CCH Tagetik vs Oracle Hyperion comparison

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Wolters Kluwer Logo
1,000 views|844 comparisons
85% willing to recommend
Oracle Logo
3,349 views|2,170 comparisons
87% willing to recommend
Comparison Buyer's Guide
Executive Summary

We performed a comparison between CCH Tagetik 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.
To learn more, read our detailed CCH Tagetik vs. Oracle Hyperion Report (Updated: May 2024).
771,212 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
"I've primarily worked with CCH Tagetik as a consultant, handling implementations and not providing day-to-day user support. I initially appreciated the unified platform, the Ownership Structure Register, which benefits certain entities. The workflow feature is great, but it can become overly detailed and lacks clear guidance on design. The solution is good in terms of storage.""Has an APM, which deals with the details of data and has calculation functions included.""I appreciate its user-friendliness, especially for business users who may not be very tech-savvy.""The most valuable feature of CCH Tagetik is form creation."

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"Hyperion is helpful for all our budget processes.""The scalability is good.""The latest cloud version is more efficient for financial implementations.""Oracle Hyperion is fairly user-friendly and not too complicated. The forecasting, it's really good. It's sometimes slow when there are a lot of users using it and we can have up to approximately 300 users using it. However, you can do it in Excel because there's an Excel add-in. This is a benefit because a lot of people do this way instead of having to go into the planning application itself.""This is a customizable product. Our implementation was designed to fit our needs.""The accuracy of data gathering and consolidation is very good.""The roll-up potential of the product is very good, meaning we have detailed information and we want it to be summarized, based on geography, based on different product lines, or based on different charts of accounts in the general ledger. It rolls up the information in a very concise way. This makes it easy to understand the overall performance, for it's forecasting aspects, or quarterly reporting, year to year, or month to month 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."

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Cons
"We faced difficulties while uploading data.""The tool's major drawback is the ETL process, which is not up to par with other solutions.""Analytics function is weak. Other products have sum(irate) function and forecasting help function, but Tagetik does not have this clarity.""There is room for improvement, especially on the settings side of the solution."

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"It is challenging to do reporting on Oracle Hyperion if you're not an expert.""The interface could be better. It could be more user-friendly, it is not very intuitive.""The initial setup of Oracle Hyperion is very difficult.""I have a problem with Hyperion when I need to log some changes in the budget. It's hard to know who made which changes in the budget.""Integrating Oracle Hyperion, a multidimensional database, with relational databases poses challenges due to the differing database structures.""There's something known as a data block that Hyperion generates for each and every transaction. Sometimes it does not generate and we need to identify those issues and fix them manually.""The reporting feature in Oracle Hyperion isn't the best. It needs improvement.""The analytical side of the product could be better and needs to be improved."

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Pricing and Cost Advice
  • "The solution's pricing is affordable."
  • "The solution is quite expensive."
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  • "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."
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    Questions from the Community
    Top Answer:I've primarily worked with CCH Tagetik as a consultant, handling implementations and not providing day-to-day user support. I initially appreciated the unified platform, the Ownership Structure… more »
    Top Answer:The solution's pricing is affordable.
    Top Answer:The tool's major drawback is the ETL process, which is not up to par with other solutions.
    Top Answer:We can collect data from various sources, which is very useful for budgeting and planning.
    Top Answer:They could support machine learning algorithms for the product. Such functionality would make operations easier for finance executives in the next five years. They are trying to edit the functions… more »
    Top Answer:Our primary use case for the product involves supporting customers in constructing forecasting models within the Oracle Hyperion platform.
    Ranking
    Views
    1,000
    Comparisons
    844
    Reviews
    3
    Average Words per Review
    362
    Rating
    7.0
    Views
    3,349
    Comparisons
    2,170
    Reviews
    9
    Average Words per Review
    630
    Rating
    8.0
    Comparisons
    Also Known As
    Tagetik
    Hyperion
    Learn More
    Wolters Kluwer
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    Overview

    CCH Tagetik goes beyond basic CPM. By aligning financial and operational data in a unified platform, our software ensures you're working with a single version of the truth. The result is faster financial processes and a complete view of your entire organization.

    Oracle Business Analytics Suite.
    Sample Customers
    Daimler, Randstad, Rabobank, Metro Group
    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.
    Top Industries
    VISITORS READING REVIEWS
    Manufacturing Company13%
    Financial Services Firm12%
    Computer Software Company12%
    Retailer9%
    REVIEWERS
    Manufacturing Company18%
    Retailer15%
    Financial Services Firm12%
    Computer Software Company9%
    VISITORS READING REVIEWS
    Computer Software Company12%
    Manufacturing Company12%
    Financial Services Firm11%
    Retailer6%
    Company Size
    REVIEWERS
    Small Business57%
    Large Enterprise43%
    VISITORS READING REVIEWS
    Small Business20%
    Midsize Enterprise10%
    Large Enterprise70%
    REVIEWERS
    Small Business28%
    Midsize Enterprise11%
    Large Enterprise61%
    VISITORS READING REVIEWS
    Small Business20%
    Midsize Enterprise12%
    Large Enterprise68%
    Buyer's Guide
    CCH Tagetik vs. Oracle Hyperion
    May 2024
    Find out what your peers are saying about CCH Tagetik vs. Oracle Hyperion and other solutions. Updated: May 2024.
    771,212 professionals have used our research since 2012.

    CCH Tagetik is ranked 13th in Business Performance Management with 6 reviews while Oracle Hyperion is ranked 2nd in Business Performance Management with 51 reviews. CCH Tagetik is rated 7.6, while Oracle Hyperion is rated 8.0. The top reviewer of CCH Tagetik writes "User-friendly performance management with intuitive approach". 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". CCH Tagetik is most compared with SAP Business Planning and Consolidation, Oracle HFM, Anaplan, IBM Cognos and IBM Planning Analytics, whereas Oracle Hyperion is most compared with Tableau, IBM Cognos, Anaplan, Oracle HFM and Jedox. See our CCH Tagetik vs. Oracle Hyperion report.

    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.