ECMA, Moving to the cloud

2019-01-26FCCS

The moment is good to look at the favorable licensing of the EPM Cloud. With FCCS we then have Demo Kits to start working on the following processes: – IFRS Consolidated Financial Statements; – Sustainability Reporting with GRI; – Leases with the IFRS16 method. EPM Cloud Migration Accelerator speeds up the migration of metadata from HFM to … Read More

ExperLab EPM University

2019-01-09Experlab Services

Our goal is to create value solutions for companies. Our pleasure is to see users confident in using these solutions. Oracle EPM Training Topics: FCCS (FINANCIAL CONSOLIDATION AND CLOSE CLOUD SERVICE): Application Overview; Manage Metadata; Manage Rules; Manage Financial Close. EPRCS (ENTERPRISE PERFORMANCE REPORTING CLOUD SERVICE): Manage Report Packages for the Notes; Disclosure Management and … Read More

FCCS workshops

2018-12-27FCCS

Experlab offers sessions for illustrating the features, strengths and innovations introduced by Oracle FCCS (Financial Consolidation and Close Cloud Service) along its development roadmap in the Oracle EPM Cloud environment. Recipients: – Management Control Area and Consolidated Financial Statements of companies that currently do not use Enterprise Performance Management tools for Reporting; – Management Control … Read More

FCCS Substitution Variables

2018-11-28FCCS

A good starting point for designing the FCCS documents is to tell users how Substitution Variables work in FCCS. This is a function inherited from Essbase that allows you to always make dynamic Web Data Entry Forms and Reporting Book. We can for istance define Substitution Variables for a comparison scenario, for a certain consolidation … Read More

Financial Closing 2018: XBRL

2018-11-19EPRCS

Source tools: FCCS or HFM or other Oracle Cloud or “on premise” systems. Data source: a closing on Financial Statements and Notes developed on Smart View. Intermediate Step: download the correct taxonomy from the Chamber of Commerce (OIC, IFRS, …) and map (“XBRL tagging”) the financial statements information in the XBRL destination taxonomies. Working tool: Oracle Disclosure … Read More

Skills for EPM users

2018-11-11Experlab Services

In preparation to the warm periods of the Financial Close, Experlab proposes a package of services aimed at improving users’ skills in using Enterprise Performance Management tools: 1. User and System Administrators training; 2. New Consolidated Reporting Package, including: 2a) Equity Movements by company, in consolidated view; 2b) Contribution Report by company and details of … Read More

EPM Cloud data integration

2018-10-19FCCS

A new paradigm, we said: this is how we see Oracle EPM Cloud applications from our experience in cloud projects. Looking at FCCS, one of the strengths, compared to HFM on premise, is data integration. FCCS can live between SDM (Supplemental Data Management) and FDM (Financial Data Management). With SDM we can map a large number of attribute … Read More

FCCS IFRS Demo Kit

2018-10-04FCCS

Here are some notes on today’s FCCS Workshop in Milan. Developed Demo Kit for Consolidated IFRS; further customizable and extendable in terms of functionality; Version “18-10” of FCCS arriving at the end of october, with two new Custom Dimensions; Oracle EPM Cloud Migration Accellerator (ECMA) for mapping and migrating application profile and metadata from HFM … Read More

EPM Assessment HFM / FCCS

2018-09-30Experlab Services

Experlab proposes cognitive and “free of charge” assessments to verify the health of HFM applications (Hyperion Financial Management) on premise and whose use does not cross the functional needs of the area Finance. The causes could be some of the following: Obsolete release application; Original implementation project not completed; Mistrust users in the system/absence of … Read More

Leasing IFRS16 with FCCS

2018-09-17FCCS

Starting date of IFRS 16: January 1, 2019: ends the distinction in terms of classification and accounting treatment, between operating leases and finance leases: the right to use the asset in leasing and the commitment assumed will emerge in the balance sheet in terms of assets and financial liabilities. The potential of Oracle FCCS for the management … Read More