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Oracle Hyperion

Oracle Hyperion

Overview

What is Oracle Hyperion?

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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Recent Reviews

Excellent Tool

8 out of 10
March 16, 2019
Incentivized
I have been using the BI tools within Hyperion since it was still Brio. Very powerful, yet easy to use GUI tools to help develop …
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Popular Features

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  • Forecasting (21)
    10.0
    100%
  • Financial budgeting (20)
    10.0
    100%
  • Management reporting (21)
    10.0
    100%
  • Personalized dashboards (18)
    8.0
    80%
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Pricing

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What is Oracle Hyperion?

Oracle's Corporate Performance Management suite was acquired from Hyperion in 2007. Hyperion customers are encouraged to migrate to Oracle Fusion Cloud EPM.

Entry-level set up fee?

  • No setup fee

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services

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Alternatives Pricing

What is Oracle Fusion Cloud Enterprise Performance Management?

Oracle Fusion Cloud Enterprise Performance Management (EPM) is a solution that helps users model and plan across finance, HR, supply chain, and sales, streamline the financial close process. Oracle Cloud Enterprise Performance Management (EPM) Platform is a framework of the technical and functional…

What is Budgyt?

Budgyt is a platform made to simplify business budgeting. With built-in functions designed for data integrity, team collaboration, and scenario planning & analysis, Budgyt is presented as an optimized budgeting experience that rids users of complex, error-prone spreadsheets and the time-consuming…

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Features

Budgeting, Planning, and Forecasting

These activities are designed to assist with both data-driven operational, short-term planning and strategic long term planning

10
Avg 9.4

Analytics and Reporting

Dashboards and scorecards for KPI monitoring and benchmarking

8.2
Avg 8.2
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Product Details

What is Oracle Hyperion?

Oracle's Corporate Performance Management suite was acquired from Hyperion in 2007. Hyperion customers are encouraged to migrate to Oracle Fusion Cloud EPM.

Oracle Hyperion Competitors

Oracle Hyperion Technical Details

Operating SystemsUnspecified
Mobile ApplicationNo

Frequently Asked Questions

Oracle's Corporate Performance Management suite was acquired from Hyperion in 2007. Hyperion customers are encouraged to migrate to Oracle Fusion Cloud EPM.

Reviewers rate Long-term financial planning and Financial budgeting and Forecasting highest, with a score of 10.

The most common users of Oracle Hyperion are from Enterprises (1,001+ employees).
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Comparisons

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Reviews and Ratings

(240)

Attribute Ratings

Reviews

(1-23 of 23)
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Score 10 out of 10
Vetted Review
Verified User
Incentivized
we are using Oracle Oracle Hyperion Enterprise Performance Management for financial Close and Planning. We have merged with 6 other companies and needed a consolidated ledger. Financial Close offers that and our planning process is made easier across the divisions with Planning
  • Consolidation of multiple GLs in the Close process
  • Budgeting in multiple ways(zero based, driver based, strategic long term planning)
  • providing detailed task lists to help new planners be successful without a lot of training
  • ability to plan in web based forms or within the same form in excel
  • users most likely can not create a system themselves, it requires knowledgeable consultants to help get the most out of the system
  • Some users get frustrated because unlike excel based planning, there is structure and controls built in.
Because it is a full suite of business processes, you can do most types of planning and financial close. It has processes for Financial, cash flow, Workforce, CapEx, project and strategic planning. It does not have anything for production planning
Azmat Bhatti | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Hyperion EPM suite is used by our Corporate Finance and FP&A teams. Hyperion helps us publish our results on time and to plan our Budgeting/Forecasting cycle throughout the year. Various departments like Finance, Operations, Sales, Marketing use Hyperion to evaluate data inputs and reporting.
  • Consolidation engine is superb
  • User experience is great, web based
  • Easy to learn and grasp new application
  • None that I can think of
Great product and is owned by Oracle, an industry giant.
Score 7 out of 10
Vetted Review
Verified User
Incentivized
The Hyperion Enterprise Performance Management software is being used by the Finance Department. It particularly serves the company in financial reporting and data analysis for our finance directors and CFO. The Business Problems it addresses are gathering and summarizing information for multiple locations (domestic and foreign offices) to be used at headquarters.
  • It was easy to consolidate financial data from multiple domestic and foreign offices.
  • Training other colleagues in other offices for using the software was easy.
  • We could easily send the consolidated financial data to our C-suite executives and it looked really readable for them to understand the data.
  • If there are ways to transfer data into the Hyperion software from other software applications (MS Excel) that would be ideal.
  • It would be wonderful if data from Hyperion could be downloaded directly into an attachment which can be emailed to other financial colleagues.
  • It would be great to be able to toggle between various currencies to make it easier for financial staff to understand the impact that some management decisions would make.
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.
September 18, 2019

