July 2, 2008

A lot of people have been asking me for more details on the new Profitability Management application that sits on top of Essbase. It's been demoed for months now, but all the demos are very light on specifics. Thankfully, Jennifer Toomey from Oracle has put together a "statement of direction" for what they're calling "Hyperion Profitability and Cost Management, Fusion Edition."

It's only 4 pages long, but it goes into more detail than I've seen anywhere else on exactly what features are going to be in the product:
http://www.oracle.com/appserver/business-intelligence/hyperion-financial-performance-management/docs/hyperion-profitability-and-cost-management-sod.pdf

Per the PDF, here are the key features of Profitability Management:
  • Business user driven profitability management
  • Flexible allocation platform
  • Traceability maps
  • Business rules engine
  • Model validation reporting
  • Hierarchy and dimension management
  • Multidimensional allocation
  • Powerful analysis and reporting
  • Integration with other EPM apps
Have a look at the PDF and come back here to discuss what you think about the new application.

1 comment:

Prashanth _ODTUG said...

Could this be an attempt to bring out another Financial App that will help the auditors/clients tie in more closely with the Sarbanes Oxley guidelines ?

I am not sure if it is open to being integrated with HFM moving forwards...but, I've willing to wait and watch to see what the product is all about.