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)