EXPERLAB
EXPERLAB is a consulting firm based in Milan, Italy. We support companies financial closing processes with Oracle Hyperion solutions for consolidated financial statements, planning, and management reporting.
HISTORY
The name EXPERLAB comes from the concept of EXPerience in PERformance management solutions. The experience is based on a 20-year history of EPM projects, with constant growth in both technical product expertise and functional process knowledge. LAB is the laboratory & testing of excellent EPM solutions for customers.
KEY USERS
The keyuser, first of all. An EPM project is successful if the application is fully understood and utilized by users. Throughout the project, we provide users with all the skills needed to use the product, starting from the preliminary analysis and blueprint drafting phase. In this sense, we like to think of Experlab as a training school for the Oracle Hyperion EPM world.
PROCESSES
Consulting boutique specialized on “on-prem” Hyperion and Oracle EPM Cloud applications. Consolidated financial statements, management reporting, budgeting and planning, ESG sustainability reporting. Data integration from general accounting and source systems. Ability to speak the same language as controllers and IT directors.
STARTER KIT
Over 20 years, we have developed a Starter Kit for Statutory consolidated financial statements, both on HFM and FCCS. Starter Kit is an application that includes an ITAGAAP and IFRS chart of accounts, data loading interfaces, reporting, calculation, translation, and consolidation rules. A project approach that begins with our Starter Kit is a winning one from every perspective: experience, features already active and tested at other companies, smaller project scopes.
EXPERLAB works in full collaboration with Oracle since 2005, both on Hyperion “on premise”applications (HFM, Planning, Essbase) and on EPM cloud technologies (FCCS, PBCS, EPRCS).
Consulting stories, EPM resources and latest news
Consulting stories: what to do with final Consolidation Difference?
We’ve developed a report to explain how the Goodwill Offset account, or consolidation difference in Oracle #FCCS, is calculated. The report shows the holding company’s investment in its subsidiary with its elimination, and the subsidiary’s net equity with its elimination, and shows users whether the difference is positive or negative. This is influenced by retained … Read More
Read MoreConsulting Stories: playing with copy data
Crazy days of Financial Closing simulation !! 😇 What happens if we move companies from one node to another one, in the consolidated financial statements? We’ll see. For us (and for #FCCS) is very easy to: 1. Create a new scenario; 2. Copy data from the official scenario to the new one; 3. Lock the … Read More
Read MoreEEH – New helpdesk service
EEH (Experlab Epm Helpdesk) is a first-class technical and functional support for issues encountered by users on following Oracle Hyperion products: HFM, FCCS, PBCS, EPRCS. How does support work? The user, having encountered an issue, sends an email to support@experlab.it with a description of the issue and details useful for identifying a solution. EXPERLAB guarantees … Read More
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