Oracle EPM for the large enterprise!
Teal Sexton profile photo
September 07, 2018

Oracle EPM for the large enterprise!

Score 8 out of 10
Vetted Review
Verified User
Review Source

Overall Satisfaction with Oracle Hyperion Enterprise Performance Management

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.
  • 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.
Yes - I am a member of the ODTUG.

Extremely valuable, high impact. I source the consultants that we need through my network at ODTUG. I also learn at Kscope each year and it helps me plan our long-term roadmap, including upgrades, etc.
It is the leading system, with the most power and flexibility of any of these. It is also the most expensive. Berkeley needs the best possible tool for this job. Questica and Workday cannot handle the number of dimensions we use. Adaptive might be a good competitor but since I did not select it I cannot say how well it would have worked.
It is well suited to very large organizations that need to budget for employee compensation costs. It is particularly well suited for highly matrixed organizations with a long chartstring (four or more segments) that need to be used in the budget. It is probably not necessary for organizations that budget only by account and/or cost center and not by the individual employee.

Oracle Hyperion Feature Ratings

Long-term financial planning
Not Rated
Financial budgeting
Not Rated
Forecasting
10
Scenario modeling
Not Rated
Management reporting
7
Financial data consolidation
Not Rated
Journal entries and reports
Not Rated
Multi-currency management
Not Rated
Intercompany Eliminations
Not Rated
Minority Ownership
Not Rated
Local and consolidated reporting
Not Rated
Detailed Audit Trails
Not Rated
Financial Statement Reporting
7
Management Reporting
7
Excel-based Reporting
10
Automated board and financial reporting
Not Rated
XBRL support for regulatory filing
Not Rated
Personalized dashboards
Not Rated
Color-coded scorecards
Not Rated
KPIs
Not Rated
Cost and profitability analysis
Not Rated
Key Performance Indicator setting
Not Rated
Benchmarking with external data
Not Rated
Flat file integration
10
Excel data integration
10
Direct links to 3rd-party data sources
Not Rated