Oracle Announces New Release of Hyperion Enterprise Performance Management

oracle_logo120.pngCalifornia software giant Oracle is releasing a new version of its Hyperion Enterprise Performance Management (EPM) suite. According to Oracle, version will incorporate important updates and enhancements to its user experience and administration features, reinforcing better integration with enterprise resource planning (ERP) applications.

Oracle’s new Hyperion offering will incorporate new modules such as data relationship governance as well as a complete suite of integrated applications for strategy management, planning and forecasting, and reporting, with improved mechanisms for data analysis.

The new Hyperion EPM offering includes Oracle Hyperion Profitability and Cost Management, which is certified to run on Oracle Exalytics In-Memory Machine and is pre-configured to enable multidimensional reporting, and new out-of-the-box capabilities for detailed planning and reporting with Oracle Hyperion Planning.

Hari Sankar, vice president of product management at Oracle, had this to say:
To unlock the potential in their business, finance executives and operating managers need agile planning processes, better insights into profitability, and real-time visibility into financial and operating performance. The new release of Oracle’s Hyperion Enterprise Performance Management applications continues to deliver on our vision of providing best in class functionality, in an integrated and modular suite, that integrates seamlessly with Oracle and SAP ERP applications to enable more agile decision-making.

One of the most interesting trends in the EPM space is the inclusion of out-of-the-box  capabilities for an increasing number of advanced tasks as well as for specific industries and lines of business. This combination of technical and business expertise can greatly ease the burden of deploying these solutions.

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