By automating the financial reporting process, companies can save significant amount of time and money while increasing compliance with U.S. Securities and Exchange Commission (SEC) guidelines. In order to get full picture of how all of your businesses are performing, it is almost important to prepare consolidated financial statement. From a management perspective, Consolidated financial reporting gives you the opportunity to both get a full financial view of your entire enterprise and gain insights by comparing and analyzing the individual units side-by-side – ensuring continued success and growth across your entire franchise portfolio.
Hyperion Financial designed to simplify the financial statements filed with the U.S. Securities and Exchange Commission (SEC) to everyday ledgers other it is highly time consuming and expensive if done manually, but by automating the financial reporting process, companies can save time and money while still complying with financial regulations. Oracle Hyperion Financial Management is a financial consolidation and reporting application built with advanced Web technology. It provides financial managers the ability to rapidly consolidate and report financial results, meet global regulatory requirements, reduce the cost of compliance and deliver confidence in the numbers.