HFM Vs HCM (Benefits & Features)

HFM Vs HCM

Definition:

HCM:

Oracle Hyperion Financial Close Management is built for centralized, web-based management of period-end close activities across the extended financial close cycle.

HFM:

Oracle Hyperion Financial Management is a comprehensive, Web-based application that delivers global financial consolidation, reporting and analysis in a single, highly scalable software solution.

Benefits:

HCM:

• Web-based task scheduled for process consistency
• Improved controls and pre-built dashboards for tracking
• Live and active calendars for clear communication
• Task automation and easily identifiable process hold ups
• Reduce bottlenecks and identify areas for potential improvement.
• Supports compliance framework.

HFM:

• Reduce consolidation, close, and reporting cycles by days or weeks and deliver timely results internally and externally.
• Reduce compliance costs and deliver a single version of the truth through the Web to improve internal and external transparency.
• Maintain a regulatory filing to general ledger audit trail, providing confidence in the financial results.
• Conduct in-depth analysis of key performance and operational metrics easily.
• Discover new sources of profitability and cash flow by company, product, brand, and customer segment.
• Realize new benefits quickly with packaged regulatory reporting functionality Add the capabilities of a comprehensive suite of EPM applications as needs and budgets dictate.

Features:                         

Features	HCM	HFM
Web-Based Task Scheduling	✓	✘
Pre-built dashboards	✓	✘
Global consolidation features	✘	✓
Scalable web architecture	✘	✓
Active Calendars	✓	✘
Task automation	✓	✘
Unlimited dimensionality	✘	✓
Complete audit trails	✘	✓
Account Reconciliations	✓	✘
Powerful reporting and analysis tools	✘	✓
Robust data integration	✘	✓