Top 5 Considerations for Oracle Hyperion EPM Customers Top 5 Considerations for Oracle Hyperion EPM Customers

Top 5 Considerations for Oracle Hyperion EPM Customers

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Thousands of organizations around the world are relying on multiple Oracle Hyperion applications to support their critical finance processes, including Hyperion Financial Management (HFM), Hyperion Planning, Hyperion Financial Data Quality Management, Hyperion Strategic Finance, Hyperion Profitability and Cost Management, Oracle Essbase and others. These were market-leading products for many years, and customers have received great value from them. However, the fragmented nature of these products creates extra work and costs for Finance teams. And now, with the premier support for older versions ended in 2021, Oracle is asking customers to upgrade to Oracle Hyperion V.11.2 or convert to Oracle EPM Cloud.

OneStream Software provides a market-leading intelligent finance platform that reduces the complexity of financial operations. OneStream unleashes the power of finance by unifying corporate performance management (CPM) processes such as planning, financial close & consolidation, reporting and analytics through a single, extensible solution. We empower the enterprise with financial and operational insights to support faster and more informed decision-making — all in a platform designed to continually evolve and scale with your organization.

The Inflection Point

Used by over 650 organizations and 60,000 users globally, OneStream is recognized as a market leader by IT industry analyst firms such as Gartner, Dresner Advisory Services, Nucleus Research, BARC and IDC MarketScape and has received the Gartner Peer Insights Customers’ Choice recognition in both Cloud Financial Close and Cloud FP&A solutions.

Top ranks in 38 of 60 categories in the BARC Planning Survey

The highest rating among all vendors and recognition as a Gartner Peer Insights Customers' Choice for Cloud FP&A Solutions

Named a market leader in the 2020 Nucleus Research Value Matrix for CPM software for the third consecutive year

OneStream Software 362 South Street Rochester, MI 48307-2240

+1.248.650.1490

sales@onestreamsoftware.com

OneStream.com

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CASE STUDY: The Carlyle Group

After replacing Hyperion Essbase and an IT-owned reporting solution, Guardian Industries in now benefiting from OneStream's unified platform for consolidation, forecasting, planning and reporting that is owned by the office of Finance.

Guardian Industries

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The implementation of OneStream has resulted in significant process improvements for The Carlyle Group. Consolidating a full year of GAAP actuals was reduced by 4 hours while including significantly more detail than was previously loaded in Hyperion.

The Carlyle Group

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Achieving transparency, control, and governance across Hyperion Insurance's international businesses was the biggest challenge with Anaplan. But now with OneStream the individual businesses can do local management reporting with a deeper level of data for analysis.

Hyperion Insurance Group

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CASE STUDY: Hyperion Insurance Group

CASE STUDY: Guardian Industries

Multiple Points of Maintenance

Multiple Points of Data Integration

Time Spent Syncing and Reconciling Data Across Applications

High Costs of Ownership and Upgrades

Over the past few years there has been limited innovation and declining support for these legacy products. And now, with the end of support looming for older versions of these products – customers are at an inflection point. Which path will you choose?

Support through 2031 No innovation Some modules deprecated

Easier deployment and upgrades Still a fragmented suite with higher cost of ownership Multiple points of integration / maintenance Missing functionality vs. on-premise applications

Over 300 Hyperion customers converted Unified platform that’s easier to use/maintain Innovative, advanced capabilities Easier path to the cloud

Here are your choices

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Upgrade to Oracle Hyperion V.11.2

Convert to Oracle EPM Cloud

Conquer Business Complexity and Lead at Speed with OneStream!

Convert to Another Solution – Like OneStream

If you are a current Oracle Hyperion customer, you know the answer ...

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OneStream’s Key Platform Capabilities

Data Management & Quality

Integrate and validate data from multiple sources and make confident decisions based on accurate financial and operating results.

Accelerate time to value with OneStream’s built-in understanding of accounts, currencies, ownership and intercompany activity across financial close and other processes.

Built-in Financial Intelligence

OneStream supports corporate standards while also satisfying more detailed line of business planning and reporting requirements, all in a single, unified application.

Extensible, Unified Data Model

Enables teams to apply trusted financial intelligence to large volumes of operational data from various sources to detect trends and financial signals that drive informed decision-making at the speed of business.

Analytic Services

Break down the barriers to enterprise-wide adoption of Artificial Intelligence and Machine Learning with OneStream’s built-in AI Services.

AI Services

Your success relies on getting quick, clear and accurate support. Our dedicated support team is available 24/7 to provide rapid and accurate resolutions allowing you to lead at speed. At OneStream, we are dedicated to your success.

World-Class Support

Achieve the security, availability, scalability and performance you need with a modern, extensible cloud platform.

