| Statutory Reporting requirements have gotten more rigorous. Penalties for non-compliance have gotten more serious. The information required for these reports comes from many different systems, on different computing platforms, and applications. Add to this the changing landscape of regulatory requirements and compound it with mergers and acquisitions. You can see that the risk of information errors is increasing. Such errors can lead to fines, embarrassing headlines, and the unwanted attention of regulators.
Oracle Hyperion Financial Management (HFM) is a comprehensive, Web-based financial systems software application that delivers global collection reporting (Consolidation) and analysis in a single, highly scalable financial management software solution. Oracle’s HFM solution is predominantly used to meet monthly management and statutory reporting requirements. Oracle’s Hyperion Financial Management provides inter-company eliminations, multi-currency translations and minority interest calculations, delivering them quickly and cost-effectively out of the box. It also incorporates U.S.-GAAP (Generally Accepted Accounting Principles), IFRS (International Financial Reporting Standards), and local statutory requirements to ensure report accuracy and compliance.
Let Decision Support Technology help design and deploy a financial management system to address your statutory reporting needs. DST’s consultants are experts at developing integrated EPM solutions. With unmatched technical skills combined with solid business acumen, DST is able understand your organization’s business data faster and deliver more meaningful, accurate and valuable management reports. We are able to anticipate your business’ reporting needs and our flexible designs allow for the inevitable changes required to support your corporate analytic and reporting needs as your company continues to evolve and grow. DST systems are built to perform and built to last.
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