EPM On-Premise Review

Score 9 out of 10
Vetted Review
Verified User
Incentivized
Brinks uses multiple Hyperion suite of products across entire organization. HFM is used globally to consolidate all data from different ERP systems and also uses Planning applications in multiple regions to do accurately project the forecast of the financials so the data can be used to plan for workforce and Capital spending and organization can work towards the goal of achieving Planned numbers. The planning application is widely used for Actuals reporting and comparing Actuals Vs Plan and Rolling forecast so that it can address immediate short term and long term needs and provide the roadmap.
  • HFM is very powerful for financial consolidations .
  • Hyperion Planning is used to project accurate planning and thus provide the benefit to organization to do allocations and driver based planning so that it can justify the numbers based on headcount, number of stops & Revenue and thus provide valuable projections and thus help reduce the expenses.
  • Essbase is powerful engine helps provide analytical adhoc reporting for financial users . Performance of reporting and ease of use helps excellent customers experience when doing adhoc analysis.
  • Visual graphical reporting
  • Ability for 3rd party reporting tools connecting to Essbase database
  • get rid of complexity of having different components involved in Hyperion workspace environment connected to different suite of products involved in multiple components
Best suited for Consolidations
Best suited for Planning and Forecasting
Best suited for analytical reporting

Not for Visual graphical reporting

Ricky Bhatia | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Incentivized
We use Oracle Hyperion Enterprise Performance Management in the financial planning and analysis unit of our company. In it, we have access to expenses and FTE reports. It helps us with up to date and past analysis on our budget versus actuals and FTE change with respect to expenses. We utilize it through Excel and Workspace online.
  • Ease of modification of setting point of views.
  • Export in query mode is efficient.
  • Has information for all the cost centers and access to them is simple and straightforward.
  • Sometimes invalid POV's are hard to determine, so maybe include which one produces an error.
  • Workspace Hyperion can get a bit slow.
  • I'm a newer user and still in the process of coming across potential issues.
When you want to access past reports to make modifications and changes, Hyperion has it all stored on the Workspace (at least for my company) so I find it efficient to use in that scenario. When you want to access something very specific, Hyperion's ability to modify the data to get your exact results is also well suited for data extraction.
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Oracle Hyperion is used for planning purposes across the whole organization for budgeting and forecasting, both as a top-down and a bottom-up mechanism. Planning is a key global mandate for measuring and evaluating the successful performance of our organization, which is accomplished successfully by Oracle Hyperion Enterprise Performance Management.
  • It is a great planning tool for a complex organization across various levels, such as company and division level, to ensure the integrity of information fed into the system.
  • It is a great tool for analyzing, dissecting and slicing/dicing the information across multiple dimensions such as accounts, periods, scenarios, etc.
  • Consolidation across the board for the same group of entities with dynamic features of pre and post-elimination, currency translations, etc. can be achieved successfully using Hyperion.
  • The myriad of components of Oracle Hyperion is very powerful for each specific purpose and bring to the table a lot of functionality that can otherwise be difficult to achieve. However, this also results in high complexity of the system (an unavoidable consequence).
  • Data extracts are necessary at various levels from multiple systems on a regular basis to ensure an accurate reflection of information across the board. This, again, is the inherent design but can cause multiple points of failure in case of any issues with the extracts.
  • The upkeep and infrastructure requirements with regular patch upgrades and server-level upgrades can result in unforeseen situations at times, resulting in high visibility and urgent resolution needs for any such occurrences. The troubleshooting of these once in a while occurrences can turn out to be quite cumbersome.
It is particularly well utilized for the Income, Cash flow, and employees components, which can be very helpful for the accounts dimension for planning the nature of financial data. The MTD, QTD, YTD components are great for utilizing the view dimension for analyzing the data. Lastly, pre-eliminated, eliminated and post-eliminated dimensions are great for consolidated dimensions.
Score 6 out of 10
Vetted Review
Verified User
Incentivized
Oracle Hyperion is used in our accounting and finance department to check and audit financial data. Hyperion makes it easy to compare financial data from different regions and departments for each and every month and year. Hyperion can also be exported for financial analysis in Excel. The data gathered from Hyperion is accurate and decreases the use of many different spreadsheets.
  • Oracle Hyperion is great for making monthly or yearly financial planning
  • It's great for analyzing different types of financial data
  • Ad-hoc reports can be created easily
  • Hyperion is difficult to update and maintain
  • Training for how to use Hyperion is difficult
  • It is not a mobile application that can be used anytime anywhere
  • Configuring for an user can be difficult
Hyperion is great in what it does. It allows user to view different financial data in one single location. The data from Hyperion can be used to create reports easily. It is also useful for making changes to financial plans. However, Hyperion is hard to maintain and configure. It's hard to maintain Hyperion without proper training and configuring Hyperion for users is not easy. Hyperion is also not very mobile. It's not possible to use it anywhere with proper configuration.
March 16, 2019

