It enables financial stakeholders to quickly complete and publish financial outcomes, comply with worldwide regulatory standards, decrease compliance costs, and instill trust in the statistics. Many consolidation software options will claim to be both GAAP and IFRS compliant. 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. The corporate performance management solution gives insights and guidance to everyone in your company whether they are in the finance department, sales, or human resources. But there's a lot of FP&A software out there. Bring together text, charts, tables and financial statements in one simple-to-use editor. eCons Direct- A Financial consolidation software that is a wholly managed, highly customizable set of financial services that will help you to meet your Financial Consolidation needs. Oracle Hyperion Planning, an agile planning solution that supports enterprise-wide planning, budgeting, and forecasting, provides a robust modeling framework to help businesses develop reliable financial forecasts and produce cost-effective enterprise alignment. It is important to note that with the Cloud Suite, companies no longer have to manage the software and servers as Oracle manages both. In these scenarios, a financial consolidation software becomes a way for management to centralize the financial records from all locations and create consolidated reports. 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 Synario contains the best financial modeling tools to analyze even the most complex strategic or financial scenarios. Unit4 Financial Planning & Analysis makes it faster and easier for your people to understand what really matters and apply that knowledge to turn your organizations plans and ideas into action. For Finance, Planful highlights use cases for managing cash flow, workforce reporting, financial reporting, annual operating planning, monthly close and consolidation, and multi-dimensional analysis. NetSuite Planning and Budgeting is best for large companies and enterprises in limited industries with NetSuite solutions already deployed in other areas of their business. Oracle's Hyperion Financial Management is a web-based Financial Consolidation , reporting and analysis tool. Consolidation software will make it easy to bring in the financial data of each location and create comparative trial balances, receivables/payable reports, or balance sheets. 01 Streamline Financial Close and Consolidation Automate data loading, reconciliation and reporting. Compare features, ratings, user reviews, pricing, and more from Oracle Hyperion competitors and alternatives in order to make an informed decision for your business. [10][11] smarter, more informed software selection decisions! This module of the Oracle EPM Cloud Suite also easily integrates with the other modules included in the suite such as Planning and Budgeting, Account Reconciliations and Narrative Reporting. Your finance systems should be, too. Anaplan lets you mobilize complex scenario planning to the smallest detail, intelligently forecast the biggest picture, and empower teams to make decisions faster. View past, pending, and future renewals. With purpose-built features, Oracle Hyperion Financial Management is the cornerstone of sustainable compliance frameworks and helps businesses comply with the many different and stringent regulatory reporting regulations. Eliminate barriers to efficient consolidation. Drive agile, connected plansfrom scenario modeling and long-range planning to budgeting and line of business planningthat are built on best practices and advanced technologies. By eliminating technical complexity through simple but powerful user interfaces, the Oracle Hyperion Financial Data Quality Management Enterprise Edition application shifts data management responsibility from the IT department to the finance team. 02 Increase Confidence in Financial Results Accountants in the US will use the guidelines set forth by GAAP in their financial reporting. This is a key factor in realizing a successful financial close because the complexity of data relationships requires deep accounting and finance expertise. This site is protected by hCaptcha and its, Looking for your community feed? by writing a review, and help other organizations like yours make Customers can also extend the information included in Oracle Hyperion Financial Management through the tight integration with Supplemental Detail Manager (part of Oracle Financial Close Management). My Oracle Support Community is here to help you get the most out of Hyperion and My Oracle Support. Whether you are a small-medium or large organization your business can no longer operate without cash. Automate aggregations, allocations, and other manual processes to speed up planning cycles, while running what-if scenarios to identify quick course corrections. Essential capabilities for small finance teams looking to improve speed, accuracy, and scalability. Cloud Customer Connect is Oracle's premier online cloud community. Reach out to us to see how Synario could benefit your unique organization. It is also important to consider that this support will end in 2030 and because this is an on-premise tool, your team will need to manage the servers and any and all patching requirements. Oracle Enterprise Performance Management (EPM) helps you model and plan across finance, HR, supply chain, and sales to drive better decisions while supporting a broad range of strategic, financial, and operational management processes. SAP Financial Consolidation is a way to streamline compliance and meet management/global regulatory requirements when it comes to reporting your financial close. 