Oracle Hyperion vs Planful comparison

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3,345 views|2,180 comparisons
86% willing to recommend
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870 views|496 comparisons
100% willing to recommend
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Executive Summary

We performed a comparison between Oracle Hyperion and Planful 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).
768,740 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
"The most valuable features are those associated with modules and SP, IT in this space, planning, HFM, and PME.""It's a very good program and it's useful for consolidation.""We like the reporting and tracking of financials.""The accuracy of data gathering and consolidation is very good.""Scalability isn't a problem for Hyperion.""This product is very scalable and provides high ROI.""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.""The implementation has been simplified now that it's deployed in the cloud. Also, Hyperion is tightly integrated with Oracle products because Oracle owns it now."

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"It has helped us speed up the turnaround time on our consolidation. We don't have to do reporting in Excel anymore, which has cut down on the errors and the efficiency of our close time."

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Cons
"The analytics could be improved.""What I like is to have everything on one platform and not in different modules like Oracle Hyperion.""Oracle EPM Cloud solutions have simplified the security model. Nevertheless, it would be better having a more differentiated security model.""Sometimes Oracle Hyperion is slow when there are a lot of users using it. However, we can have up to approximately 300 users using it.""I found the initial setup to be complex.""Their documentation could be a little bit more descriptive at places. They don't really do a lot of How-Tos because that gets pushed through to the consulting groups. There have been some books. There is a real good one out there about how to look smarter than you are with Hyperion Planning that some people at a company called ArganoInterRel wrote. Those things do exist, but that's not in their documentation. It's basically like they'll say, "This is the field. This is what it's used for," but they don't tell you how to particularly use it in your case environment.""I would love more comment capabilities so that you could put in little notes, cheat notes.""Oracle Hyperion's scalability could be improved."

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"The part that we liked about Excel is that it had a better interface in terms of just graphical illustration of our results. So, if we wanted to look at our financial trends and put it into some type of graphical interface for people to look at, we still have to leverage Excel for that. The dashboards aren't as usable as maybe some of the other solutions, such as Tableau or other BI tools."

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Pricing and Cost Advice
  • "As Oracle's pricing is on the higher end, most businesses prefer to have their own private cloud."
  • "Compared with MSBA, it is quite reasonable."
  • "To get a full license, which gives you access to most of the different Hyperion programs, it costs $2000 to $2500 a month."
  • "We pay for licensing yearly."
  • "Oracle Hyperion is not an inexpensive solution."
  • "The licenses cost approximately $1,000."
  • "The solution is affordable."
  • "Oracle Hyperion's licensing structures are quite expensive for some companies, especially medium-sized companies because of the user-based license."
  • More Oracle Hyperion Pricing and Cost Advice →

  • "Right now, everything is on a three-year term contract, and that is our main cost."
  • More Planful Pricing and Cost Advice →

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    Questions from the Community
    Top Answer:The tool is very scalable and powerful. It helps us with financial reporting and performance reporting. It is a very good tool for consolidation and budgeting. We are dependent on it for reporting.
    Top Answer:Integrating Oracle Hyperion, a multidimensional database, with relational databases poses challenges due to the differing database structures.
    Top Answer:We use the solution for partition planning, HCM, and financial reporting.
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    Ranking
    Views
    3,345
    Comparisons
    2,180
    Reviews
    9
    Average Words per Review
    630
    Rating
    8.0
    Views
    870
    Comparisons
    496
    Reviews
    0
    Average Words per Review
    0
    Rating
    N/A
    Comparisons
    Anaplan logo
    Compared 58% of the time.
    Adaptive Insights logo
    Compared 10% of the time.
    Vena logo
    Compared 9% of the time.
    Board logo
    Compared 7% of the time.
    Prophix logo
    Compared 6% of the time.
    Also Known As
    Hyperion
    Host Analytics
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    Overview
    Oracle Business Analytics Suite.

    You need a financial planning solution that meets the structured demands of standardized financial planning and reporting requirements and regulations. Structured Planning with Planful automates labor-intensive planning activities in a complete cloud-based platform – giving your finance team control, consistency, and confidence in corporate financial plans.

    Sample Customers
    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.
    Tandem Diabetes Care, Reed Exhibitions, SkyGolf, Zep Inc., Thule, Stylesight, Schumacher Group, Parsons Electric, Nextag, Groupon
    Top Industries
    REVIEWERS
    Manufacturing Company18%
    Retailer15%
    Financial Services Firm12%
    Computer Software Company9%
    VISITORS READING REVIEWS
    Computer Software Company12%
    Manufacturing Company12%
    Financial Services Firm11%
    Retailer6%
    VISITORS READING REVIEWS
    Computer Software Company15%
    Manufacturing Company11%
    Healthcare Company11%
    Financial Services Firm8%
    Company Size
    REVIEWERS
    Small Business28%
    Midsize Enterprise9%
    Large Enterprise62%
    VISITORS READING REVIEWS
    Small Business20%
    Midsize Enterprise12%
    Large Enterprise68%
    VISITORS READING REVIEWS
    Small Business38%
    Midsize Enterprise16%
    Large Enterprise46%
    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.
    768,740 professionals have used our research since 2012.

    Oracle Hyperion is ranked 2nd in Business Performance Management with 49 reviews while Planful is ranked 16th in Business Performance Management. Oracle Hyperion is rated 8.0, while Planful is rated 8.0. The top reviewer of Oracle Hyperion writes "A world-class solution that provides a lot of functionality out of the box and also allows you to customize it to meet your needs". On the other hand, the top reviewer of Planful writes "It has helped us speed up the turnaround time on our consolidation, and we haven't had anything come up that the program has not been able to solve". Oracle Hyperion is most compared with Tableau, Anaplan, IBM Cognos, Oracle HFM and IBM Planning Analytics, whereas Planful is most compared with Anaplan, Adaptive Insights, Vena, Board and Prophix.

    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.