Business

Seismi presenting at 10th annual MDM Summit – London 2015

Come and join Seismi at the Master Data Management Summit, Europe’s premier event dedicated specifically to MDM, CDI and Data Governance, on the 19th and 20th May. James Gordon will be speaking on Wednesday, 20 May (16:35–17:20) about how De Beers Group of Companies have used effective Financial Master Data Management to help them mitigate key risks that they had around financial process and control. James will be explain how their implementation of Oracle DRM has improved Data Transparency whilst also simplifying and standardising their approach to mapping between financial applications. James will be co-presenting with Doug Cosby, Oracle VP of MDM Development.

James will also be sitting on an experts panel analysing the Best Practises in MDM of Reference Data (Tuesday, 19 May, 16:40–17:25).

Seismi will be at the Oracle exhibition ​stand if you ​would like to explore details of our customer case studies or would like to discuss how we can help with implementing Financial master data management and governance solutions for your organisation.

For further details on the MDM Summit and how to register please click on the following link.

http://www.irmuk.co.uk/mdm2015/

We look forward to seeing you there.

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Oracle 'Office of Financial Solutions' Live Webcast - Unleashing the Power of Financial Master Data Governance

Join us for a live webcast on Thursday May 21 as we examine the critical area of financial data governance and how a controlled and organised approach to financial master data will improve the quality and subsequently the confidence in the numbers an organisation reports. James Gordon, Managing Director at Seismi will share recommendations on how to approach financial master data implementations: explaining when and how to initiate your project and help you understand the balance of reward vs risks with these decisions. Finally he will examine some common pitfalls associated with financial master data governance.

Please click here for further details and to register to attend the webinar.

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Top Gun 2015 - Rewind

topgun-logo-218Wondering what the Infratects Top Gun conference was all about?

Quentin Vermolen from Seismi was delighted to get the chance to attend the 4th annual Top Gun event, held at the Hilton Hotel in Canary Wharf, on the 13th and 14th March 2015. The UK Hyperion community was fortunate that the premier event was held in London this year. The keynote speakers at the event were none other than Kash Mohammadi & Rajesh Bhatia, VPs of EPM Product Development at Oracle.

What’s the idea behind Top Gun?

The principle reason for this conference is to provide EPM consultants and support staff with an event tailored for them that focuses on sharing experience and knowledge around the design, setup, installation, configuration, management and support of Oracle EPM Environments, without any sales or marketing content. The added benefit was the opportunity for attendees to get to meet each other, catch-up and share experiences, something that does not happen often enough.

Seismi’s Strategic Partner

Infratects is a global IT consultancy firm specialising in Oracle Hyperion Enterprise Performance Management (EPM) infrastructure design, implementation, hosting and managed services. They serve over 250 international clients annually with offices in the Netherlands, the UK, Finland, Spain, Australia and the US.

We recommend taking a look through the fantastic presentations available for download, by clicking here, and invite you to watch a short video featuring the event and interviews with the attendees, by clicking here.

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Seismi Sponsor Oracle DRM SIG

Event date: 24th March 2015Seismi Clients_Blog_Sidebar_DeBeers
Event Location: Oracle City Office, One South Place, London EC2M 2RB

We are pleased to announce our continued support for the Oracle DRM Special Interest Group (SIG).

Oracle is hosting the event and Seismi will be presenting a customer use case. The De Beers Group of Companies is in the process of implementing Oracle DRM and FDM to optimise the relationship between their extensive collection of general ledgers and their consolidation tool, HFM. They will be sharing their story to date, outlining their use case, their solution and the benefits they are expecting the solution to bring. They will also highlight any pitfalls and lessons learnt from their project.

For further information on, and to register for the event, please click here.

Spaces are limited so please register as soon as possible to join us.

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First look at HFM 11.1.2.4

HFM Exalytics imageHyperion Financial Management

Lighter, Faster, Simpler & Portable

 

 

 

 

There has been much anticipation and speculation about this delayed platform release v11.1.2.4. Particularly so from the HFM community as Oracle had indicated major revisions to the HFM ‘engine’, and to set HFM free from it’s Windows shackle’s to be platform independent.

Which surely means that this release would be the most significant update to HFM delivered by Oracle since the ‘unlimited’ (won’t get into the theoretical design debate here) custom dimensions feature released in 11.1.2.2.

Since the release a couple of weeks ago there has been some good technical blogs (John G covered the first look at installing the new release and the intricacies of installing on Windows 2012 Server, see: More to life than this…).
However there is no real detail out there on what has happened ‘under the bonnet’ for HFM.

