Improve business predictability by budgeting & forecasting with Oracle Hyperion Planning

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Hyperion Planning

What is Hyperion Planning?

Oracle Hyperion Planning supports dynamic, enterprise wide planning, budgeting and forecasting; helping to connect operational assumptions to financial outcomes; all of which can be integrated with Microsoft Office to view all your necessary financial data.

The application can help organisations attain instant profit and loss balance sheets as well as cash flow, workforce planning and capital expenditure plans.

In most organisations, planning and budgeting can be a time consuming process. With Oracle Hyperion Planning, business managers can centralise planning processes across the organisation along familiar capacities such as cost centres, business entities and charts of accounts.

Hyperion Planning as a solution can be deployed quickly with no inherent hardware or software requirements.

Technical Description

Hyperion Planning sits in an application server between the Essbase database and the client tools that work with it; integrating financial and operational planning processes.

It does so by leveraging Essbase’s multi-dimensional data model as well as standard relational database management platforms.

  • The Essbase portion of the application gives Hyperion Planning the calculation power to handle predictive planning, allocations and complicated revenue recognition planning.
  • The relational source allows Planning to collect textual information critical to a coordinated understanding of the budget.
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What does Planning provide to the end user?

Oracle’s Hyperion Planning solutions provide end-users with effective tools for forecasting, budget analysis and reporting.

  • Reduce reliance on spreadsheets and manual processes which in turn reduce planning, budgeting and forecasting cycle times by weeks or months.
  • Improve accuracy of plans and forecasts
  • Shrink the user learning curve by leveraging Microsoft Office products as an interface into Oracle Hyperion Planning
  • Integrate project planning with financial planning and forecasting
  • Eliminate time lag between when plans are updated and reports are refreshed
  • Reduce cost of ownership through superior application deployment, management tools and packaged data integration
  • Lay the foundation for the transition to Enterprise Business Planning.

If you need more information on Oracle Hyperion Planning; or if would like to arrange a consultation, please feel free to email info@www.codec.ie or call us on 01 603 4300.

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