Oracle Business Performance Management Solutions
After 30 years of providing leading-edge solutions to a vast and growing base of customers, Oracle remains the gold standard for database technology and applications in enterprises throughout the world: The company is the world’s leading supplier of software for information management, and the world’s second largest independent software company. Oracle technology can be found in nearly every industry, and in the data centers of 98 of the Fortune 100 companies. Oracle is the first software company to develop and deploy 100 percent internet-enabled enterprise software across its entire product line: database, business applications, and application development and decision support tools.
In 2008, Oracle acquired Hyperion, a leading provider of performance management software. The transaction extends Oracle’s business intelligence capabilities to offer the most comprehensive system for enterprise performance management.
Within the last few years, Oracle significantly reoriented its business intelligence product suite, shifting its focus from offering a solution that works for Oracle-only environments towards offering a best-of-breed business intelligence product family that works with heterogeneous information sources in an enterprise, both Oracle and non-Oracle.
The acquisition of Hyperion adds complementary products to Oracle’s business intelligence offerings including a leading open enterprise planning system, financial consolidation products, and a powerful multi-source OLAP server. Coupled with Oracle’s BI tools and pre-packaged analytic applications, the combination redefines business intelligence and performance management by providing the first integrated, end-to-end Enterprise Performance Management System that spans planning, consolidation, operational analytic applications, BI tools, reporting, and data integration, all on a unified BI platform.
Soon after the acquisition, Oracle introduced a new product family called Oracle Business Intelligence Enterprise Edition Plus. This integrated suite includes all of the Oracle and Hyperion reporting and analysis tools. In July 2008, Oracle released a new version of the Oracle Enterprise Performance Management System.
Oracle Key Strengths
- Oracle’s Hyperion performance management applications are a modular suite of integrated applications that support a broad range of strategic and financial performance management processes and enable management excellence. This comprehensive, market-leading suite drives profitable growth by delivering predictable results, improving transparency and compliance, and increasing business alignment.
- The acquisition of Hyperion in 2008 extends Oracle’s business performance management product strategy. Customers are increasingly using performance management and business intelligence together. Hyperion adds complementary products to Oracle’s business intelligence offerings including a leading open enterprise planning system, financial consolidation products, and a powerful multi-source OLAP server.
- Oracle Hyperion’s enterprise-level application modules such as Oracle Hyperion Profitability and Cost Management share a common foundation and is integrated with the other Hyperion performance management applications. This enables a single point of maintenance for reduced cost of administration and ownership versus nonintegrated point solutions.
- “The acquisition of Hyperion makes Oracle the category leader in the high growth enterprise performance management market,” notes Oracle CEO Larry Ellison. “Hyperion’s EPM software coupled with Oracle’s Business Intelligence (BI) tools and analytic applications form an end-to-end performance management system that includes planning, budgeting, consolidation, operational analytics and compliance reporting.”