I have recently been asked by our Group Finance team about the possibility of creating a 5+19 forecast in Hyperion. We currently use HFM for our annual Budget and Forecasting, but Group are looking to extend this to a 24 month period.
I have advised implementing Hyperion Planning for this, and am wary that introducing cross-fiscal year forecasting would involvefundamental changes to the core of our HFM application and could significantly impact on our consolidation and reporting times. However they are keen to investigate the HFM route.
Doe anyone have any experience of using HFM for this? Did it work or did you end up implementing Planning? Did you use rules to pull the closing and opening balances or some other method?
Thanks in advance
-JR