Home » Remote Investing Insights » Is Hyperion an Erp?

Is Hyperion an Erp?

Sarah Jenkins • • 5 min read
Is Hyperion an Erp?
Oracle Hyperion Financial Close Suite has the Oracle Hyperion Smart View for Microsoft Office add-in which supports dynamic calls from Microsoft Word into Oracle Hyperion Financial Management. Traditional transaction-based systems (ERP or GL systems) were not designed to support performance management processes.

.

In respect to this, what is Hyperion software used for?

Oracle Hyperion Financial Management is a comprehensive, Web-based application that delivers global financial consolidation, reporting and analysis in a single, highly scalable software solution.

Also Know, what is Hyperion Planning? Oracle Hyperion Planning is a centralized, Excel and Web-based planning, budgeting and forecasting solution that integrates financial and operational planning processes and improves business predictability.

In this regard, is Hyperion a database?

The database that allows you to access data very quickly is Hyperion. It aims to support improved business decision-making and Business Intelligence. Therefore, a BI system can be titled as a decision support system (DSS).

What is Hyperion financial reporting?

Oracle Hyperion Financial Reporting, Fusion Edition (Financial Reporting) enables book-quality financial management and reporting targeted at meeting the unique requirements of the Finance department or any functional area that requires very highly formatted multidimensional reporting.

Related Question Answers

Is Essbase a relational database?

Essbase is a multidimensional database management system (MDBMS) that provides a multidimensional database platform upon which to build analytic applications. Essbase, whose name derives from "extended spreadsheet database", began as a product of Arbor Software, which merged with Hyperion Software in 1998.

What does HFM mean in accounting?

Oracle Hyperion Financial Management
Sarah Jenkins
Author

Sarah Jenkins

Sarah Jenkins is a veteran tech journalist with over 12 years of experience covering artificial intelligence, mobile innovations, and digital ethics. Her insights have appeared in leading technology publications worldwide.