With an industrial training in Delhi, aspirants can enter into lucrative Oracle Hyperion careers. Bought by Oracle in 2007, Hyperion is a database. It allows quick access to data. Being a business intelligence system, it supports better decision-making. Internally, the system uses processes, technologies and applications for analysis. There are three components to this system, namely, Essbase, Hyperion Planning and Hyperion Financial Management (HFM) and financial reporting.
- Essbase – Expanded as Extended Spread Sheet Database, is a multidimensional database management system. It is a platform upon which analytic applications are built.
- Hyperion Planning – Is used for preparing budgets and forecasts. Utilizes Essbase in the backend. Has a web-based user interface.
- HFM – Is a web-based application providing analytic functionality including global financial consolidation and reporting.
What does an Oracle Hyperion Financial Management Consultant do?
All jobs want personnel who can successfully implement this application based on business needs and drivers. A consultant in this sphere works closely with clients and end users. They define requirements and scope of the project. Based on requirements, installation, development and implementation of HFM solutions is performed. The consultant may be required to have basic knowledge of accounting, budgeting, reporting, financial consolidations, and forecasting.
Depending on the organizational needs, this person will also write reports, load metadata, design calculation models, and document architectural designs. Guidance for enabling oneself with job-ready skills is provided by a reputed institute imparting Oracle training in Delhi. At such an institute, candidates interact with trainers who understand industry requirements and impart practical education accordingly.
Why organizations use Oracle HFM?
This tool combines planning, design and reporting features. The application supports process management, currency translation and a myriad of web delivery mechanisms. All of this collectively makes this tool an enterprise financial information management, reporting and analysis tool. Undergoing widespread adoption by medium to large sized companies, an industrial training in Delhi of this tool provides numerous job opportunities.