Automic Speeds Up Automation for Hyperion Financial Management

Automic Speeds Up Automation for Hyperion Financial Management
12.04.2016 07:45 am

Automic Speeds Up Automation for Hyperion Financial Management

Data , BPM

Automic, the expert in Business Automation software, released Automic Automation for Hyperion Financial Management (HFM). This new integration provides finance and IT teams with unprecedented visibility and control of the entire financial close process, while eliminating 90 percent of normal business processing errors.

“We’re excited to bring our leading automation solutions to Hyperion Financial Management,” said Todd DeLaughter, CEO of Automic. “With today’s announcement, businesses are now able to maximize their ROI in HFM and deliver financial results faster, guarantee compliance and ensure errors do not occur. We look forward to helping our customers optimize the value gained from Hyperion technology with continuous operations.”

In today’s digital economy, organizations require an end-to-end view of business processes to be efficient and agile. Automic for HFM:

Enables businesses to orchestrate and manage a complex and diverse landscape of applications, platforms and technologies.

Ensure control and compliance across the organization to fulfil regulatory and IT audit requirements, with documented audit trails.

Eliminates existing manual processes required for transferring financial data into Hyperion applications.

Support Oracle HFM across cloud, on-premises or a hybrid blend of the two.

Ensures faster delivery of financial results, empowering staff with more time for analysis and comment before publication of financial results.

Decrease latency and eliminate unnecessary manual activities

“Midsize and larger companies perform hundreds or even thousands of manual steps each month, which consume a considerable amount of staff time and prolong the financial close and reporting processes,” said Robert Kugel, Senior Vice President and Research Director, Ventana Research. “Automation can ensure reporting processes are executed consistently and in the correct sequence every time. It also ensures that all accounting and reporting processes are performed exactly the same way across all business units and enterprise systems. As such, automation serves as a high-level control that improves the auditability of this critical process. Automation also eliminates errors that result from manual data entry and reconciliations, improving the quality of the process and increasing efficiency.”

 

 

Related News

Alibaba Cloud and Multi-Lingual Support from the Global MediXchange of Combating Covid-19 (GMCC) programme

Over 440 medical institutions from 104 countries and regions have applied to learn and share experiences in battling COVID-19 through the ... Read more »

NeoXam and ICE partner to bring ICE pricing and reference data to clients

NeoXam, a leading provider of financial data management and transaction software solutions, announced it has integrated ICE Data Services’ pricing and reference data... Read more »

BMLL wins “Best Data Visualization Service" award at the 2020 FinTech Breakthrough Awards

BMLL Technologies has won the “Best Data Visualization Service" award at the 2020 FinTech Breakthrough Awards. The mission of the FinTech Breakthrough Awards is to honour... Read more »

Zortrex launches Zortrex Token Vault

Edinburgh-based Zortrex, a disruptive data security start-up, has launched Zortrex Token Vault. Designed to help organisations reduce the cost and complexity of protecting... Read more »

Path Solutions achieves Microsoft Gold Partner Competency for Data Analytics

Path Solutions, a global Islamic software provider, today announced it has achieved the Microsoft Gold Partner... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel