2019 spring era. The advantage brought by the technology in EPM Cloud is becoming really tangible: we see it in the interest that the CIOs of the companies we visit show when we make our presentations of the transition from “on-premise” applications to applications in Cloud. We see a lot of curiosity and an active … Read More
It’s time of Financial Statements collection; holding companies controllers stress foreign controlled companies to gain the balances and the data quality to be consolidated. Here we talk about a new winning approach to the closing: ready to see the new features of Oracle FCCS? Experlab organizes webinars and assessments on Financial Close and Consolidated Financial … Read More
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
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
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
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