Hyperion Financial Management (HFM)

Oracle Hyperion Financial Management (HFM) is a financial consolidation and reporting application built with advanced web technology. It provides financial managers the ability to rapidly collect, consolidate and report financial results across various GAAPs and meet global regulatory requirements. HFM helps reduce the cost of compliance and deliver confidence in the numbers.

WizProTek's certified HFM consultants with deep functional and technical knowledge have been helping clients across the globe to streamline their consolidation and reporting close process through HFM.

Including new HFM implementations, WizProTek has delivered solutions involving:

  • Solvency II requirements
  • Multi-GAAP reporting and consolidation
  • Consolidations involving complex ownership structures
  • Large scale mergers & acquisitions
  • Conversions from Hyperion Enterprise to HFM
  • Migrations & upgrades for existing HFM applications

WizProTek HFM Service Offerings:

  • Full project implementations.
  • Designing new applications to meet Legal, Segment and Management Reporting.
  • Consulting clients on Chart of Accounts and Entity structure rollups to meet their internal and external reporting requirements.
  • Application reviews.
  • Redesign of existing applications for enhanced functionality.
  • Migrations & upgrades.
  • HFM Optimization and Performance Tuning.
  • Data & system integrations for large scale mergers & acquisitions.
  • Sarbanes Oxley.
  • Compliance Support.
  • Customised functionality such as GAAP reconciliation, cashflow automation.
  • Administration of HFM.
  • Client specific training & documentation.

Know more...

  • "WizProTek combines techno functional expertise with best practices to provide out of the box solutions be it for consolidation and reporting, planning and budgeting or even multi gaap convergence and compliance ."

  • "We work extensively with clients to help them address their long term as well as medium term planning challenges."

  • "We have a rich experience in implementing IFRS compliant reporting solutions. We have partnered with several significant corporations during their initial IFRS convergence as well as subsequent reporting under IFRS environment."