Question: What Is Hyperion Financial Reporting?

What are Essbase cubes?

An Essbase Database is also commonly referred to as a cube.

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

Users can drill up or down, or users can pivot different dimensions to form new cross sections and better analyze the data..

What is HFM code in SAP?

0. HFM is one of the financial reporting system. you can call it one of the legacy systems also. Data is stored in SAP in certain tables in a way that when they exchange the information with HFM system it reflects in a certain way.

What is HFM consolidation?

Oracle’s Hyperion Financial Management is a web-based Financial Consolidation , reporting and analysis tool. It provides financial stakeholders with the ability to rapidly close and report financial results, meet global regulatory requirements, reduce the cost of compliance and deliver confidence in the numbers.

Who is the god Hyperion?

In Greek mythology, Hyperion (/haɪˈpɪəriən/; Greek: Ὑπερίων, romanized: Hyperíōn, ‘the high one’) was one of the twelve Titan children of Gaia (Earth) and Uranus (Sky) who, led by Cronus, overthrew their father Uranus and were themselves later overthrown by the Olympians.

What is smart view in Hyperion?

Smart View is an excel interface that connects with Hyperion Planning and Essbase to allow users to perform ad hoc analysis and reporting, input data instead of the web-based forms, and view Financial Reporting (FR) reports. Windows Users Mac Users.

Is Hyperion part of Oracle?

Hyperion Solutions Corporation was a software company located in Santa Clara, California, which was acquired by Oracle Corporation in 2007.

What is Hyperion planning and budgeting?

Oracle Hyperion Planning is a centralized planning, budgeting, and forecasting solution that integrates financial and operational planning processes and improves business predictability.

Why do you get Hyperion?

The database that allows you to access data very quickly is Hyperion. It aims to support improved business decision-making and Business Intelligence….What Makes Oracle Hyperion a Unique Technology?AreasHyperion BenefitsAddressing business needsHyperion addresses financial and accounting needs better than SAP2 more rows

What is Oracle EPM?

Oracle Fusion Cloud Enterprise Performance Management (EPM) helps you model and plan across finance, HR, supply chain, and sales, streamline the financial close process, and drive better decisions. …

Is Essbase a OLAP?

Essbase—a multi-threaded OLAP database software that takes advantage of symmetric multiprocessing hardware platforms—is based on Web-deployable, thin-client architecture. The server acts as a shared resource, handling all data storage, caching, calculations, and data security.

How is data stored in Essbase?

Essbase uses a three-tier architecture where the data is stored in Analytic Services databases (aka Essbase databases) which either talk directly to a client tier via TCP/IP, using tools such as SmartView (the MS Office add-in), various C and Java APIs and tools using MDX, XML/A and so on.

What is the difference between Essbase and SmartView?

2.1. 102 of Smart View added major features to make it compelling for Essbase Spreadsheet Add-in users to move to Smart View. Smart View, unlike Essbase Spreadsheet Add-in, is an integrated office add-in that works across the Microsoft® Office Suite and not just Excel.

What is Hyperion reporting system?

Oracle Hyperion Financial Reporting generates highly formatted, book-quality financial and management reports that are GAAP compliant. The graphical, object-based drag and drop user interface enables you to rapidly create reports that combine grids with data and text, charts, text boxes, and images.

What database does Hyperion use?

A simple configuration was used consisting of Oracle Database Appliance running Oracle Enterprise Linux 5.8 running Hyperion Planning, the EPM Foundation Software, Essbase the Oracle 11gR2.

How does Hyperion financial management work?

Oracle Hyperion Financial Management provides financial consolidation and reporting that enables you to rapidly consolidate and report financial results, meet global regulatory requirements, reduce the cost of compliance, and deliver confidence in the numbers.

What does HMF mean?

High Maintenance FemaleWhat does HMF stand for?Rank Abbr.MeaningHMFHigh Maintenance Female

How much does Hyperion cost?

Oracle Hyperion License cost: Each license cost around $9,995 per financial planning suite.

What is Hyperion used for?

Oracle Hyperion Financial Management is a comprehensive, Web-based application that delivers global financial consolidation, reporting and analysis in a single, highly scalable software solution.

What does HFM stand for in finance?

Hyperion Financial ManagementOracle Hyperion Financial Management (HFM) is a financial consolidation and reporting application built with advanced Web technology and designed to be used and maintained by the finance team.

What is the difference between Hyperion and Essbase?

Hyperion Essbase is more flexible than Hyperion Planning as it is a standalone OLAP engine and can be used for more than just planning purposes. While Essbase excels at financial calculations and analysis, it can benefit any business department that uses numeric data.