In this first and very basic chapter on Oracle Hyperion Planning, we started by understanding the basic terms—planning, budgeting, and forecasting. Later we discussed the importance of budget software and the learned the currently faced challenges, then we introduced Oracle Hyperion Planning as one of the leading budgeting software applications and learned how it addresses the challenges.
Next, we learned about the architecture of Oracle Hyperion Planning and explored the connected products such as Oracle EPM Workspace, Oracle Essbase, Oracle Smart View, and Oracle Shared Services.
We also understood the process flow of Oracle Hyperion Planning application with the help of a simple scenario of a planner entering data into a data form.
Later, we learned about the architecture of a typical Oracle Hyperion Planning solution in an enterprise, where we introduced products such as Oracle Data Integrator (ODI), Oracle FDQM, and Oracle Business Intelligence as a reporting platform and understood how well these products complement in a typical implementation.
Finally, we understood EPM (Enterprise Performance Management) and also learned about the role of Oracle Hyperion Planning in the context of oracle EPM solution.
In the next chapter, we'll install and configure Oracle Hyperion Planning software.