

This month we’ve decided to mix it up a little. We spent the hour responding to questions you submitted on the following topics:
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Moderator: Ed DeLise
Panelists: Robert Cybulski, Jason Hampton, Greg Barrett, Scott Sawers, and Cindy Eichner.
Originally Presented on October 28, 2011
Become more self sufficient with your behind the scenes HFM tasks.
One of the great benefits of HFM, a powerful Oracle Hyperion EPM solution used by tens of thousands of users worldwide, is that it can be easily maintained by the finance department with minimal IT support. An effective HFM administrator can successfully diagnose, troubleshoot, and resolve errors and issues. They also know when to involve technical support resources. In the next webinar you’ll learn tips to help you become a more effective HFM problem solver. Topics covered will include:
Thousands of Oracle users around the world rely on FDM to load data to multitudes of Oracle Hyperion applications every day. It’s become an integral part of the EPM suite of products over the past decade. FDM Administrators are tasked with supporting this high volume of usage, which includes successfully troubleshooting errors that may arise in their applications to provide rapid resolution. To help you get the most out of FDM and become more self sufficient when it comes to administrative tasks, this month’s webinar will focus upon 3 main areas of FDM:
You asked, and Oracle listened! They’ve introduced significant improvements to Essbase and Planning that make them both more user and administrator friendly.
Hyperion Financial Management (HFM) and Financial Data Quality Management (FDM) have been maturing well over the last several years. The latest releases 11.1.2 and 11.1.2.1 have new features and functionality. Many clients have been waiting for these versions and it warrants a more in-depth review. Finit has been working with these products for over 8 years and we are excited to share our knowledge on these new features.
We are excited to review these new features with you. We’ve been working with very closely with these products since their inception, so we are glad to provide some perspective on what’s changed and what these changes mean to you.
In this webinar you’ll see:
Financial Data Quality Management is one of the most popular applications available in the Oracle Hyperion EPM suite. It’s powerful audit trail, intuitive workflow, out of the box reports, and finance user ownership all have contributed to its immense popularity. Working with FDM for the past 8 years has provided the Finit team with the opportunity to see just about everything related to FDM, and to develop some unique capabilities to enhance the standard functionality taking FDM to the next level.
These solutions have helped many of our clients to enjoy even more efficiencies in their reporting and data integration processes over the years, and we’re excited to share them with you.
This webinar will take you through one of the areas that we get the most questions on. What are the basic elements of the EPM infrastructure and how do they interact? How are EPM projects scoped from the infrastructure side? What do finance people need to know when it comes to the technical infrastructure of their EPM environment? How can it impact them?
If you are managing Planning, Essbase and HFM (or any of these 2) in your organization EPMA could be a good fit when you want to use a single tool for managing the common dimensions, data movements, etc. within the Hyperion environment. This webinar will take you through the basics of EPMA setup and configuration and just what EPMA can do.
The quality of your Financial Reporting reports is the most visible part of your organization’s perception of your HFM, Planning, and/or Essbase system, because many users (especially senior executives) only interact with delivered reports. Therefore, it is critical to make sure that the Financial Reporting reports are clean, accurate, and intuitive.
On January 19th, you will learn tips and tricks for taking full advantage of Financial Reporting’s features and functionality. We will demonstrate many of the more complex and less known features, including:
By applying best practices to your Financial Reporting processes, you can significantly improve your end-users’ experience while also reducing the maintenance workload on the EPM administration team. We will also be exploring some of the more recent developments in the Hyperion Financial Reporting arena including new tools available in 2010 and what we expect to see in future releases.
One of the great features in HFM is the ability to use Process Management to control the end user process, which begins when users are able to start their process and ends when they sign off on their data submission after passing pre-defined data validation checks. Process Management can be as simple as having users lock their entities when they’re complete, to as complex as having a multiple-phased submission in which trial balance data may be locked and reviewed by senior management days before supplementary rollforward data is even entered for the same entity, control functionality which was not possible within Hyperion Enterprise within the same entity.
On December 15, you learned about the basics of Process Management, including leading practices around:
When it comes to powerful alternatives for analyzing, reporting, and consolidating Financial and Operational data, Essbase leads the market. Essbase 's dominance in OLAP (on-line analytical processing) is the result of its ability to deliver extremely fast query response times for vast numbers of users, large data sets, and complex business models.
