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.
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SAP HANA Cloud
Score 8.6 out of 10
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SAP HANA is an application that uses in-memory database technology to process very large amounts of real-time data from relational databases, both SAP and non-SAP, in a very short time. The in-memory computing engine allows HANA to process data stored in RAM as opposed to reading it from a disk which means that the data can be accessed in real time by the applications using HANA. The product is sold both as an appliance and as a cloud-based software solution.
Compared with some of the other products that had been used, Oracle Hyperion had solved the major impediment of integrating multiple ERP systems (both SAP and non-SAP) with relative ease while providing the business the leverage to analyze, comprehend, and rectify the data.
SAP HANA uses the sheer power of in memory analytics based on columnar compression of data in the back-end resulting in an overall decreased footprint of the data resulting in a paradigm shift. The traditional RDBMS database would rely heavily on additional indexes to retrieve …
Best suited for quite a few enterprise apps built on SAP ERP systems. With many products being IT-oriented, it takes forever for businesses to leverage functionality without being dependent on IT. However, compared to the Oracle Database, this is extremely flexible in terms of …
It is best suited for Enterprise applications to build on SAP ERP system. Other applications are very technical products and do not have business goals embedded. For example, SAP Hana has am application functional library as well as inbuilt support for R which is very useful. …
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.
It is the ideal place to put an ArcGIS geodatabase especially the utility network. This is due to the data federation and data virtualization capabilities. HANA Cloud's ability to execute queries at scale and speed is very, very good. With respect to HANA Cloud vs. HANA Enterprise (on-prem), the additional connectors provided with HANA Cloud at no additional charge make it straightforward to integrate HANA Cloud into hyperscalar's data meshes - like AWS. In a lot of ways, HANA Cloud is a better value than on-prem because it includes all of the options including SDA/SDI and the connectors
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.
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.
Requires higher processing power, otherwise it won't fly. How ever computing costs are lower. Incase you are migrating to cloud please do not select the highest config available in that series . Upgrading it later against a reserved instance can cost you dearly with a series change
Lack of clarity on licensing is one major challenge
Unless S/4 with additional features are enabled mere migration HANA DB is not a rewarding journey. Power is in S/4
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.
At this moment we are not focusing on SAP, however would love to in the future. This is primarily because of our limited ability to generate more revenue to fund for SAP partnerships and products. Our initial tryst with SAP Partneredge open ecosystem didn't go as planned and we have shelved that for now. Hope we can revive in the future
In addition to the points described in the previous parts of the review, I believe that as I gain more experience with the product over time, I will be able to better describe my experience with this tool. Meanwhile, I can confirm that the possibilities presented to my organization by the change to SAP HANA, at the moment, have been very important to evolve the analytical and strategic field towards a new path.
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.
One specific example of how the support for SAP HANA Cloud impacted us is in our efforts to troubleshoot and resolve technical issues. Whenever we encountered an issue or had a question, the support team was quick to respond and provided us with clear and actionable guidance. This helped us avoid downtime and keep our analytics operations running smoothly.
Professional GIS people are some of the most risk-averse there are, and it's difficult to get them to move to HANA in one step. Start with small projects building to 80% use of HANA spatial over time.
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.
Both SAP Cloud Platform and Oracle Cloud Platform provide the API management, data and application integration, using real-time insights to develop and deploy integrate applications, but SAP proved more beneficial for our firm and was mostly a decision taken by management.
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.
Companies may use the software to increase their cross-functional transparency, as well as their efficiency and agility. The solution may also help businesses to conduct more efficient, real-time operational reporting and get more insight into day-to-day operations in order to make quicker and more informed decisions.
The program assisted in the development of a forward-thinking digital platform by making it easier for users to accomplish their goals.
It improves the competitiveness of a company's financial, marketing, procurement, and supply chain processes, among many others, in today's volatile market.
