Oracle's Corporate Performance Management suite was acquired from Hyperion in 2007. Hyperion customers are encouraged to migrate to Oracle Fusion Cloud EPM.
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Prophix
Score 8.6 out of 10
Enterprise companies (1,001+ employees)
Prophix One, a Financial Performance Platform, is used to improve the speed and accuracy of decision-making within a harmonized user experience. To reduce complexity and uncertainty, the software offers automated insights and planning, budgeting, forecasting, reporting, and consolidation functionalities.
Several years ago our organization evaluated Hyperion and another competitor to Prophix. After several months of due diligence we came to the following conclusions.
1) The implementation and administrative costs of Hyperion were off the charts and much to excessive for an …
Prior to implementing Prophix, Myriad used Hyperion for financial reporting and Excel for budgeting, forecasting and international consolidation. As our organization grew and our processes became more complicated we were interested in a single tool that could balance our …
Verified User
Director
Chose Prophix
We selected Prophix over Hyperion due to following: 1.) Price of implementation and ongoing costs - Prophix was significantly lower in initial setup and ongoing expenses 2.) Ease of use - Prophix can be maintained by the Finance Organization without significant support from IT
Other parts of our company have used Hyperion. I have not used it but only seen it in action. From what I can tell, Prophix is a more user-friendly software and better for the base users who may not all be full accountants using the system along with us.
I haven't used Hyperion nearly as much as Prophix, but the main difference I noticed right away is the intuitive nature by which you build ad-hoc data view reports in Prophix. With Hyperion, there is a syntax that you need to know in order to build a data view. With Prophix, …
Way less expensive with sufficient functionality. Prophix doesn't have all the bells and whistles but you also don't need a dedicated IT resource or developer to run Prophix. For a mid tier organization, in my opinion, Hyperion could be overpowered. Prophix can be easily …
I used Hyperion Financial Management at my last company. Different situation as that was a larger global organization that had been on HFM for years. Prophix is much easier to configure and implement within a smaller organization. HFM may be the gold standard in financial …
I was not involved in the selection process, but I will say that Prophix is 100% easier to use than Hyperion and Cognos. It is very user friendly for those finance users who do not have a SQL background.
I didn't select Prophix for our company, but it does some things very well. It is way easier to set up and maintain than Hyperion and BPC, which require ongoing support from our IT department. Prophix only requires us to involve IT when we need to map new external data or …
The learning curve to understanding Prophix is far less severe than it has been with other softwares. It requires much less time in order to learn how to be a beginning user and then each progression to deeper levels of understanding is remarkably easy. I appreciate the …
The price was one of the biggest thing that had us looking at Prophix. Also how customized it could be with us. Prophix was willing to work with us as a partner and not just have us take their out of the box product, but actually create our own with them.
We chose Prophix based on the desire to make a paradigm shift away from Excel and towards a more fully-featured web-based SaaS solution that would still allow for the utilization of Excel where it made sense. Prophix does this through an Excel add-on, while more comprehensive …
Initial presentation was effective at showing how prophix could be used to solve our problems. It was also a cost effective solution. Prophix handles the planning and forecasting process along with the financial reporting. Most BI modules or add-ons are good at allowing …
Hyperion was cost prohibitive for a company our size, and was eliminated early in the process. We evaluated Budget Maestro and Adaptive Planning prior to purchasing Prophix, but decided on Prophix due to combination of lowest cost to implement/maintain, most intuitive …
Verified User
C-Level Executive
Chose Prophix
We also considered Hyperion but the cost and implementation complexities pushed us to Prophix.
Compared to Host Analytics and Adaptive, Prophix provides more value for the dollar, especially when we deploy multiple models. Solution set is also comparably built out, so we are not missing any critical functionality. Self-maintenance by finance is also comparable to Host …
Prophix modeling is more flexible and customer support is more responsive. End users are empowered with ease of functionality that is lacking in the bigger brands. Design is more attentive to user feedback.
These products did not provide comparable applications and functionality for the cost. Their cost either greatly exceeded Prophix and the functionality did not justify the cost difference or the functionality did not compare. For the most expensive option, the enormous IT …