Posts Tagged ‘Oracle’

As organizations build long-range plans and short-term budget/forecasts, they derive either a strategic decision or tactical decisions. The implementation need for strategic modeling vs Hyperion planning on the cloud is based on such decisions. Join me for my informational session at Collaborate 19 where we will highlight use cases for Strategic Modeling and how it […]

Collaborate is where the Oracle user community comes together to share and learn through 1200+ education sessions, panels, and networking events. This year, Collaborate 19, is being held April 7-11 in San Antonio, TX. Oracle’s enterprise performance management (EPM) Java application program interfaces (API) can be very powerful in exacting and loading Oracle’s Hyperion financial […]

Perficient’s Life Sciences practice regularly monitors the software release notes for several Oracle Health Sciences applications, including: Argus Safety Oracle Clinical/Remote Data Capture (OC/RDC) Thesaurus Management System (TMS) Generally speaking, we review release notes at the beginning of each month for the previous month. On occasion, there are no new releases and, therefore, nothing to review; however, […]

Oracle Cloud ERP Application period close process is conducted in a chronological fashion across modules Financials, Procurement, and Projects. The period close process has inherent dependencies among some of the modules. Oracle Cloud introduced some changes on the dependencies and ownership of these processes. This paper details the changes around period close processes. Oracle Cloud […]

What do you get when you combine three major conferences Modern Finance Experience, Modern Supply Chain Experience and Oracle HCM World into a single event? Three days of visionary keynotes, conference sessions, theater sessions, demos, networking receptions and more with an estimated 6,000 colleagues with like interests! Perficient is proud to be a silver sponsor of […]

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 […]

Part 3 of 3 Part Series FCCS IFRS 16 journal generator This is the third and final blog in this series reviewing Oracle’s Financial Consolidation and Close Cloud (FCCS) with their IFRS 16 solution for lease reporting and management.  All screen shots are from an Oracle provided demo. In Part 1, we reviewed the benefits […]

Part 2 of 3 Part Series FCCS IFRS 16 schedules This is the second blog in a three part series reviewing Oracle’s Financial Consolidation and Close Cloud (FCCS) with their IFRS 16 solution for lease reporting and management.  All screen shots included in this blog post are from an Oracle provided demo.  In Part 1, […]

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 […]

Part 1 of 3 Part Series If your company is still struggling to find a reporting solution to manage leases, you are not alone. As of January 1, 2019 IFRS 16 is the international accounting standard for lease reporting replacing IAS 17.  Companies following IFRS requirements should have already implemented a solution to ensure reporting […]

Perficient’s Life Sciences practice regularly monitors the software release notes for several Oracle Health Sciences applications, including: Argus Safety Oracle Clinical/Remote Data Capture (OC/RDC) Thesaurus Management System (TMS) Generally speaking, we review release notes at the beginning of each month for the previous month. On occasion, there are no new releases and, therefore, nothing to review; however, […]

As many of you know, making uninformed decisions on implementation projects may prove to be costly. I have had experiences where customers are faced with making decisions but, they were not aware of the implications their choices would have on the project. One of those key decision is identifying Fixed Assets in the first accounting […]