Thursday Feb 21, 2013

Oracle Announces New Hyperion Tax Provision Module

Oracle Hyperion Tax Provision allows customers to collect, calculate and report on the consolidated tax provision and more closely align tax with financial reporting.

Built on the Hyperion Financial Close Suite, Oracle Hyperion Tax Provision is a web-based tax application that addresses the full scope of the global tax provision process.

Oracle Hyperion Tax Provision replaces the highly manual methods used by most organizations with an automated and standardized process that increases efficiency. Furthermore, it integrates with tax compliance software and improves the overall compliance process by providing a more streamlined book-to-tax process.

Integrated with Oracle Hyperion Financial Management, Oracle Hyperion Tax Provision is based on the same technology trusted by thousands of finance organizations to ensure the accuracy of financial reporting.

“We believe that a corporate tax provision process that is not closely aligned with the financial reporting process may expose companies to unnecessary risk and inefficiencies. Aligning corporate tax and finance systems may greatly enhance the ability of tax departments to execute their responsibilities more effectively,” said Michael J. Johnson, performance management technology leader for Deloitte’s Tax Management Consulting Practice.

FSN article: “New Oracle tax provisioning product aligns corporate tax functions with HFM users” (link).   And join the FSN LinkedIn discussion in Tax Provisioning (link)

Oracle Hyperion Tax Provisioning : see press | blog | o.comwhitepaper | datasheet

Monday Oct 10, 2011

Financial Management Analytics for Hyperion HFM is now available

Oracle Financial Management Analytics is now available and is a new addition to Oracle's financial close solutions that integrate with Oracle Hyperion Financial Close Management and Oracle Hyperion Financial Management to provide business critical information about the financial close process and financial results.

Using Oracle Business Intelligence Enterprise Edition (OBI EE) technology, it leverages investments already made in Oracle Hyperion Financial Close Suite modules to provide senior finance management with unified insight into the current position of the financial close process as well as the financial results.  Essentially, Financial Management Analytics is a pre-built BI-Application providing any Hyperion HFM customer with a simple way to include HFM information into dashboards that can be widely deployed, and can be combined with information from many others sources via OBI EE.

Products to be licensed separately with Financial Management Analytics (prerequisites), include Oracle Business Intelligence Suite Enterprise Edition Plus or Oracle Business Intelligence Foundation Suite AND Hyperion Financial Management Plus or Hyperion Financial Close Management or Hyperion Financial Close Suite.

See here for more information : Oracle Financial Management Analytics

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