What users are saying about
196 Ratings
38 Ratings
196 Ratings
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Score 7.8 out of 100
38 Ratings
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Score 8.3 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

CCH Tagetik

CCH Tagetik is great for pulling together financial data for the purposes of budgeting, planning, and forecasting. I think it will likely have other uses in our organization as well as we become more familiar with it and adept at using it.
Anonymous | TrustRadius Reviewer

Feature Rating Comparison

BI Standard Reporting

Oracle Hyperion
7.4
CCH Tagetik
9.0
Pixel Perfect reports
Oracle Hyperion
7.2
CCH Tagetik
Customizable dashboards
Oracle Hyperion
7.1
CCH Tagetik
Report Formatting Templates
Oracle Hyperion
7.8
CCH Tagetik
9.0

Ad-hoc Reporting

Oracle Hyperion
7.6
CCH Tagetik
7.8
Drill-down analysis
Oracle Hyperion
8.3
CCH Tagetik
8.0
Formatting capabilities
Oracle Hyperion
7.7
CCH Tagetik
8.0
Integration with R or other statistical packages
Oracle Hyperion
7.3
CCH Tagetik
7.0
Report sharing and collaboration
Oracle Hyperion
7.0
CCH Tagetik
8.0

Report Output and Scheduling

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

Data Discovery and Visualization

Oracle Hyperion
7.1
CCH Tagetik
8.5
Pre-built visualization formats (heatmaps, scatter plots etc.)
Oracle Hyperion
6.9
CCH Tagetik
8.0
Location Analytics / Geographic Visualization
Oracle Hyperion
7.3
CCH Tagetik
Predictive Analytics
Oracle Hyperion
7.2
CCH Tagetik
9.0

Access Control and Security

Oracle Hyperion
7.3
CCH Tagetik
9.0
Multi-User Support (named login)
Oracle Hyperion
7.3
CCH Tagetik
9.0
Role-Based Security Model
Oracle Hyperion
6.6
CCH Tagetik
9.0
Multiple Access Permission Levels (Create, Read, Delete)
Oracle Hyperion
7.4
CCH Tagetik
9.0
Single Sign-On (SSO)
Oracle Hyperion
7.9
CCH Tagetik

Mobile Capabilities

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

Budgeting, Planning, and Forecasting

Oracle Hyperion
8.2
CCH Tagetik
8.4
Long-term financial planning
Oracle Hyperion
8.4
CCH Tagetik
8.4
Financial budgeting
Oracle Hyperion
8.5
CCH Tagetik
7.7
Forecasting
Oracle Hyperion
8.2
CCH Tagetik
8.4
Scenario modeling
Oracle Hyperion
7.5
CCH Tagetik
8.4
Management reporting
Oracle Hyperion
8.5
CCH Tagetik
9.1

Consolidation and Close

Oracle Hyperion
7.8
CCH Tagetik
8.7
Financial data consolidation
Oracle Hyperion
8.3
CCH Tagetik
9.0
Journal entries and reports
Oracle Hyperion
7.9
CCH Tagetik
9.0
Multi-currency management
Oracle Hyperion
8.2
CCH Tagetik
9.4
Intercompany Eliminations
Oracle Hyperion
7.7
CCH Tagetik
8.3
Minority Ownership
Oracle Hyperion
7.4
CCH Tagetik
8.1
Local and consolidated reporting
Oracle Hyperion
7.8
CCH Tagetik
9.0
Detailed Audit Trails
Oracle Hyperion
7.6
CCH Tagetik
8.1

Financial Reporting and Compliance

Oracle Hyperion
8.2
CCH Tagetik
9.0
Financial Statement Reporting
Oracle Hyperion
8.5
CCH Tagetik
9.2
Management Reporting
Oracle Hyperion
8.4
CCH Tagetik
9.2
Excel-based Reporting
Oracle Hyperion
8.9
CCH Tagetik
9.2
Automated board and financial reporting
Oracle Hyperion
7.7
CCH Tagetik
9.2
XBRL support for regulatory filing
Oracle Hyperion
7.5
CCH Tagetik
8.4

Analytics

Oracle Hyperion
7.5
CCH Tagetik
8.4
Personalized dashboards
Oracle Hyperion
8.0
CCH Tagetik
9.6
Color-coded scorecards
Oracle Hyperion
7.3
CCH Tagetik
8.4
KPIs
Oracle Hyperion
7.4
CCH Tagetik
8.4
Cost and profitability analysis
Oracle Hyperion
7.8
CCH Tagetik
8.4
Key Performance Indicator setting
Oracle Hyperion
7.2
CCH Tagetik
7.6
Benchmarking with external data
Oracle Hyperion
7.4
CCH Tagetik
7.8

