Oracle Hyperion vs. Prophix

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Oracle Hyperion
Score 7.0 out of 10
N/A
Oracle's Corporate Performance Management suite was acquired from Hyperion in 2007. Hyperion customers are encouraged to migrate to Oracle Fusion Cloud EPM.N/A
Prophix
Score 8.2 out of 10
Enterprise companies (1,001+ employees)
Prophix helps finance leaders to improve the speed and accuracy of decision making. Prophix’s Financial Performance Platform enables finance teams to reduce complexity and uncertainty, and illuminate insights with access to AI insights and planning, budgeting, forecasting, reporting, and consolidation functionalities.N/A
Pricing
Oracle HyperionProphix
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 HyperionProphix
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
I was not involved in the selection process, but I will say that Prophix is 100% easier to use than Hyperion and Cognos. It is very user friendly for those finance users who do not have a SQL background.
Chose Prophix
I used Hyperion Financial Management at my last company. Different situation as that was a larger global organization that had been on HFM for years. Prophix is much easier to configure and implement within a smaller organization. HFM may be the gold standard in financial …
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 HyperionProphix
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
Oracle Hyperion
10.0
22 Ratings
7% above category average
Prophix
9.1
183 Ratings
9% above category average
Long-term financial planning10.017 Ratings9.0149 Ratings
Financial budgeting10.020 Ratings9.0178 Ratings
Forecasting10.021 Ratings9.0170 Ratings
Scenario modeling10.016 Ratings9.5137 Ratings
Management reporting10.021 Ratings9.0175 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
Oracle Hyperion
8.2
20 Ratings
0% above category average
Prophix
7.9
152 Ratings
2% below category average
Personalized dashboards8.018 Ratings8.6140 Ratings
Color-coded scorecards7.115 Ratings8.0100 Ratings
KPIs9.917 Ratings7.8109 Ratings
Cost and profitability analysis9.917 Ratings7.7109 Ratings
Key Performance Indicator setting8.015 Ratings7.588 Ratings
Benchmarking with external data6.013 Ratings7.559 Ratings
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
Oracle Hyperion
-
Ratings
Prophix
7.6
4 Ratings
6% below category average
Customizable dashboards00 Ratings7.33 Ratings
Report Formatting Templates00 Ratings8.04 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
Oracle Hyperion
-
Ratings
Prophix
8.8
86 Ratings
6% above category average
Drill-down analysis00 Ratings9.585 Ratings
Formatting capabilities00 Ratings8.684 Ratings
Report sharing and collaboration00 Ratings8.480 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
Oracle Hyperion
-
Ratings
Prophix
8.8
79 Ratings
7% above category average
Publish to PDF00 Ratings9.074 Ratings
Report Versioning00 Ratings8.054 Ratings
Report Delivery Scheduling00 Ratings9.267 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
Oracle Hyperion
-
Ratings
Prophix
7.3
27 Ratings
5% below category average
Predictive Analytics00 Ratings7.327 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
Oracle Hyperion
-
Ratings
Prophix
8.9
83 Ratings
2% above category average
Multi-User Support (named login)00 Ratings9.480 Ratings
Role-Based Security Model00 Ratings8.880 Ratings
Multiple Access Permission Levels (Create, Read, Delete)00 Ratings8.883 Ratings
Report-Level Access Control00 Ratings8.625 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
Oracle Hyperion
-
Ratings
Prophix
9.6
40 Ratings
18% above category average
Responsive Design for Web Access00 Ratings9.640 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
Oracle Hyperion
-
Ratings
Prophix
8.4
148 Ratings
4% above category average
Financial data consolidation00 Ratings9.6124 Ratings
Journal entries and reports00 Ratings9.376 Ratings
Multi-currency management00 Ratings8.159 Ratings
Intercompany Eliminations00 Ratings8.870 Ratings
Minority Ownership00 Ratings7.027 Ratings
Local and consolidated reporting00 Ratings9.0104 Ratings
Detailed Audit Trails00 Ratings7.484 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
Oracle Hyperion
-
Ratings
Prophix
8.4
175 Ratings
2% above category average
Financial Statement Reporting00 Ratings9.1158 Ratings
Management Reporting00 Ratings9.3169 Ratings
Excel-based Reporting00 Ratings8.9153 Ratings
Automated board and financial reporting00 Ratings8.6132 Ratings
XBRL support for regulatory filing00 Ratings6.43 Ratings
Integration
Comparison of Integration features of Product A and Product B
Oracle Hyperion
-
Ratings
Prophix
9.1
171 Ratings
9% above category average
Flat file integration00 Ratings8.9135 Ratings
Excel data integration00 Ratings8.9149 Ratings
Direct links to 3rd-party data sources00 Ratings9.3130 Ratings
Best Alternatives
Oracle HyperionProphix
Small Businesses
MIP Fund Accounting
MIP Fund Accounting
Score 8.7 out of 10
IBM Planning Analytics
IBM Planning Analytics
Score 8.4 out of 10
Medium-sized Companies
Centage
Centage
Score 9.6 out of 10
Centage
Centage
Score 9.6 out of 10
Enterprises
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.2 out of 10
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.2 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Oracle HyperionProphix
Likelihood to Recommend
10.0
(23 ratings)
8.6
(201 ratings)
Likelihood to Renew
5.0
(1 ratings)
10.0
(16 ratings)
Usability
-
(0 ratings)
8.9
(43 ratings)
Availability
-
(0 ratings)
9.2
(25 ratings)
