Financial analysts are often looking for a daily tracker of their organization’s sales. Daily sales tracking requires bench-marking against budgets and forecasts. However, it is often the case that plans are defined at a higher level compared to actuals. In addition, while actuals are available from ERP, plans are maintained in a separate application for […]
Posts Tagged ‘FCCS’
My Approvals unit is not recognizing the year – How can I validate data in FCCS?
If you are getting Failed: Invalid data when you try to lock your period through Approvals, it is time for you to review your Validation form’s variables. Issue: In FCCS – When you are ready to validate and lock the period using the Approvals Menu – you will notice that the validation doesn’t go through […]
Supplement Oracle EPM with Oracle Analytics and Autonomous Data Warehouse in 10 Weeks
Are you looking to supplement your Oracle EPM applications with enhanced analytics capabilities? At Perficient, we have successfully implemented analytics solutions that complement both on-premises Hyperion applications as well as Oracle EPM Cloud business processes: Planning and Budget Cloud Service, Financial Consolidation & Close Service, and Essbase Cloud. Our methodology requires minimal data movement leveraging […]
See How Adding Oracle Analytics Can Elevate Your EPM Experience
The Oracle EPM suite provides best-in-class business process applications when it comes to activities such as financial planning, consolidation and period-end close. Organizations are often looking for ways to easily incorporate financial information, out of EPM applications, into consolidated reporting with other systems (such as ERP, Sales, HR, and others). Also, there is great value […]
Reader’s Choice: Top 5 Oracle Blog Posts of 2019
Subject matter experts in Perficient’s Oracle practice published more than 100 blog posts in 2019! Many thanks to the team for taking the time to share your thoughts as well as tips and tricks with our readers. Below are the top five Oracle blog posts authored by the Oracle practice in 2019, ranked in order […]
Modernize Accounting and Reap the Benefits with a Faster Period Close
Even those of us that don’t work for the office of finance know that anything that can be done to speed the close process is worth a closer look. My colleague, Matt Hopkins, delivered a great webinar on this topic earlier this month – Shorten the Period-Close and Pivot from Collecting Data to Analysis. This […]
Navigating FCCS Intricacies for a Smooth Deployment Part 1
The successful deployment of Financial Consolidation and Close (FCC) remains a discussion point within the FCC community more than three years after FCC made its debut. While Oracle invested time and effort to standardize consolidation rules, the intricacies and variety within the field of financial consolidations presents its own challenges. Oracle began offering their cloud […]
Navigating FCCS Intricacies for a Smooth Deployment Part 2
In the previous post, I began listing topics for consideration when building a FCC application. I will continue the discussion on how to remain connected to the FCC community. FCC Forum and Oracle Cloud Readiness Knowing where to find information or how to reach out to fellow peers is the first step. Oracle has an […]
Summary from Improve Consolidation Performance – KSCOPE19 Session
I attended a very good session on June 25, 2019, by Kari Hassebrock of C.H. Robinson & Coen de Steur of KPMG that explained how the team experienced performance issues with respect to consolidation / translation in FCCS and the various options they applied to tackle it. After attending this session, I could get myself […]
Top 3 Enhancements for EPM Automate
The May 2019 update for Oracle’s EPM Automate utility includes some key features to be aware of… Support for Mac OS — The utility can now be installed on Mas OS computers. Execute multiple instances from the same directory — The utility now supports executing multiple instances against a cloud environment from the same directory. […]
How to Enable FCCS Balance Account
The basic Accounting formula is Total Assets = Total Liabilities + Total Equity. The seeded account FCCS_Balance in FCCS application is designed to temporarily house the imbalance in the basic Accounting formula at Entity Currency. By default, this seeded account is Disabled for all Scenarios. To enable this account, open the Balance the Balance Sheet […]
FCCS Eliminations
Elimination process in FCCS The consolidation process in FCCS includes elimination of intercompany balances, which will occur when intercompany entities meet at the first common parent within the Entity hierarchy. The elimination process use Entity, Intercompany, Account, Data Source, and Consolidation Dimensions. In addition, an intercompany “Balancing Account” or Plug Account must be created to […]