KScope16 and FDMEE: Everything You Need to Know

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...

Introducing FDMEE

Oracle Enterprise Performance Management (EPM) Release 11.1.2.3 includes the debut of Hyperion Financial Data Quality Management Enterprise Edition, dubbed “FDMEE”. For existing Hyperion customers, FDMEE represents the evolution of Financial Data Quality Management (FDM). (The soon-to-be-retired Windows-based data integration tool has now been re-branded “FDM Classic”.) With 11.1.2.3, existing Oracle Hyperion customers have a choice: you can continue to use FDM Classic for one last go-round or you can go to FDMEE. For new customers, your only option is FDMEE. With the release of 11.1.2.4 and beyond, it’s FDMEE – no ifs, ands, or buts. For those customers using a previous release of Enterprise Resource Planning Integrator (ERPi), FDMEE is a big leap forward. Oracle states that FDMEE represents the integration of both FDM Classic and the former ERPi. Really, though, Oracle integrated the look-and-feel and overall functionality of FDM Classic into ERPi and re-branded it FDMEE. From FDM Classic, you get most of the key features you’ve come to rely on: Workflow Process (Yes, you still have your gold fish, one for each Workflow step, i.e. Import, Validate, Export, and Check.) Locations Mapping Tables (now “Member Mappings”) Import Formats Validation Entity Groups (now “Check Entity Groups”) Validation Rules Groups (now “Check Rule Groups”) Batch Loader (now “Batch Execution”) Scripting – Import format Scripting, event scripting, and custom scripting File-based data loads From the ERPi side, here are the main features incorporated into FDMEE: Like previous versions of ERPi, FDMEE is fully baked into the Oracle EPM Workspace portal Support for direct data integration with general ledger (ERP) source systems Drill Through from EPM target applications back to transaction-based...