The Oracle Hyperion EPM product suite is a fully-rounded, mature offering that has been developed over many years. Hyperion, the company, was acquired by Oracle in 2007 - the Hyperion brand was considered so strong that Oracle retained it even after the acquisition.
Since the acquisition, the product suite has continued to mature, with ever-better integration between the applications, better development and maintenance facilities, and more recently, standardisation in the usage of existing Oracle technologies that have replaced custom and third-party add-ons, providing a more robust and maintainable systems estate.
See Oracle's own EPM Product Information pages for further details.
The major applications, and their mapping to core EPM topics, are as follows:
|Application||EPM Subject Area|
|Hyperion Financial Management (HFM)||
Budgeting and Forecasting
|Hyperion Essbase||Any other multi-dimensional reporting and analysis|
|Hyperion Strategic Finance||Strategic Planning|
|Hyperion Data Relationship Management||Master Data Management|
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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.