© 2015-2024. MindStreamAnalytics.com

Oracle Analytics Cloud

Journey to the Center of OAC

I hope you caught the Journey to the Center of the Earth play on words!

OAC, Oracle Analytics Cloud , also commonly referred to as Essbase in the cloud (but it's not just Essbase!), is having its first anniversary. To celebrate, I'm starting a series of blog posts uncovering the ins and outs of the platform. Note that while OAC comes bundled with a set of exciting BI products (see additional blog ), this series will mostly focus on the Essbase side of things.

In this first post, I would like to reiterate some of the features that caught my attention when I first heard of OAC. I'm noticing a trend in the cloud where any new features being introduced are more geared towards making administration and daily usage easier , as opposed to very specific use cases only benefit a small group of people.

Cube Designer

The Cube Designer is a one-stop shop to backup, document and modify your cubes offline, all in one. Cube Designer allows you to export any application to an Excel workbook into an easy to read and ready for documentation format. It not only saves you the time by documenting your applications in a ready to present format, you can use the same file to modify your application offline and re-upload it, or simply to back it up. Three different processes combined!

Data Visualization

Already breaking my rule here of sticking to Essbase topics only, but the fact that Essbase comes bundled with ready to go additional analysis tools is pretty cool.

OAC comes with two ready to use tools for data visualization , which allow users to create their own visually impactful reports and dashboards. Never has Essbase come bundled with such powerful, user-friendly reporting and dashboarding. Users are now able to intuitively put together their own reports, cutting on the need for an administrator or reporting expert to build them.

Sandboxing

Sandboxing allows every user to have a " play area " for what-if analysis that no other non-admin users have access to. In the past, most people have done this by adding a handful of draft or what-if versions, at the risk of:

  • Affecting database performance by exponentially increasing the size of a database.
  • Users overwriting each other's drafts if not enough versions are available for everybody's use.

The new cloud sandboxing feature does not have an intrinsic performance risk because it only stores the differences between the base data and the sandbox data. Once a user is satisfied with their sandbox data, they can write back their changes to the version everybody has access to. Plus, it only requires a one-time setup, reducing:

  • The effort an administrator has to put in to accommodate what-if version setup and data copy requests.
  • The wait time on the user side for "what-if" versions to be ready. Sandboxes are ALWAYS ready.

Stay tuned for more Journey to the Center of OAC blogs!

Partner SpotLight

Oracle

Oracle has the most comprehensive suite of integrated, global business applications that enable organizations to make better decisions, reduce cost..

Oracle Profile

Our Company

MindStream Analytics' senior staff was there at the birth of Business Intelligence. We have been part of building Business Intelligence nationally from its humble niche product status to the ubiquitous analytic tool that it is today. MindStream consultants are well versed in reporting and information management and are ready to help you leverage the power of multiple tier-1vendors. From Oracle Hyperion to IBM Cognos, we can help you select and integrate the right tools for you to better understand your information. MindStream Analytics has experience across a wide variety of industries: Business Services, Consumer Products, Energy, Financial Services, Healthcare, Manufacturing, Transportation , and Telecommunication. We have the depth and breadth of experience to help you deliver actionable information to users.

Whether you need an enterprise wide Oracle BI Enterprise Edition (OBIEE) rollout, an Oracle BI Apps rollout, or an IBM Cognos ReportNet rollout, MindStream Analytics is here to help you succeed.

Case Studies

Accumen

Thanks to the intervention of MindStream Analytics, Accumen's Finance department can now model their business with a new, more organized structure that isn't conventionally available in NetSuite.

Acme Brick

Acme Brick turned to MindStream Analytics for help implementing OneStream to replace their outdated TM1 solution.

Alterra

Alterra sought the expertise of MindStream to address the challenges they faced in their Capital Planning process.

ATCO Group

Energy conglomerate ATCO operates worldwide in utilities, power generation, and related services.

