Ushering in the New Era of

Hyperion Strategic Finance

Posted on April 3, 2013 by rmeester

Welcome to the first installment of our new Hyperion Strategic Finance

(HSF) blog series. Edgewater Ranzals HSF team has been working closely with
Ranzals other Hyperion practices (HFM, FDM, Planning/Essbase etc.) to hone in
on how HSF can be utilized to its full potential in accordance with the other
product offerings. As part of that process we felt it was important to start a
dialogue (blog) to share some of our insights on various topics ranging from new
product release info to cutting edge integration best practices. We are hoping
this series will be a good resource for you and your organization on your HSF
journey.
Given the major changes to HSF in the 11.1.2.2 release, and the exciting product
roadmap ahead of us, I thought it would be good to start the series by
discussing The New Era of Hyperion Strategic Finance.
SoWhats new?
With the 11.1.2.2 release comes probably the most significant change to the
product since it was acquired by Hyperion. A shift in the user interface from a
traditional thick client to an Excel based Smart View Add-in is at the core of the
change. The enhancement enables the end user to perform the majority of HSF
modeling activities directly in an Excel workbook. With this change, the legacy
reporting in the HSF client has beenREPLACED with Excel reporting via Smart
View. This means that those who choose to implement 11.1.2.2 will be required
to use the Smart View based reporting and/or export the data to an external
database (i.e. Essbase) to utilize other reporting tools (i.e. Financial Reports,
OBIEE etc.). For any current HSF users looking to upgrade, it is important to
note that the process of upgrading to 11.1.2.2 automatically converts existing
HSF reports into the Smart View format, however, existing charts/graphs will
need to be rebuilt and some formatting issues have been identified which may
require some re-work. While this does introduce a big change for end users, it
also presents a great opportunity by opening up native Excel functionality like
allowing the use of Excel graphing, conditional formatting, highlight sums, and

the group / ungroup data feature etc. To view the full list of new features you can
look through the 11.1.2.2 Read me, available here.

Why make the change?

Some existing clients have asked me why this change was made in the first
place. The answer is really two-fold:
1. Tighter Integration with Hyperion Planning: If there has been one
consistent theme throughout all of my meetings/conversations with Oracles
HSF/Planning development team it has been a desire to continuously improve
the integration between Hyperion Planning and HSF. The integration Im
referring to doesnt stop at data, but also includes seamlessly integrating the
end user experience. Everything from selling the tools as a combined solution
(i.e. bundled pricing) to having both HSF and Planning users interact with the
tool in a similar manner (i.e. Smart View) have been or will be addressed. Below
I will outline some additional roadmap items that are planned that will continue
this theme.
2. Reporting: All legacy HSF users that have spent time creating, formatting,
and modifying HSF reports are well aware that reporting has NOT been an area
of strength previous to 11.1.2.2. Both Oracle and our implementation team
consistently receive requests to have HSF reporting operate more like Excel.

This move is a direct response to those requests, and it is definitely a big step in
the right direction.
Current Challenges:
As with any major change / new release there are going to be some growing
pains and the 11.1.2.2 release of HSF is no different. We have been working
closely with Oracle over the past couple of months to identify any issues, make
recommendations, and test fixes that have been applied. The main point I want
to make clear is that from a functional perspective the tool has the EXACT same
capabilities. You are simply changing the wayyou do things, not what can be
done. There is a bit of a learning curve to understand the new menu bar, short
cut keys etcbut in general it still functions much like its predecessor with the
added benefit of the Excel look and feel.
A couple of things to look out for if you will be implementing AND going live prior
to the 11.1.2.3 release:
1. Issues with large numbers of active reports: We have experienced
some performance issues when working with a file that has numerous reports
(standard or freestyle) open at once. This includes reduced speed of the check
out / in process, flickering upon calc/refresh, and occasional freezing of the
application. Currently, the product seems to work more seamlessly when
working with just the accounts tab or 1-2 reports, however, fixing this is at the
top of Oracles priority list and we expect it to be addressed sooner rather than
later.
2. Renaming of Time Periods: You want to avoid renaming the default time
periods in the entities (i.e. Changing 2013 to FY13). In the current release this
can cause some calculation issues in system regarding the funding routine.
Again, this has been identified by Oracle and is expected to be resolved in the
next patch set or release.
3. Smart View Parity: There are some features that are not currently in the
Smart View interface which may require users to revert back to the old HSF
client. Some of these features include the debt/depr schedulers, ECM/ACM etc.
This means that the end user may have to jump between interfaces in certain
instances. The good news is that these features are expected to be added to
the Smart View functionality in the next release (11.1.2.3) and can still be