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. The consolidated big four "megavendors", which include Oracle Hyperion as well as, The independent "pure-play" vendors, the largest being, Business Application Research Center (BARC)'s The BI Survey and The BI Verdict (formerly The OLAP Report), Hyperion Intelligence and SQR Production Reporting (products acquired in 2003 takeover of, Hyperion Enterprise Performance Management Architect, Hyperion Master Data Management/Oracle Data Relationship Management, Hyperion Profitability and Cost Management, Hyperion System 9 BI+ (a combination of Interactive Reporting, SQR, Web Analysis, Financial Reporting, EPM Workspace and SmartView), Hyperion Financial Data Quality Management (also referred to as FDMEE, for Enterprise Edition), Enterprise Performance Reporting Cloud Service, This page was last edited on 9 December 2022, at 00:00. 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. CCH Tagetik is an innovative software solution for corporate performance management that unifies all of your finance organizations processes. IBM Planning Analytics, powered by IBM TM1, is an integrated planning solution designed to promote collaboration across the organization and help keep pace with the speed of modern business. These help drill-down to a specific location or department, or upwards to look at the financial performance of your organization as a whole. ". Spreadsheet-like interface. From Financial Modeling to Cash Management in a Single, Flexible Platform - Uniquely Powerful Software for Financial Pros With Vena Solutions, enterprises can liberate their teams from painstaking manual budgeting processes, predict short-term and long-term revenue performance, gain and deliver insightful analysis for better decisions, and prepare regulatory reports with ease. Advanced capabilities for large, pre-IPO, and public companies needing enterprise-grade features for best-in-class performance. Scale up, spin off, adopt new business models, NetSuites flexibility lets you do it all, quickly and easily. Prices are not listed on their website. By minimizing the need to enter, check, and double-check actual results, the finance team can spend more time on forward-looking activities. - Work more effectively and flexibly with our collaboration tools and apps Whatever your business size or nature you will need to produce financial planning and analysis for. A business may have two similar businesses operating at different locations, and needs to figure out which is performing better financially. Their solution covers structured and dynamic planning, consolidation, and reporting. Vena focuses on helping companies support overall growth, and refers to its platform as a growth engine. Receive ongoing new features and a transparent roadmap. September 2020 Pricing for Oracle Essbasestarts at $2,900 per named user, plus $630 for updates and support, plus $138,000 for a processor license, plus $30,360 for processor license and support. To achieve those ends, FP&A does the . Longview Close automates your consolidation and data validation to accelerate the close cycle. Prices are not listed on their website. Board is a top-rated decision-making platform for organizations of any size. Our patented software works with QuickBooks, Xero, MYOB and Excel to provide you with insightful reporting and game-changing analysis. If this is your current close and consolidation tool, you should definitely be moving to a supported tool. They also offer cloud or on-premise solution options. But where to go? Local currencies are brought across, as well as your reporting currency. PlaceCPM syncs your accounting data (Xero + Quickbooks) into Salesforce and unifies it to empower quick, accurate financial forecasting, cash projections, budgeting, modeling, consolidations, visual reports, and more all with intuitive collaboration. The solution aims to help enterprises streamline FP&A and financial close processes and will let a business automate, OneStream is a corporate performance management software aimed to help enterprises simplify their financial consolidation, planning, reporting, analysis, and data quality. Hyperion Financial Management - Version 11.1.2.4.204 and later Information in this document applies to any platform. 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). HFM is an on-premise tool that allows for maximum flexibility when configuring the application. What is Hyperion Financial Management? Have newly entered figures integrated with your model instantly after someone makes an entry. So if you're looking for some FP&A software, you'll love this guide. We suggest you try the following to help find what youre looking for: Close your books faster with more accuracy and flexibility. Alerts and notifications can be custom designed to keep users updated. Works across the business to collect, aggregate, understand, and analyze financial data. Many of its products were targeted at the Business Intelligence (BI) and Enterprise Performance Management (EPM) markets and, as of 2013, were developed and sold as Oracle Hyperion products. For example, a business with 5 locations across the country may use 5 completely different types of accounting software. A software system designed by Vena Solutions. Its best used in conjunction with ERP systems other business management systems as part of a greater corporate strategy. Nancy is the Consolidation Practice Lead for Inspirage. These are the top 10 FP&A software providers, with their key features, benefits, pricing, and more details. The packaged functionality of Oracle Hyperion Financial Management reduces customization requirements so it can be deployed easily and delivers benefit quickly. Cloud and on-premise reporting, budgeting and forecasting. 