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Oracle Hyperion (legacy)

Score7.5 out of 10

250 Reviews and Ratings

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What is Oracle Hyperion (legacy)?

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

Categories & Use Cases

Key Features

Learn about the best (and worst!) features Oracle Hyperion (legacy) has to offer, as determined by TrustRadius' reviewers.
Based on 250 ratings of Oracle Hyperion (legacy)'s features
View all features

Top Performing Features

  • Long-term financial planning

    3-5 year financial plan with cashflow.

    Category average: 9.2

  • Financial budgeting

    Annual budget for revenue and operating expenses, headcount/compensation, capital expenses, projects, etc.

    Category average: 9.5

  • Forecasting

    Combining actuals and budgets, rolling forecasts, driver-based models.

    Category average: 9.4

Areas for Improvement

  • Key Performance Indicator setting

    Ability to set key performance indicators for measuring progress towards goals.

    Category average: 8.1

  • Color-coded scorecards

    Track and analyze performances with interactive, color-coded balanced scorecards.

    Category average: 7.3

  • Benchmarking with external data

    CPI, daily exchange rates, industry KPIs. with scheduled data refreshes.

    Category average: 6.3

Reviews

What users are saying about Oracle Hyperion (legacy).
View all reviews

Oracle EPM is the complete package

Incentivized
Glenn Schwartzberg
Analytics Practice Lead in Information Technology at interRel Consulting (51-200 employees employees)

Use Cases and Deployment Scope

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

Pros

  • 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

Cons

  • 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.

Return on Investment

  • Shortened the close process by days
  • allowed for budgets to be done quickly freeing up resources
  • Allowed for forecast cycles to be shortened considerably using driver based forecasts
  • Allows analysts to spend more time analyzing data instead of being data entry clerks

Hyperion does magic for Finance folks!

Incentivized
Azmat BhattiView profile
Part-time Faculty, School of Computer Studies in Information Technology at Seneca College - Part-time Studies (501-1000 employees employees)

Pros

  • Consolidation engine is superb
  • User experience is great, web based
  • Easy to learn and grasp new application

Cons

  • None that I can think of

Return on Investment

  • Positive ROI. We had legacy systems and Excel flat files. Now we have Hyperion solution, which helps us stream line our processes and produce results in time with auditing capabilities.

Other Software Used

Yardi Senior Living, PeopleSoft Financials, ServiceNow IT Service Management

EPM On-Premise Review

Incentivized
Ravi Volimineni
Hyperion Technical Manager in Information Technology at Brinks INc (5001-10,000 employees employees)

Pros

  • 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.

Cons

  • 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

Return on Investment

  • Reduces the labor hours as the data is available to quickly adopt to any forecasting model as needed

Hyperion opinion as a student employee

Incentivized
Ricky BhatiaView profile
Financial Planning Analyst- Student Assistant/ Consultant in Finance and Accounting at State Compensation Insurance Fund (1001-5000 employees employees)

Pros

  • 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.

Cons

  • 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.

Return on Investment

  • It's had a positive impact because it helps us with forecasting and analyzing FTE and budgeting reports.
  • Provides clear reports with comparison features that allow us to analyze data from previous year.
  • Enables us to create reports for predictive budgets since we operate in periods/yearly chunks.

Other Software Used

Oracle SQL Developer

Oracle EPM for the large enterprise!

Incentivized
Teal SextonView profile
Interim Director of Business Intelligence and Finance Systems in Information Technology at University of California, Berkeley (10,001+ employees employees)

Pros

  • 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.

Cons

  • 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.

Return on Investment

  • 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.

Alternatives Considered

Adaptive Insights, Questica Budget and Workday Financial Management

Other Software Used

Oracle eBusiness Suite

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