The Need for Data Automation in Hyperion Financial Management
Managing the financial processes within an organisation is a key requirement. No matter if a company is held privately or is listed as a public company, there are many people who require visibility of what is happening at a financial level within the company, both on a periodic and ad-hoc basis.
For many organisations, this involves the use of Oracle’s Hyperion Financial Manager (HFM) system. However, HFM has poor capabilities in acting as a data aggregator, and also has a poor process engine with little in the way of effective event triggers.
Organisations looking to optimise their financial processes need to implement systems that enable full process and data automation, while managing full security and auditability across the processes.