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Oracle's Hyperion Financial Management and Hyperion Financial Data Quality Management applications enable companies to meet the requirements of the most complex and demanding financial consolidation, lower the cost of compliance and deliver an unprecedented level of financial data quality. Both are key components of the enterprise performance management cycle because they allow organizations to report to stakeholders in a timely and accurate manner. Lastly, they are fundamental to any financial governance, risk and compliance initiative because they provide a level of control, visibility and transparency into the financial close and reporting cycle that enables management to be confident in the numbers they report to stakeholders.
Key Benefits
- Reduce the close cycle - increase efficiencies around the close reducing the time it takes to close and report results h
- Strengthen internal controls - the applications have a number of features that promote better processes thereby increasing internal controls
- Ensure financial data quality - best practices require that data be validated, have an audit trail from source to report and provide confidence in the numbers
- Reduce risk of relying on spreadsheets - removing this error prone technology reduces the risk that information will not tie, errors will go undetected or CFO has to place over reliance on certain individuals
- Lower the cost of compliance and mitigate business risk through integrated process control and consistent planning, consolidation and reporting.
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Hyperion Planning is a centralized, Excel and Web-based solution that integrates financial and operational planning processes, and improves business predictability. This budgeting and forecasting solution provides an in-depth look at business operations and its related impact on financials by tightly integrating financial and operational planning mode.
Key Benefits
- Powerful workflow and process management
- Intuitive interface
- Robust data integration
- Leverages Essbase – powerful reporting and analysis
- Scalable web infrastructure
- Special-purpose planning modules for fast deployment
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Hyperion Financial Data Quality Management
Oracle Hyperion Financial Data Quality Management (FDM) is a packaged solution for finance users that helps develop standardized financial data management processes with its Web-based guided workflow user interface and powerful integration engine. It enables organizations to eliminate the data integrity risks associated with collecting, mapping, verifying and moving critical financial data across the entire organization.
Financial Data Quality Management's data preparation server can ease integrating and validating financial data from any source system. And to further reduce data integration costs and data mapping complexities, Hyperion Financial Data Quality Management includes prepackaged Enterprise Performance Management (EPM) adapters for Hyperion Financial Management, Hyperion Planning, Hyperion Enterprise, Hyperion Strategic Finance and Oracle Essbase. |
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Oracle Essbase is the industry-leading OLAP (online analytical processing) server. The newest release of Oracle's Hyperion Essbase product, Oracle Essbase provides an environment for rapidly developing custom analytic and enterprise performance management applications. With a rapid application development environment that is managed by the business, Oracle Essbase enables the business to quickly model complex business scenarios. For example, Oracle Essbase makes it easy for line-of-business personnel to develop and manage analytic applications that model complex scenarios, forecast the business and perform "what-if" analyses in order to look into the future. Oracle Essbase supports extremely fast query response times for vast numbers of users, for large data sets, and for complex business models. It is hot-pluggable across any data source.
Key Benefit
- Richest business user experience—Delivers "speed-of-thought" query response time so users can quickly understand the metrics that influence business performance, ask questions, and make informed decisions. With its outstanding Microsoft Office integration, Oracle Essbase resonates with business and financial analysts alike. In addition, a suite of reporting tools satisfies the diverse needs of users across the enterprise. Whether inside a spreadsheet, through formatted reports, via a powerful ad hoc graphical interface, or a data visualization paradigm, business users can easily and intuitively understand what drives the business.
- Highly advanced calculation engine—At its core, Oracle Essbase is the most advanced, high performance calculation engine on the market. It ships with over 350 pre-built, out-of-the-box functions, accelerating the development of complex business models. A single point of maintenance makes it easy for an administrator to manage business rules. From straightforward aggregations to complex cross-dimensional allocations; from comprehensive time series intelligence to financial sophistication, the Oracle Essbase calculator delivers premium performance and breadth of functionality.
- Best custom analytic environment—Oracle Essbase enables line-of-business personnel to drive application design and rapid iterations. The highly graphical "outline" technology makes it easy to build dimensions, hierarchies, metrics, and scenarios. Oracle Essbase's unique multi-user read/write technology allows the creation of forward looking applications such as trending, forecasting and scenario analysis. It is the Oracle Essbase engine that powers the Hyperion Planning suite of applications. Performance is optimized via a range of data storage and compression methods best suited for the type of application being built. Oracle Essbase supports both 32 and 64 bit computing across both Windows and Unix operating environments—capable of massive scalability for enterprise wide deployments.
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