Is it Time to Upgrade Your Oracle Hyperion Application?
To upgrade or not to upgrade is often the question of many businesses who run EPM applications. One typical reason for performing an upgrade is simply “end of support” in other words, companies had to upgrade. Now, it’s a matter of taking advantage of new functionality to improve productivity, optimize performance and to keep pace with client demands and the competition.
Confused about what path to take with your Hyperion application? The way I see it, companies running Oracle Hyperion have four paths.
Path 1: Remain on Hyperion 220.127.116.11
Some organizations believe that remaining on an older version saves time and money because of the “if it’s not broken, don’t fix it” mentality. However, with mission-critical applications the opposite is often the case. Since older application versions have fewer and fewer fixes or enhancements, they can be under performing while lacking needed features.
Between database administrators, hardware, functional experts and developers, the cost to support Hyperion in-house can range from $150K to $500K annually. Moving it to Secure-24’s Private Cloud means a reliable and transparent cost model, shifting the cost from a capital expense to an operating expense and having a single point of contact you can trust.
To do nothing, in the long run can cost companies much more.
Path 2: Upgrade to Hyperion 18.104.22.168
With Oracle Hyperion 12c on hold, to capture the benefits of new functionality, companies should consider upgrading to the latest version. Benefits of version 11.1.2. 4 include:
- Enhanced planning activities
- Performance improvements in Essbase and HFM
- HFM: multiple selection of load and re-ordering tabs
- Enhanced target load options
- Data synchronization
- Oracle EPM Mobile
Path 3: Move to the Oracle Cloud
With digital transformation and cloud computing as a viable platform, companies in the long run, will have to consider hosting applications in the cloud, whether it’s with Oracle or a third-party cloud services provider. Several aspects of data security, financial cost and integration challenges – among other factors – are all cited by organizations to be risks that must be addressed and rationalized for the move.
Path 4: Host Oracle Hyperion in a Private Cloud with a Managed Cloud Services Provider
With cloud computing established as a reliable, secure, and cost-effective platform for Hyperion, the future is bright for those companies who want to take advantage of hosting in a private cloud environment. If you have been running Hyperion in-house, upgrading to release 22.214.171.124 may be an opportune time to migrate Hyperion to a managed hosting environment. Adopting a managed hosting model enables your internal IT department to focus on strategy initiatives.
Migrating to a private cloud is a good option for Hyperion users who want the benefits of cloud computing without sacrificing the mature functionality of their Hyperion applications. By moving to a Managed Cloud Services provider private cloud environment, enterprises can achieve a minimum cost savings of 20%, with increased scalability and optimized performance of their Hyperion applications.
Additionally, migrating Hyperion to a Managed Services Provider model, shifting the cost from a capital expense to an operating expense.
The decision to upgrade often rests on the analysis of three significant considerations: infrastructure, support and functionality. If you are running an older version of Oracle Hyperion, with Oracle Hyperion 12c now on hold, you should consider upgrading to the latest version to take advantage of the newest features.
So, you have decided to upgrade, now what? Is DIY a viable option?
Performing a Hyperion upgrade is definitely not for amateurs. It isn’t even for experienced IT professionals, if they don Hyperion technical experience. Most Hyperion upgrades are more like a complete software re-installation, but with additional complexities to consider since you will be dealing with a live, production system.
So, what alternatives does one have for an upgrade? Three come to mind immediately. First, you can call a certified Oracle Hyperion consulting organization. Second, you can, if you are brave, attempt the upgrade yourself. Third, you can work with a qualified third-party hosting service provider and let them take care of the upgrade for you. To handle the complexities of Hyperion, you need a partner that provides an enterprise-class infrastructure along with the services necessary to manage the entire landscape. The daily services needed to maintain a healthy Hyperion environment include:
- Scheduled backups
- Monitoring & alarming
- High availability
- Access to Hyperion experts
You may not need every service a hosting partner has to offer, but if they provide an ‘a-la-carte’ portfolio of services from which to choose, you can select those services that meet your needs at predictable costs.
Regardless of the path you choose, Secure-24 experts can review and customize an upgrade plan for your business. We specialize in Hyperion upgrades and we support clients who are on the most recent releases.
You can contact us at +1.800.332.0076 or at: email@example.com to upgrade your Oracle Hyperion application or to learn more about our Upgrade Services.
Len Landale is the VP ERP/Applications at Secure-24.