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Oracle OpenWorld 2014: EPM (Hyperion) News
Posted on October 10, 2014
Author: Chuck Persky, Performance Architects

I recently returned from Oracle OpenWorld, and, as expected, Oracle’s leadership highlighted one clear theme: CLOUD, CLOUD, and CLOUD!  This theme was a central focus for the Oracle EPM (Hyperion) news at the show as well.

Oracle Planning and Budgeting Cloud Service (PBCS) News

Oracle Planning and Budgeting Cloud Service (PBCS) was a main highlight in the Oracle EPM arena. In just a mere six months, PBCS has grabbed significant attention for its ability to provide enterprise planning and reporting through a Software as a Service (SaaS), subscription-based model, utilizing the framework of traditional Hyperion Planning in the cloud. Many organizations already made the leap into using this offering, with the intent of implementing solutions through a rapid deployment model without significant capital investments…and without use of IT resources.

I learned that Oracle will be expanding PBCS functionality with the next EPM release, V11.1.2.4. This release will provide several of the Planning modules for optional use with a PBCS subscription. These modules include Workforce Planning (WFP), Capital Expenditures Planning (CapEx), and Project Financial Planning (PFP). In addition, Oracle’s team announced that they will launch other SaaS EPM components (such as Hyperion Financial Management  or HFM) in the not so distant future. The goal is to keep versioning and functionality between EPM on-premise and cloud based solutions in synch. To this point, the upcoming will offer new functionality via both types of deployment models:

Oracle Hyperion Planning Version News

Oracle Hyperion Planning will offer the long-awaited “valid member combinations!” This means that Planning forms and Smart View input templates will filter drop down list content based on a list’s relationship to members in other drop down lists. Other additions will include a private sandbox for each user, and “usage” statistics for Planning components.

Oracle Hyperion Financial Management (HFM) Version News

In the HFM arena, the theme at the conference was lighter, faster, simpler, and portable. With the new version, HFM users should expect increased performance. It is believed that new government regulations may require HFM to capture more detail across an increased amount of dimensions. To this end, Oracle believes that performance and process time will be a key consideration to the future of HFM and the financial close process. Other additions include “mobile” capabilities. Specifically, this upcoming version will offer users the ability to execute workflow tasks in “Financial Close Management” through a mobile application interface.

Financial Data Management Enterprise Edition (FDMEE) News

One of the biggest EPM takeaways was in the data integration arena; specifically, Oracle detailed that FDMEE is the “go-forward” data integration tool for all things EPM. In the upcoming version, FDMEE will be able to utilize EPM applications as the source of data (instead of as the traditional target only). The ability to source both master data and financial data to/from EPM applications allow this component to serve as the true flagship EPM data integration tool. It should be understood that with the new version of EPM, Oracle will be discontinuing the “data synch” capabilities in EPMA, and also discontinuing the ODI knowledge modules for Hyperion Planning. These changes truly show that FDMEE is the go-forward EPM data integration tool.

Unfortunately, I was not on hand for Aerosmith at the conference finale, but managed to enjoy myself in San Francisco nonetheless. As always, the conference was packed full of people, information, and fun. As expected, this year proved to be an excellent venue for the Oracle EPM community. I’m looking forward to next year.

Want to access Performance Architects’ presentations from OpenWorld this year?  Go here.

Author: Chuck Persky, Performance Architects


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