Anaplan
Announced as a Leader in the 2020 Gartner Magic Quadrant for Financial Planning and Analytics, Anaplan was designed to replace the patchwork of outdated tools like SAP, IBM and even Oracle. Anaplan’s modern platform provides large-scale collaborative planning and decision-making across every area of your business. Anaplan leverages Hyperblock as the in-memory database and calculations engine, allowing thousands of simultaneous users to access. The Anaplan platform was built in the cloud to address rising data volume and variety, as well as the data from unstructured and online sources. It uses standards-based data integration that can collect data from any source. To execute real-time modeling and calculation demands, Anaplan incorporates the benefits of cube, columnar, and cell-based configuration with an in-memory modeling environment as well as a multi-threaded calculation engine.
Anaplan also has data visualization capabilities, versatile encryption for enhanced security, application lifecycle management (ALM) to guarantee real-world success and provides the tools that help organizations understand how changes in data sources and planning models communicate and impact one another.
Hyperion Solutions Corporation was acquired by Oracle Corporation in 2007. The majority of its products were targeted toward the Business Intelligence (BI) and Enterprise Performance Management (EPM) markets and, beginning in 2013, were developed and sold as what is known today as Oracle Hyperion products.
Oracle Hyperion EPM can be deployed on-site or in the cloud, delivering a comprehensive, integrated suite of applications including common Web and MS Office interfaces, multiple reporting tools, mobile information delivery, and administration. Regardless if it is implemented on premises, in the cloud, or in a hybrid environment, Oracle’s EPM platform provides companies an ideal and secured integration that enables its customers to plan for today’s continuous growth, report with confidence, and accelerate business value.
Key Software Products of Hyperion Include:
Essbase: Essbase is short for ‘extended spread sheet database’. To construct analytic applications that provide a multidimensional database platform, a multidimensional database management system (MDBMS), is used.
Hyperion Planning: Hyperion Planning is the in the Oracle Enterprise Performance Management Software Suite an industry-leading Business Intelligence (BI) package. The key feature of Hyperion Planning is to deliver budgeting, planning, and forecasting solutions to achieve and organize all your planning and budgeting business requirements.
Oracle Hyperion Financial Management: A web-based product that provides financial association, broadcasting, and analysis in one software solution. Oracle Hyperion Financial Management is the part of Oracle EPM Suite that helps validate multiple things including collection, integration, and reporting of the financial outcomes in GAAPs and IFRS.
Web Analytics: Delivers to the finance team and administration the best user-directed and web-based analytics, to allow for quick accurate corrections by highlighting trends and issues with graphs and instinctive dashboards.
Excel Smart View Tool: Hyperion Smart View for Office provides an Excel interface to Hyperion Financial Management (HFM) as well as Essbase. Allowing it’s end users to generate ad-hoc reports in Excel then to import the generated reports from Financial Reporting into the various Office tools like Word, PowerPoint, Excel, or Outlook.