Endo International (Endo) was using Oracle Hyperion Financial Management (HFM) for financial consolidation and reporting and three instances of Hyperion Planning for planning and forecasting. They were also using Oracle FDM, Essbase, DRM and DRG as well as Host Analytics at one division.
HFM was not being used to its full extent. Because of the fragmented set up products being used, the company had different charts of accounts for actuals vs. forecast, which made it difficult to compare results at period-end. There were lots of reconciliation issues and different levels of detail across scenarios, which created challenges in reporting.
As a result, the Finance team at Endo was under stress, performing a lot of manual work, and had challenges meeting deadlines. In addition, the reporting and planning processes were very centralized at HQ, and communications with remote locations caused further delays. Given Oracle’s lack of investment in the Hyperion products, the Endo Finance team started looking at alternatives.
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