Oracle Hyperion Reviews

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Anonymous | TrustRadius Reviewer
December 19, 2019

Secure performance management

Score 7 out of 10
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Pros and Cons

  • Powerful Essbase database.
  • Consolidation abilities.
  • Easy integration with our Oracle ERP system.
  • Establish a common structure for accessing instant data from a single center. For example, an accounting record on ERP should be accessible instantly from budget planning and consolidation applications.
  • Unlimited dimensional structure.
  • Easily build consolidation rules.
  • Artificial intelligence and machine learning integration and capabilities are very important.
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Ravi Volimineni | TrustRadius Reviewer
September 18, 2019

EPM On-Premise Review

Score 9 out of 10
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Pros and Cons

  • 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
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Ricky Bhatia | TrustRadius Reviewer
September 17, 2019

Hyperion opinion as a student employee

Score 8 out of 10
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Pros and Cons

  • 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.
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Anonymous | TrustRadius Reviewer
September 19, 2019

Not an Oracle Financials Fan; Hyperion Rocks!

Score 7 out of 10
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Pros and Cons

  • 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.
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Anonymous | TrustRadius Reviewer
August 08, 2019

Oracle Hyperion - A great planning tool

Score 8 out of 10
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Pros and Cons

  • 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.
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Anonymous | TrustRadius Reviewer
February 16, 2019

Robust Financial Consolidation and Reporting Made Easy with Hyperion

Score 8 out of 10
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Pros and Cons

  • 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
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Anonymous | TrustRadius Reviewer
May 02, 2019

Oracle Hyperion Enterprise Performance Management Review

Score 6 out of 10
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Pros and Cons

  • 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
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Anonymous | TrustRadius Reviewer
March 16, 2019

Excellent Tool

Score 8 out of 10
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Pros and Cons

  • 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.
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Anonymous | TrustRadius Reviewer
February 22, 2019

EPM Stack of Tools...Is it worth the money?

Score 10 out of 10
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Pros and Cons

  • 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.
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Anonymous | TrustRadius Reviewer
December 07, 2018

Oracle Hyperion: Very useful but complex

Score 8 out of 10
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Pros and Cons

  • 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.
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Teal Sexton | TrustRadius Reviewer
September 07, 2018

Oracle EPM for the large enterprise!

Score 8 out of 10
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Pros and Cons

  • 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.
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Guillermo Villamizar | TrustRadius Reviewer
August 08, 2018

Robust EPM solution for big companies

Score 8 out of 10
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Pros and Cons

  • 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.
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Vishal Shivdasani | TrustRadius Reviewer
December 13, 2017

EPM From Oracle

Score 7 out of 10
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Pros and Cons

  • 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
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Federico Shortrede | TrustRadius Reviewer
November 16, 2016

Flexible and robust tool, great for multi-national and multi-businesses companies

Score 9 out of 10
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Pros and Cons

  • 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.
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Samir Patel, PMP | TrustRadius Reviewer
August 08, 2016

Oracle Hyperion Enterprise Performance Management and Me

Score 7 out of 10
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Pros and Cons

  • 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
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Anonymous | TrustRadius Reviewer
August 24, 2018

Great tool if you break it down!

Score 7 out of 10
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Pros and Cons

  • 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
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Matt Downing | TrustRadius Reviewer
January 28, 2015

Solid functionality and flexibility--if you can support the complexity

Score 7 out of 10
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Pros and Cons

  • 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.
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Anonymous | TrustRadius Reviewer
April 06, 2018

A solid solution to deploy

Score 8 out of 10
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Pros and Cons

  • 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.
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Anonymous | TrustRadius Reviewer
October 12, 2016

Brief Overview and Review of Hyperion EPM

Score 9 out of 10
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Pros and Cons

  • 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'
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Anonymous | TrustRadius Reviewer
June 10, 2016

Common EPM, Flexible tool, and works side by side with Oracle EBS

Score 9 out of 10
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Pros and Cons

  • 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
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Anonymous | TrustRadius Reviewer
May 09, 2016

Value for Money Tool for Financial Management

Score 6 out of 10
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Pros and Cons

  • 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.
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Anonymous | TrustRadius Reviewer
July 01, 2016

My Thoughts on Oracle Hyperion

Score 8 out of 10
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Pros and Cons

  • 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
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Feature Scorecard Summary

Pixel Perfect reports (4)
7.1
Customizable dashboards (5)
6.9
Report Formatting Templates (5)
7.8
Drill-down analysis (9)
8.3
Formatting capabilities (8)
7.7
Integration with R or other statistical packages (3)
7.2
Report sharing and collaboration (5)
6.8
Publish to Web (5)
6.2
Publish to PDF (5)
6.3
Report Versioning (5)
7.1
Report Delivery Scheduling (4)
7.3
Pre-built visualization formats (heatmaps, scatter plots etc.) (3)
6.9
Location Analytics / Geographic Visualization (3)
7.3
Predictive Analytics (3)
7.2
Multi-User Support (named login) (8)
7.3
Role-Based Security Model (6)
6.6
Multiple Access Permission Levels (Create, Read, Delete) (7)
7.4
Single Sign-On (SSO) (6)
8.1
Responsive Design for Web Access (4)
5.9
Dedicated iOS Application (2)
5.0
Dedicated Android Application (2)
5.0
Dashboard / Report / Visualization Interactivity on Mobile (2)
6.2
Long-term financial planning (17)
8.4
Financial budgeting (20)
8.5
Forecasting (21)
8.2
Scenario modeling (16)
7.6
Management reporting (21)
8.5
Financial data consolidation (18)
8.3
Journal entries and reports (17)
7.9
Multi-currency management (11)
8.2
Intercompany Eliminations (16)
7.6
Minority Ownership (11)
7.3
Local and consolidated reporting (17)
7.8
Detailed Audit Trails (17)
7.6
Financial Statement Reporting (19)
8.5
Management Reporting (18)
8.4
Excel-based Reporting (18)
8.9
Automated board and financial reporting (14)
7.7
XBRL support for regulatory filing (9)
7.5
Personalized dashboards (17)
7.9
Color-coded scorecards (14)
7.2
KPIs (15)
7.3
Cost and profitability analysis (15)
7.7
Key Performance Indicator setting (13)
7.2
Benchmarking with external data (12)
7.4
Flat file integration (18)
8.2
Excel data integration (20)
8.6
Direct links to 3rd-party data sources (12)
7.4

About Oracle Hyperion

Oracle Hyperion Planning is a centralized planning, budgeting, and forecasting solution that integrates financial and operational planning processes and improves business predictability.

Oracle Hyperion Integrations

Planful (formerly Host Analytics)

Oracle Hyperion Competitors

IBM Cognos Analytics, Longview, SAS Cost and Profitability Management, Axiom EPM, Planful (formerly Host Analytics), SAP BusinessObjects Business Intelligence (BI) Platform, BusinessObjects SRC (Discontinued)

Oracle Hyperion Technical Details

Operating Systems: Unspecified
Mobile Application:No