Oracle Hyperion vs Planful comparison

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3,380 views|2,217 comparisons
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Executive Summary

We performed a comparison between Oracle Hyperion and Planful based on real PeerSpot user reviews.

Find out what your peers are saying about Anaplan, Oracle, Jedox and others in Business Performance Management.
To learn more, read our detailed Business Performance Management Report (Updated: March 2024).
765,476 professionals have used our research since 2012.
Featured Review
Quotes From Members
We asked business professionals to review the solutions they use.
Here are some excerpts of what they said:
Pros
"Oracle Hyperion is an engine allowing you to build whatever you want on it.""Scalability isn't a problem for Hyperion.""Scalability is one of this solution's big plus points.""One can see that it's a mature product because it addresses all the requirements that you must need for financial consolidation and for budgeting and planning. It's really easy to use.""Since it is an enterprise-capable solution, people are not worried about security, giving data, the ability to manage complex consolidation, and its ability to modify reporting.""It is easy to use. It is very intuitive. Even though there is a lot of functionality that comes out of the box, you can customize the solutions to meet your needs. You have the ability to have business rules that produce all kinds of calculations. We're international, and we do all our FX conversions through that.""The implementation has been simplified now that it's deployed in the cloud. Also, Hyperion is tightly integrated with Oracle products because Oracle owns it now.""The most valuable features are those associated with modules and SP, IT in this space, planning, HFM, and PME."

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"It has helped us speed up the turnaround time on our consolidation. We don't have to do reporting in Excel anymore, which has cut down on the errors and the efficiency of our close time."

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Cons
"This solution's stability is a little problematic.""We are still having some issues with the ASO Cube. It can take a long time to clear the data in the ASO Cube compared to BSO data-clearing operations. We don't have a specific calculation in the ASO, and we only have these aggregate options on the ASO side. If we need calculations, we have to calculate them in the BSO and pass the data to the ASO Cube for the reporting. That's one of the drawbacks. Oracle could also improve on the data logging side as well.""It is challenging to do reporting on Oracle Hyperion if you're not an expert.""The analytical side of the product could be better and needs to be improved.""The initial setup of Oracle Hyperion is very difficult.""I would love more comment capabilities so that you could put in little notes, cheat notes.""The solution is about to cease to exist, so it doesn't really matter if they add anything to it. It's at end-of-life.""The level of complexity of the implementation is always a challenge."

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"The part that we liked about Excel is that it had a better interface in terms of just graphical illustration of our results. So, if we wanted to look at our financial trends and put it into some type of graphical interface for people to look at, we still have to leverage Excel for that. The dashboards aren't as usable as maybe some of the other solutions, such as Tableau or other BI tools."

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Pricing and Cost Advice
  • "As Oracle's pricing is on the higher end, most businesses prefer to have their own private cloud."
  • "Compared with MSBA, it is quite reasonable."
  • "To get a full license, which gives you access to most of the different Hyperion programs, it costs $2000 to $2500 a month."
  • "We pay for licensing yearly."
  • "Oracle Hyperion is not an inexpensive solution."
  • "The licenses cost approximately $1,000."
  • "The solution is affordable."
  • "Oracle Hyperion's licensing structures are quite expensive for some companies, especially medium-sized companies because of the user-based license."
  • More Oracle Hyperion Pricing and Cost Advice →

  • "Right now, everything is on a three-year term contract, and that is our main cost."
  • More Planful Pricing and Cost Advice →

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    Questions from the Community
    Top Answer:The tool is very scalable and powerful. It helps us with financial reporting and performance reporting. It is a very good tool for consolidation and budgeting. We are dependent on it for reporting.
    Top Answer:Integrating Oracle Hyperion, a multidimensional database, with relational databases poses challenges due to the differing database structures.
    Top Answer:We use the solution for partition planning, HCM, and financial reporting.
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    Ranking
    Views
    3,380
    Comparisons
    2,217
    Reviews
    9
    Average Words per Review
    630
    Rating
    8.0
    Views
    868
    Comparisons
    498
    Reviews
    0
    Average Words per Review
    0
    Rating
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    Comparisons
    Anaplan logo
    Compared 58% of the time.
    Adaptive Insights logo
    Compared 11% of the time.
    Vena logo
    Compared 10% of the time.
    Board logo
    Compared 6% of the time.
    Prophix logo
    Compared 6% of the time.
    Also Known As
    Hyperion
    Host Analytics
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    Overview
    Oracle Business Analytics Suite.

    You need a financial planning solution that meets the structured demands of standardized financial planning and reporting requirements and regulations. Structured Planning with Planful automates labor-intensive planning activities in a complete cloud-based platform – giving your finance team control, consistency, and confidence in corporate financial plans.

    Sample Customers
    ITNL, Aditya Birla Nuvo Ltd., Zaklady Farmaceutyczne Polpharma S.A., Daelim Industrial Co. Ltd., Barco N.V., SITA, McGregor Fashion Group B.V., PCCW Ltd.
    Tandem Diabetes Care, Reed Exhibitions, SkyGolf, Zep Inc., Thule, Stylesight, Schumacher Group, Parsons Electric, Nextag, Groupon
    Top Industries
    REVIEWERS
    Manufacturing Company16%
    Retailer16%
    Financial Services Firm13%
    Computer Software Company9%
    VISITORS READING REVIEWS
    Computer Software Company12%
    Manufacturing Company11%
    Financial Services Firm11%
    Retailer6%
    VISITORS READING REVIEWS
    Computer Software Company16%
    Manufacturing Company11%
    Healthcare Company11%
    Financial Services Firm8%
    Company Size
    REVIEWERS
    Small Business27%
    Midsize Enterprise10%
    Large Enterprise63%
    VISITORS READING REVIEWS
    Small Business20%
    Midsize Enterprise12%
    Large Enterprise68%
    VISITORS READING REVIEWS
    Small Business38%
    Midsize Enterprise16%
    Large Enterprise47%
    Buyer's Guide
    Business Performance Management
    March 2024
    Find out what your peers are saying about Anaplan, Oracle, Jedox and others in Business Performance Management. Updated: March 2024.
    765,476 professionals have used our research since 2012.

    Oracle Hyperion is ranked 2nd in Business Performance Management with 49 reviews while Planful is ranked 16th in Business Performance Management. Oracle Hyperion is rated 8.0, while Planful is rated 8.0. The top reviewer of Oracle Hyperion writes "A world-class solution that provides a lot of functionality out of the box and also allows you to customize it to meet your needs". On the other hand, the top reviewer of Planful writes "It has helped us speed up the turnaround time on our consolidation, and we haven't had anything come up that the program has not been able to solve". Oracle Hyperion is most compared with Tableau, Anaplan, IBM Cognos, Oracle HFM and IBM Planning Analytics, whereas Planful is most compared with Anaplan, Adaptive Insights, Vena, Board and Prophix.

    See our list of best Business Performance Management vendors.

    We monitor all Business Performance Management reviews to prevent fraudulent reviews and keep review quality high. We do not post reviews by company employees or direct competitors. We validate each review for authenticity via cross-reference with LinkedIn, and personal follow-up with the reviewer when necessary.