Oracle Hyperion Other Advice

DH
Manager, Hyperion Applications at a manufacturing company with 5,001-10,000 employees

For working with the mapping, the scripting, and the integration tool, it's good to have a consulting group that has done this before to work with you. 

The other side of it is that it is multidimensional. So, if your organization has never had this kind of environment or doesn't think along a multidimensional paradigm, then you should have a consulting group help you lay out what you're going to use the dimensions and the application for. Some are fixed. You have the months, the time periods, the years, and the currency, but there are also custom dimensions that you can use for various things. That affects how your data is produced and how you do your reporting.

I'd rate it a 10 out of 10. It is world-class software.

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MG
Hyperion Suite Manager at a construction company with 10,001+ employees

I would recommend this solution to others.

There are some enhancements that can be done, but it's fairly stable and it's easy to use.

I rate Oracle Hyperion an eight out of ten.

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GH
Director at ProfitFromERP

I rate Oracle Hyperion nine out of 10. 

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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.
Jorge Flores Hernandez - PeerSpot reviewer
Oracle Essbase Administrator at Penoles

We have hundreds of users of this solution in the company, and we have two environments. In terms of maintenance in our data center, we have three people in charge of the infrastructure and seven functional actors that deal with formulas or cubes. 

I would like to see features from Oracle Essbase 21c on Oracle Hyperion in the next release. Oracle Essbase 21c is web-based and helpful in managing all the cubes. However, my role is more admin-focused, so I can't speak about the technical maintenance on Oracle Essbase 21c.

I would rate this solution an eight out of ten.

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Mohammed Ghonaim - PeerSpot reviewer
Senior Oracle Application Consultants at Saudi Telecom Company

I rate the product an eight out of ten. Based on my experience and market surveys, it is the best choice. 

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GG
President/ CEO at Redhill Business Analytics

I would rate Oracle Hyperion a 9 out of 10. It's not perfect, but it's good. It's probably the best on the market.

My number-one advice is that you probably shouldn't do the on-premise. Go to where the future is—which is the cloud—unless there are very specific reasons because all the development and all the new features are coming out on the cloud first.

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Jerome Cobers - PeerSpot reviewer
Senior HFM Consultant at Inplenion

Do not underestimate the importance of testing in your project plan. The rule of time is to use the same amount of testing time that you would use on development. That is not always possible in the project plan because customers will come with a timeline and you have to squeeze where you can, and most of the time you actually sacrifice testing. So try and fight for more testing time, even if it extends the timeline. It is probably one of the top CPM products out there at the moment. I believe OneStream is making some headway. I think Oracle Hyperion has a challenge from OneStream at the moment, but Oracle Hyperion's still one of the top products out there. I would rate OracleHyperion a nine out of ten.

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TW
Director, Financial Systems at a retailer with 10,001+ employees

If you read their game plan, they're pushing everybody to the cloud. We're not on the cloud application yet. We're on an older version that's being retired.

I would rate it a nine out of ten.

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DEVINDRA SINGH CHAUHAN - PeerSpot reviewer
Data Engineering Manager (Big Data & Analytics) at NCR Corporation

We will continue using the solution for now but we will definitely implement a different solution in the future. 

I rate this solution a seven out of ten. 

I'm the subject matter expert of the finance team, so in finance, we have a vice president who is actually head of the finance dataset. He reports directly to the CEO and is a big fan of Hyperion. He uses it for planning and forecasting each month, with a team of 14 or 15 core members, all of whom use Hyperion.

We also have a sales team and they use the Hyperion datasets for product discounting, based on the previous months track record of customers, they give discounts to the customers.

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Gaetan COURTEL - PeerSpot reviewer
Finance Information System Project Manager at a transportation company with 10,001+ employees

I rate Oracle Hyperion an eight out of ten. We are satisfied with this solution and I would recommend Oracle to others. 

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TH
Senior Hyperion Consultant at a financial services firm with 10,001+ employees

I would rate this solution an eight out of ten. 

