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Oracle EPM & BI Blog

3 Signs You Need to Automate Your Account Reconciliation Process


For most organizations, the account reconciliation process is manual, time consuming, and a major bottleneck in the financial close process. Medium to large companies commonly reconcile thousands of accounts during the quarter-end or month-end close, yet 65 percent rely on manual methods to determine whether adjustments are required

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Hyperion On-Prem: Current, Next & Future

After Kscope17, we talked about what’s going on with Hyperion on-prem support and Oracle’s roadmap for future releases of on-prem products.

This month at OpenWorld, Oracle made their plans for what’s coming to Hyperion a little more concrete. In this blog post, we’ll look at the 11.2 plans for Hyperion Planning, HFM, Financial Close Management, and EPMA. You’ll also see a helpful graphic comparing current, next, and future functionality for the EPM suite.

But first, we’ll give you a refresher of Oracle’s on-prem strategy and important dates to know.

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How Hyperion Helps with Year-End Close

It’s the beginning of the fourth quarter. You’ve just finished yet another quarter-end close — the last thing you want to think about is year-end.

But it’s there, looming over your head, just like all the Christmas shopping that’s coming up fast. But, what if year-end close didn’t have to be so similar to the hellish nightmare that is shopping at the mall in December? What if year-end close could be peaceful?

Fortunately, there are tools to help — not just with year-end, but month-end and quarter-end close as well. If you’re shopping for a solution to help you speed up your close process, there are several Oracle tools (on-prem and in the cloud) that you should consider.

The Oracle on-prem financial close tools include:

The cloud-based Oracle financial close tools include:

In this blog post, you’ll get a brief overview of each tool, telling you how they can help you have a stress-free close process. You’ll also find free resources to dive deeper into each tool.

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The Best Account Reconciliation Tool? Oracle ARM (3 Reasons Why)

If you’re in the market for an account reconciliation solution, you’re probably feeling the pain points of manual processes. Fragmented data. Lack of visibility into progress. Time-consuming reconciliations that cause a major bottleneck in the financial close process.

The costly risks of manual methods — missing or lost reconciliations, unreconciled accounts, improper use of roll-forwards, and insufficient justification or documentation — can be prevented by automating your account reconciliation process. The question isn’t whether you should protect your organization with an account reconciliation tool, but which tool is best.

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HFM Admin SOX Compliance Checklist: Providing Support for SOX Sections 302 & 404

Since Oracle Hyperion Financial Management is generally a finance-owned and IT-supported application, HFM administrators have several responsibilities and requirements that they need to meet. Some are evidence-based activities (e.g. provide proof of how foreign-owned entities are translated and consolidated in the financial statements), and some are change control activities (e.g. ensure metadata updates of entities and/or accounts are approved by the accounting manager).

To support accounting for Sarbanes-Oxley compliance activities, use the SOX compliance checklist to see how HFM admins perform the following application support and change management tasks.

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What Does A Typical Hyperion FCM Implementation Look Like?


Think back to your last implementation or upgrade project. How many hours did your finance and accounting team devote to the project? How stretched were your IT resources? Did the implementation take so long that you were ready for an upgrade shortly after?

Budget, timeline, and company resources are all factors to consider when implementing new application solutions. The goal of implementing Oracle Hyperion Financial Close Management (FCM) is to equip the finance and accounting team with the necessary tools to optimize financial close and submission — while minimizing strain on client resources and delivering a quick turnaround time.

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On-prem vs. Cloud: Comparing FCCS and HFM

You’ve probably heard it before — Oracle Financial Consolidation and Close Cloud Service (FCCS) is not HFM in the cloud. Fortunately, Oracle EPM Cloud updates occur monthly, and FCCS is only getting better. In this blog post, we’ll show you the current differences between these two consolidation tools so you can answer the question, “to migrate to the cloud? Or not to migrate to the cloud?"

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5 Ways EPM Is Changing [2016 Forrester Report]

Last month, Forrester released a report on the 10 EPM providers that “matter most” and how they stack up. The key takeaways weren’t just the leaders in the field (Oracle Hyperion came out on top) but also Forrester’s research into how EPM technology is evolving.

The following five trends will show you what's on the horizon for your EPM applications.

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10 New Features in Hyperion Financial Close Management 11.1.2.4 Patch Set Update 200

In 11.1.2.4 patch set 4 update 200, several new features and enhancements make Oracle Financial Close Management faster, more powerful, and easier for both users and administrators.

The first application of its kind, FCM helps businesses manage all financial close cycle tasks, including ledger and sub-ledger close, data loading and mapping, financial consolidation, account reconciliation, tax/treasury, and internal and external reporting processes — any task associated with the extended financial close. FCM includes two modules, Oracle Account Reconciliation Manager (ARM) and Close Manager.

The following are highlights of the 200 update:

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FAQ: Account Reconciliation Cloud Service (ARCS)

The latest addition to Oracle’s suite of EPM Cloud products, Oracle Account Reconciliation Cloud (ARCS), is a robust solution for your reconciliation needs built using the capabilities of Account Reconciliation Manager (ARM). The cloud-based offering greatly reduces cost of deployment and administration, making a streamlined reconciliation process affordable for companies of all sizes.

ARCS allows you to view the performance of reconciliation in real time and ensures that all reconciliations prepared are properly qualified. We’ve compiled a list of the questions we get most often so you can decide if ARCS is the reconciliation solution you’re looking for.

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