reference data, dimensions, hierarchies, mappings, etc. What makes EDMCS so exciting? The answer lies in Oracle’s approach to provide a data management application that caters specifically to […]

Data Relationship Management Versioning (Part 2)

In the first part of this series we covered the purpose of versioning and how easy it is to create new versions to provide periodic snapshots of hierarchies. Today, we’re going to discuss the typical life cycle of a version. The following image will help illustrate the concept. When a version is first created, it […]

Data Relationship Management Versioning (Part 1)

The ability to create different versions of hierarchies within Oracle Data Relationship Management (DRM) is one of the tool’s biggest benefits. The definition of a version is simply the grouping of hierarchies. This simple, yet effective, function allows organizations to create versions for several different types of scenarios: Grouping of hierarchies based on time periods […]

Why Oracle DRM is Essential for Managing Master Data (Part 5)

Every organization has a process for managing its data. It’s a must in today’s digital world. We all know this, but we also know that many organizations struggle with their data management processes. Especially those organizations that rely on common, multipurpose tools to do so. Email, phone calls, Excel spreadsheets, and ticketing systems can help facilitate the […]

Why Oracle DRM is Essential for Managing Master Data (Part 4)

We’ve covered exports and validations so far in this blog series. Our next topic is centered on the ability to create attributes, or properties, in DRM. Some examples of properties include: – Address information for branch offices – FEIN numbers and currencies for legal entities – Account type for accounts in EPM and/or EBS applications […]

Why Oracle DRM is Essential for Managing Master Data (Part 3)

Link to Part 1 Link to Part 2 One of our clients’ favorite features of DRM is the ability to configure custom governance rules for their dimensions. Without DRM, many organizations are forced to use manual enforcement coupled with inadequate tools such as Excel, Access, and SQL procedures. Simply maintaining these processes becomes a job […]

DRM Quick Tip: Ordering Hierarchy Groups

Hierarchy groups providing a mechanism for managing hierarchies within DRM. In the simplest of terms, hierarchy groups are essentially folders of similar hierarchies. DRM administrators can create, modify, delete groups as needed. Below is an example of hierarchy groups from the hierarchy pane of the Browse task within DRM.

Why Oracle DRM is Essential for Managing Master Data (Part 2)

This is a follow-up to the Part 1, which can be found here. In the previous post, we examined the three major components directly impacting MDM, specifically enterprise dimensions. People, Process and Tools (PPT). We’ll now expand on those components and how DRM solves many of the challenges associated with PPT. To help simplify things […]

Why Oracle DRM is Essential for Managing Master Data (Part 1)

At a recent user conference, I was asked, “why do I need DRM in my organization?” A very interesting question with both a short and long answer. Let’s cover the short answer first… DRM (Data Relationship Management) provides organizations the ability to centralize the governance of enterprise dimensional master data while ensuring the data is […]

What’s New for Oracle Hyperion DRM – PBCS Integration

With the recent release of EPM suite, it’s no big surprise that Data Relationship Management (DRM) becomes an integration tool used with Planning and Budget Cloud Service (PBCS) as Oracle continues to push cloud computing. Hierarchies, nodes and properties can now be shared between DRM and PBCS by using Web interface or the EPM […]