With a comprehensive set of applications for financial planning, budgeting, forecasting, and consolidation, Oracle Hyperion enables organizations to gain valuable insights into their financial performance and drive business growth.
Oracle Hyperion’s powerful suite of corporate performance management and business intelligence tools empowers organizations to achieve strategic goals, drive profitability, reduce total cost of ownership, and make better decisions.
In this article, we discuss the transformative capabilities and real-world applications of Oracle Hyperion, exploring its significant impact on improving financial processes and decision-making for businesses across industries and where our team of expert Oracle consultants can fit in your organization.
What is Oracle Hyperion?
Oracle Hyperion is a complete enterprise performance management (EPM) software product used for centralized planning, budgeting, forecasting, and consolidation.
The Hyperion Suite offers various modules that tap into the power of modern artificial intelligence and machine learning functionality to improve financial data management and movement, such as Hyperion Planning, Hyperion Financial Management (HFM), Hyperion Essbase, and Hyperion Profitability and Cost Management.
Hyperion products are widely used by businesses of all sizes and industries, enabling them to streamline critical financial management processes, improve decision-making, and optimize user and system performance across the enterprise.
Understanding the Big Three Hyperion Solutions
Oracle Hyperion offers a comprehensive suite of applications used to handle everything from creating audit trails for regulatory documentation to monitoring financial consolidation and close processes, building budget and forecast reports, and more.
Here’s a closer look at the core capabilities and advantages of the main solutions included in the Hyperion suite:
Oracle Hyperion Financial Management
Oracle Hyperion Financial Management tools provide intuitive functionality that allows organizations to manage financial consolidation and close effectively, ensure their applications meet critical business requirements, and facilitate accurate, reliable, timely, streamlined, compliant, and auditable processes.
Through superior application deployment, management tools, and other intelligent process management capabilities, Hyperion Financial Management supports configurable out-of-the-box consolidations on cloud and on-premise systems and automates core processes for improved efficiency.
Features
- Improve internal and external transparency and reduce total compliance costs by managing critical financial data in a single source of truth
- Maintain regulatory filing and general ledger audit trails to improve financial results and deliver timely business results
- Gain comprehensive insights through packaged regulatory reporting functionality
- Reduce reporting, consolidation, and close cycles to improve overall business process efficiency
- Conduct in-depth analysis of key performance and operational indicators
Benefits
- Easy to use and maintain features with no complex infrastructure requirements
- End-to-end financial consolidation and close capabilities
- Configurable financial management framework tailored to unique organizational requirements
- Out-of-the-box best practices for a quick and easy deployment lifecycle
- Robust dashboards, reporting, and analytics capabilities for improved planning insight
Oracle Hyperion Planning
The Oracle Hyperion Planning platform provides an agile planning, budgeting, and forecasting solution that empowers organizations to deliver reliable financial forecasts, access timely insights into sales and operational processes, and achieve total enterprise alignment through strategic decision-making.
Hyperion Planning also integrates financial and operational planning processes to improve predictability, streamline reporting, and analyze critical financial aspects for more informed business decisions.
Features
- Reduce planning, budgeting, and forecasting cycles with improved accuracy
- Eliminate the time lag between plans being updated and associated reports being refreshed
- Reduce cost of ownership through intuitive app deployment, data integration, reporting, and management tools
- Improve the learning curve through an intelligent Microsoft Office-based interface
- Deploy in a third-party data center, Oracle Cloud applications, and on-premises systems
Benefits
- Anytime, anywhere mobile capabilities to improve efficiency and reduce planning cycles
- Intuitive foundation to simplify the transition to Enterprise Business Planning
- Familiar interface functionality, including prebuilt integrations with Microsoft Office
- Customized Web user interface capabilities to appeal to a broader user community
- Better business predictability and forecast reliability for reduced cycle times
Oracle Hyperion Profitability and Cost Management
Oracle Hyperion Profitability and Cost Management is an intelligent performance management application that improves business predictability and profitability by empowering users with enhanced data visibility, flexibility, and alignment.
Unlike non-integrated EPM vendors and traditional activity-based cost management tools, the Hyperion Profitability and Cost Management platform shares a common foundation with other areas of the Oracle enterprise platform and supports both cost and revenue management in the same place.
Features
- Built-in support for cost, revenue, and financial information management
- Flexible allocations platform with tools for various methods, like ABC, time estimation, and more
- Actionable insights into actual costs and real-time profitability data
- Single point of maintenance and packaged data integration capabilities to reduce the total cost of ownership and administration
- Integration framework that connects profitability and cost management data with other Hyperion performance management applications
Benefits
- Gain insights into critical profitability drivers by analyzing revenue, costs, and margins
- Allocate costs to products, services, and activities based on their actual consumption and compare against planned data to ensure transparency in cost distribution
- Leverage a unified view of costs across the enterprise to improve cost transparency and visibility
- Streamline planning and budgeting processes by integrating core profitability and cost data with financial planning and budgeting activities
- Utilize enhanced visibility into profitability and cost drivers to improve overall performance management and enhance decision-making
Getting Started with Our Team
From identifying key areas of improvement across your current operational planning processes to outlining critical financial reporting objectives, monitoring overall enterprise performance management, and improving knowledge transfer between business teams, Surety Systems has you covered.
Our team of senior-level Oracle consultants has the right skills, experience, and product expertise to handle all your project needs and ensure your internal teams are prepared for long-term success.
Contact Us
For more information about our Oracle consulting services or to get connected with our team of expert Oracle consultants, contact us today.
