Value for Money Tool for Financial Management
May 09, 2016

Value for Money Tool for Financial Management

Anonymous | TrustRadius Reviewer
Score 6 out of 10
Vetted Review
Verified User

Overall Satisfaction with Oracle Hyperion Enterprise Performance 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.
  • It helped the key financial users to drill down to the transaction level from the Main General Ledger Accounts with ease. This helped the key finance users to have a better visibility of the transactions involved with any general ledgers.
  • Though there are few limitations with the product, it has best suited our client, as their requirement very well matches with what Oracle Hyperion EPM had to offer, which means it was a value for money initiative.
Pricing is one factor and the features offered by the Oracle EPM and IBM Cognos shifted the favour in terms of Oracle EPM.
Oracle Hyperion Enterprise Performance Management is able to handle most financial management deports like balance sheet, AP reports, AR reports, balance receivables reports, balance payable Reports, trial balance reports, and lot of other business critical reports. It also handles reports that involve complex computing with formulas that can be easily addressed using this tool. Emailing reports to the concerned person has some limitations.

Oracle Hyperion Feature Ratings

Long-term financial planning
7
Financial budgeting
8
Forecasting
6
Scenario modeling
7
Management reporting
7
Financial data consolidation
7
Journal entries and reports
6
Multi-currency management
7
Intercompany Eliminations
7
Minority Ownership
6
Local and consolidated reporting
7
Detailed Audit Trails
7
Financial Statement Reporting
8
Management Reporting
8
Excel-based Reporting
7
Automated board and financial reporting
8
XBRL support for regulatory filing
8
Personalized dashboards
7
Color-coded scorecards
6
KPIs
7
Cost and profitability analysis
7
Key Performance Indicator setting
Not Rated
Benchmarking with external data
8
Flat file integration
7
Excel data integration
7
Direct links to 3rd-party data sources
6