By David A. Kelly
Oracle Hyperion Financial Management is one aspect of Oracle’s enterprise performance management (EPM) solution. Oracle Hyperion Financial Management and related Hyperion products are typically focused on planning, forecasting, financial consolidation, and forward-looking analysis. In addition, Oracle offers a set of business intelligence applications that enable reporting and analysis by functional area. Both the performance management and business intelligence solutions leverage the Oracle Business Intelligence foundation and Oracle Fusion Middleware to integrate data from multiple sources and provide dashboards, reporting, and analysis.
Within the enterprise performance management arena, Oracle’s solutions focus on four main areas:
Although the Oracle Hyperion products address all those business needs, the solution is modular and can be used in any combination.
“There are two main starting points for most organizations when it comes to performance management,” says John O’Rourke, vice president, product marketing, Oracle Enterprise Performance Management Global Business Unit. “The first is the financial consolidation reporting area, where we have more than 1,700 companies like CEVA using Oracle Hyperion Financial Management to do their financial consolidation reporting. The second major starting point is budgeting and planning, where we have more than 2,500 companies using Oracle Hyperion Planning to help improve their budgeting, planning, and forecasting processes.”
Oracle is continuing to extend the functionality of its Hyperion family with an increased focus on integration, including even closer integration with Oracle Fusion Middleware, Oracle’s business intelligence solutions, Oracle E-Business Suite, and Oracle’s PeopleSoft and JD Edwards applications, enabling improved data integration drill-through capabilities. Such integrations will continue to provide a seamless experience among the different applications and help to lower the cost of ownership.
Another key theme for Hyperion updates is innovation, with planned new features such as a disclosure management module that will make it easier for organizations to complete the last step in the financial process of creating regulatory filings such as 10-Ks and 10-Qs, which require a combination of financial information along with textual discussion, analysis, and explanations.
Photography by Shutterstock