What Are The Different Aspects Of Hyperion As A BI And BPM Tool?

Hyperion is a BI (Business Intelligence) and BPM (Business Performance Management) tool. It features applications for a range of processes including planning, consolidation, reporting, score carding, analysis, dashboards, foundation and master data management.

Business Intelligence refers primarily to the computer-based techniques that are used in identifying, analyzing and extracting business data like sales revenue by products and departments or by linked costs & incomes.

BPM seems to be a management approach that is focused on aligning all the aspects of an enterprise with the needs and wants of the clients. Moreover, it promotes business efficiency and effectiveness while at the same time striving for flexibility, innovation, & integration with technology. 

Well, it makes use of ESSBASE for its backend. Let us have a view of what exactly is ESSBASE and how it differs from the traditional database:

ESSBase means Extended Spread Sheet Database. It is  MDBMS (multidimensional database management system) which offers a multidimensional database platform to build analytic applications. In other words, in ESSBase, OLAP (online analytical processing) is used. This feature enhances the different features on the Excel Spread Sheet. MDBMS is a feature using which we can view data in varied dimensions, i.e., we can see data in 3D or 4D based on the client/customer needs. In fact, ESSBase makes maximum use of OLAP.

OLAP is a computer processing which facilitates a user to conveniently and selectively extract & view data from varied points of view. For instance, a user can choose to request that data to be analyzed to be display a spreadsheet which shows all the products of the company sold in a particular state and in a particular month, compare the revenue figures with that for the similar products in another month and then view a comparison of the sales of other products in the same country in exactly the same time period. In order to facilitate this sort of analysis, OLAP data is likely to be stored in a versatile multidimensional database.

Data Warehouse is a collection of data that is designed to support decision making in the management. Data warehouses comprise a wide range of data which offer a logical representation of business conditions at one single point in time. Data warehouse development includes development of systems so as to extract data from the operating systems as well as installation of a unique warehouse database system which offers managers flexible accessibility to the data.

What does a Hyperion Enterprise do?

Hyperion Enterprise of Oracle is a system meant for advanced-level management reporting & consolidation. It handles a variety of financial management processes in a user-friendly, graphical environment. Users can use the enlisted features below to collect, analyze, consolidate and report on different business information:

•          Currency translations

•          Data entry, loading & retrieval

•          Intercompany eliminations

•          Multiple consolidation paths

•          Graphical organization charts

•          Powerful & flexible report writing

•          Dynamic organizational structures

 Hyperion Planning-Uses

1. Streamlines Enterprise-wide Planning & Budgeting Process

2. Ascertains dependability with Predictive Planning & Rolling Forecasts

3. Mutual Planning within an Web Interface (Intuitive Scalable)

4. Enhances Productivity with complete MS Office Suite Integration

5. Facilitates Agility with Mobile Access

6. Incorporates Planning & Management Reporting impeccably

7. Ease Collaboration with a potential Plan Management & Workflow

8. Robust Data Integration & Deployments

Hyperion Planning is very effective when it comes to planning. Oracle Hyperion Planning happens to be center piece of broader solution of Oracle for Enterprise Business Planning. Process of Enterprise Business Planning spans strategic planning, budgeting & forecasting, capital asset planning, workforce planning, project financial planning & other aspects of operational planning which have a considerable impact on the financial performance. Moreover, it involves ongoing evaluation of business pricing and profitability analysis; it uses those insights in order to drive change in various business plans. Additionally, Enterprise Business Planning tends to leverage predictive analysis & simulation techniques so as to evaluate and quantify risk & uncertainty, natural to all these plans and takes necessary actions to lessen those risks on a constant basis. 

Moreover, it involves ongoing evaluation of business pricing and profitability analysis; it uses those insights in order to drive change in various business plans. Additionally, Enterprise Business Planning tends to leverage predictive analysis & simulation techniques so as to evaluate and quantify risk & uncertainty, natural to all these plans and takes necessary actions to lessen those risks on a constant basis.