Nabors Inc. Upgrades Hyperion to Oracle Cloud EPM

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  • Energy

Challenge

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Migrating On-prem Hyperion environment to EPM cloud. Hyperion 11.1.2.4 implemented in 2015

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Improved forecast model for custom capex process

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Hyperion Planning, Essbase ASO, FDMEE, Task Manager and Account Reconciliation Manager to Cloud EPM Upgrade
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Increasing the data integration cycles for faster close and accurate reporting

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Hyperion support to be downgraded to Sustaining model in December 2021
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Data integration from multiple ERP systems in to EPBCS.

EPM Solution

Oracle Enterprise Planning, Account Reconciliation, Task Manager
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Leverage EPMI’s proprietary Hyperion-EPM accelerators
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Data integrations with DM and EPM automate

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Custom Planning Capex application

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Migrate customizations to OOB functionality
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Oracle Cloud EPM – Enterprise Edition

Result

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12 week blended timeline to migrate on-premise Hyperion footprint
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Enable drill through to EBS for actuals
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Loaded historicals from 2015 onward for predictive planning
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More efficient system with minimal interruptions

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Automated data load from EBS
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Migrated FR studio reports to Cloud EPM reporting engine
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Faster data availability with more efficient data integrations

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Finance staff efficiencies expected in coming months due to increased optimization

Reduced close cycle by 1 day

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