Oracle EPM - FCCS and How to Enable AI for IPM Insights

 Oracle EPM - Enabling AI in Financial Consolidation and Close for IPM Insights

Enable AI in Financial Consolidation and Close to empower users with data science optimized for multidimensional planning and forecasting use cases and to utilize Reports to generate narrative summaries.

To enable AI in Financial Consolidation and Close:

1. From the Home Page, click Application, and then click Settings.
2. In the Enable AI section, select Generative AI to enable these abilities:

   • Automatically generate narrative summaries for a single insight or group of insights.

   • Enable Gen AI narrative summaries for Reports.
3. Click Save.

Use Cases for IPM Insights

• IPM Insights requires an EPM Enterprise Subscription.
• IPM Insights works with these business processes:
• Planning. IPM Insights works with these Planning application types:
  • Custom
  • Modules
  • FreeForm
  • Sales Planning
  • Strategic Workforce Planning
  • Cash Forecasting
• FreeForm.

• Oracle Sales Planning Cloud and Oracle Strategic Workforce Planning Cloud.

• Enterprise Profitability and Cost Management.
• Tax Reporting.
• Financial Consolidation and Close.

Oracle EPM - FCCS EPM Assistants update

Oralce EPM Assistants in FCCS (Financial Consolidation and Close Cloud)

Financial Consolidation and Close provides EPM assistants to perform administrative and operational tasks.

EPM Assistants are available to Oracle Fusion Cloud Enterprise Performance Management and Oracle Fusion Cloud Enterprise Data Management customers who have AI Agent Studio for Fusion Cloud Applications.

The assistants are available as importable agents that integrate with Fusion AI Studio, enabling a chat-based experience. 

They are exclusively available to Fusion customers and are not supported for EPM customers without Fusion Cloud subscriptions. For information about setting up EPM Assistants, see How to Use EPM Assistants with AI Agent Studio in Getting Started Guide for Administrators.

EPM Assistants

• Calculation Assistant to Create Configurable Consolidation Rules for Administrators

  Helps Service Administrators create Configurable Consolidation rules with rulesets, or add new rules to an existing ruleset. 

• By providing a guided framework, the Calculation Agent Assistant reduces the complexity and time involved in setting up Configurable Consolidation rules.

• Consolidation Performance Diagnostic Assistant for Administrators

  Service Administrators can run the diagnostic assistant to automatically identify deviations from standard configurations, proactively highlighting potential application corruptions or misconfigurations. 

• It suggests actionable next steps based on consolidation job analytics.

Oracle EPM Working with the Reporting Agent

Oracle EPM Reporting Agent, also known as "Ask Oracle", is a GenAI-powered agent available in Narrative Reporting Library and Report Preview.

Using Ask Oracle to Search the Library

To search the Narrative Reporting library using Ask Oracle:

1. On the Narrative Reporting Home Page, select Library.
2. In the Ask Oracle search bar at the top of the library, enter a natural-language request, and then click Search.

3. A few examples of the library prompts are:

   • Find a report quickly: Show me a list of Cash Flow reports → Ask Oracle to return matching reports from the Library.

   • Handle an incomplete report name: What is the actual net revenue from the Monthly P&L Report? → Ask Oracle prompts the user to select the intended matching report, then answers using that report context.

   • Locate related artifacts: Find reports that start with Income Statement or Show me books related to financial reporting → Ask Oracle to return relevant Library artifacts for the user to open or review.

Oracle EPM - FCCS Assistants update !

 Oracle Financial Consolidation and Close Assistants Update for July 2026

This EPM Assistant enables Service Administrators to download AI agent templates for integrating Cloud Enterprise EPM or Cloud EDM with Fusion AI Agent Studio. 

The following assistants are available:

• Calculation Assistant to Create Configurable Consolidation Rules for Administrators: Helps Administrators create Configurable Consolidation rules with rulesets, or add new rules to an existing ruleset. 
• By providing a guided framework, the Calculation Agent Assistant reduces the complexity and time involved in setting up Configurable Consolidation rules.

• Consolidation Performance Diagnostic Assistant for Administrators: The diagnostic assistant can automatically identify deviations from standard configurations, proactively highlighting potential application corruptions or misconfigurations. 
• It suggests actionable next steps based on consolidated job analytics.

Business Benefit: The Financial Consolidation and Close Assistants significantly reduce the manual effort and time required for Service Administrators to set up Configurable Consolidation rules, and enable earlier detection of issues, reducing debugging efforts and minimizing downtime due to configuration issues.

EPM Assistants are downloadable templates for creating custom AI agents that interact with Cloud EPM services using REST APIs.

EPM Assistants include sample agent definitions (for instance, based on a Vision application) that you can use as a starting point to create your own custom AI Agents in AI Agent Studio.