Excellent Tool

Score 8 out of 10
Vetted Review
Verified User
Incentivized
I have been using the BI tools within Hyperion since it was still Brio. Very powerful, yet easy to use GUI tools to help develop reporting, dashboards and more. Used for data management, integration feeds, and ad-hoc queries also. Quite simply, an easy way to access and manipulate your data. We use it in almost every aspect of our business for analysis and operational tools.
  • Very easy to use interactive GUI system, but also has powerful underlying ability to code as complex as necessary.
  • Easy mass distribution/access for multiple end users.
  • Expense is the number one concern.
Well suited for mid-large scale operations that can afford it. As a small to mid-sized company, we love the software but struggle with the expense. It would be great to see the possibility of a scaled down version for a reduced cost someday. Any business that needs to manage and access their data could benefit.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Hyperion, in general, is an enterprise application. Hence the Enterprise portion of the name Hyperion Enterprise Performance Management (EPM). It addresses multiple business problems as the toolset itself ranges from metadata management to consolidation close. Essbase and Planning are the most widely used applications from the EPM stack of tools. Essbase is a powerhouse of the tool giving you a multidimensional look at the data within the enterprise landscape.
  • It gives you the ability to look at your dataset in a multidimensional way.
  • You can create ad-hoc reporting using smart view on top of the Essbase cube.
  • It gives you the ability to manage multiple dimensions in one centralized place using DRM.
  • Simplifies the close process with HFM.
  • Interfacing with in its own tool sets. I believe that applications should seamlessly talk to one another.
  • Built-in validations that are commonly used should come with the applications.
  • Take away the templates that come with DRM. They are no good.
There are way too many scenarios that EPM could well suited for. It's a suite of applications. You can do dang near anything you need.

