How to extend the life cycle of Hyperion Enterprise

For many years, thousands of large companies have been using Hyperion Enterprise for their Financial and Management reporting.In fact Hyperion Enterprise was the market leading corporate reporting solution for years and still is heavily used today.
By: Wouter Born
June 25, 2010 - PRLog -- CXO Solutions, provider of the CXO-Cockpit Reporting Suite, the advanced web-based Oracle EPM | Hyperion Reporting and Analysis platform, announces a great way to further extend the life cycle of still very popular consolidation platform Hyperion Enterprise.

“For many years, thousands of large companies have been using Hyperion Enterprise for their Financial and Management reporting” say Marcel Vlug, CEO of CXO Solutions. “In fact Hyperion Enterprise was the market leading corporate reporting solution for years. Even since the introduction of its successor, Hyperion Financial Management, over 8 years ago, many Hyperion Enterprise users have decided not to migrate away from Hyperion Enterprise”. “Based on our research we see that roughly 50% of the original Hyperion Enterprise customers have migrated to HFM or moved to a totally other system. This means that 50% of the original Hyperion Enterprise customers have stayed stay on the Hyperion Enterprise platform, and will probably stay there for several years to come”, continues Marcel Vlug.

So how can you add significant value and extend the life cycle of your trusted Hyperion Enterprise system?

“Well, with CXO-Cockpit Reporting Suite Hyperion owners can upgrade their Hyperion Enterprise system to a complete web-based reporting platform without having to go through a costly migration process to a new consolidation system. The CXO-Cockpit Reporting Suite will simply add the following benefits to your existing Hyperion Enterprise application” says Wouter Born of CXO Solutions:

- Web-based Reporting and Analysis
- Financial Intelligent graphical presentations via the web
- Multidimensional OLAP functionality
- Turning Enterprise subaccounts into dimensions
- Transforming categories, period and years into proper OLAP dimensions
- Creation of an account hierarchy with drill down
- Data entry and Reporting of Narratives and Comments via the web
- Exporting reporting books and graphics directly to PDF and PowerPoint

“With these benefits added to the current application, the end-user will perceive the Hyperion Enterprise application as a state of the art, web-based and multi-dimensional application. The cost of ownership (e.g. number of servers) and ease of administration however, will stay at the level of Hyperion Enterprise. As a result, the life of Hyperion Enterprise is extended for many years at a very low cost”. “In fact we turn a Enterprise application almost into HFM at a fraction of the costs” finalizes Wouter Born.

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.

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CXO-Cockpit Reporting Suite delivers the most complete and comprehensive Reporting & Analysis Platform for all the available Oracle EPM | Hyperion Applications like HFM, Enterprise, HSF and Essbase and Planning.
The CXO-Cockpit Reporting Suite will deliver the following output formats all from a single licence:
-On-line Dashboards - for web-based analysis and drill downs of your P&L, BS, DSO, Cashflow, Working Capital and other important Hyperion KPI’s
-Easy Presentations - for web-based distribution and presentation of Hyperion content
-Financial Reports - for printing and exporting to PowerPoint, PDF and Excel
-Excel Booklets - for highly customized periodical output on Paper
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Tags:Hyperion Enterprise, Reporting, Analysis, Hyperion, Hfm, Dashboard, Consolidation, Hyperion Enterprise End Of Life
Industry:Accounting, Financial, Reports
Location:Utrecht - Netherlands
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Page Updated Last on: Apr 19, 2011
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