Hyperion Replacement

Hyperion Replacement

Oracle's Hyperion enterprise performance management (EPM) applications have been in the market for years and have helped many organizations improve their budgeting, planning, forecasting, consolidation and reporting processes. However, the architecture of these applications has made them costly to deploy, maintain and upgrade, especially for large enterprises with extensive deployments.

In recent years, Oracle has moved focus from their on-premise Hyperion applications to their Cloud EPM applications. While this shift alleviates the need to set up and maintain infrastructure to support the applications, the architecture of Oracle's Cloud EPM applications may lack some the capabilities of their on-premise ancestors.

Hyperion customers are now considering alternatives before committing to migrate to the cloud, and OneStream Software XF SmartCPM platform is a proven alternative to Oracle Hyperion and other legacy applications. OneStream provides a unified, extensible CPM platform that allows mid- to large-size organizations to modernize finance and reduce complexity in the cloud or on-premise.

OneStream SmartCPM simplifies and aligns financial consolidation, planning, reporting and data quality processes across the enterprise. Their XF MarketPlace allows customers to extend their investment with pre-built solutions and customization capabilities including Account Reconciliations, Close Manager, Task Manager, Disclosure Management, Compliance Solutions, and Capex Planning.

OneStream XF eliminates the risk and complexity of data integration, validation and reconciliation between multiple products, applications or modules.

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The recent IBM Big Data @ Work survey confirms that most organizations are currently in the early stages of big data planning and development efforts, with the majority focused either on understanding the concepts (24 percent) or defining a roadmap related to big data (47 percent). Wherever you are on your journey, MindStream Analytics will assist with creating an Analytics Road Map so that the right technology will be in place to support your Analytics strategy.

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