What is Hyperion Planning used for?

Oracle Hyperion Planning is a centralized planning, budgeting, and forecasting solution that integrates financial and operational planning processes and improves business predictability.

What is Workflow in hyperion planning?

Workflow:- Workflow is a feature that comes up with, Hyperion planning which will enable the end-users application owner to control the budgeting process by planning unit. A planning unit is a combination of Scenario, Version, and Entity dimension members.

How many plans are there in Hyperion Planning?

You can have up to three plan types for Planning applications, and two for separate modules. You cannot change the name or number of plan types after creating an application.

Is Hyperion the same as Oracle?

Many of its products were targeted at the business intelligence (BI) and business performance management markets, and as of 2013 were developed and sold as Oracle Hyperion products. Hyperion Solutions was formed from the merger of Hyperion Software (formerly IMRS) and Arbor Software in 1998.

How to start a planning unit in Hyperion?

To start a planning unit for any entity member enable the radio button under plan start then it should display a message saying the planning unit has been started. And the process status will be changed to pass.

What kind of software is Hyperion Planning software?

Hyperion Planning: Hyperion Planning is the product in the Oracle Enterprise Performance Management Software Suite which is an industry-leading Business Intelligence software package.

Why do you need approvals in Hyperion Planning?

At times it seems as if fifteen different versions of the budget are floating around and deadlines are missed several times or even ignored. This is why Hyperion Planning includes an approvals process that can be used to control data submission, review, and finalization.

How is Hyperion used in the financial industry?

Hyperion allows the businesses to integrate and manage the goals, strategies, and their execution. It runs on a unified platform. Mostly, it is used in financial analysis and reporting. Prepare yourself for the industry by going through this Top Oracle Hyperion Interview Questions and Answers!