EPM Makes ERP Better

Posted by Steve Berry

Dec 6, 2018 12:21:32 PM

EPM should drive ERP because: a) EPM is much faster to implement, and b) because EPM lets you know what you don’t know so you can implement ERP correctly.

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Topics: Cloud EPM, Cloud ERP, Enterprise Resource Planning (ERP), Enterprise Performance Management (EPM)

Cloud ERP. Cloud EPM. What's the Difference?

Posted by Jamie Carpentier

Jan 24, 2017 9:05:21 AM

Here’s a quick take on Oracle's Cloud ERP and Cloud EPM, and how they work together to help improve your company performance and profitability.

ERP Cloud is an enterprise applications platform that enables the rapid deployment of streamlined transaction-based business processes across enterprises of all sizes.
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Topics: Cloud Hosting, Cloud EPM, Cloud ERP, Enterprise Resource Planning (ERP), Enterprise Performance Management (EPM)

Top 8 Reasons to Consider Cloud Enterprise Resource Planning (ERP)

Posted by Jamie Carpentier

Jan 11, 2017 11:05:42 AM

Here is what you should know about Cloud ERP:

  1. Organizational Efficiency – You have lots of different software for different processes. The legacy systems you are using as a “system of record” don’t have the same data structure, so the data doesn’t easily work together. Cloud ERP integrates these systems so that every business function references the same consistent data model. That means a single, unified systems platform to execute business processes against to train on, and to efficiently leverage throughout the business.
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Topics: Cloud Hosting, Cloud ERP, Enterprise Resource Planning (ERP), Oracle Products

Who is monitoring your Hyperion application or system files?

Posted by Robert Woulfe

Mar 16, 2016 11:38:59 AM

How many Hyperion Administrators proactively monitor their application or system log files? Based on our experience, very few. Considering the time constraints put on a typical Hyperion Administrator, this is not surprising. We certainly understand the time and workload crunch these administrators are dealing with, but we’ve also found that the old Ben Franklin adage applies here: An ounce of prevention is worth a pound of cure. Learning to understand the logs is worth the investment of time and will pay dividends down the road.

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Topics: Cloud Hosting, Cloud ERP, Oracle Products

Do you have Hyperion specific backups being completed and tested regularly?

Posted by Steve Berry

Mar 14, 2016 8:28:05 AM

I cannot tell you how many times our client’s IT department believe that they are backing up their Oracle Hyperion environment and, in actuality, are not. We have been called into several new clients where an application issue has required a restore of their environment only to find that Hyperion was not being properly backed up.

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Topics: Backup and Recovery, Cloud ERP, Oracle Products

Strafford Insight: Next Generation Financial Reporting

Posted by Michele Morrill

Dec 3, 2015 11:04:15 AM

Is it possible to create a more effective financially intelligent organization?

Strafford Insight provides managers and executives access to a whole range of EPM information, functionality, and pre-built financial dashboards and reports.

A cost effective, finance-owned management reporting tool, it contains Balance Sheet, P&L statements and Cash Flow reports and Waterfall, Trend, Portfolio and Benchmark dashboards. All reports are based on Financial Reporting Best Practices and provide rich drill-down, analysis, alerts, KPI’s and rankings by entity, channel, customer, market, or any other dimension available in your EPM application.

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Topics: SAP Budgeting and Planning, Hyperion Financial Management (HFM), Hyperion Planning, Cloud EPM, Cloud ERP

Considering a Daily Time Dimension – Pros and Cons

Posted by Michele Morrill

Sep 25, 2015 2:28:17 PM

There are some business cases where a daily time dimension can be helpful, essential, or even required, but many clients shy away from a daily time dimension for a variety of reasons.  Regardless of the chart of accounts used or the planning, budgeting and forecasting required, a daily time dimension can add breadth to the information and promote more timely responsiveness under the right circumstances.

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Topics: Financial Reporting, SAP Budgeting and Planning, Cloud ERP

Hyperion Enterprise Security: Native vs Active Directory

Posted by Michele Morrill

Nov 6, 2014 9:12:40 AM

Regardless of your industry or size, enterprise security is an important concern for any business running an enterprise software solutions. Oracle Hyperion Enterprise has always had security built into its infrastructure—but did you know there’s more than one option?

If you’ve been using the native (built-in) security function until now, you can benefit from taking a closer look. Although the native security is useful, it requires the administrator to manually manage it within enterprise. Your data is protected, but your time is not, so it can be inefficient and tedious for Hyperion admins to add users, update settings, and reset passwords.

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Topics: Cloud Hosting, Hyperion Enterprise, Cloud ERP

Should Rolling Forecasts be Part of Your Finance Process?

Posted by Deborah Jelley

Sep 30, 2014 10:00:00 AM

rolling_forecast

What is a rolling forecast and why would you go to the trouble of changing your budgeting and forecasting model to accommodate one?

Rolling forecasts...

  • Provide management with a 12- to 24-month outlook from the current period
  • Emphasize key business metrics and are produced fairly rapidly
  • Extend beyond calendar or fiscal periods and are typically updated with blended actuals data
  • Are prepared on a regular basis at pre-determined times and are not usually tied to budgeted performance metrics
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Topics: Budgeting and Forecasting, Business Intelligence, Cloud ERP, Finance Best Practices

Value of a EPM Checkup a Year After Your System Goes Live

Posted by Deborah Jelley

Sep 3, 2014 9:00:00 AM

A Year Later…

So it’s a year after your new EPM (Enterprise Performance Management) system went live. You are preparing for the budget season and are wondering if your new system might need a little tune up. As with a new car where an oil change is recommended at 3,000-5,000 miles, it may be time to perform a checkup and make sure your EPM system is running as efficiently and effectively as possible. 

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Topics: Consolidation and Close, Budgeting and Forecasting, Financial Reporting, Cloud ERP, Enterprise Performance Management (EPM)