Hyperion Financial Management
Copyright 2012. Apps Associates LLC.
Agenda
Financial Reporting Process
Challenges faced during Financial Reporting Process Cycle(FRPC)
What is Hyperion Financial Management ?
How HFM solves challenges FRPC
Where does HFM fit in EPM Architecture
Basics of Hyperion Financial Management
Demo for activities on EPMA HFM Application
Copyright 2012. Apps Associates LLC.
Financial Reporting Process
Load and add data
Calculate data
Adjust
data
Translate
&
Consolidate
Run and Publish Reports
Lock data
Approve data
Challenges faced during Financial Reporting
Process Cycle
Challenges-Collecting the data
More than one ERP or GL across the Organization.
Different Chart of Accounts
Data Accuracy
Other information like Head Count,Inventories,budget stored in other systems.
Way to much data in spreadsheets
Transform the data to common view for corporate Reporting.
Copyright 2012. Apps Associates LLC.
Challenges faced during Financial Reporting
Process Cycle
Challenges-Adding up the data:
Ensuring compliance with the Accounting rules
Adjustments
I/C activity
Currency Translations
Providing Transparency to Calculation
Time consuming Process
Adequate financial Controls
Challenges faced during Financial Reporting
Process Cycle
Challenges-Publishing Reports:
Different audiences
Different formats
Internal Vs. external
Adequate financial controls
Copyright 2012. Apps Associates LLC.
Solution-Hyperion Financial Management
What is HFM:
Oracle Hyperion Financial Management is a financial consolidation and reporting application built with
advanced Web technology. It provides financial managers the ability to rapidly consolidate and report
financial results, meet global regulatory requirements, reduce the cost of compliance and deliver
confidence in the numbers.
Copyright 2012. Apps Associates LLC.
Financial Reporting Process tasks flow in HFM
Financial Reporting
Process Task Flow Item
Description
Load & add data
Users can add data to Applications by loading it from a file or by
entering in the data forms
Calculate
After data entry, users can run Calculation Rules to populate driverbased accounts
Adjust data
After users calculate data, users can adjust the data by using the
Journal entries that provide an audit trail for adjustments
Translate and Consolidate
Data
After data for entities is entered and adjusted, users can translate
,from foreign to Local currencies, and Consolidate this data
Approve data
After data is consolidated, users can submit the data for review and
Approval(Process Management)
Lock Data
After users receive approvals for submitted data, users can lock
the data to prevent further Modification
Run & Publish Financial
Reports
Users can run reports against the Approved data.
Copyright 2012. Apps Associates LLC.
EPM Architecture
EPM WORKSPACE
Interactive Dashboards
Report&Publish
AdhocAnalysis
Alert
Mobile&Disconnected
Performance Management
Applications
Strategy Management
Financial close(HFM)
Planning &Budgeting
Embedded
BI Applications
ERP Analytics
CRM Analytics
Industry Analytics
Profitability Mgmt
Single Enterprise Information Model
Essbase
OLTP&
ODS System
Data Warehouse
Data Mart
OLAP
BI Server
SAP,Oracle,Siebel
PeopleSoft, Custom
Excel
XML
Copyright 2012. Apps Associates LLC.
Business
Process
Hyperion Financial Management
HFM Applications types:
Classic
EPMA
Dimension type
No. of dimensions
Standard Dimension
Custom Dimension
N number
Scenario
Intercompany
Partner
Period
Year
View
Account
Value
Entity
Standard
Dimensions
Description
View
Various Methods of Viewing
Calendar data i.e.-periodic,
year-to-date and quarter-todate.
Value
Multiple level for storing values
in an application.
Intercompany
Partner
Intercompany
account
balances.FM
tracks
and
eliminates
intercompany
activity across entities and
accounts.
Demo for activities on EPMA HFM application
Demo covers following Topics:
Creation of EPMA HFM Application
Updating Application Settings
Loading of Application Elements
Loading of data
Automating the tasks in HFM
References
EPMA HFM activities
https://appsassociates.box.com/s/7n5l59aimu19yndiz4v8
Classic HFM activities
https://appsassociates.box.com/s/dyvkm636g8i71f8614cs
HFM Tasks Automation
https://appsassociates.box.com/s/fjvnfcnex23w9dl37lds
Thank You
