Any help on how to integrate oracle Hyperion financial management with servicenow?

[acc]

i want to integrate Oracle HFM with ServiceNow for financial management solution. any suggestion/view would be appreciated to achieve it.

[nasrin786]

Hi HRCM,

Please refer these links:

http://wiki.servicenow.com/index.php?title=List_of_Available_Integrations#gsc.tab=0

https://docs.oracle.com/cd/E63000_01/EMSNC/toc.htm

Thanks & Regards,

Nasrin Syed

                                                                          PS: Hit like, Helpful or Correct depending on the impact of the response

[azharuddin]

With the diversification of organizational ecosystem being the current norm, it becomes a major challenge for enterprises to centralize their data. In an organization, you will find multiple platforms each with its own applications running concurrently. Since the data within each of the applications would be humongous, it becomes essential for any organization to collate the data for analytics purpose.

We can integrate oracle Hyperion financial management with servicenow....Click to know the process...

[Lavanya Sreepad]

Hi 

Oracle Hyperion Financial Management is a financial consolidation and reporting application built with advanced Web technology and is designed to be used and maintained by the finance team. It provides financial managers the ability to rapidly consolidate and report financial results, meet global regulatory requirements, reduce the cost of compliance and deliver confidence in the numbers.

Key Benefits

• Reduce consolidation, close and reporting cycles by days / weeks and deliver timely results internally / externally
• Reduce compliance costs and deliver one accurate version through the Web to improve internal / external transparency
• Maintain a regulatory filing to general ledger audit trail - to provide confidence in financial results
• Conduct in-depth analysis of key performance and operational metrics with ease
• Discover new sources of profitability and cash flow by company, product, brand and customer segment
• Quickly realize new benefits with packaged regulatory reporting functionality.
• Add capabilities of a comprehensive suite of Enterprise Performance Management applications as and budgets

KEY FEATURES

• Global consolidation
• Scalable web architecture
• Unlimited dimensionality
• Complete audit trails
• Powerful reporting and analysis tools
• Robust data integration

Oracle Hyperion Financial Close Management

Oracle Hyperion Financial Close Management is built for centralized, web based management of period-end close activities across the extended financial close cycle. Oracle Hyperion Financial Close Management is the first application of its kind and Oracle Hyperion Financial Close Management will help manage all financial close cycle tasks including ledger and sub ledger close, data loading and mapping, financial consolidation, account reconciliation, supplemental schedule management, tax/treasury and internal and external reporting processes – any task associated with the extended financial close.

Close Manager

Close Manager is a task management solution. Tasks are anything that need to be completed during the close process – whether in the transaction system, general ledger, consolidation system or reporting system. Employees are assigned to each task and the tasks are given a due date relative to each period end date so it’s also easy to identify bottlenecks in the process.

Key Features

• An easy to use task scheduling and management feature to ensure the correct prioritization of closing tasks
• Pre-built, web-based dashboards for monitoring the progress of the financial close. Common calendar views, task list views, and Gantt views are leveraged for each user’s tasks based on security
• Active calendars and task lists that allow you to launch applications to complete tasks from the calendar itself
• Automation feature – allows for scheduling tasks for lights-out processing
• Roll-forward feature that allows for quick set up of new financial close calendars based on prior financial close

Accounts Reconciliation Manager (ARM)

Account Reconciliation Manager is a module dedicated to helping companies reduce risk by providing real-time visibility into the performance of reconciliations and ensuring that all data prepared is properly qualified. ARM also assists companies in streamlining and optimizing performance by automating certain reconciliation tasks and supporting risk-based reconciliation cycles.

Key Features

• Balance integration using Oracle Hyperion Financial Data Quality Management ERP Integration Adaptor for Oracle Applications
• Mapping features to summarize low-level balances to the level appropriate for reconciliation
• Auto reconciliation of authorized zero balance accounts and balance comparison accounts
• Easy to use features for maintaining reconciliation assignments, including mass update and import capabilities
• Configurable frequencies and unlimited levels of approval
• Flexible formats adaptable to each type of account
• Powerful filtering and ad-hoc reporting capabilities
• Pre-built dashboards for monitoring status, aging, performance metrics and compliance metrics

Oracle Hyperion Financial Data Management Enterprise Edition (FDMEE)

Oracle Hyperion Financial Data Quality Management eliminates the data integrity risks associated with collecting, mapping, verifying and moving critical financial data.Standardized, repeatable processes can be built and the typical inefficiencies of collecting financial data can be avoided. These transparent processes give you greater assurance of clean data and accurate results.

