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: Validating Cash Flow Statement with Indirect Method
An exercise that CFOs enjoy and that brings great satisfaction when everything matches. Cash Flow Statement with indirect method in #FCCS. Accounts and transaction tracking, basic levels of sophistication (pure raw variation in Working Capital) to advanced levels (Cash In and Cash Out from investments and loans, exchange rate effects). The template, including the calculation … Read More
Read MoreConsulting Stories: Process Control on Financial Consolidation
Data Unit in #HFM, Approval Unit in #FCCS (and in #PBCS). The name changes, but the concept remains the same: a building block consisting of a scenario/year/period/company to be managed in data validation process and segregated by user, using securities. Highly recommended! Many users don’t complete all the validation steps; simply managing opening and locking … Read More
Read MoreConsulting stories: changing consolidation scope maintaining comparability with previous data
Use case on #HFM and #FCCS. Today we were asked to move a company from one sub-consolidation node to another, starting in 2026, without changing historical data. We successfully tested the solution of a single entity shared across two different nodes, along with management of the consolidation method. Always using our working method, which includes: … Read More
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