Flexible and robust tool, great for multi-national and multi-businesses companies
November 16, 2016

Flexible and robust tool, great for multi-national and multi-businesses companies

Federico Shortrede | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with Oracle Hyperion Enterprise Performance Management

As a multi-national company, we use Hyperion HFM for consolidation purposes for the whole organization. We also use the tools to have the possibility to accomplish local GAPs (Argentina, Brazil and Uruguay) and IFRS standard. It also allows us to detect and eliminate inter-company movements and to show results even with companies owned at less than 100%.

We’re also using Hyperion Planning to create and control our budget. Up to now, this functionality has been used only for one of our business units.

  • Consolidate account balance sheets in a single currency, from companies that work and report in different currencies (for us, Argentinian Peso, Brazilian Real and Uruguayan Peso).
  • Develop several reports or graphics to cope with needs at very different levels: operational, management, investors.
  • Create and identify the adjustments made to take the information from our local GAP to IFRS (or eventually US Gap if it were necessary).
  • Ease to feed the system from different sources, which gives a company the possibility to consolidate data from different ERPs or even Excel.
  • Perhaps one point can be the graphics capacities with HFM. Graphics are better for Planning, but that can be obey to the fact that we’re running a newer release for Planning.
  • Better audit trails for SOX compliance
  • Dramatic reduction in complexity and time for our consolidation process
  • Better control for partially owned companies. HFM has replaced lot of work that used to be manual
  • We couldn’t train our users to maintain and develop new rules, so the system forced us to have a dedicated service for support and improvements
We also took a look to Cognos, but since we have Oracle eBS as our main ERP, we decided without a very deep analysis.
Great if you have to consolidate different countries; consolidate information from different systems (ex. Oracle, SAP, regional ERPs); show results according to different standards; or consolidate companies that don’t fully belong to the holding.

Oracle Hyperion Feature Ratings

Long-term financial planning
7
Financial budgeting
6
Forecasting
7
Scenario modeling
8
Management reporting
8
Financial data consolidation
10
Journal entries and reports
8
Multi-currency management
9
Intercompany Eliminations
9
Minority Ownership
7
Local and consolidated reporting
10
Detailed Audit Trails
10
Financial Statement Reporting
8
Management Reporting
8
Excel-based Reporting
9
Automated board and financial reporting
7
Personalized dashboards
7
Color-coded scorecards
6
KPIs
7
Cost and profitability analysis
7
Key Performance Indicator setting
6
Flat file integration
10
Excel data integration
10
Direct links to 3rd-party data sources
8