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why is used Hyperion, what type of Advantage & Disadvantage?

Posted on 2009-07-11
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Why is used Hyperion, what type of Advantage & Disadvantage?
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Question by:AJITPADHY
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by:AJITPADHY
ID: 24837026
thank you
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Sayedaziz earned 500 total points
ID: 24837920
Hyperion is the leading global provider of business performance management software solutions (source: IDC). More than 11,000 organisations, including 94 of the Fortune 100, use Hyperion software to help translate strategies into workable plans, monitor their execution and gain insight to improve financial and operational performance.

Advantages:
One unified view of enterprise financial information consolidates key performance and
operating metrics from global sources in a scalable, Web-based application.
Ï Virtual close features trim days and weeks off your close cycle using Web-based
intercompany reconciliations and a consistent set of data and business measures.
Ï Powerful multidimensional analysis identifies and reports new sources of profitability and
cash flow at corporate, cost center, product, brand, customer, and channel levels.
Ï Flexible what if scenario management feature dynamically consolidates and reports all
financial budgets, forecasts and plans, producing new statements as assumptions and facts
change.
Ï High-volume, preformatted reports deliver timely, accurate financial information for
internal management and external regulatory and government bodies from the same
application.
Ï Prepackaged features are deployed out-of-the-box, quickly and cost-effectively, including
features such as world-class allocations, multicurrency translations, and robust data
integration with legacy applications, ERP, and CRM systems.
Ï Customizable and extensible application solves your issues quickly and cost-effectively,
using industry standard tools.
Financial Management Features 15
Ï Architected for the Web so users can easily and securely access global financial information
from any location, using a standard Web browser. Relational data storage ensures mission
critical data is available to users 24x7x365.

Disadvantages :
In my opinion not suitable for small organization due to cost of purchase and comprehensive reporting system not required by small organization. Also need qualified professional to make it tailor-made instead of using ready-made features.
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by:AJITPADHY
ID: 24838464
thank you
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