High Scalability and Performance

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Recognized Industry Leader

Our Mission: Delivering 100% Customer Success

More than 650 mid-sized to large enterprises around the world and across industries are using OneStream for planning, financial close & consolidation, reporting, analytics and more. In fact, 70% of our customers replaced multiple legacy applications such as Oracle Hyperion, SAP BPC and IBM Cognos. These organizations have achieved many benefits, including the following:

Unleash the Power of Finance with a Truly Unified Platform

Empower the Enterprise with Financial and Operational Insights

Evolve to Support Growth and New Business Requirements

Replace multiple legacy systems or cloud point solutions with a unified application Reduce the time, effort and cost of maintaining legacy applications Reduce manual steps and accelerate reporting & planning Support corporate and LOB needs Gain flexibility and agility in IT Shifts Finance staff time from admin to value-added analysis

Streamline financial close, consolidation and reporting Integrate financial and operational data across the enterprise Deliver timely and accurate results monthly, weekly, daily and take action Gain agility in planning, budgeting and forecasting Align finance and operations, front-office and back-office Accelerate insights, decision-making & predict with confidence

Accelerate delivery of new applications and business insights Improve finance productivity, spend more time on value-added analysis Deploy new solutions rapidly, and at low costs Support future growth and increased business complexity without new software

Hear Directly from Successful Customers

Check out our customer case studies and testimonials to learn why over 300 organizations have chosen to convert from multiple Oracle Hyperion products to OneStream’s unified platform – and never looked back!

AFL

Herbalife

TerraForm Power

Lucy Group

Terex

Case Studies

Video Testimonials

Webinar Replays

Start Leading at Speed Today

Schedule your demonstration now to learn how OneStream can help you unleash the value of finance, empower the enterprise with insights and prepare your organization for the future.

Unleash the Power of Finance with a Truly Unified Platform

Empower the Enterprise with Financial and Operational Insights

Evolve to Support Growth and New Business Requirements

Global Brass & Copper

Lucy Group

MEC Global

Oxbow Carbon

Video Testimonial: Oxbow Carbon

Video Testimonial: MEC Global

Video Testimonial: Lucy Group

Video Testimonial: Global Brass & Copper

Webinar Replay: Xylem

Webinar Replay: GE Current

Webinar Replay: Victaulic

Webinar Replay: The Carlyle Group

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This is headline text. Sanomat

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The Carlyle Group

Herbalife

Replaced HFM for financial consolidation, budgeting, forecasting, account reconciliations, data collections and cash flow reporting.

Replaced HFM, Hyperion Planning and Blackline with OneStream for financial consolidation, reporting, planning and account reconciliations.

Replaced Hyperion Enterprise with OneStream for financial consolidation, financial and management reporting.

Replaced HFM, FDM, Prophix and Excel with OneStream for financial consolidation, reporting, planning and forecasting.

Replaced multiple Hyperion applications with OneStream for financial consolidation, reporting and account reconciliations.

Streamlined reporting, eased the pain of upgrades and improved visibility into their business with OneStream.

Replaced Hyperion Enterprise with OneStream for financial consolidation, reporting, planning, cash flow forecasting and lease accounting.

Replaced HFM, Hyperion Planning and Essbase with OneStream for financial consolidation, reporting, budgeting and long-term planning.

Replaced multiple Hyperion applications with OneStream for financial consolidation, reporting and account reconciliations.

Streamlined reporting, eased the pain of upgrades and improved visibility into their business with OneStream.

Replaced Hyperion Enterprise with OneStream for financial consolidation, reporting, planning, cash flow forecasting and lease accounting.

Replaced HFM, Hyperion Planning and Essbase with OneStream for financial consolidation, reporting, budgeting and long-term planning.

Replaced HFM, FDM, Prophix and Excel with OneStream for financial consolidation, reporting, planning and forecasting.

Replaced Hyperion Enterprise with OneStream for financial consolidation, financial and management reporting.

Replaced HFM, Hyperion Planning and Blackline with OneStream for financial consolidation, reporting, planning and account reconciliations.

Replaced HFM, Hyperion Planning, FDM and Essbase with OneStream for financial consolidation, reporting, planning, forecasting and transfer profit analysis.

Replaced HFM and three other legacy applications with OneStream for financial consolidation, reporting, budgeting and people planning.

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SAP

ORACLE NETSUITE

ORACLE E-BUSINESS SUITE

WORKDAY

MICROSOFT DYNAMICS

Still not convinced? Sign up for a OneStream Live Demo Webinar. In these 1-hour events, you’ll get a chance to see for yourself how OneStream’s unified, Intelligent Finance Platform helps organizations eliminate the complexity of their IT landscape, streamline critical finance processes and transform Finance teams to value-added business partners who can lead at speed.

