Leveraging Oracle Hyperion EPM Technology at HomeStreet Bank

Leveraging Oracle Hyperion EPM Technology to Support Ongoing Growth

By Erik Torseth, HomeStreet Bank, and Leo Gonzalez, Key Performance Ideas

Published in OAUG Insight, Summer 2015

HomeStreet Bank has made strategic investments in the Oracle Hyperion EPM solution in order support ongoing growth, including the ability to forecast expansion plans and expected financial results for one- and three-year plans; develop a new method of forecasting production, staffing and commissions; and provide new and improved management reporting capabilities, including drill-through to transactional detail.

The company has grown through organic growth as well as several acquisitions. In 2013, the company acquired Fortune Bank and YNB Financial Services Corporation and purchased two retail deposit branches and related assets from AmercianWest Bank. Additionally, in 2015, HomeStreet Bank merged with Simplicity Bancorp, Inc. and is now recognized as one of the fastest growing financial services companies in the nation.

Due to the overwhelming growth, the company’s legacy budgeting and forecasting system was extremely complicated.

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