What users are saying about
196 Ratings
16 Ratings
196 Ratings
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Score 7.8 out of 100
16 Ratings
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Score 8.8 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

Wdesk

Wdesk is great for companies in which several employees or departments touch filing data simultaneously. If you want to have one set of data for your 10-Qs, 10-Ks, press releases, and proxy statements, and you want your Reporting, Legal, HR, and Internal Relations teams to be able to access all of it at the same time, Wdesk is a GREAT product. To maximize the program's capabilities, you'll want to take advantage of the linking functionality with your source data (that's what we're ensuring is happening in the periods between our filings). If you're in a company that only has one or two people on your reporting team, and those employees don't have the time to properly set up links using the source data, this program could be overwhelming.
Erin Crossland | TrustRadius Reviewer

Feature Rating Comparison

BI Standard Reporting

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

Ad-hoc Reporting

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

Report Output and Scheduling

Oracle Hyperion
6.8
Wdesk
Publish to Web
Oracle Hyperion
6.4
Wdesk
Publish to PDF
Oracle Hyperion
6.5
Wdesk
Report Versioning
Oracle Hyperion
7.1
Wdesk
Report Delivery Scheduling
Oracle Hyperion
7.4
Wdesk

Data Discovery and Visualization

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

Access Control and Security

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

Mobile Capabilities

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

Budgeting, Planning, and Forecasting

Oracle Hyperion
8.2
Wdesk
Long-term financial planning
Oracle Hyperion
8.4
Wdesk
Financial budgeting
Oracle Hyperion
8.5
Wdesk
Forecasting
Oracle Hyperion
8.2
Wdesk
Scenario modeling
Oracle Hyperion
7.5
Wdesk
Management reporting
Oracle Hyperion
8.5
Wdesk

Consolidation and Close

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

Financial Reporting and Compliance

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

Analytics

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

Integration

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

Governance, Risk & Compliance

Oracle Hyperion
Wdesk
9.0
Common repository of GRC items
Oracle Hyperion
Wdesk
9.0
Risk management
Oracle Hyperion
Wdesk
9.0
Integration with Corporate Performance Management (CPM) systems
Oracle Hyperion
Wdesk
9.0
GRC policy management
Oracle Hyperion
Wdesk
9.0
Incident management
Oracle Hyperion
Wdesk
9.0

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

Wdesk

  • Incredible support from Workiva and always bringing news and improving the product through community feedback.
  • I think the product is easy to use, has a friendly interface and we feel safe to use it.
  • Quick business vision and improved decision making with the help of software with real-time reports.
  • Exceptional support service, very fast and they help you with everything you need and are super helpful.
Maria Luis Ribeiro | 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

Wdesk

  • Limitations to spreadsheet formulas
  • Basic design (User Interface)
  • Works slow sometimes
  • Lacks few creative options
  • Excel formulas are limited to an extent
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

Wdesk

No score
No answers yet
No answers on this topic

Usability

Oracle Hyperion

No score
No answers yet
No answers on this topic

Wdesk

Wdesk 9.0
Based on 3 answers
Once implemented, it is a great tool that allows for improved efficiency, eliminating the need for having your accountants act as full-time format experts. We used to roll forward financial statements and quarterly reports manually from quarter to quarter, and if there were ever any changes that led to a text box going to the next page, it would take hours overtime just getting it back to normal, and Wdesk accounts for those changes and automatically adjusts for us.
Anonymous | 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

Wdesk

Wdesk 9.7
Based on 3 answers
I would rate it 9 because their quality of support has been good by far. I haven't faced any issues when I've contacted their customer support.
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

Wdesk

We moved from a third party filer to doing it in house. Have seen demos of products like Active Disclosure, which has come a long way from the beta version I saw and but we are not too far gone with Wdesk for us to evaluate other products.When we first signed up with Webfilings, (former name of Workiva), there were no viable products in the market. I had seen an Oracle product and a beta version of Active Disclosure. It was not hard to see the ease and intuitive-screens, to guide one through the filing process. The excel-like spreadsheets were an added bonus.
Sandhya Chakrapani | 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

Wdesk

  • We spend less than we used to with a traditional printer.
  • We have been able to do turn-on-a-dime equity offerings with last minute changes and still file on time.
  • Inviting external legal into the platform has helped with communication but we actually suspect they spend MORE time (and billing) on our documents than they used to just simply because it's so easy to get at them anytime they want.
Anonymous | TrustRadius Reviewer

Pricing Details

Oracle Hyperion

General

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

Wdesk

General

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

Rating Summary

Likelihood to Recommend

Oracle Hyperion
7.8
Wdesk
8.7

Likelihood to Renew

Oracle Hyperion
5.0
Wdesk

Usability

Oracle Hyperion
Wdesk
9.0

Support Rating

Oracle Hyperion
8.0
Wdesk
9.7

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