What users are saying about
202 Ratings
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150 Ratings
202 Ratings
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Score 7.7 out of 100

Vena Solutions

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150 Ratings
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Score 8.1 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

Vena Solutions

Any organization that has the same P&L for multiple business units would benefit greatly! Franchises, etc are a perfect fit.Any organization that has multiple shadow systems in Excel can all be brought together in Vena.Hotel management would be a great fit!Reits and other infrastructure companies would be a great fit!
Darrell Rooney | TrustRadius Reviewer

Feature Rating Comparison

BI Standard Reporting

Oracle Hyperion
7.2
Vena Solutions
8.1
Pixel Perfect reports
Oracle Hyperion
7.0
Vena Solutions
8.3
Customizable dashboards
Oracle Hyperion
6.7
Vena Solutions
7.8
Report Formatting Templates
Oracle Hyperion
7.7
Vena Solutions
8.1

Ad-hoc Reporting

Oracle Hyperion
7.4
Vena Solutions
8.3
Drill-down analysis
Oracle Hyperion
8.3
Vena Solutions
8.6
Formatting capabilities
Oracle Hyperion
7.6
Vena Solutions
7.8
Integration with R or other statistical packages
Oracle Hyperion
7.1
Vena Solutions
8.3
Report sharing and collaboration
Oracle Hyperion
6.6
Vena Solutions
8.4

Report Output and Scheduling

Oracle Hyperion
6.6
Vena Solutions
8.4
Publish to Web
Oracle Hyperion
5.9
Vena Solutions
7.8
Publish to PDF
Oracle Hyperion
6.0
Vena Solutions
7.8
Report Versioning
Oracle Hyperion
7.0
Vena Solutions
8.9
Report Delivery Scheduling
Oracle Hyperion
7.3
Vena Solutions
9.1

Data Discovery and Visualization

Oracle Hyperion
7.1
Vena Solutions
8.0
Pre-built visualization formats (heatmaps, scatter plots etc.)
Oracle Hyperion
6.9
Vena Solutions
7.9
Location Analytics / Geographic Visualization
Oracle Hyperion
7.2
Vena Solutions
7.8
Predictive Analytics
Oracle Hyperion
7.1
Vena Solutions
8.3

Access Control and Security

Oracle Hyperion
7.4
Vena Solutions
8.8
Multi-User Support (named login)
Oracle Hyperion
7.3
Vena Solutions
9.1
Role-Based Security Model
Oracle Hyperion
6.5
Vena Solutions
8.7
Multiple Access Permission Levels (Create, Read, Delete)
Oracle Hyperion
7.6
Vena Solutions
9.1
Single Sign-On (SSO)
Oracle Hyperion
8.3
Vena Solutions
8.4

Mobile Capabilities

Oracle Hyperion
5.5
Vena Solutions
8.0
Responsive Design for Web Access
Oracle Hyperion
5.7
Vena Solutions
8.1
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
6.3
Vena Solutions
7.8

Budgeting, Planning, and Forecasting

Oracle Hyperion
8.3
Vena Solutions
8.1
Long-term financial planning
Oracle Hyperion
8.5
Vena Solutions
8.2
Financial budgeting
Oracle Hyperion
8.5
Vena Solutions
8.3
Forecasting
Oracle Hyperion
8.2
Vena Solutions
8.2
Scenario modeling
Oracle Hyperion
7.6
Vena Solutions
7.9
Management reporting
Oracle Hyperion
8.6
Vena Solutions
8.1

Consolidation and Close

Oracle Hyperion
7.9
Vena Solutions
8.1
Financial data consolidation
Oracle Hyperion
8.3
Vena Solutions
8.1
Journal entries and reports
Oracle Hyperion
8.0
Vena Solutions
7.1
Multi-currency management
Oracle Hyperion
8.4
Vena Solutions
7.8
Intercompany Eliminations
Oracle Hyperion
7.6
Vena Solutions
8.4
Minority Ownership
Oracle Hyperion
7.4
Vena Solutions
7.6
Local and consolidated reporting
Oracle Hyperion
7.8
Vena Solutions
9.1
Detailed Audit Trails
Oracle Hyperion
7.7
Vena Solutions
8.6

Financial Reporting and Compliance

Oracle Hyperion
8.2
Vena Solutions
8.7
Financial Statement Reporting
Oracle Hyperion
8.5
Vena Solutions
8.4
Management Reporting
Oracle Hyperion
8.5
Vena Solutions
8.8
Excel-based Reporting
Oracle Hyperion
8.9
Vena Solutions
9.0
Automated board and financial reporting
Oracle Hyperion
7.7
Vena Solutions
9.4
XBRL support for regulatory filing
Oracle Hyperion
7.5
Vena Solutions
7.6

Analytics

Oracle Hyperion
7.4
Vena Solutions
8.8
Personalized dashboards
Oracle Hyperion
7.9
Vena Solutions
8.0
Color-coded scorecards
Oracle Hyperion
7.1
Vena Solutions
8.6
KPIs
Oracle Hyperion
7.2
Vena Solutions
9.5
Cost and profitability analysis
Oracle Hyperion
7.7
Vena Solutions
9.6
Key Performance Indicator setting
Oracle Hyperion
7.2
Vena Solutions
9.1
Benchmarking with external data
Oracle Hyperion
7.5
Vena Solutions
8.0

Integration

Oracle Hyperion
8.1
Vena Solutions
8.1
Flat file integration
Oracle Hyperion
8.3
Vena Solutions
8.8
Excel data integration
Oracle Hyperion
8.6
Vena Solutions
9.3
Direct links to 3rd-party data sources
Oracle Hyperion
7.4
Vena Solutions
6.2

