Personnel are frustrated, overworked, and under-productive. Each month, each quarter, and every year, customers rely on Oracle Hyperion Financial Management for high quality consolidation and reporting that passes audits and reduces their costs of compliance. The first spreadsheet-native FP&A software that empowers teams to drive better planning and performance without changing how they work. We also offer full integration into your accounting system via our api, so no more downloading and uploading of trial balances. Reduce manual work by using automatic, standard intercompany eliminations. Your staff knows the applications already. What is financial planning? Manage revenue like a dream with features built to streamline complexity. PROPHIX helps you go beyond the limitations of spreadsheets and provides an end-to-end offering including products, professional services, education, and technical support. Inter-company reconciliation involves journal entries where inter-company elimination is logged and validated through a simple user-friendly interface. These help drill-down to a specific location or department, or upwards to look at the financial performance of your organization as a whole. Read about Oracles commitment to Hyperion. Right-click on the ad, choose "Copy Link", then paste here CCH Tagetik Finance Transformation Platform, powered by the Analytic Information Hub, is the unified platform that connects finance and operations and streamlines your consolidation & close, planning, reporting & analytics, disclosures and compliance. Oracle Hyperion Financial Management is a comprehensive, Web-based application that delivers global financial consolidation, reporting, and analysis in a single, highly scalable software solution. The Web-based architecture of Oracle Hyperion Financial Management lets users input, consolidate, and access global financial information quickly, easily, and securely from any location using a standard browser. Spreadsheet-like interface. A good understanding of your multi-national requirements can help you design and achieve the best results from your financial architecture, for your month-end reporting, as well as for your day-to-day transactions. So if you're looking for some FP&A software, you'll love this guide. Prepare your stand alone or consolidated annual financial statements in Quick Consols at year end as well, completing your reporting cycle in full with one app. Subsidiary accounting journals can be imported automatically or uploaded in any format that your accounting software supports. Low-cost, easy-to-use financial reporting software. This simply means the software can present financial statements and statements of cash flows in a manner that would be approved by these reporting agencies. TCM removes the limitations on your spreadsheets and provides a powerful predictive analysis function that allows you to run limitless what if scenarios to vastly improve your corporate information, decision-making and performance management. Easily consolidate and run your toughest financial reports. It is important to note that with the Cloud Suite, companies no longer have to manage the software and servers as Oracle manages both. Take the guesswork out of how, where, and when to use your data. What is Hyperion Software? - Get a Demo - MindStream Analytics By providing user licenses specifically tailored for auditors and a library of configurable audit report templates. Every company's financial plan, budget or forecast usually starts with the key question. Jedox aims to streamline your planning process, unite users and data on one platform, and improve your businesses budgeting and forecasting. Accelerate time to value with OneStreams built-in understanding of accounts, currencies, ownership and intercompany activity. Spreadsheet software that drives better business decisions. These companies face the issues of decentralized accounting, inter-entity transactions, dealing with multiple currencies, and more. Craft management reports for print or web in minutes, not hours. All-in-one reporting, analysis & forecasting. Receive ongoing new features and a transparent roadmap. It also incorporates U.S.-GAAP (generally accepted accounting principles), IFRS (International Financial Reporting Standards), and local statutory requirements to ensure report accuracy and compliance. Efficiently collaborate with teams of any size. Applications and supportan unbeatable combinationincluded Oracle Applications are: Oracle E-Business Suite, Hyperion, JD Edwards EnterpriseOne, PeopleSoft, and Siebel. Collaborates with the business and executives to develop plans, budgets, and forecasts and explain variances. Plus, adjust plans in real-time to adapt to change. Their solutions help teams budget, plan, consolidate, and report automatically. Put simply we transform finance functions by enabling CFOs, Finance Directors and Financial Controllers to: Interested in learning more? PROPHIX financial, deFacto Planning was built from the ground up as a unified Corporate Performance Management (CPM) solution, using standard Microsoft technology with the ability to connect to any ERP or other data source, regardless of database platform. Each can be used entirely or mashed up with configured processes to quickly deliver value to your planning. Local currencies are brought across, as well as your reporting currency. Predicting and managing the future of your business just got easier. Workday Adaptive Planning for finance