Nabors Inc. Upgrades Hyperion to Oracle Cloud EPM
- Energy
Challenge
Migrating On-prem Hyperion environment to EPM cloud. Hyperion 11.1.2.4 implemented in 2015
Improved forecast model for custom capex process
Hyperion Planning, Essbase ASO, FDMEE, Task Manager and Account Reconciliation Manager to Cloud EPM Upgrade
Increasing the data integration cycles for faster close and accurate reporting
Hyperion support to be downgraded to Sustaining model in December 2021
Data integration from multiple ERP systems in to EPBCS.
EPM Solution
Oracle Enterprise Planning, Account Reconciliation, Task Manager
Leverage EPMI’s proprietary Hyperion-EPM accelerators
Data integrations with DM and EPM automate
Custom Planning Capex application
Migrate customizations to OOB functionality
Oracle Cloud EPM – Enterprise Edition
Result
12 week blended timeline to migrate on-premise Hyperion footprint
Enable drill through to EBS for actuals
Loaded historicals from 2015 onward for predictive planning
More efficient system with minimal interruptions
Automated data load from EBS
Migrated FR studio reports to Cloud EPM reporting engine
Faster data availability with more efficient data integrations
%
Finance staff efficiencies expected in coming months due to increased optimization
Reduced close cycle by 1 day
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