12 Ways Oracle EPM's New Upgrade Boosts Organizational Performance

To share knowledge and innovations around its range of products. This year more than half of the topics covered were Hyperion-related, and the big news was the OracleEPM update. Version 11.1.2.2 gives you three new products and 200 additional features that save time and labor. Here’s what they can do for your organization:

1. Your system can work 100 times faster and see more performance detail. Exalytics is like an accelerator, giving you supercomputer velocity. So whatever function your EPM is providing at the moment, Exalytics will do it faster. And you gain quality with speed: Exalytics reflects more complex, granular scenarios with forecasting functionality. You will know how a decision will affect the business instead of guessing what if?
2. Plan at the speed of business. Oracle Crystal Ball Predictor is an analytics engine now part of the planning suite. So you can access and use data outside of the planning cycle according to business needs/timing.
3. Uncover historical patterns.  Crystal Ball also performs predictive modeling. It assesses data in your system and pulls out themes that aid strategic decision making. 
4. Connect dots from present performance to future goals. Version 11.1.2.2 provides greater connection between Hyperion’s tools, offering a more seamless user experience. You can pivot from data found in Hyperion Strategic Finance to data in Hyperion Planning without missing a beat.  
5. Plan projects the same way you manage financial planning. A new module, Project Financial Planning, gives you this functionality.
6. See what customers, products, geographies are profitable. The new Cost and Profitability Analytics module gives you a cross-section view of data, so that you can make granular decisions—down to the SKU number.
7. Close your books faster. Hyperion Financial Management has added configurable dimensionality and other functionality so that you can choose the categories by which you evaluate your business. You can plan and close your books by product, customer, geography, trusting the system’s automated method of matching numbers.
8. Set up sustainability reporting. In some geographies, like Europe, sustainability reporting is mandated. In others, it’s a good corporate social responsibility practice. Either way, the Sustainability Reporting Kit in Hyperion Financial Management produces required data with minimal effort.
9. Track steps in closing cycle. Financial Management Analytics allow you to see the process in action, so you don’t have to think about unfinished steps—or data that still needs to be processed.
10. Manage XBRL tagged submissions for compliance. Hyperion Disclosure Management saves time by allowing you to tag data within Microsoft Office or the EPM system.  
11. Automatic processing of hierarchies for management and financial reporting. The Data Relationship Manager allows you to track by product, customer, geography and time. This information may be used in a business context by management, or with more specificity for financial management. 
12. Pull data into presentations, written budgets and other documents. Smart View reaches into Hyperion applications and embeds data where you need it in your workday. It works in all Microsoft Office products; Imagine how much faster and easier preparing presentations will be!