provides explicitly flexible, scalable financial planning and analytics for large enterprises; powerful modeling for any size business; reporting thats easy to use and always up to date, and real-time financial consolidation that accelerates your financial close. Compare Oracle Hyperion alternatives for your business or organization using the curated list below. Impact is immediate. Easily connect to ERP, HCM, CRM, and other data sources for fast, reliable, and accurate business planning. Whatever your business size or nature you will need to produce financial planning and analysis for. Hyperion Financial Management (HFM) from Oracle is a cloud-based financial consolidation, analysis, and monitoring application. In addition, it is easy to share data between Oracle Hyperion Financial Management and Oracle Essbase or data warehouses, by using Oracle Essbase Analytics Link for Hyperion Financial Management. A budgeting, planning & forecasting application designed by PROPHIX Software. Demo Pricing Write a Review Oracle Hyperion Financial Management is a financial consolidation and reporting application built with advanced Web technology and designed to be used and maintained by the finance team. They apply context and narrative to what is happening in the business and why. Thanks for helping keep SourceForge clean. But there's a lot of FP&A software out there. Patented layering technology makes Synario financial models better able to replicate any scenario. Part One: The Evolution of the Oracle | Hyperion Consolidation Tools Its revolutionary toolkit approach, as well as delivering unrivaled speed in BI and CPM applications building, customization and maintenance, provides end-users with an advanced interactive interface.This unique capability turns the self-service creation of any report or analysis into the, Anaplan Connected Planning platform helps businesses turn response time to real time. Oracle Hyperion Financial Management software is a comprehensive, Web-based financial systems software application that delivers global collection reporting and analysis in a single, highly scalable financial management software solution. These dashboards can be accessed from Mobile devices including iPads and iPhones. Our patented software works with QuickBooks, Xero, MYOB and Excel to provide you with insightful reporting and game-changing analysis. that helps develop reliable financial forecasts based on sales and operational assumptions to produce cost-effective enterprise alignment. that meet your exact requirements. Creating consolidated financial statements should not be a time-consuming, manual, and error-prone process. On the back-end there are 3 components to deFacto Planning SQL Server Relational, SQL Server Analysis Services (SSAS) and the deFacto Web service. Hyperion Financial Management HFM | - Learn More - MindStream Analytics Vena offers a complete planning platform to bring together people, processes, and systems. Companies trust CCH Tagetik Corporate Performance Management software to save time, lower costs and reduce risk. Work with real-time data and insights from the outermost edges of your enterprise. It also helps calculate anticipated outcomes, predict risk, and report on past numbers. For Finance, Anaplan specifically provides FP&A solutions to connect your people, data and plans across your organization to empower the right decisions quickly. Support, security, and updates to fuel your business success. Oracle University provides learning solutions to help build cloud skills, validate expertise, and accelerate adoption. 2023 Slashdot Media. This proven philosophy underpins our first-time-on-time-every-time delivery model! Break down siloes, unify data, and synchronize planning across the organization to reveal the full picture and drive integrated plans. eprentise Consolidation software automates the process and generates all of the required code, standardizing data, resolving conflicts, aligning set-up parameters, and synchronizing business processes across multiple implementations of EBS. These, Fluence is the only pure-play financial consolidation, close and reporting software for high-growth businesses. It provides financial managers the ability to rapidly consolidate and report financial results, meet global regulatory requirements, reduce the cost of compliance and deliver confidence in the numbers. Whether you are using one of these tools or considering a move to a different tool, it is important to understand some high-level differences. Available in multiple deployment models, Board gives users access to the right information easier and faster. Oracle Essbasegives organizations the power to rapidly generate insights from multidimensional data sets using what-if analysis and data visualization tools. Be ready to make everything happen at once. Oracle EPM consistently tops analyst rankings; thousands of customers gain more value from running their EPM processes with Oracle in the cloud. Fully automate your group financial reporting at the touch of a key. OneStream vs Oracle Hyperion | TrustRadius Longview Close offers the highest number of plug-and-play applications in the industry. Build accurate planning models faster, reduce errors, and drive better decision-making. What is Financial Consolidation Software. You can interact with Essbase through a web or Microsoft Office interface to analyze, model, collaborate, and report. Like spreadsheets, TM1 is valuable to business users because it allows them