Avalon

Working with MindStream Analytics, Avalon Healthcare Solutions adopts NetSuite Planning and Budgeting to accelerate budgeting and forecasting processes.

Bayer Health Care

Bayer Healthcare implemented Hyperion Planning and Workforce Planning in 10 weeks to dramatically streamline their Income Statement budget and Workforce Planning process..

BluEarth

MindStream Analytics' partnership with BluEarth Renewables epitomizes the power of technology and collaboration.

Celgene

An Oracle Hyperion Planning Upgrade provides multi-national organization Hyperion Application optimization and stabilization.

Cleaver Brooks

OneStream XF was chosen as the platform that would transform Cleaver-Brooks' Finance processes.

CoorsTek

The collaboration between CoorsTek and MindStream resulted in significant improvements in CoorsTek's financial consolidation and reporting processes.

Elite Body Sculpture

MindStream Analytics' collaboration with Elite Body Sculpture encapsulates the transformative potential of targeted tech solutions in streamlining administrative processes.

Enlyte

Enlyte, a merger of Mitchell, Genex, and Coventry, faced challenges with disparate financial solutions and the need for combined reporting.

Flanders

MindStream Analytics collaborated with Flanders to implement OneStream Consolidation and Reporting solution.

Foley Products

Foley Products was facing a significant challenge with its Excel-based actual management reporting system.

Harte Hanks

The collaboration between MindStream Analytics and Harte Hanks culminated in a highly customized, user-friendly NetSuite implementation.

Interface

Interface used a complex, manual, excel-based FP&A process for monthly review, and the summary data was loaded in OneStream.

Kymera International

Thanks to Mindstream Analytics' assistance, Kymera was able to load all of their data into OneStream and validate it successfully.

MacLean Fogg

MacLean-Fogg partnered with MindStream, a leading implementor specializing in modernizing and optimizing enterprise systems.

MEPPI

MindStream's expertise and experience were sought to conduct a vendor selection initiative focusing on MEPPI's F2023 planning process.

OUAI

MindStream Analytics and OUAI's collaboration showcases the transformative power of strategic technological intervention.

Plaskolite

By migrating to OneStream, Plaskolite has achieved a material reduction in consolidation time and overall Financial Close cycle, eliminated the hours spent compiling and verifying data in Excel, streamlined its Planning, Budgeting and Forecasting model and delivered flexible and timely reporting that enables more strategic analysis of their financial data.

Redwire

Understanding the nuances of Redwire's challenges, MindStream Analytics devised a holistic approach to overcome them. The implementation of NetSuite was just the beginning.

Simon

Simon's existing corporate Hyperion Financial Management (HFM) production application was consolidating at a rate of seven hours, a performance issue causing great headache to corporate Accounting.

Source Code

The successful transition to OneStream revolutionized Source Code's financial reporting.

Subway

Subway collaborated with MindStream Analytics for the NetSuite Analytics Warehouse implementation.

UPenn

MindStream Consulting and AppCare team members are proud be working side by side with UPenn university in accomplishing this implementation and along with continuing our AppCare services after go-live.

USG

USG was an Oracle Hyperion customer realizing that it needed more specialized support for its various Oracle Hyperion applications.

Vantiv

Dividing a hyperion planning application, expanding the hyperion footprint to forecast on the business? Customer categories.

Versant Health

Versant Health engaged MindStream to help resolve the challenges they were experiencing with their consolidation, close, and financial reporting processes.

Virginia Spaceport Authority

The MindStream team implemented the Standard + Workforce NetSuite Planning & Budgeting.

WeWork

MindStream Analytics determined that the best solution was to implement Oracle Essbase Cloud as part of the Oracle Analytics Cloud (OAC) platform-as-a-service

WindStream

Innovative use of essbase to streamline and connect hyperion financial management for enhanced financial analysis.

XY Planning

MindStream Analytics, well-versed in addressing such challenges, presented a comprehensive Netsuite solution for XY Planning.

Related Links