The use of Hyperion Financial Management has many benefits for financial organizations. Increasing efficiency and speed are among the top positive impacts that the use of the software has on organizations and their business processes. Hyperion Financial Management accelerates reporting cycles by cutting the latter by days and thus distributing more accurate results and information to professionals. It also helps improve transparency and reduce the costs of compliance with stringent reporting policies. Hyperion allows finance professionals to spend more time on high quality analysis and decision-making while spending less time on processing. The software is also compatible with existing system softwares and can therefore be easily integrated into organizations' infrastucture. Finally, one of Hyperion Financial Management's primary and well-known benefits is its' promise to "deliver a single version of the truth" in order to support financial managers and decision-makers. Nevertheless, Hyperion Financial Management is lacking an accounting utility which most other software of its' type have and this in turn makes it a slower and more costly software. Furthermore, Hyperion Financial Management is a very effective application software and is easily compatible with many existing transaction systems and could in addition be combined with other Oracle products and/or existing non-Oracle software. It is therefore evident that Hyperion Financial Management has more positive impacts on organizations than negative ones.
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