Oracle Hyperion Financial Management
Gain Confidence in Financial Results
Oracle Hyperion Financial Management is a financial consolidation and reporting application built with advanced Web technology. It provides financial managers the ability to rapidly consolidate and report financial results, meet global regulatory requirements, reduce the cost of compliance and deliver confidence in the numbers.Oracle Hyperion Financial Management, Fusion Edition V.11.1.2.3 Release Highlights
- This release 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 web user interface for this release has been enhanced for greater ease of use and consistency with other Hyperion products. The new user interface supports navigation across multiple applications as well as access to multiple modules and documents in an application. Other enhancements include the Point of View bar, Member Selector, Journals, Data Forms and Data Grids. You can also view dimension member properties from the Member Selector, data forms, data grids, journals, or Process Management.
- The data forms and data grids have been enhanced to support dynamic POV member lists. Other enhancements include the support for on demand rules, and flexible POV dimension options.
- This release includes tighter integration with Smart View. From Financial Management data forms or data grids, you can launch and work with forms and grids directly in Smart View.
- Extended Analytics functionality is now part of the Extract Data process.
- See New Features guide at Documentation link under Learn More (above) for more details on these features.
HFM Overview
Oracle Hyperion
Financial Close Management is built for centralized, web-based
management of period-end close activities across the extended financial
close cycle. The first application of its kind, Oracle Hyperion
Financial Close Management will help manage all financial close cycle
tasks including ledger and sub-ledger close, data loading and mapping,
financial consolidation, account reconciliation, tax/treasury and
internal and external reporting processes – any task associated with the
extended financial close.
Oracle Hyperion Financial Close Management includes two modules: Close Manager and Account Reconciliation Manager.
Close Manager
Close Manager is a task management solution. Tasks can be anything that needs to be done during the close process – whether in the transaction system, general ledger, consolidation system or reporting system. Employees are assigned to each task and the tasks are given a due date relative to each period end date so it’s easy to identify bottlenecks in the process using pre-built, web-based dashboards for monitoring the progress of the financial close. Common calendar views, task list views, and Gantt views are leveraged for each user’s tasks and active calendars and task lists allow users to launch applications and complete tasks from the calendar itself. A roll-forward feature allows quick set up new financial close calendars based on the prior financial close.
Account Reconciliations Manager
Account Reconciliation Manager is a module dedicated to the management of account reconciliations. It helps companies reduce risk by providing real-time visibility into the performance of reconciliations and ensuring that all reconciliations prepared are properly qualified. It also helps companies streamline and optimize performance by automating certain reconciliation tasks and supporting risk-based reconciliation cycles. It enables balance integration using Oracle Hyperion Financial Data Quality Management ERP Integration Adaptor for Oracle Applications and has mapping features to summarize low-level balances to the level appropriate for reconciliation. Flexible auto reconciliation routines add efficiencies to the reconciliation process and there are easy to use features for maintaining reconciliation assignments, including mass update and import capabilities. Pre-built dashboards provide monitoring status, aging, performance metrics, and compliance metrics.
