HFM Intro PPT
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Transcript of HFM Intro PPT
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Copyright 2012. Apps Associates LLC. 1
Hyperion Financial Management
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Copyright 2012. Apps Associates LLC. 2
Agenda
Financial Reporting Process
Challenges faced during Financial Reporting Process Cycle(FRPC)
What is Hyperion Financial Management ?
How HFM solves challenges FRPC
Where does HFM fit in EPM Architecture
Basics of Hyperion Financial Management
Demo for activities on EPMA HFM Application
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Financial Reporting Process
Load and add data Calculate data
Adjust
data
Translate
&
Consolidate
Approve dataLock dataRun and Publish Reports
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Challenges-Adding up the data:
Ensuring compliance with the Accounting rules
Adjustments
I/C activity
Currency Translations
Providing Transparency to Calculation
Time consuming Process
Adequate financial Controls
Challenges faced during Financial Reporting
Process Cycle
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Copyright 2012. Apps Associates LLC. 6
Challenges-Publishing Reports:
Different audiences
Different formats
Internal Vs. external
Adequate financial controls
Challenges faced during Financial Reporting
Process Cycle
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Solution-Hyperion Financial Management
What is HFM:
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.
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Financial Reporting Process tasks flow in HFM
Financial Reporting
Process Task Flow Item
Description
Load & add data Users can add data to Applications by loading it from a file or by
entering in the data forms
Calculate After data entry, users can run Calculation Rules to populate driver-
based accounts
Adjust data After users calculate data, users can adjust the data by using the
Journal entries that provide an audit trail for adjustments
Translate and Consolidate
Data
After data for entities is entered and adjusted, users can translate
,from foreign to Local currencies, and Consolidate this data
Approve data After data is consolidated, users can submit the data for review and
Approval(Process Management)
Lock Data After users receive approvals for submitted data, users can lock
the data to prevent further Modification
Run & Publish Financial
Reports
Users can run reports against the Approved data.
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EPM Architecture
EPM WORKSPACEInteractive Dashboards Report&Publish AdhocAnalysis Alert Mobile&Disconnected Embedded
Performance Management
Applications
Strategy Management Planning &Budgeting
Profitability MgmtFinancial close(HFM)
BI Applications
ERP Analytics CRM Analytics Industry Analytics
Single Enterprise Information Model
Essbase BI Server
OLTP& Data Warehouse OLAP SAP,Oracle,Siebel Excel Business
ODS System Data Mart PeopleSoft, Custom XML Process
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Hyperion Financial Management
HFM Applications types:
Classic
EPMA
Dimension type No. of dimensions
Standard Dimension 8
Custom Dimension N number
Intercompany
Partner
Scenario
Year
Account
Period
View
Value
Entity
Standard
Dimensions
Description
View Various Methods of Viewing
Calendar data i.e.-periodic,
year-to-date and quarter-to-
date.
Value Multiple level for storing values
in an application.
Intercompany
Partner
Intercompany account
balances.FM tracks and
eliminates intercompany
activity across entities and
accounts.
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Demo for activities on EPMA HFM application
Demo covers following Topics:
Creation of EPMA HFM Application
Updating Application Settings
Loading of Application Elements
Loading of data
Automating the tasks in HFM
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References
EPMA HFM activities
https://appsassociates.box.com/s/7n5l59aimu19yndiz4v8
Classic HFM activities
https://appsassociates.box.com/s/dyvkm636g8i71f8614cs
HFM Tasks Automation
https://appsassociates.box.com/s/fjvnfcnex23w9dl37lds
https://appsassociates.box.com/s/7n5l59aimu19yndiz4v8https://appsassociates.box.com/s/dyvkm636g8i71f8614cshttps://appsassociates.box.com/s/fjvnfcnex23w9dl37ldshttps://appsassociates.box.com/s/fjvnfcnex23w9dl37ldshttps://appsassociates.box.com/s/dyvkm636g8i71f8614cshttps://appsassociates.box.com/s/7n5l59aimu19yndiz4v8 -
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Thank You