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