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Monthly Updates

September 2012

Welcome to the second installment of the COMPASS Roadmap Monthly edition. Starting this month each issue will profile a different portion of Hyperion. This month will feature Long Range Planning. For a more general overview of COMPASS, visit COMPASS 101 on the COMPASS website.

Long Range Planning – A Closer Look

On August 24, project members previewed the Long Range Planning (LRP) portion of Hyperion. LRP is the second component of Hyperion to be implemented – the first part being Hyperion-FIN. Used to calculate trends and create reports using past actuals and current budget year data to estimate a three to five year forecast, LRP is expected to be available to the first round of end users in mid-fall. Training will follow shortly thereafter. Initially, it will only be used by a pilot group which includes personnel on the Columbia campus. Other campuses will assess using LRP during the next budget cycle.

Some of the key features of LRP include:

  • The ability to subset operating funds into smaller groups and apply different adjustments to income and expenditures at a College/School/Division level for longer-term projects.
  • The availability to create four versions of a plan (LRP “Working version” and three LRP “If versions”), allowing you to develop plans with different data to see the impact of different data.

Implementing LRP is an exciting milestone in the COMPASS project! It is another step towards realizing the tools that will enable us to be more productive and more successful in our day-to-day work.

Training in Full Swing

The campus budget officers have conducted 36 auditorium and computer lab style training sessions with approximately 524 university employees receiving training on Hyperion-FIN, PeopleSoft Budget Maintenance, Hyperion Reporting, and Data Warehouse Reporting. The successful rollout of training has generated some encouraging feedback about the new system. See what your colleagues are saying about training and the new system.

“I LIKE IT!! I was impressed with what can be done from the administrative perspective.”

“Seeing “real” info as it applied to me was beneficial.”

“It is complex, but I understand why it has to be that way – it does so much more than what we’re used to.”

“Seems easy to use.”

“Great job – glad we’re on the way!”

As a reminder, Hyperion and COGNOS (Data Warehouse) training materials are available on the Division of IT website. The COGNOS (Data Warehouse) materials recently had some new topics added: Creating a Report View (Allows Saving of Prompt Values) and Scheduling a Report.

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