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What is the latest version of Hyperion Planning? What is the use of Oracle Hyperion? Oracle Hyperion Financial Management is a comprehensive, Web-based application that delivers global financial consolidation, reporting and analysis in a single, highly scalable software solution.
Essbase Advantages -Provide a real-time analytic infrastructure to support business intelligence and enterprise performance management EPM applications.
Oracle Hyperion Essbase Implementation -Allows businesses to gain immediate cost savings via the ability to quickly implement new business strategies. Essbase can accept data input from end users which makes it a very capable budgeting tool in addition to its analytic capabilities.
Essbase also contains a very powerful calculation engine and is often used to create Profitability Costing models or other types of analytic models that require allocations or more advanced calculations. Essbase is mainly used in budgeting and financial services because it is easy to run scenarios using dimensions that allow you to see how any point in the database changes with changes to a single variable.
Essbase makes it easier for forecasting results and comparing actual performance to the forecast so that variables can be adjusted quickly and efficiently. Dodeca provides an interface similar to Excel with regard to formulas and formatting along with the automated report production, managed report templates, and point-of-view selectors of HFR.
Dodeca was purpose built for Oracle Essbase. It supports budgeting, analysis, reporting, and planning applications and comes with a number of features such as drill-through. This feature can be especially helpful when performing data validations. You can have different sourced data all on one sheet so you can easily see where there might be an issue with your data. General ledger, financial, and operational data detail in other platforms and applications can be brought together with Essbase data.
This includes product inventory data, product images, transactional data from point-of-sale, invoicing, invoice messages, and purchase-order system data. Dodeca can also pull information directly from SQL when that is used as a data source without an EPM platform or other business application. Request your demo today and find out why Dodeca is the top choice for Essbase compatible complete database management in business.
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