What Is Hyperion Financial Reporting?

by | Last updated on January 24, 2024

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Oracle Hyperion Financial Reporting, Fusion Edition (Financial Reporting)

enables book-quality financial management and reporting targeted at meeting the unique requirements of the Finance department

or any functional area that requires very highly formatted multidimensional reporting.

How does Hyperion financial management work?

Oracle Hyperion Financial Management provides

financial consolidation and reporting

that enables you to rapidly consolidate and report financial results, meet global regulatory requirements, reduce the cost of compliance, and deliver confidence in the numbers.

What is Hyperion Financial Management?

Oracle Hyperion Financial Management provides

financial consolidation and reporting

that enables you to rapidly consolidate and report financial results, meet global regulatory requirements, reduce the cost of compliance, and deliver confidence in the numbers.

What is Hyperion and how is it used?

Oracle Hyperion Planning is the center piece of Oracle’s enterprise performance management applications intended

to support enterprise-wide planning, budgeting, and forecasting

. Hyperion Planning is a powerful calculation engine designed to support an enterprise’s business computations and estimates.

What is Hyperion in accounting?

Oracle Hyperion Financial Management (HFM) is a comprehensive, web-based application that

delivers global financial consolidation, reporting and analysis

in a single, highly-scalable software solution. … HFM provides industry-leading software, yet it is built to be owned and maintained by the finance team.

Is Hyperion same as HFM?

Hyperion Financial Management (HFM) is part of Oracle’s on-premise

Hyperion EPM

software suite and is often utilized with Hyperion Financial Reports and Web Analysis to provide top notch reporting and graphical capabilities, including Dashboards.

What is Hyperion similar to?

  • Workday Adaptive Planning.
  • Anaplan.
  • IBM Planning Analytics with Watson.
  • Planful.
  • SAP Business Planning and Consolidation (BPC)
  • SAP Analytics Cloud.
  • OneStream XF.
  • CCH Tagetik.

Is Hyperion an ERP?

Hyperion |

SMART ERP

Solutions.

Why is Hyperion used?

Hyperion

allows the businesses to integrate and manage the goals, strategies, and their execution

. It runs on a unified platform. Mostly, it is used in financial analysis and reporting.

What database does Hyperion use?

This paper summarizes performance testing carried out for Oracle’s Hyperion Planning, a component of Oracle’s Enterprise Performance Management (EPM) System, using the

Oracle RDBMS

with Oracle Transparent Data Encryption.

What is Hyperion Pillar?

Hyperion Pillar is

a proven budgeting application

that supports decentralized decision-making and the nomadic nature of managers during the budgeting process.

What is Hyperion Essbase used for?

Named by InfoWorld Magazine as one of the top 10 technologies of the 20th century, Oracle’s Hyperion Essbase

allows users to model, analyze, and interpret the most complex business scenarios

.

How do you create a report in Hyperion?

Click New, or select Actions, and then New.

Select Reports

, and then select a type of report. Specify the report information and options for the report. For details on each report option, see the Defining Reports chapter in the Oracle Hyperion Financial Management Administrator’s Guide .

What is the difference between Hyperion and Essbase?


Hyperion Essbase is more flexible than Hyperion Planning

as it is a standalone OLAP engine and can be used for more than just planning purposes. While Essbase excels at financial calculations and analysis, it can benefit any business department that uses numeric data.

Is Hyperion part of Oracle?


Hyperion Solutions Corporation was acquired by Oracle Corporation in 2007

. Many of its products were targeted at the Business Intelligence (BI) and Enterprise Performance Management (EPM) markets and, as of 2013, were developed and sold as Oracle Hyperion products.

What does Hyperion mean?

:

a Titan and the father of Eos, Selene, and Helios

.

Ahmed Ali
Author
Ahmed Ali
Ahmed Ali is a financial analyst with over 15 years of experience in the finance industry. He has worked for major banks and investment firms, and has a wealth of knowledge on investing, real estate, and tax planning. Ahmed is also an advocate for financial literacy and education.