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Oracle's Corporate Performance Management suite was acquired from Hyperion in 2007.
The product is offers a broad suite of capabilities and many customers use only a subset of the platform capabilities.. Oracle has integrated Oracle BI tools to extend the platform further.https://media.trustradius.com/product-logos/DY/R4/F1T14RNRZDAT.PNGOracleRobust Financial Consolidation and Reporting Made Easy with Hyperion2019-02-17T02:01:46.798ZOracle 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,8,Able to complete 10K/10Q Reporting to SEC ahead of most of fortune 500 companies
Great comfort and reliance on foolproof consolidation with Hyperion
Many years of use brought the user knowledge level very high
Not all new functionalities are used due to lack of time to upgrade to most recent versions,Not a member of any user groups,SAP BPC (Business Planning and Consolidation),Yes,8,Almost 8 years back when we did an upgrade, one of the functionality of the application was not working and we had to contact the support team to fix this. The team spent considerable time and efforts immediately and found the issue was with the business rule that was not well written initially but was working ok with the previous release. The issue was identified and fixed before the month end reporting easing the tension around the potential delays with reporting if the issue was not resolved on time.Verified UserOracle Hyperion Enterprise Performance Management Review2019-05-02T15:59:47.220ZOracle 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,6,Hyperion makes it easier to make financial decisions
Hyperion makes it easier to create reports
Hyperion makes it possible to view different financial data in one location for different periods of time.,Not a member of any user groups,Phocas Business Intelligence,Phocas Business Intelligence, Tableau Desktop, Microsoft Power BIVerified UserExcellent Tool2019-03-16T16:05:48.710ZI 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.,8,Analysis tools are invaluable in decision making.
Data manipulation and streamlined feeds are also big expense savers.,Not a member of any user groups,Tableau OnlineVerified UserEPM Stack of Tools...Is it worth the money?2019-02-22T22:53:51.126ZHyperion, 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.,10,Oracle Hyperion Enterprise Performance Management has a very slow ROI
Hyperion EPM is very costly on software and hardware sides
Learning curve is very steep if the BU doesn't understand multidimensional sets.,ODTUG,,Oracle Data IntegratorVerified UserOracle EPM for the large enterprise!2018-09-07T17:44:46.107ZThe 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.,8,We had to get the planning application designed correctly before we got a good ROI, but once we did it became well liked and highly utilized.
It has had a very positive overall impact on increasing finance literacy across campus, allowing units a better insight into their revenues and expenses and the overall planning process.
It has been an essential tool during a time where the campus needed to reduce it's budget by over 100 million dollars annually. Without this product, we would not have a way to identify, track and report on our progress reducing the budget.,ODTUG,Adaptive Insights, Questica Budget and Workday Financial Management,Oracle eBusiness SuiteTeal SextonRobust EPM solution for big companies2018-08-08T18:10:49.903ZWe 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.,8,The financial closing dates at the end of the month have been reduced by 5 days across all the companies.
The users spent less time making reports for consolidation, as they're now generated automatically.
The use of Smartview in MS Excel allows the users to create customs reports on-the-fly.,Not a member of any user groups,SAP BPC (Business Planning and Consolidation),Magic xpi Integration Platform, SAP ERP, Microsoft Dynamics GP, Microsoft Access, Microsoft Power BIGuillermo VillamizarOracle Hyperion: Very useful but complex2018-12-07T21:46:11.939ZOracle 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.,8,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.,Not a member of any user groups,Oracle Database 12c, SAP Business WarehouseVerified UserGreat tool if you break it down!2018-08-24T17:04:35.839ZWe 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,7,Easy reporting aspect of our Ledger data to show markets that we should expand into (one of the many tools used to generate for evidence.)
Oracle General Ledger data can be tough to decipher (this tool made it much more straightforward.)
