Posts Tagged ‘Oracle Financial Consolidation and Close Cloud’

Can you believe it?… January is behind us and February is here! And with February comes Valentine’s Day… (just a friendly reminder for those of us who tend to mistakenly overlook this holiday 🙂 ). But lucky for customers, Oracle is not getting distracted by Cupid and is instead providing a laundry list of enhancements […]

2023 is almost here! New goals, new projects, and technological advancements are right around the corner. But before we look forward, we should reflect on the past year. There has been some great insight posted by my Perficient colleagues that can be great resources for managers, analysts, and administrators within the Enterprise Management Performance space. […]

Oracle’s EPM Cloud December release contains some exciting new features for EDM. Many of the features are centered on enhancing the capabilities of building Expressions within the solution. For those not familiar with expressions in EDM… Expressions enable developers to define business logic to manage data. Expressions can be used within properties to transform data, […]

Oracle’s EPM September release contains three key updates. These three updates impact Smart View users, customers using Data Management, and those using journals within Financial Consolidation and Close. Continue reading below for explanations of each!   Smart View – Drill to All Levels in Base A new option named “Drill to All Levels in Base” […]

Automation is a critical aspect of any mature technological platform. Oracle’s recent updates to their EPM Cloud offerings include several new and exciting automation capabilities. Continue to read below for explanation on several of the noteworthy enhancements.   New and Improved EPM Automate Commands cloneEnvironment – Provides ability to clone the environment.  The UsersAndPreDefinedRoles optional […]

With support for Oracle Hyperion Financial Management (HFM) coming to an end in 2021, organizations have a big decision to make this year as Hyperion Financial Management (HFM) has been the main resource for many businesses to automate their financial consolidation and close processes. As organizations may hesitate to make the jump to Oracle’s Financial […]

Oracle is introducing major enhancements to its EPM reporting capabilities with the February 2021 update. These enhancements will undoubtedly provide Oracle EPM customers the opportunity to expand their current reporting abilities to meet the challenges facing organizations today. Continue reading below as we touch on three things every customer must know about the new functionality […]

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 […]

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 […]

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 […]