Oracle extends Hyperion for more financial duties

The company releases new modules for its business intelligence software

Oracle has augmented the capabilities of its Hyperion financial analytics software with new modules to help bean counters streamline specific financial management tasks.

The new modules -- Hyperion Disclosure Management, Hyperion Financial Close Management and Hyperion Public Sector Planning and Budgeting -- are all components in the latest update of the Oracle Enterprise Performance Management (EPM) suite of business intelligence tools, version 11.1.2, Oracle said on Wednesday.

The modules will be available this month, said Hari Sankar, Oracle's vice president of EPM product management. They can each be run in conjunction with Hyperion or deployed directly with enterprise-resource-planning general ledger systems.

Organizations would use the financial close module to speed the process of closing financial books during the end of a financial reporting cycle. "In a large company, this process gets complicated and touches many systems," Sankar said.

The module gives financial personnel a checklist of tasks that need to be completed, along with the status of the work being done. The module "streamlines financial consolidation. You move away from e-mail tracking and to a set of dashboards and reports," Sankar said.

The disclosure management module prepares documents that can be filed to the U.S. Securities and Exchange Commission. The software prepares these documents in the Extensible Business Reporting Language format, as per SEC regulations.

"This [module] helps system users in finance do the XBRL mapping and tagging," he said. He noted that today, much of this conversion is done in spreadsheets by hand, or outsourced.

The public sector module addresses the specific accounting requirements of that industry vertical, whose accounting rules differ from those of the private sector. This software should help such organizations with such tasks as budget planning and forecasting.

In addition to releasing the new modules, Oracle said it has made a number of improvements to the other EPM applications. For example, the Hyperion Planning application has an improved workflow engine and the ability to let users access many of the planning features directly from within Microsoft Office, eliminating the need for these personnel to learn how to use the Hyperion application itself.

"This will allow more people to get into the planning process itself," Sankar said.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags Oraclebusiness intelligencefinancials

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Joab Jackson

IDG News Service
Show Comments

Cool Tech

SanDisk MicroSDXC™ for Nintendo® Switch™

Learn more >

Breitling Superocean Heritage Chronographe 44

Learn more >

Toys for Boys

Family Friendly

Panasonic 4K UHD Blu-Ray Player and Full HD Recorder with Netflix - UBT1GL-K

Learn more >

Stocking Stuffer

Razer DeathAdder Expert Ergonomic Gaming Mouse

Learn more >

Christmas Gift Guide

Click for more ›

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?