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Case Study: Better Performance with DSO in Cloud Consolidations at Boardwalk Pipeline

Are you loving your Oracle Financial Consolidation and Close application but think the performance could be better? Then you are going to be very glad you are here right now!

Cloud computing has revolutionized the way that companies of all sizes and industries do business, including the financial consolidation & close process. So, it is not a surprise that Oracle’s consolidation application in the cloud EPM suite has done very well with customers. Although FCC provides several enhancements like the addition of the Data Source and Movement dimension, configurable calculations and translations, and Ownership Management, Boardwalk experienced a decline in performance related to consolidation and data retrievals times in comparison to the HFM on premise application.

To optimize performance in these areas, in August 2021 Oracle EPM Cloud introduced a capability to create new or migrate existing FCC application to a Dense-Sparse optimized application.

Come hear from us about our experience with the successful DSO conversion of our FCC application.

In this session we will discuss how a DSO conversion of the FCC application was successfully implemented for Boardwalk Pipelines. We will cover the following:

1. Current state and architecture of BWP Consolidation application
2. Close process, loads and consolidation times
3. Need for performance improvement
4. DSO Conversion process
5. Challenges in optimizing calculations using member formula and rules
6. Key benefits of DSO
7. Important lessons learned
Crest 4
June 27th 01:45 PM
June 27th 02:45 PM
Financial Close
Financial Consolidation
Case Studies
Accounting Professional, Finance Management (Director, Controller, VP), EPM Jack of all Trades Consultant, Financial Close Consultant, Financial Systems Analyst / Administrator

About the speaker:

Blake Hood
Sr. Accounting Analyst
Boardwalk Pipelines

About the co-speaker:

Priyakant Rami

I have over twenty years of experience in IT, including infrastructure design, systems development, and EPM implementation in a variety of industries. In various positions I have covered installation, configuration, upgrades, and maintenance of Oracle EPM products on all major combinations of operating systems and database management systems. I have performed duties of lead architect on multiple enterprise-scale cloud EPM implementations, including all EPM cloud products from master data to enterprise reporting tools.