Since the late 1990s, Oracle Cloud EPM Financial Reporting (Financial Reporting) and its predecessor, Hyperion Financial Reporting, have been a cornerstone of Oracle EPM. A trusted tool for corporate finance teams and enterprise users, it has long been valued for delivering highly formatted, multidimensional financial reports. Now, after decades of service, Financial Reporting is set to begin its well-earned retirement in June 2025.

Yes, beginning in June 2025, Financial Reporting will no longer be supported and should be replaced with the newer, more streamlined Reports. Reports has been available in Narrative Reporting for the past five years and has been fully integrated into the Cloud EPM Platform since February 2021, making it the new standard for EPM reporting.

• So, what does this mean for you and your organization?
• What will happen to your existing Financial Reporting reports?
• Will you need to rebuild them from scratch?

These are important questions—here are the key things you need to know.

What platforms are affected

This deadline applies only to Oracle Cloud EPM applications. If you’re using Oracle EPM on-premises, you are not impacted until the end of the 11.2.x release cycle (around 2035).

However, if you are using Oracle Cloud EPM Financial Consolidation and Close (FCCS), Planning (EPBCS/PBCS), or Tax Reporting, you must migrate your existing Financial Reporting reports before June 2025.

Narrative Reporting will not be affected by this change.

What is involved with migrating from Financial Reporting to Reports

Oracle has developed a migration utility that allows you to migrate individual reports or entire report libraries from Financial Reporting to Reports. However, there are five key things you need to know about the migration process.

1. What Does NOT Migrate

• Financial Reporting books, batches, and scheduled batches will not be migrated and must be recreated using the EPM Cloud Job Scheduler—the same scheduler used for all other EPM scheduled tasks.
• Excel workbooks containing imported or exported fully formatted Financial Reporting reports cannot be connected to Reports for refresh. To continue using Excel, users must migrate their Financial Reporting reports to Reports and then import or export data to Excel as needed.

2. Functions and Formulas

Certain functions and formulas in Financial Reporting may not have direct equivalents in Oracle Reports. For example, page numbers will need to be manually updated. Additionally, if your reports use fiscal calendar calculations such as “Year-To-Date” or “Month-To-Date,” these formulas must also be manually adjusted.

3. Resolving Migration Validation Errors

Oracle has made it easier to identify reports with errors by clearly labeling migrated reports that contain issues within the library. However, the migration utility does not automatically correct these errors. This means they must be addressed manually, including member name mismatches, database access issues, report security settings, and even formatting elements such as fonts and logo sizes.

4. Features Not Available in Reports

Oracle Reports lacks a few key features found in Financial Reporting, most notably the absence of books and notes or annotations in the base EPBCS Reports solution included with your EPBCS license. However, Oracle Narrative Reporting provides the same familiar interface while offering books, notes, and annotations, making it a more comprehensive alternative for users who rely on these features.

5. Look and feel between Financial Reporting and Oracle Reporting

Transitioning to a new solution always comes with a learning curve. While the core logic remains the same, users will face a “who moved my cheese” moment—figuring out where to find key features, how to create and modify data, graphs, and charts, and adapting to new syntax for text and formulas. The complexity of this adjustment depends on the size of your report library and the success of your migration. With the deadline approaching, planning for this ramp-up period is essential to ensure a smooth transition.

Conclusion

In conclusion, Oracle Cloud EPM Financial Reporting is being deprecated in favor of the more advanced EPM Reports feature. Oracle encourages users to transition to Reports, which offers enhanced capabilities and seamless migration options. Reports provides a centralized, cloud-native reporting solution that maximizes the full potential of the Cloud EPM Platform.

At Thought Logic, we have proactively helped clients prepare for this transition through training, migration support, and optimized report delivery strategies, ensuring a smooth and efficient shift to the new reporting framework.