Consulting

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

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

Many key users and controllers call them “environments.” Technically, they’re called “scenarios.” We can use them in #FCCS, #PBCS, and #HFM to test major changes without corrupting official data. Yesterday, we needed to see in real time how balance sheet and profit and loss uploaded with a TXT file rather than an Excel Input Package … Read More

Today, we’re working on a recently acquired and live #EPM application. It was developed a year ago, but it’s already full of outdated structures and records, the result of a hastily conducted analysis that focused heavily on the existing model and paid little attention to business evolution. In an EPM project, before technical implementation, we … Read More

Highly recommended for those who are working on it: include scope change and deconsolidation rules in #FCCS from the first implementation phase. This is a best practice we learned along many many projects and case histories 😀 Dedicate the time you need to this specific activity. Plan for everything: exits from consolidation scope, mergers, changes … Read More