Where is doesn't excel because it shouldn't is interfacing with ERP systems. This will always be an issue as the developers of the ERP systems are never in touch with the developers of EPM.
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Oracle Hyperion Enterprise Performance Management is used by our organization to meet global consolidation and reporting needs. All business verticals are consolidated for all geographies worldwide using Hyperion. Due to the complex multiple ERP landscape, Hyperion provides unified financial information across the organization consolidating the data from multiple ERP systems. The ease of use of the application coupled with the smart view excel add-in functionality for reporting makes it a favorable choice for 1000s of finance users using this product globally. The application is mostly managed by finance providing very quick turnaround for the finance community to meet their reporting requirements. With tight integration with ERP's, the financials are reported in Hyperion near real-time during month end, facilitating smooth close of the financials. Managing master data is also very straight forward and easier with Hyperion. The Reporting Studio provides fully formatted reports to be published to the top management, while smart view with ad-hoc and function builder capabilities meets the needs of the finance operation users in the business units.
  • Global financial consolidation and reporting for management
  • Global treasury exposure reporting for hedging and currency exposure reviews
  • Legal consolidation
  • Manufacturing plants consolidation and reporting
  • Focus on mobility aspects for reporting
  • Ease of loading journal entries
  • Enhancements around smart view for reporting
A global company of our scale and operations covering more than 60 countries requires a robust consolidation and reporting tool that can integrate various business verticals and provide timely and accurate financial results to all levels of the management for decision making and control. Hyperion is well suited for our reporting requirements, given its flexibility to handle matrix organization reporting with alternate hierarchies. Though Hyperion can handle capabilities like currency revaluation and translation, we are not using these features in our organization as they are performed in the ERP itself.
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Oracle Hyperion is being used across the entire company. It is also used by our finance team extensively.
  • Oracle Hyperion is a good tool for centrally analyzing different types of financial data.
  • Oracle Hyperion Essbase is a great tool for analyzing large amounts of financial data that would other wise be done in spreadsheets manually.
  • Oracle Hyperion Planning is used by our plants for yearly financial planning.
  • Oracle Hyperion HFM is very useful for monthly, quarterly and yearly company financial closings.
  • Oracle Hyperion requires a lot of knowledge and expertise to be successful.
  • The underlying infrastructure of Oracle Hyperion is complex and can be difficult to implement.
  • Some of the Oracle Hyperion application servers only run on Windows. Windows can sometimes be unstable.
  • Oracle Hyperion application server processes are dependent on each other and need to be started in a specific order. Therefore, if certain services die on one server, it could require all services/processes in the entire Hyperion landscape to be restarted in the correct order.
I implement and maintain the Oracle Hyperion infrastructure (RDBMS database, ESSBASE database, application servers, etc). I don't manage the internals of the Hyperion application as an end user so I don't know the use cases from that perspective. I do know that our company heavily relies on it for analyzing and consolidating critical financial data, and closing our books.
Teal Sexton | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Incentivized
The entire organization uses Oracle Hyperion Enterprise Performance Management for the University's annual budget cycle.
  • 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.
  • When you have a large number of intersections in a single form, it can take awhile to load.
  • Additional complexity can add significantly to calc script run times.
  • There is a learning curve to being a Hyperion and/or Essbase administrator that can be steep depending on the person's skill set and experience. It is not a simple product, but that is what gives it so much power as well.
It is well suited to very large organizations that need to budget for employee compensation costs. It is particularly well suited for highly matrixed organizations with a long chartstring (four or more segments) that need to be used in the budget. It is probably not necessary for organizations that budget only by account and/or cost center and not by the individual employee.
Score 7 out of 10
Vetted Review
Verified User
Incentivized
We currently use Oracle Hyperion Enterprise Performance management for financial and predictive modeling reporting. The EPM system has a whole package of tons of different types of software for financial planning, capital assessments, financial close and reporting and many more. We mainly utilize the Financial reporting aspect of this tool.
  • The reporting aspect of this tool works really well. The tool can easily determine the subset of data from a financial perspective since it integrates with Oracle General Ledger seamlessly.
  • Easily generate on-the-fly financial close numbers (we did not use these numbers as our actual reports, but used them for a quick insight as to where we were at.)
  • The crystal ball tool is pretty interesting, and our team has really enjoyed utilizing some of the predictive risk assessments that it has given us.
  • The tool overall is great, but when you take an EPM system and try and add that many features, they sometimes have bugs and lack the user experience. Some of the tools are hard to work through, and you have to really know the product (Crystal Ball for example.)
  • There are sometimes issues with the data flow coming through on the reports.
  • There should be more focus on improving specific tools like the Oracle Performance Scorecard
As I said before, the tool is useful for specific purposes, and there are a lot of products bundled into this suite. The company bought the suite and did not utilize a large portion of the features as they were not needed. A specific example we utilize this tool for is the Performance scorecard, we have utilized this in our smaller department to do quick analytical growth modeling to report out to risk management department as evidence for the need to expand into new territories
Guillermo Villamizar | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Incentivized
We currently use Hyperion Financial Management for consolidating financial information for multiple companies from several countries at the end of each month, to obtain consolidating balances. We also use Hyperion Planning, which also consolidates the information at the end of each month, but with this module we can compare budget vs real data scenarios with cost accounting filters.
  • The web access for the application is really good. you can access trough any web browser to your scenarios.
  • The native integration with smart view for MS Excel is excellent. A really nice tool for reporting.
  • the approval procedures and the user security functionality is pretty nice.
  • Sometimes the error handling is not the best it could be. Some more error detail could come handy sometimes.
  • Although it has a very user friendly interface, the technical aspects (such as configuration and management) can improve a bit.
  • The product is a little bit expensive.
The Hyperion Financial Management is really good for automatically eliminating the inter-company movements. This could be done for all companies, no matter what's the participation percentage of each one within the group. With Hyperion Planning we've been able to control our budget vs real data even with cost accounting support as user defined dimensions in the system.
Score 8 out of 10
Vetted Review
Verified User
Incentivized
The prime purpose for Oracle Hyperion was for data warehousing and company-wide ease for reporting information from multiple systems.
  • Integrates with other Oracle products.
  • Connects information well, so you can quickly and accurately model, plan and report.
  • From a functional standpoint, the product performs fairly well.
  • A high priced solution.
  • Timely integration process and deployment.
  • The overall implementation was okay, however, the post implementation support team needed more knowledge.
This solution is capable of leveraging the reporting and analysis tool for different skilled levels while including comprehensive results and graphical analysis tool for organizations.
December 13, 2017

