Oracle Financial Consolidation and Close Cloud Service (FCCS) is the latest evolution of Oracle’s market-leading Financial Close Suite. What makes it different than Hyperion Financial Management (HFM)? A lot! We delivered a side-by-side review of FCCS and HFM. If you’re a customer of Hyperion Enterprise, HFM, or non-Oracle financial reporting packages evaluating alternative solutions, you will gain a much deeper understanding of Oracle’s strategy in the consolidation and close domain. Discussion included: -Functional and technical comparison of FCCS and HFM (Dimensions, Rules, Reporting, etc.) -Migration considerations/best practices -Product direction from Oracle

1. Oracle FCCS: A Deep Dive

2. Santhosh Nair
GM, Enterprise Performance
Management
santhosh.nair@perficient.com
Tony Coffman
Director, Enterprise Performance
Management
tony.coffman@perficient.com

3. 3
About Perficient
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8. Oracle FCCS: A Deep Dive

9. 9
Agenda
Financial Consolidation and Close Cloud Service
• Background
• Close Management
• Dimensions & Metadata Management
• Data Management
• Consolidation Logic
• Translations
• Roll forwards
• Historical Overrides
• Intercompany
• Reporting
• Audit
• Security
Looking Ahead
Migration Considerations
Q&A

10. 10

11. 11
Financial Close Suite
Account
Reconciliation
Manager
Hyperion
Financial
Management
Financial
Consolidation
and Close
Cloud
Account
Reconciliation
Cloud
Close
Manager
Financial Data Quality Management EE
Supplemental Data Manager
Financial Consolidation and Close Cloud Service

12. 12
Home Screen

13. 13
Navigator Menus

14. 14
Close Management

15. 15
Close Management

16. 16
Close Management

17. 17
FCCS
• FCCS includes Close Manager: task
assignments, due dates, notifications, and
compliance dashboards. It does NOT include
Account Reconciliation Manager.
• FCCS allows administrators to Lock and
Publish data. Process control not GA.
• Group or Entity consolidations can be
delegated to controllers via security groups.
Close Management
HFM
• HFM close procedures can be grouped into
Task Lists by functional role. Can’t monitor
the completion of steps in a Task List.
• HFM has basic workflow with the Process
Control feature. If enabled, entities must
pass controls – Not Started, Submitted, Under
Review, Approved.
• If Process Control is not enabled, you can still
Lock and Publish data when the close is
complete.
• Group or Entity consolidations can be
delegated to controllers using security
classes.

18. Dimensions and Metadata
Management

19. 19
FCCS
Standard Dimensions
– Scenario
– Year
– Period
– Entity
– Account
– Intercompany
– Consolidation
– View
Custom Dimensions (max 2)
– Multi-GAAP
– Custom1
– Custom2
Dimensions
HFM
Standard Dimensions
– Scenario
– Year
– Period
– Entity
– Account
– ICP
– Value (includes currencies)
– View
Custom Dimensions
– Custom1 (also Source Currency)
– Custom2 (also Target Currency)
– Custom3
– Custom4
– CustomN…
– Data Source
– Movement
– Currency

20. 20
FCCS
Consolidation
FCCS_Contribution
FCCS_Elimination
FCCS_Proportion
FCCS_Entity Total
FCCS_Entity Input
FCCS_Entity Consolidation
Currency
No Currency
Input Currencies
Reporting Currencies
Entity Currency (stored)
Parent Currency (stored)
Consolidation
HFM
Value
[Contribution]
[Elimination]
[Proportion]
<Parent Currency> (pointer)
<Entity Curr Total>
<Entity Curr Adjs>
<Entity Currency> (pointer)
USD
GBP
CAD
...

21. 21
FCCS
Data Source (System)
FCCS_Data Input
FCCS_Journal Input
FCCS_Supplemental Data
FCCS_Intercompany Eliminations
….
Movement (System)
FCCS_ClosingBalance
FCCS_TotalOpeningBalance
FCCS_Mvmts_Total
FCCS_CashFlow
FCCS_CashChange
Customs
HFM
Origin/SourceType, etc. (Custom)
GL
Journal
DataForm
Eliminations
….
Movement/Flow/RF, etc. (Custom)
ENDBAL
OPEBAL
ACT
CTA
….

