What users are saying about
3 Ratings
193 Ratings
3 Ratings
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Score 7.7 out of 100
193 Ratings
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Score 7.9 out of 100

Likelihood to Recommend

Axiom EPM

Axiom is ideal for organizations with multiple departments that need to collect, share, and integrate data from common internal data sources. The product is best for very large organizations with a lot of financial backing. I wouldn't suggest using Axiom if you're a small organization or only one department, for example.
Anonymous | TrustRadius Reviewer

Oracle Hyperion

Well suited: For use in multiple offices around the world. I was able to obtain financial reporting data from 5 foreign offices and then consolidate their data with 3 domestic USA offices to prepare a consolidated financial statement.Less Appropriate: Translating the financial value for consulting services could be a bit challenging because that required human interaction and judgement. It would have been great to be able to set up some software to be able to interpret this and let it run for all future project work revenue projection.
Anonymous | TrustRadius Reviewer

Feature Rating Comparison

Budgeting, Planning, and Forecasting

Axiom EPM
8.5
Oracle Hyperion
8.2
Long-term financial planning
Axiom EPM
9.0
Oracle Hyperion
8.4
Financial budgeting
Axiom EPM
9.0
Oracle Hyperion
8.4
Forecasting
Axiom EPM
8.0
Oracle Hyperion
8.2
Scenario modeling
Axiom EPM
8.0
Oracle Hyperion
7.5
Management reporting
Axiom EPM
Oracle Hyperion
8.4

Consolidation and Close

Axiom EPM
9.7
Oracle Hyperion
7.8
Financial data consolidation
Axiom EPM
10.0
Oracle Hyperion
8.3
Local and consolidated reporting
Axiom EPM
9.0
Oracle Hyperion
7.8
Detailed Audit Trails
Axiom EPM
10.0
Oracle Hyperion
7.5
Journal entries and reports
Axiom EPM
Oracle Hyperion
7.8
Multi-currency management
Axiom EPM
Oracle Hyperion
8.1
Intercompany Eliminations
Axiom EPM
Oracle Hyperion
7.8
Minority Ownership
Axiom EPM
Oracle Hyperion
7.5

Financial Reporting and Compliance

Axiom EPM
8.3
Oracle Hyperion
8.2
Financial Statement Reporting
Axiom EPM
8.0
Oracle Hyperion
8.4
Management Reporting
Axiom EPM
8.0
Oracle Hyperion
8.2
Excel-based Reporting
Axiom EPM
9.0
Oracle Hyperion
8.8
Automated board and financial reporting
Axiom EPM
8.0
Oracle Hyperion
7.8
XBRL support for regulatory filing
Axiom EPM
Oracle Hyperion
7.7

Analytics

Axiom EPM
8.7
Oracle Hyperion
7.6
Personalized dashboards
Axiom EPM
9.0
Oracle Hyperion
8.1
Cost and profitability analysis
Axiom EPM
8.0
Oracle Hyperion
7.8
Benchmarking with external data
Axiom EPM
9.0
Oracle Hyperion
7.4
Color-coded scorecards
Axiom EPM
Oracle Hyperion
7.5
KPIs
Axiom EPM
Oracle Hyperion
7.6
Key Performance Indicator setting
Axiom EPM
Oracle Hyperion
7.3

Integration

Axiom EPM
9.0
Oracle Hyperion
8.0
Flat file integration
Axiom EPM
9.0
Oracle Hyperion
8.2
Excel data integration
Axiom EPM
9.0
Oracle Hyperion
8.4
Direct links to 3rd-party data sources
Axiom EPM
9.0
Oracle Hyperion
7.3

BI Standard Reporting

Axiom EPM
Oracle Hyperion
7.6
Pixel Perfect reports
Axiom EPM
Oracle Hyperion
7.4
Customizable dashboards
Axiom EPM
Oracle Hyperion
7.3
Report Formatting Templates
Axiom EPM
Oracle Hyperion
7.9

Ad-hoc Reporting

Axiom EPM
Oracle Hyperion
7.8
Drill-down analysis
Axiom EPM
Oracle Hyperion
8.3
Formatting capabilities
Axiom EPM
Oracle Hyperion
7.8
Integration with R or other statistical packages
Axiom EPM
Oracle Hyperion
7.6
Report sharing and collaboration
Axiom EPM
Oracle Hyperion
7.3

