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