Oracle Hyperion: Enterprise Performance Management
Oracle Hyperion provides enterprise performance management capabilities for planning, consolidation, reporting, analytics, and financial control.
In 2007, Oracle acquired Hyperion, a leading provider of performance management software. The transaction extends Oracle’s business intelligence capabilities to offer the most comprehensive system for enterprise performance management . Over the past few years, Oracle has significantly reoriented our business intelligence product strategy, shifting our focus from offering a solution that works for Oracle-only environments towards offering a best-of-breed business intelligence and performance management product family that will work with heterogeneous information sources in an enterprise, both Oracle and non-Oracle.
Business continues to change at an ever more rapid pace. Volatile market dynamics have immediate impact on a global scale. Organizations today are faced with higher degrees of uncertainty, forcing them to reinvent management practices, and to develop superior capabilities to manage the current performance and long term sustainability of their business. Corporate Boards and regulators are placing greater demands for transparency and accountability on these organizations. These new demands are piled on top of the traditional risks of globalization, deregulation, technology advancements, and commoditization. Data is also becoming increasingly more complex, less insightful and more difficult to analyze. As a result, executives are facing more pressure to ensure that information about their operations is correct and consistent. They must have confidence in their processes and in the results that they are reporting.
Enterprise Performance Management (EPM) is a management discipline that focuses on supporting integrated management processes on a strategic, financial and operational level enabling organizations to more effectively run their business. What if you could have timely, accurate, and relevant intelligence with which to plan and control your entire organization? What if you could have the most important metrics to measure the performance of the organization at your fingertips? What if all of your management systems could work together to provide what you need, when you need it?
There are many benefits to Oracle Hyperion Financial Management:
- Augmented organizational flexibility
- Improved communication
- Stakeholder alignment
- Governance and compliance
- Better preparation for changes
- Superior business management
- Connected business processes
- Defined Business process framework
- Accountability and visibility
- Timely actionable information
- Decreased total cost of ownership
- Increased return on investment
- Leverage ERP / CRM systems
- Increased predictability
- Reduced risk
- Strategic, competitive advantage
- Standardized management processes
- Enhanced efficiency and adaptability
As always there are many challenges to implementing, optimizing and realizing full value of an Oracle Hyperion system implementation. There are many factors that may lead to challenges for companies. How will my business process change? What changes can be made that better leverage the technology? How do we integrate the data? Who should have access to what? How can we optimize our system for performance and ease of maintenance?
MindStream Analytics has years of experience dealing with these questions and working with companies and their EPM needs. Oracle HFM can create a competitive advantage for the companies that adopt it by enabling them to anticipate and respond to a changing business climate faster than their peers. MindStream can help you achieve your advantage.
Want to know more about Oracle Hyperion? Fill the form below.
Why Oracle Hyperion remains a powerful EPM platform
The platform connects finance processes with governed data, calculations, workflows, and reporting. Organizations can support complex planning and close requirements while improving transparency and consistency across business units. A clear application strategy helps teams protect existing investments and plan practical modernization.
MindStream supports assessments, implementations, upgrades, integrations, performance tuning, training, and managed services. We help align architecture and operating procedures with reporting deadlines, control requirements, user needs, and future cloud priorities.
Explore Hyperion 11.2, Oracle EPM, Oracle EPM Cloud, financial data quality, and Oracle services. For current guidance, see Oracle EPM documentation.