Today we had a great functional analysis session with a FCCS user who’s very good at consolidation (a former auditor, he always teaches us a lot) to see the impacts of adopting IFRS 18. The standard must become effective from the FY 2027 closings, but it must be implemented in EPM tools for the FY … Read More
September is a good time to schedule the implementation of a consolidated financial statement application. A project of this type, meeting the standards required by statutory regulations, can begin in October and go live between December and January, in time for the 2026 consolidated closing date. Experlab’s preconfigured starter kit application includes: 1. A group … Read More
It’s July, a very hot summer here in Milan. Over the past few days, we’ve been enjoying writing efficient on-demand rules to allocate between source and target business units. We’re relying on simple drivers like % of revenue. The process is running smoothly, and we’ve had no negative impacts on consolidated performance. We’re using a … Read More
We’re re-starting the engines with Epmschool, Experlab’s training school on EPM world. Like last year, we plan seminars lasting no more than half an hour each, to share with key-users our experience, technical knowledge, workarounds, and solutions to topics related to Oracle FCCS, PBCS, SmartView, DataExchange. We’ll schedule the first meeting soon. Stay tuned.
It’s been a while since my last post; it’s a very busy time with year-end closures, and I’m very busy with that. But last week, I wanted to attendee Oracle AI World Tour Milan. AI is a vast topic, especially seeing it applied to Oracle’s countless applications. Many are talking about a true revolution. What … Read More
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
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
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
For those companies that consider it every year. It’s an old topic and we’ve discussed it many times, but we’ll repeat it: moving from HFM to FCCS is not a migration … But also, it’s not a new project starting from scratch. I see these steps in our implementation plan for an FCCS based on … Read More
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