Oracle EPM is the complete package
we are using Oracle Oracle Hyperion Enterprise Performance Management for financial Close and Planning. We have merged with 6 other …
Overview
What is Oracle Hyperion?
Oracle's Corporate Performance Management suite was acquired from Hyperion in 2007. Hyperion customers are encouraged to migrate to Oracle Fusion Cloud EPM.
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- Forecasting (21)10.0100%
- Financial budgeting (20)10.0100%
- Management reporting (21)10.0100%
- Personalized dashboards (18)8.080%
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What is Oracle Hyperion?
Oracle's Corporate Performance Management suite was acquired from Hyperion in 2007. Hyperion customers are encouraged to migrate to Oracle Fusion Cloud EPM.
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What is Oracle Hyperion?
Oracle's Corporate Performance Management suite was acquired from Hyperion in 2007. Hyperion customers are encouraged to migrate to Oracle Fusion Cloud EPM.
Oracle Hyperion Competitors
- IBM Cognos Analytics
- Longview Plan
- Axiom Software by Syntellis Performance Solutions
- Planful (formerly Host Analytics)
- SAP BusinessObjects Business Intelligence (BI) Platform
Oracle Hyperion Technical Details
| Operating Systems | Unspecified |
|---|---|
| Mobile Application | No |
Frequently Asked Questions
Oracle's Corporate Performance Management suite was acquired from Hyperion in 2007. Hyperion customers are encouraged to migrate to Oracle Fusion Cloud EPM.
IBM Cognos Analytics, Longview Plan, and Axiom Software by Syntellis Performance Solutions are common alternatives for Oracle Hyperion.
Reviewers rate Long-term financial planning and Financial budgeting and Forecasting highest, with a score of 10.
The most common users of Oracle Hyperion are from Enterprises (1,001+ employees).
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Reviews and Ratings
(241)Attribute Ratings
Reviews
(1-12 of 12)Companies can't remove reviews or game the system. Here's why
April 13, 2021
Hyperion does magic for Finance folks!
Hyperion EPM suite is used by our Corporate Finance and FP&A teams. Hyperion helps us publish our results on time and to plan our Budgeting/Forecasting cycle throughout the year. Various departments like Finance, Operations, Sales, Marketing use Hyperion to evaluate data inputs and reporting.
- Consolidation engine is superb
- User experience is great, web based
- Easy to learn and grasp new application
- None that I can think of
September 19, 2019
Not an Oracle Financials Fan; Hyperion Rocks!
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.
- 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.
September 18, 2019
EPM On-Premise Review
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.
- 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
August 08, 2019
Oracle Hyperion - A great planning tool
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.
- 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.
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.
- 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
February 22, 2019
EPM Stack of Tools...Is it worth the money?
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.
- 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.
February 17, 2019
Robust Financial Consolidation and Reporting Made Easy with Hyperion
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.
- 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
December 07, 2018
Oracle Hyperion: Very useful but complex
Oracle 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.
September 07, 2018
Oracle EPM for the large enterprise!
The 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.
August 08, 2018
Robust EPM solution for big companies
We 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.
May 09, 2016
Value for Money Tool for Financial Management
Oracle 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.
Score 7 out of 10
Vetted Review
Verified User
We 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.