Finit Solutions - What is New in Hyperion Financial Management


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The recent release of Oracle Hyperion Financial Management has some big changes. This release brings new features, enhancements of existing ones, and a redesigned user interface. In this webinar we will show:

New features:

o Configurable dimensionality: As few as 2 but more than 4 custom dimensions allowed now!
o Opening multiple HFM applications in one session
o “Favorite” members now defined to ease user POV selection
o Combination of Data Extract and Extended Analytics


o Faster data retrieval engine in data grids and reports
o Improved web navigation
o Grid designer drag-and-drop features
o IE9/Office 2010 support on a 64-bit platform

New user interface:

o Compared to System 9 and Version 11.1.1.X, this user interface is significantly different
o Single point of administration
o “Legends” to explain purpose of different-colored items
o Removal of unnecessary dimensions from Forms and Grids – User POV concept

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Finit Solutions - What is New in Hyperion Financial Management

  1. 1. Getting the Most out of EPM What’s New in Hyperion Financial Management October 19th, 2012 Erich Ranz (
  2. 2. Finit IntroductionFinit Solutions specializes in consulting services in the Oracle Hyperion EnterprisePerformance Management Solutions suite of products:Financial Close and Consolidation Planning and Business Intelligence– Financial Management (HFM) – Planning– Hyperion Enterprise (HE) – Core Planning– Financial Close Management (FCM) – Modules (Workforce, CapEx,– Disclosure Management (DM) Project Financial Planning)– Account Reconciliation Module (ARM) – Essbase (ASO / BSO)Integration – Essbase Analytics Link (EAL)– Financial Data Quality Management (FDM) Reporting Tools– Oracle Data Integrator (ODI) – Financial Reporting– Enterprise Performance Management – Smart View / Essbase Excel Add-In Architect (EPMA) – OBIEE– Data Relationship Management (DRM) – Financial Management Analytics (OFMA)– Other (ERPi, EIS, etc.) – Web Analysis + HPCM -2-
  3. 3. Finit ServicesFinit’s consulting services cover a broad range of implementation and postimplementation options.Finit Solutions: Implementation Services Finit Answers: Post Implementation– Full cycle implementations Support – Discovery and Requirements – Access to Hyperion SME’s (Dedicated support team and available consultants) – Global Design – Customer Service Focus – Detailed Design and Build – Time and Materials Support – Testing and Training – Flexible support packages tailored to – Deploy client needs– Infrastructure Services – Guaranteed Response Times– Data Services (historical data, GL data – Technical and Admin / Functional integration) Support– Project / Program Management – Short-term remote staff augmentation– Product Upgrades services– Redesign / Enhancements -3-
  4. 4. Finit’s FocusWe strongly believe that Service + Solutions = Maximum Value Service – Consultant compensation model is based upon client satisfaction with consultant’s work, not how many hours they charge. – Finit has no external owners and Finit partners are involved in every full- cycle implementation. – Finit uses its own employees, not contractors. Solutions – Finit consultants are Hyperion product experts who enjoy designing, building and deploying great solutions, applications and processes. – Finit works closely with Oracle Hyperion development on product strategy and beta testing. – Finit consultants receive 2 weeks of product / functional training a year. – Finit Answers provides support services on a pay-as-you-use model. -4-
  5. 5. Finit’s Values -5-
  6. 6. Finit’s Client ServiceOur client service approach has led to 100% customersatisfaction for every Finit client (170 and counting) forevery Oracle Hyperion project (over 300 and counting). -6-
  7. 7. Some Finit Clients• -7-
  8. 8. Question and Answer -8-
  9. 9. About the PresenterErich• Former HFM/FDM administrator• 7 years experience with Hyperion products• 12 years in Finance• Based in Wichita, KS -9-
  10. 10. Agenda Configurable Dimensionality User Interface Demo Q and A - 10 -
  11. 11. Installation Separate download files for each client utility. Server configuration automated. HFM-specific configuration steps simplified. New FR print server. Web applications deployed into a single, managed server. Configuration Utility - 11 -
