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…

The Virtual Close – Is This Really Needed to Lead at Speed?

In the world of finance and accounting, the concept of the so-called “virtual close” has been around for almost 20 years. In fact, I did some research and published a white paper on this topic back in 2002. At the time, there were several companies such as Cisco Systems and Motorola that had adopted the…

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