We performed a comparison between Oracle HFM and Oracle Hyperion 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."Financial consolidation and reporting tool with good built-in features such as currency exchange and elimination."
"The tool is stable."
"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."
"The most valuable features are around consolidations, eliminations, conversions."
"You can bring in data from any source and from multiple sources, and you can consolidate that data in HFM."
"Stability-wise, I rate the solution a ten out of ten."
"The roll-up potential of the product is very good, meaning we have detailed information and we want it to be summarized, based on geography, based on different product lines, or based on different charts of accounts in the general ledger. It rolls up the information in a very concise way. This makes it easy to understand the overall performance, for it's forecasting aspects, or quarterly reporting, year to year, or month to month reporting."
"This is a customizable product. Our implementation was designed to fit our needs."
"Oracle Hyperion has helped make things work faster in our company."
"It's very easy to use and the functionality is quite complete."
"The scalability is good."
"Oracle has an integrated solution for Enterprise Performance Management (EPM) and Hyperion. It keeps the two platforms opened up to each other."
"Hyperion is helpful for all our budget processes."
"It's a very good program and it's useful for consolidation."
"If there could be data integration between HFM and the accounting software that would be ideal."
"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."
"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 intercompany reporting function in this tool needs improvement, particularly being able to run reports in batches, rather than one at a time."
"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."
"We are still having some issues with the ASO Cube. It can take a long time to clear the data in the ASO Cube compared to BSO data-clearing operations. We don't have a specific calculation in the ASO, and we only have these aggregate options on the ASO side. If we need calculations, we have to calculate them in the BSO and pass the data to the ASO Cube for the reporting. That's one of the drawbacks. Oracle could also improve on the data logging side as well."
"Hyperion has much room for improvement, especially disaster recovery. You don't have the option to choose the proper disaster recovery method. We have Hyperion and an SQL server on the backend. We have active solutions for the backend database server, which aren't working for our people. They've asked us to remove the high availability to increase application performance."
"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."
"This solution's stability is a little problematic."
"The solution is about to cease to exist, so it doesn't really matter if they add anything to it. It's at end-of-life."
"I would like to see more integrations with third-party vendors such as BigSense and SAP. I'm looking forward to seeing more interface-related content."
"Oracle Hyperion generally it's quite a complex architecture that is hard to maintain."
Oracle HFM is ranked 7th in Business Performance Management with 14 reviews while Oracle Hyperion is ranked 2nd in Business Performance Management with 49 reviews. Oracle HFM is rated 8.0, while Oracle Hyperion is rated 8.0. The top reviewer of Oracle HFM writes "Offers flexibility and ease of configuration". On the other hand, 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". Oracle HFM is most compared with Oracle Planning and Budgeting Cloud, OneStream XF, CCH Tagetik, Microsoft Power BI and Anaplan, whereas Oracle Hyperion is most compared with Tableau, Anaplan, IBM Cognos, IBM Planning Analytics and Oracle Planning and Budgeting Cloud. See our Oracle HFM vs. Oracle Hyperion report.
See our list of best Business Performance Management vendors.
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