Report Output and Scheduling

Axiom EPM
Oracle Hyperion
7.0
Publish to Web
Axiom EPM
Oracle Hyperion
6.7
Publish to PDF
Axiom EPM
Oracle Hyperion
6.7
Report Versioning
Axiom EPM
Oracle Hyperion
7.2
Report Delivery Scheduling
Axiom EPM
Oracle Hyperion
7.5

Data Discovery and Visualization

Axiom EPM
Oracle Hyperion
7.2
Pre-built visualization formats (heatmaps, scatter plots etc.)
Axiom EPM
Oracle Hyperion
7.0
Location Analytics / Geographic Visualization
Axiom EPM
Oracle Hyperion
7.3
Predictive Analytics
Axiom EPM
Oracle Hyperion
7.3

Access Control and Security

Axiom EPM
Oracle Hyperion
7.3
Multi-User Support (named login)
Axiom EPM
Oracle Hyperion
7.3
Role-Based Security Model
Axiom EPM
Oracle Hyperion
6.8
Multiple Access Permission Levels (Create, Read, Delete)
Axiom EPM
Oracle Hyperion
7.3
Single Sign-On (SSO)
Axiom EPM
Oracle Hyperion
7.7

Mobile Capabilities

Axiom EPM
Oracle Hyperion
5.6
Responsive Design for Web Access
Axiom EPM
Oracle Hyperion
6.4
Dedicated iOS Application
Axiom EPM
Oracle Hyperion
5.0
Dedicated Android Application
Axiom EPM
Oracle Hyperion
5.0
Dashboard / Report / Visualization Interactivity on Mobile
Axiom EPM
Oracle Hyperion
6.1

Pros

Axiom EPM

  • Compared to a previous EPM we used, Axiom's template load and saving performance has been much better even for large plan files.
  • Axiom consultants can create completely customized reports for any of the collected data. Super users within your organization can then fairly easily modify their work to create additional reports without Axiom's help (and invoices)
  • Setting up user security is a fairly easy one-time task and very easy to maintain when people change departments, leave the organization, etc. I would recommend you use role-based security settings.
  • Compared to our previous EPM, Axiom allows more customization and possibilities for templates. There's very few "the product can't do that" statements.
Anonymous | TrustRadius Reviewer

Oracle Hyperion

  • This product handles budgeting by Employee and/or Position very well. It is highly flexible and allows Hyperion administrators the ability to develop a planning application that fits a variety of different business needs.
  • It is great at calculating benefits using business rules to automate the population of these fringe costs in the overall budget planning process. This greatly reduces user error.
  • It allows you to seed the operating budget based on changes to key drivers, such as percentage increases, flat dollar increases and more detailed changes using business rules.
  • Allows visibility into the plans for each unit across the organization, rolled up into an overall budget for the campus.
  • It handles the creation of budgets with multiple chartfield segments or dimensions, which most other budgeting systems cannot handle well. It can aggregate these very quickly.
Teal Sexton | TrustRadius Reviewer

Cons

Axiom EPM

  • Unfortunately, Axiom only assigned two implementation consultants to our massive project and both were completely new to the product and inexperienced.
  • This isn't really a fault of Axiom, but your organization's data has to be perfect before implementing Axiom. You need a strong project manager within your organization to take the lead in working with Axiom. They should be very familiar with the source data and what's important to all your internal stakeholders. The Axiom team needs to be clearly told exactly what you need from them.
  • We never truly felt confident anyone from Axiom was really familiar with the source tables and data being used. I would suggest in any project they make that a priority early on. Not being familiar with the data caused a list of issues regarding reporting and template construction.
Anonymous | TrustRadius Reviewer

