Oracle Hyperion: Very useful but complex
Anonymous | TrustRadius Reviewer
December 07, 2018

Oracle Hyperion: Very useful but complex

Score 8 out of 10
Vetted Review
Verified User
Review Source

Overall Satisfaction with Oracle Hyperion Enterprise Performance Management

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.
  • Oracle Hyperion allows us to automate and consolidate financial data that used to be performed manually in spreadsheets. From that perspective the ROI is huge.
  • Oracle Hyperion functionality is extensive and allows us to perform most functions for planning, consolidating and reporting on our financial data.
  • One negative with Oracle Hyperion is that it is complicated to implement and maintain. It takes expertise at all levels (infrastructure and management) to realize the benefits from it.
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.

Oracle Hyperion Feature Ratings

Long-term financial planning
Not Rated
Financial budgeting
8
Forecasting
8
Scenario modeling
Not Rated
Management reporting
8
Financial data consolidation
9
Journal entries and reports
Not Rated
Multi-currency management
8
Intercompany Eliminations
8
Minority Ownership
Not Rated
Local and consolidated reporting
Not Rated
Detailed Audit Trails
7
Financial Statement Reporting
8
Management Reporting
8
Excel-based Reporting
9
Automated board and financial reporting
Not Rated
XBRL support for regulatory filing
Not Rated
Personalized dashboards
Not Rated
Color-coded scorecards
Not Rated
KPIs
8
Cost and profitability analysis
8
Key Performance Indicator setting
Not Rated
Benchmarking with external data
Not Rated
Flat file integration
9
Excel data integration
9
Direct links to 3rd-party data sources
9