Hyperion Tutorial

The database which permits you to avail information rapidly is Hyperion. Hyperion Online Tutorial is intended for beginners and experienced. It supports decision making to improve business and Business Intelligence. Hence, a BI framework can be named as a decision support system(DSS).

What is Hyperion 

BI utilizes cycles, technologies, and applications to look at coordinated information and strategic policies, while competitive intelligence assembles and circulates insights with an effective consideration on organization challenges. In this Hyperion tutorial, we will examine what Hyperion is, how is Oracle Hyperion a special innovation, what its main characteristics are, and what items are accessible in Oracle Hyperion suite. The article also covers significant reasons for Oracle Hyperion, including planning, profitability analysis, estimating, financial consolidation, and so forth. Now, let’s go through them in detail. 

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Main Characteristics

  • Hyperion permits the organizations to coordinate and deal with the objectives, systems, and their performance. 
  • It operates on a unified platform. 
  • Generally, it is utilized in reporting and financial examination.

Product Suite of Oracle Hyperion

Hyperion provides a collection of key software products. They are,

  1. Hyperion Planning
  2. Essbase
  3. Web Analysis
  4. HFM (Hyperion Financial Management)
  5. Excel SmartView Tool
  6. Financial Reporting

Hyperion Planning: Hyperion Planning is an item in the Oracle Enterprise Performance Management Software Suite that is an industry-driving Business Intelligence programming package. The principle point of Hyperion Planning item is to convey planning, budgeting, and gauging arrangements which help you to accomplish and put together all of your business arranging and budgeting necessities. The Essbase part of the application provides Hyperion Planning the computation ability to deal with predictive arranging, allotments and muddled revenue acknowledgment planning. The relational vault permits Planning to gather literary data basic to an organized comprehension of the financial plan. Hyperion Planning contains workflow management and method direction for end clients. It is a web programming application, it likewise has an add-in with Microsoft Office which permits clients to gauge or budget in Microsoft Excel, a climate agreeable to most financial clients.

Key characteristics are,

  • Adaptable workflow  and plan management capacities 
  • Simple to utilize Web interface 
  • Demonstrated and adaptable architecture. 
  • Complete Microsoft Office combination 
  • Consistent making of reports and dashboards 
  • Full arrangement of administrative devices for application management
  • Vigorous mix with ERP frameworks and different sources

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Essbase:  Essbase is a multidimensional database administration framework (MDBMS) utilized to build logical applications which gives a multidimensional database platform. Essbase means extended spreadsheet database. Oracle Essbase, an Online Analytical Processing Server which gives an environ to sending pre-bundled applications or creating custom scientific and endeavor performance management applications. Oracle BI Suite Enterprise Edition Plus is important for the Oracle BI Foundation. It is a unified, Microsoft Office and Web-based arranging, budgeting and gauging arrangement that coordinates monetary and operational arranging measures and improves business consistency. Oracle Hyperion Financial Management is a thorough, Web-based application which conveys worldwide monetary solidification, reporting, and investigation in a solitary, exceptionally adaptable programming arrangement.

Advantages of Oracle Essbase

  • Give a real time scientific foundation to help business knowledge and enterprise performance management (EPM) applications. 
  • Join different sources of unique information, investigate that consolidated information, and perform information modeling and examination situations utilizing that information.
  • Examine historical information, profitability estimations, performance patterns, and foreign exchange effects on productivity and execution. 
  • The Essbase dataset is basically a cube and each cube shows an alternate information point. 
  • Improves your capacity to view your Business’ presentation and wellbeing, just as how you can use the information to project future situations and patterns.

Oracle Hyperion Essbase Implementation

  • Permits organizations to acquire prompt savings funds by means of the capacity to rapidly actualize new business strategies.
  • Establishes a thrifty procedure dependent on usefulness to fulfill the core working way of thinking and foundation of the business. 
  • Promotes the determination, consideration, and customization of greater usefulness through extra disclosure after your item is executed. 
  • Encourages a staged methodology wherein a business’ monetary division assumes control over future ventures utilizing the product platform, in this way saving money on time and expenses of utilizing reevaluated laborers. 
  • Uses pre-assembled, adjustable formats which cut down on the measure of time improvement cycles and the expense of actualizing projects.

Web Analysis: Web Analysis conveys specialists and executives with the best client coordinated, instinctual, and online investigation abilities. It is a module of Oracle Business Intelligence Suite Enterprise Edition Plus. It is a context driven, meager customer reporting and investigation apparatus. It is a report driven question and reporting instrument. It conveys out-of-the-box introduction and announcing for Oracle [Essbase] and other multi-dimensional sources. Conveys ground-breaking, instinctive, Web-based intuitive examination to all edges of the enterprise. It is an extremely graphical and simple-to-utilized interface. Empowers clients to see their information such that it sounds good to them. Empowers the graphical communication, introduction and revealing of multi-dimensional (OLAP) information. Changes information from heterogeneous sources into important questions, dashboards and reports by associating with Oracle BI Server or direct association with hidden databases as required.

Advantages of Web Analysis are given below,

  • It aids in featuring patterns and issues rashly with graphical and profoundly intuitive dashboards. 
  • It explores and penetrates through multidimensional information to comprehend underlying issues. 
  • It helps in expanding quick acknowledgment through a simple to-utilize and negligible exercise. 
  • This experienced examination is beyond the realm of imagination with other Business Intelligence frameworks.

