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Robust Financial Consolidation and Reporting Made Easy with Hyperion
February 17, 2019

Robust Financial Consolidation and Reporting Made Easy with Hyperion

Anonymous | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User

Overall Satisfaction with Oracle Hyperion Enterprise Performance Management

Oracle Hyperion Enterprise Performance Management is used by our organization to meet global consolidation and reporting needs. All business verticals are consolidated for all geographies worldwide using Hyperion. Due to the complex multiple ERP landscape, Hyperion provides unified financial information across the organization consolidating the data from multiple ERP systems. The ease of use of the application coupled with the smart view excel add-in functionality for reporting makes it a favorable choice for 1000s of finance users using this product globally. The application is mostly managed by finance providing very quick turnaround for the finance community to meet their reporting requirements. With tight integration with ERP's, the financials are reported in Hyperion near real-time during month end, facilitating smooth close of the financials. Managing master data is also very straight forward and easier with Hyperion. The Reporting Studio provides fully formatted reports to be published to the top management, while smart view with ad-hoc and function builder capabilities meets the needs of the finance operation users in the business units.
  • Global financial consolidation and reporting for management
  • Global treasury exposure reporting for hedging and currency exposure reviews
  • Legal consolidation
  • Manufacturing plants consolidation and reporting
  • Focus on mobility aspects for reporting
  • Ease of loading journal entries
  • Enhancements around smart view for reporting
  • Able to complete 10K/10Q Reporting to SEC ahead of most of fortune 500 companies
  • Great comfort and reliance on foolproof consolidation with Hyperion
  • Many years of use brought the user knowledge level very high
  • Not all new functionalities are used due to lack of time to upgrade to most recent versions
  • SAP BPC (Business Planning and Consolidation)
Hyperion is easy to implement and maintain, low cost of ownership is also a great reason to select this product.
Oracle's investment to keep the product innovations and improvements over the years is well appreciated by the users. The ease of managing integration with different business systems is also considered while selecting this product.
A global company of our scale and operations covering more than 60 countries requires a robust consolidation and reporting tool that can integrate various business verticals and provide timely and accurate financial results to all levels of the management for decision making and control. Hyperion is well suited for our reporting requirements, given its flexibility to handle matrix organization reporting with alternate hierarchies. Though Hyperion can handle capabilities like currency revaluation and translation, we are not using these features in our organization as they are performed in the ERP itself.

Oracle Hyperion Feature Ratings

Budgeting, Planning, and Forecasting
7.4
Long-term financial planning
7
Financial budgeting
7
Forecasting
8
Scenario modeling
7
Management reporting
8
Budgeting Tools ()
Not Rated
Analytics and Reporting
7.7
Personalized dashboards
8
KPIs
8
Cost and profitability analysis
7

Oracle Hyperion Enterprise Performance Management Support

The premium support team provides much needed dedicated customer service which we are after for what we have paid for this service. We are satisfied with the service and support and do not have any instance where there was an issue that requires escalation to get the right support team. Though the incidence of major issues that requires the premium support are less, we prefer to keep this as a safety net.
ProsCons
Quick Resolution
Good followup
Problems get solved
Kept well informed
No escalation required
Immediate help available
Support cares about my success
Quick Initial Response
None
Yes - The premium support guarantees most professional support and service for all time zones. Given the size and complexity of our consolidation and reporting, we preferred to use the premium support. We found value in this over the years though not many times we had to contact premium support time due to the maturity of the application.
Almost 8 years back when we did an upgrade, one of the functionality of the application was not working and we had to contact the support team to fix this. The team spent considerable time and efforts immediately and found the issue was with the business rule that was not well written initially but was working ok with the previous release. The issue was identified and fixed before the month end reporting easing the tension around the potential delays with reporting if the issue was not resolved on time.