Oracle Hyperion Review

They're quick to add enhancements and adapt the tool to business requirements

What is our primary use case?

Centralization of the budgeting process. Our company was using Excel spreadsheets to capture all the managers' spreadsheets. They kept being changed by the managers and were never actually frozen in time. Very hard for top management to freeze the budgets.

How has it helped my organization?

Reduced budgeting process from six to eight months, to three months. Locking the budget process for the managers permitted us to control the data. No one was doubtful about which versions of the budgets they were working on.

What is most valuable?

  • Flexibility
  • Quick to add enhancements and adapt the tool to business requirements
  • Little involvement from the IT department

Everyone was looking at the same numbers. As data was entered during the budget process from lower management, upper management had the live consolidated budgets.

What needs improvement?

The learning curve is pretty steep. For people coming from a relational or star database background, users configuring Essbase need to learn a new way of manipulating the data.

For how long have I used the solution?

Three to five years.

**Disclosure: I am a real user, and this review is based on my own experience and opinions.
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