• End-to-end automation of the collection, mapping, verification and movement of financial data creates a standard process that eliminates variability.
• Data validations and quality checks allow you to inspect data at each step to identify errors, generate notifications and reconcile discrepancies.
• Robust reporting in Oracle Hyperion Financial Data Quality Management provides more than 85 prebuilt audit, log, system and process management reports.
• FDMEE integrates Metadata/data from various sources such as ERP Systems Oracle Relational Database. FDMEE also integrates from other sources such as Open Interface Tables and files into EPM Target Applications.
• Increases Organization confidence in the numbers.
• Simplifies financial data collection and transformation process and reduces closing cycle by days/weeks
• Standardizes repetitious financial processes
• Delivers process transparency through audit trails and supports Multi-GAAP Reporting
• Utilizing Multi-Dimensionality Capabilities of FDM to allow for the storing of unique fields of information
• Generating reports that allow users to analyze and confirm their data loaded correctly
• Application to include email alerts, scheduled loading, process monitoring, and custom error tracking
• Utilizing FDMEE robust Dimensionality Concept as per the client requirements

Oracle Hyperion Financial Reporting

• Hyperion Financial Reporting is a simplified and robust reporting tools that has excellent multi-dimensional reporting capabilities
• Hyperion Financial Reporting enables users to access and analyze data from a variety of sources
• Producing boardroom-quality presentations that can be delivered in a variety of formats including HTML, PDF, Microsoft Office, mobile devices and distributed either as live data or as static snapshots of data at specific points in time
• Scheduling reports for online delivery and sending email alerts when reports are available

Oracle Hyperion Smart view for office

Smart View provides a common Microsoft Office interface designed specifically for Oracle Enterprise Performance Management (EPM) and Business Intelligence (BI).

• Provides adhoc analysis and reporting capabilities against Planning, Financial Management and Essbase
• Import query ready or fully formatted grids into Microsoft Excel
• Provides a single Excel interface for Financial Management and Planning

Oracle Hyperion Disclosure Management

Oracle Hyperion Disclosure Management enables organizations to effectively manage the creation of regulatory filings. Featuring deep integration with existing Oracle Hyperion financial reporting tools, it is the easiest and most straightforward approach to external reporting for Oracle’s Hyperion Enterprise Performance Management customers. Oracle Hyperion Disclosure Management is the first application of its kind – a full-featured regulatory reporting solution that leverages best-in-class Oracle Hyperion reporting technologies including Oracle Hyperion Financial Reporting and Oracle Hyperion Smart View for Office.

Key Features

• XBRL and inline XBRL (iXBRL) document creation for XBRL filing requirements
• SEC EDGAR HTML, PDF and other output formats for additional reporting requirements
• Content management repository with document check-in/check-out, versioning with comparison capability, and access permissions.
• Variables for managing common text, dates, numbers, directional words and custom rules
• Cross-footing for data accuracy across EPM data sources and document-based values.
• Collaborative document creation and management including Table of Contents automation
• Full XBRL validation and formula support including detailed XBRL audit reports
• Full regulatory-specific validation support for SEC EDGAR Filer Manual rules, HMRC validation rules and other regulatory rules
• XBRL tag override and suppression capabilities
• Rollover Report management
• XBRL taxonomy design for base and extension taxonomies
• Import/export capabilities
• Collaborative document creation including versioning, check-in / check-out and commenting

Oracle Hyperion Data Relationship Management

Oracle Data Relationship Management helps organizations to proactively manage changes in master data across operational, analytical, and Enterprise Performance Management silos. Business users may make changes in their departmental perspectives while ensuring conformance to enterprise standards. Whether processing financial or analytical information, Oracle Data Relationship Management delivers timely, accurate, and consistent master data to drive ongoing operational execution, business intelligence, and performance management.

• DRM is a Hierarchy Management Tool which helps manage master data across multiple systems keeping them in sync.
• Implementing Flexible Enterprise Dimension Governance.
• Eliminating Parallel Maintenance and simplifying closing cycles.
• Reducing reconciliation risk and maintain complex mappings
• Creating, managing, and aligning alternate reporting hierarchies.
• Accelerating transformation such as simplifying chart of accounts transformation or redesign
• Enforce consistent Governance Processes and simplifying regulatory compliance
• Enhancing dimension Management Maturity
• Delegate maintenance responsibility to business experts most familiar with change events
• Utilize audit capabilities to track changes and ensure compliance
• Enhances data quality, integrity and consistency through data standard enforcement
• Provide visibility to data elements and derive information based on source system data.
• Allowing multiple end-users to process maintenance throughout the month.

