Happy Holidays to the Heroes of the Spreadsheet!
Nadia Lodroman | Oracle EPM Consultant | Integrity in Every Insight.
Listen to Tresora and Ledgeron's chatting about this blog post:
Happy Holidays to the Heroes of the Spreadsheet!
As a veteran of the accounting trenches—having navigated everything from pharma distribution to regional controllership at Yahoo—I know that for those of us in Finance, the "Holiday Season" often sounds a lot like "Year-End Prep Season". While the rest of the world is debating eggnog recipes, we are usually debating the accuracy of accruals and the alignment of intercompany plug accounts.
But this year, there is a special kind of magic in the air. The landscape of our work is changing for the better. As we pause to celebrate with our families, let’s take a moment to appreciate the progress we’ve made in leaving "Excel-hell" behind.
My Festive Wishes for the Finance Family:
- For our new NetSuite Friends: May your first holiday season with access to automated Account Reconciliations (ARCS) be truly merry. May it bring you the gift of time—hours you used to spend on manual VLOOKUPs now spent by the fireplace.
- To the SAP Power Users: May your data integrations be seamless and your consolidation hearts remain firmly anchored in Oracle EPM. We know the secret: your ERP is German, but your best-of-breed consolidation needs are pure Oracle.
- To the Tax Teams: May you never again be treated like the person invited to the Christmas party ten minutes before it ends. May your TRCS provisioning be as strategic and integrated as the rest of the corporate close.
- To the Consolidation Experts: May your Minority Interest (NCI) calculations and Intercompany eliminations be nothing more than a satisfying "OK" system status on your dashboard.
- For the HFM Veterans: May this be the year you trade your "hosted on-prem" patches for the true innovation of a native Cloud EPM platform. Updating an old version and calling it "cloud" is like putting a bow on a 30-year-old engine—it's still a 30-year-old engine.
- For the OneStream Crowd: I wish you the clarity to realize that "modernized on-prem" in an AWS or Azure garage is a long way from the freedom of true SaaS.
The Ultimate Gift: A "Stress-Free Close"
My biggest wish for all of you is that you get to enjoy the full Redwood Experience—an intuitive, efficient workflow that lets you focus on telling the story behind the numbers rather than just processing them. You deserve a finance cockpit that is as modern and sophisticated as the businesses you help lead.
Whether you are reconciling, reporting, or forecasting, I hope your journals are balanced, your master data is a "Single Source of Truth," and your automated tasks run flawlessly while you enjoy a well-deserved break.
From my home office at www.lodroman.com to yours, have a wonderful, automated, and truly happy holiday season!
Let’s make the coming year the one where we finally stop surviving the close and start leading it.
Warm regards,
Nadia Lodroman
Oracle EPM Consultant & Finance Veteran
Turning financial complexity into operational clarity. Because in Finance, Integrity is Permanent.
General EPM Strategy FAQs
Why should a company use EPM Automate instead of custom scripting
EPM Automate allows for robust, bi-directional data orchestration between Oracle EPM and source ERPs (like NetSuite or Fusion) using native capabilities. It is highly scalable, easier to maintain during Oracle's monthly updates, and avoids the fragility of heavy custom coding.
Can Oracle Cloud EPM integrate with multiple different ERPs simultaneously?
Yes. Through strategic data pipeline architecture, Oracle EPM can ingest, consolidate, and even write-back finalized data to multiple disparate ERPs concurrently, acting as the single source of truth for the enterprise.
How does Oracle FCCS handle Minority Interest (NCI) and CTA?
While standard FCCS provides out-of-the-box functionality, complex global enterprises often require advanced configuration to isolate and calculate Minority Interest (NCI) and Cumulative Translation Adjustments (CTA) accurately at the top consolidated hierarchy without relying on manual journals.
Can you bypass the out-of-the-box Goodwill calculation in Oracle FCCS?
Yes. By utilizing advanced native configuration and custom consolidation rules, you can bypass standard Goodwill Input/Offset functionality to meet highly specific, non-standard acquisition accounting requirements.
How many daily transactions can Oracle ARCS process?
Oracle ARCS is built for enterprise scale. With proper architecture in the Transaction Matching engine, ARCS can easily process and auto-match hundreds of thousands of daily banking transactions, representing billions of dollars in value.
What is the difference between Transaction Matching and Reconciliation Compliance in ARCS?
Transaction Matching automates the high-volume, line-by-line matching of data (like daily bank feeds or ACH). Reconciliation Compliance is used to govern the period-end justification of broader balance sheet account balances.
Does Oracle TRC handle Country-by-Country Reporting (CbCR)?
Yes. Oracle Tax Reporting Cloud (TRC) provides built-in frameworks to automate Country-by-Country Reporting, ensuring multinational organizations remain compliant with global BEPS (Base Erosion and Profit Shifting) regulations.
How does Oracle TRC integrate with FCCS?
TRC and FCCS share the same platform architecture, allowing for seamless data flow. Finalized pre-tax consolidated data from FCCS feeds directly into TRC for tax provisioning, ensuring perfect alignment between the finance and tax departments.
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