Essbase is a strong compliment to Hyperion's prepackaged applications for financial reporting, consolidations, and budgeting / planning due to its power and flexibility for superior analysis. Essbase has 2 storage options, Block Storage Option (BSO) and Aggregate Storage Option (ASO). As more features are added to ASO, it will soon become the default storage type for all Essbase applications. This webinar will include:
Oracle Hyperion Planning is widely and successfully used by many companies for forecasting and budgeting. When planning for the future, companies must plan not only dollars but also people. To further augment an organization’s capacity collaborative planning of capital expenses is needed. Additional modules are available to help organizations with these plans.
On October 13th, you will learn about the Workforce Planning and Capital Asset Planning modules. To what level of detail is the forecast and budget at your company developed? Should you consider using one or both of these modules? We’ll discuss these modules and various methods of implementation.
One of the great features in HFM is the ability to create web data forms in which users can enter data directly, without the need for account mappings, journals, or Smart View sheets. These web data forms can be designed in ways that provide very tight security and control over the data that users can enter into HFM. At the same time, the web data forms can be formatted to be very user-friendly and intuitive, so that users find the process simple and easy to follow.
On September 15, you will learn about the pros and cons of using HFM web data forms versus other methods of getting data into HFM, such as data loads, journals, Smart View, and data grids. We will talk about the considerations for each method and why web data forms may or may not be the right choice for various types of data. We will also discuss ways in which data entered via web data forms can be ‘protected’ during iterative trial balance data loads, so that the data entered via web data forms is not erased when loading a trial balance data file in ‘Replace’ mode.
Oracle Hyperion Planning and Essbase are widely and successfully used by many companies for forecasting, budgeting, reporting and complex data analysis. Databases can vary from very small BSO (block storage) to extremely large ASO (aggregate storage) cubes. The decisions regarding how to build data and metadata integration from source systems into Planning and Essbase can be challenging; this becomes even more complex when considering how to integrate data and metadata within the EPM suite of products.
On August 18 you will learn about the various data and metadata integration options for Essbase and Planning. We will discuss the business cases and pros / cons of various tools and solutions, including:
You will also see demonstrations of some of these tools and observe first-hand how they are used to integrate with Planning and Essbase.
Hyperion Enterprise is widely and successfully used by many companies for consolidations, reporting, and analysis. Oracle continues to support Hyperion Enterprise and to enhance its features and functionality with each new release. At the same time, Oracle has also created a utility that may help companies accelerate a conversion from Hyperion Enterprise to Hyperion Financial Management (HFM).
You will learn about the new Extraction Utility in Hyperion Enterprise. This utility enables you to extract your Hyperion Enterprise metadata, lists, journals, data, and logic in formats that are compatible with other consolidation products, such as HFM. Although the Extraction Utility is not intended to be a turn-key solution for upgrading from Hyperion Enterprise to HFM, it may provide a ‘starting point’ for some companies as they begin their conversions.
In addition to the Extraction Utility, you will also learn about other new features and functionality in Hyperion Enterprise 6.5.1, including data drill-back to FDM, enhancements to the backup/restore utility, and sort/search features in Hyperion Enterprise Reporting.
You will learn about the new features and functionality in EPM Fusion Edition 11.1.2 for HFM, Planning, Essbase, FDM, Smart View, and Financial Reporting. Topics will include a general overview of the 11.1.2 enhancements as well as specific discussion of new modules in 11.1.2, including Oracle Analytics Link, Public Sector Planning, Financial Close Management, and Disclosure Management.
As powerful as HFM and Hyperion Enterprise are for financial consolidations, reporting and analysis, clients who use these solutions are well aware that there are additional steps that take place outside the systems to complete the close process. These can include manual steps that lead up to the consolidation itself as well as tasks that follow the consolidation to prepare for external filings. On April 7, 2010 Oracle Hyperion announced the release of Financial Close Management and Disclosure Management, which are tools designed to pull this entire process together and to provide end users with a more streamlined and transparent experience.
In this session of the Finit Solutions Series we will review the functionality of these two solutions to help you understand the challenges that they address and the benefits that they provide.
