Reduce Consolidation and Reporting Cycles
The financial close can be a burdensome and time consuming process hampered by manual consolidation of spreadsheets or IT intensive consolidation of ledgers. Regulatory compliance further complicates the process requiring multiple versions of financial reports. Cycle times, resource requirements and compliance costs can only be reduced as efficiency and accuracy increase, but how to achieve this?
Oracle Hyperion Financial Management can reduce consolidation and reporting cycles by days, or weeks, simply by eliminating redundant data entry and the need to check and double-check actual results.
- With Hyperion Financial Management, finance organizations spend less time crunching numbers and more time as a strategic partner to the business.
- HFM automates and improves the timing and efficiency of the month end close, including consolidation and foreign currency translation.
- Its structure integrates easily not only with other Hyperion products but also with your existing infrastructure.
- While HFM is a web software application, it also has an add-in with Microsoft Office (called Smart View) which allows users to forecast or budget in Microsoft Excel, an environment comfortable to most finance users.
HFM Implementation Process
BizTech can help your organization dramatically reduce its consolidation, closing and reporting cycle with a Hyperion Financial Management implementation.
Our consultants combine extensive Oracle Hyperion implementation experience with real world accounting and finance back grounds to provide the best solution to your consolidation and reporting process.
Our approach utilizes pre-built, customizable templates (models, forms, reports and business logic) reducing development cycles and project cost. After a rapid implementation process, your organization will have a new enterprise financial management process and system that reduces time spent on the close and quickly produces meaningful results to the chief decision makers in your business.