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Tag: Essbase Functions

Fish Out of Water: New Essbase Functions

By on February 15th, 2012

I was reading a story about someone trying to clean out his little fish bowl, which held a bunch of fish. He emptied the fish into a bathtub full of water so he can clean up the bowl, and then noticed that the fish remained bunched up together in a circle, not venturing out.And  This…

Allocations, Activity Based Costing and Essbase Functions

By on February 1st, 2012

One of the prevalent Costing models, primarily used in manufacturing is Activity-based Costing. Activity-based Costing or ABC gained popularity as Overhead and Indirect Costs were scrutinized by management, production lines became more complex, and cost center managers were held more accountable for detailed product P&L’s and overhead cost controls.  Traditionally, a fixed percentage was applied…

Time Travel with Essbase

By on January 26th, 2012

I was reading the biography of Albert Einstein—the most fascinating pieces are on how he developed some of his greatest theories by observing his natural surroundings.  In one experiment, performed in his head rather than in a lab, he challenged Isaac Newton’s concept of space and time, in what eventually would become the Special theory…

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