Narrative Reporting

Enterprise Performance Management

Topic

    Reshma Kara
    Financial Reports(FCCS) vs Manangement Reports...
    Topic posted May 3, 2019 by Reshma KaraRed Ribbon: 250+ Points, last edited September 11, 2019 by Hemal KapasiBronze Trophy: 5,000+ Points, tagged Management Reporting, Narrative Reporting 
    109 Views, 8 Comments
    Title:
    Financial Reports(FCCS) vs Manangement Reports (EPRCS)
    Summary:
    Roadmap and best practice
    Content:

    Hi

    I would like to know if there is a roadmap for FR, will there be further enhancements on the cloud ? Is Management Reports in EPRCS an alternative or will this replace FR eventually.

    I am currently doing a scoping session for the client , they have approx. 250 FR reports. These reports cannot be migrated from HFM as they are rebuilding FCCS with a new chart of accounts.

    What would be best practice to redo these reports in FR or rather use MR in EPRCS?

    Please advise

     

    Comment

     

    • Dave Roberts

      Hi Reshma,

      While it's planned for FR to have minor enhancements overall, there are no plans for any major enhancements going forward.  Management Reporting (MR) is the strategic solution for reporting going forward.  However, please note that there are some FR parity features such as Books and bursting/scheduling that are still in-process for MR.  There are plans to include MR in the EPM platform as an alternative to FR, in the summer timeframe. 

      Please note that the standard Oracle safe harbor applies to all my statements above.

      Regards,

      Dave

    • Reshma Kara

      Noted.

      Thank you Dave

       

    • Michael Krichevsky

      @Dave Roberts.

      Hi Dave,

      Just came across this post and your answer... it is the closest to my question. so I was hoping to leverage your expertise. 

      We are implementing parallel FCCS and EPBCS and I am looking for clues on best practice on the reporting side...

      EPBCS will be used for Budgeting and forecasting and FCCS for consolidation. Does it make sense to load budget into FCCS or keep it just in EPBCS, so all the MR to be done from EPBCS and all Statutory reports produced out of FCCS.

      Any advice/leads/materials related to it would be appreciated.

      Thanks,

      Michael.

      • Dave Roberts

        Hi Michael,

        I think this is dependent on your reporting requirements and how deep they are.  If you need to just show Actual vs. Budget in a few formatted reports, with no need to show this Smart View or dashboards, then pulling in a column from each business process source might make more sense.  Here are a few relevant doc links from the MR designer guide:

        Using Formulas to Reference Other Grids in the Same Report
        About the Grid Point of View
        Point of View Examples

        If you need to query and interact with data from both business processes in Smart View and Dashboards, it might make sense to load data from one business process to another.  I can't speak to the data integration aspect of it, as that's outside of my expertise.

        Hope this helps.

        Regards,

        Dave

        • Michael Krichevsky
          Dave, Thank you for the prompt response.
          
          Based on what you said is it fare to say that FCCS has more robust reporting and dashboarding capabilities?
          
          Thanks,
          
          Michael.
          
          • Dave Roberts

            Hi Michael,

            I don't know if you are referring to Financial Close and Consolidation having more robust reporting, etc than Planning or Management Reporting/Narrative Reporting?

            Both business processes (Financial Close and Planning) can utilize FR, Smart View, Dashboards against the same data source its hosted on, not cross cloud. So, if you need that interactivity and specific dashboard features with data from both sources, it makes sense to load from one to another to combine them. In Smart View you can obviously use separate sheets to retrieve data from different sources and combine them via Excel formulas on a 3rd sheet.

            Narrative Reporting provides the workflow and framework for easily combining data and narrative in one solution, which the other business processes do not have.  Management Reporting has the cross-cloud reporting and other enhanced reporting features and authoring experiences over FR.

             Regards,

            Dave

            • Michael Krichevsky
              Dave,
              
              I was comparing FCCS to EPBCS.
              
              I'm trying to understand what would be the main reason to replicate Budget data in FCCS if reporting capabilities between two modules are identical.
              
              Thanks,
              
              Michael.
              
              • Dave Roberts

                Customers typically load data from one business process to another for reporting purposes.  For example, a report with Actual vs Plan data sourced from the different business processes.  If that's not what you are doing, then just using the reporting solutions on each business process should suffice without needing load data between them