Overview
As companies grow and evolve, it becomes essential to
manage master data across information silos that result from mergers
and acquisitions, departmental initiatives, or legacy system
proliferation. Data consistency, integrity, quality and accuracy can
suffer creating a process that lacks integrity. Oracle Hyperion Data
Relationship Management provides enterprises with a solution to build
consistency within master data assets despite endless changes within
the underlying transactional and analytical systems.
Product History
Data Relationship Management was developed in
the mid-1990s by a small Texas company called Razza Solutions. The
product was then known as Razza Dimension Server and was used by about
30 Fortune 500 companies. With the acquisition of Razza by Hyperion in
2005, the product was renamed to Hyperion Master Data Management (MDM)
and integrated into Hyperion’s BI foundation.
Now part of Oracle’s Master Data Management Suite, the name has been
changed to Hyperion Data Relationship Management (DRM). While DRM is
Oracle’s core product for Financial and Analytical master data
management, Oracle also has other operational MDM applications
available including Oracle Customer Hub and Product Hub.
Strengths / Benefits
- Change management and control - Unify
cross-functional perspectives to a master record while giving users the
freedom to make changes and construct alternate departmental views of
the data that are consistent and accurate.
- Best-of-breed hierarchy management
- Streamline master data changes using drag-and-drop hierarchy
maintenance. Enable side-by-side comparison and one-click navigation
across both, balanced and ragged hierarchies, with built-in referential
integrity.
- Audit and compliance - Provide a
framework for query, comparison, and full history of all master data
changes, including documented versioning and roll-back at any point in
time or recorded modification to master data elements.
- Workflow integration - Hot-pluggable integration with workflow tools using web services.
Resources