ERP (Enterprise Resource Planning) systems took worldwide workplace entities by storm when they automated all the manufacturing, administrative, supply chain, and financial systems. They not only made tasks easier for employees but also optimized all processes, dramatically reducing the number of steps in task cycles and generating significant increases in revenues. However, this created a vacuum in companies for interfaces that could perform a correct and efficient examination of business results and be used by business owners and stakeholders themselves.
Enter EPM (Enterprise Performance Management) systems, which provide real-time news and business intelligence in the most accurate and easy-to-use ways. Hyperion is a suite of software applications with multiple features and offerings, catering to organizations’ financial, supply chain, and reporting spheres, its EPM system being most widely acclaimed. Hyperion has a diversity of modules that provide a full range of solutions for today’s workplace. The financial module of Hyperion, called Oracle Hyperion Financial Management, is known to cut down on time utilized for financial processes, such as the financial closing process, conducted in nearly every organization.
Accuracy And System Synchronization
All the modules employed for running the organizational processes are connected with the reporting systems to synchronize the data completely. There is full accuracy for the users at the manufacturing and financial ends and the business intelligence side of the organization.
Ease Of Use
The software is very easy to use and can be accessed directly by senior management of organizations; it does not require intermediaries specially trained in IT systems. This lets them be independent, have greater control, and be more connected to their organizations. This, in turn, increases the profit margin and the credibility of company leadership.
Portability
The software suite is highly portable and available across multiple platforms and devices. It can be accessed from computers and workstations, and mobile devices such as tablets and cellphones.
Integration With Oracle And Non-Oracle Systems
Though Oracle owns Hyperion, it can easily be integrated with information systems outside of Oracle, making it highly fluid and adaptable. It can be installed directly with most of the current-day existing systems without the need for extra customizations or additional installations. This makes it a favorite for organizations because this reduces installation costs and leads to fewer overhead tasks for installation teams. It also makes software adoption easier because there is less training required, as users can continue using their existing systems for most of their work processes, in addition to the new software, which accounts for a fraction of their work processes versus completely replacing them.
Hyperion On The Cloud
The software is available on the cloud, which makes it extremely accessible, and low cost. This setup reduces the price for the maintenance of advanced and expensive infrastructure in-house, making it easy for companies to acquire and run it long term. Cloud availability also offers easy access from various locations to organizational employees and management, eliminating the need to log in from fixed physical locations.
Hyperion Export Feature
Hyperion can also be exported to Excel, which makes it a favorite for the old school professionals who love to perform all functions on MS suite and are hesitant to try new systems and software. Thus it caters to end-users across all ends of the technology spectrum.
