Oracle Hyperion Financial Management (HFM) is a financial consolidation and reporting application built with advanced web technology.
HFM allows financial managers to rapidly consolidate and report financial results, meet global regulatory requirements, reduce the cost of compliance, and deliver confidence in the numbers. Centroid’s extensive knowledge of HFM helps finance executives face the daunting task of consolidating their organization’s financial and operating results. Our understanding of the entire Hyperion Close Suite of products allows us to improve close cycle times, reduce compliance and control risks, process intercompany eliminations, perform scenario management, and comply with financial and consolidation (US GAAP/IFRS) reporting.
Enhance financial agility with Oracle Cloud EPM & Hyperion Solutions
- Connected Enterprise Planning – From long range scenario modeling to monthly rolling forecasts, Oracle’s EPM Cloud enables visibility and accuracy for your organization.
- Narrative Reporting – Leverage Oracle’s Narrative Reporting solution, powered by Artificial Intelligence and Natural Language Processing, to connect financial metrics with compelling business narratives.
- Profitability & Cost Management – Identify and optimize profitable segments within your enterprise using Oracle’s specialized allocations tool.
The University of Texas at Arlington reduced annual budget time by 40%.
Connected Enterprise Planning
Oracle’s latest deployment of Hyperion and Essbase technology is now available through the EPM Cloud and is central to driving connected planning for today’s enterprise. From long range scenario modeling to monthly rolling forecasts, Oracle’s EPM cloud enables visibility and accuracy for your organization.
Whether you are looking for best practices out of the box or to redesign your business processes to fit today’s models, Enterprise Planning provides a flexible platform that can be tailored to your needs.
Empower Your Business Processes with Connected Enterprise Planning
- Integrate headcount related drivers into your workforce planning strategy
- Create expense baselines and revenue expectations for your internal or external projects
- Model capital financing scenarios and cash flow impacts for your asset investments
- Connect sales forecast expectations to your financial revenue forecasts
- Automatically generate the Big 3 financial statements with pre-built frameworks OOB
Planning Simplified & Scalable
Enterprise Planning provides a flexible platform that can be tailored to your business’ needs. Oracle’s planning solutions enable more time for strategy and analysis across various business verticals including:
Financial Planning
Are your finance teams still relying on Excel to generate your revenue and expense plans? Have you taken steps to enable dynamic rolling forecasts? Have you identified the most reliable drivers for your business?
Centroid has decades of successful cloud project execution across all industries. We bring deep technical expertise to provide best-in-class recommendations on modernizing your financial planning. Our average transition to Cloud Planning sees a 40% reduction in time to budget.
What Financial Planning can do for your business
- Eliminate spreadsheet versioning and manual adjustments with collaborative, business-focused dashboards
- Automatically generate Profit & Loss, Balance Sheet, and Cash Flow statements configurable to your industry with pre-built frameworks out of the box
- Capitalize on configurable frameworks for driver and trend-based planning with pre-built best practices
- Enable flexible and dynamic rolling forecast with direct integrations into your source systems
Strategic Planning
Finance teams can generate long-range plans with greater accuracy than ever before. Incorporating external factors like economic indicators and black swan events, your team can now chart a path into the unknown.
With Strategy Planning in EPM Cloud, finance leaders can leverage uncertainty planning to mitigate market risk before impact is felt.
What Strategy Planning can do for your business
- Model M&A activity and downstream balance sheet impacts
- Set revenue targets with goal-seek functionality
- Utilize statistical ranges of uncertainty to model the likelihood of success for high-impact initiatives
- Hypothesize financing situations to drive strategy for liquidity and asset composition
Workforce Planning
If your organization isn’t integrating headcount-related expenses into your financial plans, then you could see rapid growth hindered by ineffective hiring. Reduce the risk of stagnation by gaining a full understanding of the intricacies of your workforce and related costs.
Whether you use Oracle Cloud HCM or Workday, Oracle’s purpose-built Workforce Planning module will integrate employee data into your bottom line easier than ever before.
What Workforce Planning can do for your business
- Direct integrations into any cloud-based HRIS or ATS/Recruiting platform
- Visualize and plan by individual employee or department with compensation-related drivers out of box
- Unravel the complexity of employee-related expenses like benefits, tax, and training
Capital Planning
Capture your full capital asset lifecycles and integrate your investment data to cash flow forecasts. Take advantage of out–of-the-box configurations to incorporate repairs, insurance, and maintenance to get a full picture of your capital expenses.
What Capital Planning can do for your business
- Model depreciation and amortization with a variety of strategies for cash flow planning, asset-related expense planning, and more
- Fully visualize the impact of buy versus lease scenarios with pre-built capital expense analysis
- Plan for both tangible and intangible asset lifecycles
Project Planning
Another module native to Oracle’s Cloud Planning platform, Project Financial Planning provides a flexible and extendable tool that can provide visibility into both internal and external projects.
By partnering with Centroid and Oracle, your organization will be able to model and measure expenses and revenue from all operational units.
What Project Planning can do for your business
- Plan expenses for internal projects including R&D, IT, Marketing, and training
- Forecast revenue from customer-facing projects like professional services, engineering, construction, and more
- Understand net present value, return rates, and ROI in order to gauge project performance and value for future endeavors
- Integrate into your workforce planning tool to create headcount utilization models for internal projects
Narrative Reporting
While there are many software solutions that can output robust and detailed financial reports, there are far fewer that can marry qualitative, event-based data to quantitative transactional information. Oracle’s Narrative Reporting solution leverages Artificial Intelligence and Natural Language Processing technology to link your financial performance to a narrative of your business.
Discover the story behind your data by partnering with Centroid and Oracle. Whether you are a fortune 100 company or just getting your feet wet with cloud – we’re happy to answer any questions you may have on Narrative Reporting.
How Narrative Reporting reveals the story behind your data
- Use Microsoft Office and PDF documents to integrate any and all data from across sources into your reporting packages
- ERP agnostic: integrate directly with your preferred source system
- Flexible user permissions and version control for easy collaboration and versioning
- XBRL Taxonomy Management – Publish in XBRL, iXBRL, SEC EDGAR HTML and PDF
Profitability & Cost Management
How is your organization identifying its most profitable and successful business segments? How are you allocating costs across departments and product groups to optimize cash flow? Oracle’s purpose-built allocations tool, Profitability and Cost Management, eliminates the complexity in understanding profitability, while enabling business users with the tools to effectively allocate cost and drive optimal cash flow.
Your finance teams are tired of dated and manual processes to allocate costs across your enterprise. Profitability & Cost Management will automate your processes allowing more time for analysis and strategy.
Unlock business insights with Profitability & Cost Management
- Distinguish between the most profitable and costly areas of your business without relying on IT
- Utilize pre-built allocation scenario modeling out of box to create alternative allocation models
- Leverage integrated data hierarchy and dimension management to seamlessly align with your source systems
- Eliminate “black box” custom calculations and enable transparency throughout the allocations process
Take the next step
Contact us today for more information about our Oracle EPM services and solutions.
