Hyperion Financial Management (HFM)

The Client:
Headquartered in Indiana, Remy International is the leading provider of starters, alternators, and hybrid motors for the heavy duty and light duty original equipment market. Remy has facilities in 11 countries and four different continents around the world.

The Challenge:
Remy was using Hyperion Enterprise for Consolidations and Financial Reporting. Oracle placed Hyperion Enterprise on sustaining support in April 2013 which required Remy to determine a strategy for a future Consolidation and Financial Reporting platform. Because of this, Remy sought a migration from Hyperion Enterprise to Hyperion Financial Management that would support existing functional requirements that were in place with Hyperion Enterprise at the time. Additionally, Remy hoped to take advantage of Hyperion Financial Management’s new features and functionality where possible within the scope of the migration.

The Solution:
Inspirage set out to approach Hyperion Enterprise migration for Remy with a focus on meeting the existing functional requirements while implementing a solution that would take advantage of Financial Management’s additional robust features and functionality.
The project integrated HFM with the existing Remy solutions that integrated with Hyperion Enterprise: Metadata (DRM); Ledger Balances; Journal Loads; Map External / Non-GL Data (Ops Metric, Budget, Forecasting). Once this was in place, the Inspirage team set out to ensure that Remy personnel were trained and able to support the new consolidation solution.