Hyperion Solutions Corporation was a Web-based financial
software application that delivers highly scalable financial management
software solution. The products of Hyperion solutions are specifically
developed for the areas like business intelligence and business performance management,
and as of 2012 are still actively developed and sold by Oracle as ORACLE
HYPIRION products.
The new user interface supports navigation across multiple
applications as well as access to multiple modules and documents in an
application. We can also view dimension member properties from the Member
Selector, data forms, data grids, journals, or Process Management, use Hyperion
software to help translate strategies into workable plans, monitor their
execution and gain insight to improve financial and operational performance .
The acquisition of Hyperion extend our business intelligence
product strategy. Customers are increasingly using performance management and
business intelligence together. Hyperion adds complementary products to
Oracle's business intelligence offerings including a leading enterprise
planning solution, world-class financial close and reporting products, and a
powerful multi-source OLAP server. Coupled with Oracle's BI tools and
pre-packaged analytic applications, the combination redefines business
intelligence and performance management by providing the first integrated ,
end-to-end Enterprise Performance Management System that spans planning,
financial close, operational analytic applications, BI tools, reporting, and
data integration, all on a unified BI platform.
Hyperion Financial Management utilizes today's most advanced technology, yet is built to be owned and
maintained by the enterprise's finance team. It provides the ability to create
an application with more than four custom dimensions. You can also create
additional custom dimensions for existing HFM applications. The HFM application
server tier is also the data source. Therefore, there is no need to push
consolidated results to another repository to make the results available for
reporting enabling real-time reporting against consolidated results. HFM manages the consolidation entries necessary
for organizations that have direct and indirect interests in multiple
organizations and complex cross-ownership situations through multiple
organization hierarchies and predefined business rules. In addition, the
process of determining effective ownership, ultimate percent control, and
proper consolidation method is done automatically – no manual intervention is
required.
Hyperion Financial Close Suite applications and Business
Intelligence technology, it provides a unified solution that can be very
quickly deployed with out-of-the-box integration as well as packaged dashboards
and analytics.
