Reasons Why Any Business Can Benefit From Oracle Database

11 November of 2014

A common notion in the business world is that Oracle Database is a big-company solution and should not be used in small business entities. Unfortunately, this notion is so far from the truth. Any business, regardless of size of financial muscle can greatly benefit from this Database solution.

Besides the ease of use, Oracle’s Hyperion Financial Management (HFM) can work wonders in any business. Not only does it improve your business’ performance, it also enhances it and reduces error possibilities in your business finances and accounting.

Why Choose Oracle Hyperion Financial Management

• Improve

Hyperion Financial Management (HFM) helps improve a business’ financial close process significantly. It also helps improve the acquisition and consolidation accounting practices. At the same time, it helps improve the turnaround time that your business has for providing the financial results to the business’ financial decision makers.

• Enhance

Hyperion Financial Management (HFM) helps enhance the businesses’ return on investment by using a number of out-of-the-box features and a quick implementation time. At the same time, it enhances visibility and analysis ability towards the results of business performance hence offering an easy way of measuring business success.

• Reduce

Hyperion Financial Management (HFM) allows for improved auditability and transparency thus reducing external compliance costs and audit costs. At the same time, it allows for reduced manual controls, data reconciliation and reduced processing times. To top it all, it helps reduce errors, control risk, departmental overload, data entry and report times.

• Refine

If you want to refine the reconciliation and intercompany accounting processes, then Oracle HFM is the right database software for you. It also helps refine the foreign currency translation and transaction process, as well as the reporting and financial consolidation features.

If these are not reasons enough to make you sold out on Oracle HFM regardless of your business size, then, you may want to read on:

Power the Real-Time Enterprise

This database solution allows you to employ real time responses because it gives you, in real time, demand data, competition data, and profit data. This allows you to quickly respond and optimize your key processes in your business, while also making data-based decisions.

Plug Into the Cloud

At the same time, the Oracle HFM helps you to manage your data with ease as it consolidates it in the cloud. This also offers ease of administration and improves efficiency and access.

Privacy and Compliance

Since you are in business, you must have database architecture of some sort. Question is; does your database architecture meet set compliance, privacy and data retention requirements? With Oracle HFM, your data is protected from unauthorized access while also being protected from security threats; all this while complying with all the set regulations that govern critical applications and sensitive data.

Need we say more? Oracle’s Hyperion Financial Management (HFM) is an all-round solution for your business’ financial management and reporting, giving you an edge over your competition, while saving you costs beyond your imagination.

Author Bio:

John Stone is an Oracle certified professional who offers support services to clients at different levels of Hyperion Financial Management (HFM) implementation. For more information visit his website.