Finit solutions getting the most out of epm - 11 1 2 1

www.finitsolutions.com
Getting the Most out of EPM: HFM
/ FDM Release 11.1.2.1 New
Features and Future Roadmaps
June 24, 2011
Angie Apple
aapple@finitsolutions.com

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The Finit Solutions SeriesThe Finit Solutions Series
Getting the Most out of EPM: HFM & FDM 11.1.2.1 New Features
Finit Introduction
Finit Solutions specializes in consulting services in the Oracle Hyperion Enterprise
Performance Management Solutions suite of products:
Financial Consolidation
– Financial Management (HFM)
– Hyperion Enterprise
– Financial Close Management
– Disclosure Management
Integration
– Financial Data Quality Management
(FDM)
– Oracle Data Integrator (ODI)
– Enterprise Performance
Management Architect (EPMA)
– Other (ERPi, EIS, etc)
Planning and Business Intelligence
– Planning
– Essbase
– Profitability & Cost Management
(HPCM)
Reporting Tools
– Financial Reporting
– Smartview
– OBIEE
– Web Analysis
– Essbase Excel AddͲin

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• Finit consultants bring deep experience in external SEC reporting, tax reporting, and
internal management analysis across a wide range of industries.
• Our backgrounds in accounting and reporting, combined with our product expertise, make
us uniquely qualified to assist and advise clients on developing reporting packages that
provide better insight and analysis for management.
• In addition to strong backgrounds in accounting and finance, the Finit consulting team has
subject matter expertise related to Oracle EPM technical and infrastructure components.
Our ability to know both sides adds value in areas such as environment strategy planning,
product selection, deployment planning and overall infrastructure implementation activities.
• Finit is a member of the Oracle HFM, Planning, FDM and Hyperion Enterprise Customer
Advisory Boards. In this role, we work directly with product development and quality
engineering teams to address future product enhancements.
Finit’s EPM Expertise

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We take client service very seriously and our results are
unmatched in the industry:
Our client service approach has led to 100% customer
satisfaction for every Finit client (142 and counting) for
every project (over 250 and counting).
Finit’s Client Service

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•
Some Finit Clients

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About the Presenter
Angie Apple
(aapple@finitsolutions.com)
• CoͲFounder and Partner of Finit
Solutions
• 13 years of experience
implementing Hyperion products
• HFM Certified Consultant
• Specializes in:
– Focus on Financial Consolidation
and Reporting
– Application Conversions from
Hyperion Enterprise to HFM
– Multiple product design (HFM /
FDM / Essbase / Planning)

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How to Ask a Question

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Purpose of this Webinar
• Review the current HFM releases
• Provide an overview and demo of new features released with HFM
11.1.2 and 11.1.2.1.
• Provide an overview of the new features released with FDM
11.1.2.x.
• Review technical considerations and thirdͲparty compatibility.
• Review some upgrade options through two business cases
• Review some key new functionality with the other Financial Close
Suite products.
• Discuss some expected future enhancements to HFM.

What’s New with HFM
The Finit Solutions Series

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• Oracle Hyperion Financial Management, Fusion Edition, Release
11.1.2.1 was released in early April 2011 and represents the most
current release.
• All major releases are synchronized, so that the ‘supporting’
products (e.g. Smart View, Financial Reporting, FDM, etc) are also
on Release 11.1.2.1.
• Any service fixes between releases will not be synchronized. For
example, you could see an HFM 11.1.2.1.001 service fix without a
corresponding Smart View 11.1.2.1.001 service fix. Only major
releases are kept in sync.
Fusion Edition, Release 11.1.2.1