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GK
BI Analytics and Systems at a manufacturing company with 1,001-5,000 employees

At the start, we deployed Oracle Hyperion on-premises, then we moved it to the Cloud. It's now deployed 100% on cloud. We are using its latest version.

What I'd like to tell others thinking about implementing Oracle Hyperion is that it's a very sophisticated tool, if used correctly. We've gone through a few mergers and doing the mergers, e.g. people coming from other companies merging with our company, they had experience with other tools. Not every company has Oracle Hyperion, and there were people from the other companies who were skeptics in the beginning as they had never used Oracle Hyperion.

When those people started using Oracle Hyperion, with the solution being something that needs a little time to get used to, e.g. you need to have a good understanding of how the hierarchy and the dimensions, etc. work, specifically for somebody who had not used it, or somebody who wasn't a power user, after the initial learning stage and after using it for a month, those people changed their minds about Oracle Hyperion. They said it was a better solution compared to what they used before the merger.

I'm rating Oracle Hyperion a nine out of ten. It's not a perfect score because it's a complicated tool which requires users to have knowledge on databases.

I'm giving it a high score as it is great for reporting and slicing and dicing of data where you can do a lot of calculations, allocations, and all kinds of things which you can't do in an ERP or any other tool. It would depend on how you use Oracle Hyperion. If you're not using it as much, then you won't be able to compare it with other solutions that are out in the market.

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AN
Senior Hyperion Systems Architect at County of Loudoun Virginia

A lot of functional users or managers involved in buying Hyperion don't realize what they're buying and what it's capable of. So, requirement analysis is the key thing. Before you talk to an implementer, determine what it is that you need and what tools Hyperion has available.

There are different tools for different purposes -- planning, forecasting, financial analysis, etc. The tools in Essbase is a little different from the tools in Hyperion. Before Oracle acquired Hyperion in 2006, it wasn't so mature, but not with the acquisition, it's expanded a lot and it much bigger than it was 10 years ago. You now have different out-of-the-box functionalities for each tool that serves the purposes of your requirements.

The key thing is to analyze and see, do you need Essbase or do you need Planning? Within Planning, what is the specific tool? We are using Public Sector Planning and Budgeting, and within that tool we are using the Position Only Model, and in that tool we are using the Decision Package Enable Application, so that's a key thing.

You need to see what you need and go for the implementation. That's why the implementer partners are there.

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ML
Owner at GeoLM

I would rate the Hyperion Business Intelligence platform eight out of 10. However, I would not recommend this product to a new user. When we started with the Brio platform, which has passed several stages of ownership, this product was a  highly rated product. That's why Oracle acquired it. The global user base was huge and we were doing business with this product. 

But after Oracle bought this product and it was abandoned, in a manner of speaking. They do not support it. They do not update the product. Although my opinion as a long-time user is generally positive, I would not recommend this product to a new user. Nowadays, there are other products that are better supported and updated by companies that have either bought them or developed them.

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AltairRibeiro - PeerSpot reviewer
Oracle Hyperion Specialist at a financial services firm with 10,001+ employees

I rate Oracle Hyperion nine out of 10 because I very much like it. 

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GK
Head of Group Consolidation at ERG

I would rate this solution as eight out of ten. I would recommend it to new users. I know of many companies that want to use Hyperion in their accounting departments.

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RK
Assistant Production Manager at a manufacturing company with 10,001+ employees

I recommend that you pursue cloud initiatives. EPCS and PBCS are now migrating to the cloud.

I work for an Oracle company, and I have the highest rating for this Oracle Hyperion EPM.

I would rate Oracle Hyperion a ten out of ten.

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it_user486546 - PeerSpot reviewer
Manager, Systems Implementation at a hospitality company with 1,001-5,000 employees

It’s not going to be simple. If you are a small company, there probably is a better product out there. If you’re a huge company, it is probably going to be a fit for you. I would rate the product an 8 out of ten.

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it_user27945 - PeerSpot reviewer
Manager, Database and Security at a consumer goods company with 1,001-5,000 employees

It goes back to your reporting and what you want to get out of it. Hyperion seems to be a very good product and it seems to be pretty stable. It's something that you can give to your users to just use. It's pretty hands-off most of the time.

