Jennifer West, Financial Systems Analyst at DynCorp International, discussed implementation of the Hyperion Financial Management (HFM) program at the Hyperion Professional Women’s Forum held November 15 at the La Cima Club in Irving, Texas.
Hyperion Financial Management (HFM)
HFM is a comprehensive, Web-based application that delivers global financial consolidation, reporting and analysis in a single, highly scalable software solution. HFM utilizes advanced technology, yet is built to be owned and maintained by an enterprise’s finance team.
West cited benefits of using HFM at DynCorp International, such as:
- Allowing for on-demand consolidations, eliminations, and translations
- Ability to make top side adjustments
- Financial Data Quality Management (FDM)
- For loading, validating, and mapping of data from various sources
- Highly formatted reports with drilldown capabilities
- Ad-hoc reporting capabilities
- Microsoft Excel based, but compatible with Word and PowerPoint
DI currently has 150 HFM users and was implemented in August 2010. Since implementation, financial reporting processes have improved organization and administration capabilities, allowing for the opportunity to better plan and forecast DI’s finances.
“Quarterly training continues to be offered to all HFM users. The new system, Smartview, provides a versatile way to create specialized reports and puts the power in the users’ hands. We continue to work with the business to make improvements and put more information into the system to make reporting easier for DynCorp International’s business,” said West.
Hyperion Professional Women’s Forum
The Hyperion Professional Women’s Forum was founded to create a community dedicated to the flow of ideas, expertise and inspiration among forward-thinking women in Enterprise Performance Management. The Forum hosts quarterly events attended by women of all backgrounds who work with Oracle/Hyperion software. At each event, Hyperion professionals discuss their experience with HFM through presentations and administrators are given the opportunity to network and share best practices.
Not only is the forum committed to fostering an energized community of women in the industry, but also supports local charities through fundraisers held at each event. The Dallas Challenge, Rose Ribbon Foundation and the Genesis Women’s Shelter have all benefited through the Forum’s quarterly events.
About Jennifer West
Prior working with DynCorp International, West worked as an auditor at the Department of Defense’s Naval Audit Service and spent several years working as a corporate accountant in the real estate industry. West holds a dual bachelor’s degree in Accounting and Management Information Systems from Indiana University of Pennsylvania and an MBA from the University of North Texas.