Consolidating in Oracle HFM

HFM (Oracle Hyperion Financial Management) simplifies the consolidation and (external) reporting processes within your organization, giving you more time and attention to other matters of financial control.

The benefits a consolidation solution

With the right consolidation software, you can make great strides in the reliability, speed and effectiveness of the reporting and consolidation process within your organization. With the implementation of a new consolidation solution, you achieve the following benefits:

1. Faster financial close cycles (fast close).
2. Easier to create consistent multi-GAAP and IFRS reports.
3. Less error-prone and one SOx and auditor proof version of the truth.
4. Greater understanding of data origin.
5. Higher productivity of financials.

The benefits of HFM

The number of entities to consolidate within HFM ranges from five to well over a thousand. Is your consolidation less complex? Oracle Hyperion has also been interesting for relatively "smaller" and "less complex" organizations for a number of years due to a change in licensing policy. This makes Oracle Hyperion Financial Management a scalable and cost-effective solution for any consolidation.

In addition, Oracle Hyperion Financial Management has standard features such as Intercompany matching, an audit trail and equity reconciliation. This allows you to steer faster and manage your risks better.

Many organizations, both worldwide and in the Netherlands, have already successfully implemented this solution and with it got a better grip on the story behind the numbers, set up an efficient process and realized significant time and cost savings, freeing up more time for analyzing the numbers.