What users are saying about
196 Ratings
14 Ratings
196 Ratings
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Score 7.8 out of 100
14 Ratings
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Score 4.9 out of 100

Likelihood to Recommend

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

Synoptix

It is excellent if set up well, and users are well trained on how to use it as it is not very user-friendly. But to achieve that, you have to go through the hell of a setup. Support is not knowledgeable in some areas of the software, it is tough to set up and install, and when presented by salespeople, it is all great, but you need to invest a lot to pay it off.
Anonymous | TrustRadius Reviewer

Feature Rating Comparison

BI Standard Reporting

Oracle Hyperion
7.4
Synoptix
Pixel Perfect reports
Oracle Hyperion
7.2
Synoptix
Customizable dashboards
Oracle Hyperion
7.1
Synoptix
Report Formatting Templates
Oracle Hyperion
7.8
Synoptix

Ad-hoc Reporting

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

Report Output and Scheduling

Oracle Hyperion
6.8
Synoptix
7.7
Publish to Web
Oracle Hyperion
6.4
Synoptix
8.0
Publish to PDF
Oracle Hyperion
6.5
Synoptix
8.0
Report Versioning
Oracle Hyperion
7.1
Synoptix
Report Delivery Scheduling
Oracle Hyperion
7.4
Synoptix
7.0

Data Discovery and Visualization

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

Access Control and Security

Oracle Hyperion
7.3
Synoptix
6.0
Multi-User Support (named login)
Oracle Hyperion
7.3
Synoptix
7.0
Role-Based Security Model
Oracle Hyperion
6.6
Synoptix
8.0
Multiple Access Permission Levels (Create, Read, Delete)
Oracle Hyperion
7.4
Synoptix
8.0
Single Sign-On (SSO)
Oracle Hyperion
7.9
Synoptix
1.0

Mobile Capabilities

Oracle Hyperion
5.6
Synoptix
1.0
Responsive Design for Web Access
Oracle Hyperion
6.1
Synoptix
1.0
Dedicated iOS Application
Oracle Hyperion
5.0
Synoptix
Dedicated Android Application
Oracle Hyperion
5.0
Synoptix
Dashboard / Report / Visualization Interactivity on Mobile
Oracle Hyperion
6.2
Synoptix

Budgeting, Planning, and Forecasting

Oracle Hyperion
8.2
Synoptix
6.0
Long-term financial planning
Oracle Hyperion
8.4
Synoptix
5.0
Financial budgeting
Oracle Hyperion
8.5
Synoptix
5.0
Forecasting
Oracle Hyperion
8.2
Synoptix
Scenario modeling
Oracle Hyperion
7.5
Synoptix
Management reporting
Oracle Hyperion
8.5
Synoptix
8.0

Consolidation and Close

Oracle Hyperion
7.8
Synoptix
7.0
Financial data consolidation
Oracle Hyperion
8.3
Synoptix
7.0
Journal entries and reports
Oracle Hyperion
7.9
Synoptix
Multi-currency management
Oracle Hyperion
8.2
Synoptix
Intercompany Eliminations
Oracle Hyperion
7.7
Synoptix
Minority Ownership
Oracle Hyperion
7.4
Synoptix
7.0
Local and consolidated reporting
Oracle Hyperion
7.8
Synoptix
Detailed Audit Trails
Oracle Hyperion
7.6
Synoptix

Financial Reporting and Compliance

Oracle Hyperion
8.2
Synoptix
6.8
Financial Statement Reporting
Oracle Hyperion
8.5
Synoptix
7.0
Management Reporting
Oracle Hyperion
8.4
Synoptix
7.0
Excel-based Reporting
Oracle Hyperion
8.9
Synoptix
7.0
Automated board and financial reporting
Oracle Hyperion
7.7
Synoptix
6.0
XBRL support for regulatory filing
Oracle Hyperion
7.5
Synoptix

Analytics

Oracle Hyperion
7.5
Synoptix
3.0
Personalized dashboards
Oracle Hyperion
8.0
Synoptix
3.0
Color-coded scorecards
Oracle Hyperion
7.3
Synoptix
KPIs
Oracle Hyperion
7.4
Synoptix
Cost and profitability analysis
Oracle Hyperion
7.8
Synoptix
Key Performance Indicator setting
Oracle Hyperion
7.2
Synoptix
Benchmarking with external data
Oracle Hyperion
7.4
Synoptix

Integration

Oracle Hyperion
8.0
Synoptix
3.0
Flat file integration
Oracle Hyperion
8.2
Synoptix
Excel data integration
Oracle Hyperion
8.5
Synoptix
Direct links to 3rd-party data sources
Oracle Hyperion
7.3
Synoptix
3.0

Pros

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

Synoptix

  • Easy report building interface with an query interface that allows financial users the ability to conduct complex queries without difficulty.
  • The ability to create reporting that allows us to review in-depth financial review by drilling down into accounts to find transnational data easily.
  • Easily maintained and monitored with simple upgrade installations and end point installation.
  • Great knowledge base for review and trouble-shooting.
  • Highly knowledgeable and easy to work with staff.
Logan Morris | TrustRadius Reviewer

Cons

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

Synoptix

  • It has a poor install procedure which is not standard. It almost requires copying folders from an existing computer to the new install.
  • The update process is less than desirable. It seems like Compusoft needs to do a better job of testing before releasing updates.
  • The interface is a bit archaic. It looks more like a program from 20 years ago than one used today.
Tracy Burton | TrustRadius Reviewer

Likelihood to Renew

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

Synoptix

No score
No answers yet
No answers on this topic

Support Rating

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

Synoptix

Synoptix 1.0
Based on 2 answers
Support does not know much about software solutions. As an example, I have struggled for weeks just to set up LDAP that should be fairly simple.
Anonymous | TrustRadius Reviewer

Alternatives Considered

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

Synoptix

Prior to Synoptix we were using the reporting tool that comes with our ERP system. It lacked the drilldown and comparability functions that make Synoptix the top pick. Further, designing reports and maintaining reports was very labor intensive
Traci Hemmerlin  CPA | TrustRadius Reviewer

Return on Investment

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

Synoptix

  • As a reporting tool it has allowed us to make fact based decisions. We have a significant annual cost with relation to our legacy system and Synoptix provides us with the best tool to mine the data that resides in our legacy system.
Jake Friel | TrustRadius Reviewer

Pricing Details

Oracle Hyperion

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

Synoptix

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
Optional

Rating Summary

Likelihood to Recommend

Oracle Hyperion
7.8
Synoptix
3.7

Likelihood to Renew

Oracle Hyperion
5.0
Synoptix

Support Rating

Oracle Hyperion
8.0
Synoptix
1.0

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