22. 22
Accounts
Balance Sheet
Time Balance  Flow
– All Balance Sheet accounts use the Flow
Account type, since they all have a Movement
member associated with them to show the
change for the period
Data Storage
– Parent  Dynamic
– Level 0  Never share

23. 23
FCCS
• Import files
• Dimension editor
• Smart View
1. Connect
2. Add/Modify and Submit Data
3. Refresh Database
HFM
• Classic  HFM Client (.xml/.app)
• EPMA  Dimension Library (.ads)
• Data Relationship Management
Metadata Management

24. 24
2
1 3
Metadata Management

25. Data Management

26. 26
Data Management

27. 27
FCCS
• Does not support custom VBScript/Jython scripting
• Data Management does not support DIRECT
integration with on-premise ERPs; file-based only
• Data Management can DRILL BACK to on-premises
ERPs if they support URL queries
• Supports lights out processing with EPM Automate
utility
HFM
• Basic import/export data files in HFM-ready
format.
• Financial Data Quality Management Enterprise
Edition (FDMEE) for sophisticated mapping,
automation
• FDMEE enables direct integration with Oracle
ERPs (E-Business Suite, JD Edwards,
PeopleSoft). Typical drill-back level is GL
transaction. An open database is available for
integrating non-Oracle ERPs
• FDMEE supports scripting for advanced file or
workflow requirements
Data Management

28. 28
Supplemental Data

29. 29
FCCS
• FCCS includes Supplemental Data Manager with
the subscription
• Link Supplemental Data forms to intersections in
FCCS, i.e. Inventory
• Design forms to extend and gather additional detail
about the account
• Assign Preparers, Reviewers, Integrators
• Integrators post the Supplemental Data to FCCS
• From FCCS forms, drill through to Supplemental
Data form for supporting detail
• Report on the status of supplemental data
collection by entity, data set, form template, etc.
HFM
• HFM has no out-of-box data review or input
forms
• Used to review summary level data or collect
supplemental data (such as exchange rates,
operational measures, sub-account detail)
which are used for automated cash flows, BS
roll forwards, linked detail PPE form > Asset
Purchases form, etc.
• Included as steps in a Task List, but they are
not trackable in a “Workflow”
Supplemental Data

30. 30
Journals

31. 31
FCCS
• FCCS includes the Journal module with
workflow – Submit, Approve, Post, Unpost
• FCCS does not support recurring,
reversing, or automatic journal types. This
is on the roadmap.
• FCCS includes journal reporting, with
ability to filter by journal group, date, and
so on
• Can report on Journal history
HFM
• HFM has a full journal module with
workflow – Submit, Approve, Post, Unpost
• HFM journal types are balanced/un-
balanced, single/multi-entity, recurring,
auto-reversing, etc. You can create journal
templates for common entries.
• HFM has journal reporting, with ability to
filter by journal group, date, and so on.
Journals

32. Consolidation Logic

33. 33
Net Income To RE Roll Forwards
Translations IC Eliminations
Equity OverridesFX Impact
Consolidation Logic

34. 34
Net Income to Retained Earnings

35. 35
Translations
• Must create all rate accounts
• EOMRate  Balance Sheet
• AverageRate  Income Statement
• Ability to create spot, historical, weighted
average rates
• Custom translations
• Sub Calculate
• Sub Translate
• Default rate accounts
• Three forms for Exchange Rate entry
• Single period
• Multi-period
• Computed rates
• Opening Balance
• Closing Balance prior period
• FX Impact
• FX_Opening
• FX_Movement
• Mvmts_FX_to_CTA
HFM FCCS

36. 36
FCCS
• Out of the box
• Periodic, QTD, and YTD views are available
• Works for both functional and translated values
HFM
• Not out of the box
• Rules need to be created
• Custom dimension is used to support it
Roll Forwards