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BR
senior system integrator at a retailer with 10,001+ employees

I rate Oracle Hyperion five out of 10. The process of fixing bugs is very slow, and there's no transparency. When I tell Oracle about a bug, they acknowledge the request, but customers have no way of knowing about the progress they're making. Customers should get an update about this. 

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EF
FVP Business Unit Financial Officer - Commercial Banking at a financial services firm with 501-1,000 employees

I'm just an end-user going into Hyperion.

We've just upgraded to the cloud. I'm the one that's going in and importing all the data into Hyperion.

I'm not sure which version of the solution we're using.

There are many on the market that do the same thing. Oracle has name recognition going for it, however. Personally, I would look at another product I used to use, however, that's just my preference. Many, many years ago, in my last job, I actually had Oracle. We didn't have Hyperion though and everything was sun setting on that. It was my job to go out and go find a solution. We brought Oracle in and Hyperion was a suite of products within the Oracle umbrella. I was looking for a one-stop-shop type of product. If someone's looking for that, this might fit those needs.

I'd rate the solution at a seven out of ten. We're not fully utilizing the product. That said, from what I've seen, what I use, and what I can generate from the product, it's decent.

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AM
Manager Business System at a non-tech company with 1,001-5,000 employees

We are customers and end-users.

I'm not sure which version of the solution we're using. It's the latest version. About six months back, they upgraded to the latest version.

If any company would like to implement this product they should first have the internal resources with the skill sets ready to be developed for this product.

Overall, I would rate the solution at an eight out of ten. It does have some small flaws here and there. 

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BW
Lead of Business Intelligence at a energy/utilities company with 10,001+ employees

I do not have any specific advice for others who are considering implementing this tool. 

I rate Oracle Hyperion as a nine out of ten. 

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MK
Lead Consultant at a computer software company with 10,001+ employees

I rate Oracle Hyperion eight out of 10. My advice to prospective Hyperion users is to focus on your business requirements. You need to consider what your business is looking for and how you will perform the planning and budgeting process. You also need to think about your data, including what level of data you're storing, the size, the frequency, and the architecture. 

We still need to learn many things about the cloud part. Every APM is moving into the cloud now. There are other aspects, like integration services, ODA, etc. We are facing many challenges in development and support. We are all still learning the Oracle products, and they're coming out with new features annually. 

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RC
Principal EPM Consultant at a consultancy with 11-50 employees

My advice for anybody who is implementing this product is to first clarify what it is that they want to do. What they gain from the product as an EPM differs from vendor to vendor. Each of them has pros and cons. Before deciding on any product, one needs to decide what they value and what they are expecting.

I would rate this solution an eight out of ten.

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PC
Senior Technical Lead at a computer software company with 10,001+ employees

I would recommend this solution to others who are considering it. 

I would rate Oracle Hyperion a six out of ten.

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

Because Oracle products are development frameworks, your final results are as good as the people who implemented them. Make sure that your implementation team is the best it could be, at least for the first implementation. If something is implemented incorrectly at the start, it'll cost you a lot more to fix than to build a new system from scratch. Sometimes it can be so badly designed that it is impossible to fix.

I've been working on implementation for 19 years and I have seen bad implementations everywhere. In fact, I have seen the same tools implemented in the same team by two different people, with one being a success and the other a failure. In the same company, one department says that the tool does not work for them and another says that the tool is the best. The only difference was the implementer. Make sure you get a good team to implement it. The tool has its flaws, but most of time (99%) it is the implementer's fault that you have a bad or slow model.

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it_user486594 - PeerSpot reviewer
Datawarehouse Systems Analyst at a healthcare company with 1,001-5,000 employees

Based on the number of products available right now, I definitely think this is one of the good products. They might have issues in the current version, but hopefully those will get fixed soon. The simplified interface is coming up to level but we may still have gaps on the workspace with that simplified interface.

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AP
Career Break at a pharma/biotech company with 1-10 employees

I wouldn't suggest others use it since it is too complex to implement.

