What users are saying about
188 Ratings
24 Ratings
188 Ratings
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Score 7.8 out of 101
24 Ratings
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Score 8.8 out of 101

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.
No photo available

Vena Solutions

Vena Solutions is well suited for multi-faceted and complicated budgets. We love the fact that we can perform the same complex calculations required for our budgeting process in a familiar format/syntax (Excel) but not suffer linkage issues we had grown accustomed to in the pre-Vena days.
Jay Scheumack profile photo

Feature Rating Comparison

BI Standard Reporting

Oracle Hyperion
7.6
Vena Solutions
10.0
Pixel Perfect reports
Oracle Hyperion
7.5
Vena Solutions
Customizable dashboards
Oracle Hyperion
7.4
Vena Solutions
10.0
Report Formatting Templates
Oracle Hyperion
8.0
Vena Solutions
10.0

Ad-hoc Reporting

Oracle Hyperion
7.9
Vena Solutions
10.0
Drill-down analysis
Oracle Hyperion
8.4
Vena Solutions
10.0
Formatting capabilities
Oracle Hyperion
8.0
Vena Solutions
10.0
Integration with R or other statistical packages
Oracle Hyperion
7.7
Vena Solutions
Report sharing and collaboration
Oracle Hyperion
7.7
Vena Solutions
10.0

Report Output and Scheduling

Oracle Hyperion
7.2
Vena Solutions
10.0
Publish to Web
Oracle Hyperion
7.2
Vena Solutions
Publish to PDF
Oracle Hyperion
6.8
Vena Solutions
10.0
Report Versioning
Oracle Hyperion
7.2
Vena Solutions
10.0
Report Delivery Scheduling
Oracle Hyperion
7.5
Vena Solutions
10.0

Data Discovery and Visualization

Oracle Hyperion
7.2
Vena Solutions
10.0
Pre-built visualization formats (heatmaps, scatter plots etc.)
Oracle Hyperion
7.0
Vena Solutions
10.0
Location Analytics / Geographic Visualization
Oracle Hyperion
7.3
Vena Solutions
Predictive Analytics
Oracle Hyperion
7.3
Vena Solutions

Access Control and Security

Oracle Hyperion
7.2
Vena Solutions
10.0
Multi-User Support (named login)
Oracle Hyperion
7.3
Vena Solutions
10.0
Role-Based Security Model
Oracle Hyperion
6.8
Vena Solutions
10.0
Multiple Access Permission Levels (Create, Read, Delete)
Oracle Hyperion
7.3
Vena Solutions
10.0
Single Sign-On (SSO)
Oracle Hyperion
7.4
Vena Solutions

Mobile Capabilities

Oracle Hyperion
5.6
Vena Solutions
Responsive Design for Web Access
Oracle Hyperion
6.5
Vena Solutions
Dedicated iOS Application
Oracle Hyperion
5.0
Vena Solutions
Dedicated Android Application
Oracle Hyperion
5.0
Vena Solutions
Dashboard / Report / Visualization Interactivity on Mobile
Oracle Hyperion
6.0
Vena Solutions

Budgeting, Planning, and Forecasting

Oracle Hyperion
8.1
Vena Solutions
8.8
Long-term financial planning
Oracle Hyperion
8.4
Vena Solutions
9.0
Financial budgeting
Oracle Hyperion
8.2
Vena Solutions
9.5
Forecasting
Oracle Hyperion
8.1
Vena Solutions
8.5
Scenario modeling
Oracle Hyperion
7.3
Vena Solutions
8.8
Management reporting
Oracle Hyperion
8.3
Vena Solutions
8.1

Consolidation and Close

Oracle Hyperion
7.8
Vena Solutions
9.1
Financial data consolidation
Oracle Hyperion
8.2
Vena Solutions
9.6
Journal entries and reports
Oracle Hyperion
7.7
Vena Solutions
9.1
Multi-currency management
Oracle Hyperion
7.9
Vena Solutions
9.6
Intercompany Eliminations
Oracle Hyperion
7.9
Vena Solutions
6.7
Minority Ownership
Oracle Hyperion
7.5
Vena Solutions
9.1
Local and consolidated reporting
Oracle Hyperion
7.8
Vena Solutions
9.7
Detailed Audit Trails
Oracle Hyperion
7.4
Vena Solutions
9.7

