We performed a comparison between Oracle HFM and Workiva Wdesk 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."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."
"Financial consolidation and reporting tool with good built-in features such as currency exchange and elimination."
"It is a very user-friendly software."
"The most valuable feature is the flexibility and ease of configuration in terms of testing and formula creation."
"Stability-wise, I rate the solution a ten out of ten."
"The tool is stable."
"Workiva Wdesk is pretty good in terms of getting the data from the system, automating the reporting schedules...It has a very good integration with ERP tools."
"It makes the compliance process more efficient and more effective."
"The collaboration within the platform is valuable."
"Workiva Wdesk has a flow diagram that is standardized, making it easy for people to file documents on ECDAs, which are in HTML format."
"It helps you to maintain a backup of your data, including the connectivity with the tables, which provides a user-friendly way to handle and access your files."
"The most valuable feature is its ability to easily upload and update financial results, creating a dynamic data sheet."
"If there could be data integration between HFM and the accounting software that would be ideal."
"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."
"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."
"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."
"Regarding the solution, reporting has certain areas that can be considered for improvement."
"The most critical issue is the need to shift between uppercase and lowercase."
"The speed must be improved."
"At this point, I don't see a compelling reason to invest in Workiva. It may be necessary for compliance and controlling the version of SCC, but not everyone needs its high-end capabilities."
"With this product, it's more about the integrated data model where you can have a one-to-many/many-to-one relationship between your policies and processes, risks, and controls. They need to showcase how you can put those pieces together."
"One area where Workiva Wdesk could improve is by ensuring that its cloud-based system is fully compatible with the most current versions of PowerPoint and Excel."
Oracle HFM is ranked 7th in Business Performance Management with 14 reviews while Workiva Wdesk is ranked 12th in Business Performance Management with 6 reviews. Oracle HFM is rated 8.0, while Workiva Wdesk is rated 7.0. The top reviewer of Oracle HFM writes "Offers flexibility and ease of configuration". On the other hand, the top reviewer of Workiva Wdesk writes "A user-friendly tool useful for data consolidation and automating the reporting schedules". Oracle HFM is most compared with Oracle Planning and Budgeting Cloud, Oracle Hyperion, OneStream XF, CCH Tagetik and SAP Digital Boardroom, whereas Workiva Wdesk is most compared with AuditBoard, Oracle Hyperion, RSA Archer, OneTrust GRC and IRIS CARBON. See our Oracle HFM vs. Workiva Wdesk report.
See our list of best Business Performance Management vendors.
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