Essbase

What is Essbase ?

Named by InfoWorld Magazine as one of the top 10 technologies of the 20th century, Oracle's Hyperion Essbase allows users to model, analyze, and interpret the most complex business scenarios.

Essbase is an object oriented database that provides users with multidimensional analysis capabilities.

Essbase Databases are often called "Cubes" and are defined by dimensions, which themselves are hierarchical groups of members Data is organized into cross sectional groups that can be accessed by users depending on what sections of the hierarchal dimensions they wish to see. The Dimensions are hierarchical representations of descriptors that business users are familiar with, such as a Product Hierarchy. By simply choosing any point in the various dimension hierarchies users are instantly presented with the data values. Users can drill up or down, or users can pivot different dimensions to form new cross sections and better analyze the data. Essbase is optimized to support On-Line Analytical Processing (OLAP) as opposed to the more traditional transaction processing (OLTP) found in relational databases. This enables rapid response times for large volumes of users and large volumes of data.

Essbase gets its name from Extended Spreadsheet Database and is commonly accessed via a spreadsheet add-in that provides users the capability to analyze data within a familiar environment such as Microsoft Excel. Essbase can accept data input from end users which makes it a very capable budgeting tool in addition to its analytic capabilities. Essbase also contains a very powerful calculation engine and is often used to create Profitability Costing models or other types of analytic models that require allocations or more advanced calculations. Essbase is the analytical engine of packaged applications such as Hyperion Planning , Oracle BI Solutions , and the multi-dimensional data store for analytical applications

Essbase is mainly used in budgeting and financial services because it is easy to run scenarios using dimensions that allow you to see how any point in the database changes with changes to a single variable. Essbase makes it easier for forecasting results and comparing actual performance to the forecast so that variables can be adjusted on the fly.

Essbase Cloud Service (ESSCS)

Essbase Cloud Service (EssCS) is now available as part of the Oracle Analytics Cloud (OAC), a suite of analytics software solutions which also includes Business Intelligence Cloud Service (BICS), and Data Visualization Cloud Service (DVCS).

EssCS makes your multidimensional databases accessible through a wide variety of mobile devices. It makes it easier for teams to access the system securely from anywhere in the world.

Essbase Cloud can also be extended to business intelligence solutions by accessing your data from corporate dashboard and reporting tools.

Major benefits of moving to the Essbase Cloud Service (ESSCS) include:

Cloud infrastructure.
Better ontrol for BICS, PBCS, EPCRS and other cloud based reporting solutions.
Faster, if not near unlimited, scale and computing power for large and complex Essbase models.

MindStream Analytics can help you learn more about Essbase and its full analytic capabilities.

MindStream's experienced staff includes former Hyperion Essbase developers and certified Hyperion Essbase consultants. We hold various positions throughout the Essbase community including the Oracle Application User Group's (OAUG) Hyperion Special Interest Group Domain Lead for Essbase. MindStream has the expertise to make your next Essbase implementation a success.

Our Company

MindStream Analytics is a leading consulting firm focused on helping clients improve business understanding and decision making. With years of experience in the analytics and Business Performance Management area, MindStream offers services ranging from software selection and implementation to best practices for financial planning.

Partner SpotLight

Oracle

Oracle has the most comprehensive suite of integrated, global business applications that enable organizations to make better decisions, reduce cost

Quick Links

From Our Blog

Case Studies

Accumen

Thanks to the intervention of MindStream Analytics, Accumen's Finance department can now model their business with a new, more organized structure that isn't conventionally available in NetSuite.

Acme Brick

Acme Brick turned to MindStream Analytics for help implementing OneStream to replace their outdated TM1 solution.

Alterra

Alterra sought the expertise of MindStream to address the challenges they faced in their Capital Planning process.

ATCO Group

Energy conglomerate ATCO operates worldwide in utilities, power generation, and related services.

