Improve the confidence in Financial Results with HFM.
Oracle Hyperion Financial Management (HFM) is a comprehensive, web-based financial consolidation application with an exceptional reporting functionality. It provides financial managers the ability to rapidly consolidate and report financial results. To make it even more practical, it includes a Process Management module that gives visibility to the review and approval process of the data.
HFM, which is part of the Oracle Enterprise Performance Management suite, is a highly scalable solution, especially valuable to perform translations, intercompany eliminations and quick consolidations of financial data. Furthermore, it is a mature product, meaning that it has been fine-tuned over the years to incorporate the most advanced technology, making the currently available product highly efficient.
Uses a code that understands currency translations, can perform company eliminations with a minimum setup, and can as well be easily integrated with many ERP systems to load data.
The Hyperion Financial Management System Process
The reporting studio is complemented with the Excel add-in, and the Smart View add-in, so integrations with Microsoft word and PowerPoint are available. These features make it easier to conduct in-depth analysis of key performance and operational metrics.
Standard dimensions are already provided; extra configurable dimensions can be built in if the client wishes to include additional information within the application.
Oracle also offers a Business Intelligence and Reporting solution for the Hyperion Financial Management product, and it does not require complex queries to retrieve data and therefore enables faster query report response times, reducing consolidation, close, and reporting cycles by days or weeks.