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Simon Property Group

Case Study

Client Name:

Simon Property Group

Industry

Services

Solution

Oracle Hyperion
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Hyperion Financial Management Improvements Coupled With Level-2 Application Managed Services Support Reduced Consolidation Time

Simon Property Group

Simon Property Group is the largest shopping mall owner in the United States, with a portfolio of more than 320 commercial properties totaling roughly 250 million square feet of leasable space. The self-managed real estate investment trust owns, develops, and manages shopping malls, outlet malls, boutique malls, and shopping centers across the United States and internationally.

As the business relied on Hyperion Financial Management for corporate consolidation, application performance became a serious issue for the accounting team. MindStream Analytics was brought in to improve performance, reduce consolidation time, and strengthen long-term support for the environment.

The engagement focused not only on solving an urgent operational problem, but also on improving the maintainability and resilience of Simon’s broader Hyperion ecosystem for the future.

The Challenge:

Simon’s existing Hyperion Financial Management production application was consolidating at a rate of roughly seven hours, creating major frustration for corporate accounting. In addition to that performance problem, the organization also needed broader Hyperion Financial Management and Financial Data Quality Management support to keep the environment healthy over time.

Corporate consolidation was taking around seven hours, creating major performance bottlenecks for accounting.
The organization needed application optimization and maintenance to reduce consolidation times significantly.
Simon also needed ongoing Hyperion Financial Management and Financial Data Quality Management support for rules, metadata, applications, reporting, and FDM.
The business needed access to long-term Hyperion skill sets so future maintenance could be handled effectively without recurring consolidation slowdowns.

The Solution

To significantly reduce consolidation time, Simon engaged MindStream Analytics to provide advisory and consulting services focused on application optimization. MindStream determined that the original hierarchies needed to be moved into multiple applications, allowing structural changes that would materially reduce consolidation performance time.

A team of senior MindStream specialists quickly created multiple new HFM applications and expertly divided the current hierarchies. This created more opportunities to simplify business rules and streamline data sets while improving the overall process flow.

The work was designed to solve the immediate performance bottleneck while also improving the supportability of the broader environment. By addressing both structure and support at the same time, MindStream helped Simon create a more sustainable operational model for Hyperion administration.

Key solution components included:

Provided advisory and consulting services to identify and resolve the root causes of consolidation performance issues.
Moved original hierarchies into multiple applications to enable structural improvements and faster performance.
Created multiple new HFM applications to divide current hierarchies more effectively.
Simplified business rules and data sets to support a more efficient consolidation process.
Delivered Level 2 managed services support for rules, metadata, applications, reporting, and Financial Data Quality Management.
Strengthened the internal administration of the Hyperion environment so Simon could sustain better performance over time.

The Result

With the streamlined process flow in place, corporate consolidation times dropped from several hours to less than one hour. This was a dramatic improvement for the accounting team and immediately addressed one of the most painful operational issues in the environment.

Beyond the immediate performance gains, Simon also put a stronger support model in place by engaging MindStream’s managed services solution. That combination of optimization and ongoing support helped the organization improve both current operations and future maintainability.

Corporate consolidation times were reduced from roughly seven hours to less than one hour.
Application structures were improved in ways that supported faster performance and more efficient process flow.
Business rules and data sets were simplified to reduce complexity and support better ongoing administration.
Simon gained Level 2 support for rules, metadata, applications, reporting, and Financial Data Quality Management.
The organization optimized its application for immediate needs while also strengthening long-term Hyperion administration.
The engagement helped Simon address a pressing accounting pain point while building a stronger foundation for future support and maintenance.

What was Simon Property Group’s main problem?

Its Hyperion Financial Management application was consolidating in about seven hours, which created major performance issues for corporate accounting.

What did MindStream change to improve performance?

MindStream moved hierarchies into multiple HFM applications and simplified related rules and data sets to improve process flow and speed.

How much did consolidation time improve?

Consolidation time dropped from several hours to less than one hour.

Did the project include ongoing support?

Yes, Simon engaged MindStream for Level 2 managed services support across rules, metadata, applications, reporting, and FDM.