Set up Multi-calendar reporting in Oracle Financial Consolidation and Close (FCC)

Multi-calendar reporting is a common Financial Reporting requirement where the fiscal year ends for submitting entities are different than the consolidated group or intermediary sub-group fiscal year end.  For example, the consolidated group fiscal year end could be December 31 while some submitting entities or intermediary sub-groups have a March 31 or June 30 fiscal…

FCC – Blocks & Missing Blocks

You are certain the Essbase Calc Script you’ve written in Financial Consolidation and Close (FCC) is correct but can’t figure out why it’s not working? The issue is likely due to missing blocks. What are Blocks? Every combination of stored sparse dimension is a block and every block contains all of the dense dimension members.…

Finance in the 2020’s: 6 Steps to Leading at Speed

The year 2020 was one that anyone who experienced it will not soon forget.  After starting off the year with great expectations about the decade ahead, by March the global COVID-19 pandemic put a wrench in just about every organization’s plans for the year and cast a major blow to the global economy.  As the…

Top 6 things to consider when migrating from HFM to FCC

With the end of support for Hyperion 11.1.2.4 approaching and Hyperion 11.2 being a terminal release, companies are forced to consider their go forward options. One of the leading tools is Oracle EPM Cloud – Financial Consolidation and Close (FCC). However, FCC is not Oracle Hyperion Financial Management (HFM) in the cloud, but a completely…

EVENT: Now’s the time to re-think Account Reconciliations

Data fragmentation is a major issue impeding an organization’s ability to extract reliable business insights and intelligence from its information sources. Join us as we explore why now’s the time to re-think account reconciliation and how it can be part of the overall remedy. Register Account Reconciliations are a fundamental part of an organization’s period…

How Finance and Accounting can stay ahead of Data Fragmentation

Producing consolidated financial results has been a long standing sore point for Finance and Accounting.  Some continue to struggle through spreadsheets to compile the results while others invested in a financial consolidation system many years ago — most commonly under the moniker of “Hyperion”.  And for a time, these first-generation financial consolidation systems helped.  However, as…

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