Oracle Hyperion vs. QuickBooks Desktop Premier

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Oracle Hyperion
Score 7.0 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
QuickBooks Desktop Premier
Score 8.3 out of 10
N/A
QuickBooks Desktop Premier is an installed version of QuickBooks for general business, contractors, manufacturing and warehouse accounting, as well as nonprofits, professional services, and retail.N/A
Pricing
Oracle HyperionQuickBooks Desktop Premier
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Oracle HyperionQuickBooks Desktop Premier
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
Oracle HyperionQuickBooks Desktop Premier
Top Pros
Top Cons
Features
Oracle HyperionQuickBooks Desktop Premier
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
QuickBooks Desktop Premier
-
Ratings
Long-term financial planning10.017 Ratings00 Ratings
Financial budgeting10.020 Ratings00 Ratings
Forecasting10.021 Ratings00 Ratings
Scenario modeling10.016 Ratings00 Ratings
Management reporting10.021 Ratings00 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
QuickBooks Desktop Premier
-
Ratings
Personalized dashboards8.018 Ratings00 Ratings
Color-coded scorecards7.115 Ratings00 Ratings
KPIs9.917 Ratings00 Ratings
Cost and profitability analysis9.917 Ratings00 Ratings
Key Performance Indicator setting8.015 Ratings00 Ratings
Benchmarking with external data6.013 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Oracle Hyperion
-
Ratings
QuickBooks Desktop Premier
8.9
47 Ratings
17% above category average
Pay calculation00 Ratings7.046 Ratings
Benefit plan administration00 Ratings10.020 Ratings
Direct deposit files00 Ratings8.036 Ratings
Salary revision and increment management00 Ratings9.927 Ratings
Reimbursement management00 Ratings9.529 Ratings
Customization
Comparison of Customization features of Product A and Product B
Oracle Hyperion
-
Ratings
QuickBooks Desktop Premier
1.3
20 Ratings
138% below category average
API for custom integration00 Ratings1.315 Ratings
Plug-ins00 Ratings1.320 Ratings
Security
Comparison of Security features of Product A and Product B
Oracle Hyperion
-
Ratings
QuickBooks Desktop Premier
7.4
49 Ratings
6% below category average
Single sign-on capability00 Ratings4.843 Ratings
Role-based user permissions00 Ratings10.040 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Oracle Hyperion
-
Ratings
QuickBooks Desktop Premier
6.8
57 Ratings
11% below category average
Dashboards00 Ratings4.848 Ratings
Standard reports00 Ratings7.856 Ratings
Custom reports00 Ratings7.854 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Oracle Hyperion
-
Ratings
QuickBooks Desktop Premier
7.1
60 Ratings
4% below category average
Accounts payable00 Ratings7.058 Ratings
Accounts receivable00 Ratings7.059 Ratings
Cash management00 Ratings8.054 Ratings
Bank reconciliation00 Ratings8.057 Ratings
Expense management00 Ratings6.156 Ratings
Time tracking00 Ratings5.028 Ratings
Fixed asset management00 Ratings5.139 Ratings
Multi-currency support00 Ratings9.018 Ratings
Multi-division support00 Ratings7.033 Ratings
Regulations compliance00 Ratings1.819 Ratings
Electronic tax filing00 Ratings10.028 Ratings
Self-service portal00 Ratings8.017 Ratings
Global Financial Support00 Ratings9.03 Ratings
Primary and Secondary Ledgers00 Ratings7.06 Ratings
Intercompany Accounting00 Ratings9.08 Ratings
Localizations00 Ratings5.01 Ratings
Journals and Reconciliations00 Ratings7.014 Ratings
Enterprise Accounting00 Ratings9.05 Ratings
Configurable Accounting00 Ratings7.16 Ratings
Centralized Rules Framework00 Ratings9.93 Ratings
Standardized Processes00 Ratings4.37 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Oracle Hyperion
-
Ratings
QuickBooks Desktop Premier
2.9
36 Ratings
83% below category average
Inventory tracking00 Ratings1.735 Ratings
Automatic reordering00 Ratings1.015 Ratings
Location management00 Ratings8.019 Ratings
Manufacturing module00 Ratings1.017 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Oracle Hyperion
-
Ratings
QuickBooks Desktop Premier
7.0
38 Ratings
6% below category average
Pricing00 Ratings10.030 Ratings
Order entry00 Ratings10.031 Ratings
Credit card processing00 Ratings7.027 Ratings
Cost of goods sold00 Ratings6.334 Ratings
Order Orchestration00 Ratings10.03 Ratings
End-to-end order visibility00 Ratings1.04 Ratings
Order exception Resolution00 Ratings5.01 Ratings
Best Alternatives
Oracle HyperionQuickBooks Desktop Premier
Small Businesses
MIP Fund Accounting
MIP Fund Accounting
Score 8.7 out of 10
Dext Prepare (with Receipt Bank)
Dext Prepare (with Receipt Bank)
Score 9.1 out of 10
Medium-sized Companies
Centage
Centage
Score 9.6 out of 10
Accounting Seed
Accounting Seed
Score 8.3 out of 10
Enterprises
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.2 out of 10
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.2 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Oracle HyperionQuickBooks Desktop Premier
Likelihood to Recommend
10.0
(23 ratings)
3.0
(63 ratings)
Likelihood to Renew
5.0
(1 ratings)
1.3
(12 ratings)
Usability
-
(0 ratings)
7.0
(14 ratings)
Availability
-
(0 ratings)
8.9
(5 ratings)
Performance
-
(0 ratings)
5.7
(4 ratings)
Support Rating
8.0
(1 ratings)
1.1
(12 ratings)
Online Training
-
(0 ratings)
1.0
(1 ratings)
Implementation Rating
-
(0 ratings)
7.2
(7 ratings)
Configurability
-
(0 ratings)
9.0
(1 ratings)
Ease of integration
-
(0 ratings)
7.0
(1 ratings)
Product Scalability
-
(0 ratings)
6.2
(4 ratings)
Vendor pre-sale
-
(0 ratings)
7.0
(1 ratings)
User Testimonials
Oracle HyperionQuickBooks Desktop Premier
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
Intuit
