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Monday, February 28, 2011

History of Oracle DRM

The latest version of DRM is Oracle - Hyperion Data Relationship Management 11.1.2.X as part of the Fusion edition of the Oracle EPM module.

The history of Oracle DRM goes way back to a company called Razza Solutions pre-1995. The company marketed a product called Razza Dimension Server (Razza DS), and had about thirty Fortune 500 as customers. In January, 2005, Hyperion acquired the company with Razza’s 15-person staff became Hyperion employees. Since Hyperion’s acquisition, the product was marketed as Hyperion Master Data Management (MDM) Server. Razza was integrated as part of Hyperion’s System 9 Business Intelligence Platform.

The value proposition with Razza’s product was an unique way to model business reality as required by LOB's and executives to measure business performance. It provided a single point of control on the complex and dynamic business rules and data such as products, organizational, channel and impacts of mergers and acquisitions.

2005 – Hyperion acquires Razza Solutions (Master Data Management)
2006 – Hyperion acquires UpStream (Financial Data Quality Management)
2007 – Hyperion acquires Decisioneering (Crystal Ball)
2007 – Oracle Corporation announces agreement to acquire Hyperion for USD3.3 Billion.

Oracle-Data Relationship Management

The Oracle Data Relationship Management solution enables organizations to synchronize
information from varied sources into a single central location,to get an accurate, consistent 360-degree view of enterprise data.

Data Relationship Management (DRM) is a combination of applications and technologies that consolidates, cleans, and augments this corporate master data, and synchronizes it with all applications, business processes, and analytical tools.


Key Use Cases
1.Complex Chart of Accounts Issues
•Special rules, number schemes, requirements
•Difficulty in making updates and changes
2.Multiple ERP, GL or EPM instances
•Adds, updates and deletes of accounts, entities and cost centers have to be manually replicated across multiple systems
3.Rapid Change
•Mergers and acquisitions
•System consolidation and alignment
4.Compliance & Audit
•Fully automated, closed-loop change process
•Analyze, assess, track and audit changes
5.Complex Dimension Management
•Alternate hierarchies to address enterprise BI and financial reporting objectives
•Shared maintenance structure with distinct uses across LOBs, regions, & business units
6.General Purpose MDM / Reference Data Management
•Map transaction codes with reference assets (e.g., products, processes, activities)
•General purpose master data management (e.g., contracts, assets, etc.)