Since the release of Enterprise Planning & Budgeting (EPB) and then Oracle’s acquisition of Hyperion many business have been wondering what migration (if any) should take place with their Oracle Financial Analyzer (OFA) systems.

 

Oracle has issued a de-support notice (Note:365197.1) for OFA so businesses should be beginning to look at possible migration even if in the short term they chose to do nothing while they assess the situation. Error Correction Support ends at the end of 2009 with Extended Support finishing at the end of 2010. What will happen on 1 st January 2011? Will your OFA system still work? It is likely that OFA will operate as normal, but consideration must also be made to the Operating System and the vendor’s support of this.

 

Oracle recently announced that the Hyperion modules are the Performance Management Applications Strategic Products for the future.

 

Domain	Products
Strategic Planning	Hyperion Performance Scorecard Hyperion Strategic Finance Crystal Ball
Planning & Budgeting	Hyperion Planning Hyperion Workforce Planning Hyperion Capital Expense Planning
Financial Close Management	Hyperion Financial Management Hyperion Financial Data Quality Management
Cost and Profitability Management	New Profitability Application (CY2008) Peoplesoft Activity Based Management Oracle EBS Profitability Management Oracle OFSA

 

The migration path for OFA will now be Hyperion Planning, but as you can see from the table above there are many options available to meet either existing or future business requirements. Hyperion is an established technology with many reference sites and over the coming months we will look into each of the Business Domains above and look at the key differences between OFA and Hyperion.

 

Please forward your comments or thoughts for inclusion within this on-going debate to us by clicking here – all comments will remain anonymous.

 

inOApps have specialist skills and experience with Oracle Financial Analyzer and are available to help:

• Review,
• Documentation if missing;
• Recommendations for housekeeping tasks;
• Migration path, if necessary;
• Performance / Size Improvements.
• Training,
• User Training,
• Administrative Training,
• Incorporation of Statistical or Operational Data,
• Expanding for budgets / forecasts or rolling forecasts,
• Financial Models/Report Changes.