Saturday, 8 February 2014

Hyperion Financial Management

Description:
Oracle's Hyperion Financial Management is a comprehensive, Web-based application that delivers global collection, financial consolidation, reporting, and analysis in one highly scalable solution. Powerful multidimensional analysis identifies and reports new sources of profitability and cash flow at corporate, cost center, product, brand, customer, and channel levels.

Inter-company elimination:
Happens automatically based on default system logic. Default logic can be modified for specific requirements using business rules.

Ownership Management:
Ownership definition includes consolidation methods, percent owned, percent consolidated, percent control based on entities voting shares, percent of direct ownership and active inactive status.

Data drill down:
Latest HFM version allows complete drill down of data from top parent to the GL data files loaded from SAP or other source systems.

Security Management:
Provides a separate Shared Services application for security management of all Hyperion applications as a single repository.

Journal Entries:
A strong and user friendly journal management module which allows journals to be segregated based on individual unit's security. Journals can be posted in balanced, unbalanced (can be allowed to set of users through provisioning) and balanced by entity form.

Financial Calculations:
Financial calculations are based on easy to write and understand business rules in VB scripts. This may have logic for Minority Interest calculation, reclassification, roll forwards, cash flow, retained earning calculations, equity override, etc under one single file.

Data Allocations:
Data allocation can be done directly on the Web grids or web forms.

Planning Capabilities:
Can be seamlessly integrated with Hyperion Planning product.

Reporting:
HFM is supported by number of reporting tools which can be used depending on customer's reporting requirements. These include Smart View (excel addin) for reporting and adhoc analysis, Financial Reporting, Interactive Reporting, Web Analysis, etc. The reports can be easily exported to excel, word, pdf and power point.

Application Architecture:

The Web-based architecture of Oracle Hyperion Financial Management lets users input, consolidate, and access global financial information quickly, easily, and securely from any location using a standard browser. Relational data storage ensures that mission-critical data is available to users anywhere at any time. Oracle Hyperion Financial Data Quality Management Enterprise Edition is a popular option for an end-user focused integration process.

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Techthinkerslab Staff




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