The new version features a pre-packaged source adapter for SAP financial data
Oracle has introduced Oracle Enterprise Performance Management System Release 22.214.171.124, which unifies performance management and business intelligence to support a broad range of strategic, financial and operational management processes enabling organizations to become smart, agile, and aligned.
Oracle said that the new release features a pre-packaged source adapter for SAP financial data that reduces the complexity and costs of loading that data into Oracle Hyperion performance management applications and Oracle Essbase.
In addition to new data integration capabilities, Oracle Enterprise Performance Management System (Oracle EPM System) features expanded localization features for Asia Pacific, Latin America and European markets.
According to the company, Oracle Hyperion Financial Data Quality Management, a component of the Oracle EPM System, which manages the movement and preparation of financial data, now delivers a prebuilt adapter that integrates SAP General Ledger data directly into Hyperion Financial Management, Hyperion Planning, Hyperion Strategic Finance applications as well as Oracle Essbase for financial reporting, budgeting, and forecasting.
Hyperion Financial Data Quality Management, in conjunction with the adapter, improves control of SAP corporate data by automating the collection, mapping, validation and movement of the data from the general ledger system into Hyperion applications and Essbase.
Hyperion application users have the ability to drill back to the source system. For example, if an expense in Hyperion Planning requires investigation, the user can drill through Hyperion Financial Data Quality Management to view the transactional details of the account in SAP.
With Hyperion Financial Data Quality Management, organizations are expected to develop standardized financial data management processes and validate data from any source system while helping to reduce costs and complexity. Built on service-oriented architecture standards, the Oracle EPM System is hot-pluggable and integrates with non-Oracle data sources and platforms.
Bill Guilmart, vice president of EPM product management at Oracle, said: We’ve taken a major step forward in helping organizations using SAP Financials to extend their operational excellence to management excellence by creating a direct link to Oracle’s Hyperion applications. The new SAP adapter will enable organizations to efficiently load SAP general ledger data into Hyperion applications and to drill through to SAP Financials, enabling faster reporting and planning cycles, better data transparency and accurate results.