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Oracle Hyperion Finan The group (corporate) reporting function h since the introduction of the Sarbanes Oxl compliance has increased over this period close including the breath and timescale fo the way reports are filed with the introduct The Financial Close Challenge Corporate or group reporting has been subject t introduction of the Sarbanes Oxley Act in 2002. from the work of the legislators applying increas way and the content that businesses report to th does not just relate to financial results but has b financial and sustainability information, and has Reporting which in itself has significant financia regulatory requirements is the continual challen close process and reduce both the effort and tim If organizations are to deliver the fast and accur stakeholders and regulatory bodies they need to entire ‘extended’ financial close process. While adhere to good governance practices and be tra recognize that the ‘close’ begins with sub ledge statutory filings and therefore are adopting integ address this entire process. In fact, they are goi Governance, Risk and Compliance (GRC) solut is not just fast but applies governance and is ful helps organizations create a finely tuned and w world class financial close. Oracle’s Solution The Oracle Hyperion Financial Close Suite prov extended financial close and reporting processe stakeholders in a timely and accurate manner a visibility, and transparency into the financial clos and reporting cycle that enables management t report to stakeholders. The Oracle Hyperion Financial Close Suite (figu consolidation and reporting functionality as well ncial Close Suite has been challenged continuously ley Act in 2002. Regulation and d for many aspects of the financial or reporting and most recently in tion of XBRL to incessant change since the . No major jurisdiction has been exempt sed controls and requirements on the heir stakeholders. Furthermore, this been extended to the reporting of non s recently added Carbon Emission al implications. In addition to these nge to streamline the entire financial me it takes to complete. rate financial close required by o be able to control and improve the doing this, organizations also need to ansparent. Leading organizations ers and ends with the delivery of grated financial close solutions that ing further by integrating with their tions to ensure the finance department lly transparent along the way. This well oiled process that delivers a truly vides an integrated solution for the es. It allows organizations to report to and provides a level of governance, se to be confident in the numbers they ure 1) includes core financial l as purpose-built modules to manage “Almost 70% o it is very chal different need stakeholders EY REPORT: CO RESPONDING T STAKEHOLDER ORACLE BRIEF of respondents agree that llenging to satisfy the ds of external s with corporate reporting.” ONNECTED REPORTING - TO COMPLEXITY AND RISING R DEMANDS 2014

Hyperion Finance Close Suite Brief 516621

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Page 1: Hyperion Finance Close Suite Brief 516621

Oracle Hyperion Financial Close Suite

The group (corporate) reporting function has been challenged continuously

since the introduction of the Sarbanes Oxley Act in 2002. Regulation

compliance has increased over this period for many aspects of the financial

close including the breath and timescale for reporting and most recently in

the way reports are filed with the introduction of XBRL

The Financial Close Challenge

Corporate or group reporting has been subject to incessant change since the

introduction of the Sarbanes Oxley Act in 2002. No major jurisdiction has been exempt

from the work of the legislators applying increased controls and requirements on the

way and the content that businesses report to their stakeholders. Furthermore, this

does not just relate to financial results but has been extended to the reporting of non

financial and sustainability information, and has recently added Carbon Emission

Reporting which in itself has significant financial implications. In addition to these

regulatory requirements is the continual challenge to streamline the entire financial

close process and reduce both the effort and time it takes to complete.

If organizations are to deliver the fast and accurate financial close required by

stakeholders and regulatory bodies they need to be able to control and improve the

entire ‘extended’ financial close process. While doing this, organizations also need to

adhere to good governance practices and be transparent. Leading organizations

recognize that the ‘close’ begins with sub ledgers and ends with the delivery of

statutory filings and therefore are adopting integrated financial close solutions that

address this entire process. In fact, they are going further by integrating with their

Governance, Risk and Compliance (GRC) solutions to ensure the finance department

is not just fast but applies governance and is fully transparent along the way. This

helps organizations create a finely tuned and well oiled process that delivers a truly

world class financial close.

Oracle’s Solution

The Oracle Hyperion Financial Close Suite provides an integrated solution for the

extended financial close and reporting processes. It allows organizations to r

stakeholders in a timely and accurate manner and provides a level of governance,

visibility, and transparency into the financial close

and reporting cycle that enables management to be confident in the numbers they

report to stakeholders.

