Oracle DRM Blog

Hyperion Master Data Management has a small makeover by Oracle at the OpenWorld. The product is now called Oracle’s Hyperion Data Relationship Management. Given the Hyperion acquisition, the Hyperion MDM product became part of the Oracle’s offerings. And since Oracle touts its Customer Data Hub and Product Data Hub as a Master Management tool. Therefore, it’s probably not a good idea to have one product named MDM, which could imply that we may not need the others. Therefore, the name distinguishes itself as one of the piece in the MDM puzzle.

In Oracle’s own literatures, it mentioned “Hyperion DRM provides the industry’s first data model-agnostic master data management solution built to enable financial and analytical master data management in dynamic, fast-changing business environments.”

Financial MDM
Create an enterprise view of financial chart of accounts, cost centers and legal entities with a view to govern on-going financial management and consolidation based on consistent definitions of financial and reporting structures across general ledger systems, financial consolidation, planning and budgeting systems.

Analytical MDM
Create an enterprise view of analytical dimensions, reporting structures, performance measures and their related attributes and hierarchies using Hyperion DRM’s data model-agnostic foundation. Construct departmental perspectives that bear referential integrity and consistency with master data constructs based on validations and business rules that enforce enterprise governance policies. Synchronize master data with downstream systems including BI/EPM systems, data warehouses and data marts to gain trustworthy insight.

In short, this tool is ideal in managing disparate hierarchies that exist in alot of organizations, some of them in systems but many of them in spreadsheets too. However, I believe it can probably handle more than 100,000+ members dimension which could well sneak itself into the product and customer master data management space.

One thing that I think could cause confusion for people is that the DRM acronym has already been used by Oracle’s Data Resource Manager (DRM). Oh well, that’s something else we may have to deal with for a while.