Oracle Hyperion Enterprise Performance Management vs. Prophix

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Oracle Hyperion
Score 7.2 out of 10
N/A
Oracle's Corporate Performance Management suite was acquired from Hyperion in 2007. The product is offers a broad suite of capabilities and many customers use only a subset of the platform capabilities.. Oracle has integrated Oracle BI tools to extend the platform further.N/A
Prophix
Score 8.2 out of 10
Enterprise companies (1,001+ employees)
Prophix offers a Corporate Performance Management (CPM) software that enables budgeting, planning, and reporting. Prophix emphasizes the software’s ability to automate data management and reporting tasks.N/A
Pricing
Oracle Hyperion Enterprise Performance ManagementProphix
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Oracle HyperionProphix
Free Trial
NoYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoYes
Entry-level Setup FeeNo setup feeOptional
Additional Details
More Pricing Information
Community Pulse
Oracle Hyperion Enterprise Performance ManagementProphix
Considered Both Products
Oracle Hyperion

No answer on this topic

Prophix
Chose Prophix
Several years ago our organization evaluated Hyperion and another competitor to Prophix. After several months of due diligence we came to the following conclusions. 1) The implementation and administrative costs of Hyperion were off the charts and much to excessive for an …
Chose Prophix
Prior to implementing Prophix, Myriad used Hyperion for financial reporting and Excel for budgeting, forecasting and international consolidation. As our organization grew and our processes became more complicated we were interested in a single tool that could balance our …
Chose Prophix
We selected Prophix over Hyperion due to following:
1.) Price of implementation and ongoing costs - Prophix was significantly lower in initial setup and ongoing expenses
2.) Ease of use - Prophix can be maintained by the Finance Organization without significant support from IT
Chose Prophix
Other parts of our company have used Hyperion. I have not used it but only seen it in action. From what I can tell, Prophix is a more user-friendly software and better for the base users who may not all be full accountants using the system along with us.
Chose Prophix
I haven't used Hyperion nearly as much as Prophix, but the main difference I noticed right away is the intuitive nature by which you build ad-hoc data view reports in Prophix. With Hyperion, there is a syntax that you need to know in order to build a data view. With Prophix, …
Chose Prophix
Way less expensive with sufficient functionality. Prophix doesn't have all the bells and whistles but you also don't need a dedicated IT resource or developer to run Prophix. For a mid tier organization, in my opinion, Hyperion could be overpowered. Prophix can be easily …
Chose Prophix
The price was one of the biggest thing that had us looking at Prophix. Also how customized it could be with us. Prophix was willing to work with us as a partner and not just have us take their out of the box product, but actually create our own with them.
Chose Prophix
We chose Prophix based on the desire to make a paradigm shift away from Excel and towards a more fully-featured web-based SaaS solution that would still allow for the utilization of Excel where it made sense. Prophix does this through an Excel add-on, while more comprehensive …
Chose Prophix
Better drill across capabilities and easier to do quick adhoc reporting. Able to build complex allocation processes.
Chose Prophix
Initial presentation was effective at showing how prophix could be used to solve our problems. It was also a cost effective solution. Prophix handles the planning and forecasting process along with the financial reporting. Most BI modules or add-ons are good at allowing …
Chose Prophix
We worked with a consulting firm in our selection process and based on our company size and budget Prophix was the best fit.
Chose Prophix
Hyperion was cost prohibitive for a company our size, and was eliminated early in the process. We evaluated Budget Maestro and Adaptive Planning prior to purchasing Prophix, but decided on Prophix due to combination of lowest cost to implement/maintain, most intuitive …
Chose Prophix
We also considered Hyperion but the cost and implementation complexities pushed us to Prophix.
Chose Prophix

Compared to Host Analytics and Adaptive, Prophix provides more value for the dollar, especially when we deploy multiple models. Solution set is also comparably built out, so we are not missing any critical functionality. Self-maintenance by finance is also comparable to Host …

Chose Prophix
Prophix modeling is more flexible and customer support is more responsive. End users are empowered with ease of functionality that is lacking in the bigger brands. Design is more attentive to user feedback.
Chose Prophix
These products did not provide comparable applications and functionality for the cost. Their cost either greatly exceeded Prophix and the functionality did not justify the cost difference or the functionality did not compare. For the most expensive option, the enormous IT …
Top Pros

