Oracle HFM Reviews

4.3 out of 5 stars
 (3)
Anonymous avatar x80
Real User
Manager, Corporate Accounting at a construction company with 1,001-5,000 employees
Jul 27 2016

What is most valuable?

We picked HFM for its consolidation tools. You can do translations and multi-currency, and it handles the complicated legal structure well.

How has it helped my organization?

It has really increased efficiency. Our old system was Excel-based, and HFM has reduced our process closing timelines. HFM’s process management means that once the data is loaded, we can broadcast our statistics to the whole world, then have... more»

What needs improvement?

The financial reporting tool hasn’t improved much since it was first implemented, and we are struggling with it. Financial reporting is not user friendly, and compared to Excel, there are a lot of features that it lacks. It’s hard for us to... more»
Anonymous avatar x80
Consultant
Senior Business Consultant at a consultancy with 1,001-5,000 employees
Jul 27 2016

What do you think of Oracle HFM?

Valuable Features The versatile data is probably the most valuable feature, since you can access it through the web interface or through Microsoft Office based solutions like Excel, Excel Smart View, PowerPoint and Word. You can tailor it to your needs as well. The language is great. The way that it’s scripted is not very complex so you can easily reuse the code. • Room for Improvement Moving forward with some mobile applications would be an improvement. • Use of Solution I have been using the product for seven years. I’ve spent four years as an administrator and three years as a consultant. • Stability Issues There have been some stable cases, but not all of them are. • Scalability Issues It's highly scalable for any size company. It's stipulated a virtual server,...
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Anonymous avatar x80
Consultant
Consultant at a tech services company
Nov 21 2016

What is most valuable?

One of the HFM features that isn't talked about much that is really useful to accountants is the equity pickup module. Equity pickup is an accounting process where legal entities within a company own all or portions of each other and need to pull their percentage of net income into the investment of the subsidiary. Ultimately, as data is consolidated to total... more»

What needs improvement?

The module is not very appealing to technical users (not a lot of code, simple screen, etc.) but the process is a huge lifesaver for the accountants in the organization.

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What is Oracle HFM?

Oracle Hyperion Financial Management is a financial consolidation and reporting application built with advanced Web technology. It provides financial managers the ability to rapidly consolidate and report financial results, meet global regulatory requirements, reduce the cost of compliance and deliver confidence in the numbers.
Also known as
HFM
Oracle HFM customers
B&B Hotels, Goldwind, Drake & Scull
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