Today's organizations' financial reporting requirements depend on multiple factors. The best financial reporting tools have to provide sufficient flexibility to ensure that reports can be generated quickly and modified even faster. Oracle Hyperion Financial Reporting Studio is one of such tools.

The reporting needs differ significantly across even the tiniest companies. Each and every case requires different approach. What it results in is the fact that a lot of attention is paid to report preparation instead of using the reports in practice, to make better motivated decisions. It results in unbelievable time wasting as people don't focus on what's important to their work. Different reporting solutions lose their followers therefore, and the alternative for them may be Oracle Hyperion Financial Reporting Studio which seems to be a remedy to a problem of multiple reports demand.

What is the best about Financial Reporting Studio is the fact that it allows to save a lot of time by automating multiple procedures. As a result, users can quickly get the reports in the way the currently need. Understanding that these needs and demands are evolving constantly, Oracle specialists have ensured that their solutions meet them efficiently enough.

In a very few words, the Oracle Hyperion Financial Reporting Studio is responsible for the core –turning data into information, information into reports, reports into better decisions. The product itself allows creation of multiple reports at the same time to meet the requirements of different recipients. The results –comprehensive reports –are prepared in the best quality what impacts their transparency, for instance. Once these reports are prepared according to the rules of the organization, they boost its financial planning management effectiveness.

Financial Reporting Studio for dummies

It wouldn't matter how wide and complex the functionalities of Reporting Studio are, if using the solution was too difficult. Moreover, its simplicity simultaneously is a key to the flexibility of report preparing. Thereupon, besides the preparation itself, beginners should have no difficulties with creating and saving batches of reports in form of a repository (in HTML documents or PDF files, depending on the need). They also would need only a few clicks to turn the related reports into a comprehensive book, so that report readers could have everything at one place, sorted according to the logical dependencies between each and every report.

What is considered useful, it's easy to schedule reports, for instance, for immediate printing or for online delivery, also those which are repeated frequently (daily reports, monthly reports, yearly, so on and so forth). Finally, there is an option to inform (via e-mail) all the interested readers about the fact that the report is already done and able to view.

Oracle Hyperion Financial Reporting Studio features and benefits

Financial Reporting as a whole is conditioned with plenty of standard principles which every FR solution has to be subject to. Oracle Hyperion Financial Reporting Studio - what guarantees its wide set of differentiated uses - is compliant to most of accounting standards. Simultaneously, the reports can be delivered in the most differentiated formats which Web, MS Office, and PDF are only a few of. It guarantees that every user - regardless of his preferences and abilities - can be provided with the report in the form he or she is waiting for.

The other features of the Financial Reporting Studio include:

• extremely flexible scheduling capabilities,
• automated alerts (about report readiness, for instance),
• simple report annotations,
• publishing in different formats,
• financial close and disclosure management processes integrating,
• support from a wide set of Business Intelligence and Enterprise Performance Management applications.

A wide set of features makes Oracle Hyperion Financial Reporting Studio truly a comprehensive solution, which users - regardless of their level of IT skills advancement - can easily benefit from, such as:

• automated report production which allows to save a lot of time, efforts, and - therefore - a lot of money,
• numerous output formats which allows to get to as many readers as it's needed with the report. The result is no users who couldn't open and read the report because of a wrong format,
• worldwide distribution,
• architecture which is efficiently scalable and flexible at once,
• a need for IT involvement which is reduced to the minimum,
• trouble-free access to the most timely and the most accurate data,
• wide collaboration capabilities,
• system's high general efficiency.

Shortly speaking, the ones above are the things which the position of Oracle Hyperion Financial Reporting Studio is built on.

Oracle Hyperion Financial Reporting Studio resources

http://www.oracle.com/us/products/middleware/bus-int/064326.pdf - here is a data sheet of Oracle Hyperion Financial Reporting Studio. There is all the fundamental information included with a quick explanation of the product's most meaningful functionalities. Additionally, there is a list of features, benefits, and the related products .

http://download.oracle.com/docs/cd/E10530_01/doc/epm.931/fr_user.pdf - everything is here. The link leads to the complete user's guide to Oracle Hyperion Financial Reporting Studio. It's a 370-page document which provides all the needed information about using the Financial Reporting Studio in practice. Additionally, there is a section devoted to the most frequently asked questions and - for instance - a glossary so that one would have no doubts with understanding words used in the guide.

http://oraclebizint.wordpress.com/ - here is a very interesting blog devoted to all Business Intelligence products produced by Oracle. Besides quite a lot of information about Oracle Hyperion Financial Reporting Studio, what one could find there are tips and practical advice, technical details, and - what also is important - quite a lot of comments below each and every article. Here everyone can ask question and - worth noticing - no question is left without an answer.