No answers on this topic

Top Cons

No answers on this topic

Features
Oracle Hyperion Enterprise Performance ManagementProphix
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
Oracle Hyperion Enterprise Performance Management
8.7
7 Ratings
7% above category average
Prophix
-
Ratings
Pixel Perfect reports10.05 Ratings00 Ratings
Customizable dashboards8.06 Ratings00 Ratings
Report Formatting Templates8.06 Ratings00 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
Oracle Hyperion Enterprise Performance Management
8.5
10 Ratings
1% above category average
Prophix
8.6
57 Ratings
2% above category average
Drill-down analysis8.010 Ratings9.157 Ratings
Formatting capabilities10.09 Ratings8.155 Ratings
Integration with R or other statistical packages7.13 Ratings00 Ratings
Report sharing and collaboration9.06 Ratings8.653 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
Oracle Hyperion Enterprise Performance Management
7.5
7 Ratings
10% below category average
Prophix
8.6
54 Ratings
4% above category average
Publish to Web10.06 Ratings00 Ratings
Publish to PDF10.06 Ratings9.050 Ratings
Report Versioning2.06 Ratings8.236 Ratings
Report Delivery Scheduling8.05 Ratings8.745 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
Oracle Hyperion Enterprise Performance Management
7.7
5 Ratings
1% above category average
Prophix
7.5
17 Ratings
2% below category average
Pre-built visualization formats (heatmaps, scatter plots etc.)6.93 Ratings00 Ratings
Location Analytics / Geographic Visualization7.23 Ratings00 Ratings
Predictive Analytics9.04 Ratings7.517 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
Oracle Hyperion Enterprise Performance Management
10.0
9 Ratings
13% above category average
Prophix
9.1
55 Ratings
4% above category average
Multi-User Support (named login)10.09 Ratings9.152 Ratings
Role-Based Security Model10.07 Ratings9.153 Ratings
Multiple Access Permission Levels (Create, Read, Delete)10.08 Ratings9.155 Ratings
Single Sign-On (SSO)10.07 Ratings00 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
Oracle Hyperion Enterprise Performance Management
6.0
5 Ratings
26% below category average
Prophix
8.4
28 Ratings
8% above category average
Responsive Design for Web Access8.05 Ratings8.428 Ratings
Mobile Application5.03 Ratings00 Ratings
Dashboard / Report / Visualization Interactivity on Mobile6.03 Ratings00 Ratings
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
Oracle Hyperion Enterprise Performance Management
9.9
24 Ratings
15% above category average
Prophix
8.7
156 Ratings
2% above category average
Long-term financial planning10.019 Ratings8.3127 Ratings
Financial budgeting10.022 Ratings9.1151 Ratings
Forecasting10.023 Ratings9.0144 Ratings
Scenario modeling9.818 Ratings8.2119 Ratings
Management reporting9.823 Ratings9.1150 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
Oracle Hyperion Enterprise Performance Management
9.8
21 Ratings
17% above category average
Prophix
7.6
126 Ratings
9% below category average
Financial data consolidation10.020 Ratings9.2105 Ratings
Journal entries and reports10.019 Ratings8.364 Ratings
Multi-currency management10.013 Ratings7.348 Ratings
Intercompany Eliminations10.018 Ratings6.458 Ratings
Minority Ownership10.013 Ratings5.423 Ratings
Local and consolidated reporting9.219 Ratings8.688 Ratings
Detailed Audit Trails9.219 Ratings8.270 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
Oracle Hyperion Enterprise Performance Management
8.6
22 Ratings
1% above category average
Prophix
8.0
150 Ratings
6% below category average
Financial Statement Reporting10.021 Ratings9.2134 Ratings
Management Reporting10.020 Ratings9.1145 Ratings
Excel-based Reporting10.020 Ratings8.8131 Ratings
Automated board and financial reporting7.416 Ratings8.2110 Ratings
XBRL support for regulatory filing5.811 Ratings4.52 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
Oracle Hyperion Enterprise Performance Management
8.2
21 Ratings
2% above category average
Prophix
7.4
128 Ratings
8% below category average
Personalized dashboards8.219 Ratings8.9120 Ratings
Color-coded scorecards7.416 Ratings7.985 Ratings
KPIs9.617 Ratings7.493 Ratings
Cost and profitability analysis9.617 Ratings6.695 Ratings
Key Performance Indicator setting8.215 Ratings7.278 Ratings
Benchmarking with external data6.214 Ratings6.451 Ratings
Integration
Comparison of Integration features of Product A and Product B
Oracle Hyperion Enterprise Performance Management
10.0
22 Ratings
16% above category average
Prophix
8.3
144 Ratings
3% below category average
Flat file integration10.020 Ratings7.9113 Ratings
Excel data integration10.022 Ratings8.4125 Ratings
Direct links to 3rd-party data sources10.014 Ratings8.5105 Ratings
Best Alternatives
Oracle Hyperion Enterprise Performance ManagementProphix
Small Businesses
