Oracle Hyperion Essbase is the leading Multi-Dimensional OLAP (Online Analytical Processing) server suited to building reporting, analytics and forecasting applications of all sizes. Essbase applications are often thought of and described as 'cubes', although unlike real-life physical cubes, these ones can (and almost always do) have a lot more than three dimensions. Just don't try drawing them!
In a nutshell, think of an Essbase application as a Pivot Table on steroids, and then some. And a bit more...
Essbase is the underpinning technology for Hyperion Planning but, license permitting, can also be used as the basis for many other Business Intelligence solutions for Finance and operational departments.
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Managing Director of epmgurus, brings 30 years of diverse experience to bear in helping organisations and teams through change – of size, structure, systems, management or ownership.
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Enterprise Performance Management (EPM) is a broad term covering any business process that seeks to improve performance through a continuous loop of data collection, reporting, analysis and, most importantly, informed and targeted action.
In practice, Finance EPM is generally considered to cover at least Strategic, Financial and Operational Planning, Budgeting and Forecasting, Management Reporting (MI), Financial Consolidation, Statutory Reporting, Profitability and Cost Management, including Cost Allocation.