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Basics of HFM

Oracle Hyperion Financial Management is a web-based application that provides global financial consolidation, reporting, and analysis capabilities. It allows for multi-currency translation, integration with Excel and reports, and supports statutory requirements. Key features include intercompany eliminations, journals, reduced consolidation and reporting cycles, in-depth analysis of key metrics, and accurate reporting to internal and external stakeholders. The application has a multi-tier architecture with the user interface on the client tier, web services on the web server tier, application logic on the middle tier, and data stored in a relational database on the data tier.

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Venkatesh Venkus
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270 views

Basics of HFM

Oracle Hyperion Financial Management is a web-based application that provides global financial consolidation, reporting, and analysis capabilities. It allows for multi-currency translation, integration with Excel and reports, and supports statutory requirements. Key features include intercompany eliminations, journals, reduced consolidation and reporting cycles, in-depth analysis of key metrics, and accurate reporting to internal and external stakeholders. The application has a multi-tier architecture with the user interface on the client tier, web services on the web server tier, application logic on the middle tier, and data stored in a relational database on the data tier.

Uploaded by

Venkatesh Venkus
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Hyperion Financial Management

About HFM:

Oracle Hyperion Financial Management, Fusion Edition is a


comprehensive, Web-based application that delivers global collection,
financial consolidation, reporting, and analysis in one highly scalable
solution.

Financial Management Features

 Multi Currency Translation


 Integration with Reports
 Integration with Excel
 Statutory Requirements
 Intercompany Eliminations
 Journals
 Time Efficiency
 Easy Troubleshooting
 Reduce consolidation and reporting cycles by days
or weeks.
 Conduct in-depth analysis of key performance and operational
metrics.
 Deliver accurate and timely reports to both internal management
and external regulatory bodies.
 Discover sources of profitability and cash flow at the company,
product, brand, and customer levels.
 Consolidate data with multiple consolidation paths.

Project LifeCycle

Phase 1: Requirements Gathering (1 to 3 Weeks)


Project Start-up Requirements

Requirement Gathering regarding Organisation Structure, Accounts, Entities etc.,

Understanding present accouting structure for all subsidiaries, holdings etc

Simultaneously Installation will start in Phase 1 only

Phase 2: Design (4 to 5 Weeks)


Designing of Application

Designing of Security

Designing of Accounts

Designing of Entities

Designing of ICPs

Designing of Currencies
Designing of Custom Dimensions

Designing of Other Dimensions

Phase 3: Development (4 to 5 Weeks)


Loading of Data using Upstream

(This is to be done simultaniously from the starting of project by the FDM Expert. It
only would take 2 weeks approximately. So This time is not included in above
Development)

Creating different Rule files for Consolidations, Calculations.

Legal Consolidations

Creating Web entry forms

Creating Data Grids,

Preparing of Journal entry Templates

Intercompany across Eliminations

foreign exchange Translations

Configuring Smart View and Excel addins

Phase 4: Testing (1 Week)


Testing the application using Dummy Data

User Acceptance Test by the Client.

Phase 5: Production or Golive


Actual Production,

End User Training in

Data loading,

Metadata loading,

using Web Entry forms,

Data Grids etc.,


Architecture
Financial Management is designed to operate as a multitier system.

 The client tier contains the user interface and the ability to
communicate with the application tier. You can display data and
metadata, and enter data in this tier.
 On the Web server tier, you access the Web-enabled portions of
Financial Management.
 The middle tier contains the domain intelligence and connections
to the relational database.
 The data tier contains the relational database and all Financial
Management data and metadata.

Financial Management Dimensions


Scenario Dimension
The Scenario dimension represents a set of data, such as Budget,
Actual, or Forecast. For example, the Actual scenario can contain data
from a general ledger, reflecting past and current business operations.
The Budget scenario can contain data that reflects the targeted
business operations. The Forecast scenario typically contains data that
corresponds to predictions for upcoming periods. A Legal scenario can
contain data calculated according to legal GAAP format and rules. You
can define any number of scenarios for an application and define
attributes for Scenario dimension members, such as the default
frequency, the default view, and zero data settings.

Year Dimension
The Year dimension represents the fiscal or calendar year for data. An
application can contain data for more than one year. You specify a
year range when you create the application and select a year from the
Year dimension to process data.

Period Dimension

The Period dimension represents time periods, such as quarters and


months. It contains time periods and frequencies by displaying the
time periods in a hierarchy. For example, if the Actual scenario
maintains data on a monthly basis, generally 12 periods of data are
available for this scenario in a year. Financial Management supports
years, months, and weeks for the period dimension. It does not support
days for the dimension.

Entity Dimension

The Entity dimension represents the organizational structure of the


company, such as the management and legal reporting structures.
Entities can represent divisions, subsidiaries, plants, regions, countries,
legal entities, business units, departments, or any organizational unit.
You can define any number of entities.