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• The Fusion Edition, Release 11.1.2.x will remain on Oracle’s
Premier Support until April 2015. Extended support will be
available until April 2018.
• The Fusion Edition, Release 11.1.1.x will remain on Oracle’s
Premier Support until July 2013.
• Premier Support for HFM and FDM 9.3 expires in January 2012.
• Premier Support for HFM and FDM 9.2 and prior has already
expired and those versions are in Sustaining Support.
• Oracle’s Lifetime Support Policy can be found here:
http://www.oracle.com/support/library/brochure/lifetimeͲ
supportͲapplications.pdf
Version Support

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• HFM made some new improvements to the ‘look and feel’ or
user interface in 11.1.2 and 11.1.2.1. One of the main goals
of this was to standardize the interface in data grids and data
forms as well as to integrate HFM into the overall user
interface navigation for Fusion 11.
• Some items include the following:
– New color scheme
– New tab style
– Same available options while in data grids or data forms (e.g. you can
promote a process unit in a form).
HFM User Interface

HFM User Interface Preview

HFM User Interface Demo

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• Extended Analytics can now export a flat file without the header records (it
can now look like a normal HFM data extract on export). You still have
the option of exporting with the header records, but that is messy to parse
to take to other systems.
• No UDL file is needed anymore.
• Starting with 11.1.2, you can use the HFM Copy App utility with classic or
EPMA enabled applications. Prior to 11.1.2 it was not supported for
EPMA enabled applications.
• Starting with 11.1.2 OBI EE 11G can report on HFM data. This includes
dashboard / scorecard reporting using the OBI (Oracle Business
Intelligence) products.
• Fixes for defects were significant: approximately 97 in total are listed in
the 11.1.2.1 release notes.
HFM Admin Improvements

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• Smart View continues to offer major new features and
functionality. Some key new items include the following:
• Version 11.1.2.1 / 11.1.2
– HFM Task List integration with Outlook.
– Improved member selection dialog.
– POV bar enhancements (dragging / dropping, hiding and docking).
– New Smart View panel for managing connections and viewing
available connection components (apps, content and smart slices).
– Dynamic menu toolbars based on your selection.
– Improved Options dialog (including additional new options).
– Smart Slices – preset slices of HFM dimensions.
Smart View Improvements

Smart View Preview

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• Calculation Manager is the graphical business rule module
that is an option for creating HFM rules.
• Calculation Manager introduced some new features in
11.1.2.1:
– Better functionality for sharing objects / components.
– Improved search functionality within Calc Manager rules.
– Improved edit functionality.
• Calculation Manager introduced the following key items in
11.1.2:
– Support for Essbase ASO rules.
– Ability to use Planning smart lists in rule conditions.
– Lifecycle Management integration.
– Ability to create custom Functions.
Calculation Manager

FDM New Features

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• Very minimal new items on FDM as the majority of the focus
went into new features for ERPi. The following exist:
– Migration tool support (officially supported in 11.1.2.1 (available but
unsupported in 11.1.2).
– Same third-party support as HFM.
– Oracle database 11.2
– Office 2010 (32 bit and 64 bit)
• ERPi
– ERPi 11.1.2.1 has the following source system support: PeopleSoft
GL 9.0 & 9.1, Oracle E-Business Suite 11 and 12, PeopleSoft HR 9.0.
– The ERPi task pane was improved in 11.1.2.1 along with some key
data and metadata load rule functionality.
FDM New Features

Technical Details

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• Operating Systems:
– Windows 7 is fully supported for client utilities. XP SP2 and Vista are
as well.
– Server 2008 R2 is now supported. Server 2003 is still supported in
11.1.2.1. HFM continues to support all Operating systems on 32 bit
and 64 bit (this was released in 11.1.1).
• Office Products
– Office 2010 (32 bit only for Smart View), Office 2007, Office 2003
• Browsers
– Internet Explorer 7 & 8 (no support for Internet Explorer 6).
– FireFox 3.5.x (not supported on FDM).
– No Safari or Chrome support.
Third Party Support

