Reviews (1-17 of 17)
- 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
- 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
- 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.
- 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.
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.
- 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.
- 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.
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.
- 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.
- 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
- 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.
- 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
High reliance on Excel
Greater need for performance KPIs
KPIs not as important or worth tracking
Don't need flexibility between cloud and on-premise
Oracle Hyperion Review: "Flexible and robust tool, great for multi-national and multi-businesses companies"
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.
- 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
- 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.
- 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'
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 not suited for doing transaction-level investigation or analysis as it does not provide down to transaction-level of detail.
- 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 Scorecard Summary
Feature Scorecard Summary
About Oracle Hyperion
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.
Oracle Hyperion Integrations
Oracle Hyperion Competitors
Oracle Hyperion Technical Details