Oracle's Hyperion Financial Management (HFM) is a web-based Financial Consolidation , reporting and analysis tool
It 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.
Partner SpotLight
Oracle
Oracle has the most comprehensive suite of integrated, global business applications that enable organizations to make better decisions, reduce cost
Our Company
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).
Case Studies
Accumen
Thanks to the intervention of MindStream Analytics, Accumen's Finance department can now model their business with a new, more organized structure that isn't conventionally available in NetSuite.
Acme Brick
Acme Brick turned to MindStream Analytics for help implementing OneStream to replace their outdated TM1 solution.
Alterra
Alterra sought the expertise of MindStream to address the challenges they faced in their Capital Planning process.
ATCO Group
Energy conglomerate ATCO operates worldwide in utilities, power generation, and related services.
Avalon
Working with MindStream Analytics, Avalon Healthcare Solutions adopts NetSuite Planning and Budgeting to accelerate budgeting and forecasting processes.
Bayer Health Care
Bayer Healthcare implemented Hyperion Planning and Workforce Planning in 10 weeks to dramatically streamline their Income Statement budget and Workforce Planning process..
BluEarth
MindStream Analytics' partnership with BluEarth Renewables epitomizes the power of technology and collaboration.
Celgene
An Oracle Hyperion Planning Upgrade provides multi-national organization Hyperion Application optimization and stabilization.
Cleaver Brooks
OneStream XF was chosen as the platform that would transform Cleaver-Brooks' Finance processes.
CoorsTek
The collaboration between CoorsTek and MindStream resulted in significant improvements in CoorsTek's financial consolidation and reporting processes.
Elite Body Sculpture
MindStream Analytics' collaboration with Elite Body Sculpture encapsulates the transformative potential of targeted tech solutions in streamlining administrative processes.
Enlyte
Enlyte, a merger of Mitchell, Genex, and Coventry, faced challenges with disparate financial solutions and the need for combined reporting.
Flanders
MindStream Analytics collaborated with Flanders to implement OneStream Consolidation and Reporting solution.
Foley Products
Foley Products was facing a significant challenge with its Excel-based actual management reporting system.
Harte Hanks
The collaboration between MindStream Analytics and Harte Hanks culminated in a highly customized, user-friendly NetSuite implementation.
Interface
Interface used a complex, manual, excel-based FP&A process for monthly review, and the summary data was loaded in OneStream.
Kymera International
Thanks to Mindstream Analytics' assistance, Kymera was able to load all of their data into OneStream and validate it successfully.
MacLean Fogg
MacLean-Fogg partnered with MindStream, a leading implementor specializing in modernizing and optimizing enterprise systems.
MEPPI
MindStream's expertise and experience were sought to conduct a vendor selection initiative focusing on MEPPI's F2023 planning process.
OUAI
MindStream Analytics and OUAI's collaboration showcases the transformative power of strategic technological intervention.
Plaskolite
By migrating to OneStream, Plaskolite has achieved a material reduction in consolidation time and overall Financial Close cycle, eliminated the hours spent compiling and verifying data in Excel, streamlined its Planning, Budgeting and Forecasting model and delivered flexible and timely reporting that enables more strategic analysis of their financial data.
Redwire
Understanding the nuances of Redwire's challenges, MindStream Analytics devised a holistic approach to overcome them. The implementation of NetSuite was just the beginning.
Simon
Simon's existing corporate Hyperion Financial Management (HFM) production application was consolidating at a rate of seven hours, a performance issue causing great headache to corporate Accounting.
Source Code
The successful transition to OneStream revolutionized Source Code's financial reporting.
Subway
Subway collaborated with MindStream Analytics for the NetSuite Analytics Warehouse implementation.
UPenn
MindStream Consulting and AppCare team members are proud be working side by side with UPenn university in accomplishing this implementation and along with continuing our AppCare services after go-live.
USG
USG was an Oracle Hyperion customer realizing that it needed more specialized support for its various Oracle Hyperion applications.
Vantiv
Dividing a hyperion planning application, expanding the hyperion footprint to forecast on the business? Customer categories.
Versant Health
Versant Health engaged MindStream to help resolve the challenges they were experiencing with their consolidation, close, and financial reporting processes.
Virginia Spaceport Authority
The MindStream team implemented the Standard + Workforce NetSuite Planning & Budgeting.
WeWork
MindStream Analytics determined that the best solution was to implement Oracle Essbase Cloud as part of the Oracle Analytics Cloud (OAC) platform-as-a-service
WindStream
Innovative use of essbase to streamline and connect hyperion financial management for enhanced financial analysis.
XY Planning
MindStream Analytics, well-versed in addressing such challenges, presented a comprehensive Netsuite solution for XY Planning.