Hyperion Financial Reporting (OBIEE) Product Overview
Overview
The increased number of BI (Business Intelligence) and
EPM (Enterprise Performance Management) systems being implemented by
financial management groups worldwide will inevitably lead to increased
reporting requests. It’s now become vital for organizations to select a
proven reporting tool able to handle the load of large and small
organizations - Hyperion Financial Reporting is that tool. With
Hyperion Financial Reporting, users are able to easily create
highly-formatted, book-quality, management and operational reports.
Organizations have stakeholders who demand information in varying
layouts, end-users comprised of different security levels, managers who
insist on static, pre-defined reports, and analysts who desire the
ability to manipulate metadata that ultimately builds each report.
These can be easily met with Financial Reporting.
Product History
Presenting financial data sourced by Essbase to
the user community was often accomplished by using Microsoft Excel VBA
(Virtual Basic for Applications). This approach to reporting was slow,
prone to mistakes, and required developers to become proficient in the
Excel VBA language, while concurrently understanding how to integrate
the Essbase API into this code base.
To give users a GUI
(Graphical User Interface), Hyperion designed and developed Hyperion
Reports. This reporting application was used to display data to users
from a variety of source systems, including Hyperion Essbase, Hyperion
Planning, and Hyperion Financial Management. Hyperion Reports began to
grow a large user-base, and in 2007 was part of the Hyperion
acquisition by Oracle. At the time of the acquisition, Hyperion
applications were being used by approximately 12,000 companies,
including 91 of the Fortune 100. The acquisition made Oracle a leader
in the EPM market and strengthened the Oracle offerings.
Soon
after the acquisition, Oracle introduced a new product family coined
OBIEE-Plus (Oracle Business Intelligence Enterprise Edition Plus). This
suite of products included all Oracle and Hyperion reporting and
analysis tools. OBIEE-Plus consists of the former Siebel Analytic
applications (Dashboards, Answers, Delivers, Disconnected Analytics,
Publisher, and Briefing Books) in addition to the legacy Hyperion
reporting tools (Interactive Reporting, SQR Production Reporting,
Financial Reporting, and Web Analysis).
Strengths / Benefits
- Easily-formatted/ high-quality - Financial Reporting
allows for a variety of formats, each format meeting accounting
principles set forth by regulations and external requirements. Having
the flexibility to format reports in numerous layouts makes appeasing
different sets of end-users easy.
- Report automation -
Users can run and print multiple reports from a pre-defined schedule
with batching. The batching process allows reports to run overnight
with other batch processes. Once all reports have finished processing,
they can be sent to folders on shared network drives or printed.
- User control
- Users have complete control over layouts, formatting, fonts, and
colors, as well as a flexible range of output options enabling wide
distribution via print, HTML Web pages, PDF, and online viewing.
- Rapid report creation
- A graphical, object-oriented interface enables the rapid creation of
reports that combine grids of data and text, charts, graphs, and images.
- Reusable content - A library of reusable report components simplifies and streamlines the process of building and maintaining complex reports.
- Multiple source applications
- Financial Reporting accepts connections into multiple source
systems/applications, including Hyperion Essbase, Hyperion Planning,
Hyperion Financial Management and SAP NetWeaver BI.
Resources
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