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• 11.1.2 only offered Hyperion product compatibility for the
same version (i.e. you could not run Smart View 11.1.2
against HFM 11.1.1.3).
• 11.1.2.1 allows cross-version compatibility for Smart View.
• Smart View (11.1.2.1) is compatible with:
– HFM versions: 11.1.2.x, 11.1.1.3, 9.3.x and 9.2.1
– Financial Reporting versions: 11.1.2.1 only
– FDM / ERPI (for drill-back): 11.1.2.1 only
– Planning / Essbase – same as HFM versions
• Financial Reporting 11.1.2.1 – only against 11.1.2.1 HFM.
• Shared Services / Workspace – no mixed mode. You can
only run 11.1.2.1 Shared Services or Workspace with
11.1.2.1 applications (HFM, Planning, etc).
Product Compatibility

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• http://www.oracle.com/technetwork/middleware/ias/download
s/fusion-certification-100350.html
• Look for Oracle Enterprise Performance Management
section.
Support Documentation

Upgrade Considerations

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• 11.1.2.1 introduces supported migration tool support (11.1.2
was for ‘new’ releases only).
• This applies to the HFM schema conversion utility, which can
convert your HFM relational DB to the most current version.
Once the conversion is complete it will be a mirror of the
exact state it was in the previous version.
• The application rebuild approach is still an option for clients in
11.1.2.1. It was the only option in 11.1.2. This approach
involves creating a new application and extracting / importing
application items / data.
HFM Migration Utilities

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• While 11.1.2.1 does introduce the supported migration tool,
there are some key items to be aware of.
• Oracle introduced a policy of supporting migrations (and
sometimes compatibility) from the latest release on each
version.
• As a result, 11.1.2.1 offers migration tool support for the
following releases only: 11.1.1.3, 9.3.3 and 9.2.1.
• If you are not on the latest release, you will need to patch in
an interim step to perform the migration (i.e. patch 9.3.1 to
9.3.3. to then use the utility to go to 11.1.2.1).
Migration Key Items

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• You have the ability to install 11.1.2.1 on top of 11.1.2.
• During the installation, you select ‘Apply Maintenance
Release’ versus a ‘New installation’.
• You have to do this for all products (i.e. you can’t just do it for
HFM but not FDM).
• You do not need to run the schema migration utility when
doing this.
• From an HFM application standpoint, going from 11.1.2 to
11.1.2.1 is similar to 9.3.1 to 9.3.3 where app conversion is
not required.
11.1.2 to 11.1.2.1

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Case Study #1 (Company is on a later version – 11.1.1.3)
• Option #1 – App Rebuild Approach
– Pros: Ability to remove any clutter and fully test rules against data as
consolidation is needed. No IT DBA required.
– Cons: This approach will be slower and will require more work. No
logs or status are available with this option.
• Option #2 – Schema Migration utility
– Pros: No interim step is needed, thus, this version can be directly
migrated to 11.1.2.1. Will produce a mirrored copy of the
application(s). Logs and status are included.
– Cons: Small risk in not discovering rules differences between
versions. Does require some IT help.
Migration Case Study #1

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Case Study #2 (Company is not on a later version – 9.3.1)
• Option #1 – App Rebuild Approach
– Pros: All pros of case study #1 with the addition of no need for an
interim step. Can extract and convert app items quickly.
– Cons: May still require more work, but it depends on the amount of
data, forms, grids, etc. No logs / status.
• Option #2 – Schema Migration utility
– Pros: Will produce a mirrored copy (including logs / status).
– Cons: Requires interim step to 9.3.3 to run the migration utility. Some
laptop / server needs to be patched from 9.3.1 to 9.3.3 so HFM can be
updated to that version and then taken to 11.1.2.1. More IT work with
this option.
Migration Case Study #2

