Most organizations today already have business intelligence solutions that offer them valuable information for planning and forecasting. These traditional solutions might offer valuable information, but do not deliver a complete and nonsectarian view of the entire business.
Sometimes, consolidating the data can be time-consuming. With so many systems in use today, 'small data' is growing into 'big data' and companies are finding it difficult to sift through it all. An enterprise data analysis solution is highly recommended to help businesses collect, integrate, analyze, and present business data. With an Enterprise Performance Management (EPM) system like Oracle Hyperion, business intelligence and decisions will be more effective, enabling organizations to reach performance goals, enhance efficiency and maximize business processes.
The Value of Oracle Hyperion
Oracle Hyperion is a suite of business intelligence solutions that consolidate data from various sources, querying and analyzing the data, and applying the results into an organization's business practices. Hyperion will enhance your process and help to identify or eliminate problems before they grow. Below are some popular solutions offered by Oracle Hyperion:
Oracle Hyperion Essbase - Instant data analysis
Oracle Essbase is a great analytics solution for every business user. It is integrated with other business tools like Microsoft Office and other intuitive reporting options. Providing realtime data analysis, users can process data fast without support from technical experts.
Data is also grouped into dimensions that represent time, products or customers. This categorization makes it easy to carry out comparative analysis, so that data is easily calculated or aggregated.
Oracle Hyperion Planning - Analyze, quantify and mitigate risk
Oracle Hyperion Planning is an application that is built on top of the Essbase OLAP server. Many organizations use Hyperion for budgeting and planning. Just like Essbase, you work with standard dimensions that represent time, entities and accounts — you can also add custom dimensions — into which you add budgeting and planning data.
Hyperion Planning is the core of Oracles' EPM. The solution offers budgeting and forecasting, strategic planning, capital asset planning, workforce planning, project financial planning and other business process planning that significantly impacts an organizations financial performance. It is also used to evaluate business costs, profitability and any other business drivers for change. Leveraging off predictive analysis and simulation techniques, Hyperion Planning constantly analyzes and quantifies the risk and uncertainty in all these plans, taking swift action to mitigate those risks.
Oracle Hyperion Financial Management - Complete audit trails
Oracle Hyperion Financial Management (HFM) is an advanced web technology used for financial consolidation and reporting by finance teams. Financial managers can speedily merge and report financial results, reduce the cost of compliance, meet global regulatory requirements and deliver confidence in the numbers. It is built on a scalable web architecture that offers unlimited dimensions and complete audit trails.
Oracle Hyperion Financial Close Management - Account Reconciliations
The purpose of Oracle Hyperion Financial Close Management is to manage all financial close cycle tasks, like end-of-year financial closing, account reconciliation, financial consolidation, ledger and sub-ledger close, tax/treasury and internal and external reporting processes.
It is the first of its kind, offering a Close Manager that is used as a task management solution. These tasks can be anything you setup, that has to be done before the end of the close period.
Oracle Hyperion Financial Data Quality Management - Complete data validation and error checking
Internal controls and reporting processes is a major concern for Financial teams. To ensure quality data, organizations need a direct view of financial data. Because Oracle Hyperion Financial Data Quality Management Enterprise Edition (FDMEE) is integrated with other Oracle EPM solutions, businesses can create standard financial data management processes and authenticate data from any source system.
Oracle Business Intelligence Enterprise Edition - Mobile analytics
Oracle Business Intelligence Enterprise Edition (OBIEE) is a complete business intelligence and analytics solution that offers a full range of features like an interactive dashboard, ad hoc queries, notifications and alerts, scorecards and strategy management and more.
This is a low-cost solution, built on the highest workloads and most complex deployments. With a comprehensive suite of data visualizations, you can view mobile analytics on the go.
Making Enterprise Performance Management Work for You
EPM helps you plan, analyze, monitor, and manage your business more efficiently by providing a complete view of the business. With a single goal, reliable data model, speed-of-thought information, and easy-to-use tools, it will be easier to align your operational processes with your strategy. In addition to these tools, your organization also needs a partner that understands businesses, procedures, and technology. That is why many successful organizations choose a partner with consulting expertise, proven methodology, and in-depth knowledge of technology, people, and processes.
Vikram Kosanam, Director BI Managed Services, presented on Oracle Business Intelligence 12C during the COLLABORATE 17 conference. Get the keynotes from his session from the OBIEE 12c - Data Blending, Mashup and XSA Cache White Paper.