CASE STUDY HEALTHCARE

Leading healthcare service provider accelerated period end closing and achieve meticulous reporting
through Implementation of Oracle Hyperion Financial Management
CLIENT OVERVIEW

Client is the supreme healthcare service provider. The healthcare verticals of the company primarily comprise hospitals, diagnostics and day care specialty facilities. Their business includes
receivables, billing, payables, cash management, assets, purchasing, inventory, HRMS and need to manage compete financial management and reporting including consolidations, roll-ups,
intercompany eliminations, allocations and reporting.

To help the organization focus on its core functions of financial management by automating complete process HFM IMPLEMENTED FOR 45 ENTITIES
of period end closing by gathering information from 45 number of entities operating over multiple financial ● Integration through Financial Data Quality Management
systems and provide seamless consolidation and reporting framework to cater the business ensuring lower o ERP Balances
costs, automate process of closing, adjustments, apportionments and consolidations, leverage efficiency in o External Integrations
employee management, ad-hoc analysis, and reduce processing time. Hyber IT provided end to end services
● Multi dimensional consolidation structure
through its onsite offshore delivery model. This would involve:
● Ownership Interest calculations
● Automating balance import to financial management system ● Intercompany Eliminations and Handling
● Make adjustments, apportionments and eliminations to transactions based on customized business rules ● Non-controlling Interest Adjustments
● Consolidating and rolling up transactions to parent group level ● Customized Business Rules
● Ad-Hoc and statutory reporting for effective management and compliance ● Real time collaborations from different business units.
● Real time comparisons under different reporting standards (IFRS vs IND-AS) ● Consolidations and Roll-Ups
THE SOLUTION ● Write Back to Integrated Systems
Hyber IT implemented the complete Hyperion Financial Management system (HFM on premises) for taking care ● Ad-Hoc Reporting
of closing and reporting activities through its On-site – offshore Implementation model for the client, helping it ● Management and Statutory Reporting
achieve its business objectives. The solution provided: ● Real Time Comparisons under different reporting
● Implementation of Oracle HFM standards.(IFRS v/s IND-AS)
● Development integrators, multi-dimensional consolidation structure, business rules and customized
TECHNOLOGY ENVIRONMENT
reports. Technology/Environment comprised of:
● Technical support ● Oracle HFM on premises
● Maintenance support ● Windows Operating System

Hyber IT Services Pvt. Ltd. | D-66, Sector-10, Noida-201301 | www.hyberit.com

CASE STUDY HEALTHCARE

BENEFITS
Hyber IT’s solution helped the client:
METHODOLOGY ● Reduce costs by 50%
Hyber IT used OUM standard methodology for implementation and roll out Oracle HFM for its Client. The ● Completely automated process
methodology was based on our best practices and rich experience with Oracle implementations. The
● Reducing manual interventions
methodology has resulted in record project delivery in terms of timelines and budget. The following approach
was adopted: ● Ensure faster and more informative reporting
In the Operational Analysis phase, product overview sessions were conducted. A study on business process ● Reduce time in closing & consolidations.
requirement was conducted followed by the fit-gap analysis.
● The solution Design phase identifies the business process. This was preceded by designing of solutions,
extensions reports, and security and controls
● CRP was configured and tested. Test Reports, and Interface program were initiated in the Build in this
phase.
● In the Transition phase assist key user testing was carried out, followed by perform unit and system
integration. Migration of legacy data was carried out and validated. Production assistance was also
configured for final implementation in the next phase.
● In the Production phase, Fine Tune production system and Cutover to production systems was carried out.
Additionally, Post Implementation support was ensured after this phase.

Hyber IT Services Pvt. Ltd. | D-66, Sector-10, Noida-201301 | www.hyberit.com