Oracle Hyperion

  • One pain point for us is the consolidation and translation process. Needing to translate the data over and over again is frustrating and there is no visibility into how many users are running a translation. If multiple users attempt to translate the same data set, say goodbye to your performance but you have no way of knowing! (Unless you want to pull up a task audit which is not a very realistic expectation). It has the been the quickest way for us to bring the system to it's knees. The consolidation process performs in direct correlation to the complexity of the calculation/consolidation rules. So, while the product is extremely flexible, you still have to be careful how you design your rules and calculations to make sure that you do it on the smallest subset of data as possible to avoid large processing times. This makes sense, but requires some significant expertise that most organizations do not have in-house.
  • The Hyperion Financial Reporting product is ridiculously outdated and clunky to use. The interface for designing reports is not intuitive, and not easy to modify once a report is built. I think there must be a strategic decision to move away from it and go to something more like Oracle BI because I just can't understand why in the world they don't update the reporting product. It also requires a significant level of expertise to be able to use. Not a great solution at all if you want multiple end-users to create reports in something other than Excel. Nobody except the HFM admin (which I used to be) in our company even touches this module.
  • Another pain point is the amount of IT support that is required to run this thing, and again, specialized knowledge of Hyperion products and how they work is required for IT to adequately support it. This goes for application servers and the Oracle database that the applications are running on.
Matt Downing | TrustRadius Reviewer

Likelihood to Renew

Axiom EPM

No score
No answers yet
No answers on this topic

Oracle Hyperion

Oracle Hyperion 5.0
Based on 1 answer
We're in the middle of the road because we are not sure that other products on the market fit the bill for what we need yet. Hyperion is expensive and burdensome from an administrator and maintenance standpoint, but it still seems to be the best solution for what we need. Show us an equally capable SaaS consolidation product and we'll talk again.
Matt Downing | TrustRadius Reviewer

Support Rating

Axiom EPM

Axiom EPM 7.0
Based on 1 answer
For the scale of our implementation, Axiom only assigned two consultants who were both completely new to the company. It felt like we were all learning about the product together, when you would expect them to already be experts at their own product. The team also made a good bit of mistakes throughout production and go-live, which then caused more work internally for us. The team lead for our project also just left the company, so we'll see how next year's planning goes
Anonymous | TrustRadius Reviewer

Oracle Hyperion

Oracle Hyperion 8.0
Based on 1 answer
The premium support team provides much needed dedicated customer service which we are after for what we have paid for this service. We are satisfied with the service and support and do not have any instance where there was an issue that requires escalation to get the right support team. Though the incidence of major issues that requires the premium support are less, we prefer to keep this as a safety net.
Anonymous | TrustRadius Reviewer

Alternatives Considered

Axiom EPM

Vena was a strong product, but only our department within the University used it for budgeting. The entire university chose Axiom for the increased scale and capacity. The loading and saving performance of Axiom is slightly better than Vena. Also, Axiom provides more template and report customization. Vena definitely excelled more in their support and staffing and was much cheaper (so I'm told) than Axiom
Anonymous | TrustRadius Reviewer

Oracle Hyperion

I use Oracle Hyperion Enterprise Performance Mangement because the company I work at requires me to use it in the Financial Planning sector as most of their data is stored in it. I am open minded and ready to use other performance management tools created by Oracle if my work permits.
Ricky Bhatia | TrustRadius Reviewer

Return on Investment

Axiom EPM

  • This is only the first year of implementation for the university, so the ROI is yet to be fully seen. For our department, which is the largest in the university, I think the ROI has been fairly high as our users have had more built-in resources within their plan files than they had previously.
Anonymous | TrustRadius Reviewer

Oracle Hyperion

  • Oracle Hyperion allows us to automate and consolidate financial data that used to be performed manually in spreadsheets. From that perspective the ROI is huge.
  • Oracle Hyperion functionality is extensive and allows us to perform most functions for planning, consolidating and reporting on our financial data.
  • One negative with Oracle Hyperion is that it is complicated to implement and maintain. It takes expertise at all levels (infrastructure and management) to realize the benefits from it.
Anonymous | TrustRadius Reviewer

Pricing Details

Axiom EPM

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
No

Oracle Hyperion

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

Rating Summary

Likelihood to Recommend

Axiom EPM
7.0
Oracle Hyperion
7.9

Likelihood to Renew

Axiom EPM
Oracle Hyperion
5.0

Support Rating

Axiom EPM
7.0
Oracle Hyperion
8.0

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