Section 404 of the Sarbanes-Oxley Act (SOX) requires public companies to maintain a system of internal controls to ensure that financial reports will be reliable. For many companies these regulations do not apply to their Planning system. These companies load Actual data from their general ledger (GL) system to Essbase to enable them to conveniently pair it with Forecast or Plan data for internal reports. The GL system, in this example, remains the system of record subject to SOX regulations. Other firms elect to generate their public financial reports with their Planning system, shifting regulatory controls from the GL system to the Planning system. This post describes one way to set up Planning security to minimize audit risk.

The post Sarbanes-Oxley Compliant Planning Security appeared first on TopDown Consulting Blog.

Data Relationship Management

Steve Davis, Solution Architect for TopDown Consulting Inc., discusses how Data Relationship Management (DRM) allows you to effectively manage data, from disparate reporting systems, in one location.

VISIT US AT Kscope16

Save $100 on your Kscope16 registration by using the discount code "TPDWN"

View Event Details

Oracle Hyperion Data Relationship Management Best Practices, Tips,
and Tricks

Oracle Hyperion Data Relationship Management (DRM) is a hierarchy management tool. It pulls together all the data from disparate sources, allowing you to apply one set of rules and processes so that you are working with a complete, accurate, and consistent set of data.

Learn more

Planning In the Cloud

We'll take you there

Contact Us

A proven approach that gets results

Drive business value with comprehensive strategic services tailored to address the most unique, complex, and multi-faceted EPM challenges. Our proven Project Success Methodology provides a framework for guiding and measuring project initiatives.

A Sample Listing of Our Clients

Our Experience. Your Success.

Founded in 2000, TopDown Consulting is the most experienced EPM solutions provider and trusted advisor to finance leaders delivering data-informed insight and driving innovation throughout the fiscal year. We have successfully delivered over 1000 implementations for more than 500 clients. Our consultants average 20 years of Hyperion and industry experience and our team includes leading solution and system architects, CPAs, finance executives, MBAs, and analysts. Our Oracle Hyperion and industry expertise has earned us a reputation for delivering powerful, flexible, and scalable solutions that provide a rapid return on investment. This is why the majority of our business comes through referrals and 80% of our business is from repeat customers.

© Copyright 2016 TopDown Consulting. All Rights Reserved.