CXO-Cockpit Reporting Suite connects to Essbase Profitability & Cost Management Module (HPCM)

May 18, 2010 - PRLog -- CXO-Cockpit Reporting Suite connects directly to Profitability & Cost Management Module (HPCM) of Oracle | Hyperion EPM Suite.

CXO Solutions, provider of the CXO-Cockpit Reporting Suite, the advanced web-based Oracle EPM | Hyperion Reporting and Analysis platform, announces today that it will directly connect to Oracle’s HPCM application. Oracle Profitability and Cost Management, is a new performance management application that increases visibility into cost and profitability drivers inside organizations. The HPCM environment is based on the well acclaimed and award winning Essbase platform.

“For our advanced Reporting and Analysis platform the connection to Oracle HPCM is a logical step in our portfolio” says Marcel Vlug, CEO at CXO Solutions. “We have been capable of delivering our web-based analytical front-end on top of any Essbase application for a while now, and the connection to HPCM is just a matter of fine-tuning the already available direct connection to Essbase”, continuous Marcel Vlug.
“Especially in today’s challenging economic climate we see a clear interest in the HPCM solution of Oracle” says Wouter Born, COO of CXO Solutions. “HPCM provides users clear visibility into the cost of business activities across the organization, enabling companies to pinpoint their most profitable assets, and identify opportunities to improve resource allocation and profitability”.

End-user insight in HPCM: “Seeing HPCM is an Essbase application, getting the valuable information from HPCM to the end-users is often done via the well known Excel link of Essbase. However, if end-users require an online dashboard-like interface with the HPCM data, alternatives are limited. The CXO-Cockpit Reporting Suite will provide that state of the art web interface to report and analyze the HPCM data for those users. Because the CXO-Cockpit is equipped with a lot of standard functionalities, we can set-up an Online Dashboard and Reporting environment in a matter of 2 days for HPCM customers”, finalizes Wouter Born.  

About the CXO-Cockpit: The CXO-Cockpit Reporting Suite is a unique and flexible Hyperion Reporting and Dashboard platform for Hyperion Financial Management (HFM) ,Hyperion Enterprise (HE), Hyperion Essbase, Hyperion Planning and Hyperion Strategic Finance that can be implemented in a very short timeframe. The CXO-Cockpit provides a full range of dashboards and reports, including Balance Sheets, P&L statements, Cash Flow reports and Waterfalls, Trends, Portfolios and Benchmark dashboards, with a whole range of pre-built financial intelligence.

The CXO-Cockpit Reporting Suite provides on-line Dashboards, Financial Reports, on-line Presentations and Excel Booklets all from a single maintenance environment. All available Reports, Dashboards, On-line presentations and XL booklets provide highly interactive analysis, alerts, KPI’s and rankings by entity, channel, customer, market, or any other dimension available in your Hyperion application. The CXO-Cockpit is available out of the box delivering the lowest total cost of ownership in the industry.
About the CXO-Cockpit Community: CXO Solutions delivers the CXO-Cockpit in a concept of co-creation. Its development is based on the best practices approach derived from the CXO-Cockpit Community. The CXO-Cockpit Community is a network of CFO’s, finance professionals from large organizations and University professors sharing their best practices for presentation of financial data. The Community ultimately drives the further development of the CXO-Cockpit.

Contact: Wouter Born, COO at CXO Solutions.  +31 88 238 0844. www.cxo-cockpit.com

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The CXO-Cockpit is a unique pre-built Executive Dashboard for Hyperion Financial Management (HFM), Hyperion Enterprise (HE), Hyperion Essbase, Hyperion Planning and HSF that can be implemented in 1 week.