HFM (Hyperion Financial Management): It is an electronic item which gives worldwide financial affiliation, broadcasting, and investigation in a solitary, exceptionally software arrangement. Oracle Hyperion Financial Management is the piece of Oracle EPM Suite, approves a few things like combination, collection, and detailing of financial results in various GAAPs and IFRS and the repayment of alterations between various norms. It could be coordinated immediately to consolidate information from a few Oracle and non-Oracle value-based frameworks, give top-side reporting to IFRS prerequisites, and backing associations to make changes to IFRS.

The Oracle by Example (OBE) arrangement gives bit by bit instructions on the most proficient method to execute  an assortment of functions. The Oracle by Example arrangement decreases the time spent exploring what steps are needed to execute an errand. Since the step by step methods are worked for useful true circumstances, not exclusively is information acquired through important involved insight, yet in addition the arrangements introduced may then be utilized as the establishment for production usage, drastically decreasing time to organization. Its capacities incorporate entering and survey information, making and entering journal sections, and intercompany exchanges, executing business computations, performing solidifications, investigating information in Smart View, and review reports.

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Excel SmartView Tool: The Hyperion Smart View for Office provides an Excel interface to Essbase and to Hyperion Financial Management (HFM). It permits end clients to produce specially appointed reports in Excel and to transfer the created reports from Financial Reporting into different apparatuses, for example, PowerPoint, Word, Excel, or Outlook. Customers who need to improve their endeavor execution require continuous admittance to information through an exhaustive, easy to use dashboard of relevant data. For a typical interface which works flawlessly with Microsoft Office and Oracle Enterprise Performance Management (EPM), we band together with Oracle Smart View for Office (Smart View). Smart View empowers clients to import, control, disperse and share information in Microsoft Excel, Word and PowerPoint, and fills in as an instrument for getting to and coordinating EPM and BI substance from Microsoft Office items. 

Functionalities of Smart View are shown below:

  • Computing, deciphering, and merging information. 
  • Sending and recovering information with the assistance of Function Builder.
  • Capacity to perform specific, multi-page import of Oracle Hyperion Financial Reporting records. 
  • Ad-hoc examination in Excel. 
  • Backing for profoundly arranged matrices in Microsoft Excel.
  • Capacity to make information points of view for end clients called Smart Slices.
  • Submitting information.
  • Capacity to powerfully invigorate EPM and BI information across Office archives with one click.
  • Report creation in Excel, Word and PowerPoint utilizing EPM and BI information.
  • Getting to HFM data forms.
  • Bringing in reports from Financial Reporting and Web Analysis to different apparatuses, for example, Word, PowerPoint, and Excel.
  • VBA toolbox for creating custom Office-based logical interfaces. 
  • Information access from Relational or multidimensional sources.
  • Point of View (POV) looks for productive, setting based searching.

EPM application clients which execute predefined input/reporting structures discover Smart View an advantageous method of finishing tasks inside the Office climate. These clients would be organizers, consolidators and so forth that want to work in the Excel climate either for reliable experience contrasted with the web application or to tie other accounting page based models into their cycle. For instance, Pepsi Bottling utilizes Smart View for Planning to fuse information actually housed in the spreadsheet and manual based models. 

Top 10+ frequently asked Hyperion Interview Questions !

Financial Reporting: Financial Reporting involves two things, the Workspace and the Financial Reporting Studio. If you need to make and alter reports, Financial Reporting Studio is utilized. Workspace is utilized when you need to view and print the provided reports. This makes very coordinated, book-quality monetary and management reports. It assists associations with raising their operational proficiencies which are fundamental to creating and designating GAAP-consistent financial reports and other incredibly coordinated administration reports. Reporting is another element of Smart View utilization which uses the abilities of EPM information recovers. When the information is free inside the Office we can make reports varying dependent on a mix of information sources. For instance Planning and Financial Management information could be utilized to contrast real to budget. Reports can be made more intricate by giving the capacity to think about various situations and various periods. The force of Office can be utilized to establish reports in the Office climate and these reports can be revived occasionally varying.

With Financial Reporting , we can configure reports that recover and show information from Financial administration information sources. We can portray the administration as an incorporated, web based financial management and reporting arrangement. We can merge information from different sources and assorted general record framework into a solitary application. The last objective of Hyperion Product Suite is to investigate information and data and distribute reports based on examination. We can graphically plan and present logical information. We can plan customary financial report layouts, for example, money management reports, benefit and loss sheets, and monetary records. We can plan non customary configurations for monetary or scientific information which incorporate graphics and texts. 

Financial Reporting depends on a three leveled architecture which includes the customer, application, and database levels. The customer level alludes to the nearby interface used to create, examine, present, report and disseminate content. The application level is a center level which recovers the mentioned data and oversees security, correspondence, and integration. The Financial Reporting Web application, the web server, the workspace web application, the Financial Reporting administrations, and the center administrations are on the application level. Through Financial Reporting Web application and Workspace we can depend on the web server to send and get content from Web customers. It also ensures handling group demands, creating yield, and dispersing Financial Reporting customer content. Core services offer the required types of assistance for putting away and recovering articles in the vault, credible clients, overseeing jobs and overseeing meetings. The database levels contain the relational dataset vault and the Financial Management Data source. The repository stores Hyperion framework information, for example, security data, reports, and report objects.

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This hyperion tutorial for beginners and experienced experts will assist you in dealing with data. It also helps you in reporting, financial analysis and in making right choices for the platform for business purposes. If  you have any queries kindly mention that in the comment section.

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Research Analyst
As a Senior Writer for HKR Trainings, Sai Manikanth has a great understanding of today’s data-driven environment, which includes key aspects such as Business Intelligence and data management. He manages the task of creating great content in the areas of Digital Marketing, Content Management, Project Management & Methodologies, Product Lifecycle Management Tools. Connect with him on LinkedIn and Twitter.