Integration

Oracle Hyperion
8.0
CCH Tagetik
8.0
Flat file integration
Oracle Hyperion
8.2
CCH Tagetik
8.4
Excel data integration
Oracle Hyperion
8.5
CCH Tagetik
9.2
Direct links to 3rd-party data sources
Oracle Hyperion
7.3
CCH Tagetik
6.4

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

CCH Tagetik

  • Tagetik is extremely flexible and customizable to your business needs.
  • It creates financial statement reports extremely fast and gives us the ability to slice and dice financial metrics in more ways than you can imagine.
  • I see Tagetik as a long term business partner to help us solve problems.
  • A solid implementation team and process.
Susan Heffern | 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

CCH Tagetik

  • The Tagetik code is not easy to manage and to explore. You need an IT specialist if you want to change some features or functionalities otherwise you need Tagetik support.
  • It is not easy to manage data of different periods. There is significant room to improve this.
  • More functionality to integrate Tagetik APM and CPM.
Cesare Schiarea | 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

CCH Tagetik

CCH Tagetik 6.9
Based on 6 answers
Based on our business requirements, its current implementation and way of use (in terms of the efficiceny) it's more than certain that we will renew our contract with Tagetik. Tagetik increased our efficiency regarding reporting and provides more features which made it easier to take decisions.Besides of that, it provided he best solutions for reporting according to the Solvency II standards. Since this is still the case, it is also a reason to stay with Tagetik.
Arshak Shamoun | TrustRadius Reviewer

Usability

Oracle Hyperion

No score
No answers yet
No answers on this topic

CCH Tagetik

CCH Tagetik 6.5
Based on 3 answers
Tagetik has a complex engine which could be easily managed by a web-based interface and an Excel .net macro which allows a quick learning of the application's main functions. Even everyday system maintenance is very easy to manage too, once you understand the underlying consolidation model. In wider terms, once you made the first configuration and you feed the data model, many annoying routines could be easily automated, with a great gain in terms of time spent on application maintenance.
Alessandro MANTINI | TrustRadius Reviewer

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

CCH Tagetik

CCH Tagetik 10.0
Based on 5 answers
I have had the pleasure of attending some courses at the dutch offices of CCH Tagetik. These were very educational with excellent trainers, a very enjoyable accomodation and they helped me a lot with regards to starting to use CCH Tagetik.
Hugo Bongers | TrustRadius Reviewer

Implementation Rating

Oracle Hyperion

No score
No answers yet
No answers on this topic

CCH Tagetik

CCH Tagetik 6.4
Based on 2 answers
We had some change management issues that are still unresolved, but they were not caused by the application itself. As any other innovative and performing application CCH Tagetik requires a strong change of your actual mindset in order to achieve the requested results.
Alessandro MANTINI | 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

CCH Tagetik

I found the Excel piece of IBM Cognos TM1 to be easier to use than Tagetik. It was much easier to customize the data being pulled and the feel of the reports because of that. Other than that, Tagetik has been more user friendly than IBM Cognos TM1. Navigating within the application is much easier. IBM Cognos TM1 had a lot of issues with certain modules that could not be open concurrently; this would often lead to phantom data being entered in the system. I have not had these issues with Tagetik
Daniel Rizzo | 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

CCH Tagetik

  • With the elimination of the need to distribute and collect budget worksheets and verify the calculations, Tagetik has allowed our limited financial staff more time to do analysis while creating the budget.
  • It is hard to put a return on investment on Tagetik. The price paid for the product has more than paid for itself in my opinion. However in our case, we have not directly attributed any reduction in cost or increased revenue to the product. It has allowed the finance staff to produce and analyze many new reports which has increased our productivity and value to the organization.
John Torley | TrustRadius Reviewer

Pricing Details

Oracle Hyperion

General

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

CCH Tagetik

General

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

Rating Summary

Likelihood to Recommend

Oracle Hyperion
7.8
CCH Tagetik
8.4

Likelihood to Renew

Oracle Hyperion
5.0
CCH Tagetik
6.9

Usability

Oracle Hyperion
CCH Tagetik
6.5

Support Rating

Oracle Hyperion
8.0
CCH Tagetik
10.0

Implementation Rating

Oracle Hyperion
CCH Tagetik
6.4

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