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Oracle Hyperion to be available next week

The next upgrade to Oracle Hyperion,, will be generally available next week. Here a few of the new features.

Hyperion will be generally available next week, according to Oracle officials outlining the Hyperion roadmap this week.

The new release is not as major as, but there are still a couple key takeaways. Those include:

  • Support for aggregate storage (ASO) cubes in Hyperion Planning, which will require a full-use license for Essbase
  • Workforce and capital users can add members on the fly in Hyperion Planning
  • Dynamic points-of-view (POVs) and grid improvements in Hyperion Financial Management
  • Hyperion Data Relationship Management (DRM) to get a data relationship governance module to create configurable workloads, which each separate module licensed per user
  • Hyperion Profitability and Cost Management (HPCM) to be certified to run on Oracle Exalytics
  • Hyperion Financial Data Management (FDM) and Enterprise Resource Planning Integrator (ERPI) to be combined into a single module. Existing customers will get an upgrade as part of maintenance.
  • A subscription-based, per user per month cloud offering in the second half of 2013

Beyond, the most interesting thing on the horizon is that Oracle will look to leverage Endeca in EPM applications in the upcoming release. Speaking for the EPM community, we’re looking forward to this.

John O'Rourke, Oracle vice president of product marketing for enterprise performance management (EPM), outlined the roadmap during a session at the Collaborate user group conference this week. O'Rourke said that the fundamentals of EPM haven't changed in the last 15 years, but the business climate has. We’re seeing slow economic growth, the need to get things done faster, and the requirement to do it with fewer resources.

Rehashing Hyperion 11 1.2.2 features
O'Rourke also detailed some features available in Hyperion, which has now been out for about a year. Two of the major ones are HPCM and the tax provision module for HFM. The tax provision module helps with tax reporting and provisioning.

HPCM, meanwhile, has been updated to enable micro-costing to use the database to perform allocation (SKU, customer, etc.). You can use it to create calc scripts on the fly. When you define allocation rules in HPCM, it creates the calc scripts, and the results are loaded to Essbase for reporting and analysis. The benefit is it gives you the ability to report fully allocated PNL at product, SKU, customer, etc. The result is improved reporting and analysis and the ability to see things like where the profits are, how your customers/products are performing/how much they are contributing to the bottom line, etc.

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