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What is Oracle HFM?

Oracle HFM Software

Oracle HFM is a finance tool that supports Consolidation, Reporting, and Analysis in a single application. It gives your Finance team the ability to close and report financial results quickly, meet worldwide regulatory requirements, and reduce the cost of compliance.

While intuitive and powerful for Consolidation and Reporting, it also has a very flexible model that can adapt to an ever-changing environment and is also one of the leading SOX compliance-ready solutions.

The key features of Oracle HFM include:

  • Reducing your consolidation, close, and reporting cycles by days or weeks
  • Delivering timely results, both internally and externally
  • Reducing the cost of compliance
  • Delivering a single version of the truth to improve both internal and external transparency
  • Providing confidence in your financial results by maintaining a regulatory filing to the general ledger audit trail
  • Conducting detailed analysis of key performance and operational metrics.

Any well-designed consolidation solutions are not separate and isolated data silos. Instead, they depend on information from and pass information to, operational and financial systems from around your organization. Oracle�s solution includes a range of data management options that provide you option to choose what is right for your organization.

Hyperion Financial Management can also easily integrate with all Hyperion tools, including Hyperion Planning and Essbase, where data can be shared between the solutions, allowing you more time to analyze your organization.

MindStream Analytics is a premier consulting and advisory firm focused on helping clients improve business understanding and decision making. With years of experience in the Advanced Analytics and Enterprise Performance Management (EPM) practices, MindStream�s innovations in Finance led to us being selected as one of the 30 Most Influential Companies in 2020 by CIO Bulletin. MindStream's Award-Winning AppCare for Oracle customers has been selected as one of Channel Futures Top 501 Managed Services offerings in the World.

MindStream can help you discover more about Oracle HFM and its full scope of capabilities. Our consultants offer expertise in the EPM and Analytics space � we are proud to say that our team has a blend of business and technical experience, which is critical for strategic finance solutions.

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