Case Study

Arvest Bank - HYPERION PLANNING REPLACES HFM REPORTING AND MANUAL FORECASTING PROCESS

Arvest Bank - HYPERION PLANNING REPLACES HFM REPORTING AND MANUAL FORECASTING PROCESS

Pages 2 Pages

Business Challenge Arvest Bank is a diversified financial services company headquartered in Bentonville, Arkansas with branches in Arkansas, Oklahoma, and Missouri. The organization provides a range of personal and business banking solutions including credit cards, online banking, home loans, retirement planning, investing, and insurance in more than 250 branches in 4 states. Arvest implemented Hyperion Financial Management (HFM) and Hyperion Planning applications to support monthly consolidated management reporting and annual budget inputs and reporting. As Arvest grew, the applications were not well-maintained. Because of this, the related business processes were manual and time consuming. The Planning and HFM calculations were not successfully functioning, creating poor pe

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