As we reported in a recent blog Oracle released the new version of the EPM suite on April 11th 2012. This new EPM 22.214.171.124 includes a new version of the Hyperion Data Relationship Management (DRM). With the team busy on client projects we have only just managed to understand what some of the important new features included in the release are:
- Localisation of the interface to some non-English languages;
- Version backup and restore capabilities;
- Hyperlink Enabled Properties; and
- Navigation to Hierarchy and Node via URL.
The complete list is available here. We plan to install and review the new version in the not too distant future so watch this space for a more detailed and considered update.
While this is not a Seismi case study we wanted to bring it to your attention as it illustrates the power and adaptability of Oracle Hyperion Data Relationship Manager (DRM) to solve business issues, and the return on investment (ROI) it can deliver.
As you will see the challenges that National Australia Bank were facing prior to implementing Oracle Hyperion DRM were principally around: ensuring data integrity; data governance; accurate and consistent reporting; as well as upgrading a legacy masterdata management tool. Not dissimilar to Seismi’s experiences!
National Australia Bank implemented Oracle Hyperion DRM to control and govern masterdata in 34 underlying finance and operational applications. They also implemented Oracle’s Hyperion Financial Management consolidation tool. Data quality was improved from 90% to 99% accuracy. The accuracy of Regulatory reporting was guaranteed and management’s confidence in reporting was enhanced given the single accurate view of finance master data. They were delighted by the 200% ROI that the project delivered.
Prior to the project National Australia Bank evaluated a number of masterdata management product but only Oracle Hyperion DRM provided all the capabilities they required. After the implementation David Gray, asset owner master data, finance asset & operations, National Australia Bank gave a ringing endorsement “It would have to be the best software product I have encountered―everything it says it can do, it does, and does well”.
If you are having challenges with your masterdata governance we would recommend reading the case study and please do get in touch to discuss some of the business challenges and problems that Oracle Hyperion DRM can resolve.
A brief blog this week given the Easter holidays.
Great news that Oracle has just announced the formal release of a DRM template for EBS which we reviewed last August.
This template provides out of the box integration to Oracle E-Business Suite (EBS) and will reduce the implementation costs of implementing Oracle Hyperion Data Relationship Manager (DRM) to control your chart of accounts.
We’ll be back next week with hopefully a case study on a recent DRM implementation.
This free webcast will be happening at 1pm (GMT) on Tuesday 17 April 2012 and will show how you can save 1000’s of man days effort yearly by centralising Chart of Accounts management and building efficiencies into your organisation by eliminating Human Middleware and automating your process. Register here.
Any good business knows the importance of having a well-aligned Chart of Accounts (CoA) to enable effective analysis, reporting and decision-making. But manually organising data and meta data from fragmented systems can be a complex and costly process damaging data integrity, impeding financial controls, and driving up costs.
Oracle Hyperion Data Relationship Management (DRM) allows you to seamlessly integrate chart of accounts and other meta data from multiple systems, simplifying data analysis and delivering reliable information to all your decision-makers.
Seismi have been invited by Oracle to discuss relevant case studies and explain how to avoid common project errors, and show how you can:
- Increase efficiency with proven best practices in CoA design and maintenance;
- Accelerate ERP upgrades and consolidations with a streamlined CoA;
- Mitigate governance risk by consolidating disparate systems into a single, unified view; and
- Gain a clear financial understanding of acquired companies with rapid analysis of critical information.
The webcast will be useful for the following:
- Financial Controllers;
- Financial Directors;
- Finance Managers;
- Finance Systems Managers; and
- Anyone involved or embarking on any finance systems transformation program!
Don’t miss this opportunity to see how you can prevent Chart of Accounts management from costing you more money than it should.