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Oracle EPM & BI Blog

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 Patch Set Update 200

In 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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Account Analysis Reconciliation in Oracle Hyperion ARCS & ARM


Oracle Hyperion's reconciliation solutions provide two different methods: balance comparison and account analysis. In a previous blog post, we covered the balance comparison method and how ARM and ARCS enable auto reconciliation of balance comparison accounts. The account analysis reconciliation method will be discussed in this blog.

Account analysis is the reconciliation method that requires a balance explanation for balance sheet accounts for an accounting period. Examples of an account analysis reconciliation include accounts receivable, accounts payable, and fixed asset reconciliations.

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Balance Comparison Reconciliation in Oracle Hyperion ARCS and ARM

As the latest offering in Oracle Hyperion’s cloud-based solutions, Oracle Account Reconciliation Cloud Service (ARCS) enables mid-sized companies with limited IT resources to leverage technology to integrate their ERP and automate reconciliations. Oracle’s on-premises alterative is Account Reconciliation Manager (ARM). ARCS looks and functions like the version of ARM, with a few exceptions.

Overcoming the knowledge gap before the start of design sessions is key in kicking off a successful Oracle Hyperion ARCS or ARM implementation. A large part of the discussion revolves around how the reconciliation process works in an integrated application. Taking time for knowledge transfer in this stage of the project allows for productive design sessions and enables the company to explore ways to enforce their accounting policy with the technology that Oracle Hyperion ARCS and ARM offers.

First, let’s take a look at the nuts and bolts of the reconciliation process and how ARCS and ARM can help.

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Introducing Oracle Account Reconciliation Cloud Service: How Is ARCS Different From ARM?

Account Reconciliation Cloud Service (ARCS), the most recent addition to Oracle’s suite of EPM cloud products, is now available! Boasting the sophisticated functionality of its on-premises counterpart, Oracle Account Reconciliation Manager (ARM), ARCS adds in the advantages of the cloud — dramatically reducing the time and cost of deployment and administration.

ARCS is a great option for many reasons:

  • Low monthly per user license cost
  • Minimal hardware investment for a hosted solution
  • Minimal client IT resource involvement
  • Oracle application support

ARCS looks and functions like the version of ARM; however, there are a few noticeable differences.

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The Biggest Mistake That Hyperion FCM Users Make

A ship in the harbor is safe, but that is not what ships are built for. Ships are made for a purpose — just as Financial Close Management was built to serve the purpose of streamlining your financial close process.

Where is your organization in the close process? Are you working harder at close, or can FCM work harder for you? Hyperion Financial Close Management can help you manage all financial close cycle tasks, including ledger and subledger close, data loading and mapping, financial consolidation, account reconciliation, supplemental schedule management, tax/treasury, and internal and external reporting processes. It will monitor any task associated with the extended financial close.

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Planning to Go Public? The Critical Role of Finance & Accounting

It’s no secret that IPOs require a lot of preparation, yet most companies still underestimate the amount of time it takes. Many end up delaying their target date. Conventional business wisdom says that your organization should act and operate like a public company for at least a year before the IPO event — but did you know that your finance and accounting processes should be upgraded and in place two years before going public?

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IFRS Adoption Status in the U.S. — Inevitable or Unlikely?


As 2015 draws to a close, we wanted to provide updates on International Financial Reporting Standards (IFRS) and its adoption in the U.S.

In the early aughts, it seemed more a matter of when than if the U.S. would adopt IFRS, but recent pronouncements indicate that the U.S. is further away from adopting the accounting standards.

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