Oracle HFM Review

The data consolidation engine is outstanding but the user interface for data entry is primitive.


Valuable Features

The data consolidation engine is outstanding in terms of speed and functionality. The ability to code the rules used for consolidation and calculation, makes the software fit both simple and very complex consolidation structures.

Improvements to My Organization

We are able to do on-demand consolidations of our full dataset – both financial and non-financial – across more than 250 subsidiaries with different ownership structures. To run a consolidation of our full dataset takes approximately 45 seconds.

Room for Improvement

The user interface for data entry (forms) is very primitive – and lacks common Windows functionality such as copy/paste functions. We hardly use forms anymore due to end-user convenience, and have automated dataloads through system-to-system interfaces as well as data entry through Hyperion SmartView addin in MS Excel.

Use of Solution

Four years

Scalability Issues

The software is designed for very large organizations –it doesn’t really give meaning unless you are consolidating more than 100 subsidiaries.

Customer Service and Technical Support

Customer Service:

We have had many tickets running with support at Oracle on the system – sometimes we have been missing a more proactive approach, but in general as expected.

Technical Support:

We have had many tickets running with support at Oracle on the system – sometimes we have been missing a more proactive approach, but in general as expected.

Other Advice

The key to success with HFM is well coded rules – I have met many analysts working with HFM and finding the software slow and painful, which is caused by the rules not being written correctly.

Disclosure: I am a real user, and this review is based on my own experience and opinions.
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1 Comment
Lead Consultant at a tech services company with 10,001+ employeesConsultant

Good one

09 April 15
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