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Corrective vs. Preventative Security Measures

Data security and controls are a growing area of importance in the world of modern finance, and there are different methods that can be taken to improve your information security. To set the stage we are going to start this post off with a description of two separate home security scenarios: Your home comes equipped

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Oracle EPM Cloud – June 2021 Update

In 2019, we discussed the idea of Finance Business Partnering, highlighting the growing trend of finance needing to actively collaborate with the broader business function to truly drive the business. The onset of the pandemic in 2020 put the importance of Finance Business partnering and XP&A directly into the spotlight. Now, more than ever, the need of integrated

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xP&A and Integrated Business Planning in CPM / EPM

In 2019, we discussed the idea of Finance Business Partnering, highlighting the growing trend of finance needing to actively collaborate with the broader business function to truly drive the business. The onset of the pandemic in 2020 put the importance of Finance Business partnering and xP&A directly into the spotlight. Now, more than ever, the need for integrated

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Establishing a Technical Perimeter for Oracle Hyperion 11.1

Organizations who leverage Oracle Hyperion EPM for financial consolidation, business planning, reporting and analytic needs are at a critical crossroad. Version 11.1.2.4 Premier support ends as of December 2021.  Running on this current version beyond the end of premier support presents the following challenges: Increases security risk Vulnerabilities continue to be found and patched until premier support end

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OneStream is Customers’ Choice in Cloud FP&A Solutions – Once Again!

When evaluating corporate performance management (CPM) software, Finance and IT teams often consult several sources as they are developing their short list of vendors. These sources include the advice of trusted colleagues, auditors and consultants as well as IT industry analyst reports. And just as we all leverage customer reviews when evaluating the purchase of

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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.

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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

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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

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What’s New in the OneStream Platform and MarketPlace?

Well 2020 was a year we all won’t soon forget. While it was a year of disruption for many, the OneStream engineering teams were busy delivering a steady stream of innovations to the OneStream Platform and MarketPlace solutions. Here’s a quick recap of what new capabilities were delivered in 2020 and how they are helping

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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

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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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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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5 Steps for an Effective CPM Software Evaluation

Congratulations. Like many Finance leaders lately, you’ve made the decision to finally move your corporate performance management (CPM) processes forward with a new software solution. Reaching this critical decision is certainly a milestone. But at the same time, you must also prepare for what comes next – creating and managing an effective evaluation process. For

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