Hyperion Planning can also be used for Operational Planning.
Hyperion Planning is a highly scalable, web-based solution that is ideally suited to the gathering of budget and forecast information from disparate teams across the organisation. It is based on the highly successful, hugely powerful Hyperion Essbase technology, the leading multi-dimensional 'cube-based' analysis engine.
Hyperion Planning can be configured to implement highly complex and specific business logic which is otherwise hidden away in disparate, unmanageable spreadsheets. Deciding exactly how much business logic to build in to a group-wide planning tool, and how much to leave outside the system in the hands of the submitters and their spreadsheets, is a bit of a 'black art' and is down to experience as much as to detailed analysis of your particular needs.
We have considerable experience of implementing Hyperion Planning solutions large and small, ranging from those that primarily solved previously intractable data collection issues to those that included extremely complex and highly specific business logic, sometimes for multiple different business models within the same application.
Whilst Hyperion Planning can also be used for top-down, what-if analysis, this is (in our opinion) best considered as a separate topic of Strategic Planning, for which Oracle Hyperion supply the perfect tool, Hyperion Strategic Finance.
If it sounds like we're speaking your language, Please contact Nigel Dahl through LinkedIn using the button below, or call him now on +44 (0)7799 664165.
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.
Nigel has run, advised, supported or worked with Finance functions from one-person operations up to globally dispersed Finance departments of several thousand people. He knows what good (and bad!) looks like.
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.