Can Essbase take the place of Enterprise?

I just started at a new company where they use Enterprise, because of consolidations. They are looking to upgrade the system. I am used to using Essbase from prior experience. Can Essbase perform consolidatations like Enterprise? Would we be able to go with Essbase as opposed to Hyper. Financial management? If not, what are the fundemental problems or difference betweent the systems?Thanks

The short answer is, yes, consolidations can be done. But the audit trail would be really messy to reconcile and probably inadequate.The long answer is that when Essbase was owned by Arbor, it was a competing product with Enterprise.There used to be a tool called the Essbase Adjustment Module that had been developed by Arbor & Braun (?) Consulting.The EAM allowed you to make journal entries that posted to Essbase, creating the necessary paper trail. The EAM died when Hyperion took over and is not supported. It was little more than an Access database with its own front end and load rules.You could create a load rule that added values instead of overwriting, and create a JE template that could use that rule. But you would have no electronic audit trail, which the IRS would probably have a problem with.Or you can re-invent the EAM.Good Luck,Tim

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Can Essbase take the place of Enterprise?

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