Oracle Press Release

Oracle Announces New Release of Oracle® Hyperion Strategic Finance

Component of Oracle Fusion Middleware Enables Improved Predictive Modeling and Reduced Forecasting Time

Redwood Shores, Calif. – February 11, 2009

News Facts

Further extending its leadership in enterprise performance management (EPM) and business planning, Oracle today announced availability of Oracle Hyperion Strategic Finance Fusion Edition R11, a financial modeling application that lets executives understand the full financial impact of alternative corporate strategies.
The new release features integration with Oracle Crystal Ball, a spreadsheet-based application for predictive modeling, forecasting, Monte Carlo simulation and optimization. The combination of Oracle Hyperion Strategic Finance and Oracle Crystal Ball helps organizations manage risk and uncertainty in capital investment and financing decisions.
The release also features new integration with Oracle Hyperion Financial Data Quality Management. This allows for automated data sourcing from systems like general ledgers, budgeting and consolidations systems. Users will have the ability to drill back to the source system, providing an audit trail and more confidence in the data.
Oracle Hyperion Strategic Finance is part of Oracle’s EPM system, which helps organizations achieve management excellence by uniting category-leading performance management applications, pre-built business intelligence (BI) applications and BI tools, into a complete and integrated system for managing and optimizing performance across business functions.

Delivering Value to Partners and Customers

The latest release of Oracle Hyperion Strategic Finance helps partners and customers extend the value of their current investments in Oracle financial planning and modeling applications with new risk and uncertainty management capabilities as well as automated data integration.
The release delivers a number of key benefits including the ability to:
Improve forecast accuracy by quantifying probability and risk in critical financial and operational decisions.
Enhance data integration and drill-back capabilities;
Reduce risk by identifying key risk drivers in forecasts and simulating alternatives to optimize results;
Communicate risks through graphs, charts and reports that support decisions and can be shared across the enterprise;
Reduce forecasting time by utilizing easy to use simulation tools that can be run within minutes;
Extend EPM investment by leveraging existing spreadsheet and EPM technologies;
Making informed management decisions by quickly seeing the effects of plan changes throughout the model; and,
Link strategic plans to budgets and analysis by automatically sharing financial models with Oracle Essbase and Oracle Hyperion Planning.

Supporting Quotes

"In today’s highly uncertain economic environment, businesses are looking for ways to better manage risk and improve the accuracy of their forecasts,” said Bill Guilmart, vice president of EPM Product Management, Oracle. “Oracle Hyperion Strategic Finance R11 allows analysts to improve their forecasts by using Crystal Ball’s simulation capabilities in their financial models and better understand the risk factors impacting their business.”
“Our clients are interested in integrating Oracle Crystal Ball with Oracle Hyperion Strategic Finance in order to simulate the effects of key drivers on their critical performance metrics and to report the results”, said Brad Malis, Director at Bluestone International, LLC. “The ability of Crystal Ball to manage input distributions and reports, combined with the modeling capabilities of Hyperion Strategic Finance, will allow users to generate powerful scenario analysis, more accurate forecasts and high quality output.”

Supporting Resources

Download free, evaluation versions of Oracle software. Terms, conditions and restrictions apply.

About Oracle

Oracle (NASDAQ: ORCL) is the world's largest business software company. For more information about Oracle, please visit our Web site at http://www.oracle.com.

Trademarks

Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.

Contact Info

Eloy Ontiveros
Oracle
+1.650.607.6458
eloy.ontiveros@oracle.com

Kristin Reeves
Blanc & Otus
+1.415.856.5145
kreeves@bando.com