What to do you mean by Oracle Hyperion Planning?

Oracle Hyperion Planning is a centralized planning, budgeting, and forecasting approach that enhances business predictability by integrating financial and operational planning processes.

  • Reduce the time it takes to schedule, budget, and forecast by weeks or months.
  • Plan and forecast accuracy can be improved.
  • Reduce the learning curve for users by using a Microsoft Office-based gui.
  • Reduce the time it takes for plans to be revised and reports to be refreshed.
  • Improve device implementation, management software, and bundled data integration to lower the total cost of ownership.
  • You can deploy in the Oracle Cloud, on-premises, in a third-party data center, or a combination of these options.

If you work in the Oracle BI industry, you'll notice that the methods we use fall into two categories: those that require mostly technological knowledge and those that require some business knowledge. For example, Discoverer is just a query tool that you can learn from beginning to end without having any prior knowledge of how it works. The Oracle BI Enterprise Edition is the same, while BI Applications usually demand that you know as much about the source system as the tool itself.

What is hyperion planning?

Oracle Hyperion Planning, on the other hand, has always piqued my interest because it's built on top of Essbase, and most of us have made financial plans at some stage. They could be to figure out whether we can afford a new vehicle or to pay off a credit card, or we could be in charge of a department and asked to plan out staffing and payroll for the next year.

As a result, it's a method that most of us can relate to, and if you're a company director like me, it's something you might see yourself using. So, what exactly is Hyperion Planning, what does it do, and what is the technology behind it? Is it something you might set up at home as a bit of self-study, and how much does it draw on your Essbase (and ETL) knowledge?

Oracle Hyperion consultant, an application that sits on top of the Essbase OLAP server and is used for planning and budgeting. The tool lets you work with standard dimensions like time, year, scenario, person, and accounts, as well as custom dimensions like product and geography, to create an Essbase cube into which you can input budgeting and planning data.

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