Posts Tagged ‘Hyperion’

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 […]

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 […]

Like many of us, I have run into several essbase errors while creating/testing/implementing new applications and scripts.   Some of the errors have useful information in the log files or the error code’s description clearly reveals where the error lies, but there are those codes which provide little to no information or the accompanying error message […]

Help! My Menus in Hyperion Workspace are crammed on top of one another!! Disclaimer – If stacked menus don’t bug you, this blog is not for you.  True story – the other day I logged into a client’s workspace and my drop down menus were all on top of each other! My colleague was […]

I think most healthcare entities are now moving to a more frequent budget cycle and if academic, they probably have to do a semi-annual legislative budget. They probably also at a minimum re-forecast based on updated actuals once a quarter. Is their value though to gathering actuals daily or weekly and adjusting tactical plans based […]

The current issue of HFMA’s Healthcare Cost Containment newsletter reports that “Labor Cost Transparency” has surpassed “Healthcare Legislation and Mandates” as the biggest driver of healthcare costs according to more than 40% of CEO, CFO and other C-suite executives from more than 112 hospitals and health systems – a shift from six months ago.1 Costing […]

Is there a correlation between price transparency and cost? I read an article in the HFMA Strategic Financial Planning Newsletter recently about this and I can relate my personal experiences to it wholeheartedly. My observations are that hospitals segregate these two activities but I believe they are explicitly linked. I know there are many factors […]

The Perficient High-Performance Costing Expressway is powered by Oracle’s Hyperion Profitability and Cost Management as the costing engine and includes key data integrations to the Oracle Enterprise Health Analytics data model for data acquisition from the data warehouse.  We also equip the solution with baseline cost mappings to get started.   See the recent costing webinar […]

Healthcare costs are rising at a faster pace than the economy is growing. Hospitals are often the focus of this concern, because they constitute the largest single component of healthcare spending. When looking at hospital costs, it is important to keep in mind that there are both direct and indirect expenses that contribute to the […]

The recent departure of Walgreen’s CFO due to a large forecasting variance error, is a drastic reminder to all of us who have dedicated their careers to financial transformation, of the intense criticality of mastering the entire cycle of planning, budgeting, forecasting and reporting. 15 years ago when I started consulting with finance and accounting […]

This week, my colleagues within the Perficient Enterprise Performance Management team will be discussing Rapidly Deploying Budgeting and Forecasting with Oracle and Perficient on Wednesday, September 17, 2014 1:00 PM – 2:00 PM CT.  Join the webinar to listen in! As I mentioned in my Blog:  The good ‘ole budgeting days are back!, this solution […]

Embracing data-driven decision making in a healthcare setting requires agile thinking to pinpoint and respond to the short- and long-term needs of the organization. This shift requires finance departments to transcend from the typical focus on aggregating data to a value-added analytical view of hospital data. This new approach will provide greater visibility into changes […]