What is Oracle Essabase Analytical Link for HFM?
Your company has some of the leading tools in the Enterprise Performance Management space - Oracle's Hyperion Financial Management (HFM) for financial consolidation and reporting, and Hyperion Essbase, a robust analytical tool with a multi-dimensional engine. But until now, transferring data between the two tools has been a manual process with possible data synchronization and quality concerns.
The challenge today is to access the detailed, statutory, consolidation and aggregations rules built in HFM and blend it with other operational data sources to create consistent, advanced metrics that provide even more detailed support for reported statutory (GAAP) results.
Oracle's Essbase Analytics Link for HFM (Oracle's former HyperRoll product) can facilitate, seamlessly, that near-live or on-demand integration of HFM to Essbase, resulting in a single, more comprehensive reporting solution. Analytic Link effectively eliminates data latency ? pushing data changes automatically to Oracle Essbase in seconds. In addition data can be transferred on demand depending on your requirements. With Oracle Essbase Analytics Link for Hyperion Financial Management you can run as many large extracts as you like without adding any workload to the Oracle Hyperion Financial Management consolidation servers. The integration also reduces risk and ensures data integrity and reliability between source and target systems. The Essbase Analytics Link can also be used to push Oracle Hyperion Financial Management information into a standard relational database for consumption with other traditional query and reporting tools.
The Essbase Analytics Link simplifies the implementation of Essbase cubes based on HFM applications with just a few clicks by an HFM user with no prior knowledge of Essbase. IT costs are reduced due to the ease and speed of implementation and limited hardware requirements. The Analytics Link is made up of 5 components that access, manage metadata extracts and data coming from HFM, create the Oracle Essbase outline then initializes and creates the Analytics Link application and provides the user interface to maintain Analytic s Link components.
MindStream Analytics can help you learn more about Oracle's Essbase Analytics Link for Hyperion Financial Management and its full scope of capabilities. MindStream has the expertise to make your next EPM implementation a success.
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