to combine multiple data sources along with user input to create the business models that underpin real business decision making. Oracle Hyperion Planning is ideal for large enterprises with strong IT teams seeking a broad performance planning management solution that is integrated into existing Oracle enterprise solutions. The financial close market includes capabilities that support and automate the close, consolidation and reporting processes of the overall finance record to report process. They also offer cloud or on-premise solution options. Those looking for a solution that goes far beyond just FP&A might do well to consider Adaptive Planning. Flexible learning options to help you streamline the collection, consolidation, and reporting of financial results. This statement can be used to better understand the organization's overall financial performance. Oracle Hyperion Enterprise Performance Management, Infographic: Applications Unlimited (PDF), Datasheet: Applications Unlimited and Premier Support (PDF). The integration provides the ability to include more granular detail needed for statutory reporting such as investment details (coupon rate, instrument, maturity date, etc). Powerful financial modeling, planning, and analytics software fit for any industry. Being able to get a real-time view of reports and analytics across all your companies will let you know who is meeting goals and expectations set forth by upper management. You and your team members can benefit from multiple training topic areas within the comprehensive online Hyperion and Essbase tutorials. Book a demo today, and we will show you how Farseer can level up your finance game. This was slowing down the period-end close and consolidation process as users had to re-enter data and adjustments. Eliminate the use of spreadsheets and move to more advanced, best-in-class integrated enterprise planning solutions from Jedox. Financial consolidation is the process of combining an organization's financial data from multiple sources and generating a consolidated financial statement. Even in the not for profit sector understanding and managing the key sources of revenue is vital to forming the financial plan. The software automates many of the time consuming and error-prone tasks associated with using spreadsheets and generates more accurate, driver-based business budgets and financial forecasts. For Finance, Prophix provides solutions for automating repetitive budgeting tasks and business processes. Increase consolidation accuracy by using standard or customizable currency translations. ORYX Plan can be controlled from a single environment and activities and business logic can be managed and updated by regular team members. hbspt.cta._relativeUrls=true;hbspt.cta.load(8159624, '1ecb3101-202f-495b-8ec1-35c034cba579', {"useNewLoader":"true","region":"na1"}); Cube offers multiple pricing tiers based on company and size, FP&A needs, and advanced capabilities. With automated financial statements and patented layering technology, Synario can give your finance team a full-field view of your financial future. @youtube The. This was a fundamental stage because at the start of the project . Oracle Corporation announced on March 1, 2007 it had agreed to purchase Hyperion Solutions Corporation for $3.3 billion in cash. By Nancy Ackerman, Consolidation Practice Lead, Inspirage In part one of our series, we covered the high-level differences between close and consolidation tools in Hyperion Enterprise, Hyperion Financial Management (HFM), and Oracle Fusion Cloud EPM.Let's take a closer look at the differences in functionality. ". It's used for financial planning, budgeting and reporting. As close cycles become ever shorter and regulatory requirements become more demanding, IDL Konsis helps eliminate time-consuming manual processes for finance and accounting so you can experience a short, optimized close by implementing fully compliant, standardized consolidations that cover all requirements for group reporting. 7.1 out of 10 Best alternatives for: Small Businesses Medium-sized Companies Enterprises Most Commonly Compared to Oracle Hyperion SAP BPC (Business Planning and Consolidation) Oracle Cloud EPM Compare SAP ERP Compare Microsoft Power BI Compare Workday Adaptive Planning Compare SAP Analytics Cloud Compare OneStream Compare Anaplan NetSuite ERP Do you use Oracle Hyperion Financial Management? Cube enables FP&A to continue working as always while boosting efficiency and effectiveness through more intelligent and straightforward planning, analysis, and reporting. In consolidation software, this helps makes finances comparable across a variety of boundaries, borders, and geographical locations. Cloud and on-premise reporting, budgeting and forecasting. Four Future Financial Industry Trends to Expect in Oracle EPM Clouds Enterprise PCM: More than an Inspirage Kscope22 Guide: What to Know Before You Do Not Sell My Personal Information (for CA). Integrates into existing systems a single window into your financial world. These are the top 10 FP&A software providers, with their key features, benefits, pricing, and more details. CCH Tagetik is an innovative software solution for corporate performance management that unifies all of your finance organizations processes. For example, Intacct offers out-of-the-box functionality, from comprehensive fund accounting to healthcare financial management. Intuitive built-in modeling capabilities handle everything from workforce planning