IBM Planning Analytics with Watson
IBM Planning Analytics with Watson
Score 8.8 out of 10
IBM Planning Analytics with Watson
IBM Planning Analytics with Watson
Score 8.8 out of 10
Medium-sized Companies
OneStream
OneStream
Score 9.5 out of 10
OneStream
OneStream
Score 9.5 out of 10
Enterprises
OneStream
OneStream
Score 9.5 out of 10
OneStream
OneStream
Score 9.5 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Oracle Hyperion Enterprise Performance ManagementProphix
Likelihood to Recommend
9.8
(25 ratings)
8.7
(174 ratings)
Likelihood to Renew
5.0
(1 ratings)
10.0
(16 ratings)
Usability
-
(0 ratings)
8.8
(39 ratings)
Availability
-
(0 ratings)
9.9
(32 ratings)
Performance
-
(0 ratings)
9.0
(32 ratings)
Support Rating
8.0
(2 ratings)
8.0
(203 ratings)
In-Person Training
-
(0 ratings)
8.5
(10 ratings)
Online Training
-
(0 ratings)
8.2
(11 ratings)
Implementation Rating
-
(0 ratings)
9.5
(28 ratings)
Configurability
-
(0 ratings)
9.7
(19 ratings)
Ease of integration
-
(0 ratings)
9.1
(44 ratings)
Product Scalability
-
(0 ratings)
8.7
(19 ratings)
Vendor post-sale
-
(0 ratings)
9.7
(33 ratings)
Vendor pre-sale
-
(0 ratings)
9.7
(31 ratings)
User Testimonials
Oracle Hyperion Enterprise Performance ManagementProphix
Likelihood to Recommend
Oracle
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
Prophix Software
Prophix is a flexible tool and the people are friendly. From the outset, I've felt that they genuinely have my interests in mind. I didn't feel rushed to make a decision, like some other vendors. However, the team is slow to respond/innovate on issues and I've wasted time in many areas. We have received bad advice on numerous occasions, leading us to rebuild certain components. For example, it was communicated to us we could budget in USD but that turned into a huge headache when we had to redo several thousand lines of budget into the correct local currency. The product interfaces well with our ERP, however structure changes (new dept, office, etc) are not automated and require constant updates within Model Manager. This can be time consuming and create differences when actuals are pushed from the ERP if a change is not updated in Prophix. Reporting is customizable and fairly easy to use.
Read full review
Pros
Oracle
  • 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.
Read full review
Prophix Software
  • ONU has benefitted by moving away from a centralized, Excel-based budget process by implementing Prophix to a decentralized process that engages budget managers in the development of the University's budget.
  • Prophix offers tremendous flexibility in reporting that is not available through our ERP system.
  • Prophix is very adaptable to many different types of industries. Its flexibility and adaptability is one of its biggest strengths.
  • The ability to set up workflows for a variety of tasks within Prophix is very beneficial for tracking purposes.
Read full review
Cons
Oracle
  • 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
Prophix Software
  • More flexibility needed in dashboard chart design
  • More flexibility in how accounts roll-up (children added together = parent total; sometimes I need to average the children to get the parent, but that is not a current feature)
  • I wish ad hoc analysis was available for standard users
Read full review
Likelihood to Renew
Oracle
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
Prophix Software
The system works well for us, and meets all of our needs. All of our future plans can and will be achieved within Prophix, so there is no need to pursue another product. Prophix has continuously proven to improve their product over the years, which provides an even higher level of confidence in this tool, and future developments
Read full review
Usability
Oracle
No answers on this topic
Prophix Software
The
data can be sliced and diced many ways, and each user is able to do it however
they like. It is easy to create or run existing reports. We have made many of
our processes more efficient, and Prophix has allowed us to save more time than
you can imagine. We
are able to use Prophix for Expense tracking, Expense and Capital planning, reforecasting,
Compensation planning, Project tracking, Expense allocation, GAAP PLOB
reporting, and still have several more tasks to implement through Prophix
Read full review
Reliability and Availability
Oracle
No answers on this topic
Prophix Software
We deployed in the cloud. Prophix uses AWS hosting and uptime is over 99%. There are occasional outages and scheduled processes don't run due to them, but that's not a problem unique to Prophix. And that happens maybe once or twice a year.
Read full review
Performance
Oracle
No answers on this topic
Prophix Software
