FCCS

Financial Consolidation and Close Cloud

What is FCCS?

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.

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