37. 37
Roll Forwards

38. 38
FCCS
• Out of the box
• Available for all reporting currencies
• Data form available for data entry for
rate/amount override
• Alternatively you can create your own SV
or data form
HFM
• Not out of the box
• Custom dimension is used to support it
• Rules need to be created
• Depending on the implementation method
the amounts may need to be entered each
month
Historical Overrides

39. 39
Currency Dimension
Consolidation Dimension
Historical Overrides

40. 40
FCCS
• Out of the box for first common parent
• Additional elimination options are in the
road map
• Will mainly be managed through the user
interface
HFM
• Out of the box for first common parent
• Additional rules need to be created for non
standard eliminations
• Sub Consolidate
Intercompany

41. 41
Intercompany accounts:
• Intercompany Account
– IC_Acc_Yes
• Plug Account
– NOTERECPAYELIM
• Is Plug Account
– Plug_Acc_Yes
Intercompany

42. 42
Is ICP = Y
Plug Account = NOTERECPAYELIM
17210 = IC Note Receivable
24210 = IC Note Payable
Intercompany Account = IC_Acc_Yes
Plug Account = NOTERECPAYELIM
17210 = IC Note Receivable
24210 = IC Note Payable
FCCS
HFM
Intercompany Eliminations

43. 43
Intercompany Matching Report

44. 44
FCCS
• Predefined report format with Entity and
Partner transaction side-by-side. Easier to
read.
• Supports matching tolerance – amount and %
specification
• Supports multiple Intercompany Plug
(“Balancing”) accounts. Report is generated
based on Plug Account selection.
• Does not have a Transaction Matching
module. (See Account Reconciliation Cloud
Service)
• Flexible output format – HTML, PDF, XLS
HFM
• Predefined report with Entity and Partner
transaction row-by-row. Difficult to read.
• Supports matching tolerance – amount and
% specification
• Supports multiple Intercompany Plug
(“Balancing”) accounts. Report is generated
based on Plug Account selection.
• ICP Transaction Matching module to
load/match sub-ledger trans. (Rarely used.)
• Flexible output format – HTML, PDF, XLS
Intercompany

45. 45
FCCS
• Uses Essbase consolidation operators
(+ - * /) to control account consolidation
• Consolidation logic is pre-configured
• Does not support proportional
consolidations or automated equity pickup
and eliminations. This is on the roadmap.
• Includes pre-built metrics and KPIs out of
the box
• Includes calculation “proof” forms for
Consolidation Path, Opening Balances,
Retained Earnings, and Overrides
• Offers limited custom calculations. This is
expected to expand in Summer 2017.
HFM
• HFM uses Account Types (Asset, Liability,
Revenue, Expense) to control account
consolidation
• HFM has default consolidation logic, but
100% of applications have additional VB
code for common requirements, such as
Net Income to Retained Earnings roll
• HFM supports proportional consolidations,
automated equity pickup, and equity
eliminations (with VB code)
• HFM has no pre-built metrics or KPIs, but
these can be added
Consolidation Logic

46. 46
Auditing

47. 47
Consolidation Proof

48. 48
FCCS
• Smart View for MS Office integration
• FCCS includes pre-built summary financial
statements (IS, BS, CF). Additional reports
can be defined using the Financial
Reporting Web Studio.
• FR reports can be grouped into “books” for
distribution
• Pre-built dashboards for Financials, Close
Overview, Close Compliance. Additional
dashboards can be made
• FCCS reports are interactive and viewable
via web browser or mobile device
• Static reports can be distributed in
PDF/Excel format
HFM
• Smart View for MS Office integration
• Does not include any pre-built financial
statements. These must be created to
specifications.
• FR reports can be grouped into “books” for
distribution
• Reports are interactive and viewable via
web browser. Static reports can be
distributed in PDF/Excel format.
• No pre-built dashboards
Reporting

