Reduce compliance costs with HFM
Oracle Hyperion Financial Management delivers a version of the truth via the Web, improving internal and external visibility for businesses. Now they can reduce manual inspection procedures and replace them with automated and preventive controls that ultimately reduce processing and inspection costs. Oracle Hyperion Financial Management integrates with Oracle Hyperion Disclosure Management to streamline regulatory reporting with embedded XBRL support.
Easily gain deep operational insights through Hyperion
With Oracle Hyperion Financial Management, companies can combine financial and non-financial results to gain better insight into performance metrics. You can analyze consolidated information in unlimited custom dimensions, including company, product, brand, and customer.
Reduce control risk with complete audit trails and other controls
Oracle Hyperion Financial Management reduces “control risk” with complete audit trails, workflows, internal reviews and certifications, checks and validations so companies can be confident in their numbers. Intercompany balances are reconciled and eliminated, foreign currencies are correctly calculated according to local GAAP or IFRS principles, cash flow statements are automatically generated, and minority interests are properly accounted for.
In addition, Oracle Hyperion Financial Management acts as an “electronic folder” for all financial statement-related documents with advanced word processing and document attachment capabilities.
Intercompany Transaction Matching Module in HFM
Oracle Hyperion Financial Management contains a specially developed module for reconciling intercompany transactions. The module provides an efficient way to identify, reconcile and report intercompany account differences at the transaction or invoice level. Companies can record, reconcile and resolve cross-currency differences between companies. End users can enter comments and root cause codes to assist in the resolution process.
Versatile scenario management with Hyperion Financial Management
Oracle Hyperion Financial Management provides flexible what-if scenario management that allows users to dynamically consolidate and report on all financial budgets, forecasts and plans. As assumptions and facts change, they can then easily and quickly create new statements and views of results.
Powerful, user-friendly reporting and analysis tools
Oracle Hyperion Financial Management includes a powerful production report writer-Oracle Hyperion Financial Reporting Enterprise Edition. Also included is Oracle Hyperion Smart View for Office-a Microsoft Office interface that enables both entry and reporting of information. All these components are designed for use by the finance team as well as self-service access by line management. No IT management or programming expertise is needed. Features include the ability to embed information as Microsoft Smart Tags for seamless integration with the Microsoft Office tools.Also available is Oracle Financial Management Analytics which delivers pre-defined and user generated management dashboards directly from the data held in Oracle Hyperion Financial Management. These dashboards can be accessed from Mobile devices including iPads and iPhones.
Financial consolidation and reporting functions
Oracle Hyperion Financial Management provides intercompany eliminations, multi-currency conversions and minority interest calculations and delivers them quickly and cost-effectively out of the box.
It also incorporates U.S. GAAP (Generally Accepted Accounting Principles), IFRS (International Financial Reporting Standards), and local legal requirements to ensure reporting accuracy and compliance. Specific starter kits for HGB, IFRS, Japanese GAAP and Sustainability Reporting within the framework of the Global Reporting Initiative (GRI) are available to support customer implementation. In addition, a special module for Solvency II Qualitative Management Reporting is available.
Web-based architecture provides access anywhere, anytime
Oracle Hyperion Financial Management’s web-based architecture enables users to quickly, easily and securely enter, consolidate and access global financial information from any location through a standard browser. Relational data storage ensures that business-critical data is available to users anytime, anywhere.
Access to information from mobile devices
In today’s busy lifestyle, Oracle Hyperion Financial Management users need to be able to access their information from a variety of sources. In addition to traditional PC access, information contained in Oracle Hyperion Financial Management can be accessed via mobile devices such as tablets and phones, providing anytime access to critical financial statement data from workflow to reports and analytics.
Easy deployment and integration with existing investments
Oracle Hyperion Financial Management’s bundled functionality reduces customization requirements so it can be easily deployed and quickly deliver benefits. Oracle Hyperion Financial Management is designed to consolidate information from multiple, disparate sources and works with existing Oracle and non-Oracle transactional systems, data warehouses and other sources.
Implementation of the module does not require changes to the underlying transaction systems, saving companies further integration costs and effort.
