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Hi Friend,
Organizations who leverage Oracle Hyperion EPM for financial consolidation, business planning, reporting and analytic needs are at a critical crossroad. Version 11.1.2.4 Premier support ends as of December 2021 – this means:
- Use of unsupported software has an impact on internal controls / more costly to maintain
- No further critical security patches will be released [increase cyber security risk]
- No fixes or patches in response to new bugs or technical issues will be released
- No additional compatibility certifications will be issued – this can lead to usability issues
- No further enhancements / innovations to the platform
The go-forward path is not straight forward:
- The next on-premise version is a terminal release with missing features from the current version
- Oracle EPM Cloud is not the same software as Oracle Hyperion On-Premise
Due to the potential amount of effort and costs associated with executing the go-forward path, time is of essence – understanding options available and its impact to the organization will be key to making an informed decision.
The Goal Getters (TGG) can help.
We work with many of the leading Corporate and Enterprise Performance Management solutions out in the market. More importantly, we are solution agnostic and will seek out the best options for our clients.
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Our Team has developed an Options Analysis Framework based on our knowledge, experience and working with many of our clients on this matter. This assessment can be completed within 2 weeks working jointly with your team and typically includes short list of go-forward options, Total Cost of Ownership analysis, benefits realization considerations, high-level software previews, recommended course of action(s).
Additional details on our Options Analysis Framework and White Papers can be found here. |
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Please contact us should you have any questions or interest.
Cheers, Mark
Mark Ramalho, CPA, CMA VP, Financial Close Practice Lead
TGG (The Goal Getters) Empowering Finance through CPM & EPM Solutions
|M: 416.262.6011 |
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Since 1991, TGG has helped organizations across North America maximize value from their Corporate and Enterprise Performance Management (EPM) solutions. We are Certified Partners to leading CPM & EPM solutions that have consistently delivered quality business solutions from streamlining end-to-end financial reporting, designing executive level analytics, to simplifying planning and budgeting cycles. Our operations continue to expand with offices in Toronto, Montreal, and Calgary to better serve our clients in Canada and the U.S.
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