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Here Are the Top 5 Upgrade Considerations for Oracle Hyperion Customers

Consideration 1: TCO

Consideration 2: Efficiency

Consideration 4: Risk

Consideration 5: Evolution

Consideration 3: Effectiveness

Did you know organizations that use Oracle EPM Cloud Products for multiple financial close processes (i.e. close management and external reporting) and/or diverse operational planning processes may require multiple instances or environments of Oracle EPM Cloud products to meet their needs? Have you considered that each model, environment, and unique Oracle EPM product requires duplicate and independent integrations to source systems, application specific metadata maintenance, application specific security, along with significant integration and orchestration effort to connect and move data between these applications/models?

Did you know that organizations using HFM for financial close & consolidation along with basic planning, profitability or tax will require multiple Oracle EPM Cloud products to replicate their capabilities? Oracle EPM Cloud means more time spent moving data with multiple integration points across these new applications that require unique and separately maintained integrations, metadata and artifacts (i.e. reports, forms, calculations). Have you considered the impact to your existing HFM users who will now be dealing with newly introduced data silos and extensive training to understand the web of new data integrations that were introduced just to replicate your current process?

Have you had the chance to talk to customer references who’ve migrated their Hyperion solution to Oracle EPM Cloud? Have they been able to replicate the functionality they had with HFM and Financial reporting? What’s been the experience of the Finance team and administrators? Learning from the experiences of other customers through reference calls is an essential step in an effective evaluation. If your vendor can’t provide a substantial number of positive references that should be a warning sign.

Did you know that Oracle discontinued several key capabilities in Hyperion EPM 11.2 including EPM Architect, Disclosure Management, BI+, Strategic Finance and Essbase Analytics for HFM? Has your organization considered the effectiveness of making new hardware, data management, disaster recovery investments without moving forward in functionality?

Today’s pace of change requires Finance teams to future proof their EPM investments with a continually evolving ability to address new financial close, reporting and planning requirements without compromising on their requirements and creating technical debt. Will your organization be able to turn on additional processes such as tax, account rec, reporting, visualizations without spending additional dollars for Oracle Cloud EPM software, environments, and integrations?

For Finance teams looking to chart a new course forward for Finance Transformation, OneStream is inspiring a new standard for corporate performance management.

Still not convinced? Let us help – sign up for a OneStream Conversion Assessment. Our experts will set up a short phone interview to learn about your requirements, find out what Hyperion applications you are currently using and the costs you are incurring, and will do a comparison to what life would look like with OneStream. Just provide your contact information below, and we’ll be in touch within a few days.

For Finance teams looking to chart a new course forward for Finance Transformation, OneStream is inspiring a new standard for corporate performance management.

Consideration 5: Evolution

Consideration 4: Risk

Consideration 3: Effectiveness

Consideration 2: Efficiency

Consideration 1: TCO

Have you had the chance to talk to customer references who’ve migrated their Hyperion solution to Oracle EPM Cloud? Have they been able to replicate the functionality they had with HFM and for reporting? What’s been the experience of the Finance team and administrators? Learning from the experiences of other customers through reference calls is an essential step in an effective evaluation. If your vendor can’t provide a substantial number of positive references that should be a warning sign.

Today’s pace of change requires Finance teams to future proof their EPM investments with a continually evolving ability to address new financial close, reporting and planning requirements without compromising on their requirements. Will your organization be able to turn on additional processes such as tax, account rec, reporting, visualizations without spending additional dollars for Oracle Cloud EPM software and new environments?

Did you know organizations that require support for multiple financial close processes and/or diverse operational planning processes may require multiple instances or pods of Oracle EPM Cloud products to meet their requirements? Have you considered that each pod and unique product requires its own data loading and replication, data reconciliation, security as well as customer integration resources to move data between them?

Did you know that organizations using HFM for financial close & consolidation and basic planning, profitability or tax may require multiple Oracle EPM Cloud products to replicate their capabilities, requiring multiple integration points and time spent moving data? Have you considered the impact to your existing HFM users for change management, training and administrative burden just to replicate your current processes?

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Here Are the Top 5 Upgrade Considerations for Oracle Hyperion Customers

Solution Exchange

OneStream.com Sales@OneStreamSoftware.com

191 N. Chester Street Birmingham, MI 48009 Phone: +1.248.650.1490

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OneStream supports corporate standards while also satisfying more detailed line of business planning and reporting requirements, all in a single, unified application.

Break down the barriers to enterprise-wide adoption of Artificial Intelligence and Machine Learning with OneStream’s built-in AI Services.

The OneStream Solution Exchange allows customers to extend their investment in the platform with more than 75 pre-built business and productivity solutions from OneStream, our partners and our broader ecosystem.

Achieve the security, availability, scalability and performance you need with a modern, extensible cloud platform.

Accelerate time to value with OneStream’s built-in understanding of accounts, currencies, ownership and intercompany activity across financial close and other processes.