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

Vena Solutions

  • Vena provides all the customizable flexibility and advanced calculation that you can squeeze out of Excel because Excel is used as the front-end. You can tailor the reporting and budget templates to your exact needs and leverage your existing Excel skills.
  • Even though you work in Excel, the data is all controlled by a multi-dimensional cloud database. So your work is safe. Changes are auditable, and nobody has to rely on sharing Excel files between each other and tracking the latest version.
  • Vena's workflow system can be extremely simple if that's what you need. Or you can build some fairly complex process flows for any task.
Aaron Andersen | 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

Vena Solutions

  • The tool uses at least four different query and data manipulation languages, once you get your data to the tool. All of which are proprietary, limited flavors of other languages (such as SQL and MDX).
  • The use of a MongoDB back end has resulted in the ongoing use of floats for numeric data storage. This works fine if you are budgeting at a high level. However, if you are leveraging their transaction-level features, you will see divergence due to the inherent issues of floating point being unable to precisely represent decimal values.
  • There is very little community documentation around the tool, and the documentation provided by the vendor is sparse, poorly written, and often out of date or just plain wrong. This extends to their sample code as well
  • There is currently no direct way to feed data from your source system databases. The primary method is dumping data to flat files and either executing the uploads manually through the web UI or wrapping a java-based CLI with Powershell or windows batch for local execution. There is also a preview of a logic app if you have Azure as part of your infrastructure
Anonymous | 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

Vena Solutions

Vena Solutions 8.1
Based on 9 answers
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 | TrustRadius Reviewer

Usability

Oracle Hyperion

No score
No answers yet
No answers on this topic

Vena Solutions

Vena Solutions 7.3
Based on 16 answers
It is extremely easy to use the software right away because:- it is Excel-based, so there is little to no learning curve for creating templates and reports- the admin of the tool itself is very simple and intuitive (processes, workflows, etc)The downside to that flexibility is the increased risk of human error, which can be mitigated by additional control and check files.
Anonymous | TrustRadius Reviewer

Reliability and Availability

Oracle Hyperion

No score
No answers yet
No answers on this topic

Vena Solutions

Vena Solutions 9.1
Based on 2 answers
Contact with Vena Solutions technical support is quick and experts in the field always respond. It is not necessary to go through a large form to explain the problems and then answer more questions to receive a direct answer, we simply send a message indicating the specific problem and they are immediately there to actively help us
Charlotte Byrne Brown | TrustRadius Reviewer

Performance

Oracle Hyperion

No score
No answers yet
No answers on this topic

Vena Solutions

Vena Solutions 9.1
Based on 2 answers
Vena Solutions pages load quickly and only a few times does it get a bit slow, only when there are many integrations and the reports are long. But in general it is always fast and honestly I am very satisfied with the speed in the generation of statistical reports and the pages
Jeremiah Adrian Howard Ross | 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

Vena Solutions

Vena Solutions 8.7
Based on 90 answers
From initiate setup to going live, Vena's customer representatives and technicians have proven to be responsive and enthusiastic in getting our company up and running. They have been patient with our questions and frustrations and worked to troubleshoot issues that have come up.
Anonymous | TrustRadius Reviewer

In-Person Training

Oracle Hyperion

No answers on this topic

Vena Solutions

The training was all at once. There needed to be more modules that could be broken up over time to allow users to handle their day job and the training
Anonymous | TrustRadius Reviewer

Online Training

Oracle Hyperion

No score
No answers yet
No answers on this topic

Vena Solutions

Vena Solutions 4.5
Based on 1 answer
I would like to see more modules and case study work through of techniques to master to excel within the software package. The current online information is stale and not representative of current software version. It could be much more interactive and informative. Much of the online help articles are stale.
Anonymous | TrustRadius Reviewer

Implementation Rating

Oracle Hyperion

No score
No answers yet
No answers on this topic

Vena Solutions

Vena Solutions 6.4
Based on 4 answers
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 | 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

Vena Solutions

The only tools that are similar are more in the BI realm and Vena provides a much more robust way of interacting with data that the visualization that a BI solution provides. Again, the self-service model of the tool allows for the tool to grow with the individuals of the company, which is an element other tools struggle with.
Avo Koulakian | TrustRadius Reviewer

Scalability

Oracle Hyperion

No score
No answers yet
No answers on this topic

Vena Solutions

Vena Solutions 9.1
Based on 2 answers
Vena solutios is a software that provides robust tools that help different departments in their statistics and we can visualize a lot of promising and visually attractive data. Vena Solutions' level of scalability is high and sustainable over time thanks to the fabulous technical support that is ready to help us at all times
Charlotte Byrne Brown | 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

Vena Solutions

  • From my observation, we did get a return on investment. We have FP&A tool first and foremost.
  • We are dealing with 1 financial system to get data as suppose to several sources from before.
  • For sure, Vena Solutions helped many finance teams domestically within our company with financial reporting.
jamie Luangaphay | TrustRadius Reviewer

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

Rating Summary

Likelihood to Recommend

Oracle Hyperion
7.8
Vena Solutions
8.0

Likelihood to Renew

Oracle Hyperion
5.0
Vena Solutions
8.1

Usability

Oracle Hyperion
Vena Solutions
7.3

Reliability and Availability

Oracle Hyperion
Vena Solutions
9.1

Performance

Oracle Hyperion
Vena Solutions
9.1

Support Rating

Oracle Hyperion
8.0
Vena Solutions
8.7

Online Training

Oracle Hyperion
Vena Solutions
4.5

Implementation Rating

Oracle Hyperion
Vena Solutions
6.4

Scalability

Oracle Hyperion
Vena Solutions
9.1

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