What is HFM’s strong point in making the Consolidated Financial Statements? Several points I would say, but today we appreciate the consolidation of each individual balance sheet movement. Imagine an HFM application that, for the purposes of the Notes to the Financial Statements, presents the following flows available for the various sections of the Balance … Read More
We have started developing our FCCS application for statutory consolidation. We start from the multi-year experience in the implementation of ORACLE HFM and ESSBASE applications. Learn more about FCCS features and functionalities: email support@experlab.it
This is the lighter, faster, simpler HFM version ever made before. Oracle “dixit”. We say: great opportunity to migrate to HFM 11.1.2.4, especially for customers having following HFM versions: 11.1.1.x (great versions, but really very old in terms of compatibility, etc …), 11.1.2.1 and 11.1.2.2 (the worst ever done before). From out point of view … Read More
We are just talking about pre-configured dimensions and hierarchies, but in FCCS Movement dimension was designed to facilitate the creation of Cash Flow Statement: Movement dimension members are appropriately grouped by Cash Flow sections: Operating Activities, Investing Activities, and Financing Activities. In addition, the FCCS_CashFlow hierarchy lays out the Cash Flow Statement design where more … Read More
Financial Reporting Web Studio, a component available since the 11.1.2.4.701 release, will be established as the only tool for designing and building reports. As a result, Financial Reporting Studio desktop client support will be fully transitioned to Financial Reporting Web Studio, tentatively in mid-2017. With a planned mid-2017 update, Financial Reporting Studio desktop client is … Read More
HFM provides a Closing rate to translate Balance sheet data and an Average rate to translate Profit & Loss data. There is not an Historical exchange rate to translate the equity movements. A quick solution to keep the equity translated at the historical exchange rate is a manual journal entry with journal HFM module. Another … Read More
Some new anticipated features, from the patch readme: You can now insert Planning forms as charts into Microsoft PowerPoint; The Oracle Journals extension now supports opening Oracle Hyperion Financial Management journal reports in Excel. You can view journal reports to check journal status and to review journal adjustments; A new Smart View function, HsAlias, is now … Read More
Oracle Hyperion Financial Management (HFM) on premise application is based on 12 dimensions: Scenario; Year; Period; View; Entity; Value; Account; Intercompany partner; Custom1; Custom2; Custom3; Custom4. We can use more than 12 dimensions if we make applications with more than 4 Custom dimensions. Oracle Financial Consolidation and Close Cloud Service (FCCS) starts with 13 dimensions: … Read More