Why CXO-Cockpit for Hyperion Essbase ?

Sept. 17, 2010 - PRLog -- "The reason to integrate the CXO-Cockpit with Essbase is basically the lack of out-of-the-box reporting tools for Essbase. There are simply no reporting solutions in the market today that allow you to set-up a fully functional dashboard and reporting environment for Essbase in a short timeframe" says Wouter Born, COO of CXO Solutions,  

"For hardcore Essbase users, like Controllers, the Microsoft Excel add-in for Essbase is very powerful and the preferred way to look at Essbase information. However, with the CXO-Cockpit we focus on delivering Essbase information to a different audience within organizations, namely executives, group controllers and directors who prefer simple web-based standardized information sets instead of endless Excel sheets" , continues Wouter Born.

The CXO-Cockpit Reporting Suite can perfectly work alongside the regular Excel Add-in, delivering key information in a fast, easy to use and easy to understand format via the web.

Although Excel is the preferred reporting tool for Essbase today, we see a rapidly growing demand in the market for an enhanced reporting tool like the CXO-Cockpit Reporting Suite. Please find below a number of reasons why traditional Essbase users are looking for more than just Excel.

8 common Reporting Challenges Essbase Customers are facing today:

1.Managers ask for a more intuitive and graphical way to receive the crucial Essbase Management Information.
2.Reporting teams are frustrated with the repetitive manual work they have to go through every single reporting period and people desire an automated way of delivering the Hyperion Essbase information.
3.Group Controllers and CFO’s want to further limit the use of Excel within the reporting environment in order to reduce the risks of making errors.
4.Managers want the Essbase Reports delivered faster and via the Web with online analytical drill-down capabilities.
5.Reporting teams are struggling with keeping the several separate native Hyperion Reporting tools in sync with all the changes in the underlying Hyperion Essbase model.
6.Essbase users lack sophisticated commenting capabilities with the standard Essbase output.
7. CFO’s want to use on-line presentation capabilities for internal or even external stakeholders (like analysts).
8.Controllers want to combine Essbase data with other important non-Hyperion (i.e operational) data sources within the same Management Information platform.

If you want to learn more about the CXO-Cockpit Reporting Suite please visit www.cxo-cockpit.com

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The CXO-Cockpit is an advanced Reporting and Analysis Platform for Hyperion Applications like Financial Management (HFM), Hyperion Enterprise (HE), Hyperion Essbase or Hyperion Planning and HSF that can be implemented in 1 week.