There is always very much confusion surrounding the topic of currency translation in Oracle Hyperion Financial Management (HFM). I will focus here on one of its more challenging aspects – translation of equity/capital accounts, aka historical translation. I will be arguing that: “Override accounts”, the traditional design for historical translations, is not the best fit […]
Posts Tagged ‘Currency Translation’
Currency Translation in Hyperion Planning – A Custom Approach
It has become a common requirement in multi-national organizations to collect budgets and forecasts in local currency and expect automated currency translation as part of their Hyperion Planning application. This is for good reason: the operating units don’t want the hassle of translating to reporting currencies, corporate FP&A needs to report group and consolidated forecasts […]
Integrating HFM and Planning Multi-Currency Applications
I am often asked by clients and colleagues why Hyperion Financial Management and Hyperion Planning are so different. It’s typically when they are struggling to build an interface between the two, and they can’t reconcile converted currencies. So today I want to share some of the industry’s best practices that should be taken into consideration […]