Financial Reporting

Oracle Financial Reporting

AstralTech Solutions implements all reporting products in the Hyperion Enterprise Performance Management suite, including

  • Hyperion Financial Reporting (FR)
  • Smart View
  • Retrieve, Essbase Excel add-in and Excel VBA
  • Hyperion Reports
  • Web Analysis.

AstralTech‘s consultants’ backgrounds in finance and accounting, combined with our expertise within the Oracle Hyperion suite of reporting products, make us uniquely qualified to assist and advise clients with their reporting requirements. AstralTech brings a wealth of experience in external SEC reporting, tax reporting and internal management reporting, which means that we can design and develop your organization’s reports quickly and efficiently.

The quality of your Financial Reporting reports is a large part of your organization’s perception of HFM and Essbase, because many users (especially those in high-level management positions) only interact with those reports. Therefore, it is critical to make sure that the Financial Reporting reports are clean, accurate, and intuitive.

By applying best practices to your Financial Reporting reports, you can significantly improve the end-users’ experience with HFM while also reducing the maintenance workload on your corporate consolidations and reporting team. Our FR expert consultants use advance functionality available in report includes formatting options, advanced formulas, cell text display, creating reports that are more dynamic and by simplifying maintenance of reports, reports security, including how Financial Reporting object security interacts with Shared Services user provisioning

Oracle Hyperion Financial Reporting

Oracle Hyperion Financial Reporting is a management reporting tool that transforms data into meaningful business information through highly formatted reports. Planning users can use Financial Reporting to manage reporting tasks and implement plan review and analysis. Users can create reports featuring text, grids of data, charts, graphs, and images. They can use real-time, ad hoc variance reporting, and produce a variety of sophisticated financial reports that can be viewed online or printed with production-quality formatting.

Benefits:

Deliver the Data
Different financial stakeholders demand different information in different formats and with different delivery requirements—a reality that can translate into a nightmare if you’ve been tasked with preparing reports to distribute the information. With Oracle Hyperion Financial Reporting, this doesn’t have to be the case. One of the modules included in both Oracle Business Intelligence Suite Enterprise Edition Plus, and Oracle’s Hyperion performance management applications, Oracle Hyperion Financial Reporting turns enterprise data into operational insights by creating book-quality financial reports in a variety of formats for a range of audiences. Compliant with all regulations and external requirements, these easy-to-generate reports can be delivered at once or scheduled for later distribution—enhancing your organization’s financial planning, management, and control. Best of all, this can all be done with minimal involvement from your IT staff. Even the most non-technical users can employ Oracle Hyperion Financial Reporting to:

  • Schedule reports for online delivery
  • Send e-mail alerts when reports are ready to view
  • Create and save batches of reports in a repository or as HTML or PDF files
  • Schedule regular reports (daily, weekly, and so on)
  • Create books of related reports

Provide Flexible Output and Delivery
Using Oracle Hyperion Financial Reporting, you’ll be able to produce boardroom-quality presentations that can be delivered in a variety of formats (including HTML, PDF, Microsoft Office and mobile devices) and distributed either as live data or as static snapshots of data at specific points in time. Employing a standard Web browser, users will be able to interact with your data by changing report selections, page members, and navigation options. In short, all of your vital business information will be disseminated without burdening viewers with the mechanics of the process.

Provide Flexible Output and Delivery
Using Oracle Hyperion Financial Reporting, you’ll be able to produce boardroom-quality presentations that can be delivered in a variety of formats (including HTML, PDF, Microsoft Office and mobile devices) and distributed either as live data or as static snapshots of data at specific points in time. Employing a standard Web browser, users will be able to interact with your data by changing report selections, page members, and navigation options. In short, all of your vital business information will be disseminated without burdening viewers with the mechanics of the process.

Ensure Timeliness and Accuracy
To produce accurate and timely financial reports, you must be able to draw on the most up-to-date data. Oracle Hyperion Financial Reporting makes this possible by enabling users to access and analyze data from a variety of sources (regardless of how it’s stored). For example, managers can look into the information stream to view live data, and users can employ an object-oriented design tool to drag-and-drop objects (which are automatically updated as they are changed). A centralized data server ensures that all users and reports draw from “a single version of the truth.”

Access Multidimensional Data
Using Oracle Hyperion Financial Reporting, you’ll be able to access Oracle’s Hyperion enterprise performance management multidimensional data sources and Oracle Fusion Financials.

Automate Report Production and Delivery
Oracle Hyperion Financial Reporting makes it possible for you to generate multiple reports—in a scheduled environment—from single report structures. As a result, your organization will be able to reduce the financial burden of producing costly duplicate reports.

Annotate and Collaborate
You can add text commentary on any report in Oracle Hyperion Financial Reporting. It works like a “chat room” where end users can collaborate about the report or report contents. Comments can be left in the report or suppressed and a permanent audit trail of the commentary is created.

Financial Close and Disclosure Management
Oracle Hyperion Financial Close and Oracle Hyperion Disclosure Management applications leverage Oracle Hyperion Financial Reporting in a number of important ways. In Oracle Hyperion Financial Close Management, users can create reporting tasks that execute automatically or by selecting the task manually. In addition, Oracle Hyperion Financial Reporting can be a source for Oracle Hyperion Disclosure Management regulatory reporting in Microsoft Word. It’s now easier than ever to merge formatted tables from Oracle Hyperion Financial Reporting with unstructured content in Microsoft Word for creation of an SEC report like a 10k or 10q or an XBRL instance document.

Manage Applications from a Single Foundation
Oracle Hyperion Financial Reporting leverages Oracle’s EPM Foundation Services to provide common services upon which companies can create, deploy, and manage enterprise performance management applications in one place. The service components included with Oracle Hyperion Financial Reporting are Oracle Enterprise Performance Management Workspace, Oracle Hyperion Smart View for Office, and Oracle’s Hyperion Shared Services; these components are responsible for user management, single sign-on, shared security, and authentication.

HIGHLY FORMATTED, BOOK-QUALITY FINANCIAL AND MANAGEMENT REPORTS KEY FEATURES
  • Generally accepted accounting principles-compliant report production
  • Multiple output options (including Web, PDF, Microsoft Office and mobile devices)
  • Flexible scheduling
  • Alerts
  • Report annotations
  • Multiformat publishing
  • Financial close process integration
  • Disclosure management process integration
  • Broad EPM and BI application support
KEY BENEFITS
  • Automated report production
  • Wide format variety
  • Worldwide distribution
  • Flexible, scalable architecture
  • Minimal IT engagement
  • Access to timely, accurate data
  • Collaboration and efficiency