KScope16 and FDMEE: Everything You Need to Know

by | 07 13, 2016 | EPM, FDM, FDMEE

KScope, ODTUG’s annual conference for Oracle Developers, was held just a couple of weeks ago.  And Oracle product managers were out en masse to reveal new offerings, application features, and product roadmaps. The Oracle mantra was pretty simple: cloud, cloud, cloud, and more cloud. In fact, if you drank a shot every time you heard the word “cloud” at KScope16, you would have been in a drunken stupor 5 minutes into Sunday’s EPM Symposium. Really, though, this is no surprise. Cloud services was the centerpiece of Larry Ellison’s Oracle OpenWorld 2015 keynote address. So, if you’re a Hyperion customer or implementation specialist using FDMEE what does all of this cloud rhetoric mean for you?  Here’s what you need to know. FDMEE and Hybrid Support Oracle mothership doesn’t see companies taking all of their EPM applications to the cloud right away. In fact, Oracle expects most companies will go for a hybrid approach – a mix of cloud-based applications and on-premises or hosted applications – for the foreseeable future.  In a hybrid world, companies need a simple, efficient solution to collect, transform and load data to all of their EPM applications.  This is where FDMEE comes into play.                       As of Release 11.1.2.4.200, on-premises FDMEE can integrate with on-premises and cloud-based EPM applications.  So, now you can use on-prem FDMEE to load your actuals data to Hyperion Financial Management (HFM) and to load your budgeting and forecast data to Oracle Planning and Budgeting Cloud Service (PBCS).  Yeah, this is kind of a big deal. It’s so significant that we re-worked our Peloton FDMEE Hands-on Training for this year’s KScope to highlight cloud...