What is Hyperion Finance?
Managing a successful organization today relies on the critical information obtained from business results and operations. Planning and Forecasting are just shots in the dark without comprehensive, accurate, and consistent data about the most important operational aspects of the business.
As the speed of business increases, along with the level of competition, legacy systems used to deliver critical operating data cannot keep up. Such systems need a lot of manual intervention to collate, integrate, and create reports from fragmented and siloed data, and that can mean the information arrives too late to give businesses the advantage they need.
Manual processes often lead to errors, making reports less reliable, and manual integration processes can become rigid and inflexible. Advanced Enterprise Performance Management (EPM) solutions such as Hyperion offer Finance several key features that deliver more value to your organization. Modern EPM solutions also enable better insights and make it possible for businesses to find new growth avenues and gain an advantage over their competition.
Hyperion Finance On-Premise Solutions
EPM 11.2 is Oracle's newest release of on-premise Hyperion applications. These powerful tools include Hyperion Planning, a centralized planning, budgeting, and forecasting solution that integrates financial and operational planning processes and improves business predictability, and Hyperion Financial Management (HFM), a comprehensive, web-based application that delivers global financial consolidation, reporting, and analysis in a single, scalable solution. Both applications utilize today's advanced technology yet are designed to be owned and maintained by the enterprise's finance team.
Additional on-premise applications in the Hyperion Finance suite of tools include:
- Hyperion Data Relationship Management
- Hyperion Performance Scorecard
- Financial Reports
- Hyperion Smart View
- Profitability and Cost Management
- Tax Provisioning
Hyperion Finance Cloud Solutions
Today, modern EPM must deliver substantial enhancements to the planning function, including better capabilities for long-range strategic planning, better financial and operational planning features, and a single enterprise view of the plan, budget, and forecasts...offered in the cloud.
EPM Cloud provides a full suite of business processes and best practices to deliver value to CFOs and their Finance teams including:
- Planning
- Financial Consolidation and Close
- Tax Reporting
- Profitability and Cost Management
- Account Reconciliation
- Data Management
- Narrative Reporting
EPM Cloud is a platform that delivers prebuilt, best-practice planning tools for both the finance function and the lines of business that enables organizations to get more value more quickly. Rather than customizing planning processes and maintaining those customizations, your organization can leverage the tools immediately. Full visibility across the entire financial close process is also possible with comprehensive data that covers all aspects of performance by viewing the entire close process, from sub-ledger close to reporting.
MindStream Analytics has a strong offering within the Oracle Hyperion on-premise and Cloud EPM space. We help organizations of all sizes and industries acquire, implement, host, and manage strategic finance solutions designed to grow your business by bringing people, processes, and information together. Our team is made up of business and technical experts with years of experience with Enterprise Performance Management and Advanced Analytics.
Partner SpotLight
Oracle
Oracle has the most comprehensive suite of integrated, global business applications that enable organizations to make better decisions, reduce cost
Our Company
MindStream Analytics can help you learn more about Hyperion Financial Management and its full scope of capabilities. Our consultants have a long-standing history of quality services within the Hyperion community, including the ODTUG, Oracle Application User Group's (OAUG) and their Hyperion Special Interest Groups (SIG).
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.