If there is one thing that intimidates WordPress web designers and developers, it has to be the thought of working with an Oracle database. Such is the fear that if you read most DBA forums, a lot of users advise you against marrying the two.
For WordPress users, there are myriad benefits to enjoy, including easy customization and maintenance. However, the issue of managing and consolidating financial data poses a big problem if you have to incorporate the same on your page and publish it. This is where Oracle Hyperion Financial Management (HFM) comes in handy.
Going against the Tide
If you have a keen eye for detail, you should look beyond what these naysayers are saying. If you have an e-commerce website and you really want to manage your data, there is no better Enterprise Performance Management (EPM) to work with than Oracle, and for many reasons.
By choosing to go against the tide to use Oracle, you will be leveraging proven capabilities, all-in-one e-commerce solutions, enhanced security, and improved customer experience on your page, among other optimization tools that are standard for Oracle database.
Getting the Best of Both Worlds
Oracle database offers you an apt solution for consolidation of your company’s financial and operational data on your WordPress page. In essence, integrating Oracle HFM to your WP page is a fool-proof way of getting the best of both worlds.
Hyperion Financial Management (HFM) Explained
Lest you get lost in technical jargon common on internet Oracle platforms, why not get a detailed assessment of HFM. In the simplest terms, it is a comprehensive web-based, financial, global consolidation, reporting and analysis application.
Through advanced web technology, you are able to manage enterprise financial data quickly and efficiently on the same Oracle platform. In a world where most businesses are operating from multiple locations, such a tool enables your finance team to rapidly consolidate all results in real-time and deliver reports instantly.
To appreciate the reason Oracle Hyperion Financial Management (HFM) is crucial in your WordPress website, consider some practical benefits:
- Currency translation: If you are doing business online, then you are expected to handle different currencies. Conversion, if the same on your WordPress platform, might prove complicated, but with HFM, there is no need to worry as it offers support for multiple currencies.
- Hassle-free financial management: Nothing is as vexing as handling myriad financial data reports which you have to consolidate manually. In most cases, the confusion leads to errors which can be detrimental for business. HFM eliminates this confusion and improves speed in financial consolidation processes.
- Web delivery mechanism: Whatever the destination of your financial data is, you have a viable web delivery tool to get it there in time and securely.
- Versatility: This database enables intercompany transactions, can handle journals, external reporting to stakeholders, full data trails and much more. It is an-all-in-one financial consolidation tool that handles everything.
Oracle Hyperion Financial Management (HFM) can instantly transform your WordPress website in terms of functionality. It integrates application creation and management of financial data through a centralized platform thus reducing compliance costs, delivering timely results and reducing consolidation.
Jim Malon is an IT consultant who specializes in financial security in database administration. He is an avid blogger and an Oracle HFM expert with over 10 years in DBA.