Value Dimension

The Value dimension represents the different types of values stored in


your application, and can include the input currency, parent currency,
adjustments, and consolidation detail such as proportion, elimination,
and contribution detail. For example, the Entity Currency member
stores the value for an entity in its local currency. The Parent Currency
member stores the value for an entity translated to currency of its
parent entity.

Account Dimension

The Account dimension represents a hierarchy of natural accounts.


Accounts store financial data for entities and scenarios in an
application. Each account has a type, such as Revenue or Expense that
defines its accounting behavior.
You define attributes for Account dimension members, such as the
account type, the number of decimal places to display, and whether
the account is a calculated, consolidated, or intercompany partner
account.

Intercompany Dimension

The Intercompany dimension represents all intercompany balances


that exist for an account. This is a reserved dimension that is used in
combination with the Account dimension and any custom dimension.
Financial Management can track and eliminate intercompany
transaction details across accounts and entities. You can also run
intercompany matching reports to view intercompany transactions.

View Dimension

The View dimension represents various modes of calendar intelligence;


for example, Periodic, Year-to-Date, and Quarter-to-Date frequencies. If
you set the view to Periodic, the values for each month are displayed.
If you set the view to Year-to-Date or Quarter-to-Date, the cumulative
values for the year or quarter are displayed.

Custom Dimensions

Four custom dimensions are available for analysis of detailed data. You
can use custom dimensions to store additional details associated with
accounts, such as products, markets, channels, balance sheet
movement, or types of elimination. For example, custom dimensions
could include Product Line, Region, Channel, or Customers.

File Extentions we use in HFM


.xml = metadata
.app = metadata
.ads = metadata epma
.hde = windows grid
.xml = web grid
.wdf = webentry form
.rpt = report
.des = report
.rle = rule
.lst = memberlist
.sec = security file
.per = profile file
.jlf = journal file
.icx = intercompany data
.dat = data file
Services to be Started

1. DBCOnsole or SQL server(Automatic)(check started or not)


2.Apache(Automatic)(check started or not)
3.IIS((Automatic)(check started or not)

4.Hyperion Foundation Shared services(Manual) Start


5.HFM DME LIstener (Manual) Start
6.HFM Web Services Manager (Manual) Start
7.Workspace agent service (Manual) Start
8. Workspace Web Application (Manual) Start
If you are working with reporting then start
9,10,11,12,13. Java RMI -----Reporting Web Application (Manual) Start

Working with HFM

We have Three environments to work with HFM


1.Window Client
2. Workspace
3.Shared Services

1. Window client:
Path
All Programs Oracle EPM System  Financial Management
 Financial Management
We can see a logon screen

Give
User: admin
Password: password
Leave Domain as Blank
Press Logon
Here We can Define Application Profile, Create/delete Application,
Manage Metadata, Load/Extract Security, Metadata Member Lists,
Rules, Data and journals.
We can not do IC Transaction from here.
We can explore data using window grids and save those grids with
extension <grid name>.hde

We can also do database management tasks like copy data from one
scenario, year, period from another and clear data from particular
scenario, year, period. can delete invalid records also.

The Components of window client is as follows:

MenuBar:

Toolbars:

POV bar:
View Pane:

Content pane:
2.Workspace

Workspace is the web environment of Hyperion. We use web browsers


like IE, Firefox to enter the work space.
URL of workspace: http://<servername>:19000/workspace where 19000 is
the default port no. of workspace and server name can be your computer
name.

Goto web browser


Enter URL of workspace as mentioned above. You will get two windows like the
following:
Give
User name: admin
Password: password

Press Log On
A window will appear as following
In the above Image the following button is called as navigate which we use
most of our work

From the workspace we can do the following tasks


Create/Delete/Register Application
Load/Extract Tasks
Process management
Ownership management
Submission Phases
Explore data using Web Grids/Web forms
Journals
IC Transactions
Task Audit
Data Audit Etc.

3.Shared Services
Shared services deals with Users, User Groups, roles, Responsibilities,
Application Groups, Security, assign access control etc.

This is also a web Based environment


URL of the shared services is http://<servername>:28080/interop
Where server name is your computer name and 28080 is default port number
of shared services
Open web browser enter URL
The following two screens will appear.
Give
User name: admin
Password: password
Press Log on
Application Profile:
Application Profile can be created from window client only.
We can define Languages Number of years, Starting year, Standard calendar
which contains half years, quarters, months or custom calendar with number
of base periods, Different views, Periods etc.

Extension of Application Profile is ‘.Per’

3 of 12 HFM Dimensions those are Year, Period, View can be defined in


Application Profile.

Defining Application Profile:


Logon to window client
Select Define Application Profile:
You can create new application Profile or use an existing one.
Press Next
Enter Language Press next

Next
Press Finish

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