  12. 12. New Product Support Internet Explorer 9 Smart View supports the 64-bit version of Microsoft Office 2010 - 12 -
  13. 13. Configurable Dimensionality More than four custom dimensions available  At least two custom dimensions required  Usage similar to Essbase  Can be stacked or used for unique purposes Dimension size guidelines  Large (up to 2 billion members)  Medium (up to 32,000 members)  Small (up to 128 members) - 13 -
  14. 14. Application Upgrade Utility Enhanced to support configurable dimensionality. Upgrades:  Member Lists  Data Grids  Data Forms  Journal Reports  Intercompany Reports Custom1 Example  Pre Conversion: Short label: C1, Long label: Custom1, Alias: Products  Post Conversion: Short label: C1, Long label: Products  Other metadata properties/settings remain unchanged - 14 -
  15. 15. Rules File Rules file might require updating if:  More than four custom dimensions have been defined  Custom Short Names have been set as something other than “C1”, “C2”, “C3”, and “C4” Rules file will not require updating if:  No new custom dimensions are added  Custom Short Names have been set as “C1”, “C2”, “C3”, and “C4” Rules syntax remains the same - 15 -
  16. 16. New Rule FunctionsFunction DescriptionApplicationName Returns the name of the application in which rules are running. Determines if the cell contains cell text for the specified label and updates the cell textContainsCellTextWithLabel information.CustomTop Returns the CustomTop member for the current or specified Account member.DataUnitItem Returns the data unit item to process during consolidation, calculation, or translation.DefaultParent Gets the default parent for the current Account member or a specified Account member. Gets the cell text from the Point of View for the specified cell text label. CellTextLabel is either theGetCellTextWithLabel default cell text label (“*Default+”) or one of the valid loaded cell text labels. Returns a list of Custom dimension labels in an array. Returns two arrays, one with Custom shortGetCustomLabelArray names and one with Custom long names. Gets an individual record to process for consolidation. This function is used when you have more than four Custom dimensions. Returned is a two dimension array containing the dimensionGetItemExtDim information with dimension label in Dimension 1 and member name in Dimension 2. Using dimension IDs, gets an individual record to process for consolidation. This function is used when you have more than four Custom dimensions. Returned is a two dimension array containingGetItemIDs2ExtDim the IDs for both the dimension and member. Returns the total number of Custom dimensions defined for the application. For example, if you create five Custom dimensions, delete one Custom dimension, and add two Custom dimensions, the value returned for this function should be six, which is the total number of Custom dimensionsNumCustom defined for the application.SetCellTextWithLabel Updates the cell text information for a specified POV and cell text label. - 16 -
  17. 17. GetItemExtDim and prior - 17 -
  18. 18. New Interface Enhancements Support for multiple applications in Workspace Support for multiple modules and documents in an application  - 18 -
  19. 19. Menu Navigation and Layout Load Tasks - 19 -
  20. 20. Menu Navigation and Layout Left Hand Pane  Demo - 20 -
  21. 21. Point of View Improvements POV Demo - 21 -
  22. 22. Improved Document Manager - 22 -
  23. 23. Improved Document Manager - 23 -
  24. 24. Improved Data Grid UI - 24 -
  25. 25. Improved Data Form UI - 25 -
  26. 26. Improved Journals UI Journal Entry and Process Journals - 26 -
  27. 27. Improved Journals UI Manage Journals - 27 -
  28. 28. Extract Data Process Extract Data  Limited options  No journals  Base members  Extract Data  Incorporation of Extended Analytics  Flat file no longer zipped - 28 -
  29. 29. Win32 Client Changes  - 29 -
  30. 30. Hosted Online Help  - 30 -
  31. 31. SmartView MS Office 2010 64-bit support Excel Formatting Enhancements Data grids opened through SmartView New VBA Functions New Panel and Connection buttons HsGetValue function - 31 -
  32. 32. Finit Contacts insights@finitsolutions.comQuestions? -> Erich Ranz 913-221-4984Email us for acopy of the slides or More EPM Questions? ask@finitsolutions.comlink to the recording. - 32 -