FInancial Reporting and Compliance

Oracle Hyperion
8.1
Vena Solutions
9.0
Financial Statement Reporting
Oracle Hyperion
8.3
Vena Solutions
9.6
Management Reporting
Oracle Hyperion
7.8
Vena Solutions
8.8
Excel-based Reporting
Oracle Hyperion
8.7
Vena Solutions
9.6
Automated board and financial reporting
Oracle Hyperion
8.0
Vena Solutions
8.1
XBRL support for regulatory filing
Oracle Hyperion
7.8
Vena Solutions

Analytics

Oracle Hyperion
7.8
Vena Solutions
7.4
Personalized dashboards
Oracle Hyperion
8.4
Vena Solutions
7.2
Color-coded scorecards
Oracle Hyperion
8.1
Vena Solutions
6.2
KPIs
Oracle Hyperion
7.7
Vena Solutions
6.5
Cost and profitability analysis
Oracle Hyperion
7.8
Vena Solutions
9.6
Key Performance Indicator setting
Oracle Hyperion
7.3
Vena Solutions
6.5
Benchmarking with external data
Oracle Hyperion
7.3
Vena Solutions
8.5

Integration

Oracle Hyperion
7.9
Vena Solutions
9.6
Flat file integration
Oracle Hyperion
8.2
Vena Solutions
9.4
Excel data integration
Oracle Hyperion
8.3
Vena Solutions
9.7
Direct links to 3rd-party data sources
Oracle Hyperion
7.3
Vena Solutions
9.6

Pros

Oracle Hyperion

  • Global financial consolidation and reporting for management
  • Global treasury exposure reporting for hedging and currency exposure reviews
  • Legal consolidation
  • Manufacturing plants consolidation and reporting
No photo available

Vena Solutions

  • Vena's strength is allowing the use of all features and functionality in Excel while also providing workflow and approval processes that can be managed on a department by department basis.
  • Having the database with saved data behind the Excel interface allow for consolidation of data and reporting at multiple organizational levels, along with providing the flexibility needed to build reports exactly as needed for each financial process.
  • Intuitive and powerful workflow functionality allows us to pre-determine our distribution cycle for spreadsheets including managing the review process, which also captures full auditing. As administrators, we can view the status of each department's work and the point at which each is in the workflow using the easily navigated management tools.
  • Version and change control of spreadsheets allows us to track changes made to spreadsheets from one year to the next as new requirements surface.
  • End users who have been accustomed to using Excel for budgeting and other processes required very little training, and we were able to enhance our previous blank Excel templates with pre-filled data for actuals, prior year budgets and personnel budgets. This allows department managers to focus on creating an accurate budget rather than spending time doing data entry and off-system analysis (which they often don't do). Users commented that implementing Vena was the best implementation we've had.
  • Customer support is great and very responsive! The training consultants are also very knowledgeable in Excel functions and provide ways to enhance templates and reporting by providing a combination of Vena and Excel solutions.
  • Vena Solutions provides users with extended Excel functionality and flexibility, especially for spreadsheet-driven processes. Vena can store a wide variety of data, allowing us to use Vena for financial processes, reporting, operations planning and human resource planning.
Lori Lambert profile photo

Cons

Oracle Hyperion

  • Visual graphical reporting
  • Ability for 3rd party reporting tools connecting to Essbase database
  • get rid of complexity of having different components involved in Hyperion workspace environment connected to different suite of products involved in multiple components
Ravi Volimineni profile photo

