We performed a comparison between Oracle HFM and Oracle Hyperion based on real PeerSpot user reviews.
Find out in this report how the two Business Performance Management solutions compare in terms of features, pricing, service and support, easy of deployment, and ROI."The most valuable features are around consolidations, eliminations, conversions."
"It is a very user-friendly software."
"The most valuable feature is the flexibility and ease of configuration in terms of testing and formula creation."
"Financial consolidation and reporting tool with good built-in features such as currency exchange and elimination."
"The tool is stable."
"Stability-wise, I rate the solution a ten out of ten."
"You can bring in data from any source and from multiple sources, and you can consolidate that data in HFM."
"Hyperion is helpful for all our budget processes."
"The most valuable features are those associated with modules and SP, IT in this space, planning, HFM, and PME."
"It's basically the same as the other budgeting solutions."
"The accuracy of data gathering and consolidation is very good."
"Scalability isn't a problem for Hyperion."
"It's very easy to use and the functionality is quite complete."
"This product is very scalable and provides high ROI."
"We like the reporting and tracking of financials."
"If there could be data integration between HFM and the accounting software that would be ideal."
"The solution has integration challenges. We need a simple tool that is fool-proof for the data that is submitted not only for consolidation purposes but also for performance management and reporting purposes."
"It's a difficult process to try to edit, configure, or change the business rules that exist and work within HFM."
"In terms of improvement, one challenge with Oracle HFM is the need for technical knowledge in writing SQL syntax for custom extensions."
"The intercompany reporting function in this tool needs improvement, particularly being able to run reports in batches, rather than one at a time."
"Integration is an area where it lacks and can be improved."
"The complexity is okay. I don't see it as super complex. The solution could have more functionality to make it a little bit more flexible."
"Configuration is a little complex, it's not very easy. The solution is integrated with Essbase and there are not many users of the Essbase database. If they can provide different modules for each subject area, like supply chain, for inventory forecasting or for order management forecasting, it would make each subject area easier to manage."
"The Oracle technical support in our area is terrible."
"Their documentation could be a little bit more descriptive at places. They don't really do a lot of How-Tos because that gets pushed through to the consulting groups. There have been some books. There is a real good one out there about how to look smarter than you are with Hyperion Planning that some people at a company called ArganoInterRel wrote. Those things do exist, but that's not in their documentation. It's basically like they'll say, "This is the field. This is what it's used for," but they don't tell you how to particularly use it in your case environment."
"This solution's stability is a little problematic."
"I would like to see more integrations with third-party vendors such as BigSense and SAP. I'm looking forward to seeing more interface-related content."
"I found the initial setup to be complex."
"It is challenging to do reporting on Oracle Hyperion if you're not an expert."
"Integrating Oracle Hyperion, a multidimensional database, with relational databases poses challenges due to the differing database structures."
Oracle HFM is ranked 7th in Business Performance Management with 14 reviews while Oracle Hyperion is ranked 2nd in Business Performance Management with 49 reviews. Oracle HFM is rated 8.0, while Oracle Hyperion is rated 8.0. The top reviewer of Oracle HFM writes "Offers flexibility and ease of configuration". On the other hand, 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". Oracle HFM is most compared with Oracle Planning and Budgeting Cloud, OneStream XF, CCH Tagetik, Microsoft Power BI and Anaplan, whereas Oracle Hyperion is most compared with Tableau, Anaplan, IBM Cognos, IBM Planning Analytics and Oracle Planning and Budgeting Cloud. See our Oracle HFM vs. Oracle Hyperion report.
See our list of best Business Performance Management vendors.
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