By Mike Arnoldy on December 28th, 2017
Most organizations severely underestimate what it takes to reconcile data. They often don’t consider how much historical data is needed and other items that need to be accounted for. Whether you are working with Oracle EPM or OneStream CM applications, the best way to make sure data reconciliation is smooth and mostly uneventful is to take a planned and considered approach.
By Mike Arnoldy on December 18th, 2017
If your ERP systems will do consolidations, you may be asking the question: How would I benefit from spending the extra money to implement a separate CPM application for Financial Consolidation and Reporting?
By Mike Arnoldy on November 7th, 2017
Most organizations severely underestimate what it takes to reconcile data. They often don’t consider how much historical data is needed and other items that need to be accounted for. The best way to make sure data reconciliation is smooth and mostly uneventful is to take a planned and considered approach.
By TopDown Team on July 14th, 2017
Clients often ask for the ability to report historical data the way it was reported organizationally at that previous point in time as well as to report current data in a different organizational view at the current point in time. I call this a dynamic organization roll-up when you need to freeze history in its own view(s) and see current period(s) in a different view.
By TopDown Team on January 23rd, 2017
In the world of corporate financial reporting, what are consolidations? And what is Oracle Hyperion Financial Management (HFM)? This case study answers these questions and demonstrates how HFM is the best solution for providing Profit & Loss statements, Balance Sheet reports, Cash Flow statements, and other related company financial reports.
By Mike Arnoldy 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.
By TopDown Team 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.
By TopDown Team on March 15th, 2016
It happens quite frequently that companies change their fiscal calendar. So how do you create the consolidation solution in Hyperion EPM that is most adaptable to a fiscal calendar change? I recommend building your Period dimension in Hyperion metadata to use generic labeling.
By Brian Willson on January 27th, 2016
Whether you are in the process of selecting a tool for your organization’s consolidation and reporting needs, conceptualizing the application design for an in-progress implementation or familiarizing yourself with an application already in place, there are some key things you need to know about Oracle Hyperion Financial Management (HFM).
By TopDown Team on October 30th, 2015
Accounting means assigning the correct numbers to the correct accounts in the correct time period. Consolidation means combining the accounts of several entities according to accounting rules. Introduction As the administrator of Oracle Hyperion Financial Management (“HFM”), your job is to support the application that produces the consolidated results. Key to supporting the application is…