Your source to the latest news and trends for Modern Finance and CPM & EPM Solutions
We proactively keep up with latest trends, news and updates in Modern Finance and CPM & EPM solutions and are committed to providing you the same through our CPMConnect newsletters. Just sign up below.
Happy to further cater our information to your needs. You are welcome to opt out at any time.
Each month, Oracle EPM Cloud releases a list of updates to each of the products in the EPM Cloud Suite. The patches are first deployed to Development environments (occurred on July 2nd) and two weeks later to Production environments (July 16th after 22:00 UTC). Below are some of the highlights of changes made to your
With Gartner projecting that, by 2024, 70% of all new FP&A projects will have an extended scope beyond the Finance department, FP&A teams are buzzing with excitement. Why? Well, along with the bold statement on the future of FP&A, Gartner has also reinforced what many of FP&A leaders already know to be true. Finance’s role
If government finance is about anything, it is about data. Often vast amounts of data. Data that is received (from source systems such as ERPs or other agencies), data that is processed (such as budget formulation, allocations, and projections), and data that goes out the door (data to other agencies and reports to the pubic).
If you’re in Corporate Finance, you likely found your planning and analysis processes being stressed and challenged this past year. Perhaps you were driven into increased rounds of forecasting due to COVID-19. Or maybe the Suez Canal being blocked by a large container ship left your team scrambling to adjust forecasts. As a result, like
In a media interview that was published by Barron’s in April of 2021, OneStream CEO Tom Shea spoke about the company and described the OneStream platform as “the financial brain for modern business.” This analogy is a powerful way to describe OneStream to non-technical and even non-Finance audiences who are trying to understand what the
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
Each month, Oracle EPM Cloud releases a list of updates to each of the products in the EPM Cloud Suite. The patches are first deployed to Development environments (occurred on June 4th) and two weeks later to Production environments (June 18th after 22:00 UTC). Below are some of the highlights of changes made to your Oracle EPM Cloud Products:
Previously, 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 (Extended Planning and Analysis) directly into the spotlight. Now, more than ever,
Organizations who leverage Oracle Hyperion EPM for financial consolidation, business planning, reporting and analytic needs are at a critical crossroad. Version 18.104.22.168 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 22.214.171.124 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