Oracle Hyperion vs. Vena

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Oracle Hyperion
Score 7.2 out of 10
N/A
Oracle's Corporate Performance Management suite was acquired from Hyperion in 2007. Hyperion customers are encouraged to migrate to Oracle Fusion Cloud EPM.N/A
Vena
Score 8.7 out of 10
Mid-Size Companies (51-1,000 employees)
Vena Solutions provides a financial process automation solution to automate Corporate Performance Management, accounting and budgeting, Regulatory & Compliance, and other finance-related processes. It is scaled for medium to large-sized organizations.N/A
Pricing
Oracle HyperionVena
Editions & Modules
No answers on this topic
Professional
N/A
Complete
N/A
Offerings
Pricing Offerings
Oracle HyperionVena
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoYes
Entry-level Setup FeeNo setup feeOptional
Additional DetailsThe Professional Plan is the most flexible way to get started quickly and can be added onto as a company grows. The plan includes: Vena Platform, Customer Success Manager, Standard Support and Customer Portal. Complete Plan includes everything in Professional, plus: Vena Insights, Premium Support, Sandbox Environment, and Expert Managed Services. *Vena offers special pricing for not for profit organizations. To learn more, speak to an expert.
More Pricing Information
Community Pulse
Oracle HyperionVena
Considered Both Products
Oracle Hyperion

