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Fixes for the Top 5 Planning & Budgeting Issues

Posted by Jamie Carpentier

Feb 21, 2017 12:35:35 PM

 

Fixes for the Top 5 Planning & Budgeting Issues

Your top priority in Finance is margin and earnings performance. The Finance team must prepare for organizational challenges that could occur at any time by focusing on working capital management.

There are many issues that prevent Finance from efficiently organizing and securing the vast amounts of data required for metrics that are used in strategic decision-making.

Let’s deal with some of them head on!

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Topics: budgeting, financial reporting, epm, Cloud Hosting, Hyperion, oracle, Hyperion Planning, EPM in the Cloud

Cloud ERP. Cloud EPM. What's the Difference?

Posted by Jamie Carpentier

Jan 24, 2017 9:05:21 AM

 

Here’s a quick take on ERP and EPM Cloud, and how they work together to help improve your business.

ERP Cloud is an enterprise applications platform that enables the rapid deployment of streamlined transaction-based business processes across enterprises of all sizes.
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Topics: financial reporting, epm, Cloud Hosting, Hyperion, oracle, EPM in the Cloud, erp, cloud erp, enterprise resource planning

Top 8 Reasons to Consider Cloud Enterprise Resource Planning (ERP)

Posted by Jamie Carpentier

Jan 11, 2017 11:05:42 AM

Here is what you should know about Cloud ERP:

  1. Organizational Efficiency – You have lots of different software for different processes. The legacy systems you are using as a “system of record” don’t have the same data structure, so the data doesn’t easily work together. Cloud ERP integrates these systems so that every business function references the same consistent data model. That means a single, unified systems platform to execute business processes against to train on, and to efficiently leverage throughout the business.
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Topics: consolidations, financial reporting, Cloud Hosting, Hyperion, oracle, erp, cloud erp, enterprise resource planning

Consolidating and Closing in the Cloud – Is it right for you?

Posted by Michele Morrill

May 24, 2016 12:31:41 PM

If you’re not bogged down by the month-end close, by now you must have heard the buzz about Oracle EPM Cloud. Oracle has been hyping their cloud products for quite some time now, the first EPM related cloud product, PBCS (Planning & Budgeting Cloud Service), was introduced in 2014. Now in 2016, other EPM products are starting to pick up steam.  As with most new products it takes some time for them to catch on.

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Topics: consolidations, financial reporting, epm, Cloud Hosting, Hyperion, oracle, hfm

Who is monitoring your Hyperion application or system files?

Posted by Robert Woulfe

Mar 16, 2016 11:38:59 AM

How many Hyperion Administrators proactively monitor their application or system log files? Based on our experience, very few. Considering the time constraints put on a typical Hyperion Administrator, this is not surprising. We certainly understand the time and workload crunch these administrators are dealing with, but we’ve also found that the old Ben Franklin adage applies here: An ounce of prevention is worth a pound of cure. Learning to understand the logs is worth the investment of time and will pay dividends down the road.

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Topics: epm, Cloud Hosting, Hyperion

Do you have Hyperion specific backups being completed and tested regularly?

Posted by Steve Berry

Mar 14, 2016 8:28:05 AM

I cannot tell you how many times our client’s IT department believe that they are backing up their Oracle Hyperion environment and, in actuality, are not. We have been called into several new clients where an application issue has required a restore of their environment only to find that Hyperion was not being properly backed up.

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Topics: epm, Hyperion, Backups

Can your Hyperion environment pass a financial audit?

Posted by Steve Berry

Feb 12, 2016 5:16:27 PM

Hyperion applications are often critical components to producing accurate and timely financial reporting. In order to comply with Sarbanes-Oxley (SOX), external audit firms often require a large amount of documentation as well as testing to ensure that a firm’s Hyperion applications are properly secure, backed up and are highly available.

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Topics: Cloud Hosting, Hyperion, Hyperion Financial Management, Hyperion Planning, EPM in the Cloud, Financial Close Management, ARM, HPCM, Hyperion Tax Provision

Hyperion Planning: a better choice than Excel-based Planning

Posted by Michele Morrill

Dec 11, 2015 2:52:18 PM

A “day in the life” of an Excel-based planning process resembles “spreadsheet hell”. It happens when finance teams are constantly sending and receiving files, trying to collate data, and assembling reports for management.

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Topics: oracle, Hyperion Planning, excel

Strafford Insight: Next Generation Financial Reporting

Posted by Michele Morrill

Dec 3, 2015 11:04:15 AM

Is it possible to create a more effective financially intelligent organization?

Strafford Insight provides managers and executives access to a whole range of EPM information, functionality, and pre-built financial dashboards and reports.

A cost effective, finance-owned management reporting tool, it contains Balance Sheet, P&L statements and Cash Flow reports and Waterfall, Trend, Portfolio and Benchmark dashboards. All reports are based on Financial Reporting Best Practices and provide rich drill-down, analysis, alerts, KPI’s and rankings by entity, channel, customer, market, or any other dimension available in your EPM application.

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Topics: epm, sap bpc, oracle, Hyperion Financial Management, Hyperion Planning

Reports: Being All Things to All People

Posted by Michele Morrill

Oct 30, 2015 1:51:28 PM

How can reports be all things to all people?  A key part of a Planning, Budgeting and Forecasting system – or a Reporting and Financial Consolidation system – is reports.  And while there is always a balance between customized or canned reports in any EPM project, a more efficient balance is achievable.

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Topics: forecasting, consolidations, budgeting, financial reporting