The Oracle Hyperion Financial Close Suite (figure 1) includes core financial

consolidation and reporting functionality as well as purpose

Oracle Hyperion Financial Close Suite

The group (corporate) reporting function has been challenged continuously

since the introduction of the Sarbanes Oxley Act in 2002. Regulation and

compliance has increased over this period for many aspects of the financial

close including the breath and timescale for reporting and most recently in

the way reports are filed with the introduction of XBRL

Corporate or group reporting has been subject to incessant change since the

introduction of the Sarbanes Oxley Act in 2002. No major jurisdiction has been exempt

from the work of the legislators applying increased controls and requirements on the

he content that businesses report to their stakeholders. Furthermore, this

does not just relate to financial results but has been extended to the reporting of non

financial and sustainability information, and has recently added Carbon Emission

ich in itself has significant financial implications. In addition to these

regulatory requirements is the continual challenge to streamline the entire financial

close process and reduce both the effort and time it takes to complete.

o deliver the fast and accurate financial close required by

stakeholders and regulatory bodies they need to be able to control and improve the

entire ‘extended’ financial close process. While doing this, organizations also need to

practices and be transparent. Leading organizations

recognize that the ‘close’ begins with sub ledgers and ends with the delivery of

statutory filings and therefore are adopting integrated financial close solutions that

t, they are going further by integrating with their

Governance, Risk and Compliance (GRC) solutions to ensure the finance department

is not just fast but applies governance and is fully transparent along the way. This

ned and well oiled process that delivers a truly

The Oracle Hyperion Financial Close Suite provides an integrated solution for the

extended financial close and reporting processes. It allows organizations to report to

stakeholders in a timely and accurate manner and provides a level of governance,

visibility, and transparency into the financial close

and reporting cycle that enables management to be confident in the numbers they

cle Hyperion Financial Close Suite (figure 1) includes core financial

consolidation and reporting functionality as well as purpose-built modules to manage

“Almost 70% of respondents agree that

it is very challenging to satisfy the

different needs of external

stakeholders with corporate reporting.”

EY REPORT: CONNECTED RE

RESPONDING TO COMPLE

STAKEHOLDER DEMANDS

O R AC L E B R I E F

“Almost 70% of respondents agree that

it is very challenging to satisfy the

different needs of external

stakeholders with corporate reporting.”

REPORT: CONNECTED REPORTING -

RESPONDING TO COMPLEXITY AND RISING

STAKEHOLDER DEMANDS 2014

Page 2: Hyperion Finance Close Suite Brief 516621

Copyright © 2015, Oracle and/or its affiliates. All rights reserved. Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

the entire financial close process and to create and submit regulatory filings. The

modules can be easily configured to address specific organizational financial close

requirements as well as local and global regulatory legislation.

A Complete Financial Close Suite

The Oracle Hyperion Financial Close Suite includes the following modules:

Oracle Hyperion Financial Management is a financial consolidation and reporting

application that supports global accounting and statutory reporting requirements

including intercompany eliminations, multicurrency translations, and minority interest

calculations. Standards supported include US GAAP, IFRS, and local statutory

requirements. It adds value to single or multi-instance ERP environments,

consolidating and reporting financial as well as non

sustainability reporting and other requirements.

Oracle Hyperion Financial Close Management

application that supports the management of period

account reconciliation and the collection of supplemental data

financial close cycle. It helps manage and automate any task associated with the

extended financial close.

Control

Close

Management

Hierarchy

Governance

Tax Provisioning, Sustainability Reporting, Industry Regulatory

Reconciliations Supplemental

Data

Finance

Dashboard

Support

Integrated Processes

Data S ources Data Assurance Consolidations

Execution

The Extended Financial Close

, Oracle and/or its affiliates. All rights reserved. Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners. 0115

the entire financial close process and to create and submit regulatory filings. The

sily configured to address specific organizational financial close

requirements as well as local and global regulatory legislation.

A Complete Financial Close Suite

The Oracle Hyperion Financial Close Suite includes the following modules:

is a financial consolidation and reporting

application that supports global accounting and statutory reporting requirements

including intercompany eliminations, multicurrency translations, and minority interest

ds supported include US GAAP, IFRS, and local statutory

instance ERP environments,

consolidating and reporting financial as well as non-financial information needed for

rements.

Oracle Hyperion Financial Close Management is a centralized, web-based

application that supports the management of period-end close activities, including

and the collection of supplemental dataacross the extended

financial close cycle. It helps manage and automate any task associated with the

“Complex organizations recognize they

need to take active steps to

standardize and optimize their

business.”

