Oracle Hyperion (legacy) Reviews and Ratings

Rating: 7.5 out of 10

Score

7.5 out of 10

Reviews

23 Reviews

Oracle EPM is the complete package

Rating: 10 out of 10

Incentivized

March 10, 2022

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.

Likelihood to Recommend

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

Glenn Schwartzberg

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

Vetted Review

30 years of experience

Not an Oracle Financials Fan; Hyperion Rocks!

Rating: 7 out of 10

Incentivized

September 19, 2019

Use Cases and Deployment Scope

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.

Pros

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.

Cons

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.

Likelihood to Recommend

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.

Verified User

Employee in Finance and Accounting (501-1000 employees)

Vetted Review

3 years of experience

EPM On-Premise Review

Rating: 9 out of 10

Incentivized

September 18, 2019

Use Cases and Deployment Scope

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.

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

Likelihood to Recommend

Best suited for Consolidations

Best suited for Planning and Forecasting

Best suited for analytical reporting

Not for Visual graphical reporting

Ravi Volimineni

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

Vetted Review

17 years of experience

Hyperion opinion as a student employee

Rating: 8 out of 10

Incentivized

September 17, 2019

Use Cases and Deployment Scope

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.

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.

Likelihood to Recommend

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.

Ricky Bhatia

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

Vetted Review

1 year of experience

View profile

Oracle Hyperion - A great planning tool

Rating: 8 out of 10

Incentivized

August 8, 2019

Use Cases and Deployment Scope

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.

Pros

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.

Cons

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.

Likelihood to Recommend

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.

Verified User

Professional in Information Technology (10,001+ employees)

Vetted Review

2 years of experience

Oracle Hyperion Enterprise Performance Management Review

Rating: 6 out of 10

Incentivized

May 2, 2019

Use Cases and Deployment Scope

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.

Pros

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

Cons

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

Likelihood to Recommend

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.

Verified User

Technician in Information Technology (201-500 employees)

Vetted Review

2 years of experience

Excellent Tool

Rating: 8 out of 10

Incentivized

March 16, 2019

Use Cases and Deployment Scope

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.

Pros

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.

Cons

Expense is the number one concern.

Likelihood to Recommend

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.

Verified User

Director in Marketing (51-200 employees)

Vetted Review

16 years of experience

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

Rating: 10 out of 10

Incentivized

February 22, 2019

Use Cases and Deployment Scope

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.

Pros

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.

Cons

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.

Likelihood to Recommend

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.

Verified User

Consultant in Information Technology (1-10 employees)

Vetted Review

10 years of experience

Robust Financial Consolidation and Reporting Made Easy with Hyperion

Rating: 8 out of 10

Incentivized

February 17, 2019

Use Cases and Deployment Scope

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.

Pros

Global financial consolidation and reporting for management
Global treasury exposure reporting for hedging and currency exposure reviews
Legal consolidation
Manufacturing plants consolidation and reporting

Cons

Focus on mobility aspects for reporting
Ease of loading journal entries
Enhancements around smart view for reporting

Likelihood to Recommend

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.

Verified User

Manager in Finance and Accounting (10,001+ employees)

Vetted Review

12 years of experience

Oracle Hyperion: Very useful but complex

Rating: 8 out of 10

Incentivized

December 7, 2018

Use Cases and Deployment Scope

Oracle Hyperion is being used across the entire company. It is also used by our finance team extensively.

Pros

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.

Cons

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.

Likelihood to Recommend

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.

Verified User

Engineer in Information Technology (10,001+ employees)

Vetted Review

8 years of experience