Prophix has always performed consistently. We are using on-premise so many factors can contribute to slower than desired performance, most having nothing to do with Prophix itself. If we move to the web-client cloud based solution I believe performance will even be better.
Read full review
Support Rating
Oracle
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
Prophix Software
The Prophix staff is very helpful and quick to respond. I like that they teach me instead of doing it for me when possible, so I don't have to contact them as often! Never talked to anyone at Prophix that I didn't respect or think highly of! Very professional, great customer service!
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In-Person Training
Oracle
No answers on this topic
Prophix Software
The initial integration consultant was very helpful in making sure we were set up with all the essential uses we required: reporting/budgeting/forecasting. There was a learning curve but our consultant made it very easy to understand and helped me be comfortable in my Global Admin role in the system. Even after integration, we were given support whenever I came up with an idea I would get in touch and I would be trained on how I can implement it.
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Online Training
Oracle
No answers on this topic
Prophix Software
We used our system and created a test cube to work with our own data. We ran through the different functions of Prophix and covered alot of material. We did two sessions a week, with homework tasks assigned. We were able to ask questions and cover any questions during the followup sessions.
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Implementation Rating
Oracle
No answers on this topic
Prophix Software
Prophix Consulting should bring, in house, chargeable expertise in Oracle EBS table access for Drill Across and provide reasonable limits on dimension member combinations so there are no unreasonable expectations about the application of multi dimensional cubes to detail, such as revenue by product and customer.
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Alternatives Considered
Oracle
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.
Read full review
Prophix Software
Workday Adaptive Planning had some excellent looking features such as report design and processing speed and efficiency. Fiserv Prologue really excels at providing banking specific functionality built-in. We ultimately felt the Prophix provides the best blend of the other two's strengths and did so with a great value for the price and excellent customer service through sales, product, marketing and integration.
Read full review
Scalability
Oracle
No answers on this topic
Prophix Software
We are a medium sized company, but the structure of Prophix would seemingly adapt to whatever sized organization you have. It also can be applied in any area of an enterprise that needs performance management, whether it involves financial data or not. The potential for application within the enterprise is really only limited by you imagination.
Read full review
Return on Investment
Oracle
  • 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
Prophix Software
  • The greatest impact Prophix has had is provided useful data for business decisions, especially with variance analysis and real time production data.
  • Prophix has saved our company a considerable amount of time during our budgeting/forecast process as well as reporting actuals and variance to managers.
Read full review
ScreenShots

Prophix Screenshots

Screenshot of Prophix software balances simplicity and depth of functionality, delivering a CPM solution that enables collaboration. Prophix provides a unified CPM solution for budgeting, planning, forecasting, reporting, and financial consolidation.Screenshot of Prophix Visual Analytics makes working with data easier and more intuitive for CPM users. With one click information access and structured visual data discovery users can see the value in their data.

Uncover powerful insights with stunning interactive charts and graphs
Accelerate the path to analysis
Quickly see data from various viewpoints and perspectives
Enable many users to interact and adjust data on-the-flyScreenshot of Ad hoc analysis and templates with Prophix have search capabilities for analysis and template creation so users can interrogate and navigate across multidimensional data to get to exactly what is needed in just a few clicks.Screenshot of Workflows with Prophix provide a quick, interactive overview of the tasks a user is responsible for, either as a direct owner, or something that has to be approved. Workflow allows users to filter and show the tasks that are in progress, past due or finished with a clean interface, showing relevant, important items right away.