If you’re an FP&A professional at a large company, chances are you’re faced with a long budget cycle that takes several months to complete. In this blog post, we’ll talk about five common culprits of a slow planning cycle and the steps you can take to get to faster (and more accurate) results.
So, your organization has finally implemented a robust planning, budgeting, and forecasting solution. You’re all set, right? Unfortunately, the implementation is just the first step in getting the most out of your Hyperion Planning application.
To ensure you spend more time on high-value work than things like user errors and system slowdowns, you’ll want to:
When an employee decides to leave, it’s tough on any organization. It’s particularly difficult when that employee is a Hyperion administrator — suddenly you’re left without support for complex applications that are essential to your financial operations.
This is what happened to Williamson-Dickie, a Fort Worth-based work wear outfitter, when their admin decided to leave. But what began as a tough situation ended up benefitting the organization. They realized they didn’t have enough work for a full-time admin — instead, they could save time and money by outsourcing Hyperion support to an experienced managed services provider.
In this blog post, we’ll go over some of the ways Williamson-Dickie uses Hyperion managed services to support Hyperion Planning.Read More
Organizations face high Hyperion administrator turnover, so it’s understandable if your Hyperion Planning documentation isn’t up to date. Documentation is tedious and time consuming. If you’re the new Hyperion admin or filling in until a replacement comes along, you’re probably overwhelmed with where to start.
In this blog post, we’ll go over several tips to help you get started with your Hyperion Planning documentation.Read More
Long-time Hyperion users as well as new faces tuned in to our webcast on Oracle Planning and Budgeting Cloud Service (PBCS), where we talked about common budgeting challenges — long planning cycles, data integrity issues, and lack of transparency, and more. We also explained why 70 percent of CFOs are currently moving their core finance and forecasting processes to the cloud.
The cloud makes world-class planning affordable for organizations of all sizes. Oracle PBCS is based on the market-leading Hyperion Planning application but is optimized for the cloud — meaning there is no up-front capital investment, implementations take weeks instead of months, and automatic upgrades ensure that users always have the latest features.Read More
You’ve probably read your fair share of “best practices” guides for maintaining Hyperion applications. But what about “worst practices”— the most common culprits of slowdowns and even crashes?
Below are six infrastructure mistakes we frequently see organizations make with their Planning and Essbase applications and easy ways to avoid them.Read More
While traditional budgeting methods can often cause up to four budget recompilations every year — taking valuable time away from your finance staff — rolling forecasts ensure time isn’t wasted on inaccurate assumptions. Rather, rolling forecasts enable you to make adjustments based on corporate goals and changes within the marketplace. Always being able to look ahead will lend your organization flexibility that just isn’t attainable with the traditional annual budget.
So, how can you ensure success when you start using rolling forecasts?Read More
In an increasingly fast-paced business environment, has the traditional annual budgeting and forecasting process become an outdated model? The financial crisis of 2008 bared the shortfalls of making static assumptions months ahead of time: forecasts ended up worthless, and many companies had no process in place for reforecasting on the run. Since then, expectations for CFOs have changed drastically. Finance offices are expected to sift through unprecedented levels of information and reforecast quickly in response to market fluctuations.