Vena Solutions

  • Option to indicate to a manager when a template is open by contributor (or block save for a manager, if a contributor has it open). Currently, simultaneous access by two contributors is restricted, because until the file is checked in by one, edits by the other will not be possible. However, a manager can open the template that is already open by a contributor and modify it at the same time. This may lead to save conflicts and unwanted changes. It would be nice to have some sort of an indication for a manager that the template is being used by a contributor (and vice versa, too – that way a contributor would know to contact the manager if he/she is opening the template that is currently open in the manager’s view)
  • Option to add/remove users to processes that are currently active, to grant on-the-fly permission to view current tasks – i.e., it would be nice to modify access irrespective of the process status. My understanding is that this option has already been implemented in later Cloud versions (our company is currently using OnSite version).
  • When tracing mapped data – ability to focus on the source cell, as opposed to just highlighting it (currently the cell is being highlighted, but it can be in any of the worksheets in the source file and needs to be manually located).
Teymur Mammadov, CPA, CA, FCCA (UK) profile photo

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 profile photo

Vena Solutions

Vena Solutions 9.1
Based on 1 answer
We have been extremely satisfied with the Vena Solutions product and have been able to become more efficient in our budgeting, forecasting and salary planning processes, as well as adding functionality and accuracy that was not possible in the past. Administrators no longer have to keep track manually of each department's budgeted net, but can use a report created in Vena to report this information, as well as see which departments have not yet submitted information. Customer service has always been very responsive as well
Lori Lambert profile photo

Usability

Oracle Hyperion

No score
No answers yet
No answers on this topic

Vena Solutions

Vena Solutions 9.1
Based on 1 answer
One is only limited by their knowledge of Excel functions and basic understanding of database management. One does not need to know VBA, VB, C++ or even SQL.
Megan Bladen-Blinkoff profile photo

Support

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.
No photo available

Vena Solutions

Vena Solutions 8.2
Based on 1 answer
Customer support has been very prompt for both bug fixes and data loading. Enhancement requests have taken a bit longer to implement, but are within what we would consider a normal time frame compared to other software we use. I rarely have to wait long for an issue to be resolved
Lori Lambert profile photo

Implementation

Oracle Hyperion

No score
No answers yet
No answers on this topic

Vena Solutions

Vena Solutions 9.1
Based on 1 answer
The Vena consultant had great knowledge of both the Vena solution and Excel and Excel functions. He was able to help suggest ways to build our templates that met our requirements using Excel functions we had not previously considered using. And we have been able to use the Excel information he provided in other ways outside of Vena. He was very patient and flexible as we learned the Vena tool and created templates
Lori Lambert profile photo

Alternatives Considered

Oracle Hyperion

Oracle has led the charge on the development of true EPM reporting. The development of rudimentary KPIs to much more complex models all can be housed and managed by Hyperion. Integrates with Office through Smartview, which provides flexibility in creating Word documents, board presentation and updating them quickly and easily. Ad hoc reporting is also made easier in excel and it assists in automating repetitive tasks.
Vishal Shivdasani profile photo

Vena Solutions

All of the products we reviewed essentially re-create an Excel template in a browser, but without all the functionality that Excel provides. The solutions we reviewed require formula syntax to be learned as the syntax is different than Excel formulas. Some of the solutions didn't have enough depth to the data model to accommodate our chart of accounts. Vena provides more flexibility in creating data collection templates, and we believe had greater end user acceptance than other solutions would have had. We use IBM Cognos for financial reporting, but the learning curve on creating reports and powerfully using this tool is significantly higher than with Vena
Lori Lambert profile photo

Return on Investment

Oracle Hyperion

  • Oracle Hyperion Enterprise Performance Management has a very slow ROI
  • Hyperion EPM is very costly on software and hardware sides
  • Learning curve is very steep if the BU doesn't understand multidimensional sets.
No photo available

Vena Solutions

  • We shortened the month-end close time by about 50%.
  • We were able to incorporate more processes than what we originally started with, which, in addition to time savings, ensured error-free reporting and seamless integration of various sub-processes (in the end - resulting in higher-quality deliverables).
  • The ability to maintain and analyze the Audit Trail significantly shortened the analysis of changes and error-checking.
Teymur Mammadov, CPA, CA, FCCA (UK) profile photo

Screenshots

Pricing Details

Oracle Hyperion

General

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

Vena Solutions

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
Optional
$0*

* per user

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