utilized in the traditional client if need be. To see a full list of these items look to
the 11.1.2.3 roadmap column below.
4. With the change in the technology, come some changes to the
infrastructure component, so it is important to discuss these requirements
with your technical team to diagnose hardware and software needs before
moving forward. It is also important to note that the upcoming release of
11.1.2.3 will NOT be backward compatible with 11.1.2.2. So, if you have a
multiproduct implementation with integration components you would need to
upgrade the entire suite.
Product Direction / Road Map

The above picture is a snap shot of the HSF roadmap given to me by the Oracle
product team. You can see the current release (as of this blog post) on the far
left, calendar year 2013s scheduled release (11.1.2.3) in the middle, and the
subsequent releases on the far right. The focus this year is to truly stabilize the
Smart View integration and incorporate all of the standard features of the thick
client into the Smart View interface. The exciting part of this is how the changes
in 11.1.2.2 have set up the product for even more advancement in the future.
Post 11.1.2.3, a lot of the heavy lifting for HSFs major changes will be
complete. This will allow the team to focus on true feature enhancements like
adding a monthly depreciation scheduler or addressing the concept of parent
level scenario modeling (possibly an idea for a future blog post!). In addition, if

you look at the future direction, in the Enterprise Readiness section, you will see
items such as LRP Integration to Planning, Automated Data Loads, DRM support
etcThis represents a future state which allows a user to manage both data and
metadata in a consistent manner between HSF, Planning, and Essbase. Imagine
a world where you can have one excel worksheet open with your HSF model and
another with a LIVE connection to an HSF reporting cube (via Essbase) for Adhoc purposes! Not only that but a world where the Essbase cube is
automatically updated as you make changes to the HSF model, meaning no
manual metadata management between applications or tedious mappings that
need to be maintained. This type of enhancement truly empowers the user to
focus on the modeling aspects of HSF while allowing Essbase to shine for
management reporting truly using the right tool for the right job.
Our Recommendation
Overall we are very excited about the direction Oracle is heading with HSF. The
Smart View capability in 11.1.2.2 is really just the first step in what we see as a
continued effort to make the product better for its users. With that in mind, we
have begun multiple 11.1.2.2 implementations, however, it is understood in all
cases that there will be some issues to work through and there are no pending
deadlines where these issues could put the project success at risk. In fact, the
Go Live dates are not expected to occur until a time when we believe 11.1.2.3
and / or an 11.1.2.2 patch set will be available. Given that, we do recommend
that all new HSF clients seriously considering starting with v11.1.2.2 while
taking note of the challenges mentioned above. Initially this approach
eliminates the need for your end users to learn two different user interfaces.
Additionally, if you are willing to give feedback, as an 11.1.2.2 client you will
definitely have the ear of the Oracle team as it pertains to resolving any existing
product issues, as well as requesting new enhancements for the future. Oracle
is very eager to make this release a success and they truly value any input early
adopters can provide. So if you have the patience to work through some bumps
in the road, and the time to resolve the issues you may encounter, I would
definitely encourage giving the 11.1.2.2 release serious consideration.
I hope you found this information helpful. We look forward to coming out with
many more in the future. In that vein, if you have any ideas / request for blog
topics please feel free to leave them in the comments section or reach out to me

directly at rmeester@ranzal.comand we will make sure to address them in future

posts.
About the Author
Ryan Meester is a Practice Director for the Strategic Planning Practice at
Edgewater Ranzal. His first encounter with HSF dates back to 2004 as a
Consultant with Hyperion in the HSF practice. After three years in that capacity,
leading projects and assisting with business development efforts, Ryan cofounded Meridian Consulting International with two of his Hyperion colleagues,
Andrew Starks and Ricardo Rasche. At Meridian, Ryan, Andrew, and Ricardo
focused exclusively on HSF implementation services until Meridian was acquired
by Edgewater Ranzal in May of 2010. This was a strategic acquisition for both
Meridian and Ranzal. Both organizations were seeing more and more
multiproduct implementations which required a broader EPM focus. The
acquisition effectively rounded out Ranzals EPM service offering by adding HSF
expertise to their repertoire.