25/02 Oracle Cloud EPM update

25/02 Oracle Cloud EPM update for Financial Consolidation and Close

Sarah Dow
Practice Leader – Financial Close

25/02 Oracle Cloud EPM update

What’s New!

The are some exciting new features in the 25/02 Oracle Cloud EPM February update but first a warning of a minor inconvenience. If you have a custom appearance using the Custom Light Theme with a white background the Cards are not visible, so change up your background image to a dark background and use the Custom Dark theme, I have logged a SR and will keep you posted once resolved.

New Features

Wait for it……..  25/02 Oracle Cloud EPM update

The long awaited ability to input direct into the YTD member in Financial Consolidation and Close is here!!

This is fantastic news for all consolidation and close clients. Rather than having to use 2 columns on a data input form to show YTD_Input  and YTD  you can now simply choose YTD to input and display the YTD value.  Although a simple thing, the impact on data forms will significantly simplify their maintenance. Previously, forms often appeared cumbersome and required additional Groovy coding to accommodate complex data form requirements. However, with this enhancement, such extra coding will rarely be necessary…music to my ears!

So, how do I turn on the new feature?

It’s an enablement feature that’s activated in each individual data form, allowing you full control over when you turn on the new feature and you can implement at your own pace.

To enable this feature simply edit the form, and navigate to the layout tab, then on the grid properties panel at the bottom you will find the Enable YTD data Input feature. Tick to turn on and then you can simply use the YTD member to input and view YTD values!

25/02 Oracle Cloud EPM update

New consolidation setting for calculated movements

There is a new consolidation setting allowing you to control how your default movement is calculated. It gives you control over how the Income accounts calculate the default movement using either Periodic or YTD, this is great news for clients who want to translate their movements YTD!

Check out the admin guide for full details on this feature.

https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/calculate_movements_rule.html

Until next time

Sarah