Oracle Hyperion Benefits

Jorge Flores Hernandez - PeerSpot reviewer
Oracle Essbase Administrator at Penoles

Oracle Hyperion helped make things work faster in our company.

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Jerome Cobers - PeerSpot reviewer
Senior HFM Consultant at Inplenion

We are very happy with the product and we are beginning to move into OneStream as well.

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AN
Senior Hyperion Systems Architect at County of Loudoun Virginia

It secures our sensitive data because it's security-enabled and is reliable with it's back-ups, migrations and restoration methodology. We can do LCM exports and import into target servers and applications. You can back up everything. Security tool is also integrated into the application. I'm happy with the security, how it is handled, and how users can integrate with their Active Directory. You don't have to go out of directory to get user names and passwords.

We're evolving with Hyperion as we move along in our yearly cycles. We have come to the point where the end-users are trained well on it. We don't have to go back and forth with emails, sending Excel files, anymore. We used to have big Excel files that you might not even be able to send through emails. Sometimes you have to put them in some common shared drive and then other users have to get it and then approve it and then send it back. That was not only insecure but it was also a hassle.

With Hyperion, all the design is done in one database, which is the central repository for all users. We have around 30 departments and they have different cost centers, and 150+ users are using the application. They're all managed by a team of around 10 budget analysts in our budget department, so the big advantage is it's all in one central repository for them. We have security-enabled for all the cost centers, and departments can log into it and they only see what they're supposed to see based on their access and based on what department they belong to.

With a big entity like government sectors, we have around 3700 employees. Like I said, we have a lot of users for this application and Hyperion has made it easier to access the data, process it, and perform data integration. Data consolidation is easier and running the reports is very easy. Hyperion has some good built-in reports and we are building our budget book from it, which is a big achievement for us.

We used to build a budget book, which is this thick book you have to print, and so putting it together was a huge challenge because you have to combine all the Excel reports with all the word narratives, format it, and then publish it for the public. Now, it's all being done using Hyperion. We're entering data into Hyperion and then pulling the reports out of there and combining the smart view add-on in Excel. Users can connect to the databases in Hyperion and then using Excel, they can pull the grids/reports, build the budget book, and then publish it.

It's easy, robust, reliable, more secure, and has built-in calculations which avoids human errors.

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Buyer's Guide
Oracle Hyperion
April 2024
Learn what your peers think about Oracle Hyperion. Get advice and tips from experienced pros sharing their opinions. Updated: April 2024.
768,740 professionals have used our research since 2012.
it_user27945 - PeerSpot reviewer
Manager, Database and Security at a consumer goods company with 1,001-5,000 employees

The biggest business benefit is allowing P&L reporting to happen when needed. It helps us drive financial results to where it needs to be.

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RG
EPM/BI certified Consultant, Oracle ACE and TeraCorp Consulting CEO at TeraCorp Consulting

It provides faster and more assertive forecast cycles. It enables businesses to improve their process since with this tool you can do things easier and quicker as the business can create more complex models than were possible before.

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it_user436188 - PeerSpot reviewer
Sr. Technology Engineer at a renewables & environment company with 1,001-5,000 employees

It empowers users to perform ad hoc analyses themselves rather than having to go to IT or somewhere else. That makes it much more efficient for our users to do their jobs because they have access to data analysis in front of them instead of having to find that information elsewhere.

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it_user202521 - PeerSpot reviewer
Manager of Business Intel at a manufacturing company with 1,001-5,000 employees

The partitioning option between databases allows for users to enter data one time, versus copying data lots of times from one cube to another. This has saved hours of maintenance and eliminates data integrity issues between the cubes.

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it_user694662 - PeerSpot reviewer
Team Lead at a tech services company with 10,001+ employees

We showed a lot of demos of these solutions, and a lot of clients that we demonstrated to are very much impressed. It has increased our clientele, so we have a lot more of clients in my company for this application.

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it_user448791 - PeerSpot reviewer
Managing Director at a tech consulting company with 51-200 employees

I work in a consulting role but I believe that by implementing it a lot of organizations’ manual processes have been automated.

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MC
Senior Consultant at Coçyl Services Conseils

Reduced budgeting process from six to eight months, to three months. Locking the budget process for the managers permitted us to control the data. No one was doubtful about which versions of the budgets they were working on.

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IP
Managing Consultant at ifb international AG

We provide customized solutions for finance offices in any industry.

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it_user436227 - PeerSpot reviewer
Sr. Financial Analyst at a healthcare company with 501-1,000 employees

I think that having it within Microsoft products as an add in makes it accessible around the clock. Someone could be working from home, log in, jump in see what their numbers are, see what their financials are, so it's a very good tool.

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it_user436062 - PeerSpot reviewer
Sr. Consultant at a insurance company with 1,001-5,000 employees

We used to rely on Excel before we implemented Hyperion, and we don't have to do that anymore and rely on those spreadsheets. The tool does all our budgeting and forecasting without much manual work. It's now all automated, saving us both time and from many human errors.

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it_user341055 - PeerSpot reviewer
Assistant Consultant at a tech services company with 10,001+ employees

In the most simplest way, the product allows the availability of data to be predefined as well as customized based on user inputs and requirements. While in the past, this was more complex leading to data integrity issues, it is now far more controlled in the new environment.

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it_user486534 - PeerSpot reviewer
Data Governance And Master Data Management Delivery at a tech services company with 51-200 employees

In finance, if you have a central repository feeding all of your downstream systems of the metadata that you use, you reduce the number of account reconciliations and report reconciliations that you have to do. It also gives you data quality.

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it_user486561 - PeerSpot reviewer
Senior Hyperion Analyst at a tech services company with 10,001+ employees

We can do budgeting on time and provide an accurate forecast. You can also have budget, actual, and plan within the same report.

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it_user486567 - PeerSpot reviewer
Hyperion Subject Matter Expert at a tech services company with 501-1,000 employees

I think they are going to have a better, faster, cheaper close process and BI. From a reporting standpoint, it won’t be pure BI.

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it_user208800 - PeerSpot reviewer
Senior Consultant with 51-200 employees

It has reduced the amount of paperwork as multiple people can work on a single form, centralize formula creation window (only one person/team is responsible for creating it), It is also possible to maintain history for X number of years, and compare budgets from previous years through just one form and the process of workflow management.

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it_user205302 - PeerSpot reviewer
Oracle EPM Solution Architect at a tech services company with 51-200 employees

This product has been helping the organization to implement complex budgeting models.

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Buyer's Guide
Oracle Hyperion
April 2024
Learn what your peers think about Oracle Hyperion. Get advice and tips from experienced pros sharing their opinions. Updated: April 2024.
768,740 professionals have used our research since 2012.