Financial Consolidation

Naturally, you want to ensure that your organization realizes the highest value from your investment, now and in the future.

AdvancedEPM can provide the following services as related to Hyperion Financial Management (HFM):

  • Conversions from Hyperion Enterprise to HFM
  • Upgrades to EPM Fusion 11
  • New implementations of HFM with a Proven methodology for rapid and effective deployments
  • Integrations for large scale mergers and acquisitions
  • Re-Designs on existing HFM application to provide enhances functionality
  • Executable roadmaps for HFM application optimization
  • HFM Health Checks and Assessments
  • HFM Training and Documentation
  • HFM Application Managed Services

AdvancedEPM’s HFM certified consultants bring extensive HFM product experience coupled with
backgrounds in finance and accounting. Our HFM consultants have CPA’s, MBA’s and have worked in audit, finance or accounting prior to joining the AdvancedEPM team. Therefore, we can bring the proper depth of knowledge in accounting processes to make recommendations for your organization outside of HFM’s basic functionality. AdvancedEPM’s accounting-based HFM solutions include:

  • Phased Financial Close Calendars
  • US GAAP and IFRS Adjustments
  • XBRL and 10Q/10K Process Improvements
  • Intercompany Visibility and Automation
  • Chart of Accounts Redesign
  • HFM Foreign Currency Analysis
  • Enhanced Cash Flow Analysis
  • Tax Reporting
  • Sarbanes-Oxley Compliance

We help organizations transform and streamline their consolidation processes, delivering distributed systems that gather relevant information from disparate subsidiaries, companies and cost centers to deliver financial reporting to management at a local level. This can then be submitted upward through the organizational hierarchy, where it can be consolidated and used for both internal management reporting and to prepare the external statements that are used, for example, in the month end and Annual Reports.

Some of the benefits organizations achieve through implementing financial consolidation
solutions include:

  • Automated data collection speeds up consolidation and reporting to support Fast Close objectives
  • Standardized management reporting
  • Reports that are designed to comply with strict accounting and statutory regulations
  • Granularity, transparency and auditability of consolidated financial results for audit and regulatory

AdvancedEPM is an Oracle Certified and Specialized Platinum Oracle Partner. Our HFM consultants workdirectly with the Oracle HFM Product Development team and Engineering Team on future
functionalityand enhancements of HFM.

Our approach utilizes pre-built, customizable templates (models, forms, reports and business logic)
reducing development cycles and project cost. After a rapid implementation process, your organization
will have a new enterprise financial management process and system that reduces time spent on the
close and quickly produces meaningful results to the chief decision makers in your business.