The most common question we are asked when we go in to do a review of an existing HFM application, is “What can you do to improve the consolidation time?” In HFM, the length of the consolidation time is a critical aspect of how quickly data can be viewed and analyzed. Longer consolidation times can result in a longer close process. One of the new features of HFM version 22.214.171.1240 is Multi-core Scaling. During consolidation, while traversing through entity hierarchy, HFM takes advantage of all hardware cores available. According to the testing conducted by Oracle on some very large HFM applications, there was a significant reduction in consolidation times.
End-to-End Data Integration Design is not just the design and implementation of ETL tools, but also the integration of systems with people. It takes a holistic view of an organization’s people, processes and systems to ensure that all reporting applications are built on a rock-solid data foundation.
Continuing our series on Data Integration Design, today we will discuss the importance of IT infrastructure...
An understanding and review of the overall enterprise infrastructure is fundamental to a successful data integration project. When evaluating the IT infrastructure, there are a myriad of topics and details that need to be considered. These include, but are not limited to: the capacity, quantity, and location of servers, data storage and archiving, network bandwidth, backup / disaster recovery, architectural redundancy and overall scalability.
Yesterday we covered collecting the right data in our special series on End-to-End Data Integration Design. Today we look at the people and processes...
An often overlooked aspect of all IT implementations is data governance. The process of accurately and consistently originating information into the various enterprise systems must be carefully considered. Data governance is a pillar of reporting excellence and must start at the top of every organization as this information is ultimately used to drive business decisions and set strategy via reporting mechanisms.
Yesterday we introduced our week-long series, End-to-End Data Integration. Today we continue with a focus on collecting the right data.
Enterprise resource planning implementations are typically long and complicated projects that often fail to commit sufficient resources to organization-wide reporting. In fact, most reporting beyond standard financial statement preparation is often an after-thought. As a result, the ability to extract and report on seemingly basic information can become inordinately complex because the project manager failed to thoughtfully consider data output from the very beginning of the ERP project.
When creating documentation it is important to have a template (or multiple templates) so anyone who reads the documentation can follow the instructions. When creating the documentation you should have clear instructions with steps as well as graphics pointing to what exactly needs to be done in order for anyone, from an end user to an IT rep to follow.
The number one benefit of information technology is that it empowers people to do what they want to do. It lets people be creative. It lets people be productive. It lets people learn things they didn't think they could learn before, and so in a sense it is all about potential. -- Steve Ballmer, Former CEO Microsoft Corporation
- Tired of non-stop fire-drills throughout your project?
- How do you establish success criteria and critical path for your implementation?
- When a solution architect or developer makes assumptions -- we all know how that goes...
HFM: The Way Forward for Consolidations and Reporting
Ever since Hyperion Financial Management (HFM) was released a little more than a decade ago I am still surprised to hear that many companies are still using Hyperion Enterprise. Each time I encounter Hyperion Enterprise on a project, I am reminded time and again why Hyperion Financial Management is the preferred financial consolidation and reporting application.
The Value of Data Relationship Governance (DRG)
What if I told you... If you are an HFM, Planning, or Essbase Administrator you will definitely want this product?