6 Tips for Making Hyperion Financial Management Consolidation a Breeze

Posted by Deborah Jelley

May 10, 2017 11:07:08 AM

Does it take forever to get through the monthly and quarterly close?  Do you have to twiddle with the reports each time to get them ready for review? Does it make you wish you had a different job? If you answered "yes" to any of these questions, you are not alone. We've talked with hundreds of finance organizations who consistently struggle with Hyperion Financial Management (HFM) and their month end close processes. We've also helped hundreds of finance organizations improve the functions of consolidation and close, budgeting and planning, and financial analytics.

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Topics: Consolidation and Close, Financial Reporting, Hyperion Financial Management (HFM)

Consolidating and Closing in the Cloud – Is it right for you?

Posted by Michele Morrill

May 24, 2016 12:31:41 PM

If you’re not bogged down by the month-end close, by now you must have heard the buzz about Oracle EPM Cloud. Oracle has been hyping their cloud products for quite some time now, the first EPM related cloud product, Oracle PBCS (Planning & Budgeting Cloud Service), was introduced in 2014. Now in 2016, other Oracle Cloud EPM products are starting to pick

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Topics: Consolidation and Close, Financial Reporting, Cloud Hosting, Hyperion Financial Management (HFM), Oracle FCCS, 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

5 More Reasons to Move Oracle HFM to Our Managed Hosting Service

Posted by Michele Morrill

Sep 15, 2015 10:00:00 AM

Not to be confused with a generic cloud hosting service or even a SaaS solution, Strafford offers a private fully managed cloud hosting service that provides IT Departments confidence in its security while providing the Finance Department a completely supported turnkey application.

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Topics: EPM Support, Cloud Hosting, Hyperion Financial Management (HFM), Cloud EPM, Managed Services, Managed Application Services (MAH), Oracle Products

5 Reasons to Move Oracle HFM to Strafford's Private EPM Cloud

Posted by Michele Morrill

Sep 14, 2015 3:03:27 PM

Consolidation and Financial Reporting on Strafford's Private Cloud

Hyperion Financial Management (HFM) is Oracle's best-of-breed financial consolidation and reporting application. Oracle HFM provides finance managers the ability to quickly consolidate and report financial results, meet global regulatory requirements, reduce the cost of compliance, and deliver confidence in the numbers.

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Topics: EPM Support, Cloud Hosting, Hyperion Financial Management (HFM), Cloud EPM

Oracle HFM Journal functionality in Smart View

Posted by Michele Morrill

Sep 4, 2015 9:36:31 AM

Oracle released Smart View 11.1.2.5.500 in August and within this new version are several enhancements including the ability to work with Journals in Smart View. Users who already use Excel for “everything” now have one more thing to add to the list. What’s next? Will Smart View get our morning coffee? Not quite, but journals in Smart View is the next best thing (at least for the Accounting department!)

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Topics: Hyperion Financial Management (HFM)

Strafford Offers HFM Test Drive on AWS Cloud

Posted by Michele Morrill

Sep 3, 2015 3:32:41 PM

Explore the benefits of Oracle Hyperion Financial Management on the Amazon Web Services cloud.

Strafford's AWS Test Drive for Hyperion Financial Management (HFM) provides free access to the latest version of this best-of-breed financial consolidation and reporting application from Oracle. With the full functionality of the on-premise version, you can explore all areas of HFM including entering data, consolidating financials, and creating and posting journal entries. Financial data will be accessed through the web-based application and is accessible via a remote desktop connection.

The benefit of our test drive is that it allows users to build their own cluster of servers quickly (19 minutes for Hyperion Financial Management), and then simply login and explore the application with our custom-built lab. The HFM Test Drive, which is provided free of charge for demonstration, education and evaluation purposes, enables drivers to quickly and easily explore the benefits of using HFM on the cloud. It includes enough AWS server time to complete the Test Drive, and you can return any time to experiment and explore.

Register for Strafford's HFM test drive on the AWS cloud by clicking here:

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Topics: Hyperion Financial Management (HFM), Oracle Products

Closing Your Books in the Cloud Using Oracle HFM

Posted by Deborah Jelley

Feb 19, 2015 1:13:00 PM

Hosting Oracle HFM In The Cloud

You have concerns about moving your consolidation and close process to the cloud. You want to understand the pros and the cons. You want to know if using Hyperion Financial Management (HFM) in the cloud is cost-effective, efficient and adaptable to your environment.

You are not alone.

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Topics: EPM Support, Cloud Hosting, Hyperion Financial Management (HFM), Cloud EPM

Oracle Hyperion Financial Management in the Cloud Currency Conversion Feature

Posted by Deborah Jelley

Jan 23, 2015 8:41:00 AM

Could you do it in the Cloud? Would you, could you do it in your office? (with apologies to Dr. Seuss…)

Why would you want to perform a direct currency conversion on Oracle's Hyperion Financial Management (HFM) in the Cloud? Maybe it’s important to be able to look at data that comes in from your subsidiaries and translate it immediately to see if the currency fluctuation is material. Well, consider this: you may have your physical HFM application set to always translate your actual data and populate canned reporting on an overnight or perhaps even a continuous basis during your closing cycles. That’s fine for your final reports, but what about translating data on the fly? 

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Topics: EPM Support, Cloud Hosting, Hyperion Financial Management (HFM)

Upgrade Oracle Hyperion Financial Management (HFM) to the Cloud

Posted by Michele Morrill

Jan 12, 2015 9:51:00 AM

You currently have a physical instance of Oracle Hyperion Financial Management (HFM) and you want to upgrade and possibly move your environment to the cloud. Firstly, do a little research and determine if moving to the cloud is right for your business - we offer a cloud readiness assessment. After some research, you may decide moving to the cloud is a great option for you and your company. If so, Strafford provides an HFM environment

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Topics: Consolidation and Close, Cloud Hosting, Hyperion Financial Management (HFM), Finance Best Practices, Managed Application Services (MAH), Oracle Products