Oracle Hyperion has long served as a foundational enterprise performance management (EPM) suite, enabling financial close, planning, forecasting, and reporting for large organizations. However, Oracle has shifted its strategic focus to Oracle Cloud EPM, gradually phasing out major innovations and support enhancements for on-prem Hyperion products. As a result, customers running Hyperion Planning, HFM, and Essbase on-prem are increasingly vulnerable to rising support costs, technical debt, and integration hurdles.
Enable Financial Agility: Cloud EPM offers AI-driven forecasting, narrative reporting, and scenario modelling, enabling agile decision-making across FP&A, tax, and consolidation teams.
Reduce Technical Complexity: Migrating to Cloud EPM eliminates the need to manage underlying infrastructure and improves integration with ERP, HCM, and analytics platforms.
Declining Support for On-Prem Hyperion: Oracle has announced end-of-updates for several Hyperion products, including Hyperion Planning and HFM 11.1.2.4, as of December 2021, with only sustaining support remaining. This limits access to patches and security updates.
Cloud EPM Growth and Innovation: Oracle Cloud EPM is growing rapidly, with over 7,000 customers as of 2024. New features such as Intelligent Performance Management (IPM), prebuilt modules for tax reporting, and AI-enhanced predictive planning are only available in the cloud.
Audit and License Scrutiny: Oracle’s Global License Advisory Services (GLAS) team has intensified license audits, particularly targeting customers who have both on-prem Hyperion and cloud services. These audits can identify unsupported use cases or unauthorized deployments.
Peer Benchmarking: Companies like GE, Adobe, and DHL have completed successful Cloud EPM migrations, citing improvements in financial agility, reduced cycle times, and enhanced user satisfaction.
Definition: Rehosting existing Hyperion applications in Oracle Cloud Infrastructure (OCI) without rearchitecting.
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Definition: Replacing individual Hyperion modules with Oracle Cloud EPM equivalents.
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Definition: Fresh implementation of Oracle Cloud EPM with reimagined processes and minimal carryover of legacy configurations.
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Definition: Maintain some Hyperion components on-prem while adopting Cloud EPM modules over time.
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Step 1. Conduct a Readiness Assessment: Inventory all Hyperion applications and customizations. Analyse license agreements, user roles, and data sources. Use Oracle’s EPM Readiness Assessment tools to evaluate migration feasibility.
Step 2. Build a Business Case: Quantify savings in hardware, support, and administrative overhead. Include benefits such as faster close cycles, AI forecasting, and mobile reporting. Present to CFO and CIO jointly.
Step 3. Define Your Cloud EPM Architecture: Choose a modular rollout or full-suite deployment. Align data flows between ERP, EPM, and BI platforms. Address security, integration, and governance from day one.
Step 4. Data Strategy and Cleansing: Standardize chart of accounts, eliminate duplicate hierarchies, and define metadata governance policies. Use ETL tools for clean migration.
Step 5. Plan for Change Management: Identify key stakeholders across finance, IT, and operations. Launch targeted training, user testing, and communication campaigns. Build adoption KPIs into project plans.
Step 6. Execute Iteratively: Use agile delivery to migrate one module at a time. Validate through sandbox environments and UAT cycles. Maintain parallel run where necessary.
Step 7. Optimize and Expand: Post go-live, use feedback loops and KPI tracking to refine models. Expand capabilities like scenario modelling, ESG reporting, or tax automation.
Oracle’s strategic roadmap makes it clear: the future of enterprise performance management is in the cloud. Hyperion customers that proactively plan their migration—whether modular or full-suite—gain not only technical modernization, but also enhanced business insight, agility, and resilience. Start by assessing your current EPM estate, engaging key stakeholders, and defining a phased path to Oracle Cloud EPM. A well-governed transition will transform finance from a reporting function into a strategic powerhouse.
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