Adaptive Insights vs Oracle HFM vs Oracle Planning and Budgeting Cloud comparison

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Executive Summary

We performed a comparison between Adaptive Insights, Oracle HFM, and Oracle Planning and Budgeting Cloud 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).
765,234 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
"Forecasting changes that instantly flow through all financial statements.""Automated reporting.""Changes to corporate structure, account codes are updated in all versions including prior years, hence "one-version of truth" as claimed.""The most valuable feature of the solution is its dashboard.""It helps develop a more unified work format throughout the company.""Reports are allowed to be edited for aesthetic purposes, which is lacking in a lot of other dashboard tools.""It's very stable.""We utilize planning on a daily basis, therefore we find it to be the most valuable product for our organization."

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"The most valuable feature is the flexibility and ease of configuration in terms of testing and formula creation.""It is a very user-friendly software.""You can bring in data from any source and from multiple sources, and you can consolidate that data in HFM.""Financial consolidation and reporting tool with good built-in features such as currency exchange and elimination.""The most valuable features are around consolidations, eliminations, conversions.""Stability-wise, I rate the solution a ten out of ten.""The tool is stable."

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"The product has a direct plugin to Microsoft Excel.""The most valuable feature of Oracle Planning and Budgeting Cloud is ad hoc reporting.""The most valuable feature is the data integration in Oracle Planning and Budgeting Cloud.""Beneficial analysis and easy to do management adjustments.""The most valuable features of Oracle Planning and Budgeting Cloud are the many capabilities it provides.""The tool improves the organizational budgeting process in several ways. One significant aspect is the extensionable functionality it offers. To illustrate, consider a scenario where a company has factories in Mexico producing Volkswagen and Kentucky producing Ford.""Once you do the budget in Oracle ERP, you can upload it, but it's easier to create and manage budgets in the Oracle budgeting tool itself. For example, if you have a shortfall in the budget, it's easier to manage that and the forms, too, especially if you also have Oracle Forms Management. You can get the forms from somewhere and then transform those forms into budget heads.""We previously used Oracle EDS, and when comparing it to this solution, this solution has a much better interface. There are lots of advantages of the new solutions. Having it on the cloud, we are able to forget about keeping them updated or taking care of the database. We have minimal maintenance."

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Cons
"Being able to drill down when using OfficeConnect needs work.""We tried Discovery and OfficeConnect at one point and found them too cumbersome, at the time.""Adaptive Insights could improve the data designer interface to make integrations easier to set up.""Users continue to become more advanced and are looking for more advanced solutions.""It's a Workday product; they could do a little bit better to integrate a pure-play integration with Workday, which really doesn't do that.""The product's configuration process could be faster.""Their customer support team is slow to respond and not extremely confident.""The integrations could be simpler. It takes quite a bit of internal and IT know-how to set up."

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"If there could be data integration between HFM and the accounting software that would be ideal.""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.""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.""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.""Integration is an area where it lacks and can be improved.""It's a difficult process to try to edit, configure, or change the business rules that exist and work within HFM."

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"Some of the things in this product are just too cumbersome and we don't need them and they make it harder to do certain things, or certain things have to have more specific names or descriptions.""The FR recording studio that is used to build reports is clunky and awful to use. This could be improved a lot. The solution does have problems and limitations.""The tool's interface is outdated. However, OneStream is easier to navigate.""Oracle Planning and Budgeting Cloud could improve. There are times when the forms are slow in saving and calculating.""There is middleware that we need to purchase for our use case that should be provided in Oracle Planning and Budgeting Cloud. We should not have to purchase the additional solution and the integration should be seamless.""Oracle Planning and Budgeting Cloud could improve by having better integration with some other modules that we would add to this solution.""One potential improvement would be a more visual workflow, as the current method using a tax list is not as effective.""For HR, the workforce planning out of the box is complicated. For most users, it's not easy, and it requires a learning curve. It's not very user-friendly. It can be improved."

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Pricing and Cost Advice
  • "Everything is negotiable, but this solution is low cost compared to others."
  • "Licensing seems to be worth the cost considering the efficiency Adaptive brings."
  • "Prior to purchasing licenses, make sure you understand which users will only need planning and which users will need both planning and OfficeConnect."
  • "Ensure that you have the proper pricing plan in place."
  • "Adaptive Insights' pricing is reasonable."
  • "Pricing is in line with other cloud-based EPM tools. It is a subscription-based model based upon the number of users and site type if it's an admin or end-user type thing."
  • "Adaptive Insights' pricing is relative to its peer competitors. It's certainly competitive compared to a spreadsheet template that you build in Excel. It can be expensive if you need to have 100-500 budget holders giving input and building financial plans. However, in that case, it becomes an extremely good bargain. Compared to its competitors, it offers an excellent value."
  • "It's affordable."
  • More Adaptive Insights Pricing and Cost Advice →

