Consolidate entity general ledgers into one group of financial statements quickly, report financials with assurance and meet the ever growing demand for management reporting information with Hyperion Financial Management. In times of corporate uncertainty, faster, accurate and clear financial reporting is a must. Finance executives are under pressure to close the books quickly often using spreadsheets that can be problematic to control, audit and errors. Our solutions remove the significant risks and disadvantages of spreadsheets, while still enabling dynamic reporting capabilities through direct links with the Microsoft Office suite.
Oracle Hyperion Financial Management (HFM)
Oracle’s Hyperion Financial Management provides industry leading software delivering global data collection (from various sources), financial consolidation, reporting and analysis in multiple statutory reporting formats; along with the reconciliation of differences among the standards – in one version of the truth. It supports:
- US GAAP and IFRS Reporting
- Audit Trails
- Intercompany Consolidation and Elimination
- Foreign Exchange Translations
HFM is a finance-owned, IT-supported system that allows your organization to quickly drill into the source of data, adapt to rapidly changing regulations and tracks those changes to provide transparency and visibility for auditability of financial statements.
- Integration: HFM integrates with the entire Hyperion stack along with your existing IT infrastructure
- Efficiency: because it is owned and maintained by finance, redundant data entry and the need to check and double-check results is eliminated; accelerating consolidation and reporting cycles by days—or even weeks.
- Reduce the cost of compliance: and increase confidence in the numbers by reducing the control risks
- Deliver a single truth: HFM ensures that all data is integrated and validated into a single version of the truth
- MS Office Integration: While HFM is a web software application, it has an add-in with Microsoft Office (called Smart View) which allows users to view, import, manipulate, distribute and share data in Microsoft Excel, Word and PowerPoint.
Codec solutions deliver financial reports in a single version of the truth. They address the age-old challenges of multi-transactional systems with multi- currency, IFRS compliance, intercompany eliminations and accounting for proportional holdings. Additionally, large-scale mergers and acquisitions can be integrated into HFM by the creation of model.
Codec HFM offerings
- Hyperion Financial Management implementation
- Transformation from Hyperion Enterprise to HFM
- Redesigns of existing HFM applications to provide enhanced functionality
- Managed Services
Codec HFM Training Course