No answer on this topic

Vena
Chose Vena
Vena was chosen for its flexibility, capabilities, and current growth. The product is constantly being updated. User management was better. The Excel user interface was a major factor in user adoption. Hyperion seemed to be a new interface to an old product (Oracle).
Chose Vena
In Hyperion, it is easier to create your own scenarios and update ad hoc reports.
Chose Vena
Price, but also felt less limited.
Chose Vena
Tableau is by far the best tool I've used. Vena in comparison is very good but it's missing the master data link to SAP, and the ability of data to refresh when the hierarchies move. It's also lacking standard reports on system set up like basic P&L's, etc. It's also missing …
Chose Vena
I have used products such as Oracle Hyperion and Smartview. There are pros and cons to each (I found report/template creation slightly simpler with Oracle), but they're very similar and achieve the same results.
Chose Vena
Vena allowed for the most customization that made everything easy for us with our complicated system of managing allocations across products and time by employees.
Chose Vena
We went with Vena Solutions because it was able to meet the needs in every way for what we were looking for in a budgeting solution. From an admin perspective, it was very intuitive, but from an end user (contributor) perspective, it was outstanding that we were able to keep …
Chose Vena
I truly feel that Vena is the best of the bunch. Not only does it provide superior user experience, but it also costs less than these competitors.
Chose Vena
IT support/oversight not needed. Appeared less complicated/more user friendly. Cheaper.
Chose Vena
Vena is built in the background of a product everyone is familiar with in Excel. Equally as effective and a fraction of the cost.
Top Pros
Top Cons
Features
Oracle HyperionVena
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
Oracle Hyperion
10.0
22 Ratings
7% above category average
Vena
8.6
225 Ratings
4% above category average
Long-term financial planning10.017 Ratings8.6202 Ratings
Financial budgeting10.020 Ratings9.1217 Ratings
Forecasting10.021 Ratings8.2208 Ratings
Scenario modeling10.016 Ratings8.0187 Ratings
Management reporting10.021 Ratings8.9214 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
Oracle Hyperion
8.2
20 Ratings
0% above category average
Vena
8.1
162 Ratings
1% above category average
Personalized dashboards8.018 Ratings8.4135 Ratings
Color-coded scorecards7.115 Ratings8.9100 Ratings
KPIs9.917 Ratings7.7116 Ratings
Cost and profitability analysis9.917 Ratings7.8127 Ratings
Key Performance Indicator setting8.015 Ratings8.2113 Ratings
Benchmarking with external data6.013 Ratings7.486 Ratings
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
Oracle Hyperion
-
Ratings
Vena
7.9
97 Ratings
0% below category average
Pixel Perfect reports00 Ratings7.356 Ratings
Customizable dashboards00 Ratings8.286 Ratings
Report Formatting Templates00 Ratings8.293 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
Oracle Hyperion
-
Ratings
Vena
7.9
187 Ratings
4% below category average
Drill-down analysis00 Ratings8.7180 Ratings
Formatting capabilities00 Ratings8.4179 Ratings
Integration with R or other statistical packages00 Ratings6.158 Ratings
Report sharing and collaboration00 Ratings8.4156 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
Oracle Hyperion
-
Ratings
Vena
8.8
144 Ratings
8% above category average
Publish to Web00 Ratings8.670 Ratings
Publish to PDF00 Ratings9.1100 Ratings
Report Versioning00 Ratings8.8121 Ratings
Report Delivery Scheduling00 Ratings8.7107 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
Oracle Hyperion
-
Ratings
Vena
8.0
89 Ratings
5% above category average
Pre-built visualization formats (heatmaps, scatter plots etc.)00 Ratings8.379 Ratings
Location Analytics / Geographic Visualization00 Ratings7.764 Ratings
Predictive Analytics00 Ratings7.770 Ratings
Pattern Recognition and Data Mining00 Ratings8.115 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
Oracle Hyperion
-
Ratings
Vena
9.0
181 Ratings
4% above category average
Multi-User Support (named login)00 Ratings9.1170 Ratings
Role-Based Security Model00 Ratings8.9169 Ratings
Multiple Access Permission Levels (Create, Read, Delete)00 Ratings9.1172 Ratings
Report-Level Access Control00 Ratings9.135 Ratings
Single Sign-On (SSO)00 Ratings8.8128 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
Oracle Hyperion
-
Ratings
Vena
8.3
89 Ratings
4% above category average
Responsive Design for Web Access00 Ratings8.586 Ratings
Dashboard / Report / Visualization Interactivity on Mobile00 Ratings8.174 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
Oracle Hyperion
-
Ratings
Vena
8.0
195 Ratings
0% above category average
Financial data consolidation00 Ratings9.3166 Ratings
Journal entries and reports00 Ratings7.7118 Ratings
Multi-currency management00 Ratings6.6112 Ratings
Intercompany Eliminations00 Ratings7.9111 Ratings
Minority Ownership00 Ratings7.376 Ratings
Local and consolidated reporting00 Ratings8.3144 Ratings
Detailed Audit Trails00 Ratings8.7172 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
Oracle Hyperion
-
Ratings
Vena
8.3
215 Ratings
1% above category average
Financial Statement Reporting00 Ratings9.0191 Ratings
Management Reporting00 Ratings8.7200 Ratings
Excel-based Reporting00 Ratings9.4209 Ratings
Automated board and financial reporting00 Ratings8.4152 Ratings
XBRL support for regulatory filing00 Ratings6.352 Ratings
Integration
Comparison of Integration features of Product A and Product B
Oracle Hyperion
-
Ratings
Vena
9.0
211 Ratings
8% above category average
Flat file integration00 Ratings9.2170 Ratings
Excel data integration00 Ratings8.9195 Ratings
Direct links to 3rd-party data sources00 Ratings8.9154 Ratings
Best Alternatives
Oracle HyperionVena
Small Businesses
MIP Fund Accounting
MIP Fund Accounting
Score 8.7 out of 10
IBM Planning Analytics
IBM Planning Analytics
Score 8.3 out of 10
Medium-sized Companies
Centage
Centage
Score 9.6 out of 10
Centage
Centage
Score 9.6 out of 10
Enterprises
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 7.9 out of 10
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 7.9 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Oracle HyperionVena
Likelihood to Recommend
10.0
(23 ratings)
8.8
(229 ratings)
Likelihood to Renew
5.0
(1 ratings)
8.7
(19 ratings)
Usability
-
(0 ratings)
9.0
(26 ratings)
Availability
-
(0 ratings)
8.8
(6 ratings)
Performance
-
(0 ratings)
8.6
(6 ratings)
Support Rating
8.0
(1 ratings)
10.0
(96 ratings)
In-Person Training
-
(0 ratings)
9.0
(3 ratings)
Online Training
-
(0 ratings)
8.9
(3 ratings)
Implementation Rating
-
(0 ratings)
7.4
(4 ratings)
Configurability
-
(0 ratings)
8.2
(3 ratings)
Ease of integration
-
(0 ratings)
8.9
(3 ratings)
Product Scalability
-
(0 ratings)
8.8
(6 ratings)
Vendor post-sale
-
(0 ratings)
8.9
(3 ratings)
Vendor pre-sale
-
(0 ratings)
8.9
(3 ratings)
User Testimonials
Oracle HyperionVena
Likelihood to Recommend
Discontinued Products
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.
Read full review
Vena Solutions
It is well suited for scenarios where a company needs an efficient and scalable solution to implement in their daily products; it eases the work and saves time using Vena. However, I would not recommend this product before analyzing and estimating a budget because it can be pretty expensive for small and medium-sized companies.
Read full review
Pros
Discontinued Products
