What users are saying about
20 Ratings
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Score 6.9 out of 100
196 Ratings
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Score 7.8 out of 100

Likelihood to Recommend

OpenText Magellan

If you do not have a large budget and are a large organization, I would steer clear of Actuate. If you are looking to do very complex washboarding, I would not use them. Your developers have to be very skilled to work with this. Plan to bring in consultants if necessary to help your process. Adhoc reporting is weak. If your pricing is user based and you expand, this could be very expensive.
Christopher Noyes | 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

BI Standard Reporting

OpenText Magellan
8.0
Oracle Hyperion
7.3
Customizable dashboards
OpenText Magellan
9.0
Oracle Hyperion
7.0
Report Formatting Templates
OpenText Magellan
7.0
Oracle Hyperion
7.8
Pixel Perfect reports
OpenText Magellan
Oracle Hyperion
7.2

Ad-hoc Reporting

OpenText Magellan
7.7
Oracle Hyperion
7.6
Drill-down analysis
OpenText Magellan
5.0
Oracle Hyperion
8.3
Formatting capabilities
OpenText Magellan
9.0
Oracle Hyperion
7.7
Report sharing and collaboration
OpenText Magellan
9.0
Oracle Hyperion
7.0
Integration with R or other statistical packages
OpenText Magellan
Oracle Hyperion
7.3

Report Output and Scheduling

OpenText Magellan
8.0
Oracle Hyperion
6.8
Publish to Web
OpenText Magellan
9.0
Oracle Hyperion
6.4
Publish to PDF
OpenText Magellan
9.0
Oracle Hyperion
6.5
Report Versioning
OpenText Magellan
9.0
Oracle Hyperion
7.1
Report Delivery Scheduling
OpenText Magellan
5.0
Oracle Hyperion
7.4

Access Control and Security

OpenText Magellan
5.0
Oracle Hyperion
7.3
Role-Based Security Model
OpenText Magellan
5.0
Oracle Hyperion
6.6
Multiple Access Permission Levels (Create, Read, Delete)
OpenText Magellan
5.0
Oracle Hyperion
7.4
Single Sign-On (SSO)
OpenText Magellan
5.0
Oracle Hyperion
7.9
Multi-User Support (named login)
OpenText Magellan
Oracle Hyperion
7.3

Mobile Capabilities

OpenText Magellan
3.0
Oracle Hyperion
5.6
Responsive Design for Web Access
OpenText Magellan
3.0
Oracle Hyperion
6.1
Dashboard / Report / Visualization Interactivity on Mobile
OpenText Magellan
3.0
Oracle Hyperion
6.2
Dedicated iOS Application
OpenText Magellan
Oracle Hyperion
5.0
Dedicated Android Application
OpenText Magellan
Oracle Hyperion
5.0

Application Program Interfaces (APIs) / Embedding

OpenText Magellan
6.2
Oracle Hyperion
REST API
OpenText Magellan
5.0
Oracle Hyperion
Javascript API
OpenText Magellan
9.0
Oracle Hyperion
Java API
OpenText Magellan
5.0
Oracle Hyperion
Themeable User Interface (UI)
OpenText Magellan
7.0
Oracle Hyperion
Customizable Platform (Open Source)
OpenText Magellan
5.0
Oracle Hyperion

Data Discovery and Visualization

OpenText Magellan
Oracle Hyperion
7.1
Pre-built visualization formats (heatmaps, scatter plots etc.)
OpenText Magellan
Oracle Hyperion
6.9
Location Analytics / Geographic Visualization
OpenText Magellan
Oracle Hyperion
7.3
Predictive Analytics
OpenText Magellan
Oracle Hyperion
7.2

Budgeting, Planning, and Forecasting

OpenText Magellan
Oracle Hyperion
8.2
Long-term financial planning
OpenText Magellan
Oracle Hyperion
8.4
Financial budgeting
OpenText Magellan
Oracle Hyperion
8.5
Forecasting
OpenText Magellan
Oracle Hyperion
8.2
Scenario modeling
OpenText Magellan
Oracle Hyperion
7.5
Management reporting
OpenText Magellan
Oracle Hyperion
8.5

