Financial Consolidation and Closing

Hyperion Financial Management

Oracle Hyperion Financial Management is a financial consolidation and reporting application designed to be used and maintained by the finance team. It provides financial managers the ability to rapidly consolidate and report financial results, meet global regulatory requirements, reduce the cost of compliance and deliver confidence in the numbers.

Many finance executives face the daunting task of consolidating their organizations’ financial and operating results using spreadsheets that are difficult to maintain and audit. Some are encumbered with custom reporting solutions that don’t scale or address global requirements, while others are dependent on general ledger-based approaches that can’t pull data from numerous transactional systems without significant IT support. A Single version of the truth — one view of financial and operational results integrated from multiple systems is crucial for analyzing business operations.

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Improve Close Cycle Times

Oracle Hyperion Financial Management can reduce consolidation and reporting cycles by days or weeks. By minimizing the need to enter, check, and double

-check actual results, the finance team can spend more time on forward-looking activities.

Reduce Cost of Compliance

Oracle Hyperion Financial Management delivers one version of the truth through the Web, thereby improving organizations’ internal and external transparency. Now, they can reduce and replace manual control procedures with automated and preventative controls that ultimately reduce processing and auditing costs.

Gain In-Depth Operational Insights

With Oracle Hyperion Financial Management organizations can combine financial and non-financial results for greater insight into performance metrics. They can analyze consolidated information across unlimited user defined dimensions including company, product, brand, and customer.

Reduce Control Risk

Oracle Hyperion Financial Management reduces “control risk” with complete audit trails, workflows, internal review and certifications, controls, and validations so organizations can be confident in their numbers. Intercompany balances are matched and eliminated, foreign currency is properly calculated in accordance with local GAAP or IFRS principles, cash flow statements are automatically produced, and minority interests are properly accounted for. Also, with expanded text handling and document attachment capabilities, Oracle Hyperion Financial Management acts as an “electronic binder” for all financial-close related documents.

Intercompany Transaction Matching

Oracle Hyperion Financial Management includes a purpose built intercompany transaction matching module. The module provides an efficient way to identify, reconcile and report on intercompany account differences at a transaction, or ‘invoice’ level. Organizations can capture, match, and resolve intercompany differences across currencies. End users can enter comments and reason codes to help in the resolution process.

Flexible Scenario Management

Oracle Hyperion Financial Management offers flexible what-if scenario management so users can dynamically consolidate and report on all financial budgets, forecasts, and plans. Then, as assumptions and facts change, they can easily and quickly produce new statements and views of results.

Financial Consolidation and Reporting

Oracle Hyperion Financial Management provides intercompany eliminations, multicurrency translations, and minority interest calculations, delivering them quickly and cost-effectively out of the box. It also incorporates U.S.-GAAP (generally accepted accounting principles), IFRS (International Financial Reporting Standards), and local statutory requirements to ensure report accuracy and compliance. Specific starter kits are available, to assist customer implementations, for IFRS, Japanese GAAP and Sustainability Reporting through the Global Reporting Initiative (GRI) framework. In addition a special module is available for Solvency II Qualitative Management Reporting.