The Age Of
Corporate Performance Management
Oracle / Hyperion Essbase
Oracle Hyperion Essbase is the market-leading OLAP (Online Analytical Processing) server for EPM (Enterprise Performance Management) applications.
Multidimensional Oracle Essbase is designed specifically for business users and supports forecasting, variance analysis, root cause identification, scenario planning, and what-if modeling for both custom and packaged applications. Essbase delivers results in best time.
It directly connects to other data sources and provides the generated information through a variety of reporting options. Designed for increased scalability, security and faster response, Oracle Essbase provides business users with advanced analytics to enable better business understanding, resource alignment and improved business outcomes.
Essbase can be licensed as a cloud application and also onPremise. We at BLUEBIRD Consulting are happy to support you through all phases of the project and help you decide which license model is right for you and your company.
The Business Benefits of Oracle Hyperion Essbase
- Support from a large, globally active user community
- Uses innovative, visual and easy to understand interfaces
- Facilitates analysis and pattern recognition
- Enables rapid detection of trends in large data sets
- Delivers fast batch loading and calculation times
- Supports high-dimensional models
The key features of Oracle Hyperion Essbase
- Cost-saving links to existing systems
- Highest speed with simultaneous use of thousands of users
- Fast and easy development, deployment and maintenance
- Extensive security settings
- Real-time analysis of key customer data, financials and expenses Product profitability
Comprehensive user experience
Oracle Essbase provides business users with powerful online analytical processing (OLAP). Query results can be viewed through interfaces of the user’s choice, including Microsoft Office tools and the variety of intuitive reporting options Oracle offers. With the benefit of consistent response times of less than one second, users can interact with data quickly and without the assistance of technical experts.
This ability to “talk” to the data – to understand that one answer to one question leads to another – enables business users to better identify and analyze the metrics and relationships that affect performance and make better, more informed decisions. Users can share their saved reports, change their appearance, or create powerful additional queries as new questions arise.
Essbase: State-of-the-art calculation engine
At its core, Oracle Essbase includes a powerful calculation engine with over 350 pre-built, out-of-the-box functions. With this comprehensive library, Oracle Essbase can scale from simple aggregations to complex, multi-dimensional mappings. Financial formulas of all types are included to support business model development. In addition, business rules can be created to manage complex calculation requirements with spreadsheet-like syntax.
Multidimensional representation and extension
Data is categorized in Oracle Essbase in terms of dimensions, for example, a dimension could represent a time period or a product or a customer. Thus, a query may consist of comparing the actual sales for a product in a particular state during the month of March 2010 with the corresponding budgeted value for that month.
There are often relationships between members of a dimension, and these relationships are represented by a hierarchy. A hierarchy allows mathematical calculations to be performed on the data, so that, for example, all sales for individual states can be aggregated to create a value for the entire U.S.
With Oracle Essbase, multiple hierarchies can be set up so that data can be quickly calculated or aggregated. Structures in Oracle Essbase such as dimensions and hierarchies are displayed in the “Outline”. This is a graphical representation that allows authorized users to easily review and manage structures as business needs change. Users can extend data using metrics or drivers to estimate the results will be in the future.
These driver metrics can be entered on the history, trends or by the user. These predicted results can be compared with the actual results and the reasons for the deviations studied, so that more accurate predictions can then be made.
This “what-if” analysis also allows users to create additional scenarios in which they can model extraordinary changes in the business and be prepared for turbulent trading conditions.
This supports rapid resolution of business issues and management of risk. Learn more about the new EPM Viewer.
The Hyperion EPM on-promise components
Streamline financial close with comprehensive consolidation and close including complex consolidation support, tight processor orchestration, and supplemental data capture.
Create accurate, interconnected plans – from long-term planning to regular rolling forecasts and business unit planning – that incorporate best practices as needed. Whether you work in corporate financial planning and analysis, sales, marketing, human resources, IT, supply chain, or operations.
Use the multidimensional database Essbase for quick evaluations of your business fields.
Optimize the data quality of your company by using FDM EE. Probably the only completely “audit-proof” solution on the market
Create a central point to manage your metadata. Improve your master data management with DRM and create seamless transparency between all connected systems
Meet internal and external reporting requirements – collaborative reporting and regulatory reporting with interactive dashboards
The Oracle EPM Cloud Components
Streamline your financial close process and leverage a comprehensive consolidation solution. FCCS offers a holistic approach, from data collection to consolidation to compelling dashboards.
Start your tax reporting in the easy-to-use Oracle EPM Cloud. Maintaining control processes with the integrated configuration wizards has never been easier. By aligning tax reporting with corporate financial reporting, you get seamless transparency between taxes and finance.
EDMCS enables enterprise data control, change data visualization, and hierarchy management across your entire system landscape from a central point.
Use the best-practice approach and benefit from ready-made modules in the areas of finance, human resources, capital, IT project planning. Start now with accurate, holistic planning across your entire business units.
Meet internal and external reporting requirements and streamline your reporting process with Narrative Reporting in Oracle EPM Cloud.
This solution provides a secure, collaborative, and process-driven approach to defining, authoring, reviewing, and publishing financial and management reporting packages.
Streamline your global reconciliation process with Oracle ARCS. Save time by automating your reconciliation tasks. This cloud solution includes two different modules: Reconciliation Compliance and Transaction Matching.
PCMCS helps you understand the root causes of your costs and revenues. Control profit and cost impacts through rapid assumption changes to manage and increase profitability.
Based on PBCS, we offer this predefined solution for reporting and simulation of transfer pricing calculations. Our solution supports you with a high degree of automation, simulation of scenarios, profitability and variance analyses, transparent cost and revenue allocations, and reporting and documentation.
Data Management helps you easily connect data from various sources. Data management is an integral part of every EPM module. You can easily extend the data loading process and load exchange rates directly from the bank into your EPM system if needed. Automated, of course.