HFM is the best consolidation tool out there in market today. Until 2007, it was a product of the Company “Hyperion” later Oracle Corporation acquired Hyperion Solutions Corporation and as of 2009 it markets it as “Oracle Hyperion Financial Management.”
Hyperion launched this product in the year 2000. From 2000 to 2004, Hyperion released many versions with enhancements and its user community also grew. But it got more attention only after 2007 - after oracle acquisition. Soon after the acquisition Oracle Corporation had bundled Hyperion BI tools into Oracle Business Intelligence Enterprise Edition Plus. This integrated suite included all of the Oracle and Hyperion reporting and analysis tools. Later in 2008, all Hyperion products came under one umbrella “Oracle Enterprise Performance Management and Business Intelligence”. Hyperion Financial Management (HFM), Hyperion Planning are Oracle performance management tools and ESSBASE is one of the Oracle Business Intelligence tool, like OBIEE etc.
WHY HFM?
Because...
• Includes 12 “smart” dimensions
• Complete audit trails and other controls
• Smart Dimensionality
• Versatile scenario management
• Powerful, easy to use reporting and analysis tools
• Patented financial consolidation software and financial statement software features
• Web-based architecture
• Data integration tools and adapters
• Industry-standard tools and API's for extensibility
In one sentence, it is a highly scalable, comprehensive, web-based application that delivers global financial consolidation and reporting.
