By Mckenzie Clune-Oracle on Jun 16, 2015
Today’s global business market is high-paced, overloaded with information, increasingly hyper-competitive, but most importantly- focused on profit. The economic downfall resulted in an intensive focus on cost control, but with Oracle Hyperion Profitability and Cost Management (HPCM) you can drive your business performance by targeting the sources of cost and profitability and enable analytic users to improve resource allocation. HPCM can make the challenge of identifying true profits and underlying costs easy, and help you come out on top.
With HPCM, allocating and analyzing costs at a granular level reveals how customer-driven interactions impact profitability. Strategic profit and loss reports will reveal this previously hidden information to help you stay focused and make better, more profitable decisions.
Take advantage of HPCM features to transform your financial data into actionable information for management reporting. Some of HPCM’s key features include:
- Flexible allocation platform
- Traceability maps
- Business rules engine
- Multi-dimensional calculations
- Detailed cost and profitability calculations
- Powerful analysis and reporting
- Integration with other performance management applications
Most importantly, Oracle HPCM enables you to use the same profit information across all LOBs in your enterprise.
Today, companies like yours are facing the challenge of change by deploying Oracle HPCM, and realizing the benefits from this implementation. One of the main benefits of HPCM is the identification of where your profits lie, and how much you truly make – with transparency, by alignment of fully loaded costs with product and service revenue. Another benefit is the ability to perform faster, easier, multi-dimensional analysis and scenario modeling by leveraging Oracle Essbase, the industry’s leading online analytical processing (OLAP) server. Additionally, customers can now master profit and loss from every dimension in order to keep pace with competitors so they can protect their profit ‘winners’ and fix their profit ‘losers.’ Organizations are now able to automate their cost allocations for centralized and common functions. Larger organizations can operate under economies of scale by centralizing common functions like IT, HR, Legal and Finance into Shared Service Centers, and allocate the costs to users based on consumption.
interRel Consulting is an Oracle partner that helped to implement HPCM at MD Anderson Cancer Center, where HPCM has been used to determine costs down to the resources level. As CEO Edward Roske said, HPCM “helps them to understand medical resource allocations and helps to save more lives with ever reducing resources.”
SIBS Forward Payment Solutions attribute their process efficiency gains and competitive advantage to the implementation of Oracle HPCM.
For more information on Oracle Hyperion Profitability and Cost Management, click here
To view “Is Your Enterprise Truly Focused on Profit?” – an Oracle Infographic that highlights the benefits of HPCM, click here
To view “Business Transformation Through Focused Profitability and Cost Analysis” – an Oracle whitepaper on HPCM, click here