Oracle Hyperion: Very useful but complex
December 07, 2018
Oracle Hyperion: Very useful but complex
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.