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    Ilse De Vries
    Implementation FCCS - at former HFM customerAnswered
    Topic posted November 2, 2017 by Ilse De VriesRed Ribbon: 250+ Points, tagged Balance Sheet, Cash Flow, Consolidation, Dashboards, Data Integration, Dimensions, Eliminations, Income Statement, Intercompany, Locking, Supplemental Data, Task Manager, Tip, Translations 
    484 Views, 3 Comments
    Title:
    Implementation FCCS - at former HFM customer
    Summary:
    Can I use HFM data for my implementation of FCCS
    Content:

    Hi

    I'm having a first implementation of FCCS. recently started in the position.

    the customer uses SAP and also works with HFM. How can I use that info on HFM in my advantage for implementation / configuration? Ddoes anyone have a roadbook on this kind of implementation.  and wants to share?

    All hints and tips are welcome.

    Much appreciated
    Kind Regards
    Ilse

     

    Best Comment

    Ganesh Nellayappan

    Hi IIse,

    I don't think any road book available for this.

    There are slight difference between HFM and FCCS,

    HFM is free handle tool , but FCCS is bit constraint based as it built on PBCS with predefined dimension and member hierarchy.

    You can use the HFM data for your FCCS.

    Actually that should be your first start point and as this is the first source for your data collection.

    Some of the HFM features may not be available in FCCS, which may be added to FCCS over a period of time.

    Getting Started with Financial Consolidation and Close Cloud Service (FCCS) (Doc ID 2258853.1) => Videos on FCCS. (its also available in https://docs.oracle.com/cloud/latest/financial-consol-cloud/index.html)

    Please go through the Admin guide which have information on FCCS Application features.

    General Outline of the steps:

    1. Understand FCCS and its functionality

    2. Review the hierarchy of HFM  and functionality of HFM Application

    3. Compare and create a chart with features available in HFM & FCCS  and feature available in current HFM application which is currently not possible in FCCS.

    4  Create FCCS application and configure it based on the HFM Application.

     

    Regards,

    Ganesh Nellayappan

    Comments Are Closed

     

    • Ganesh Nellayappan

      Hi IIse,

      I don't think any road book available for this.

      There are slight difference between HFM and FCCS,

      HFM is free handle tool , but FCCS is bit constraint based as it built on PBCS with predefined dimension and member hierarchy.

      You can use the HFM data for your FCCS.

      Actually that should be your first start point and as this is the first source for your data collection.

      Some of the HFM features may not be available in FCCS, which may be added to FCCS over a period of time.

      Getting Started with Financial Consolidation and Close Cloud Service (FCCS) (Doc ID 2258853.1) => Videos on FCCS. (its also available in https://docs.oracle.com/cloud/latest/financial-consol-cloud/index.html)

      Please go through the Admin guide which have information on FCCS Application features.

      General Outline of the steps:

      1. Understand FCCS and its functionality

      2. Review the hierarchy of HFM  and functionality of HFM Application

      3. Compare and create a chart with features available in HFM & FCCS  and feature available in current HFM application which is currently not possible in FCCS.

      4  Create FCCS application and configure it based on the HFM Application.

       

      Regards,

      Ganesh Nellayappan

      • Rich Wilkie

        I would note that while we have predefined dimensions and hierarchies those are simply designed as enablers for OOTB functuonality.  You can always customize the aliases and add extra members, etc based on your own specific needs.  Often times you can add alternate hierarchies if you need changes to that. We do not recommend changing the order of  system members as they will revert back with the next monthly update. There was a Best Practices webcast done on this site in September which you should also review.

    • Ganesh Nellayappan

      Thanks Rich for adding on.

      IIse ,

      Please check following post from Rich which talks about tips and tricks in FCCS.

      EPM - Financial Consolidation and Close (FCCS): Tips and Tricks