Process Advisors

*Subject to Terms and Condition
Updated on 27th Mar, 23 18453 Views

The database that allows you to access data very quickly is Hyperion. It aims to support improved business decision-making and Business Intelligence. Therefore, a BI system can be titled as a decision support system (DSS).

BI uses technologies, processes, and applications to examine mostly internal, organized data and business practices, while competitive intelligence gathers analyze and distribute statistics with a topical attention on company challengers.

Go through the Tableau Certification Training Course to get clear understanding of the benefits of using Tableau.

Some of the key features of Hyperion are:

  • Hyperion allows the businesses to integrate and manage the goals, strategies, and their execution.
  • It runs on a unified platform.
  • Mostly, it is used in financial analysis and reporting.

Prepare yourself for the industry by going through this Top Oracle Hyperion Interview Questions and Answers!

What Makes Oracle Hyperion a Unique Technology?

Oracle has always remained at the top in introducing business applications to the market. Hyperion is an extension to that array providing various benefits that make it a unique technology. What are benefits offered by Hyperion? Read below:

Areas Hyperion Benefits
Cloud accessibility This Oracle product is accessible on cloud
Addressing business needs Hyperion addresses financial and accounting needs better than SAP
Providing Security Data is highly secured in Oracle Hyperion

If you have any doubts or queries related to Tableau, get it clarified from BI experts on BI Community.

Product Suite of Oracle Hyperion

Hyperion offers a whole bunch of key software products. Let’s discuss them one by one.

  • Essbase
  • Hyperion Planning
  • HFM (Hyperion Financial Management)
  • Financial Reporting
  • Web Analysis
  • Excel SmartView Tool


To construct analytic applications that provide a multidimensional database platform, Essbase, a multidimensional database management system (MDBMS), is used. Essbase, stands for ‘extended spread sheet database.’

Hyperion Planning

Hyperion Planning is the product in the Oracle Enterprise Performance Management Software Suite which is an industry-leading Business Intelligence software package. The main emphasis of this Hyperion Planning product is to deliver budgeting, planning, and forecasting solutions that support you to achieve and organize all your business planning and budgeting requirements.

Oracle Hyperion Financial Management (HFM)

It is a complete, web-based product that provides global financial association, broadcasting, and analysis in a single, highly efficient software solution. Oracle Hyperion Financial Management, which is the part of Oracle EPM Suite, validates several things like collection, integration, and reporting of financial outcomes in numerous GAAPs and IFRS and the settlement of changes between numerous standards. Hyperion Financial Management can be organized instantly to incorporate data from several Oracle and non-Oracle transactional systems, provide top-side reporting to IFRS requirements, and support organizations to make transitions to IFRS.

Interested in learning Tableau? Check out this Tableau Tutorial!

Get 100% Hike!

Master Most in Demand Skills Now !

Financial Reporting

Financial Reporting comprises two things, i.e., the Financial Reporting Studio and the Workspace. If you want to create and edit reports, Financial Reporting Studio is used. If you want to view and print those reports, Workspace is used. Financial Reporting creates extremely organized, book-quality financial and management reports. It also helps organizations escalate their operational proficiencies that are essential to generate and allocate GAAP-compliant financial reports and other extremely organized management reports.

Web Analysis

Web Analysis delivers executives and experts with the best instinctual, user-directed, and web-based analysis competencies. Benefits of Web Analysis are as follows:

  • It helps in highlighting trends and issues prematurely with graphical and highly instinctive dashboards.
  • It navigates and drills through multidimensional data to understand root causes.
  • It aids in increasing fast acceptance through an easy-to-use and marginal exercise.
  • Such experienced analysis is not possible with other Business Intelligence systems.

Excel Smart View Tool

The Hyperion Smart View for Office offers an Excel interface to Hyperion Financial Management (HFM) and to Essbase. It allows end users to generate ad-hoc reports in Excel and to import the generated reports from Financial Reporting into various tools such as Word, PowerPoint, Excel, or Outlook.

Functionalities of Smart View are listed below:

  • Ad-hoc analysis in Excel
  • Sending and retrieving data with the help of Function Builder
  • Importing reports from Financial Reporting and Web Analysis to various tools such as Word, PowerPoint, and Excel
  • Accessing HFM data forms (optional)
  • Submitting data (optional)
  • Calculating, translating, and consolidating data (optional)

Get an industry-recognized certification through Intellipaat’s Online Tableau Training!

Become a Business Intelligence Architect

Course Schedule

Name Date Details
Data Analytics Courses 03 Jun 2023(Sat-Sun) Weekend Batch
View Details
Data Analytics Courses 10 Jun 2023(Sat-Sun) Weekend Batch
View Details
Data Analytics Courses 17 Jun 2023(Sat-Sun) Weekend Batch
View Details

2 thoughts on “Hyperion Tutorial for Beginners”

  1. After going through the overview, I felt this is kind of application which I want to explore keeping my career aspirations into consideration.

  2. I wanted to thank you for this excellent read!! I certainly loved every bit of it. I have got you bookmarked to check out new stuff you post…

Leave a Reply

Your email address will not be published. Required fields are marked *

Speak to our course Advisor Now !

Related Articles

Associated Courses

Subscribe to our newsletter

Signup for our weekly newsletter to get the latest news, updates and amazing offers delivered directly in your inbox.