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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 […]

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Oracle Removes Ability to Create Composite Forms in EPBCS

Oracle had previously delayed the removal of the Composite Form creation in EPBCS, but starting in May 2019 the feature will officially be retired. The ability to edit pre-existing composite forms will remain. Additionally, users will still be able to migrate Composite Forms when moving from on-prem applications to the cloud. For more in-depth information, […]

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Resolving Essbase Error 1005000 in PBCS Business Rules

Using substitution variables to store folder directories and then referencing the variables in calc scripts/business rules has long been a best practice in the world of on-prem applications. For example, using a variable to store the path to a shared folder for a dataexport command. DATAEXPORT “File” “|” “&ExportServer/Sample.TXT” “#mi”; But cloud applications do not […]

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Oracle EDMCS Key Enhancements

Oracle’s commitment to rapidly expanding Enterprise Data Management Cloud Service (EDMCS) features can be seen in the latest updates to the SaaS offering. The enhancements outlined below represent a significant advancement in EDMCS’s ability to simplify dimension and hierarchy administration facing many organizations today.   Subscriptions Systematically applying dimension alignment across target systems is a […]

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Upcoming PBCS Updates You Need to Know

Update: As of the September update from Oracle, it’s been decided to postpone these updates until sometime in 2019. However, we still advise Oracle Planning & Budgeting Cloud customers to follow the recommendations outlined in this post.     If you are like me and read the updates listed in the What’s New document released […]

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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 […]

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How to Create a Rolling Three-Month Report Using FR Studio

Whether you are a consultant building reports for a client, or you are a report builder for your own company, chances are you will be asked to create a rolling three-month report. In this blog, I will discuss how to create a rolling three-month report for Planning using FR Studio. As you are probably aware, Planning […]

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Hyperion EPM–How to Choose the Right Applications? Part 3

From my latest post (Post 2), we talked about starting the process to identify your needs, the importance of a partner and the value of planning ahead.  We will continue down that path in this post.  I’m trying not to spend too much time on gathering project requirements in these posts; however, they are a […]

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Hyperion EPM–How to Choose the Right Applications? Part 2

From my earlier post (Post 1), we talked about what EPM is and how it can help organizations.  This post will focus on starting the process to determine what the organizational needs are.  This is the first step in determining which applications to select and implement.  If at all possible, do not buy your new […]

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Hyperion EPM–How to Choose the Right Applications for Your Needs?

Constant pressure from shareholders and upper management to improve the bottom line are driving factors to business leaders searching for new ways to be more effective and efficient. One of the many tools available to them is Enterprise Performance Management. Broadly defined, Enterprise Performance Management (EPM) is managing the profitability and performance of your business […]

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ARCS: Account Reconciliation Cloud Service – An Intro (part 1)

ARCS (Account Reconciliation Cloud Service) is the cloud counterpart for Oracle’s Account Reconciliation Manager (ARM). A complete and detailed account reconciliation is part of a month end financial close process in an organization. Typically, the finance department needs to identify any/all fraudulent, improper and excessively aged transactions as part of the process. Oracle’s Account Reconciliation […]

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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 […]

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Vacation Planning for Hyperion Administrators

When planning an out-of-town vacation, do you diligently ensure that you have someone lined up to water your plants, feed your goldfish, and keep an eye on your home?   What about your Hyperion environment? Do you hire a managed services provider to take care of your systems and watch over your applications while you are […]

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Setup Cross-Pod Integration for Seamless User Experience

Oracle has announced some exciting changes coming to the EPM Cloud in the July to August time frame. If you are headed to Kscope 17 in San Antonio, Texas, be sure to attend the Sunday Symposium to catch Oracle’s live demo of cross-pod integration. What Is Cross-Pod Integration? When I use the term “pod,” I […]

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Archive PBCS Snapshots to Amazon S3 Cloud Storage

Amazon Web Services’ (AWS) low-cost S3 cloud storage provides a cost-efficient solution to archive snapshot files extracted from Oracle Planning and Budgeting Cloud Service (PBCS). In the following paragraphs, I will use the AWS Command Line interface (CLI) to upload to the Amazon S3 bucket to archive backup files pulled down from a PBCS instance. […]

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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 […]

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Kscope17 Highlight: How to Model Complex Oracle BI Data Security

Kscope17, ODTUG’s user conference known for providing a rich opportunity for networking and education on Oracle technologies, is quickly approaching and we’re excited to connect with you at the event. Perficient is proud to be a silver sponsor of Kscope17, which is being held June 25-29 in San Antonio. Visit us at booth #211 to […]

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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 […]

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Equity Overrides in HFM Implementations Give Clients Full Control

In an Oracle Hyperion Financial Management (HFM) implementation, we always use the historical rate to translate the subsidiary’s equity. Historical rate means the actual exchange rate used when the transaction was consummated. For me, the most practical way of achieving this is by using equity overrides. This gives the client full control of the actual translated […]

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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 […]

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