Avalon

Working with MindStream Analytics, Avalon Healthcare Solutions adopts NetSuite Planning and Budgeting to accelerate budgeting and forecasting processes.

Bayer Health Care

Bayer Healthcare implemented Hyperion Planning and Workforce Planning in 10 weeks to dramatically streamline their Income Statement budget and Workforce Planning process..

BluEarth

MindStream Analytics' partnership with BluEarth Renewables epitomizes the power of technology and collaboration.

Celgene

An Oracle Hyperion Planning Upgrade provides multi-national organization Hyperion Application optimization and stabilization.

Cleaver Brooks

OneStream XF was chosen as the platform that would transform Cleaver-Brooks' Finance processes.

CoorsTek

The collaboration between CoorsTek and MindStream resulted in significant improvements in CoorsTek's financial consolidation and reporting processes.

Elite Body Sculpture

MindStream Analytics' collaboration with Elite Body Sculpture encapsulates the transformative potential of targeted tech solutions in streamlining administrative processes.

Enlyte

Enlyte, a merger of Mitchell, Genex, and Coventry, faced challenges with disparate financial solutions and the need for combined reporting.

Flanders

MindStream Analytics collaborated with Flanders to implement OneStream Consolidation and Reporting solution.

Foley Products

Foley Products was facing a significant challenge with its Excel-based actual management reporting system.

Harte Hanks

The collaboration between MindStream Analytics and Harte Hanks culminated in a highly customized, user-friendly NetSuite implementation.

Interface

Interface used a complex, manual, excel-based FP&A process for monthly review, and the summary data was loaded in OneStream.

Kymera International

Thanks to Mindstream Analytics' assistance, Kymera was able to load all of their data into OneStream and validate it successfully.

MacLean Fogg

MacLean-Fogg partnered with MindStream, a leading implementor specializing in modernizing and optimizing enterprise systems.

MEPPI

MindStream's expertise and experience were sought to conduct a vendor selection initiative focusing on MEPPI's F2023 planning process.

OUAI

MindStream Analytics and OUAI's collaboration showcases the transformative power of strategic technological intervention.

Plaskolite

By migrating to OneStream, Plaskolite has achieved a material reduction in consolidation time and overall Financial Close cycle, eliminated the hours spent compiling and verifying data in Excel, streamlined its Planning, Budgeting and Forecasting model and delivered flexible and timely reporting that enables more strategic analysis of their financial data.

Redwire

Understanding the nuances of Redwire's challenges, MindStream Analytics devised a holistic approach to overcome them. The implementation of NetSuite was just the beginning.

Simon

Simon's existing corporate Hyperion Financial Management (HFM) production application was consolidating at a rate of seven hours, a performance issue causing great headache to corporate Accounting.

Source Code

The successful transition to OneStream revolutionized Source Code's financial reporting.

Subway

Subway collaborated with MindStream Analytics for the NetSuite Analytics Warehouse implementation.

UPenn

MindStream Consulting and AppCare team members are proud be working side by side with UPenn university in accomplishing this implementation and along with continuing our AppCare services after go-live.

USG

USG was an Oracle Hyperion customer realizing that it needed more specialized support for its various Oracle Hyperion applications.

Vantiv

Dividing a hyperion planning application, expanding the hyperion footprint to forecast on the business? Customer categories.

Versant Health

Versant Health engaged MindStream to help resolve the challenges they were experiencing with their consolidation, close, and financial reporting processes.

Virginia Spaceport Authority

The MindStream team implemented the Standard + Workforce NetSuite Planning & Budgeting.

WeWork

MindStream Analytics determined that the best solution was to implement Oracle Essbase Cloud as part of the Oracle Analytics Cloud (OAC) platform-as-a-service

WindStream

Innovative use of essbase to streamline and connect hyperion financial management for enhanced financial analysis.

XY Planning

MindStream Analytics, well-versed in addressing such challenges, presented a comprehensive Netsuite solution for XY Planning.