Not using Multicurrency option in Hyperion Planning has its own benefits
Hyperion Planning applications often require multiple
currencies. Hyperion Planning includes a
currency option that easily allows multiple currencies to be managed. Allowing Planning to manage this, introduces
a couple of limitations and costs. These can be avoided if currency is managed
manually. Learn More about: Hyperion
Planning 11.1.2.3 Upgrade
When the Hyperion Planning currency option is enabled, an
additional 2 dimensions are required.
This raises the required dimensions from 6 to 8. Most planning applications have a need for at
least 2 to 3 custom dimensions. Even
smaller applications suffer greatly when adding the additional 2 dimensions. So, by using the currency option, the ability
to use custom dimensions is limited. By
adding a few accounts to hold the currency conversion and adding one dimension
that has members for all the currencies, multi-currency applications can be
handled with only one additional dimension.
If the currency option is not used, the currency calculations may be
written more efficiently than the default calculations introduced with the
currency option.
Another drawback with the currency option is that is only
allows data input to the base currency.
Most the applications that we have built require multiple currencies,
require the input at more than base currency.
Assume a retail company that has stores in a number of countries with
different currencies. Salaries may be
budgeted in the local currencies, but the cost of the bags used by customers to
carry merchandise out of the store is budgeted in USD. The costs are distributed in USD based on units
and converted to the local currencies. Click here Oracle cloud services to learn more.
Lastly, using the currency option, because of the number of
dense dimensions, limits the number of time periods. Executing calculations is limited to using
64k of memory. Applications that use
something other than month (like week, or day) can regularly hit this limit.
Original Source of Blog: https://www.jadeglobal.com/resources/case-study/hyperion-planning-11123-upgrade
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