CCH Tagetik vs Oracle Hyperion comparison

 

Comparison Buyer's Guide

Executive Summary
 

Categories and Ranking

CCH Tagetik
Ranking in Business Performance Management
13th
Average Rating
7.6
Number of Reviews
6
Ranking in other categories
Financial Close Software (8th)
Oracle Hyperion
Ranking in Business Performance Management
2nd
Average Rating
8.0
Number of Reviews
51
Ranking in other categories
No ranking in other categories
 

Market share comparison

As of June 2024, in the Business Performance Management category, the market share of CCH Tagetik is 9.7% and it increased by 51.4% compared to the previous year. The market share of Oracle Hyperion is 14.8% and it increased by 0.5% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Business Performance Management
Unique Categories:
Financial Close Software
6.4%
No other categories found
 

Featured Reviews

Julia Lupidii - PeerSpot reviewer
Sep 28, 2023
User-friendly performance management with intuitive approach
I appreciate its user-friendliness, especially for business users who may not be very tech-savvy. In many organizations, there's a mix of IT professionals and business users with varying levels of technical expertise. One of the strengths of the solution includes a feature similar to SmartView, is that it allows users to work with Excel. Since Excel is a widely familiar tool, it reduces the learning curve and makes it more accessible to a broader audience within the organization. The workflow feature within the solution is particularly valuable. It simplifies complex processes into a step-by-step sequence, making it easy for users to follow along.
Jerome Cobers - PeerSpot reviewer
Sep 13, 2022
Excellent reliability, easy deployment over a period of time, and scalable for medium and large corporate companies
One of the problems we have had with technical support when we are on a project, is we need technical support from senior-level technicians instead of being assigned, junior-level technicians. What I like is to have everything on one platform and not in different modules like Oracle Hyperion. For example, segregated planning and HFM consolidation. OneStream has everything together on one platform. There is less data movement, and with Oracle Hyperion, you have to move data between modules. I think that would be an improvement if they can merge those products. But it has been like that for so long I do not know if Oracle Hyperion has the appetite to do that.

Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Pros

"The most valuable feature of CCH Tagetik is form creation."
"I appreciate its user-friendliness, especially for business users who may not be very tech-savvy."
"Has an APM, which deals with the details of data and has calculation functions included."
"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."
"Oracle Hyperion has helped make things work faster in our company."
"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."
"It's a very good program and it's useful for consolidation."
"The scalability is good."
"We can integrate with any system and pull data from SAP or SQL Server. We can also design our own role files to establish how we pull the file data and store it in our database."
"This is a customizable product. Our implementation was designed to fit our needs."
"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."
"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."
 

Cons

"The tool's major drawback is the ETL process, which is not up to par with other solutions."
"There is room for improvement, especially on the settings side of the solution."
"Analytics function is weak. Other products have sum(irate) function and forecasting help function, but Tagetik does not have this clarity."
"We faced difficulties while uploading data."
"Oracle Hyperion generally it's quite a complex architecture that is hard to maintain."
"All the planning systems out there are great. It doesn't matter which company you use. They're all great. I've seen demonstrations on a number of them, but it all boils down to the culture within the organization itself to use that functionality, understand it, and help drive it. I've had Oracle salespeople do demonstrations, and it looked really good. We get it on board, and everybody still sticks to their Excel spreadsheets because companies are a lot more complex than what you could deliver on the planning system. So, there should be more education on the capabilities, and there should be more understanding of organizations in terms of the way they access the data in order to plan."
"They could support machine learning algorithms for the product."
"Oracle Hyperion's scalability could be improved."
"There can be an improvement in many regards with the dimensions, the metadata, the interfaces, as well as the integration."
"I found the initial setup to be complex."
"The reporting feature in Oracle Hyperion isn't the best. It needs improvement."
"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."
 

Pricing and Cost Advice

"The solution is quite expensive."
"The solution's pricing is affordable."
"We pay for licensing yearly."
"Compared with MSBA, it is quite reasonable."
"The solution is affordable."
"To get a full license, which gives you access to most of the different Hyperion programs, it costs $2000 to $2500 a month."
"It might be considered relatively costly compared to some alternatives."
"Oracle Hyperion is not an inexpensive solution."
"The licenses cost approximately $1,000."
"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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Top Industries

By visitors reading reviews
Financial Services Firm
14%
Manufacturing Company
13%
Computer Software Company
12%
Retailer
8%
Computer Software Company
12%
Manufacturing Company
12%
Financial Services Firm
11%
Retailer
6%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
 

Questions from the Community

What do you like most about CCH Tagetik?
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 Reg...
What needs improvement with CCH Tagetik?
The tool's major drawback is the ETL process, which is not up to par with other solutions.
What do you like most about Oracle Hyperion?
We can collect data from various sources, which is very useful for budgeting and planning.
What needs improvement with Oracle Hyperion?
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,...
What is your primary use case for Oracle Hyperion?
Our primary use case for the product involves supporting customers in constructing forecasting models within the Oracle Hyperion platform.
 

Also Known As

Tagetik
Hyperion
 

Learn More

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Overview

 

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.
Find out what your peers are saying about CCH Tagetik vs. Oracle Hyperion and other solutions. Updated: May 2024.
787,104 professionals have used our research since 2012.