Upgrade Oracle Hyperion Financial Management (HFM) to the Cloud

Posted by Michele Morrill

Jan 12, 2015 9:51:00 AM

Oracle Hyperion Financial Management

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 hosted in a private cloud - a private EPM Cloud.

Some of the benefits of working with Strafford to migrate and upgrade your HFM applications include:

  • Management of the underlying Oracle/SQL environment, including upgrades of the physical Hyperion environment, plus data back-ups and restores
  • Application and system upgrades are scheduled around your calendar
  • Regular application artifact back-ups and restore whenever (of if) you need them
  • Access to our group of skilled application consultants and technicians to help you troubleshoot issues as they arise

What to keep in mind if or when you decide to migrate and upgrade your Hyperion Financial Management (HFM) Application to the cloud:

  • What version of HFM are you running?

    If it is classic Hyperion HFM and there are no task-flows, you can easily upgrade from HFM version 3.5.1 and any other version to 11.1.2.3 using the 11.1.2.3 Copy App utility and upgrade utilities.

  • Do you have Oracle EPMA installed?

    If the HFM applications are Oracle EPMA then 11.1.1.4.500, 11.1.2.x can be migrated to 11.1.2.3 fairly easily (and are supported to be migrated). The EPMA dimension library may have to be tweaked by an application resource/consultant but otherwise it is pretty straight forward.

    HFM 11.1.1.2 and 11.1.1.3 Oracle EPMA applications should migrate but may require more rework

    If for some reason someone has EPMA prior to 11.1.1.2, we recommend rebuilding the Oracle EPMA portion and rebuilding the HFM environment from extracts.

  • Are you on a SQL platform?

    Many of our clients have experienced issues with their SQL tables during an upgrade from Oracle EPMA 11.1.1.2 to 11.1.2.2.30. The Copy App utility did not work due to an issue with their SQL tables. However, all was not lost, the upgrade had to be performed by recreating the application manually, exporting the artifacts (Data forms, Data grids, metadata, data) from the old system, and importing them into the new system.

  • Will you be able to migrate task-flows?

    No. Unfortunately, you will have to rebuild your task-flows after you upgrade. Rebuilding them shouldn’t take long, though. 

    Sound like too big a project to take on yourself? Contact us. We'd be happy to help migrate and update your Hyperion finance systems.

  • What about Hyperion Financial Data Quality Management (FDM)?

    If you are moving to version 11.1.2.3 and you have FDM already installed, then you should definitely consider migrating to the FDM successor: FDMEE. Features pf Oracle FDMEE include:

    In Release 11.1.2.3, FDMEE is offered as the full-featured successor to Oracle® Hyperion FDM, ERP Integration Adapter for Oracle Applications (ERP Integrator) and Oracle Hyperion Financial Data Quality Management (FDM). FDMEE represents the integration of both products. It captures key functionality from FDM, and preserves the ERP Integrator framework that enables users to load metadata and data, and to drill-through and write-back.

    From the EPM Workspace, you can access FDMEE from the Navigate menu. [Navigate > Administer > Data Management]

    Strafford has helped hundreds of companies migrate and upgrade their Oracle Hyperion applications, including Parkland Fuel who replaced their outdated, manual-intensive data loading and metadata management system with Oracle FDMEE.

  • How long will an upgrade take?

    It depends. If you have an older version of Oracle HFM (as noted above) assume at least 1 month including testing. Here's an example of the project scope:
    1. Perform the extracts from old HFM system, set up the new application in the cloud, import the artifacts and the data, and then rebuild the task-flows.
    2. Rebuild EPMA
    3. Update FDM to FDMEE
    4. Troubleshoot issues
    5. Test application in the cloud by running through a closing cycle – repeat a previous close, for example
    6. Set up security for your users in the cloud
    7. Perform limited user testing – allow a few users onto application for testing purposes
    8. Ensure application ties out to old HFM
    9. Sign off and open application to your regular users

    If you are on a more recent version of Hyperion, then assume 2–3 weeks including testing. Here's an example of the project scope:
    1. To set up new application in the cloud
    2. Run migration utilities
    3. Tweak EPMA dimension library as needed
    4. Update FDM to FDMEE
    5. Rebuild task-flows
    6. Troubleshoot any issues
    7. Test application in the cloud by running through a closing cycle – repeat a previous close, for example
    8. Set up security for your users in the cloud
    9. Perform limited user testing – allow a few users onto application for testing purposes
    10. Ensure application ties out to old HFM
    11. Sign off and open application to your regular users

Learn more about the Strafford Private EPM Cloud.

As an Oracle Platinum Partner, we deliver front-to-back finance solutions that speed consolidation and close cycles, provides data transparency across FP&A, and reduces your reliance on IT. Our breadth of skills has enabled us to provide consulting for small to medium sized operations as well as to larger Fortune 500 environments. With over a decade of experience guiding clients through strategic initiatives and supporting routine, day-to-day management, Strafford can help free up your IT resources and give finance more control over their own solutions.

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