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is the new epm reports going to have embedded content functionality in word docs like FRs FRExecute

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I used the FRExecute functionality extensively on premise and according to FR cloud documentation that functionality exists in the cloud as well. I heard last week that FR will eventually be deprecated and replace with reports. Will reports have similar FRExecute functionality. I know Narrative Reporting has this but for customers on a standard license without Narrative Reporting using the FRExecute. Will they have to lose this functionality when FR is deprecated or pay the additional instance fee.

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