Oracle Hyperion Financial Data Quality Management (FDM) and FDM Enterprise Edition (FDMEE)
CompIntelligence works to improve the performance and responsiveness of client finance organizations in a wide variety of enterprises. Despite operating in vastly different industries and markets, all the finance organizations in these businesses share the need for better internal controls and reporting processes. One way CompIntelligence successfully helps our clients meet their finance needs is by partnering with Oracle to implement its market-leading Hyperion Financial Data Quality Management (FDM) and Hyperion Financial Data Quality Management Enterprise Edition (FDMEE) software, which enable the development of standardized financial data management processes and data validation from any source system.
FDM and FDMEE have several features and functions to ensure ease of use and elimination of errors and bottlenecks. They enable creation of standardized, end-to-end collection processes for financial data that include mapping, verification, validations, and real-time quality and error checks at every step of the process. They also provide prebuilt audit, log, system and process management reports that can be modified for specific users. Further, both versions import data from a wide range of financial data sources and integrate, transform and validate data for use by analysts.
FDM and FDMEE also make life easier for users by replacing manual data reconciliation with automated data submissions. Audit trails provide a complete view of all activity while a web-based user interface allows end-users to load, review and verify data on their desktops. Further, guided workflow helps users create customized data mappings and repeatable processes.
With FDMEE, Oracle’s prepackaged source adapters allow finance to seamlessly link Oracle Enterprise Performance Management applications to transaction systems such as Oracle E-Business Suite, PeopleSoft Financials and JD Edwards EnterpriseOne, among others resulting in reduced integration costs and data mapping complexities.
The benefits clients realize with FDM and FDMEE include improved performance, increased efficiency, reduced cost and a rise in employee productivity. With greater transparency, simplified data collection processes, and elimination of errors in reporting and reconciliation, business leaders can have more confidence in their data and make decisions about the future of the business. Further, maintaining automated finance processes and a transparent audit trail can reduce annual audit fees and lower the cost of compliance.
Oracle Hyperion Financial Data Quality Management Enterprise Edition improves efficiency by replacing manual file manipulation with simplified, automated processes that import clean data from a variety of financial data sources. The web-based user interface, with guided workflow processes, further increases productivity by providing finance employees with real-time, transparent access to data and enabling mapping, reports and reconciliations.
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CompIntelligence Education also offers FDM and FDMEE training courses for new administrators and end users one-site, virtually, and in public classroom settings.