QuickBooks Premier is not well suited to manufacturing industries, as it cannot handle the complicated inventory requirements of raw materials, work in process, and finished goods. Retailers and Wholesalers can use QuickBooks Premier as long as they have an add-on inventory tracking program or Point of Sale system that integrates with QuickBooks. Likewise, restaurants would need specialized restaurant software that integrates with QuickBooks Premier. Non-profits can use QuickBooks Premier non-profit edition, but if they use fund accounting, it will require some complicated work-arounds. QuickBooks Premier is well-suited to most construction trades, personal and professional services providers, small retailers, and rental property owners.
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
Intuit
  • The program is easy to learn and use. We can train our clients' personnel how to use the program with out difficulty.
  • It is easy for clients to generate bills and manage accounts receivable.
  • It is easy to manage accounts payable and allows clients to pay their bills electronically.
  • Transactions can be imported electronically for credit card and banking transactions.
  • It is easy to reconcile bank and credit card accounts.
  • We can import data generated by QuickBooks into our tax and accounting software.
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
Intuit
  • I would like to be able to choose how i want to view accounts receivable aging. I would like some flexibility to sort and choose how to present the data.
  • For a seasoned accountant, I would like to see some of the restrictive controls that are in place for novices to be able to be relaxed so that I can easily make some entries and adjust some balances that ordinarily a regular user would not be able to do.
  • I would like to see an easy way to clear old outstanding checks that need to be reversed without affecting prior balances/history.
Read full review
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
Intuit
Because we have been extremely happy with the product and our organization tends to be creatures of habit. We rarely leave a product that works this well for the latest and greatest. Typically we follow the "if it's not broken, don't fix it rule". While QB does make changes we typically just roll with it. If we do find something we don't like we work through it until we fully understand its functionality.
Read full review
Usability
Discontinued Products
No answers on this topic
Intuit
QuickBooks is an amazing tool that provides all of the necessary features needed to run the finances of a company. I would like for QuickBooks to provide better resources for training. There are many features that go unused because of lack of knowledge. Procore offers chatting and calls on their platform and they make it easy and accessible to get answers and solutions.
Read full review
Reliability and Availability
Discontinued Products
No answers on this topic
Intuit
This is very reliable software, the desktop version is fast. If there is a problem, it is most likely on your own hardware!
Read full review
Performance
Discontinued Products
No answers on this topic
Intuit
It takes forever to load.
Read full review
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.
Read full review
Intuit
This is an awesome product and the support team is very knowledgeable. The product is mature, so there are not a lot of bugs and the support team really solves problems quickly. Usually it is a user error issue, but the support desk helps me out. I love the fact that it is US based support.
Read full review
Implementation Rating
Discontinued Products
No answers on this topic
Intuit
It is important to do your research. There are tutorial videos online that could help new user of this accounting system. These tutorials are straightforward and easily understandable.
Read full review
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
Intuit
QuickBooks Premier handles most of my business functions efficiently in one package. It is not my "everything." I use Replicon for time rather than QuickBooks. I don't want my WIP data interfering with my accounting. I use PaySimple for it's web interface and back office processing. I don't have security issues since I don't have any credit card data in my possession. With today's identity theft environment, I have to protect myself as much as I can. Not having credit card data in my accounting software lets me sleep much better at night. Quicken will do basic accounting but does not have all the double entry accounting systems contained in QuickBooks. QuickBooks Online does much of the basic business functions but I don't like the pricing structure. As a professional accountant, that is very important to me. Bill.com provided a good service but the ability of QuickBooks to add bills and receipts to transactions makes it redundant.
Read full review
Scalability
Discontinued Products
No answers on this topic
Intuit
They're getting better. Still room for improvement.
Read full review
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.
Read full review
Intuit
  • Since our financials are kept very up to date, it helps us compare our financial results to prior years and it is used for our internal goal setting.
  • Due to the accountant copy function, we are able to provide better service since our clients are not waiting on us to fix historical data. They can continue their operations uninterrupted.
  • The import feature certainly speeds up the process of accounting for our payroll. As previously mentioned, it takes about a minute to do our entries for payroll and check them.
Read full review
ScreenShots