The financial close can be a burdensome and time consuming process hampered by manual consolidation of spreadsheets or IT intensive consolidation of ledgers.
Regulatory compliance further complicates the process requiring multiple versions of financial reports. Cycle times, resource requirements and compliance costs can only be reduced as efficiency and accuracy increase – something CDS can help you achieve.
CDS leverages the inherent power of the Hyperion Financial Management platform and delivers a solution custom-fit for your financial team that streamlines their operations. We have experience and knowledge in Hyperion technology and how your finance group works, so we can identify best-fit components.
The Hyperion Financial Management platform features financial controls, workflow and best-practices built-in to support:
Audit Trails and Activity Logs
US GAAP and IFRS Reporting
Sarbanes Oxley (SOX) Compliance
Foreign Exchange Translations
Oracle Hyperion Financial Management reduces consolidation and reporting cycles by eliminating redundant data entry and manual checks:
With Hyperion Financial Management, finance organizations spend less time crunching numbers and more time as a strategic partner to the business.
HFM automates and improves the timing and efficiency of the month end close, including consolidation and foreign currency translation.
Its structure integrates easily not only with other Hyperion products but also with your existing infrastructure.
While HFM is a web software application, it also has an add-in with Microsoft Office, called Smart View, which allows users to forecast or budget in Microsoft Excel, an environment comfortable to most finance users.
Financial Management Implementation
Through an HFM implementation, CDS can help your organization dramatically reduce its consolidation, closing and reporting cycles. Our consultants combine extensive Oracle Hyperion implementation experience with real world accounting and finance backgrounds to provide the best solution to your consolidation and reporting process.
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 chief decision makers in your business.