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1 Designing Your Oracle HFM Application > The Oracle EPM Suite Overview

The Oracle EPM Suite Overview

Several products make up the Oracle Enterprise Performance Management (EPM) suite. At the core of the suite are three products: Oracle Hyperion Financial Management, Essbase, and Planning. Each product, while designed and built for each of the key EPM domains, also works in concert to integrate the entire process. For example, Financial Management is exceptional for computing complex currency translations, allocations, eliminations, and consolidations. Planning is built for driver-based planning, and managing multiple scenarios such as forecasting and financial business modeling. Essbase is a powerful analytic tool that can handle large volumes of data.

As you can see in Figure 1-1, each core product fills a role between the web tier and the foundation. This is not to say that there is no overlap between these tools. I have seen Essbase applications that include consolidation and elimination. I have worked with HFM applications that have planning, budgeting, and forecasting functionality built into them. However, each product is exceptional for its own focused task.


  

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