Frequently Asked Questions

Find answers for Hyperion, Budget or Endowment related questions. Use keywords, and not full sentences, to improve your search results. For example: if you are looking for endowment related FAQs type in 'endowment' in the search box. If you can't find an answer please send us an email

Q: How frequently does Position Management data gets reflected in the system?

Data from Position Management is loaded weekly to Hyperion. Please refer to the Universal Schedule under Budgeting guidelines and processes.

Q: How often are ACTUALS loaded from FMS?

The Hyperion system will be updated with FMS data on a monthly basis, generally after Finance sends out notifications to run month end reports. Please refer to the Universal Schedule under Budgeting guidelines and processes.

Q: In multi-line GPO transfers, I have a line that is incorrect. Can I fix this?

Yes, if the transfer has not been completed.

In order to fix a line that is incorrect, add a new line, use the same department and PG of the incorrect line and leave the fiscal and recurring amounts blank and click on add. This will eliminate the incorrect line from your multi-line transfer and you can input the correct department/PG and amounts on a new line.
 

Q: Is the Hyperion system available 24/7?

No. The system is scheduled to go offline for maintenance during the following hours:

  • Monday to Friday from 10:00pm to 7:00am
  • Saturday and Sunday from 8:00pm to 7:00am

Please note that the system support is limited to regular UBC business hours.
 

Q: Is this policy final?

As part of the responsible investment policy, UBC, through its Board of Governors, has committed to reviewing its responsible investment policies at least every three years – and more often if justified by rapid industry changes.

Q: What are interfund transfers and how do I record them?

An interfund transfer is a transfer from G0000 funds to non-G0000 funds or between non-G0000 funds. Interfund transfers that are initiated/recorded in Hyperion are for planning purposes only (i.e. they will not be reflected in FMS).

If users would like to initiate an actual interfund transfer to be reflected in FMS, they must request and initiate the transfer via a journal voucher.

Please refer to Fund Transfer Training (pdf) for more details.

Q: What are the concerns raised by industry experts about divestment?

UBC consulted with industry experts, most of whom favour an approach of engaging companies to influence them to improve their environmental and social governance performance.

Concerns were raised that divestment is often more symbolic than effective, and on some occasions, divestment can carry the risk of unintended negative consequences – i.e. divesting opens up opportunities for less responsible investors, and can drive investment to countries with weak or nonexistent regulatory regimes or ESG standards.

From an economic perspective, screening out entire sectors such as the Canadian energy sector would push investments outside of the country, into geographic areas that often have more questionable social and environmental records. It would also penalize energy companies with strong environmental records and those that have diversified their portfolios to include renewable energies.

Q: What browsers are supported by the application?

Hyperion has been upgraded to version 11.1.2.4. With this upgrade, there is better browser support for Internet Explorer 11. Firefox ESR will continue to work, and there is no longer any requirement for Remote XUL Manager add-on configuration. Note, Chrome and Safari browsers remain unsupported and will not work with Hyperion.

Please use Firefox if you are on the Finance or HR VDI.

If you are a Smart View user, we recommend the 11.1.2.5.600 version of the client. This version is compatible with IE 11 and has been tested to work with Firefox ESR version 52 (through 52.9.0).

Q: What data is available in the Hyperion system?

The Hyperion planning system has been loaded with the following information:

  • Prior year ACTUALS since Fiscal 2008/09
  • Current fiscal year FORECAST
  • Current year ACTUALS to the month end that is closed
  • Position Management Data
Q: What exactly is ‘responsible investing’?

Responsible investing is an approach that explicitly acknowledges the environmental and social performance of companies and industries along with the long-term health and stability of the financial market as a whole. Responsible investing requires companies and investors to take a wider view, and recognizes that the generation of long-term, sustainable returns is dependent on stable, well-functioning and well-governed social, environmental and economic systems.