Hyperion HFM

Hyperion HFM Consulting Service

Overview

Hyperion Financial Management (HFM) is a comprehensive, web-based financial consolidation and reporting application within Oracle's Enterprise Performance Management suite. Designed to streamline and automate the financial close process, HFM enables organizations to consolidate financial data from multiple subsidiaries and business units, ensuring accuracy, compliance, and timely reporting.

This consulting service focuses on the implementation, customization, and optimization of Hyperion HFM to help organizations improve consolidation speed, enhance data quality, and meet regulatory requirements efficiently.

Key Features

• Financial Consolidation: Automates the consolidation of financial data across multiple entities with support for currency translation, intercompany eliminations, and adjustments.

• Regulatory Compliance: Ensures adherence to accounting standards such as GAAP, IFRS, and SOX compliance with audit trails and controls.

• Advanced Reporting: Offers robust, customizable reporting and dashboards for detailed financial analysis and board reporting.

• Data Integration: Integrates with ERP systems and other financial applications to maintain data consistency.

• Workflow and Security: Provides role-based access and approval workflows to control data input and validation.

Benefits

• Accelerated Close Cycles: Speeds up the financial close process with automation and streamlined workflows.

• Improved Data Accuracy: Reduces errors through built-in validation, reconciliation, and audit features.

• Compliance Assurance: Supports compliance with regulatory and accounting standards, reducing risk.

• Enhanced Transparency: Delivers real-time insights and visibility into consolidated financial results.

• Scalability: Supports complex organizational structures and growing data volumes.

Who Should Use This Service?

This service is ideal for finance teams, controllers, CFOs, and accountants in medium to large enterprises that require reliable, efficient, and compliant financial consolidation and reporting capabilities.

Service Scope

• Assessment: Evaluate existing consolidation and reporting processes.

• Implementation: Configure Hyperion HFM tailored to organizational structure and compliance needs.

• Customization: Develop custom reports, dashboards, and workflows.

• Training: Provide end-user training and documentation for efficient adoption.

• Support: Offer ongoing maintenance, troubleshooting, and system enhancements.