So let’s start with the highlights and take a look at the new engine and some stat’s.

Firstly, there is HFM’s new simplified architecture (freshly ported to Java). The objective of reworking the HFM application server components in Java, means there is no longer reliance on Windows technologies like IIS and DCOM.

Which for the first time in its existence means HFM is now “platform independent”. Although for customers the choice for the moment is only between Windows servers or Oracle’s own super hardware – Exalytics. Commodity Linux is not yet supported…

While the developers were tinkering around with the ‘HFM engine’ they did the following:

  • fitted an optimised central data query engine – improving data retrieval used by the web UI, SmartView and Financial Reporting;
  • replaced the database ADO driver with an ODBC driver to improve database interaction, claimed better performance with Oracle RDBMS;
  • fitted new ‘multi-core scaling’ wizardly that ensures during consolidation up the entity hierarchy the system will use all of the hardware cores available;
  • fitted ‘SmartHeap’ technology to improve memory allocation and reduce thrashing of heap;
  • redesigned the ‘CalcStatus’ code, to store only used currencies, thereby reducing unnecessary storage of data and improving metadata / data loads;
  • replaced ‘Web-services’ with ‘Thrift’, claimed to optimise the transfer of objects between C++ server and Java based web tier.

Some interesting statistics from Oracle product development is the following optimisations the developers managed to do compared to v11.1.2.1 code line:

  • reduced number of file in HFM by 45%
  • reduced libraries by 88%
  • reduced total installed files by 94%

Diagram of HFM’s technology stack transition:

HFM Architecture 11.1.2.4

 

Much like a Moto GP race machine, the developers have managed to make the ‘engine’ lighter, simpler, and more efficient. The result in testing by Oracle in the lab’s using real client applications is claimed performance improvements of 2-5x times faster on the same hardware.

The performance claims alone are quite impressive for just an upgrade (no application optimisation), and exciting what can be achieved by moving HFM to an Exalytics box for the larger HFM clients.

The consolidation times comparison provided by Oracle is:

11.1.2.3 (Windows) 11.1.2.4 (Windows) 11.1.2.4 (Exalytics X4)
60 min 23 min 13 min

 

What is supported by what version is in Oracle’s Compatibility Matrix, which is usually not the easiest to navigate if you just need to know if SmartView works with the latest MS Office.

So it’s useful to know that the 11.1.2.4 release now supports:

  • Browsers: Internet Explorer 9, 10, 11 and Firefox 31 ESR
  • Office 2013
  • Desktop: Windows 7, 8 & 8.1

 

Like any other dot zero release, there is going to be some quirks, and some undocumented features when we get into implementing. However in this kind of scenario, skilled HFM consultants thrive, pushing design to make the best use of the new features, but at the same time also understanding the limitations.

In the next blog I will take a look at some the new usability features in this release, and new utilities provided. Some of the new features are stated to only be included in certain patch releases (PSU’s), so will examine the roadmap provided by Oracle to understand what will be available when.

Watch this space…

 

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Seismi sponsor Hyperion SIG

ukoug

Event date: 25 February 2015

We are delighted to be supporting the UK Hyperion community by proudly sponsoring the UK Oracle User Group (UKOUG) Hyperion Special Interest Group (SIG) on the 25 February 2015.

This is the first of two Hyperion focused events taking place this year organised by the UKOUG, an independent, not for profit membership organisation.

James Gordon, our Managing Director, will be presenting on a topic which is fundamental to our approach to delivering integrated financial applications: Unleashing the Power of Financial Master Data Governance. This presentation examines the critical area of financial master data governance and how a controlled approach to financial master data improves the quality and confidence in the numbers an organisation reports. We explore the benefits of effective Financial Master Data Governance and contrast these against the risks associated with allowing financial applications to move independently of one another.

We hope to see many of our clients and members of the community at the SIG. James will be available throughout the day and at the drinks social to answer any questions you may have. Feel free to discuss our complementary review of your financial master data management processes if you manage to corner him!

Details of the event can be found here.

Offers extended due to popular demand!

We are pleased to announce that we are extending our special offers until May 2015 due to popular demand. Take advantage of our free Master Data Management Process Review or for those who already use Oracle DRM, our free Data Relationship Management Health Check.

For more details, don’t hesitate to contact us.

