Hyperion DRM: The first step to a successful EPM Solution

Sesimi were recently invited by Oracle to present to Oracle’s UK EPM sales team with the aim of helping Oracle understand why, from a services perspective, Oracle Hyperion Data Relationship Manager (DRM) is a fundamental component when delivering a strategic EPM solution to complex organisations.

To demonstrate this point of view we used a recent case study of a Oracle Hyperion DRM solution that Seismi had delivered. This solution, termed a “finance hub”, was the FIRST step in a comprehensive remodelling of Seismi’s client’s EPM strategy.  It provided Seismi’s client with governance over a complex general ledger, stored standard reporting structures and mappings between various core financial applications and enforced key business rules to ensure masterdata conformed to the agreed standards.

In summary we see the key benefits of using this approach as follows:

  • Definitions – defining and centralising the core reporting standards and mappings in Oracle Hyperion DRM early in an EPM initiative reduces costs. The standard definitions stored in DRM can be published to any downstream application, in a wide variety of formats, thereby reducing analysis and development time;
  • Standards – using a single standard, stored in a single technology enforces standardisation across any number of reporting applications;
  • Change Management – Oracle Hyperion DRM is a very powerful change management tool.  It is not only very flexible but also importantly scalable and as a result can evolve with your strategy; and
  • Governance – it places control of core master data definitions into the hands of business users, as well as auditing every change that is made. This improves confidence in reports and places control of reports definitions directly in the hands of the users of the implementation, thereby removing the need for specialist technical support.

 

Seismi feel these core benefits provide a compelling rational and business case to using Oracle Hyperion DRM as a principal component, in effect the backbone, in any EPM deployment.

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