How do you Plan?
Hyperion Essbase does Planning well. You can go through a requirement, design and build project phase cycle and implement Hyperion Planning and it will work. You may even get some high-fives along the way that indicate a job well done.
But did that build phase accommodate and capture the needs of a dynamic business process that changes year over year? Do you need to bring back a team of Consultants to integrate new acquisitions or overhaul your metadata and calculation requirements?
Corporate Performance Management needs to be smarter, and it indeed is now smarter with OneStream Software.
– Hyperion Essbase represents CPM 1.0 — a complex, fragmented collection of tools that are poorly integrated and do not provide the level of support required to keep up with the speed of modern business.
– Comparatively, OneStream Software represents SmartCPM™ — a unified, modern CPM platform that provides more advanced capabilities for global organizations.
Specific to Planning, OneStream XF allows organizations to spend less time collecting data and more time analyzing results to accelerate Planning cycles and support decision-making across the enterprise.
Why Hyperion Essbase is No Longer Ideal for Planning
The CPM applications offered through the Oracle Hyperion software suite have become too costly and complicated for organizations to deploy, maintain, and upgrade. This includes Essbase, which must be compatible with other software tools utilized by your organization to gather reliable data to get the most value for Planning.
The result is that multiple instances of Hyperion applications are required to address the needs of both corporate and subsidiary or business unit Planning requirements. Plus, this creates a difficult challenge attempting to create an enterprise-wide view of performance using Essbase.
Additionally, users of Oracle Essbase often run into database problems or data retrieval issues that require IT support to resolve. However, either the organization’s IT team is unable to solve the data issue or the Essbase administrator does not have time to provide a resolution in a timely manner.
The lack of integration and the common issues using Oracle Essbase create a constant headache for executives and managers attempting to spend more time focusing on forward-looking Planning that can drive organizational decision-making.
Why OneStream XF is the Ideal Solution for Planning
In the SmartCPM™ environment led by OneStream Software, all of the tools naturally live and work on the OneStream XF platform.
OneStream took the complexity out of using CPM solutions by building one product that has a full set of capabilities to meet the needs of sophisticated business challenges such as Planning.
OneStream created a series of capabilities that all work together so that organizations don’t have to try to do the hard part of integrating or connecting separate technologies together, which is the case in a 1.0 CPM environment.
In the unified SmartCPM™ platform, data is reliable, automated, and sourced to ensure the integrity of information used to support strategic planning.
Using OneStream XF, organizations can drive long-term strategy, analyze alternative value creation scenarios, pressure-test assumptions, and flex key value drivers to evaluate the impact on financial results.
This approach drives toward a central need for global organizations operating in today’s business environment to be able to answer “why” and “what if?” Planning questions, not settling for the reactive “what happened?” questions typical for Planning in a CPM 1.0 environment.
Get Even More Detailed in the OneStream XF MarketPlace
OneStream has a series of Specialty Solutions in the OneStream XF MarketPlace that live and operate in the OneStream XF environment.
There is no complicated integration challenge or the need for multiple software upgrades. The solutions in the OneStream XF MarketPlace are not bolt-on products; they are extensions of the OneStream XF platform that can be selected to meet your specific and detailed Planning needs.
Specifically, OneStream allows organizations to perform detailed operational Planning through a full set of Specialty Planning solutions that include:
- Capital Planning
- Cash Planning
- People Planning
- Sales Planning
- Thing Planning
Using these Specialty Planning solutions and leveraging the power of the XF Platform including Relational Blending and the Specialty Planning Engine, organizations can visualize the impact of Planning decisions on profitability and margins with “what if?” driver-based Planning.
Each XF MarketPlace Solution is free to download for any OneStream customer with a license to the XF Platform.
Not all data belongs in the Cube, transactional or operational data is more manageable in a Register or relational data table to support the needs of dynamic business processes. OneStream XF enables this capability using Relational Blending data concepts.
Reduce and eliminate the need of complex metadata management processes that are inherent in Essbase and other legacy CPM solutions.
Work with HollandParker to Advance from CPM 1.0 to SmartCPM™
Our CPM consulting firm has a deep understanding of the challenges migrating from outdated, legacy CPM solutions to OneStream XF.
For organizations that have relied on Oracle Hyperion software and the Hyperion Essbase database for Planning, we can walk through the comparative benefits of utilizing OneStream XF and the OneStream XF MarketPlace to make more informed Planning decisions.
As a Diamond OneStream Implementation Partner, we are prepared to help your organization get the most out of your CPM solution to support
decision-making across the enterprise.
To find out more about our OneStream implementation support or to schedule a free consultation with our team, contact us today.