Consolidation and Close

OpenText Magellan
Oracle Hyperion
7.8
Financial data consolidation
OpenText Magellan
Oracle Hyperion
8.3
Journal entries and reports
OpenText Magellan
Oracle Hyperion
7.9
Multi-currency management
OpenText Magellan
Oracle Hyperion
8.2
Intercompany Eliminations
OpenText Magellan
Oracle Hyperion
7.6
Minority Ownership
OpenText Magellan
Oracle Hyperion
7.4
Local and consolidated reporting
OpenText Magellan
Oracle Hyperion
7.8
Detailed Audit Trails
OpenText Magellan
Oracle Hyperion
7.6

Financial Reporting and Compliance

OpenText Magellan
Oracle Hyperion
8.2
Financial Statement Reporting
OpenText Magellan
Oracle Hyperion
8.5
Management Reporting
OpenText Magellan
Oracle Hyperion
8.4
Excel-based Reporting
OpenText Magellan
Oracle Hyperion
8.9
Automated board and financial reporting
OpenText Magellan
Oracle Hyperion
7.7
XBRL support for regulatory filing
OpenText Magellan
Oracle Hyperion
7.5

Analytics

OpenText Magellan
Oracle Hyperion
7.5
Personalized dashboards
OpenText Magellan
Oracle Hyperion
8.0
Color-coded scorecards
OpenText Magellan
Oracle Hyperion
7.3
KPIs
OpenText Magellan
Oracle Hyperion
7.4
Cost and profitability analysis
OpenText Magellan
Oracle Hyperion
7.8
Key Performance Indicator setting
OpenText Magellan
Oracle Hyperion
7.2
Benchmarking with external data
OpenText Magellan
Oracle Hyperion
7.4

Integration

OpenText Magellan
Oracle Hyperion
8.0
Flat file integration
OpenText Magellan
Oracle Hyperion
8.2
Excel data integration
OpenText Magellan
Oracle Hyperion
8.5
Direct links to 3rd-party data sources
OpenText Magellan
Oracle Hyperion
7.3

Pros

OpenText Magellan

  • The report outputs can vary across different types such as HTML, PDF, and Excel
  • Their open source offering is very sufficient
  • There are great boards and blogs for developers and engineers to expand and use their features.
  • The people from the company that I've worked with are professional and courteous.
Bri Gipson | 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

OpenText Magellan

  • The documentation on all the available features, but most importantly on the scripting side, can be improved
  • The standard look & feel of some basic options, like parameter selection or sorting and filtering, looks dated and can't be customized
  • The server portal needs to provide better tools
  • More integration is needed with other OpenText products
Martin Rubens | 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

OpenText Magellan

OpenText Magellan 3.9
Based on 9 answers
I am no longer working for the company that was using Actuate but I believe they would continue to use it because the stitching costs would be to high. It would require a complete rewrite of the reports and the never version of Actuate (BIRT) even required an almost complete report rewrite
Todd Bellamy | TrustRadius Reviewer

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

OpenText Magellan

OpenText Magellan 9.1
Based on 1 answer
Always there on the front and backend for us and the client.
Jeffrey Fischer | 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

OpenText Magellan

I've used JReports and Actuate is very similar but seems to have a lot more customization features for the end user of BIRT reports.
Amy Broome | 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

OpenText Magellan

  • Actuate can handle 50 to 60 sub reports inside a report very well.
  • Dynamically creating the datasource, chart, graph, reports are the main advantages. We can do any level of drilling, and can create a performance matrix dashboard efficiently.
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

Screenshots

Pricing Details

OpenText Magellan

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
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

OpenText Magellan
7.0
Oracle Hyperion
7.8

Likelihood to Renew

OpenText Magellan
3.9
Oracle Hyperion
5.0

Support Rating

OpenText Magellan
9.1
Oracle Hyperion
8.0

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