inlumi blog

Is an upgrade to Hyperion 11.2 the last upgrade you'll ever do? With Kscope19 in Seattle just behind us, and a new release of Hyperion EPM approaching in October, we have all the reasons to think about the next steps.

Recently at the UKOUG Applications Unlimited event, we presented a success story on the inlumi starter kit for IFRS 16 together with our customer Mowi.

For a long time, the norm in consolidation tools was to use 12 dimensions. As the tools have evolved and new tools have become well established on the market, this is not a hard limit anymore, and more dimensions can be used. Recently, I had the pleasure to develop a special purpose HFM application for a financial institution with 14 custom dimensions, making the total number of dimensions 22. The main driver for the amount dimensions is the granular reporting requirement set by the regulator. You can read the customer story here.

inlumi has been shortlisted for the UKOUG Partner of the Year awards in two categories:

Nordea, a Nordic financial services group and the largest bank in the Nordics, decided to re-domicile its headquarters from Sweden to Finland as of October 1st 2018. The move involved new regulatory requirements as the group moved from the Swedish jurisdiction to the Finnish one and under direct supervision of the European Central Bank (ECB) in the Banking Union.

Since the last Oracle Critical Patch Update in April, there have been two additional patches released by Oracle (29694149/29800003) to address critical vulnerabilities (CVE-2019–2725 and CVE-2019-2729) with the Weblogic Server 10.3.x version used by Oracle EPM.

In 2016, at Domino’s Pizza Netherlands, the use of Excel was reaching its limit. The consolidation of the budget and forecast took over a day to perform. The budgeting and forecasting processes were also not fully aligned across the entities with numerous exceptions.

EPM technology is undergoing its biggest change since inception. How do you know which solution is right for your business? Let inlumi show you how to unlock the benefits that modern EPM can achieve.

Holmgrens Bil, one of Sweden’s largest car dealerships, suffered from lack of a complete planning and budgeting process, with a high amount of manual work and data prone to human error. They wanted to start working with a continuous planning process which can enable better insight on a regular basis. Ideally, this would be performed via a fully digital tool where all data is collected and integrated in one place.

Financial Management is compiling and controlling financial activities by applying general management principles to financial resources in the organisation. In the long run, Financial Management will contribute to the universal goal for all companies: making profit and returning maximum value to stakeholders. There are two separate areas to Financial Management; the Legal and the Operational area. They are strongly connected to one another, and yet they serve different external and internal stakeholders.