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
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
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
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
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
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
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
DrillThrough means tracing from the destination account of an EPM system to the source accounts of GL; here we talk about: #JDE as source, #FDM as ETL and #HFM as destination. Experlab, in collaboration with a system integrator, has implemented a solution that reduces the maintenance need of FDM maps for the users. In summary: … Read More
Ability to transfer skills and knowledge to key users: competence, confidence in the product, perception of this as a “friend” support and not an opponent, full committment in its use. It’s the job of a good senior consultant. The ability of an application to follow a finance process and the technical and functional expertise of … Read More
Knowledge transfer on Oracle Hyperion Smart View is one of the first values added on a successfull EPM project. A couple of training days should be enough to put users in a position to build their analysis views. Afterwards, it takes practice. We put ourselves on the side of the manager of the consolidated financial statements … Read More