Wednesday Apr 10, 2013

Planning at the Speed of Business with Hyperion Planning on Oracle Exalytics

Oracle’s corporate strategy is based on simplifying IT and powering innovation for our customers. As part of that, we recently announced a series of new Oracle In-Memory Applications and released several white papers focusing on how Oracle Engineered Systems can help customers run their business processes without constraints.
In the world of enterprise planning, this includes implementing best practices like driver-based rolling forecasts, “tapping into the wisdom of crowds” in the forecasting process, and aligning financial and operational planning. While customers strive to actually implement these best practices, system constraints often get in the way. In fact, in a study done by Dynamic Markets for Oracle in 2011, a staggering 95% of respondents said they encountered problems with their current planning systems, especially around data, timeliness and analyzing different scenarios.

Deploying Oracle Hyperion Planning on the Oracle Exalytics In-Memory Machine changes the game by delivering some remarkable performance capabilities at lower cost than ever before possible. In-memory technology can dramatically accelerate analytic performance and enable more innovative decision-making. Exalytics drives a new class of smarter and more powerful analytic applications that simply weren’t possible using conventional planning software and generic hardware configurations.

Consider the following results from early customer benchmarks:

+ 5X to 100X faster interactivity, leading to better decisions and accuracy

+ 6X to 10X faster planning cycles

+ 5X reduction in server footprint, resulting in lower TCO

So what does this mean for you? It means you can more feasibly address the new realities of today’s planning environment. You can speed up your planning and forecasting processes, while planning in more detail and for more users across the organization. Moreover, you can extend planning beyond Finance, run more complex planning models, and ultimately increase your forecast accuracy. Improvements in forecast accuracy translate into substantial business value – industry analysts estimate that even a nominal 3% improvement in accuracy could drive as much a 2% gain in profit margins. And isn’t increasing business value what Finance is all about?

For more information about Oracle Hyperion Planning and EPM applications running on Oracle Exalytics, you can find the new whitepapers on oracle.com here:

+ Oracle Exalytics In-Memory Machine: Enterprise Planning without Constraints (PDF)
+ Oracle Hyperion EPM Applications on Oracle Exalytics In-Memory Machine: Performance Management without Constraints (PDF)
+ Management Reporting on Oracle Exalytics In-Memory Machine (PDF)
+ Achieving a Virtual Financial Close with Oracle Exalytics In-Memory Machine (PDF)
You can also listen to the replay of a recent webcast about how Biogen Idec, working with Peloton Group, is leveraging Oracle Exalytics to transform planning processes. Click here to listen to the replay.

Monday Mar 04, 2013

Bridging the Gap Between Project Management and the CFO’s Office

Organizations undertake numerous projects and initiatives to generate revenue,  improve productivity and increase profits in the hope that they will have the desired effect. But in large and multi-national companies, how can they sensibly and efficiently decide which projects to undertake, how to assign resources, and how to fund them?

Aligning organizational plans (long term and short term) with financial plans and forecasts while enabling the various Lines of Business (LOBs) to lead the projects might sound like it would be next to impossible, but with proper project financial planning tools, it can work really well!

Whether you have indirect (or administrative projects) that generate cost but not revenue, capital projects or contract projects (that generate cost and revenue), or a combination of them, having a well defined, easy to navigate process for documenting, evaluating , funding and approving multiple projects from many LOBs is crucial for forecasting cost and revenues, and booking resources and staff.


Consider these steps:


Step 1: Plan for expenses and revenues (where appropriate), by individual project – and by groups of projects

Step 2: Generate and analyze project financials for individual projects and groups of projects

Step 3: Analyze the funding requirements and revenue generation potential for individual projects and groups of projects

Step 4: Analyze and approve workforce requirements and asset requirements for individual projects and groups of projects

Step 5: Enable the analysis, and approval process by Business Unit Leaders and Finance managers for individual projects and groups of projects within the overall financial plan

Step 6: Enable intercompany project planning and reconciliation to get a complete corporate view of projects within the overall financial plan

Step 7: Enable continued monitoring of project financials within the overall financial plan


Oracle Hyperion Project Financial Planning embraces these steps and provides the needed structure and automation to simplify an otherwise complex set of processes.

When proposing and planning new initiatives, understanding the financial implications on corporate financial plans and objectives and gaining consensus among all concerned parties are a major challenge for many organizations. Without good financial and operational information for both proposed and current projects, it is difficult to analyze and make decisions on new projects to undertake. Oracle Hyperion Project Financial Planning provides the ability for all involved parties to help with this decision making.

It bridges the gap between the detailed task oriented project plans that a project manager within each LOB maintains, and the overall impact of projects on corporate finances and resources. Management can get a holistic view of how their assets and resources are allocated, and then monitor performance and receive information about return on investment (ROI).

Oracle Hyperion Project Financial Planning bridges the gap between LOB project management and the financial plans and forecasts within the CFO’s office.

For more information, click here to read Oracle’s new whitepaper on Oracle Hyperion Project Financial Planning: Aligning Financial and Project Plans.

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