  • 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.
Read full review
Vena Solutions
  • Allows us to create just one template that will replicate based on which business segments we want to report on
  • Allows end-users to dig into transaction details (our staff love this feature!)
  • Very flexible in the way you can slice and dice data
Read full review
Cons
Discontinued Products
  • 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.
Read full review
Vena Solutions
  • It would be great if the templates didn't have to be launched from the download folder for end users. This concept is often confusing for end users and they don't always understand why they can't open the file back up from their downloads folder later on. Might be better if the templates opened in Excel online for end users when a workflow is in play.
  • The data integration (API) is a bit confusing. All the steps and stages are hard to follow. It would be great if this area could be "dumbed" down a bit further for us non-data people.
  • Permissions are a bit tedious to set up. We decided to set up permissions using permission user groups instead of task bindings because it would be easier to manage and not accidentally mess up but it still is really tedious because pretty much each person in our organization has to have a separate user group set up for them.
  • The report books don't seem to work consistently and don't always follow our permission set up so they've not been useful. This is a feature I'd really like to take advantage of but it just isn't quite where I need it to be yet.
  • The formula (DAX) building feature in Insights is not great. It would be more helpful if it showed you the same tooltips that PBI desktop shows you when you start typing out a formula.
  • It would be very helpful to be able to drill down on a budget/forecast number and see the LID (line item detail) beneath it and not just the dimension details.
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Likelihood to Renew
Discontinued Products
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.
Read full review
Vena Solutions
Vena has been a huge win for us as an organization, as it vastly improved our budgeting process by removing manual consolidation that was incredibly time consuming, and it allows us to see a multi-year view of our organizational budget across all of our funding sources. We've seen Vena's platform grow over the years and we've not yet fully adopted some of them so it feels like there's still potential to get even more value out of the platform.
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Usability
Discontinued Products
No answers on this topic
Vena Solutions
This is split between usability from an end-user perspective and administrative. Administrative - The tool is lacking in a cohesive way to administer the tool, both from more of a back-end perspective (ETL/Integrations, scripting, etc.) as well as from a business administrative (Processes, Models, etc.). On the more back-end IT related aspects, the tool is a mishmash of modules that were clearly developed in stovepipe fashion. Basic feature/functionality aspects such as version control, auto vs manual save, etc. differ between the code preparation components. It is also lacking in any sort of coherent version control. Not all pages display the context information, so extreme caution must be used. There is also no coherent migration strategy. The process and model navigation has been somewhat challenging for our business administrators, often requiring assistance from Vena when creating or altering templates. 2 of 10 End User - This is better. The Excel add-in generally functions well. Creating basic templates is straightforward, and there is a large degree of flexibility when creating reporting templates. Being part of Excel puts many users into a comfort zone. The toggle switch between template and data mode is not well conceived, and the add-in pop-ups occasionally have issues on multi-monitor displays. 6 of 10
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Reliability and Availability
Discontinued Products
No answers on this topic
Vena Solutions
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
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Performance
Discontinued Products
No answers on this topic
Vena Solutions
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
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Support Rating
Discontinued Products
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.
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Vena Solutions
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.
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In-Person Training
Discontinued Products
No answers on this topic
Vena Solutions
The original training was onsite and over two weeks. Since our original onboarding the company has come out with a training website to aid in user self directed needs.
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Online Training
Discontinued Products
No answers on this topic
Vena Solutions
The online training was effective, it would be nice to see a more personalized solution. I understand the training is tailored for all industries, but it would be nice to see industry-specific use cases.
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Implementation Rating
Discontinued Products
No answers on this topic
Vena Solutions
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
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Alternatives Considered
Discontinued Products
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.
Read full review
Vena Solutions
Vena has better reporting and budgeting functions than NetSuite Budgeting & Reporting when we compared the two. The Kansas City Chiefs currently use Vena and they had nothing but good things to say about it so that gave us confidence to go with Vena.
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Scalability
Discontinued Products
No answers on this topic
Vena Solutions
We use Vena across 10 countries and 200 users who are located in a wide range of settings and internet reliability. Even with that wide implementation, the most common issue we run into is a new hire not installing the Vena add-in, which is a super quick fix. Depending on our user's location, the internet can sometimes be spotty, but that is outside of Vena's control and even in those settings, Vena might take a little longer to open a template, but it still does open and the user can complete their work. Over 5 years of using Vena, we've collectively only had 3 issues where we needed Vena support to help look at a specific issue a user was having.
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Return on Investment
Discontinued Products
  • 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.
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Vena Solutions
  • Saved considerable time for monthly close by streamlining reporting and entries
  • Saved considerable time and effort for reconciliations by standardizing input and output and ability to send reviews to different users and track completion
  • Saved a lot of headache when tracking down variances
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ScreenShots

Vena Screenshots

Screenshot of Operation Expenses - Predictive AnalysisScreenshot of Allocations DashboardScreenshot of Vena Add InScreenshot of Power BI DashboardScreenshot of Operational Expenses - Drill through analysisScreenshot of Process Status Dashboard