Deborah Jelley

Recent Posts

Closing Your Books in the Cloud Using Oracle HFM

Posted by Deborah Jelley

Feb 19, 2015 1:13:00 PM

Hosting Oracle HFM In The Cloud

You have concerns about moving your consolidation and close process to the cloud. You want to understand the pros and the cons. You want to know if using Hyperion Financial Management (HFM) in the cloud is cost-effective, efficient and adaptable to your environment.

You are not alone.

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Topics: EPM Support, Cloud Hosting, Hyperion Financial Management (HFM), Cloud EPM

Oracle Hyperion Financial Management in the Cloud Currency Conversion Feature

Posted by Deborah Jelley

Jan 23, 2015 8:41:00 AM

Could you do it in the Cloud? Would you, could you do it in your office? (with apologies to Dr. Seuss…)

Why would you want to perform a direct currency conversion on Oracle's Hyperion Financial Management (HFM) in the Cloud? Maybe it’s important to be able to look at data that comes in from your subsidiaries and translate it immediately to see if the currency fluctuation is material. Well, consider this: you may have your physical HFM application set to always translate your actual data and populate canned reporting on an overnight or perhaps even a continuous basis during your closing cycles. That’s fine for your final reports, but what about translating data on the fly? 

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Topics: EPM Support, Cloud Hosting, Hyperion Financial Management (HFM)

Standardize your chart of accounts? Not that question again!

Posted by Deborah Jelley

Dec 2, 2014 4:28:36 PM

No Way!

Now you’ve done it: you’ve gone out and bought another company, and you have to figure out how to include the new information within a reasonable time-frame in your consolidation process. Your company already has an ERP (Enterprise Resource Planning) system in place, but so does your new company. Your stakeholders will soon be clamoring for data averaged for the past five years, including the new company results. All you can see on the horizon is 

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Topics: Consolidation and Close, Financial Reporting, Hyperion Financial Management (HFM), Hyperion Planning, Finance Best Practices

What is the impact of IFRS on your HFM or SAP BPC system?

Posted by Deborah Jelley

Nov 12, 2014 1:17:00 PM

Have you had to include IFRS (International Financial Reporting Standards) into Oracle Hyperion Financial Management (HFM) or SAP Business Planning & Consolidation (BPC) yet? Of course if your company operates internationally, you’ve been aware of the general recommendation to adopt IFRS since 2001; especially if your international finance teams regularly produce both US GAAP (Generally Accepted Accounting Principles) and IFRS reporting for consolidation purposes.  The US SEC (Securities and Exchange Commission) has not made a policy decision for US companies to adopt

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Topics: Financial Reporting, SAP Budgeting and Planning, Cloud EPM, Oracle Products

Should Rolling Forecasts be Part of Your Finance Process?

Posted by Deborah Jelley

Sep 30, 2014 10:00:00 AM

rolling_forecast

What is a rolling forecast and why would you go to the trouble of changing your budgeting and forecasting model to accommodate one?

Rolling forecasts...

  • Provide management with a 12- to 24-month outlook from the current period
  • Emphasize key business metrics and are produced fairly rapidly
  • Extend beyond calendar or fiscal periods and are typically updated with blended actuals data
  • Are prepared on a regular basis at pre-determined times and are not usually tied to budgeted performance metrics
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Topics: Budgeting and Forecasting, Business Intelligence, Cloud ERP, Finance Best Practices

Value of a EPM Checkup a Year After Your System Goes Live

Posted by Deborah Jelley

Sep 3, 2014 9:00:00 AM

A Year Later…

So it’s a year after your new EPM (Enterprise Performance Management) system went live. You are preparing for the budget season and are wondering if your new system might need a little tune up. As with a new car where an oil change is recommended at 3,000-5,000 miles, it may be time to perform a checkup and make sure your EPM system is running as efficiently and effectively as possible. 

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Topics: Consolidation and Close, Budgeting and Forecasting, Financial Reporting, Cloud ERP, Enterprise Performance Management (EPM)

When Should You Invest In A New Budgeting and Forecasting System?

Posted by Deborah Jelley

Aug 8, 2014 10:54:20 AM

Budgeting and forecasting allow a business to plan accurately for its fiscal year. In a 2016 survey by Radius Global Research, it showed 57 percent of respondents were still relying on Excel for their budgeting—either standalone or with other systems. A budgeting and forecasting system (or process) that is manual is ineffective and inefficient. 

Is it time for a new budgeting and forecasting system?

Have you delayed your decision to invest in a new forecasting and budgeting system thinking that your existing Excel models are sufficient to the task, and that you have

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Topics: Consolidation and Close, Budgeting and Forecasting, Financial Reporting

How to Maintain Continuity of your Finance Process when Analysts Come and Go

Posted by Deborah Jelley

Aug 5, 2014 9:48:00 AM

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Employee churn happens:

What transpires with your consolidation or forecast and budget process after one of your key accountants or analysts leaves the organization, gets promoted or is assigned to a different job?  Ideally, nothing drastic.  You bring in a new person; there is a two week transition phase and boom:  the new analyst is soon running an error free process!  Right?  Right!  

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Should You Link Finance or ERP Software to Your General Ledger System?

Posted by Deborah Jelley

Aug 1, 2014 10:57:00 AM

You work for a mid-range to large company and revenue has been declining and at the current month’s mid-point, you have to give a presentation to your management team on why this is happening.  You need an immediate update of your monthly reports, so you ask your financial analyst to get it done by early afternoon.  She looks so horrified and you wonder if you’ve

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Topics: Budgeting and Forecasting, Financial Reporting, Enterprise Resource Planning (ERP)