EPM On-Premise Review
September 18, 2019
EPM On-Premise Review
Score 9 out of 10
Vetted Review
Verified User
Overall Satisfaction with Oracle Hyperion Enterprise Performance Management
Brinks uses multiple Hyperion suite of products across entire organization. HFM is used globally to consolidate all data from different ERP systems and also uses Planning applications in multiple regions to do accurately project the forecast of the financials so the data can be used to plan for workforce and Capital spending and organization can work towards the goal of achieving Planned numbers. The planning application is widely used for Actuals reporting and comparing Actuals Vs Plan and Rolling forecast so that it can address immediate short term and long term needs and provide the roadmap.
Pros
- HFM is very powerful for financial consolidations .
- Hyperion Planning is used to project accurate planning and thus provide the benefit to organization to do allocations and driver based planning so that it can justify the numbers based on headcount, number of stops & Revenue and thus provide valuable projections and thus help reduce the expenses.
- Essbase is powerful engine helps provide analytical adhoc reporting for financial users . Performance of reporting and ease of use helps excellent customers experience when doing adhoc analysis.
Cons
- Visual graphical reporting
- Ability for 3rd party reporting tools connecting to Essbase database
- get rid of complexity of having different components involved in Hyperion workspace environment connected to different suite of products involved in multiple components
- Reduces the labor hours as the data is available to quickly adopt to any forecasting model as needed
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