Posts Tagged ‘Enterprise Performance Management’

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 […]

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 […]

It’s well known that many organizations invest a tremendous amount of time and energy preparing the annual operating plan. Mature finance organizations have moved beyond the annual plan to more useful monthly forecasts, rolling plans, and predictive analysis. Regardless of frequency, the budget and forecast cycle is often beset with the same issues: Errors manipulating […]

In part one and part two of this series I addressed two of the three methods I identified that can be used on PBCS to extract data from the command line and scheduled to run without user interaction. In this third and final post of the series, I will explain how to extract data using […]

The first blog post in this series, How to Extract Data from Planning Budget Cloud Service (PBCS), covered data extraction using the native data export PBCS functionality. Continuing with this series, I’ll describe the second method to extract data from an Oracle PBCS instance. Each method has its advantages and disadvantages. This post will focus on […]

For years, I have used either Oracle Virtual Box or VMWare Workstation for creating test servers so I could spend quality time with new versions of the Oracle EPM software.  This has required me to maintain a rather expensive and bulky workstation class laptop.  A high-end laptop capable of running a virtual machine with 4 […]

HFM/FDMEE have been successfully replacing spreadsheets to achieve efficiency and accuracy during month end close. It is rarely discussed that HFM/FDMEE have also successfully replaced other systems used for consolidation and reporting. In one of our recent implementations, our client previously acquired a large group of companies based in Asia Pacific which had been using […]

When building an HFM application, one of the application settings is Node Security which is either Parent or Entity. What is the difference between these two choices? Selecting “Entity” means that user access is defined strictly by entity security while “Parent” means that user access considers Parent security. To illustrate assume the following: The user […]

Promoting a base entity to a parent entity in Hyperion Financial Management application should be avoided. Parent data are normally the summation of all the “Contribution Total” from its children. Parent entities do not have its own data in HFM other than adjustments if entity dimension attributes allow adjustments at parent level. In an existing […]

Finance Transformation has been a catchphrase in the enterprise performance management (EPM) industry for several years. But what does finance transformation mean exactly? From our perspective, it begins with the marriage of modern, digital technologies with a strong governance philosophy. When this occurs, a finance organization is transformed into a prescient voice shaping business strategy. […]

Even with the extraordinary popularity of Cloud Services, many clients still need to figure out how to get their hands on their data sets store into these services. There is no exception with Oracle Planning and Budgeting Cloud Service (PBCS). Even with the reporting capabilities offered on this cloud service, there is still the need […]

Assembling the vast amounts of data in healthcare is both a technical and political challenge. I’ve worked at or with multiple hospitals where the finance and clinical teams never really collaborate and therefore the lens put on either domain is not terribly realistic. Truly merging and using the data requires organizational transparency and a commitment […]