Key Updates to the other
Financial Close Suite products

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• Financial Close Management (FCM), was released as a new
module in the 11.1.2 release. It focuses on close task
management and status across Oracle EPM applications
(HFM, FDM, Planning, etc). The goal is to help manage the
entire close process for organizations.
• Some key new features added in 11.1.2.1 include:
– Ability to create schedules with a maximum of 2000 tasks. This is a
significant increase over 11.1.2.
– Microsoft Outlook Integration via Smart View. You can view tasks as
well as edit (answer questions, add comments or approve / reject).
– Integration with Lifecycle Management for migration between server
environments.
Financial Close Management

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• Disclosure Management was released as a new module in
the 11.1.2 release. It exists as a toolbar in Office. It focuses
on document creation, particularly XBRL for SEC external
reporting. The goal is to bring XBRL and other report
document package creation in-house.
• Some key new features added in 11.1.2.1 include:
– Improved document properties are available (decimal separators,
prefixes, etc).
– Ability to scale numbers in the XBRL taxonomy mapping.
– Can generate documents in iXBRL (in-line XBRL) format. iXBRL is
currently a format submission requirement for UK tax returns.
Disclosure Management

Expected Roadmap

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• Finit Solutions is a separate organization from Oracle Corporation,
and the views and roadmap items in this document are Finit’s
views and understanding based upon its experience and expertise
in the products.
DISCLAIMER!

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• Enhanced usability and navigation are key development concentrations
for the product team.
• HFM is expected to be released with a brand new user interface within
the next couple of releases.
• Similar to the 11.1.2 release of Hyperion Planning, it is expected to
include a few key components:
– User Interface will incorporate Oracle’s ADF standard. This is the same
standard that Hyperion Planning and Financial Close Management use in
11.1.2. From a user perspective, it will lead to increased filtering and
navigation.
– Continued enhancements and merging of data grids / data forms with
improved printing. Similar to Hyperion Enterprise Reporting Schedules (data
entry and printing ability).
– Improved navigation in the Journals module.
Roadmap Ͳ Usability

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• In addition to the enhanced usability components, HFM is
expected to enhance core product functionality:
– Expandable dimensionality: HFM is expected to have the ability to
move away from the standard 4 custom dimensions to expand, as
necessary, to additional dimensions.
– Enhanced cell text to take on some line item detail type functionality.
– Continued improvement with Journal integration into other systems.
– Enhanced ‘Classic’ metadata features including moving HFM ‘Classic’
administration to the web and including filtering and search.
• Other items (product TBD)
– Unstructured information / schedules
– Account Reconciliation
Roadmap Ͳ Core

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• Oracle is investing significantly in improved and enhanced
reporting solutions out of HFM. Some expected reporting
features expected in future releases include:
– Tighter OBI EE Integration – OBI EE is the strategic product for Oracle
related to dashboard and scorecard reporting (Financial Reporting is
still strategic for financial reporting).
– Continued tighter integration with Office
• The new functionality related to HFM Task Lists in Office is very promising
and continued accessibility to tasks and status both in the browser views
and in Office products is expected.
• Some key Disclosure Management items will be valuable to
HFM users:
– Cross-Footing and Smart Rounding
– Document collaboration and approval workflow
Roadmap Ͳ Reporting

Future Webinars & Contacts

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Dates to be Announced
• Hyperion Planning & Essbase 11.1.2.1: New Features, Fixes, and
Functionality
• Troubleshooting Tips for HFM and FDM
• Troubleshooting Tips for Essbase and Planning
• Introduction to Financial Close Management
• HFM for the Tax Department
To register, or to view past sessions, go to:
www.finitsolutions.com/Insights_Webcast.html
Upcoming Webinars

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Questions?
Email us for a
copy of the slides or
link to the recording.
Finit Contacts
insights@finitsolutions.com
Ͳ> Angie Apple
aapple@finitsolutions.com
215.651.4661
Ͳ> Ed DeLise
edelise@finitsolutions.com
678.296.3611
Ͳ>Joe Mizerk
jmizerk@finitsolutions.com
919.349.5029

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