Oracle Hyperion Planning

Oracle Hyperion Planning is an agile planning solution that supports enterprise wide planning, budgeting, and forecasting using desktop, mobile and Microsoft Office interfaces. It provides a robust modeling framework that helps develop reliable financial forecasts based on sales and operational assumptions to produce cost effective enterprise alignment.Oracle Hyperion Planning, Provides a best in class and proven in the market place to provide timely, actionable plans to help make informed business decisions.

Key Features

• Reduce budgeting and planning cycles by weeks / months
• Improve forecast reliability
• Appeal to a wide user community through an intuitive Web user interface
• Provide familiar user interface for full Microsoft Office integration.
• Reduce planning cycles with anywhere / anytime mobile
• Eliminate lag time between updates and reports are refreshed
• Reduce cost of ownership through superior application deployment, management tools and packaged data integration
• Lay foundation for transition to Enterprise Business Planning
• Streamline enterprise-wide Planning and budgeting Process
• Ensure reliability with predictive planning and rolling forecasts
• Collaborative Planning within an Intuitive Scalable Web Interface
• Enhance productivity with full Microsoft Office suite integration
• Integrate planning and management reporting seamlessly
• Robust data integration and deployments

Oracle Hyperion Workforce Planning

Oracle Hyperion Workforce Planning is a planning module that makes head count, salary and compensation planning efficient across the entire enterprise. Designed with prebuilt functionality and out-of-the-box best practices, it simplifies the planning of workforce and related expenses, such as bonuses, fringe benefits, overtime payments, and merit increases. Additionally, it automatically links workforce expense plans into Oracle Hyperion Planning, allowing organizations to accurately assess, the business impact of workforce decisions on overall expense plans in real-time.

Key Features

• Simplify implementation and reduce maintenance requirements with prebuilt functionality
• Address all workforce planning requirements with a full flexibility and open architecture
• Achieve greater accuracy, predictability and accountability
• Assess real-time impact of salaries and associated workforce expenses
• Reduce workforce planning cycle time
• Leverage existing user competencies with Microsoft Office integration

Oracle Hyperion Capital Asset Planning

Oracle Hyperion Capital Asset Planning is a specialized planning module that automates the planning of capital assets and related expenses such as depreciation, maintenance and insurance. Oracle Hyperion Capital Asset Planning includes pre-built functionality and best practices that easily plan for all of capital expenses. It is also directly linked to Oracle Hyperion Planning, so you can immediately assess the impact of your capital expenses on your overall expenses and financial statements.

Key Features

• Simplify implementation processes and reduce maintenance requirements
• Manage all capital expenses easily
• Assess the immediate impact of capital asset decisions on financial statements
• Achieve greater accuracy, predictability and accountability by involving operational level planners
• Eliminate manual steps by using a comprehensive planning solution
• Gain security over data, calculations and global settings

Oracle Hyperion Strategic Finance (HSF)

Oracle Hyperion Strategic Finance is a product rich in financial forecasting and modeling with on-the-fly scenario analysis and modeling capabilities. HSF helps users quickly model and evaluate financial scenarios, and offers out of the box treasury capabilities for sophisticated debt and capital structure management. Oracle Hyperion Strategic Finance integrated with Oracle Hyperion Planning to provide a comprehensive closed-loop planning process. With this tool, decision-makers can model and analyze the financial impact of critical business decisions, to create a financial strategy that encompasses all functions of the business. It is an ideal tool for merger and acquisition analysis, equity analysis, strategic planning, portfolio analysis, and deal underwriting.

Key Benefits

• Integrate financial modeling for strategic planning, treasury, and corporate development
• Model with integrity and transparency to minimize risk and create efficiencies
• Minimize model building efforts with packaged financial modeling tools
• Deploy and implement quickly with minimal IT support

KEY FEATURES

• What-if analysis toolkit to support unlimited scenarios
• Analyze trail feature to visualize model logic
• Funding options to optimize capital structure
• Freestyle reporting for professional quality reports and graphs
• Debt scheduler to model cash flow implications
• Consolidation & deal period functionality to simulate roll-ups, mergers and acquisitions
• Tax and valuation options to calculate tax effects and enterprise value
• Same Microsoft Office user interface as other Oracle Hyperion products 

Thanks 

Lavanya Sreepada

[zaid]

Hi

Since diversifying the organizational ecosystem is the current norm, it becomes a great challenge for companies to centralize their data. In an organization, you will find multiple platforms, each with its own applications running at the same time. Since the data within each of the applications would be huge, it becomes essential for any organization to collect the data for analytical purposes. And altast we can integrate oracle hyperion financial management to ServiceNow. 

Thank you