It’s been said that all good things must come to an end – as was the case when Oracle announced that Premier Support for Hyperion Planning 11.1.2.4 would expire at the end of CY21 with no with no long-term options available for extended support.
The Challenge
A Global Pharmaceutical company using Oracle Hyperion Planning for its Enterprise Performance Management (EPM) and Master Data Management (MDM) platform for financial planning and analysis (FP&A) faced a decision when Oracle announced the end of Premier Support for version 11.1.2.4: stay on the existing platform, upgrade to on-premise Version 11.2, upgrade to Oracle EPM Cloud, or implement a different platform.
How Stratos Consulting Helped
As a certified Oracle Partner with decades of experience working in the life sciences industry, Stratos Consulting earned the Global Pharmaceutical company’s trust by providing company-specific recommendations in the assessment and proposal to upgrade to Oracle EPM Cloud.
“Stratos easily established themselves as superior to the other teams, and it was a widely-held company opinion to select them for this project. They took an objective approach to the assessment but helped us to make the decision to upgrade to Oracle EPM Cloud. It’s a world-class platform, and Oracle has been recognized by Gartner as a leader in the financial management space.” — Director of Financial Systems Support
To avoid impacting the Pharmaceutical company’s busiest time of year for FP&A and avoid interruptions or risks to business-critical processes, Stratos executed the project in multiple phases.
- Led and managed discussions with selected software vendors and stakeholders for project requirements and design
- Implemented EPMware to advance FP&A MDM processes and replaced legacy EPMA, enabling direct integrations with the financial data warehouse (FDW) and Oracle EPM Cloud
- Upgraded from Hyperion Planning to Oracle EPM Cloud and maintained reporting hierarchies for the client’s extensive Tableau financial dashboards in the process
The Result
The Pharmaceutical company has a cloud-based EPM solution that can scale with its growth as a shared services organization with multiple subsidiaries and affiliates.
If you’re considering or looking to upgrade or migrate your Hyperion on-premise planning environment to Oracle EPM Cloud, reach out to Stratos Consulting today and let us answer any questions you may have on what is the best option or path forward to meet your business-specific needs.
