Oracle's Hyperion Financial Management (HFM) is a web-based Financial Consolidation, reporting and analysis tool that provides financial stakeholders with the ability to rapidly close and report financial results, meet global regulatory requirements, reduce the cost of compliance and deliver confidence in the numbers. This is delivered in a single, highly scalable software solution, using today's most advance technology, yet is built to be owned and maintained by the enterprise's finance team.
In today's rapidly changing Corporate environment, a client's organizational structure is more regularly being updated. Hyperion Financial Management (HFM), while one of the most intuitive and powerful tools in the market for Financial Consolidation and Reporting, also has a very flexible model in being able to adapt to an ever changing environment. HFM's "Custom Dimension" model allows the company to report on key management metrics, while also providing the critical regulatory reporting required for USGAAP and the SEC. In addition, it is one of the leading SOX compliance ready tools in the Financial Consolidation market, with its powerful Process Management tool, where validation and approval of data has never been easier or more comprehensive.
Hyperion Financial Management (HFM) runs off a standard relational database management platform, and will accommodate metadata and data from any source through ETL tools, Data Mapping tools (such as Financial Data Quality Management), delimited text, direct input (through a variety of out-of-box and custom built data grids and forms), or through the audit-ready and compliant Journals module. HFM uses advanced sub-cube processing technology to be able to process, consolidate and report your data in a very efficient and timely manner, insuring accurate financials and instant access to your reporting.
The relational repository also allows HFM to collect textual information critical to a coordinated understanding of the financials. As with all Hyperion products, along with its web software application, HFM also has an add-in with Microsoft Office (called Smart View) which allows users to input, manage, and report their data in Microsoft Excel, Word, or Powerpoint, an environment comfortable to most finance users.
Hyperion Financial Management is part of Oracle's Hyperion EPM software suite and is often utilized with Hyperion Financial Reports and Web Analysis to provide top notch reporting and graphical capabilities, including Dashboards. HFM can also easily integrate with all Hyperion tools, including Hyperion Planning and Essbase, where data can be shared between applications; your company can spend more time analyzing your business, and not just reporting on it.
MindStream Analytics can help you learn more about Hyperion Financial Management and its full scope of capabilities. Our consultants have a long-standing history of quality services within the Hyperion community, including the ODTUG, Oracle Application User Group's (OAUG) and their Hyperion Special Interest Groups (SIG).
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