At CompIntelligence, we know that finance organizations are under constant pressure to reduce errors, lower costs and improve performance. That’s why we partner with Oracle to deliver their best-in-class Hyperion Financial Management (HFM) application to our clients. CompIntelligence consultants are experts in HFM, and many have been working with the application since its development in the 1990s. HFM is built on the latest web technology to allow finance teams to more easily and accurately consolidate reports, meet global regulatory requirements and provide executives with the data and insights they need to make critical business decisions.
HFM’s web-based architecture lets users securely input and access critical financial information from any location, at any time, using a standard browser on a PC or mobile device. HFM works with multiple existing sources, including data warehouses and transaction systems, and shifts data management responsibility from the IT department to Finance.
By replacing custom reporting or general ledger systems with one that consolidates data from disparate sources, HFM provides real-time insights into financial and operational results from across the enterprise. This not only improves confidence in the reliability of data for decision- making, it also reduces the cost of regulatory compliance.
HFM can also rapidly reduce close cycle times by eliminating the need to enter and check entries and results. Finance teams can use their time to focus on adding value in new ways, through insights into performance metrics using both financial and non-financial data. HFM’s audit trails, workflows, internal reviews and certifications, controls, and validations drastically reduce control risk and enable meeting of local GAAP and IFRS principles. Further, HFM’s multi-source reporting enables dynamic analysis of results and on-the-go changes to forecasts, scenarios and planning documents.
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CompIntelligence Education also offers HFM training courses for administrators, developers, power and end users, on-site, virtually, and in public classroom settings.