Financial Consolidation and Close Cloud Service (FCCS) is among the latest of Oracle Enterprise Performance Management (EPM) Cloud offerings
FCCS (Financial Consolidation and Close Service) is Oracle's cloud solution that incorporates functionality from two of their leading software solutions for the office of the CFO - Hyperion Financial Management (HFM) and Financial Close Manager. Providing an end-to-end solution for both effectively and efficiently managing consolidation and close, FCCS helps to ensure that processes are dependable and correct, timely and transparent, streamlined and efficient and, compliant and auditable.
Other consolidation solutions can be overly complex and require features and functionality that are not needed or are too basic and require customization. You can leverage out-of-box financial consolidations with pre-built cash flow, balance sheet, and income statement, which accelerate close schedules and improving ease of use.
Out-of-box content is a framework that can be tailored quickly to specific needs, yet remains upgradable to new releases by Oracle because it has financial intelligence built-in. By leveraging the new framework, you can get the benefit of an ever-growing library of prebuilt dimensions, calculations, reports, dashboards and KPIs, that are designed to fit your consolidation and reporting processes. This maximizes the value of your investment because Oracle continues to provide value throughout the life of the solution.
Key benefits of FCCS include:
- Best practices out-of-the-box to get you up and running quickly
- Configurable and upgradable consolidation and close framework to tailor the solution to your specific requirements
- Easy to use and easy to maintain
- Powerful analytics, dashboards, reports, and analysis for unparalleled insight
- No infrastructure investments are required.
It's imperative today for companies to have a consolidation and close solution that is effective, efficient, and easy to manage, and FCCS offers compelling reasons for Finance teams to consider this solution for their close and consolidation processes. It's also imperative to work with finance experts who have both technical and functional knowledge to support the solution implementation process.
MindStream Analytics is a premier consulting, advisory, and application managed services provider who helps organizations acquire, implement, host, and manage strategic finance solutions including Oracle Hyperion. MindStream was formed by a diverse team of EPM consultants and industry leaders with years of Hyperion experience. Our combined expertise in verticals such as manufacturing, consumer products, telecommunications, healthcare, financial services, energy, and more, brings a powerful and unique value proposition to our clients.
Our consulting practice helps companies determine how to proactively manage performance by using the data that drives your business, tracking and reporting on financial performance, and leveraging big data for deeper insights and competitive advantage. We have a dedicated Oracle Hyperion Practice that has over a decade of experience, not to mention our leadership team is a pioneer in the EPM space.
AppCare is our managed services offering that acts as an extension of your team. We'll use our experience in overseeing applications, supporting users, driving end-user adoption, and administering application extensions to provide you with key insights and recommendations that are unique to your needs and goals. administrator. AppCare can maximize the value of your IT organization by letting your staff focus on high-value activities while MindStream experts maintain your software. It allows your company to have your own 24/7 Center of Excellence � often at a fraction of the cost of a single EPM.
Partner SpotLight
OneStream aligns to your business needs and changes more quickly and easily than any other product by offering one platform and one model for all financial CPM solutions. OneStream employs Guided Workflows, validations and flexible mapping to deliver data quality confidence for all collections and analysis while reducing risk throughout the entire auditable financial process.
Our Company
MindStream Analytics is a leading consulting firm focused on helping clients improve business understanding and decision making. With years of experience in the analytics and Business Performance Management area, MindStream offers services ranging from software selection and implementation to best practices for financial planning.
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 Space Authoirty Case Study
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.