INFORMATION INDEPTH NEWSLETTER
Business Analytics Edition
Oracle Corp
June 2012 Stay Connected: TwitterFacebookLinkedInYoutube
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Strong Adoption by Financial Services Makes Oracle Hyperion Data Relationship Management One of Oracle's Fastest-Growing Products

Amid rising pressure to produce financial statements of the highest accuracy, Oracle Hyperion Data Relationship Management has become one of Oracle's fastest-growing products.

Oracle Hyperion Data Relationship Management provides a formal, rules-driven collaboration process for synchronizing changes to financial master data and shared enterprise dimensions across ERP, data warehouse, BPM, BI, and other enterprise applications.

Oracle Hyperion Data Relationship Management has been particularly popular among financial services organizations. However, the solution delivers a range of business benefits to customers across industries, including improved decision-making, lower operational costs, and increased reporting integrity.

“Using Oracle Hyperion Data Relationship Management, we have eliminated duplication of effort, reduced errors, and increased control and audit transparency in managing dimensions," explains says Kulbir Sandhu, head of global Hyperion and Oracle Business Intelligence systems, Experian. "In addition, we have improved global reporting, and established a foundation for future growth and integration of acquisitions."

Why Financial Services?
Adoption among financial services organizations has been particularly strong, which makes sense since they face strict regulatory and reporting requirements.

At the same time, they must solve complex reporting challenges, since typically they consist of highly segmented business units that operate separately. They must be able to synchronize all the dimensions and key performance indicators that drive internal and statutory reporting.

Rapid consolidation in the financial services industry has also driven demand for Oracle Hyperion Data Relationship Management, which has proven to be an ideal tool to model combined balance sheet income statements, cost centers, and legal entity structures.

Harmonizing Business and IT
"As financial services companies change to accommodate business-driven initiatives or macroeconomic conditions, modifications to financial reference data requires a combination of precision and human judgment to maintain alignment," explains Sophia Tseng, director, Enterprise Performance Management Product Marketing. “Oracle Hyperion Data Relationship Management provides a framework through which to make these changes through enforcement of data governance policies and through modeling the impact of changes to enterprise dimensions.”

With Oracle Hyperion Data Relationship Management, business users can directly manage changes in financial or any other critical reference data, but IT still controls the process and enforces business rules.

In addition, full audit trail capability and historical version storage support the needs of highly regulated industries.

Oracle Hyperion Data Relationship Management enables organizations to
  • Ensure reporting integrity
  • Control and secure financial and other master data across the enterprise
  • Establish audit controls and accountability
  • Centralize, automate, and simplify complex business rules management
  • Accelerate financial reporting and reduce reconciliation issues
Learn more about Oracle Hyperion Data Relationship.

See an Oracle Hyperion Data Relationship Management demo.
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