Web Marketing
Live Chat | Request a Quote

Blog

Musings on design, development, and digital marketing

What Is Hyperion and How It Can Transform Your Business

MONDAY, JULY 16, 2018

The business model of modern organizations is rapidly shifting due to stiff competition, currency fluctuation, customer requirements, operational expenses and the occasional change in government regulations. In order to adapt to an ever-changing marketplace, businesses need a dynamic and seamless integration of Enterprise Resource Planning across the organization.
 
Hyperion provided solutions enables businesses to respond to these demands on a global scale and transform their current processes to collect, analyze, consolidate, report, and forecast the data that drives mission-critical decisions.
 
Many organizations are talking about Hyperion development, but how does it really fit into an Oracle EBS environment and what are the benefits of using Hyperion financial management and development services or financial planning, budgeting, and forecasting?
 

What Is Hyperion?

 
Hyperion is a highly effective financial and planning as well as Enterprise Performance Management (EPM) Tool.  Hyperion is a global leader when it comes to business or corporate performance management, enabling organizations to translate strategies into plans, monitor execution, and provides insight to improve both financial and operational performance. 

 

 Some of the key highlights of Hyperion are:


Helps businesses in integrating, planning, managing and execution of goals

  • Timely and error-free data analytics to evaluate the business performance of the organization and make quick improvements to the business model
  • Unlock the potential to generate more profit from the profit centers of an organization
  • reducing the operational costs, to a larger extent  for administration, workforce, other expenses and more
  • Projecting long-term strategic goals to ensure stakeholders and equity holders of an organization for more business growth 
 

How Hyperion Development Can Benefit Your Business

 
With Oracle Hyperion Financial Management, companies and Businesses are able to dissect and analyze data from different angles and create new data sets to help them come up with viable plans, budgets, and forecasts.
 
Here are the TOP solutions that Hyperion provides to your business:
 

Financial Analysis

 
  • Financial planning and budgeting, forecast, monitoring actual vs. projected activities, reporting for top management
  • Full P&L responsibility, generating month and year-end closing
  • Prepare various financial analysis, and weekly/monthly financial reporting
  • Traditional NPV, ROI, IRR calculations for investment projects
  • Advise potential clients on investment opportunities in the DR incl. financing options and real estate taxes and regulations
  • Investment analysis of business operations for tourist industry (hotels, restaurants, condo building, residential areas)

 
Financial Planning

 
  • Driver based income and expense planning
  • Predictive analysis based on the historical data
  • Use of various drivers and ratio while determining auxiliaries’ income
 

Strategic Decision Making

 
  • Demand-based budgeting
  • Easy on the Eye dashboards
  • Budgets for the planned renovation and other exceptions
  • Workforce Planning
  • Determine workforce requirement based on the occupancy
  • The balance between temporary and permanent staff
 

Hyperion Cloud Hosting 

 
  • Seamless, secure migration or upgrade of your Hyperion applications
  • Simplified user-friendly platform to handle complex Hyperion application management
  • Automated subscription to Hyperion continuous innovation releases

 
In Conclusion

 
An organization can improve tremendously by gaining knowledge, predictability skills, forecasting outcomes and performing what-if analyses to identify trends, and succeed in the ever-changing environment of the 21st century by combining these solutions provided by Hyperion development services.
 
With over 15 years of experience in overall IT management, Cogniter is developing and analyzing reports using Hyperion reporting tool, Hyperion Financial management tool and Excel add-in, BSO cubes, calculation scripts, Report Scripts, and helping businesses to grow. Contact us to hire our Hyperion development experts or send email to consultation@cogniter.com.  
Posted By Harold Singh at
Label(s):  

comments powered by Disqus
 
Share on Facebook. Share on Google+ Pin It

Blogs by Categories

Blogs by Years

Recent Posts

News and Events

News and information of our company, projects, partnerships, staff and community.

Show All