Hyperion Financial Management (HFM) is an enterprise-class financial consolidation and reporting software solution developed by Oracle Corporation. It is part of the Oracle Enterprise Performance Management (EPM) suite. HFM is designed to help organizations streamline their financial consolidation, reporting, and analysis processes.
Here are some key features and functionalities of Hyperion Financial Management:
- Financial Consolidation: HFM allows organizations to consolidate financial data from multiple sources, business units, and currencies. It supports complex consolidation rules and calculations to ensure accurate and consistent financial reporting.
- Data Validation and Intercompany Eliminations: HFM provides tools to validate and reconcile data, identify intercompany transactions, and eliminate intercompany balances. It helps organizations maintain data integrity and compliance with accounting standards.
- Reporting and Analysis: HFM offers flexible reporting and analysis capabilities. Users can create standard financial reports, ad hoc reports, and multidimensional analysis to gain insights into financial performance and trends. It supports various reporting formats, including Microsoft Excel integration.
- Financial Close Management: HFM includes features to streamline the financial close process. It supports task management, workflow automation, and document management, enabling organizations to efficiently manage and track the progress of close activities.
- Currency Translation and Consolidation: HFM provides comprehensive currency translation and consolidation capabilities. It handles multiple currencies, exchange rate calculations, and local statutory requirements to facilitate accurate financial reporting for global organizations.
- Compliance and Auditability: HFM helps organizations comply with financial regulations and standards. It maintains a complete audit trail, tracks data changes, and provides security features to ensure data confidentiality and integrity.
- Integration with Other Systems: HFM can integrate with other financial and operational systems, such as enterprise resource planning (ERP) systems, to automate data transfer and streamline the consolidation process. It facilitates data synchronization and reduces manual data entry
Hyperion Financial Management is widely used by organizations across industries, particularly those with complex financial consolidation and reporting requirements. It helps finance teams enhance the accuracy and efficiency of their financial processes, improve data visibility, and support decision-making.
We can train your team to gain an in-depth knowledge of Hyperion Financial Management (HFM) and the full scope of its capabilities. Our team 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).
