Oracle and Hyperion
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
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 EPM:
Augmented organizational flexibility
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
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 EPM 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
MindStream Analytics has years of experience dealing with these questions and working with companies and their EPM needs.
EPM 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.
Contact MindStream Analytics
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