Introduction To

Hyperion Financial Management

Introduction to Hyperion What is BI, BPM & EPM Categories of EPM HFM HFM Architecture Features of HFM Data Storage in HFM Data & Meta Data Other Consolidation Tools Application Creation Conclusion

Topics

Hyperion is an EPM system with Business Intelligence (BI) and Business Performance Management (BPM ) Tool

It has applications for Planning, consolidation, scorecarding, reporting, dashboards, Analysis, Workspace, Master Data Management and Foundation. 

Hyperion

BI tools enable organizations to analyze high volumes of information in order to have effective support during the decision-making process.

What is BI

Business performance management is a set of management and analytic processes that enable the management of an organization's performance to achieve one or more pre-selected goals. 

BPM

Enterprise Performance Management (EPM) is a management field of Business Performance Management which considers the visibility of operations in a closed-loop model across all facets of the enterprise.

What is EPM

EPM Products

EPM (OLAP)

Application Reporting Data

Management

HFM IR ODI Planning FR FDM Web Analysis DRM

Essbase

Categories of EPM

Oracle Hyperion Financial Management is a comprehensive, Web-based application that delivers global financial consolidation, reporting and analysis in a single, highly scalable software solution.

What is HFM

HFM Architecture

Close Life Cycle Process management for tight control of the

review and approval process Data Validation, Auditing. Currency translation to support multiple

local currencies Automatic eliminations for intercompany

transactions

Features of HFM

sub cubic format.

Dimensions

There are 12 dimensions for every HFM application

How the Data Stores in HFM

Metadata is defined as the structural elements of an application that describe and hold data.

Eg: Dimension names, Member names ,Properties ,Exchange Rates and security.

Data & Meta Data

HFM Tasks

Spreadsheet-based solutions are difficult to maintain and do not provide an audit trail. Auditors agree that spreadsheets are insufficient for financial consolidation and reporting today.

Point solutions for financial consolidations are built only for the statutory reporting process and are generally used by only a limited number of employees in the accounting department.

Older Consolidation Tools

5 steps for creating Application. Creating Application Profile. (Year, Period,

View) Creating Application. Managing Application Security. Managing Metadata. Load Data, Data Forms, Member Lists,

Rules, Journals, ICP to the Application.

Application Creation

->Financial closing & consolidation ->OLAP solution Extended Analysis Reporting Solutions HFR,I.R,Web-

analysis. ->Rules are written in Visual Basic script to

create calculations in HFM.->HFM Consolidate the data and use Data

management tool for loading the data like FDQM,ODI,DRM.

CONCLUSION

THANQ