Specifically we will discuss:
Did you know that although Oracle Hyperion Financial Data Quality Management (FDM) inherently allows for a simple process to empower finance end users to manage the data loading process, it can get even easier?
Continually loading, checking and reloading data can be a bottleneck for the analysis, planning and consolidations processes. The combination of FDM’s Batch Loader, Automated Task Manager, and advanced scripting provides complete automation of this integration process.
FDM’s Batch Loader:
Other set-up options and advanced scripting enable you to:
This advanced functionality makes FDM and its Batch Load capability something that can vastly improve the efficiency of your current process. In this webinar, you will learn how to use FDM Batch Loader’s features and functionality to streamline and increase visibility into your data load processes.
“I would like a copy of today’s presentation. I felt like it was excellent, it was exactly what it was advertised to be, and also was extremely useful.”
Julie CroftOracle’s latest major release of the Enterprise Performance Management (EPM) suite of applications is the Fusion Edition, and it contains a number of important new features and tools. In Hyperion Financial Management (HFM) and Financial Data Quality Management (FDM) specifically, there are some significant enhancements over the System 9 releases that will greatly improve your organization’s ability to perform tightly integrated and controlled consolidation, reporting, and analysis in these tools.
Oracle Premier Support for Hyperion application release 9.3 will expire in January 2012. Premier Support for release 9.2 expires in June 2010, and Premier Support for all earlier versions has already expired. Therefore, if your organization has not already upgraded to the Fusion Edition, you will want to begin learning about the improvements in Fusion and planning an upgrade strategy for your organization.
This webinar will include discussions of:
By staying on top of the latest features and functionality available, you will continue to get the most out of your EPM applications and continue to provide your organization with faster, more meaningful information for reporting and analysis.
Large complex spreadsheets, tight deadlines, high stress, multiple revisions, and then when you’re finally done it’s out of date – sound familiar? You can do better.
When it comes to powerful alternatives for planning, budgeting, and forecasting, Oracle Hyperion Planning leads the market. Hyperion Planning integrates financial and operational planning models, thereby aligning financial targets with operations-specific budgeting processes.
Hyperion Planning is a critical component of Oracle's prepackaged suite of Enterprise Performance Management (EPM) applications for financial reporting, consolidations, and budgeting / planning. In fact, many companies are now using Planning in conjunction with tools such as Hyperion Financial Management (HFM) and Hyperion Strategic Finance (HSF) to provide optimal planning, consolidation, and modeling capabilities. Join us on February 17 to learn the basics of Planning as we review the features and benefits of this solution, discuss implementation strategies, and show a brief demo of the software. This webinar will include discussions of:
By fully understanding the capabilities of Planning and how it can fit into your company’s overall Finance IT vision, you will be able to develop a strategy for providing faster, more relevant information to management and ultimately get the most out of your finance technology investment.
Oracle provides a range of tools for integration activities that cover everything from financial data movement and data quality to metadata management and loading. The thoroughness and flexibility of Oracle’s integration product suite provide customers with a wide range of choices to consider. However, the volume of tools available can make it difficult to determine which ones best fit your organization’s specific requirements.
On January 20, Finit will host a webinar in which you will learn about the differences and business use cases for the following Oracle integration products:
We will provide examples of typical integration requirements and will discuss the considerations that your company should weigh when selecting from among these integration tools.
When it comes to powerful alternatives for analyzing, reporting, and consolidating Financial and Operational data, Essbase leads the market. Essbase 's dominance in OLAP (on-line analytical processing) is the result of its ability to deliver extremely fast query response times for vast numbers of users, large data sets, and complex business models.
Essbase is a strong compliment to Hyperion's prepackaged applications for financial reporting, consolidations, and budgeting / planning due to its power and flexibility for superior analysis. In fact, many companies are now using Essbase in conjunction with tools such as HFM and Hyperion Enterprise to provide optimal reporting and analysis capabilities. Join us on December 16 to learn the basics of Essbase as we review the features and benefits of this technology and create a database “live . ” This webinar will include discussions of:
By fully understanding the capabilities of Essbase and how it can fit into your company’s overall Finance IT vision, you will be able to develop a strategy for providing faster, more relevant information to management and ultimately get the most out of your finance technology investment.
