HFM

HFM stands for Hyperion Financial Management, an enterprise financial consolidation and reporting application originally developed by Hyperion Solutions. Oracle acquired Hyperion in 2007, and HFM has since been integrated into Oracle's Enterprise Performance Management (EPM) offerings. It is used by many multinational corporations to consolidate financial results from multiple subsidiaries, manage the close process, and produce regulatory and management reports.

Its core capabilities include multi-currency consolidation, intercompany eliminations, currency translation, and ownership or equity eliminations. It provides audit trails, role-based access, workflow support for close activities, and reporting via a web interface and Excel integration. It supports standard and ad hoc reporting, as well as external reporting formats.

HFM uses a multi-dimensional data model that includes entities, accounts, scenarios, and time periods. Data is loaded from ERP systems and other sources through data integration tools such as FDMEE or adapters, and calculations are defined with business rules and scripts. The application emphasizes data integrity, security, and traceability of changes, enabling consolidated financial statements and governance over the close process.

Historically deployed on premises as part of the Hyperion suite, HFM is positioned within Oracle's EPM ecosystem alongside planning and data management tools. Oracle offers cloud-based EPM options that cover consolidation and close, and customers have migrations from traditional HFM to newer EPM Cloud environments. Competitors include SAP BPC, IBM Cognos Controller, and OneStream.