Logging into a test EPM environment after the 25.02 release (February 2025), I saw this message.
Oracle announced in the release notes that support for Financial Reporting in EPM is ending in June 2025 and this message is a confirmation. As noted above, this transition has been planned for some time now.
Fortunately, it's not a hard process to convert existing Financial Reporting reports to Reporting. But before trying to migrate reports, check first that they run and have no errors (if a report doesn't work now, it's not going to work later). Also check with the users about which reports need migrating.
Click the Navigator and go to Reports. On the Financial Reports tab where the FR reports are listed, there is an icon on the far right for each report for migration. Click the icon to begin the migration.
When prompted, click on the desired folder for the new report. If the folder isn't there, then cancel, create the folder on the Reports tab, and then run the migration.
After the process runs, a confirmation message is shown.
There is also a way to migrate all of the reports at once. Click the Migrate All button at the top right. Choose the top level destination folder and optionally select whether to recreate the existing folder structure.
The status of the process can be seen in the Jobs screen.
A common sense approach would be to migrate everything, deal with any issues (see below), and then migrate individual reports again if they require updating before the conversion is complete.
This process seems too easy, right? The documentation - link below - has two pages on (a) dealing with migration errors and (b) the differences between the two reporting tools. Depending on the report design and build, there may significant work still to do.
So the next step, even if no errors are reported, is to edit each report and check for validation errors (open the report in edit mode and see if the red bar shows at the top of the screen) and verify the output with three objectives: does the report run, is the content correct, and is the formatting correct.
For example, open a report in edit mode and you may see something like this:
When I've done the migration, I've noticed that the report/folder security within Financial Reporting is not copied over. I can't say whether this is normal, but also plan to verify and apply security as needed.
Last, the Financial Reporting books do not migrate. These will need to be recreated.
Admins should start on this migration soon if they haven't already. When Oracle refers to the "June 2025 (25.06) update" above, remember that does not mean the end of June - it's the third Friday in June.