Analytics | Oracle EPM | Advanced Analytics | Many More...

Looking at the word Variance Reporting reminds us about the @VAR and @VARPER functions available in Essbase with which you can do variance reporting. One of my good friend wrote a blog post how to perform variance reporting Here. I would not re-invent the wheel but rather would speak about what are the different ways of performing variance analysis. I would split this in to three parts and woudl cover the basics in Part I. These days, Essbase applications are not used just for analysis and reporting. They are used even for Planning, Forecasting and Actuals for baseline. It so happens that you might have to do a lot of Variance Reporting and it is not just restricted to Act Vs Bud but rather a more complex and advanced way of variance reporting. We have recently upgdraded our application from sys9 to EPM11 and we were given requirement to build pre-built reports using Hyperion Financial Reports which they are currently using in Excel and they are even doing Variance Analysis ...

Most of the Essbase ASO Applications have View dimension for handling Dynamic Time Series (Mostly Q-T-D and Y-T-D). As you all know that ASO application does not have an in-built functionality to handle Dynamic Time Series . We have a DTS Dimension with 3 members. MTD,QTD and YTD.  All the data is loaded at MTD member QTD and YTD have MDX formulas to calculate the Qurater-To-Date and Year-To-Date as we have both Balance Sheet Accounts and P&L Accounts I was working on a report which is pretty simple but the combination of the data that has to be displayed is varied. Below is the layout of the report ROWS - Legal Entities (around 600+), Analysis Codes (1200+) and 19 BS Accounts and 25 P&L Accounts COLUMNS - Current Month, Last Month of Prior Quarter, Variance, Variance % This is a Y-T-D report and when i am trying to retrieve the report it is taking very long time. I didn't knew what was the issue.Tried couple of things Changed from YTD to MTD and the report ...

Oracle Hyperion DRM 11.1.2.2 enables you to export the hierarchies with different encodings (ASCII, Unicode, UTF-8, and so on).  We had our environment setup where we send the Metadata Feed from DRM to a Staging environment and then it goes to Hyperion Essbase Application. This is an ASO Application and we had a lot of Key Metric Formulas which are very huge and we thought of having a seperate feed in Parent, Child,Formula format and send it directly to Essbase Server which is sitting on a UNIX Box and somehow the metadata build is not happening. After a lot of hits and trials, we could finally find out that the issue was with the encoding which was set to UTF-8 by default.  We changed the Encoding to ASCII and when the file was FTPed to the UNIX box and ran the Metadata built, it ran successfully.  There are a couple of things that you can do to overcome this issue.   Change the Encoding of file to ASCII if you are sure that your members does no...

It's good to start blogging after many years but this time it's all about technical. This is my first blog on Oracle EPM. I have been working on Essbase, Planning, HFR, DRM and ODI (All tools part of Oracle EPM Product Suite) from quite a long time and I still feel that I am a beginnler. Oracle EPM (Enterprise Performance Management) is a set of analytical process and business tools that allow a business to track, measure and achieve goals. The core components of Oracle EPM are Hyperion Financial Management, Oracle Hyperion Planning and powerful analytical tool Essbase. Oracle EPM has undergone lot of changes from it's inception (from v11.1.1.1) to current version (v11.1.2.3) and new tools were added. EPM Stack is bundled with Performance Managenemt Applications and with powerful analytics to align financial close, planning, reporting, analysis, and modeling and unlock business potential. There has also been lot of integration between ERP Systems to EPM applicatio...