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. For many groups the financial consolidation process is traditionally done at year. Oracle Essbase is ideal for very large enterprises with deep IT resources that already have a robust FP&A solution in place, have analysis teams seeking targeted analytics and modeling tools, and are already invested in Oracle back-office solutions. Simplify oceans of data by unifying data sources into one single repository and empowering users to build sophisticated, multidimensional models that drive more reliable forecasts. No matter what consolidation transaction you need to record, you can do it. Now the platform has driven the current release of industry-leading cloud analytics, Oracle Analytics. Use synonyms for the keyword you typed, for example, try "application" instead of "software. by writing a review. What is zero-based budgeting (ZBB)? that helps develop reliable financial forecasts based on sales and operational assumptions to produce cost-effective enterprise alignment. Oracle Hyperion Financial Management is an integrated part of the Oracle Hyperion Financial Close Suite which takes organizations to new levels of efficiency and automation. Eliminate the use of spreadsheets and move to more advanced, best-in-class integrated enterprise planning solutions from Jedox. The pyramid to the left illustrates this, and show where Tensoft MNC provides the most benefit. XERAS provides a rigorous yet flexible strategic modelling environment designed specifically for the mining industry. Work with real-time data and insights from the outermost edges of your enterprise. For Finance, Oracle Hyperion Planning allows you to align financial plans, models, and forecasts across cost centers and lines of business for faster decision-making. PlaceCPM unlocks the flexibility and speed finance teams require to produce the variety of financial forecasts needed to manage and grow the business. Oracle Essbasegives organizations the power to rapidly generate insights from multidimensional data sets using what-if analysis and data visualization tools. Symptoms. Financial consolidation and reporting is a time-consuming process that gets more and more difficult as a company grows. Looking for your community feed? FP&A software helps CFOs, finance leaders, and Financial Planning and Analysis (FP&A) professionals ensure their organization's financial health. What is Financial Consolidation Software. If you choose to stay on-premise, you will need to purchase each of the modules separately. And Konsolidator is proof. Spend your precious time understanding your business and taking action. Oracle Help Center provides detailed information about our products and services with targeted solutions, getting started guides, and content for advanced use cases. 2023 Slashdot Media. ), it also comes with some significant flaws that create big problems and inefficiencies at scale (highly manual, stale data, not easy to share and collaborate, few controls, etc.). Planning customer successes A large and growing community of companies is improving project performance across organizations with connected, intelligent project management. They also promise a deployment that lasts just days, not months, and which can be done without consultants. This was slowing down the period-end close and consolidation process as users had to re-enter data and adjustments. FinAlyzer, a unified digital platform for financial consolidation, financial close, analytics, and management reporting, acts as a catalyst for CFO reporting in multi-entity organizations, covering integrated group reporting, legal reporting, management consolidation & segment-wise profitability reporting. NetSuite Planning and Budgeting enables organizations of all sizes to quickly adopt a world-class planning and budgeting application offering market-leading functionality across lines of businesses. Automatically sync ERP data via Farseer API and instantly get the latest data in your model. These solutions provide the benefit of being able to store information on dozens, hundreds, and sometimes thousands of entities. No IT management or programming expertise is needed. What is FP&A? TM1 combines the freedom, flexibility and familiarity of spreadsheets with the power and control of an enterprise database. Designed to consolidate information from multiple, disparate sources, Oracle Hyperion Financial Management works with existing Oracle and non-Oracle transaction systems, data warehouses, and other sources. The Financial Reporting module aims to enhance visibility and provide full access to constantly updated, accurate data. Provide transparency and audit compliance for tasks like journal adjustments with enforced segregation of duties, data changes, visible calculations, and user activity logging. Tensoft MNC takes the information from these subsidiary companies, translates it, and then moves it into a consolidated Dynamics GP Company. This scalable and easy to use application has no hardware requirements and Oracle addresses all patching needs as they arise. Impact is immediate. - Access real-time, powerful reports and KPIs Anaplan is good for large enterprise customers with a strong IT team ready to lead an enterprise-scale transformation initiative. FCC is the best-in-class cloud consolidation tool. Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences, and should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Prophix enables the creation of detailed and fully customizable audit reports when needed, simplifying and expediting internal or external audit processes and significantly decreasing the cost and resources spent on audits. In the meantime, the IT department is relieved of supporting intricate interfaces more easily maintained by the finance community. PROPHIX helps you go beyond the limitations of spreadsheets and provides an end-to-end offering including products, professional services, education, and technical support. No IT. Our financial planning and analysis solution automates all of your planning activities, which frees up time and resources. Quick Consols is a financial reporting tool aimed specifically at complex companies and groups that need to prepare monthly and annual consolidated accounts. Preparing accurate consolidated financial statements across a group of companies can be difficult. A budgeting, planning & forecasting application designed by PROPHIX Software. According to research by Aberdeen, best-in-class companies are more likely to use a complete, integrated enterprise performance management (EPM) solution. Gain efficiencies with advanced technologies that automate consolidations in the background, eliminating manual efforts. With every NetSuite upgrade, your configurations and customization migrate seamlessly. End users can enter comments and reason codes to help in the resolution process. Oracle Hyperion Planningis a centralized planning, budgeting, and forecasting solution that integrates financial and operational planning processes and improves business predictability. The solution will help you meet accounting standards such as IFRS and GAAP. With more than 200,000 members, it's designed to promote peer-to-peer collaboration and sharing of best practices, product updates, and feedback. Access easy-to-use management, financial, and sales reporting softwareall in the cloud. Rephop remembers all business combination or asset sales transactions you have recorded in consolidation. SoftLedger is fast to implement, easy to. No reviews have been submitted. - Get superb analytics through our multi-level coding capability 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. Hyperion Financial Management, See how this solution delivers global financial consolidation, reporting & analysis to reduce closing cycles by days. Base decisions on what-if analyses and scenario planning for better outcomes. Implementing the module does not require changes to underlying transaction systems, so organizations can save further on integration costs and efforts. If youre part of a small but growing FP&A team, and dont have a huge team of IT and project management resources to spare, Cube is the better choice over Anaplan. Business users can implement FP&A and CPM processes exactly to their needs, natively integrated with your day to day productivity solutions. Oracle Enterprise Planning and Budgeting Cloud Service (PBCS) empowers operational planners with the flexibility, scalability, and ownership to plan the way they want, while still offering the transparency and control required for corporate finance. Deliver stunning, instantly updated management reports with the Microsoft Office Suite and OfficeConnect. The SAP Business Planning and Consolidation (SAP BPC) application delivers planning, budgeting, forecasting, and financial consolidation capabilities, so you can easily adjust plans and forecasts, speed up budget and closing cycles, and ensure compliance with financial reporting standards. High level of security. Get a faster close, more forward looking-planning and in-depth analytics by connecting data, processes and people with a single trusted source. Automating these time-consuming manual processes paves the way for finance teams to spend more time analyzing data and less time gathering it. The report provides an overview of trends in the market and customer satisfaction data covering financial, operational, and strategic performance management. Global Financial Consolidation, Reporting and Analysis Oracle Hyperion Financial Management (HFM) is a comprehensive, web-based application that delivers global financial consolidation, reporting and analysis in a single, highly-scalable software solution. There are additional capabilities to customize if needed. The automation offered from financial consolidation software will help you shorten your month-end closing time by eliminating manually processes or workarounds from using spreadsheets like Excel. 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. Easily create the most important financial statements, and see them automatically updated directly in your Dashboard. These unified accounting databases improve cash flow and can set up capabilities such as centralized AP and AR. Unlike solutions that depend on particular transaction systems or all-in-one applications that focus unsuccessfully on many different business processes, Oracle Hyperion Financial Management provides enterprise-class functionality and depth in consolidation and reporting. Users know what they should be doing and how theyre helping the business, with vital business data displayed from right within the system. All backed with the experience and expertise of our team. Mobilize complex scenario planning to the smallest detail, intelligently forecast the biggest picture, and empower teams to make decisions faster. For example, Intacct offers out-of-the-box functionality, from comprehensive fund accounting to healthcare financial management. Spend more time growing your business and less time closing the books by streamlining planning and achieving a faster, more accurate close. It's great for reporting purposes. TCM enterprise performance management solutions have been designed so that they are completely scalable and can be customized to meet your needs. The Oracle Certified Master certification validates a candidate's abilities through passing rigorous performance-based exams. Were sorry. Oracle Enterprise Performance Management (EPM) helps you model and plan across finance, HR, supply chain, and sales to drive better decisions while supporting a broad range of strategic, financial, and operational management processes.

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