Although specific corporate close processes vary company-to-company, one common theme amongst our clients is the need to get it done faster. Our experience has shown that focusing on 5 major areas of the close can do just that. Read more to find out how you can trim down your corporate close and get back to a 9 to 5!
“Platform Specialists differentiated themselves from other consulting firms by tackling an EPM/Financial reporting problem with real life experience. Platform listened to our pain points, worked with us, and shared their extensive technical know-how to deliver a dynamic, flexible, and sustainable application…”
The much-anticipated arrival of Extended Dimensionality in Oracle’s Financial Consolidations and Close Cloud (FCCS) is here, now allowing up to four custom dimensions in FCCS applications. Read more to get our quick take on this enhancement release.
In many organizations, viewing and presenting data on a Rolling Twelve-Month (R12) basis is an essential part of their analysis, as well as the reporting process. For those that are used to working with Hyperion Financial Management (HFM) and have this requirement, you know that it can be cumbersome to fulfill this reporting objective.
“Working with several IT teams to source, map, and load multiple sets of data to a target HFM application, we were able to replace a very manual file-based load with a neatly packaged process that sends data directly from the source to the target.”
Have you ever heard of the quote, “Less is more”? In the case of data, this is not true. In today’s business environment, data is abundant. Everywhere we look, businesses are either talking about or analyzing data; and for good reason. Data is critical to the success of any business, in any industry. So, when we talk about data, actually, “More is more”!
“As our business grows, both in terms of size and complexity, Platform Specialists provides us with the support to create a reporting structure that meets the ever increasing demands for accurate and timely financial information from our various operating systems.”
Clients frequently ask us what constitutes a “leading practice” financial budgeting and planning system. While there is rarely a one size fits all answer, there are key areas of consideration that separate organizations with more mature systems from those just starting out. We’ve listed our top 5 here.
This post goes out to all the Finance people that chose a life without audit and CPA requirements. For all of you who had to sit in meeting after meeting listening to people gripe about External Reporting and US GAAP and IFRS and Actuals, Actuals, Actuals!