Leverage the Cloud for Regulatory Compliance

Posted by Steve Berry

Oct 12, 2018 5:28:48 PM

Do-it-yourself might not be the best way to comply with regulations like the Sarbanes-Oxley Act (SOX) — not when you can use an environment already tested and approved.

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Topics: Managed Services, Risk and Compliance, Managed Application Services (MAH), Finance Best Practices

Get Stakeholders on Your Side in EPM Projects

Posted by Adib Khartabil

Aug 27, 2018 8:00:00 AM

The most important part of any EPM project is getting great stakeholder support — because getting great enterprise performance is the job of everyone who works there.

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Topics: Enterprise Performance Management (EPM), Finance Best Practices, Implementation or Upgrade

How Excel drives the need for Oracle PBCS

Posted by Steve Berry

Aug 13, 2018 8:00:00 AM

One reason EPM sales were $4.7 billion in 2016 and are predicted to grow at a CAGR of almost 12% from 2008 to 2025 is that Excel can’t give companies what they need.

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Topics: Oracle PBCS, Excel

Interactive Data Reporting: A Model for Smart Financial Management

Posted by Steve Berry

Jul 24, 2018 8:45:00 AM

Over 40 years ago, Saudi Oil Minister Sheikh Yamani was quoted for this insightful thought on global development: “The Stone Age did not end for lack of stone, and the Oil Age will end long before the world runs out of oil.”The world economy now turns on something more valuable than petroleum: DATA. Unlike oil, data isn’t in jeopardy of depleting. Over the last 20 years, enterprises of all types have faced an ever-growing wave of data growth – with many just trying to stay ahead of that wave by capturing and storing it. The idea of actually making use of it has been an evolving challenge. This blog post explores the evolution of interactive data reporting and modeling.

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Topics: Finance Operations, Finance Best Practices, Consolidation and Close, Budgeting and Forecasting

5 Ways to Improve Your Month End Close Process

Posted by Adib Khartabil

Jul 18, 2018 1:50:00 PM

The three legs to the stool: People, Process and Tools. This is borrowed from ITIL* (What is ITIL?) and is a set of detailed practices for IT service management (ITSM) that focuses on aligning activities with the needs of business, or in this case improving your month end close process. These practices can be applied to any activity by

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Topics: Finance Best Practices, Consolidation and Close, Financial Reporting

An Out-of-the-Box Consolidation and Close Process

Posted by Steve Berry

Jul 12, 2018 10:42:00 AM

Compared to Excel-based manual processes, Oracle Financial Consolidation and Close Cloud Service (Oracle FCCS) dramatically reduces the time and effort needed to do a financial close. 

At Strafford we like to think of the Oracle Financial Consolidation and Close Cloud Service (FCCS) as an out-of-the-box consolidation and close process. That’s because, unlike

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Topics: Consolidation and Close, Oracle FCCS, Finance Operations

Oracle FCCS Q2 2018 Updates – See What’s New

Posted by Pam Gazley

Jun 28, 2018 11:39:16 AM

We are committed to keeping our Oracle clients updated on Oracle Cloud product features and enhancements. In case you missed it, here's a recap of the Q2 2018 Oracle FCCS Updates.

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Topics: Oracle FCCS, Consolidation and Close, Financial Reporting, Oracle Products

Oracle PBCS Q2 2018 Updates – See What’s New

Posted by Pam Gazley

Jun 28, 2018 11:15:56 AM

We are committed to keeping our Oracle clients updated on Oracle Cloud product features and enhancements. In case you missed it, here's a recap of the Q2 2018 Oracle PBCS product announcements.

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Topics: Oracle PBCS, Hyperion Planning, Budgeting and Forecasting, Oracle Products

Think of Oracle EPBCS as Excel's "EPM Edition"

Posted by Steve Berry

Jun 27, 2018 10:45:42 AM

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Topics: Enterprise Performance Management (EPM), Oracle PBCS, Budgeting and Forecasting, Oracle Products

Harness the New Power of Budgeting and Planning In The Cloud

Posted by Senior Consultant

Jun 27, 2018 10:09:07 AM

Today, the big initiative at enterprise software companies is migrating their existing solutions to cloud platforms.  The benefits to moving to a cloud platform generally revolve around greater flexibility and efficiency. Flexibility meaning that IT services can be scaled in real time to fit the needs of the application users.  Efficiency speaks to the ability to deploy applications and services rapidly without worrying about underlying hardware / infrastructure issues.  The mantra is that once you are in the cloud, all you need is an Internet connection. The problem... Many finance organizations are not harnessing the true power of budgeting and planning in the cloud.

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Topics: Enterprise Performance Management (EPM), Budgeting and Forecasting, Oracle PBCS, Hyperion Planning, Cloud Hosting