Welcome to the Strafford Blog

Welcome to the Strafford Blog

How to Use the FDMEE Excel Interface Demo

Posted by Pam Gazley

Jan 11, 2018 11:00:20 AM

Watch this Hyperion Financial Data Quality Management Enterprise Edition (FDMEE) demo by Strafford Technology that explains how to use the FDMEE Excel Interface to manually load mapping tables. 

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Topics: Hyperion Financial Management (HFM), Data Quality Management

2018 Resolutions for FP&A Organizations Seeking Continuous Improvement

Posted by Deborah Jelley

Jan 3, 2018 2:33:32 PM

It's not too late to make those 2018 Resolutions and we've got a few for FP&A organizations. 2018 will bring key challenges to many FP&A organizations, not the least of which will be to ensure compliance with the recently enacted US tax code revisions and to understand how these changes will impact your company’s core business.  But there are other challenges that present opportunities your organization could take advantage of.  Some of these challenges include further investment in your FP&A organization to guarantee success in the year ahead.  Here are some upcoming trends in FP&A for 2018 as they relate to planning activities and partnering with your sales, operations and executive organizations.

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Topics: Consolidation and Close, Budgeting and Forecasting

Oracle Hyperion On-premises Support is Extended Through 2030!

Posted by Hyperion Consultant

Dec 13, 2017 12:09:05 PM

As you may have seen, Oracle announced at KScope 2017 in San Antonio that it has extended support for a number of on-premise Hyperion tools. In case you missed it, here's the lowdown...

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Topics: Hyperion Financial Management (HFM), Hyperion Planning

3 Things to Consider When Considering an Oracle HFM Implementation

Posted by Hyperion Consultant

Nov 20, 2017 4:48:04 PM

Before embarking on an Oracle HFM implementation or upgrade, do a little homework and understand what you are about to get into.  Some business teams and IT folks see a Oracle Hyperion Financial Management (HFM) product demo and say I need that. However, before you write a check and start piling up papers and creating project plans, speak with someone who’s has successfully done this before. 

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Topics: Hyperion Financial Management (HFM), Implementation or Upgrade

Standardization of Your Chart of Accounts Using Oracle FCCS or HFM

Posted by Hyperion Consultant

Nov 17, 2017 12:40:23 PM

You’ve acquired a new company and they have their own GL system. How do you bring in your newly acquired company and have them map to your ERP chart of accounts while maintaining flexibility and ease of maintenance? And, more importantly, how can you encourage standardization of your chart of accounts across the organization?

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Topics: Hyperion Financial Management (HFM), Oracle FCCS, Chart of Accounts

What is Managed Application Hosting?

Posted by Deborah Jelley

Oct 25, 2017 9:48:39 AM

What is Managed Application Hosting (MAH) and why would you want to consider using MAH for your Oracle Hyperion products?

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Topics: Oracle PBCS, Oracle FCCS, Managed Services

The 11.1.2.4 HFM Features Organizations Love

Posted by Deborah Jelley

Aug 18, 2017 1:29:00 PM

 

Bullet Train Your Financial Close Process - HFM Features 11.1.2.4

Oracle has worked hard on improving HFM features, specifically consolidation times and performance.  We’ve posted tips on how to reduce your financial close process time, by altering or adjusting your business process flows. But this is a physical manifestation of improvements to the actual consolidation cycle.

HFM Features You're Sure to Love

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Topics: Consolidation and Close, Financial Reporting, Hyperion Applications, oracle, Hyperion Financial Management (HFM)

Oracle FCCS: Where did my Income Statement hierarchy go?

Posted by Deborah Jelley

Jun 14, 2017 11:29:37 AM

 

Who wants “Best Practice Consolidation Out of the Box”? You do (along with a large bowl of sea salt caramel ice cream; but I digress). Am I right? Wouldn’t it be just peachy to have best practice for the consolidation cycle preconfigured for you? Yes, yes it would. It’s a good thing. Don’t get all snarky about “Best practice is just another hackneyed marketing term.” Give this post a serious eyeball before you swipe left, or click away; then if you must go out for ice cream, I won’t stop you.   

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Topics: Consolidation and Close, Financial Reporting, Hyperion Applications, oracle, Hyperion Financial Management (HFM)

The close cycle cut down to size: 6 tips for trimming days off your consolidation process!

Posted by Deborah Jelley

Jun 6, 2017 11:37:15 AM

 

The close cycle has unique characteristics for every organization, but key to pruning the length of time spent on it is the practice of continuous improvement. Continuous improvement is defined as an ongoing effort to improve products, services, or processes.  These efforts can seek “incremental” improvement over time or “breakthrough” improvement all at once.  We recommend incremental improvement through a constant feedback loop that in turn drives efficiency, or the reduction and elimination of sub-optimal processes.  Most organizations don’t have the time to spend on breakthrough improvement, so chipping away at it is best.

We are going to lay out some strategies you can apply to overhauling your current process. As your company grows, you can implement a consolidation system like Oracle’s Hyperion Financial Management (HFM) to automate many repetitive steps.  We won’t go into detail as to why you want to speed up the monthly close cycle; suffice it to say, time is money. 

Read on for six tips on trimming days off your consolidation process. 

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Topics: Consolidation and Close, Financial Reporting, Hyperion Applications, oracle, Hyperion Financial Management (HFM)

6 Tips for making your Hyperion Financial Management Consolidation reporting a breeze

Posted by Deborah Jelley

May 10, 2017 11:07:08 AM

Does it take forever to get through the monthly and quarterly close? Do you have to twiddle with the reports each time to get them ready for review? Does it make you wish you had a different job?

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Topics: Consolidation and Close, Financial Reporting, Hyperion Applications, oracle, Hyperion Financial Management (HFM), erp