Posts Tagged ‘Oracle Financial Consolidation and Close Cloud’

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3 Key September Updates for Oracle EPM

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” […]

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Oracle EPM Cloud Automation Updates

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 […]

Oracle Cloud Consolidation and Close Webinar

[Webinar Recording] Demystifying the Move from HFM to FCC

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 […]

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Three Things to Know About Next Generation Reporting in Oracle’s EPM Platform

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 […]

FCCS: Locking Data

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 […]

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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 […]