FAQ: Oracle Financial Consolidation & Close Cloud Service (FCCS)
What is Fccs?
FCCS is an out-of-the-box consolidation solution with 11 predefined system dimensions and two custom dimensions, while HFM has unlimited custom dimensions. FCCS also has standardized features, such as entity and account hierarchies, as well as calculations and reports.
What is the difference between HFM and Fccs?
HFM allows for multiple environments (e.g., Test, Development, QA, Training, Production, etc..). FCCS allows for 2 instances known as "pods" (Test and Production), each hosting a single application. URLs for additional applications or instances of applications require additional purchase.
What is Oracle financial consolidation and close?
Financial Consolidation and Close is a purpose-built business process available in the Oracle Fusion Cloud EPM for both effectively and efficiently managing the consolidation and close, end to end.
What is the use of Fccs?
FCCS helps close our books quickly and efficiently. We now have an end-to-end solution that gives us the visibility of the entire close and consolidation process. This centralized cloud application provides us with access to our tasks, data, and metrics anywhere with an Internet connection.
What is Oracle FCC?
Oracle Financial Consolidation and Close Cloud (FCC) is a reliable consolidation solution in the cloud. The consolidation software is based on Hyperion's reliable consolidation and reporting expertise, which is already proven worldwide with on-premises products like Hyperion Financial Management (HFM).
Is Hyperion the same as HFM?
Hyperion Financial Management (HFM) is part of Oracle's on-premise Hyperion EPM software suite and is often utilized with Hyperion Financial Reports and Web Analysis to provide top notch reporting and graphical capabilities, including Dashboards.
What is Fccs Hyperion?
FCCS Features, Benefits, Migration Considerations. Oracle Hyperion Financial Management (HFM) Oracle Hyperion Financial Management is a comprehensive, Web-based application that delivers global financial consolidation, reporting, and analysis in a single, highly scalable software solution.
What is financial consolidation and close?
Consolidation and close is the process of collecting and combining data from different activities, departments, or business activities so that they may appear in financial statements like the income statement, balance sheet & cash flow statement.
What is Oracle financial reporting?
Oracle Financial Reporting Studio is used to create financial reports based on the GL balances cube data. From the account group, use the Sunburst visualization tool to interact with your account balances across business dimensions to view balances from different perspectives.