The quality of your Financial Reporting reports is a large part of your organization’s perception of your HFM, Planning, and/or Essbase system, because many users (especially those in high-level management positions) only interact with those reports. Therefore, it is critical to make sure that the Financial Reporting reports are clean, accurate, and intuitive.
On November 18, you will learn tips and tricks for taking full advantage of Financial Reporting’s features and functionality. We will demonstrate many of the more complex and less known features, including:
By applying best practices to your Financial Reporting reports, you can significantly improve your end-users’ experience while also reducing the maintenance workload on your corporate consolidations team.
FDM is a great solution to help you standardize your processes and ensure the quality of your data. One of FDM’s best features is the outstanding audit trail it provides; however, many users only take advantage of a few of FDM’s logs and are unaware of some of the best logging features that FDM provides for tracing data and user activities.
On October 21, you learn about the different types of logging features in FDM that can be used to track the full data audit trail and the full detail around all activities performed in the application. We will review logs and reports that provide insight into the data and end-user processes at various stages of the data integration process (Import, Validate, Export, Check.) You will also see how to track other end-user and administrator activities such as map changes, security changes, and script execution. This webinar will provide you with the tools to better leverage the FDM logging capabilities and to place tighter controls on your data and FDM application.
If you are using HFM for consolidations, then you already know that it is a powerful and complex tool that can vastly improve the analysis and reporting capabilities in your monthly consolidation process. However, one element of HFM that companies often do not use to its full potential is the intercompany matching and elimination functionality. In many cases, companies simply have not had the opportunity to develop a full understanding of all the intercompany features, and have therefore opted not to use them.
In this webinar, you will learn about the metadata and security features that can enable you to take full advantage of HFM’s intercompany matching and elimination functionality. We will discuss how the intercompany dimension, the value dimension, and the account and entity dimensions interact to perform intercompany matching and eliminations at the appropriate levels within your entity structures. You will learn how to analyze intercompany eliminations using data grids, BI+ Financial Reporting, and system intercompany matching reports.
By fully utilizing HFM’s intercompany features, you will not only make your consolidation process much more efficient, but will also provide valuable, detailed intercompany information to both end-users and management. The availability of that intercompany detail can drive critical management decisions and can greatly increase the value of your HFM applications within your organization.
The decisions that you make regarding the design of your HFM application and the conversion process itself will have a huge impact on the value you will ultimately get from HFM. A hasty design and conversion can burden you with costly application problems that can persist for years, whereas a carefully thought-out and executed implementation will provide you with tremendous gains in efficiency and functionality.
In this two-part series, we will cover best practices, design considerations and project planning tips for converting from Hyperion Enterprise to HFM. In the second session, on August 19, you will gain insight into planning and managing a conversion to HFM, including pre-project architecture considerations, implementation resource commitment, and end-user training plans.
FDM is a great solution to help you standardize your processes and ensure the quality of your data. Users of FDM may or may not realize that there are a number of FDM application settings that allow you to control how FDM interacts with your target data systems. In this webinar, you will learn how to change those settings and get more out of FDM.
In this webinar, we will:
The decisions that you make regarding the design of your HFM application and the conversion process itself will have a huge impact on the value you will ultimately get from HFM. A hasty design and conversion can burden you with costly application problems that can persist for years, whereas a carefully thought-out and executed implementation will provide you with tremendous gains in efficiency and functionality.
In this two-part series, we will cover best practices, design considerations and project planning tips for converting from Hyperion Enterprise to HFM. In the first session, on July 22, we will demonstrate the basic differences between the two products and offer recommendations for utilizing the enhanced functionality in HFM.
FDM is a great solution to help you standardize your processes and ensure the quality of your data is sufficient. Everyone who works with this product also knows that it comes with a useful set of reports to help you gain further insight into the data that you've collect. Not everyone knows how to make the most out of these reports, so this webinar helps you to do just that.
In this webinar we review all of the reports in the standard FDM set of reports that is shipped with the product. We then show how to make modifications to these standard reports and how to move reports between folders. Changing security access to individual reports as well as folders of reports is covered next. Lastly we who some of the customized reports that FDM have had tailored to meet their specific FDM reporting requirements.
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