Whether it’s internal changes based on re-organization or business lines, or external requirements including new regulations, corporate finance teams need robust solutions that delivering information more quickly and accurately than ever. Employing up-to-date applications, including cloud-based solutions, can be the most effective way for companies to leverage functionality that meets the latest financial reporting challenges.
Source: Oracle Survey, EPM Plans for 2015
As with any upgrade, users want to know if the changes address their specific pain points. How does it align with our mobility plan? If it’s compliant with some third party vendors, is my current system on that list? Where does management of supplemental data fit into my plan (and budget)? Take a look at Hyperion version 11.1.2.4 and the top 5 points to consider when deciding whether an upgrade meets your current needs.
1. The Hyperion Financial Management (HFM) has been rewritten to provide:
• Increased Performance
– Tests show HFM version 11.1.2.4 has faster performance for both consolidation and data load times via just a technical upgrade
• Platform Independence
– HFM is now certified to run on MS Windows and Oracle Enterprise Linux Support
• Exalytics Compatibility
– HFM version 11.1.2.4 is certified on Oracle Exalytics which provides fast performance for both BI and EPM applications.
– Exalytics In additional Exalytics allows for server consolidation vs. traditional commodity hardware
• Features and Functionality
– Metadata Merge Utility
– Configuration Settings from the web
– Web Profile Editor (no windows client)
– Selection of Multiple Files for load actions
2. Compliance with 3rd party software products – Bring you third party software versions up to date with Hyperion version 11.1.2.4. Oracle has certified the following 3rd party software platforms with Hyperion 11.1.2.4
o Microsoft Windows Server 2012
o Internet Explorer 11
o Microsoft Office 2013
3. Supplemental Data Manager
A new module available as part of the Financial Close Manager (FCM) suite only available in version 11.1.2.4
– Management of supplemental data
• Financial / Non-Financial
• Workflow
– Integration with HFM
• Metadata / Data
• Post / Drill Back
– Integration with Smart View
– Dashboard / Reporting
4. Enterprise Performance Reporting Cloud Service (EPRCS)
Oracle Enterprise Performance Reporting Cloud Service is a purpose-built solution for management and narrative reporting. It provides a secure, collaborative, process-driven approach for defining, authoring, reviewing and publishing financial and management report packages for internal and external stakeholders.
– Easy Integration with Oracle and non-Oracle Sources
• On Premise and Cloud
• Spreadsheets/EPM/OBIEE and Native Databases
– Create grids, charts and reports using Microsoft Office tools
– Collaborative
– Access reports via mobile, web or Microsoft Office
Source: Oracle Survey, EPM Plans for 2015
5. Oracle EPM Mobile
Oracle EPM Mobile App provides mobile access to planning, financial close and tax provision review and approval processes enabling broader participation and unlocking productivity gains and business value across the entire enterprise.
– Updated to support Close Manager & DRG (DRM)
So if these top 5 reasons are relevant to you, contact Perficient to answer questions and assist you with your Hyperion upgrade roadmap.
Perficient Contact:
Santhosh Nair
General Manager, Oracle EPM
santhosh.nair@perficient.com
