HFM Admins – It’s Time to Care About BEPS

By on August 3rd, 2016

BEPS stands for Base Erosion and Profit Shifting. BEPS is a tax avoidance strategy used by multinational companies. The goal is to move profits from jurisdictions that have high taxes to jurisdictions that have low taxes. This is important to HFM Administrators because the final BEPS report contains a new Country-by-Country reporting requirement for large multi-national companies.

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Why Host Your Financial Systems in the Cloud?

By on July 26th, 2016

At different times, I have been a controller, and a director of IT at different companies. In any of these positions I would have been happy to host the financial systems in the Cloud. Why? Because it would help me to keep my job. In any of these positions, the financial reporting and the IT departments will be held responsible if the computer systems fail, and failure is much less likely in the Cloud with a big company like Oracle.

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The Next Generation (Essbase) Outline Extractor

By on July 7th, 2016

AppliedOlap has implemented useful improvements for extracting Account Dimensions from a v11.1.2.4 Essbase Cube to the Next Generation Outline Extractor. The original OlapUnderground Outline Extractor is only supported up through This next generation of the tool, does the trick, and this blog post outlines how. Note that the updated tool is not dependent on having the Essbase Client installed in your system, rather it uses the new Essbase Java API.

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Kscope16 – Final Thoughts

By on June 30th, 2016

Thanks Kscope16, ODTUG, and everyone who attended the conference for another year of learning and community. We look forward to seeing everyone next year, at KSCOPE17, in the Lone Star State of Texas, San Antonio that is.

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More Kscope16

By on June 29th, 2016

A lot to learn and was learned at the Tuesday Kscope16 sessions. TopDown delivered four of our seven sessions, covering Essbase, Planning, DRM, and Financial Close, to big crowds (even at 8:30 a.m.) who came with a lot of great questions. Talk about being prepared.

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Kscope16 – Day 1 & Day 2 Highlights

By on June 27th, 2016

Great start to Kscope16 on Sunday with symposiums and a Happy Hour with great company, conversations, food, and drink. Day 2 (today)kicked off with a lot of information sessions, focusing on different topics. There is a lot of talk about EPM in the Cloud and Essbase amongst other topics EPM. Some Takeaways from the TopDown Team…

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Driver-based Budgeting Poll

By on June 21st, 2016

We recently finished a very successful PBCS driver-based budgeting project. There are a lot of reasons why the project was successful. One big reason was the great team on the customer’s side. In particular, the customers project owner had a deep understanding of driver-based budgeting and how to use it to help his stakeholders. I’ve…

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Working with FDMEE v11.1.2.4 and the .200 Patch

By on June 13th, 2016

Recently, we’ve implemented FDMEE version at a major client. This client has been using FDM classic version 11.1.2.x for many years and needed to upgrade to version for compliance and maintenance support reasons. When we started this project, we installed the base version of FDMEE with the .100 patch. Through the course of our implementation we ran into some noteworthy findings that we’ll discuss in this blog post. Our guideline for the FDMEE build was to use built-in functionality and be fairly vanilla, so avoid any custom coding.

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Oracle Releases Financial Close Consolidation Cloud Service

By on May 12th, 2016

Oracle Financial Close Consolidation Cloud Service (FCCS) released today. Some may think of Financial Close and Consolidation Cloud Service (FCCS) as HFM in the cloud, but, in fact, it is a brand new close and consolidations product. FCCS is not just HFM “light” either.

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How to Design the HFM Application to Store Permanent Data

By on April 27th, 2016

Many people are looking for a way to get their Hyperion consolidation application to permanently store data. The commonality in this situation is they have a consolidation process that involves using the HFM application to make topside adjustments in the form of journals. This blog post discusses how the the use of the “Data Type” custom dimension mitigates the loss of traceability of source system data, enhancing the HFM application to store permanent data.

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