How Oracle Hyperion Financial Management can help Ireland’s Leading Organisations

Finance is the language of business. Proper analysis and understanding of financial statements is crucial to the success of a business. Efficient financial analysis takes the guesswork out of planning and replaces it with opportunities for effective and strategic decision making. In today’s business climate, where rapid change and challenges are faced, elite businesses must carry out financial analysis at a high level in order to survive; supporting strategic and operational management.

Oracle’s Financial Management is a wide-ranging, web-based application that enables an organisation to manage financial information quickly and cost effectively. Financial Management offers an overall view of financial analysis and operational results; integrated from multiple systems. Additionally, it allows finance managers to rapidly close and report financial results by delivering global data collection, financial consolidation, reporting and analysis in a single highly scalable solution. This application meets global regulatory requirements, and is highly suitable for large organisations operating on a global scale.

Benefits of using Oracle Financial Management

• Reduce Cycle Times: Reduce consolidation, close, and reporting cycles by days or weeks by minimising the need for duplicated data entry or to double check the results, delivering timely results internally and externally; allowing more time for strategy management.
• Cut compliance costs by delivering a single version of the truth through the any web-based platform.
• Reduce control risk with compliance audit trails: Oracle Financial Management produces audit trails, workflows, internal review and certifications, controls, and validations so you can be confident in your numbers.
• Conduct in-depth analysis of key performance indicators and operational metrics easily. Financial Management application has features such as flexible scenario ‘what-if’ analysis; therefore providing the ability to consolidate and report on all financial budgets, forecasts, and plans.
• Identify new sources of profitability and cash flow in terms of company, product, brand and customer segment.
• Anytime, Anywhere access to information: because the financial management application is web-based, users can input consolidate, and access global financial data securely at any time from any location using a standard browser.
• Oracle Hyperion Financial Management provides multicurrency translations and minority interest calculations, delivering large organisation with quick and cost-effective out of the box data information. It also incorporates U.S generally accepted accounting principles, International Financial Reporting Standards, and local statutory requirements to ensure report accuracy and compliance.

Figure 1: How financial management aids in strategy, planning and budgeting, and profitability management.

Oracle Financial Management application consolidates and reports on data for all aspect of an organisations success, in a single view.  For large or growing organisations in the 21st century, where demand, costs and external factors change regularly; Oracle Financial Management application is the weapon your company needs for profitability, strategic management and on-going success.

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