Oracle Hyperion vs Planful comparison

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3,380 views|2,217 comparisons
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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).
765,234 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 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.""The stability is fine and quite user friendly.""Scalability isn't a problem for Hyperion.""It's very easy to use and the functionality is quite complete.""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.""We have found there is excellent stability with Oracle Hyperion.""The accuracy of data gathering and consolidation is very good.""Oracle Hyperion is an engine allowing you to build whatever you want on it."

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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
"This solution's stability is a little problematic.""Oracle Hyperion generally it's quite a complex architecture that is hard to maintain.""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.""Configuration is a little complex, it's not very easy. The solution is integrated with Essbase and there are not many users of the Essbase database. If they can provide different modules for each subject area, like supply chain, for inventory forecasting or for order management forecasting, it would make each subject area easier to manage.""The level of complexity of the implementation is always a challenge.""Oracle Hyperion's scalability could be improved.""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.""The user interface is in need of improvement. The forms should be more user-friendly."

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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
    3,380
    Comparisons
    2,217
    Reviews
    9
    Average Words per Review
    630
    Rating
    8.0
    Views
    868
    Comparisons
    498
    Reviews
    0
    Average Words per Review
    0
    Rating
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    Comparisons
    Anaplan logo
    Compared 58% of the time.
    Adaptive Insights logo
    Compared 11% of the time.
    Vena logo
    Compared 10% of the time.
    Board logo
    Compared 6% 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 Company16%
    Retailer16%
    Financial Services Firm13%
    Computer Software Company9%
    VISITORS READING REVIEWS
    Computer Software Company12%
    Manufacturing Company11%
    Financial Services Firm11%
    Retailer6%
    VISITORS READING REVIEWS
    Computer Software Company16%
    Manufacturing Company11%
    Healthcare Company11%
    Financial Services Firm8%
    Company Size
    REVIEWERS
    Small Business27%
    Midsize Enterprise10%
    Large Enterprise63%
    VISITORS READING REVIEWS
    Small Business20%
    Midsize Enterprise12%
    Large Enterprise68%
    VISITORS READING REVIEWS
    Small Business38%
    Midsize Enterprise16%
    Large Enterprise47%
    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.
    765,234 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.