Hyperion Planning – budgetary planning and control

ORACLE’s Hyperion Planning software package is regarded as one of the world’s most advanced systems for the carrying out of budgetary planning and control. It enables the exercising of centralized controls over all budgetary planning and over projections.

Hyperion Planning is a web-based system which supports the maintenance of both centralized and decentralized budgets, and provides a comprehensive solution for planning and projection for large as well as small organizations who are having financial and operational requirements.   This system is event-based, thereby enabling the organization to document and monitor business planning performance and to translate business targets into operative goals.  The system enables the carrying out of planning and budgeting in various levels and cross-sections, starting from the individual level of the business unit, and operates within the organizational targets framework of time, versions, project, product, account and/or any other dimension in accordance with the organization’s focus.

The Planning system supports the process of managing human resources via a Work Flow (WF) mechanism as well via a mechanism for the management of tasks (Task-List) – both of which are built-in in the system.  Budgetary planning can be carried out using the Targeted Budget method – i.e. using a “Top Down” target budget – or by using the “Bottom Up” method for a budget which is being built from the ground up.     The system enables the setting up of unlimited number of budget models designated to handle various subjects, such as: HR planning, investment planning, project planning, cash-flow planning, and more.

ORACLE’s Enterprise Business Planning Solutions provide pre-designated systems which support target planning processes, such as:

Workforce Planning

An optional model which enables a quick and efficient planning of the human resources available to the organization, calculating base wages and overwork and handling all other aspects relating to human resources and to wages.

Capital Asset Planning

An optional model which enables the planning of various types of organizational assets, both existing and new, and the carrying out of a calculation of depreciation, holdings and of inter-unit transfers, whilst providing the tools to investigate the effect of these over cash-flow, profit/loss and over the company’s balance-sheet.

Integrated Operational Planning

A module which enables the linking of management’s financial plans and budgets to operational budgets, such as: a detailed sales budget which is based – for example – on prices specified in a catalog of products, operative production plans, and more – whereby the goal is to create integration between the management’s budgets and the operational budget. Such integration will then be based on operational data.

Public Sector Planning and Budgeting

This is a planning system which was developed specifically for the planning of budget and for making budgetary projections for public sector institutions.

The benefits of this solution for budgetary planning, projection and control

  • Providing tools for efficient management of budgetary processes, and for the carrying out of controls over the budget by using a centralized system which incorporates all the data required for preparing the budget and budgetary projections. The system is used by all the entities which participate in the process and shortens the time for the gathering and analyzing of data coming from the various departments.
  • Setting up and assimilating uniform methods and processes for all budgetary units within the organization – this facilitates an effective and transparent management of, and control over budgeting within the organization.
  • The system supports the entire managerial process which is required for a decentralized budgetary planning of all budget holders within the company. This includes task management.
  • Significantly decreasing the scope of manual work.
  • A significant cut down in the time frame required for preparing the entire budget, so that planning time is also significantly cut down, and any errors made during the planning process are reduced to a minimum.
  • A significant reduction in manpower – the process require less human resources, and from an IT perspective – ownership costs (TCO) are being reduced.
  • A detailed follow up and monitoring of progress vis-à-vis planning at budget holder level as well as on the level of the company as a whole.
  • Summarized data of actual results – derived from all financial and operational systems within the company – down to the level of the company/division/organizational unit/customer/product (or product line)/period.
  • An option to generate relevant managerial reports to be utilized by the management and for ongoing managerial purposes.
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