Good high level reporting that can be generated for executive level financial information.,Not a member of any user groups,Tableau Desktop,OneNote, IBM Tivoli Change and Configuration Management Database, Toad Decision Point, WebEx Event Center, Adobe ConnectVerified UserA solid solution to deploy2018-04-06T15:53:46.279ZThe 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.,8,It reduced the cost for maintaining legacy systems.
A faster, accurate and more efficient build of budgets and plans as well as provide operations departments with more-predictable forecasts.
The software generally works well and is flexible given our business requirements.,Not a member of any user groups,IBM Cognos,IBM CognosVerified UserEPM From Oracle2017-12-13T21:41:26.682ZWe 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,7,Made reporting process mouse clicks vs exhaustive manual process
Enables simplified consolidations
Allows data transmission through out organization with ease,Atlanta Oracle Applications Users Group
Higher Education User Group (HEUG),IBM Cognos, Microsoft Dynamics GP, NetSuite and Sage Intacct,iCharts for NetSuite, Oracle Planning and Budgeting Cloud, Oracle Analytics Cloud ServiceVishal ShivdasaniFlexible and robust tool, great for multi-national and multi-businesses companies2016-11-16T20:07:01.247ZAs 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.,9,Better audit trails for SOX compliance
Dramatic reduction in complexity and time for our consolidation process
Better control for partially owned companies. HFM has replaced lot of work that used to be manual
We couldn’t train our users to maintain and develop new rules, so the system forced us to have a dedicated service for support and improvements,IBM Cognos,Oracle eBusiness Suite, Oracle BI Foundation Suite, QlikViewFederico ShortredeOracle Hyperion Enterprise Performance Management and Me2016-08-08T21:57:19.599ZOracle 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,7,After initial spending on setup we have had relatively few issues with maintenance
Catalog of reports have grown, but consistency remains
Licensing for future Oracle products have been favorably priced,SAP Business Warehouse,SAP Business Objects, Oracle Database, Informatica Enterprise Data IntegrationSamir Patel, PMPSolid functionality and flexibility--if you can support the complexity2015-01-17T22:09:21.974ZWe 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.,7,Using HFM has helped us to close and consolidate the books quicker while also providing the level of detail that we need for supplemental disclosures and reports to the market. What used to be a very manual process of sending spreadsheets around has become centrally managed within HFM and we are able to pull the information we need directly from it.
Using Essbase has given our accounting teams tremendous insights into transaction details which has helped with account reconciliations and troubleshooting errors during the close process.,,5Matt DowningBrief Overview and Review of Hyperion EPM2016-10-12T17:55:35.623ZOracle 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',9,The impact on our financial reporting and financial accounting departments has been very positive.
The team has been able to visualize the nuances of financial close management and lessen the amount of issues and errors.
The consolidation of the data has greatly improved as well.,PeopleSoft Financials, Oracle Cloud Platform, Business Objects SRCVerified UserCommon EPM, Flexible tool, and works side by side with Oracle EBS2016-06-10T22:08:25.383ZWe 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,9,Single source of truth for reporting
Reduced financial analysis efforts/resourcesVerified UserValue for Money Tool for Financial Management2016-05-09T19:28:38.157ZOracle 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.,6,It helped the key financial users to drill down to the transaction level from the Main General Ledger Accounts with ease. This helped the key finance users to have a better visibility of the transactions involved with any general ledgers.
Though there are few limitations with the product, it has best suited our client, as their requirement very well matches with what Oracle Hyperion EPM had to offer, which means it was a value for money initiative.,IBM Cognos,Oracle Data Integrator, Oracle CRM, Oracle eBusiness SuiteVerified UserMy Thoughts on Oracle Hyperion2016-07-01T15:16:48.793ZOracle 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,8,Best tool to manage multiple currencies to re-consolidate the accounts.
Best tool to manage global financial data.,,SAP Business Objects, SAP BusinessObjects Lumira, Qlik SenseVerified User
Unspecified
Oracle Hyperion Enterprise Performance Management
179 Ratings
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