It is always a good idea to lock data after completing period end-processing tasks. In HFM, we create the status grid that we use to lock or unlock data for the period and entity hierarchy intersections. The procedure to lock data in FCCS is different as follows: In Manage Approvals we need to make sure […]
Posts Tagged ‘FCCS’
FCCS Translation Rates and Movement
In Hyperion Financial Management (HFM), we know that Assets and Liabilities are Balance Accounts where we assign Ending Rates while Revenues and Expenses are Flow Accounts where we assign Average Rates. In Oracle Financial Consolidation and Close Cloud (FCCS), Balance Sheet and P&L Accounts are assigned the same Time Balance and Exchange Rate Type. For […]
The Four Custom Dimensions of FCCS
Although Oracle Financial Consolidation and Close Cloud (FCCS) offers enhanced functionalities such as multi-currency consolidation, pre-built Movement and Data Source dimensions, pre-seeded dimensions with corresponding consolidation, translation and FX calculation rules, the hesitation to take advantage of these FCCS enhancements were mostly due to the restrictive two custom dimensions. For some companies, two custom dimensions […]
HFM to FCCS [ODTUG Webinar Q&A – Part 2]
If you didn’t have an opportunity to attend the webinar, HFM to FCCS – A Customer Success Story, presented by Doga Pamir, Solutions Architect at Perficient, you might want to check it out on ODTUG’s website as part of their educational webinar series. This event was originally presented at Kscope17 and was so well received, that ODTUG […]
HFM to FCCS [ODTUG Webinar Q&A – Part 1]
Oracle Financial Consolidation and Close Cloud Service (FCCS) is one of the latest cloud solutions offered by Oracle. Doga Pamir, Solutions Architect at Perficient, was selected by ODTUG to present at Kscope17 on this topic. His session, HFM to FCCS – A Customer Success Story, landed Doga not one, but two awards! The session was so well […]
Oracle FCCS: A Deep Dive [Webinar Q&A – Part 2]
A recent Perficient webinar, Oracle FCCS: A Deep Dive, held a captive audience for the Q&A session well beyond the top of the hour. In the second of a two-part blog post, I share the highlights of questions asked by attendees and answered by both Tony Coffman, Oracle EPM Practice Director at Perficient, and Rajesh Bhatia, […]
Oracle FCCS: A Deep Dive [Webinar Q&A – Part 1]
A recent Perficient webinar, Oracle FCCS: A Deep Dive, held a captive audience for the Q&A session well beyond the top of the hour. In this two-part blog post, I’ll share the highlights of questions asked by attendees and answered by both Tony Coffman, Oracle EPM Practice Director at Perficient and Rajesh Bhatia, VP of […]
Perficient Solutions Architect Wins Awards for Kscope17 Session
Nearly 100 Kscope17 attendees attended a session by Doga Pamir, Solutions Architect, Perficient Oracle, that recently landed him two top honors: Best First-Time Speaker Award HFM to FCCS – A Customer Success Story Doga Pamir, Perficient Top Speaker Award (Financial Close) Financial Close – HFM to FCCS – A Customer Success Story Doga Pamir, Perficient Doga’s presentation, HFM […]
Oracle FCCS: A Deep Dive [Webinar]
Oracle Financial Consolidation and Close Cloud Service (FCCS) is the latest evolution of Oracle’s market-leading Financial Close Suite. What makes it different than Hyperion Financial Management (HFM)? A lot! Join us for a side-by-side review of FCCS and HFM. If you’re a customer of Hyperion Enterprise, HFM, or non-Oracle financial reporting packages evaluating alternative solutions, […]
FCCS and Financial Statements
Financial Statements – Balance Sheet, Income Statement, and Cash Flow Statement – are generated after completing the accounting period end close process. Proper design of Account hierarchy has always been the effective means of creating Balance Sheets and Income Statements. In Oracle Financial Consolidation and Close Cloud Service (FCCS), Movement dimension was designed to facilitate […]
Close Manager – the Appropriate Tool to Manage Close Process
Don’t you wish you had data to evaluate the efficiency of your period-end close process? Wouldn’t it be nice to know where the bottlenecks are? We live in a high-tech world, but it is not surprising to see large companies still using whiteboards to monitor progress of their accounting close process. Period-end close tasks are […]
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 […]