Consulting stories, EPM resources and latest news
IFRS18 impacts on the P&L
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
Read MoreConsolidation Starter Kit
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
Read MoreFCCS on demand rules
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
Read MoreEXPERLAB
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).