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Organizations who leverage Oracle Hyperion EPM for financial consolidation, business planning, reporting and analytic needs are at a critical crossroad. Version 22.214.171.124 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
After debuting last year in the BARC Score for Germany, Switzerland and Austria (a.k.a. DACH), 2020 turned out to be a record year for OneStream. The company exceeded its 2020 projections and achieved 85 percent growth in Annual Recurring Revenue (ARR), including triple digit ARR CAGR in EMEA from 2017-2020, across more than 650
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
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
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.
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
With the end of support for Hyperion 126.96.36.199 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
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
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
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
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
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
No matter where your team is in the Finance transformation journey, it’s always a good time to take more advantage of advanced analytics. Why? Well, like it or not, advanced analytics – such as predictive analytics and machine learning (ML) – are here to stay. How am I so confident? It’s pretty simple, actually. How
When it comes to corporate performance management (CPM), distilled down to the simplest terms, Finance has three basic roles to fulfill in its support for the organization: Looking backward with processes such as the financial close & consolidation to produce an accurate book of record income statement and balance sheet to represent an organization’s financial
In Financial Consolidation and Close Cloud Services (FCCS) business rules can be defined in a few places. This post will primarily focus on Configurable Calculations. These are seeded calculation rules inserted at pre-defined points along the consolidation path and uses Calculation Manager to write rules. FCC sits on top of Essbase and uses Essbase Calc