to expense detail, revenue recognition, and capital assets. When it comes to international organizations, larger companies who deal with more complex multi-currency financial consolidations can take comfort knowing that currency can be automatically converted and translated into the appropriate formats upon receipt. Projects future business performance with financial, sales, and performance forecasts and scenario plans. Manage the close by automatically tracking key metrics across the organization. Hyperion Financial Management (HFM) was the next generation financial consolidation and reporting tool to penetrate the field. Hyperion Solutions Corporation was acquired by Oracle Corporation in 2007. Besides the traditional PC access, information contained in Oracle Hyperion Financial Management can be accessed through mobile devices such as tablets and phones providing any time access to critical close data from workflow to reporting and analysis. Oracle Hyperion allows us to automate and consolidate financial data that used to be performed manually in spreadsheets. Adaptability has never been more important. Financial consolidation software gives an organization the ability to use their preferred type of accounting systems without being limited to options that can handle multi-entity records. - Automate consolidation hbspt.cta._relativeUrls=true;hbspt.cta.load(8159624, '34f7fa43-4ac9-4c25-9e50-a1e6b9b483d7', {"useNewLoader":"true","region":"na1"}); Get out of the weeds and into the strategy with Cube's Spreadsheet-Native FP&A solution. The module provides an efficient way to identify, reconcile and report on intercompany account differences at a transaction, or invoice level. Our workflow manager allows you to create complex tasks and attach templates to the task so completion and approval can be managed without any manual hassle. ::: alert This product is only available for current users of SAP solutions, SoftLedger is a cloud-based accounting and reporting platform thats fast to implement, easy to learn, and adapts to your organization. Phase I was to go live with financial consolidation and management reporting. These solutions work best in a cloud-based environment, where all facets of the company can access the solution from any of their locations, and record financial data for their location only. The Best Financial Consolidation Software - 2022 Review This affords you the advantages of managing multiple entities in real time on a single platform without the cost of the IT infrastructure to link the multiple entities. Compare features, ratings, user reviews, pricing, and more from Oracle Hyperion competitors and alternatives in order to make an informed decision for your business. The benefit of doing so is to ensure you have a more structured and streamlined way of creating balance sheets, income statements, and cash flow statements that combine data from multiple sources. Financial Management utilizes today's most advanced technology, yet is built to be owned and maintained by . With the help of Inlumi, OneStream was implemented in a multi-phase project over an 18-month timeframe. Oracle extended support for most Hyperion products (v11.1.2.x) to 2018. Looking for your community feed? Coupled with complete customizability, Synario can create all types of financial models with ease. Specialized Oracle Support tools and resources at your fingertips. Oracle Hyperion Financial Management uses the most current technology and is designed to be owned by the finance department. Conquer the complexity of financial close, consolidation, planning, reporting and analysis. High level of security. The Oracle Certified Master (OCM) credential recognizes the highest level of demonstrated skills, knowledge and proven abilities. Maximize and expand your existing Hyperion investment with a product roadmap and support that allow time for future planning. A financial consolidation and reporting software for mid-sized and large organizations. The financial consolidation software platform has a user-friendly interface with a consolidation process for all reporting frameworks. Provides detailed financial performance analysis and decision guidance to the business, executives, the board of directors, and others. Design and configure your financial consolidation and close workflows to support your business needs, without the help of IT. Talk to a team member. Financial consolidation and reporting is a time-consuming process that gets more and more difficult as a company grows. OneStream supports corporate standards while also satisfying more detailed line of business planning and reporting requirements, all in a single, unified application. Periodic financial close and consolidations, Oracle Enterprise Planning and Budgeting Cloud Service. Financial managers move from the role of scorekeeper to one of business partnerdelivering financial and non-financial analysis that supports strategic and operational management decisions. Automating these time-consuming manual processes paves the way for finance teams to spend more time analyzing data and less time gathering it. Cubes simple and intuitive experience makes it an excellent choice for modern, progressive Finance leaders at companies of all sizes that want to accelerate their FP&A and keep using the spreadsheets they know and love. Companies want quick results and financial consolidation software will quickly automate any reclassifications necessary. Prices are not listed on their website.