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The need for data automation in Hyperion Financial Management
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Hyperion Financial Management (HFM) is a core tool for many organisations in dealing with their financial planning, consolidations and reporting. Although it has its strengths, its weaknesses can open organisations up to major problems with the need to ensure all available data is used effectively, say Quocirca analysts Clive Longbottom and Rob Bamford.
Table Of Contents
- The many different silos of data spread across a wide number of disparate systems creates major problems in ensuring that timely and accurate data is made available for the processes involved
- Real-time data and process automation enables a far better approach to ensuring that financial reporting under HFM is effective
- By putting in place tools that permit the user to more easily and effectively manage a self-service financial reporting environment, the individual and the company will be better served
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