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.
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.