When imported into AI Agent Studio, EPM Assistants automatically create:

• Agent teams – Groups of collaborating agents
• Agents – Individual AI entities performing tasks
• Tools – API-based operations that agents can execute
• Business objects – Representations of Cloud EPM data and processes

These templates do not include application-specific configurations. You must customize them to align with your Cloud EPM business process.

Oracle EPM - Application Diagnostics Tool

 Using Oracle EPM Application Diagnostics to Optimize Application Design

Administrators use the Application Diagnostics tool to evaluate application design against Oracle-recommended Essbase and Planning best practices and to identify issues that may affect performance, maintainability, and overall application health.

The tool performs self-service assessments across key design areas, including metadata, dimensions, forms, and executed rules, and identifies potential concerns, such as dimension property settings, form suppression settings, and rules that were launched with errors.

To run Application Diagnostics:

1. From the Home page, click Application and then click Overview.
2. From the Actions menu, select Application Diagnostics.

This tool generates an Excel report in the Inbox/Outbox folder containing diagnostic findings, impact details, and recommendations for improvement, enabling administrators to proactively optimize application design and troubleshoot issues more efficiently.

Best Practices for Designing Your Application

Follow the basic steps in the Design Best Practices guide to design an application based on best practices that meets your business needs.

Use the best practices in Getting Started with Your Design in Design Best Practices.

The Design Best Practices guide helps you plan and design high-quality, scalable Planning applications by providing clear, proven guidelines that enhance efficiency, usability, and long-term success.

Whether you are starting a new implementation or enhancing an existing solution, this information will support better outcomes across the project lifecycle.

Oracle EPM and new AI Assistants !

AI Assistants in Oracle EPM!

Oralce EPM assistants are importable assistants that integrate with Fusion AI Agent Studio to provide a chat-based experience. 

EPM assistants can be used by all Cloud Enterprise EPM and Cloud EDM customers who have AI Agent Studio for Fusion Cloud Applications.

The following assistants are available:

• Transaction Matching Assistant for Administrators: 
• Helps Service Administrators run jobs like Train Match Prediction, Auto Match, Run Auto Alert, Archive Transactions, and Purge Transactions.
• Account Reconciliation Assistant for Administrators: 
• Helps Service Administrators manage periods, run the Train Predicted Attribute and Predict Predicted Attribute jobs, and check job status.
• Account Reconciliation Assistant for Users: 
• Helps users interact with reconciliations, performing tasks such as viewing reconciliation details, adding comments to a reconciliation, and displaying comments.
• Account Reconciliation Run Report Assistant for Users: Allows users to run Reconciliation Compliance and Transaction Matching related reports. 

Business Benefit:  

• Account Reconciliation Assistants enhance the user experience by enabling you to quickly find information and perform tasks through natural language interactions. 
• The assistants streamline common operational tasks, thereby increasing productivity and improving operational efficiency.

How to enable and configure?

• Ensure that the Fusion Applications environment with Fusion AI Studio is enabled
• Assign the Service Administrator role in Cloud EPM
• Configure federation between the Fusion Applications and Cloud EPM identity domains
• Create a confidential application in Cloud EPM IAM (Identity and Access Management)

Oracle EPM - Narrative Reporting Assistant

Narrative Reporting Assistant is now available as an importable agent that integrates with Fusion AI Studio to provide a chat-based experience for discovering Narrative Reporting artifacts and seeking answers about a selected report’s data (report interrogation). 

This feature is available only to Fusion customers; it isn’t available to EPM customers without Fusion Cloud subscriptions.

With the Narrative Reporting Assistant, you can:

• Search and browse Narrative Reporting Library artifacts through chat, including Reports, Report Packages, and Bursting Definitions. The agent retrieves lists that match your search criteria, based on artifact name and description. 
• Select a report and ask questions about its results, such as summarizing or analyzing the report output. Report interrogation uses the report in context for follow-up questions. Analysis is currently limited to the first grid in the report, including hidden first grids.
• Refresh data sources for a Report Package. The agent refreshes a specific data source by name or refreshes all data sources within the selected Report Package. The refresh is executed as a Job Scheduler job.
• Run a Bursting Definition by submitting a Job Scheduler job. The job status and results are viewed in the Jobs interface through links returned in chat.

Business Benefit: The new Narrative Reporting Assistant helps you quickly find information through chat, summarize report results without manual data hunting, and streamline common operational tasks, such as refreshing Report Package data sources or running Bursting Definitions with less context switching.

Steps to enable and configure

• Ensure that the Narrative Reporting environment with Fusion AI Studio is enabled
• Assign the Service Administrator role in Cloud EPM