DRM 11.1.2.4 Highlights

Having started our review of the new 11.1.2.4 release we thought we would highlight what we anticipated to be the most valuable from both a business and technical perspective. The full list of features is available here. From a business perspective some of the most notable features are:

  • Conditional Workflow Stages – A workflow model can be configured to conditionally alter the workflow path for individual requests. You can include or exclude particular workflow stages depending on whether request items have certain property values or if they fail certain validations. You can also separate request items that require different approvers and split enrichment tasks into different requests to follow separate workflow paths.
  • Separation of Duties – You can configure workflow stages to require a separate approving user who has not submitted or approved for any other stage in the request.
  • Request Items from File – Request items can be loaded into a workflow request from an external flat file created by a user or source system. You can load request items during a Submit or Enrich stage. Source files may be loaded using the Web Client or Batch Client.

From a technical perspective the following three have real potential:

  • Improved Architecture – Data Relationship Management offers a streamlined application server architecture optimized for single machine, multi-processor deployments on 64-bit hardware. Each application utilizes a single engine and server, instead of the multiple engine and server configuration used in previous releases. These improvements result in higher concurrency of read operations, eliminate event traffic between engines, and reduce connections to and data transferred from the repository.
  • Reverse Lookup on Import – Lookup type properties can be selected for import section columns to perform a reverse lookup on column values being imported. The resulting value is stored in the defined property that uses the lookup property.
  • Hierarchy Groups in Exports – Hierarchy groups can be used to auto-select hierarchies for exports instead of having to manually select the hierarchies for each export. Each export profile is configured with a hierarchy group property and hierarchy group. When a hierarchy is assigned to a hierarchy group, the hierarchy becomes immediately included in all exports using the group.

We will update you on our progress once we have completed our full review. Watch this space!

FTSE 100 Company “overstates” its half-year profit guidance by £250m

As you probably know, a leading supermarket in the UK is under some scrutiny for having overstated its half-year profit guidance by £250 million. We have no knowledge of what went wrong and only the investigation will be able to tell how and why something like this could happen in this FTSE-100 company. Whatever the outcome, this is an opportunity for C-level leaders to examine whether they are taking the necessary precautions to minimise these risks to their company. Here at Seismi, we believe that robust financial master data processes aligned with tight financial systems integration are the key to eliminating these issues. We are even offering a complimentary master data review to help CFOs and CTOs understand, mitigate and formulate long term plans to enhance their financial master data management processes.

Find out more here or contact us.

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Seismi Achieves Oracle PartnerNetwork Specialisation for Oracle Data Relationship Management

Oracle Recognizes Seismi for Expertise in implementing integrated EPM solutions underpinned by Oracle Data Relationship Management and Oracle Data Relationship Governance.

 

Seismi, integrated financial solutions specialists and a Gold level member of Oracle PartnerNetwork (OPN), today announced it has achieved OPN Specialized status for Oracle Data Relationship Management.

To achieve OPN Specialized status, Oracle partners are required to meet a stringent set of requirements that are based on the needs and priorities of the customer and partner community. By achieving a specialized distinction, Seismi has been recognized by Oracle for its expertise in delivering services specifically around Oracle Data Relationship Management through competency development, business results and proven success.


 

We understand the benefits that an approach to masterdata management can provide in terms of cost reduction, business process optimisation and data quality improvement. This OPN Specialisation for Oracle Data Relationship Management formally recognises our ability to help create robust, efficient and flexible solutions underpinned by efficient masterdata management and systems integration.
James Gordon, Managing Director, Seismi
Seismi, recognized specialists in Master Data Governance in the UK, achieved OPN Specialisation for Oracle Data Relationship Management, and are demonstrating their commitment and leadership in this business area. They have enabled tangible business benefits to their clients and customers by implementing integrated solutions underpinned by Oracle Data Relationship Management.”
Will O’Brien, VP Alliances & Channels, UK & Ireland, Oracle.

 


 

About Seismi
Seismi is a UK based professional services company that specialises in delivering fully integrated financial solutions to corporate clients. Seismi’s solutions are underpinned by efficient masterdata processes leading to flexible, robust, scalable and automated solutions. Seismi provide consultancy, infrastructure, training and support services and have extensive product expertise in the Oracle Hyperion Suite.
About Oracle PartnerNetwork
Oracle PartnerNetwork (OPN) Specialized is the latest version of Oracle’s partner program that provides partners with tools to better develop, sell and implement Oracle solutions. OPN Specialized offers resources to train and support specialized knowledge of Oracle products and solutions and has evolved to recognize Oracle’s growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to differentiate through Specializations. Specializations are achieved through competency development, business results, expertise and proven success. To find out more visit http://www.oracle.com/partners.

 

 
 

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