ACCENTURE 2014 HIGH

FINANCE STUDY: THE C

OF BUSINESS VALUE

egulatory Reporting, S olvency II, etc.

Supplemental

Consolidations Management

& Analytical

Reporting

Compliance &

Statutory

Reporting

O R AC L E B R I E F

“Complex organizations recognize they

need to take active steps to simplify,

standardize and optimize their

ACCENTURE 2014 HIGH PERFORMANCE

FINANCE STUDY: THE CFO AS ARCHITECT

OF BUSINESS VALUE

Page 3: Hyperion Finance Close Suite Brief 516621

Copyright © 2015, Oracle and/or its affiliates. All rights reserved. Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Oracle Hyperion Financial Data Quality Management

integrating data from source systems that can be managed

users. It helps develop standardized financial data management processes with a

guided workflow user interface. Both financial and non

collected and consolidated so sustainability reporting can be undert

financial reporting with the same degree of accuracy and auditability.

Oracle Hyperion Financial Reporting is an end user oriented, production reporting

tool that turns enterprise data into operational insights by creating book

financial reports in a variety of formats for a wide range of audiences.

Oracle Hyperion Smart View for Office provides seamless integration with Microsoft

Excel, Word and PowerPoint for those who prefer

interface for data entry, reporting and analysis.

Oracle Essbase Analytics Link for Hyperion Financial Management

delivery of effective management and financial analytic reporting to a broad user

community. It allows users to create and automatically populate Ora

with financial results, which can be combined with operational information and

accessed by managers through a variety of reporting tools.

The suite also includes a restricted use license for

management reporting in conjunction with the planning applications. Additional

modules that can be added to the suite include;

Oracle Hyperion Disclosure Management is an application designed to "demystify"

the creation of XBRL-based documents. Featuring deep integration with

Oracle financial reporting tools, it is the easiest and most straight forward approach to

XBRL reporting for Oracle’s enterprise performance management and ERP

customers.

Oracle Financial Management Analytics integrates data from Oracle Hyperion

Financial Management and Oracle Hyperion Financial Close Management to provide

senior finance executives with visibility and insight into the status of the close process,

as well as their financial results.

Oracle Hyperion Data Relationship Management

used to manage complex, hierarchical enterprise dimensions in a unified environment,

and to align those dimensions across a range of operational, transactional and

analytical systems.

Oracle Insurance Quantitative Management and Reporting for Hyperion

Financial Management is a flexible reporting solution for Solvency II as specified by

the European Insurance and Occupational Pensions Authority (EIOPA).

Sustainability Reporting Starter Kit for Oracle Hyperion Financial Manag

a pre-built application leveraging the Global Reporting Initiative (GRI) framework for

environmental, social and economic reporting to external stakeholders that accelerates

time to value for organizations that use Oracle Hyperion Financial Manage

Japan Statutory Starter Kit for Oracle Hyperion Financial Management

built application providing Japanese GAAP and IFRS reporting capabilities, which

accelerates time to value for organizations that report in Japan and use Oracle

Hyperion Financial Management.

, Oracle and/or its affiliates. All rights reserved. Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners. 0115

Oracle Hyperion Financial Data Quality Management is a packaged solution for

integrating data from source systems that can be managed and operated by finance

helps develop standardized financial data management processes with a

guided workflow user interface. Both financial and non-financial information can be

eporting can be undertaken along-side

eporting with the same degree of accuracy and auditability.

is an end user oriented, production reporting

tool that turns enterprise data into operational insights by creating book-quality

ncial reports in a variety of formats for a wide range of audiences.

provides seamless integration with Microsoft

who prefer to use the familiar Microsoft Office

Oracle Essbase Analytics Link for Hyperion Financial Management enables the

delivery of effective management and financial analytic reporting to a broad user

community. It allows users to create and automatically populate Oracle Essbase cubes

with financial results, which can be combined with operational information and

accessed by managers through a variety of reporting tools.

The suite also includes a restricted use license for Oracle Essbase to enable

n conjunction with the planning applications. Additional

modules that can be added to the suite include;

is an application designed to "demystify"

based documents. Featuring deep integration with existing

Oracle financial reporting tools, it is the easiest and most straight forward approach to

XBRL reporting for Oracle’s enterprise performance management and ERP

integrates data from Oracle Hyperion

inancial Management and Oracle Hyperion Financial Close Management to provide

senior finance executives with visibility and insight into the status of the close process,

Oracle Hyperion Data Relationship Management is a best-of-breed application

used to manage complex, hierarchical enterprise dimensions in a unified environment,

and to align those dimensions across a range of operational, transactional and

nt and Reporting for Hyperion

is a flexible reporting solution for Solvency II as specified by

the European Insurance and Occupational Pensions Authority (EIOPA).

