CCH Tagetik vs Oracle HFM comparison

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1,011 views|846 comparisons
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2,125 views|1,472 comparisons
Comparison Buyer's Guide
Executive Summary

We performed a comparison between CCH Tagetik and Oracle HFM 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 HFM Report (Updated: March 2024).
765,234 professionals have used our research since 2012.
Featured Review
Julia Lupidii
AhmedHaridy
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'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.""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."

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

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Cons
"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.""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."

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"The intercompany reporting function in this tool needs improvement, particularly being able to run reports in batches, rather than one at a time.""If there could be data integration between HFM and the accounting software that would be ideal.""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.""Integration is an area where it lacks and can be improved.""In terms of improvement, one challenge with Oracle HFM is the need for technical knowledge in writing SQL syntax for custom extensions.""It's a difficult process to try to edit, configure, or change the business rules that exist and work within HFM.""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."

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Pricing and Cost Advice
  • "The solution's pricing is affordable."
  • "The solution is quite expensive."
  • More CCH Tagetik 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 →

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    765,234 professionals have used our research since 2012.
    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: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 custom extensions. Also, the transition from on-premises to the cloud can be… more »
    Ranking
    Views
    1,011
    Comparisons
    846
    Reviews
    3
    Average Words per Review
    362
    Rating
    7.0
    Views
    2,125
    Comparisons
    1,472
    Reviews
    4
    Average Words per Review
    431
    Rating
    8.0
    Comparisons
    Also Known As
    Tagetik
    HFM
    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 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.
    Sample Customers
    Daimler, Randstad, Rabobank, Metro Group
    B&B Hotels, Goldwind, Drake & Scull
    Top Industries
    VISITORS READING REVIEWS
    Financial Services Firm13%
    Manufacturing Company13%
    Computer Software Company12%
    Retailer9%
    REVIEWERS
    Construction Company22%
    Manufacturing Company22%
    Financial Services Firm11%
    Non Tech Company11%
    VISITORS READING REVIEWS
    Computer Software Company13%
    Manufacturing Company11%
    Financial Services Firm11%
    Retailer5%
    Company Size
    REVIEWERS
    Small Business57%
    Large Enterprise43%
    VISITORS READING REVIEWS
    Small Business21%
    Midsize Enterprise9%
    Large Enterprise70%
    REVIEWERS
    Small Business15%
    Midsize Enterprise15%
    Large Enterprise69%
    VISITORS READING REVIEWS
    Small Business22%
    Midsize Enterprise12%
    Large Enterprise66%
    Buyer's Guide
    CCH Tagetik vs. Oracle HFM
    March 2024
    Find out what your peers are saying about CCH Tagetik vs. Oracle HFM and other solutions. Updated: March 2024.
    765,234 professionals have used our research since 2012.

    CCH Tagetik is ranked 13th in Business Performance Management with 6 reviews while Oracle HFM is ranked 7th in Business Performance Management with 14 reviews. CCH Tagetik is rated 7.6, while Oracle HFM 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 HFM writes "Offers flexibility and ease of configuration". CCH Tagetik is most compared with SAP Business Planning and Consolidation, Oracle Hyperion, Anaplan, IBM Cognos and Board, whereas Oracle HFM is most compared with Oracle Planning and Budgeting Cloud, Oracle Hyperion, OneStream XF, Microsoft Power BI and Anaplan. See our CCH Tagetik vs. Oracle HFM 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.