  • "Oracle Hyperion Financial Management (HFM) uses the named user licensing model. There's different pricing depending on HFM and Essbase planning."
  • More Oracle HFM Pricing and Cost Advice →

  • "The price of Oracle Planning and Budgeting Cloud is expensive. However, it solves a lot of issues at the company. Having a better price could make us think about using more cloud products for Oracle and increase usage."
  • "The solution is free."
  • "There is an annual subscription for this solution and it is priced high."
  • More Oracle Planning and Budgeting Cloud Pricing and Cost Advice →

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    Questions from the Community
    Top Answer:Here are some of the pros and cons of OneStream XF and Adaptive Insights for FP&A in the professional services industry… more »
    Top Answer: It's very simple to create a new version and do some more modeling based on your need for planning things like… more »
    Top Answer:12 years ago, it was very affordable. Workday has definitely increased its price since it acquired Adaptive a few years… more »
    Top Answer:The most valuable feature is the flexibility and ease of configuration in terms of testing and formula creation.
    Top Answer:In terms of improvement, one challenge with Oracle HFM is the need for technical knowledge in writing SQL syntax for… more »
    Top Answer:There is an annual subscription for this solution and it is priced high.
    Top Answer:One potential improvement would be a more visual workflow, as the current method using a tax list is not as effective.
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    Also Known As
    Workday Adaptive Planning, Adaptive Discovery , Workday Adaptive Planning
    HFM
    Oracle PBCS, Oracle Enterprise Business Planning
    Learn More
    Overview

    Adaptive Insights is a cloud-based financial planning and analysis software that helps businesses streamline their budgeting, forecasting, and reporting processes. 

    With its intuitive interface and powerful analytics, it enables organizations to make data-driven decisions and drive business performance.

    Oracle Hyperion Financial Management is a financial consolidation and reporting application built with advanced Web technology. It provides financial managers the ability to rapidly consolidate and report financial results, meet global regulatory requirements, reduce the cost of compliance and deliver confidence in the numbers.

    Oracle Planning and Budgeting Cloud Service enables organizations of all sizes to drive accurate, connected plans across your business and be prepared for what's next. Navigate uncertainty with scenario modeling. Leverage built-in best practices and predictive intelligence across finance, line of business, and operations.

    Planning, Budgeting, and Forecasting

    · Create decision-oriented plans: Make better decisions by creating goal-oriented, driver-based plans. Get immediate insight to your performance with interactive dashboards and reports and leverage predictive planning to recommend the best path forward.

    · Connect your business: Connect every part of your business with a plan that is fully integrated across finance, operations, and lines of business. With connected planning, you can immediately analyze the impact of changes across your business.

    · Do freeform modeling at scale: With Oracle Cloud EPM Freeform, model multiple complex financial and operational what-if scenarios with large-scale, freeform ad-hoc modeling. Use predictive planning features to validate assumptions and reduce the risk in your decisions.

    Prepare for anything with Scenario Modeling

    · Apply sophisticated financial intelligence: Leverage financial intelligence and other powerful, built-in features to rapidly model multiple scenarios to quickly deal with change.

    · Support your decisions with Monte Carlo simulations: Use Monte Carlo simulations to determine the likelihood of various scenarios, giving you confidence in your decisions.

    · Align strategy with plans: Understand the impact of strategic decisions across your bottom line, balance sheet, cash flow, and shareholder value before pushing to your operational plan.

    · Optimize capital structure: Model different funding options and understand the impact your strategies will have on your credit rating and capital structure.

    Retain top talent with workforce planning

    · Plan for compensation expenses: Plan compensation-related expenses by employee, job code, or at a level of detail that makes sense for your business using out-of-the-box, driver-based planning.

    · Align finance and HR: Build the workforce you need to execute on your strategic goals. Collaborate more with HR with prebuilt integration to Oracle Cloud Human Capital Management (HCM) and integration with other third-party cloud HCM solutions.

    · Leverage wizard-based planning for ease of use: Maintain complex employee expense calculations, such as benefits, tax expense, and others with easy-to-use planning wizards.

    Plan your capital asset expenses

    · Track the full lifecycle of capital investment: Create cashflow and funding plans for investments and leased assets. Also plan for new capital assets and take advantage of out-of-the-box calculations for depreciation and amortization during the lifespan of the asset.

    · Plan asset-related expenses: Easily model asset-related expenses such as repairs and insurance. Automate processes such as retirements, transfers, and improvements.

    · Plan for intangible assets: Plan for new and existing intangible assets, including amortization and cash flow planning and impairments.

    · Review your capital expenses: Get an overall capital expense spending analysis, including asset summary reports, and actual versus plan variances. See the impact on cash flow, balance sheet, and income statement by asset class and business unit.

    Understand the financial aspects of your projects

    · Model all project types: Use out-of-the-box drivers to plan costs related to both short- and long-term projects. These include internal projects, such as IT, R&D, marketing campaigns, and contract-based projects or projects across more complex project-oriented industries, such as construction, engineering, and professional services.