49. 49
Reporting

50. 50
Reporting

51. 51
FCCS
• FCCS requires no investments in hardware
infrastructure. Two desktop clients:
• EPM Automate
• Smart View add-in
• FCCS patches are applied by Oracle on
the 1st Friday (DEV) and 3rd Friday
(PROD) each month
• FCCS includes automated snapshots to
the cloud. These must be moved to
permanent storage for disaster recovery
• FCCS security can be integrated with
Active Directory
HFM
• HFM requires significant investments in
hardware infrastructure and maintenance
• Up to three clients:
• HFM Client
• Smart View add-in
• Financial Reporting Studio
• HFM patches are applied by the customer
• Application backups using Lifecycle
Manager
• Operating System/Database backups
must be managed by the customer
• HFM security can be integrated with Active
Directory
Infrastructure

52. 52
Security

53. Looking Ahead

54. 54
The following is intended to outline Oracle’s general product direction. It is intended for information
purposes only, and may not be incorporated into any contract. It is not a commitment to deliver
any material, code, or functionality, and should not be relied upon in making purchasing decisions.
The development, release, and timing of any features or functionality described for Oracle’s
products remains at the sole discretion of Oracle.
Oracle Safe Harbor Statement

55. 55
Recent Highlights R&D Underway Looking Forward
• Alternate hierarchy support (full
accounting treatment)
• Ability to use Close Manager and
Supplemental Data Manager
Standalone
• Tight integration with Financials
Cloud including drill back
• Configurable translations
• Config calculations and
consolidations
• Extend custom dimensions
• Adv. Consolidations (similar to
Manage Ownership in HFM)
• Manage ownership
• Proportional consolidations
• Equity eliminations
• Org by period
• Ownership register
• Integrated EPM Business Processes
• Process Control
• Close Manager
• Monitoring tasks
• Cloud integrations
• Supplemental Data Manager
• Integrations to on premises
• Journal Entry Module
• Integration with any ERP
• Recurring and auto-reversing
• Single click create
• Adv. Consolidation
• Automatic journaling
• Data lineage
• Automatic consolidations
• Event based alerts
• Integrated XBRL from EPRCS
• HFM Migration Toolkit
Oracle EPM Cloud: FCCS

56. 56
1. Calculation Manager will be opened up to
allow users to create business rules that
can be executed at predefined points within
the default consolidation process.
2. The library of predefined rules will be
expanded to support common operations
like Copy, Clear etc.
3. POV specific translation mechanism will
be supported.
Custom Calculations

57. Migration Considerations

58. 58
Migration Considerations
Proof of Concept Reqs/Design Build/Data Testing Parallel
 Configure FCCS
instance
 Create Entities and
Accounts
 Map historical data
 Repeat with new
settings, as needed
 Solution design
 Task-level project plan
 Finalize integration settings
and file specifications
 Convert all history
 Build new interfaces
 Develop reports/forms
 Create supplemental data
forms
 Create Close Manager
schedules, task,
assignments
 Deliver training
event(s)
 Perform all data
validation
 Perform system
integration testing/
user acceptance
 Track and resolve
issues
 Test scripts
 Migrate FCCS app to
Production instance
 Parallel month, quarter
 Cutover
 Administration guide Issue log
 Reqs inventory
 Map/gap business
process to FCCS
 Create design
document and review
with business and IT
 Finalize work plan
Phase
Tasks
Artifacts  Readiness assessment

59. 59
Opening Balances:
• Dec FY11 FCCS_Retained Earnings Prior Year
Data Loads

60. 60
Opening Balances:
• Jan FY12  FCCS_OpeningBalanceAdjustment
Data Loads

61. 61
Historical Data:
• Smart View
– Capture activity between periods in HFM at <Entity Curr Total> for each base entity
Data Loads

62. 62
Current-year Data:
• Data Management
1. File-based loads with periodic
activity
2. Create load locations
3. Create import formats
4. Create data load mappings
- Account/Movement
Type Source Value Target Value
Like ??.10195 FCCS_Mvmts_Cash
Like ??.11010 FCCS_Mvmts_AccountsReceivable
Like ??.11110 FCCS_Mvmts_OtherCurrentAssets
Like ??.11200 Mvmts_Intercompany
Data Loads

63. Questions
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64. 64
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