I rate the overall solution a six out of ten.

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SR
Senior Hyperion Consultant at a computer software company with 1,001-5,000 employees

As long as you are designing the product correctly in the current matter, it should work well. How you design the product should be the most important element of your implementation. The design of the applications is variable - some are well-designed, some are not. Overall, I would rate this solution as six out of ten.

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DL
Manager at a tech services company with 501-1,000 employees

We don't have a business relationship with Oracle. 

I'm not actually an end-user, however, I have been involved in providing the software and installing it and implementation projects and so on. I've got customers that are using these products and I've been involved with various aspects of these products.

The Oracle Hyperion products also differ slightly. The cloud products differ from on-premise products.

While our on-premise version is 11, we're also using the latest cloud. I'm not sure of that version as it's constantly getting updated.

The solution is at end-of-life and Oracle may only maintain the product until 2030 before moving everyone onto a new solution on the cloud. It's my understanding the new solution will be called Oracle Financial Consolidation and Close.

As the solution is to be discontinued, we'd most likely recommend another Oracle product. We'd likely recommend Oracle FCCS.

Overall, I'd rate the solution eight out of ten.

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

The product itself, right now, especially on the Hyperion planning side, is the industry leading software for what it does. Although it's buggy, I think that's as far as you can get on the enterprise solutions. This is way better than anything else out there.

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RK
Oracle Specialist at a government with 5,001-10,000 employees

As of now, the Oracle Hyperion product is out of support, so I would not recommend it to anyone. Anybody that has it will not be supported by Oracle.

For anybody who is still planning to implement this product, my advice is to consider their needs during the initial implementation phase. The one that we were using was designed to fit our needs and anybody who plans to use this product should identify what forms and screens they will need. That is configurable at the beginning.

I would rate this solution a seven out of ten.

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

Finding highly qualified technical consultants for this application is difficult. There are other products with a larger community available for support and development.

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RB
Director Enterprise Applications and eBusiness at a retailer with 5,001-10,000 employees

I would advise others to use a cloud solution if there is one available.

I rate Oracle Hyperion a seven out of ten,

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SM
Hyperion - Financial System Analyst at a venture capital & private equity firm with 10,001+ employees

If the group is large enough, then I would recommend going ahead with this solution. It's a very good tool for reporting and consolidation.

I would rate Oracle Hyperion an eight out of ten.

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

I would always recommend this solution.

It is very versatile, it is easy to use, easy to access, and easy to set up.

I am very satisfied with and keen on this solution.

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

I would not recommend implementing FDM as it is falling away and will not be supported in the near future.

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IP
Managing Consultant at ifb international AG

I have worked for more than seven years with Oracle EPM and Hyperion.

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

We don't know everything yet. We're happy with what we have. I think just have your requirements ready. Be as open as possible and open to new interfaces. It's a different view but it's very user friendly.

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

I would definitely recommend Hyperion especially if they're doing it for their budgeting and forecasting tool. It's so easy compared to Excel or something similar. It's manual versus automated, and who doesn't like automated? I had times when I had to actually run the process myself at 12:00 at night, but now it's all automated.

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

I would rate the product a nine out of ten. For what they're designed for, the tools are very useful.

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

If you get the product, attend boot camp training and then start getting hands on. I would rate it a 7 out of 10.

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

Focus on functionality and on your business. Make sure you understand what the business wants to do. No company uses more than fifty or sixty percent of the functionality of an application, so don’t get caught up on every single bell and whistle and try to implement all the features. Just implement the parts of the product that are specific to your needs. I would rate the product a solid eight out of ten.

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it_user208800 - PeerSpot reviewer
Senior Consultant with 51-200 employees

Take a good look before stepping into it.

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

Architect design considering solution scalability is essential for a successful implementation.

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it_user486564 - PeerSpot reviewer
Financial Systems Analyst at a retailer with 1,001-5,000 employees

A big benefit for most of our users is that you can use it in Excel with a Smart View API. It does require a little bit of training when you first start using it though. I would rate it an eight out of ten.

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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.