EPM From Oracle

Vishal Shivdasani | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User
Incentivized
We use Hyperion EPM to consolidate forecasting and budgeting information across a 12Bn global organization in the construction vertical. It addresses the data transmission and consolidation issue at a high level and a reduction in the number of spreadsheets we use at its most base level. Accuracy and the sanctity of data are the primary goals, however, workflow and levels of promotion, review, and approvals also factor in.
  • Transmission of forecasting budgeting data
  • Group Consolidations
  • Tracking changes and version controls
  • Flexibility between Excel and Web based entry
  • Stability of excel add-in - called SmartView
  • Better sync between web based and Excel based data review
  • Stock analytical tools available to use
  • Custom reporting build capability
Well Suited:
Dispersed organization
High reliance on Excel
Greater need for performance KPIs
Distributed reporting

Less appropriate:
KPIs not as important or worth tracking
Don't need flexibility between cloud and on-premise

Federico Shortrede | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Incentivized

As a multi-national company, we use Hyperion HFM for consolidation purposes for the whole organization. We also use the tools to have the possibility to accomplish local GAPs (Argentina, Brazil and Uruguay) and IFRS standard. It also allows us to detect and eliminate inter-company movements and to show results even with companies owned at less than 100%.

We’re also using Hyperion Planning to create and control our budget. Up to now, this functionality has been used only for one of our business units.

  • Consolidate account balance sheets in a single currency, from companies that work and report in different currencies (for us, Argentinian Peso, Brazilian Real and Uruguayan Peso).
  • Develop several reports or graphics to cope with needs at very different levels: operational, management, investors.
  • Create and identify the adjustments made to take the information from our local GAP to IFRS (or eventually US Gap if it were necessary).
  • Ease to feed the system from different sources, which gives a company the possibility to consolidate data from different ERPs or even Excel.
  • Perhaps one point can be the graphics capacities with HFM. Graphics are better for Planning, but that can be obey to the fact that we’re running a newer release for Planning.
Great if you have to consolidate different countries; consolidate information from different systems (ex. Oracle, SAP, regional ERPs); show results according to different standards; or consolidate companies that don’t fully belong to the holding.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Oracle Hyperion Enterprise Performance Management (HEPM) is being used by our organization to drive results and decisions based on our planning and reporting processes. We are utilizing it to improve our forecasting analytics, overall close process, and visibility across business units.
  • Planning and managing costs related to the close process
  • Visibility into financial consolidation
  • Improving the accuracy of overall reporting
  • Slight performance issues
  • More fluid pages and interfaces
  • Improvements to 'dashboards'
It is really well suited in the financial close and consolidation processes, as well as reporting. One of the items I would recommend focusing on for improvement is the fluidity of certain pages that could perform better.
Samir Patel, PMP | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User
Incentivized
Oracle Hyperion Enterprise Performance Management is being used for all of our summarized financial reporting. We are taking revenue data from SAP and AUM data from various other systems and combining all that information for reporting. Our end users use the ASO and BSO cubes to then do all their management level reporting.
  • Works well with all of our Excel add-in tools
  • Nightly calculations run fast so that the environment is ready for reporting in the morning
  • Great support for all of our needs
  • Cumbersome development cycles
  • Doesn't play nice with our ETL tools
  • Extremely costly consultant support
Oracle Hyperion Enterprise Performance Management is well suited for financial summary reporting. The tool does its job calculating the numbers and handling things like varying attributes. Where the tool does not so well is with super large data sets. Crunching statistics and things of that nature are not necessarily its strong suit
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Oracle Hyperion legacy version is pathetic but the new version is amazing. Toyota has the legacy version for their National Sales division and we had to migrate it all to SAP Business Objects. The new version is used for the finance team for finance and Reconciliation accounts and is an amazing tool for managing and reconciling the accounts.
  • Reconciliation of accounts
  • Finance data management
  • Reporting and analysis is not too good
  • Ability to sync with all different new databases and big databases should be improved
Accounts and Finance team can blindly accept the tool to manage all their data well...
Score 9 out of 10
Vetted Review
Verified User
Incentivized
We use Oracle Hyperion to develop forecasts, budgets, ad-hoc analyses, etc. We have dashboards and reports that are generated using data from Oracle Hyperion.

