We performed a comparison between Oracle Hyperion 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."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."
"Oracle Hyperion has helped make things work faster in our company."
"It's a very good program and it's useful for consolidation."
"The most valuable features are those associated with modules and SP, IT in this space, planning, HFM, and PME."
"Hyperion is helpful for all our budget processes."
"This solution provides a more structured methodology for doing analysis than a tool like Excel. It creates a central database that keeps all information in one place."
"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."
"Since it is an enterprise-capable solution, people are not worried about security, giving data, the ability to manage complex consolidation, and its ability to modify reporting."
"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."
"The most valuable feature is its ability to easily upload and update financial results, creating a dynamic data sheet."
"It makes the compliance process more efficient and more effective."
"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 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."
"All the planning systems out there are great. It doesn't matter which company you use. They're all great. I've seen demonstrations on a number of them, but it all boils down to the culture within the organization itself to use that functionality, understand it, and help drive it. I've had Oracle salespeople do demonstrations, and it looked really good. We get it on board, and everybody still sticks to their Excel spreadsheets because companies are a lot more complex than what you could deliver on the planning system. So, there should be more education on the capabilities, and there should be more understanding of organizations in terms of the way they access the data in order to plan."
"What I like is to have everything on one platform and not in different modules like Oracle Hyperion."
"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."
"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."
"I have a problem with Hyperion when I need to log some changes in the budget. It's hard to know who made which changes in the budget."
"The forecasting of values could be simplified in this solution."
"There can be an improvement in many regards with the dimensions, the metadata, the interfaces, as well as the integration."
"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."
"The speed must be improved."
"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."
"Regarding the solution, reporting has certain areas that can be considered for improvement."
"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."
"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."
"The most critical issue is the need to shift between uppercase and lowercase."
Oracle Hyperion is ranked 2nd in Business Performance Management with 49 reviews while Workiva Wdesk is ranked 12th in Business Performance Management with 6 reviews. Oracle Hyperion is rated 8.0, while Workiva Wdesk is rated 7.0. 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 Workiva Wdesk writes "A user-friendly tool useful for data consolidation and automating the reporting schedules". Oracle Hyperion is most compared with Tableau, Anaplan, IBM Cognos, Oracle HFM and CCH Tagetik, whereas Workiva Wdesk is most compared with AuditBoard, RSA Archer, OneTrust GRC, LucaNet and ACL Analytics. See our Oracle Hyperion vs. Workiva Wdesk report.
See our list of best Business Performance Management vendors.
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