Oracle Hyperion Financial Management
Oracle HFM is the benchmark solution for reliable statutory consolidation and compliant, rapid and transparent financial reporting.
Understanding the solution
The Oracle Financial Management solution
Oracle Hyperion Financial Management(HFM) is a recognized technology for statutory consolidation, which today requires specific expertise to maintain and develop it, and to prepare finance function development projects.
Oracle Hyperion Financial Management
Excellence in financial consolidation to enhance your performance
Oracle Hyperion Financial Management has been designed to help Finance Departments achieve reliable statutory consolidation and compliant reporting, in a secure, structured environment.
WithOracle HFM, users can automate their processes, visualize their consolidated data and analyze their financial results in real time, while meeting international regulatory requirements.
Despite being a mature technology, Oracle HFM is still used by many large companies that need expert support to :
- Maintain and optimize existing systems (TMA)
- Prepare the evolution of control processes and their implementation on new market cloud solutions
- Ensure the continuity of their critical financial processes
Advantages
Why use Oracle Financial Management
Oracle Hyperion Financial Management helps you structure your consolidation and reporting processes, making them more reliable and automated, thanks to a robust architecture designed to handle the complexity of international groups.
The solution integrates modules dedicated to complete management of the closing cycle and regulatory compliance, while facilitating data analysis and retrieval:
- Oracle HFM is supported by integrated workflows, rigorous business rules and advanced support for intra-group transactions, currency conversions and minority interests. All in a secure, auditable environment that can be fully customized to suit your compliance requirements.
- The solution connects easily to your source systems and integrates natively with Oracle tools (Smart View, Financial Reporting, Disclosure Management), giving you a consolidated, reliable and usable view of your financial performance.
Advantages and areas covered
Areas covered by Oracle Hyperion Financial Management
With Oracle HFM, structure your financial performance from start to finish.
Oracle HFM for reliable, automated consolidation
Oracle Hyperion Financial Management enables you to shorten consolidation times by automating key processes: elimination of intercos, IFRS or US-GAAP compliant currency calculations, minority interests, on-board controls and complete data traceability.
Oracle HFM for greater control over your closing operations
The solution integrates workflows, validations and controls throughout the closing process, to improve data reliability and facilitate auditing. It enables better coordination between teams, centralizes adjustments and automates compliance procedures, thus reducing the time and costs associated with monthly, quarterly or annual closings.
Oracle HFM for accurate and accessible financial analysis
Thanks to its integrated modules (Smart View, Financial Reporting, Disclosure Management), Oracle HFM can produce dynamic, multi-scenario reports that comply with regulatory requirements. Users can access consolidated, up-to-date and detailed information that can be used directly to support strategic decisions.
Oracle EPM Cloud Planning for dynamic, consolidated budget forecasting
Oracle EPM Cloud Planning can be coupled with HFM to enhance analysis capabilities and cover simulation and forecasting needs.
Thanks to the Planning module,Oracle EPM Cloud enables you to build all forecasting scenarios (Budget, Forecast, Plan, etc.) at a finer, operational level, feeding scenarios into HFM and providing a consolidated view of forecasting data.
SQORUS strengthens its EPM expertise with Smarthys
Together, we can offer you a comprehensive approach to transforming and optimizing your company’s performance management processes.
Our support
Our HFM expertise: maintenance, optimization and Cloud evolution
Expert Third-Party Application Maintenance (TMA)
SQORUS maintains and optimizes your existing HFM applications:
- Adaptation to regulatory changes (IFRS, US-GAAP)
- Developments (TFT, CBCR, Tax reporting, etc.)
- Administration and current developments
- Troubleshooting technical problems and incidents
- Optimizing performance and stability
- User support and training
Cloud agnostic migration
Our platform-agnostic approach will support you in your transition to the cloud, whatever platform you choose:
- Assessment and audit of your current HFM environment
- Definition of a migration strategy tailored to your needs
- Deployment on various Cloud infrastructures (Azure, Oracle OCI, AWS, OVH...)
- Securing your sensitive financial data
- Service continuity during the transition
Upgrade to new EPM Cloud solutions
Our expertise extends to successor solutions to HFM :
- Support in moving to Oracle Cloud EPM (FCC)
- Openness to new market solutions
- Transformation of financial processes
- Modernize your consolidation and reporting tools
- Exploiting new Cloud functionalities
- Training and change management
Why work with SQORUS
The benefits of our support for your financial consolidation
Our dual technical & functional expertise
Our consultants have dual technical and functional skills, enabling them to make the most of Oracle HFM and its interactions with other solutions.
A pragmatic approach to TMA
We focus on pragmatic, scalable maintenance, limiting unnecessary complexity and facilitating the gradual transition to modern Cloud solutions.
Cloud agnostic migration strategy
With our Smarter program, we secure the evolution of your financial IS towards the Cloud: infrastructure adapted to your needs, progressive migration, integration of new functionalities and support towards Cloud solutions.
Smarthys & SQORUS, certified Oracle partners
At Smarthys, part of the SQORUS group, we’re proud to be certified Oracle partners. This certification testifies to our in-depth knowledge of all Oracle EPM solutions, from historical technologies such as HFM to new Cloud solutions.
Do you have an Oracle Hyperion Financial Management project?
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