    · Plan detailed project costs and revenues: Understand the financial impact of your projects. Use drivers that help you plan for individual employee and asset-related costs, as well as expected revenues.

    · Track project performance: Use prebuilt metrics to track project revenue, expenses, and cash flow. Leverage performance indicators such as net present value, payback, and return on investment.

    Plan across all financial statements

    · Optimize your revenue plan: Accurately plan revenue, sales, and gross margin by adding dimensions for specific drivers related to your business.

    · Plan for all expenses: Plan for all of your expenses with prebuilt best-practice expense drivers. Include expenses from workforce and capital planning with prebuilt integration.

    · Analyze the balance sheet: See the full picture by integrating balance sheets fully with income statements and cash flow. Configure for industry-specific requirements.

    · Model your cash flow: Model cash from operations with fully integrated cash flow planning for short, medium, and long-term time horizons.

    Integrated Business Planning and Execution (IBPx)

    · Connect you planning, execution, finance and operations: Transform plans into execution and monitor activity to detect unexpected events using IoT, AI and prescriptive analytics. Simulate and evaluate alternative response to maintain or improve business targets.

    · Reduce decision latency: Leverage real-time planning and execution details to act on negative trends faster and more effectively.

    · Consolidated view across the entire process: Improve your short and long range strategic planning by seamlessly integrating planning and execution in to a single data model.

    Empower finance to become data driven with IPM

    IPM applies data science and machine learning to enable finance professionals to be more data driven, impacting key areas of the business, and take advantage of potential missed opportunities.

    · Improve decisions with predictive planning: Identify and leverage patterns in your financial and operational data to improve accuracy. Run predictions on the latest actuals and factor those into your plans for more timely, objective decisions.

    · Speed up data analysis to take faster action with Insights: Use embedded AI and machine learning (ML) to continually monitor your plans, forecasts, and variances, so you’ll be alerted about any anomalies, biases—as well as hidden correlations. Relevant insights now come straight to you, empowering you to take the right action in time.

    Sample Customers
    1. Cisco Systems 2. Coca-Cola Bottling Co. Consolidated 3. Deloitte 4. DocuSign 5. Dropbox 6. Electronic Arts 7. Fender Musical Instruments Corporation 8. Fitbit 9. Fossil Group 10. Groupon 11. Hilton Worldwide 12. HP Inc. 13. Intuit 14. Johnson & Johnson 15. LinkedIn 16. Lyft 17. McAfee 18. Medtronic 19. Netflix 20. Oracle 21. Pandora 22. PayPal 23. Pinterest 24. Red Hat 25. Salesforce 26. ServiceNow 27. Slack Technologies 28. Spotify 29. Symantec 30. Tableau Software 31. Twitter 32. Workday
    B&B Hotels, Goldwind, Drake & Scull
    Australian Finance Group Ltd., Daelim Industrial Co. Ltd., TBS Group, Delaware Life Insurance, Shelf Drilling Ltd., Abu Dhabi Department of Finance, Fugro Norway AS, Drake & Scull International PJSC (DSI), Racepoint Global, Edgewater Technology Inc., King Abdulaziz City for Science and Technology, Communications Test Design Inc.
    Top Industries
    REVIEWERS
    Non Profit22%
    Non Tech Company11%
    Financial Services Firm11%
    Maritime Company11%
    VISITORS READING REVIEWS
    Computer Software Company15%
    Financial Services Firm9%
    Educational Organization7%
    Insurance Company7%
    REVIEWERS
    Construction Company22%
    Manufacturing Company22%
    Mining And Metals Company11%
    Computer Software Company11%
    VISITORS READING REVIEWS
    Computer Software Company13%
    Manufacturing Company11%
    Financial Services Firm11%
    Retailer5%
    REVIEWERS
    Energy/Utilities Company17%
    Retailer17%
    Manufacturing Company17%
    Insurance Company8%
    VISITORS READING REVIEWS
    Financial Services Firm12%
    Computer Software Company11%
    Energy/Utilities Company7%
    Healthcare Company7%
    Company Size
    REVIEWERS
    Small Business24%
    Midsize Enterprise29%
    Large Enterprise48%
    VISITORS READING REVIEWS
    Small Business24%
    Midsize Enterprise18%
    Large Enterprise58%
    REVIEWERS
    Small Business15%
    Midsize Enterprise15%
    Large Enterprise69%
    VISITORS READING REVIEWS
    Small Business22%
    Midsize Enterprise12%
    Large Enterprise66%
    REVIEWERS
    Small Business11%
    Midsize Enterprise22%
    Large Enterprise67%
    VISITORS READING REVIEWS
    Small Business20%
    Midsize Enterprise15%
    Large Enterprise66%
    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.
    765,234 professionals have used our research since 2012.