If you’ve heard of Hyperion Essbase, I’m sure you would also have heard of Hyperion Planning. Hyperion Planning is a planning and budgeting application built on top of Hyperion Essbase.
Since Essbase is such a versatile MOLAP engine that the planning application based on Essbase also has the same attributes.
Oracle describes it as follows:
Oracle Hyperion Planning (Planning) software is a centralized, Microsoft Excel and Web-based planning, budgeting and forecasting solution that integrates financial and operational planning processes. Planning provides an in-depth look at business operations and its related impact on financials, by tightly integrating financial and operational planning models.
If we set aside the marketing-speak, Hyperion Planning translates into a very robust and scalable application for the planning and budgeting cycle. Period.
This is all a business user needs to know who is looking into Hyperion Planning. There are lots of other solutions available from different vendors and the specific comparison is out of the scope of this post. I will come to that later on.