We use Oracle Hyperion in the finance (mostly FP&A) function across the company. It is the standard financial reporting source data across the businesses.

It is basically the EPM program that our company use. Other businesses can use EPM systems such as COGNOS. I believe we chose Oracle Hyperion to complement with our Oracle EBS ERP system.
  • Very robust allowing you to cut the data in many ways
  • Goes hand in hand with Oracle EBS
  • Common EPM tool so easily able to recruit people with experience using it
  • Depending on the configuration, it is fairly straight forward to use
  • Integration with excel provides flexibility and automation potential (vs form base)
  • SmartView.bas (VBA object file) is fairly easy to learn and use, and allows automation of the tool through VBA programming.
  • SmartView add-in interface can be buggy at times
  • Generally it takes a lot of steps and time to data entry or update the forms
  • Too many versions, builds of the SmartView tool to keep track of and ensure you are running the right version
  • Support/help documents not helpful
Oracle Hyperion is well suited for running reports and dashboards where you are reporting on large quantity of transaction data. It is also great for running ad-hoc analysis of large data set. It can quickly cut and dice through data for analysis.

Oracle Hyperion is not suited for doing transaction-level investigation or analysis as it does not provide down to transaction-level of detail.
Score 6 out of 10
Vetted Review
Verified User
Incentivized
Oracle Hyperion Enterprise Performance Management helps in making reporting very easy. Prior to using Hyperion the analyst or the key users were using Excel and other legacy applications to track financial data. To provide the high level summarized data out of the financial data available it used to take a good amount of time and this would lead to information delay. With Smart View in EPM the ad-hoc reporting provides this financial information with ease. This really helped the end users to maintain and provide the reporting information to the higher ups i.e. the executives with ease.
  • Oracle Hyperion EPM helps in handling complex financial calculations related to costing & aging with ease.
  • You can always write new rules for handling the data the way you need it. Consolidating data at various levels can be easily handed through EPM.
  • Smart View Integration with Excel, helps in providing the financial information to key users, who after data arrangement produce the same to management for decision making.
  • The interface for designing the report is not as easy for a layman. The system doesn't allow major changes in the report once it is built which is quite a problem with the suite.
  • Emailing reports is one drawback with many limitations. There is a limit of around 250 characters for the body of the email. Also there is a limit on the number of characters that are allowed in the to and cc boxes.
  • There is some need of specialized knowledge of the hyperion product for the end user to start working over it.
Oracle Hyperion Enterprise Performance Management is able to handle most financial management deports like balance sheet, AP reports, AR reports, balance receivables reports, balance payable Reports, trial balance reports, and lot of other business critical reports. It also handles reports that involve complex computing with formulas that can be easily addressed using this tool. Emailing reports to the concerned person has some limitations.
Matt Downing | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User
We use Hyperion Financial Management (HFM) as our main global consolidation and financial reporting tool. Our structure is somewhat complex with several entities, substantial volume of intercompany transactions and use of multiple exchange rates. It streamlines our consolidation process and provides a platform for users to also enter reporting pack data that support the financial statements. We also load our budget data to HFM in lieu of a separate planning tool. Not optimal, but works if you don't want to turn a new budget around more than once a year. We use Essbase as an analysis tool to drill-through to transaction data from the GL balances. We use Financial Data Quality Management (FDQM) as the tool to pull data from our source systems, transform it, and load it HFM. FDQM can eliminate the need for IT involvement or other specialized ETL (Export, Transform, Load) tools.
  • HFM will handle complex calculation and consolidation rules extremely well. It's flexibility for writing new rules is unmatched in other products I have seen--the world is quite literally your oyster with this product. You will not come away saying "I wish we could get it to do_______" because it seems there is always a way!
  • The Smart View tool is how most of our users interact with HFM, and obviously the only way they interact with Essbase. It is a very good tool, and speed of Essbase queries is always strikingly fast. The HFM queries are slower, but that is due to the underlying structure of the database being much different than Essbase. Basically all of our reporting is done in Excel using the Smart View add-in.
  • 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.
This product is well suited to a company that needs a very robust consolidation tool, has good IT support, and has the budget to hire a full-time administrator. It does consolidation really, really well so if that is the primary need, then this is probably a very good choice. For a company with a fairly simple structure that only needs to roll up GL data into some financial reports, there are quicker, simpler, and effective products available at likely a fraction of the cost.
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