What’s New in Oracle Hyperion EPM 11.2?
Hyperion Planning
A comprehensive planning and budgeting application that facilitates collaborative planning, forecasting, and budgeting processes across the organization.
Hyperion Financial Management (HFM)
A financial consolidation and reporting application that helps organizations consolidate financial data from multiple sources and generate accurate financial reports.
Hyperion Essbase
An online analytical processing server that enables multidimensional business data analysis, allowing users to perform complex financial modeling and analysis.
Hyperion Data Relationship Management (DRM)
A master data management tool that helps maintain consistency and control over financial and operational hierarchies, dimensions, and attributes.
Hyperion Financial Close Management (FCM)
Streamlines the financial close process, ensuring a timely and efficient close cycle.
Hyperion Profitability and Cost Management (HPCM)
Calculates and analyzes product, customer, and channel profitability, helping businesses identify opportunities for cost optimization
Hyperion Tax Provision
Automates the tax provision and reporting process, ensuring accurate and timely tax reporting
Hyperion Strategic Finance
A financial modeling and forecasting application for long-term financial planning and scenario analysis.
Oracle Hyperion EPM 11.2 - Key Highlights
Oracle recently released the long-awaited Oracle EPM 11.2 version, and though at first glance, 11.2 may appear similar to 11.1.2.4, a closer look reveals several significant differences between the two versions.
The 11.2 release was anticipated to arrive sooner, and although it was expected to achieve “cloud parity,” the focus shifted towards “new operating system support.” Oracle has been pushing customers towards the cloud, making on-premise EPM somewhat of an afterthought, evident in the inclusion of 11.1.2.4 Essbase instead of an 11.2 version.
Operating System and Database Support
Unlike the 11.1.2.4 release, which was limited to Windows Server 2012 R2, 11.2 supports Windows Server 2019 only, skipping Windows Server 2016. Initially, 11.2 will not support Linux, but compatibility is expected. For databases, 11.2 supports Oracle 11.2.0.4+, Oracle 12.1.0.1+, and Oracle 12.2.0.1+, and Microsoft SQL Server 2016 (SP2+) is supported.
Hyperion 11.2 Upgrade Path
New Planning Modules
With the release 11.2, the Planning modules for Workforce, Capex, and Projects are no longer available for new implementations. Existing modules can be migrated to 11.2 but will be considered custom plan types without future updates.
Essbase
EPM version 11.2 utilizes Essbase version 11.1.2.4.033, Oracle Hyperion Provider Services Release 11.1.2.4.033, and Oracle Hyperion Essbase Administration Services 11.1.2.4.031. The eventual plan is to roll out Essbase 19c, which may take time due to the required changes.
User Experience
The end-user interface in 11.2 closely resembles 11.1.2.4, as the focus was on modern operating systems and security rather than introducing new functionality.
Enhanced Security
Security was a priority in 11.2, with upgrades to Java and Weblogic versions and built-in support for Transport Layer Security (TLS 1.2).
Continuous Innovation on Hyperion EPM 11.2
Oracle has adopted a “Continuous Innovation” release model for Oracle Hyperion EPM 11.2, offering regular updates to applications and the underlying technology stack without necessitating a significant upgrade. Furthermore, 11.2 serves as the long-term support release for the Oracle Hyperion EPM suite, ensuring Oracle Premier Support until at least 2033. With the introduction of Continuous Innovation to Oracle Hyperion EPM System 11.2, customers can expect the following benefits:
Ongoing Applications Updates
Regular updates to the Oracle Hyperion EPM System 11.2 applications code, similar to the 11.1.2.4.x updates are provided on an annual basis. These updates will be cumulative, combining new features and bug fixes into a consolidated patch set that can be easily applied using O-Patch.
Ongoing Technology Stack Updates
Continuous updates are rolled out to refresh the Oracle Fusion Middleware platform technologies that underlie the Oracle Hyperion EPM System. These updates allow customers to obtain new versions of the technology stack without upgrading the Oracle Hyperion EPM System applications code.
Conclusion
Oracle Hyperion 11.2 upgrade offers a path forward with better compliance and vendor support, but it may not provide significant new features for users. The similarity with 11.1.2.4 could mean fewer product-specific bugs, enabling quicker adoption and retiring of old hardware and unsupported software.
Hyperion 11.2 Upgrade Services
Oracle Hyperion Migration to EPM Cloud
Free yourself from the responsibilities of maintaining, upgrading, and securing on-premise applications by opting for Oracle Hyperion Migration to Oracle EPM Cloud. Oracle provides quarterly software updates, granting you access to the latest features and advanced capabilities powered by AI & ML.
With a migration approach guided by best practices and extensive experience in Oracle EPM Cloud services, Rite Software can be a reliable partner throughout your migration journey.
Services
Products
Company
Copyright © 2024 Rite Software Solutions & Services LLC. All rights reserved.