Sustainability Reporting Starter Kit for Oracle Hyperion Financial Management is

built application leveraging the Global Reporting Initiative (GRI) framework for

environmental, social and economic reporting to external stakeholders that accelerates

time to value for organizations that use Oracle Hyperion Financial Management.

Japan Statutory Starter Kit for Oracle Hyperion Financial Management is a pre-

built application providing Japanese GAAP and IFRS reporting capabilities, which

accelerates time to value for organizations that report in Japan and use Oracle

‘In Oracle’s Customer Value Index

Study, customers

Hyperion Financial Close solution, on

average, reported that they spent 26%

less time creating external financial

reporting after implementing the

solution. Also, customers stated they

made 36% fewer monthly, manual

adjustments after imple

solution.’

ORACLE CUSTOMER VALU

O R AC L E B R I E F

‘In Oracle’s Customer Value Index

Study, customers using the Oracle

Hyperion Financial Close solution, on

average, reported that they spent 26%

less time creating external financial

reporting after implementing the

solution. Also, customers stated they

made 36% fewer monthly, manual

adjustments after implementing the

ORACLE CUSTOMER VALUE INDEX STUDY

Page 4: Hyperion Finance Close Suite Brief 516621

Copyright © 2015, Oracle and/or its affiliates. All rights reserved. Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

The Oracle Hyperion Financial Close Suite and additional modules utilize today's most

advanced technology, yet are built to be owned and maintained by the enterprise's

finance team.

Streamlining the Financial Close

The Oracle Hyperion Financial Close Suite is a modular, integrated suite of

applications designed to streamline the entire financial close while improving the

accuracy and reliability of financial and non-financial data delivered to all stakeholders.

The suite can be deployed on-premise or in the cloud through Oracle On

variety of hosting partners. It can be implemented using in

assistance of Oracle Consulting Services or a global network of Oracle

consulting partners.

Part of Oracle’s Enterprise Performance Management Applications

Oracle Enterprise Performance Management Applications support a broad range of

strategic and financial performance management processes to enable management

excellence. Part of Oracle’s enterprise performance management system, these

applications can be quickly deployed out of the box, extended with Oracle’s business

intelligence product family and tailored to meet an organization's specific needs.

Oracle Enterprise Performance Management Applications incl

the following requirements:

» Strategy Management

» Financial Close and Reporting

» Enterprise Business Planning

» Profitability and Cost Management

» Enterprise Data Management

Oracle Enterprise Performance Management Applications are a

integrated applications that integrate with both Oracle and non

systems. Each application can be deployed independently and delivers a high degree

of value, but they work better together, integrating strategic, financi

management processes while delivering a low cost of deployment and ownership.

, Oracle and/or its affiliates. All rights reserved. Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners. 0115

The Oracle Hyperion Financial Close Suite and additional modules utilize today's most

advanced technology, yet are built to be owned and maintained by the enterprise's

Financial Close Suite is a modular, integrated suite of

applications designed to streamline the entire financial close while improving the

financial data delivered to all stakeholders.

premise or in the cloud through Oracle On-Demand or a

variety of hosting partners. It can be implemented using in-house staff or with the

assistance of Oracle Consulting Services or a global network of Oracle-certified

Performance Management

Performance Management Applications support a broad range of

strategic and financial performance management processes to enable management

ance management system, these

applications can be quickly deployed out of the box, extended with Oracle’s business

intelligence product family and tailored to meet an organization's specific needs.

Performance Management Applications include products to support

Performance Management Applications are a modular suite of

integrated applications that integrate with both Oracle and non-Oracle transactional

systems. Each application can be deployed independently and delivers a high degree

of value, but they work better together, integrating strategic, financial, and operational

management processes while delivering a low cost of deployment and ownership.

C O N N E C T W I T H U S

blogs.oracle.com/oracle

facebook.com/oracle

twitter.com/oracle

oracle.com

F O R M O R E I N F O R M A T I O N

Contact: 1.800.ORACLE1

O R AC L E B R I E F

C O N N E C T W I T H U S

blogs.oracle.com/oracle

facebook.com/oracle

twitter.com/oracle

oracle.com

F O R M O R E I N F O R M A T I O N

1.800.ORACLE1