EPM Stack of Tools...Is it worth the money?
Rating: 10 out of 10
IncentivizedUse Cases and Deployment Scope
Hyperion, in general, is an enterprise application. Hence the Enterprise portion of the name Hyperion Enterprise Performance Management (EPM). It addresses multiple business problems as the toolset itself ranges from metadata management to consolidation close. Essbase and Planning are the most widely used applications from the EPM stack of tools. Essbase is a powerhouse of the tool giving you a multidimensional look at the data within the enterprise landscape.
Pros
- It gives you the ability to look at your dataset in a multidimensional way.
- You can create ad-hoc reporting using smart view on top of the Essbase cube.
- It gives you the ability to manage multiple dimensions in one centralized place using DRM.
- Simplifies the close process with HFM.
Cons
- Interfacing with in its own tool sets. I believe that applications should seamlessly talk to one another.
- Built-in validations that are commonly used should come with the applications.
- Take away the templates that come with DRM. They are no good.
Likelihood to Recommend
There are way too many scenarios that EPM could well suited for. It's a suite of applications. You can do dang near anything you need.
Where is doesn't excel because it shouldn't is interfacing with ERP systems. This will always be an issue as the developers of the ERP systems are never in touch with the developers of EPM.
Where is doesn't excel because it shouldn't is interfacing with ERP systems. This will always be an issue as the developers of the ERP systems are never in touch with the developers of EPM.
Vetted Review
10 years of experience