Performance
-
(0 ratings)
8.6
(24 ratings)
Support Rating
8.0
(1 ratings)
8.0
(120 ratings)
In-Person Training
-
(0 ratings)
8.3
(10 ratings)
Online Training
-
(0 ratings)
8.7
(12 ratings)
Implementation Rating
-
(0 ratings)
9.0
(19 ratings)
Configurability
-
(0 ratings)
8.7
(11 ratings)
Ease of integration
-
(0 ratings)
8.6
(27 ratings)
Product Scalability
-
(0 ratings)
9.1
(22 ratings)
Vendor post-sale
-
(0 ratings)
9.1
(20 ratings)
Vendor pre-sale
-
(0 ratings)
8.8
(18 ratings)
User Testimonials
Oracle HyperionProphix
Likelihood to Recommend
Discontinued Products
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
Being able to allow all budget holders access to their reports via Prophix and having charts on the dashboards which give an image of where we are financially as a company each month is really helpful, our users appreciate the access and not receiving emails with reports. The drill down in the reports provides much more detail for the budget holders and going forward we are going to try to use the line item details to provided a greater amount of information. Using the Detailed Planning Manager for Personnel Planning during budget setting was a game changer - being able to view the costs and being much more accurate with regard to start and end dates and applying a cost of living increase which we could adjust to see how it would affect the budget overall was really helpful.
Read full review
Pros
Discontinued Products
  • 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
Discontinued Products
  • 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
  • Version control; there are issues using the same budget version in multiple years if adding detail (line item detail). What Prophix has explained as a benefit is a huge detriment for us and we've been working with them for 6 months on a fix and it's yet to get resolved
  • There are certain aspects that a messy; within our budgeting and forecasting detail, we have "unexplained balance" lines that show up that are distracting and add no value.
  • Lack of a centralized location for content outside of tool; for example, training, help, support, intranet, etc are all separate websites and not easy to get to. I'm not sure why all of this isn't linked to the same account and accessible through the tool. Why should we need separate passwords for everything Prophix?!
Read full review
Likelihood to Renew
Discontinued Products
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
Discontinued Products
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
Discontinued Products
No answers on this topic
Prophix Software
Prophix's CS is one of the best that we communicate with. Response time is reasonable, and they can communicate via email or phone or Teams. Multiple ways to communicate and if any additional questions that they cannot answer, i am redirected to the correct individual to assist
Read full review
Performance
Discontinued Products
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
Discontinued Products
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
Discontinued Products
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
Discontinued Products
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
Discontinued Products
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.
Read full review
Alternatives Considered
Discontinued Products
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
We found Prophix to be more flexible than the other solutions. It proved to have less of an implementation timeframe, and we felt more comfortable supporting the system ourselves post-implementation. We were also surprised to find that Prophix's pricing was more competitive than its rivals, which made the decision process quite easy.
Read full review
Scalability
Discontinued Products
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
Discontinued Products
  • 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 Chart Insights, one of the AI Insights capabilities that utilizes Artificial Intelligence and Natural Language Processing to provide enhanced business awareness.  Chart Insights extends the important details contained within dashboards, and analyzes the complete dataset behind the dashboard, automatically surfacing the data relationships not obvious in dashboard visualizations alone. It then provides an efficient summary of key performance metrics found buried within Prophix charts.  It also summarizes the important insights in plain English.Screenshot of Prophix's self-serve dashboards and visualizations, directly integrated with data, workflow tasks, announcements, and external URLs and databases.  Dashboard Studio helps users to be informed and make better business decisions.Screenshot of detailed interactive charts and graphs that Prophix offers to uncover insights. Prophix’s visual analytics are linked directly to data with transaction details.  There is no need to input the numbers.  Prophix does this tedious work, automatically.Screenshot of Prophix’s Workflow Manager, used to assign tasks to users and facilitate approvals across the business.  Stakeholder input can be captured directly with the ability to add comments and notes in a single unified database.Screenshot of Cell Comments allow users to add supporting details like notes and attachments to data.  Since comments are stored with the data, they can be viewed in any template along with their trailing history. Cell Comment Reports can also be generated to show all comments from any data view in one convenient report.