As part of our Top 10 Blog posts of 2016 series, TopDown’s experts are weighing in on how each of these topics fits in with the maturing of EPM in the cloud. Oracle Hyperion Data Relationship Management is an evergreen and ever popular topic. Getting Started with DRM 1-4 is once more in one of the top spots, this year as the second most popular post for 2016. Mark Eklund provides commentary for what to do after you have gone through the DRM basics by looking at EPM, on-premise and in the cloud, and how DRM ties it all together.
DRM is a platform for organizing, governing, and maintaining financial hierarchies and definitions that are critical to all company reporting. This information is the building block of which all information is consumed and business decisions are founded. In Finance, hierarchies such as Chart of Accounts, Legal Entity, Cost Center should be consistent throughout all corporate systems. They way revenue and costs are governed, both at a transactional and consolidated level should be consistent. Outside of Finance, there are many other master data definitions that apply. Some examples can be Products, Projects, and Sales Territories that different departments rely on for reporting and analyzing their piece of the business. To read the full post, click here.
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