Enterprise Dimension Management - Gaining Momentum
By jmorourke on Apr 26, 2011
One of the fastest-growing products in the Oracle Hyperion Enterprise Performance Management (EPM) product line is Hyperion Data Relationship Management (DRM). Why is this? Well, it appears that the concept of Enterprise Dimension Management is rapidly being embraced by customers as a core requirement and foundation technology to their EPM and BI strategies. Many organizations are implementing DRM as a starting point for their EPM or BI projects, or are adding it into the mix after they have deployed a number of EPM and/or Oracle Essbase applications.
The main value proposition of DRM, is that it serves as a data governance and change management solution for dimensions and hierarchies that are used in EPM applications, Essbase applications, data warehouses and transactional systems. These dimensions can include charts of accounts, organizational hierarchies, legal entity structures, product hierarchies, sales territories, fiscal calendars and others. Historically, this "master data" is maintained in multiple systems, which can lead to inconsistencies in reporting and reconciliation issues. DRM allows this information to be defined and maintained in a single system, where business users can submit change requests, validation and approval can occur, and the changes can be consistently and accurately replicated into all of the impacted systems.
Most organizations create and maintain their dimensions and hierarchies within the DRM application while some import the data from other applications, such as a general ledger or ERP system and perform the mapping in DRM. The application is often used for scenario modeling of reorganizations, integration of acquired companies, and modeling alternative hierarchies. The audit trail and versioning capabilities of DRM make it an important tool for supporting organizational change management. Since dimensions are intrinsically linked to operations, DRM also finds application as a ledger master that serves as a single system of entry and record for managing general ledger chart of accounts and enables the consistent mapping of local charts with a corporate chart of accounts.
The benefits of using DRM as a single version of the truth for corporate dimensions and hierarchies are clear - reduced costs of maintenance, consistency in reporting, improved data governance, improved user productivity, improved change management and business agility.
Gartner recently interviewed a number of Hyperion DRM customers and published a research note on the product and these customer experiences. Here's a link to the report:
If you would like more information about Oracle Hyperion Data Relationship Management, here's a link to the DRM page on Oracle's web site:http://www.oracle.com/us/solutions/ent-performance-bi/data-relationship-management-066553.html