Likelihood to Recommend First, get the database on Oracle. If you are in an Oracle stack, it would be much better to use the Oracle products. If you are driving a Ferrari, you wouldn’t put a Mercedes engine in it. If you are writing a query, you cannot rely on other brands. Since I'm an architect, when I look for a product, I look for performance. The installation is easy because it comes out-of-the-box and you just start using it. Previous to Oracle Exadata, we were using a normal Oracle RAC service. We were just waiting for this product to come out. I'm currently writing a data warehouse on Exadata. Before this solution, we were aiming for this to be completed by 8 a.m., when our ETLs would finish. With the help of Exadata's special features, this was reduced to 3 a.m. This solution allows us to bring more data within the same time period. It provides us with more subject areas that provide more reports to our users. Our ETL times reduced to 65%, then to 50%. Read full review 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.
Read full review Pros Customize-able for specific functionality optimized for combination of online transaction or analytical processing. Ability to serve mix workloads with resource management feature enables prioritizing allocation for certain workload. Scale-able on-premise with compatibility for cloud deployment offers flexible solution for organization considering to transition from on-premise solution. Read full review 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 Interim Director of Business Intelligence and Finance Systems
Read full review Cons Patching can often become quite involved and convoluted. It should be more transparent and straightforward. Storage metrics can be difficult and time consuming to obtain. Basic administrative functions can be hard to repair when discovered. Vendor support can take a while to obtain. Generally several attempts are necessary to reach the right area of vendor expertise. Read full review 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. Read full review Likelihood to Renew 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.
Read full review Support Rating 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.
Read full review Alternatives Considered Oracle Exadata Database Machine had the best performance overall hands down. It clearly beat the competition and we were seeing 1000X improvement on
SAP HANA . Oracle Exadata Database Machine beat that without us refactoring our code. To achieve that in HANA, we had to refactor the code somewhat. Now this was for our limited POC of 5 use cases. Given the large number of stored procedures we had in Sybase, we need to capture more production metrics but we are seeing incredible performance.
Gene Baker Vice President, Chief Architect, Development Manager and Software Engineer
Read full review 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 Financial Planning Analyst- Student Assistant/ Consultant
Read full review Return on Investment Single support from a single vendor with both machine and database from Oracle, which is costing us less. With Exadata, we need less technical manpower and less technical support. A business transaction with the integrated and centralized database helps us focus on other business needs. We don't need to buy additional licenses and Hardware for the next 3 to 5 years. Habeeb Akbar Sr. Product Manager/Consultant for Software Technologies and Infrastructure
Read full review 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. Read full review ScreenShots