EPM Stack of Tools...Is it worth the money?
Anonymous | TrustRadius Reviewer
February 22, 2019

EPM Stack of Tools...Is it worth the money?

Score 10 out of 10
Vetted Review
Verified User
Review Source

Overall Satisfaction with Oracle Hyperion Enterprise Performance Management

Hyperion, in general, is an enterprise application. Hence the Enterprise portion of the name Hyperion Enterprise Performance Management (EPM). It addresses multiple business problems as the toolset itself ranges from metadata management to consolidation close. Essbase and Planning are the most widely used applications from the EPM stack of tools. Essbase is a powerhouse of the tool giving you a multidimensional look at the data within the enterprise landscape.
  • It gives you the ability to look at your dataset in a multidimensional way.
  • You can create ad-hoc reporting using smart view on top of the Essbase cube.
  • It gives you the ability to manage multiple dimensions in one centralized place using DRM.
  • Simplifies the close process with HFM.
  • Interfacing with in its own tool sets. I believe that applications should seamlessly talk to one another.
  • Built-in validations that are commonly used should come with the applications.
  • Take away the templates that come with DRM. They are no good.
  • Oracle Hyperion Enterprise Performance Management has a very slow ROI
  • Hyperion EPM is very costly on software and hardware sides
  • Learning curve is very steep if the BU doesn't understand multidimensional sets.
Yes - I am a member of the ODTUG.

No value added for me personally. I have heard that non-consultants do get a good return out of being part of ODTUG or their local OUG. It informs you of meetups and other conferences that may be going on in your area. As long as your OUG is active you should get some good information from them.
None of the other products used or evaluated are available for me to select.
I have used EPMware with is a competing software to DRM. I find the ROI on this tool greater then DRM. It is about a quarter of the cost and directly interfaces with multiple Hyperion applications.
CXO Cockpit is another competing tool in this space and it directly competes with the Reporting tools. It again is cheaper to implement and maintain. It can lift more data and process faster.
As far as why most people go with Oracle verses these other tools is the name. People feel comfortable going with Oracle because of the size of their company.
There are way too many scenarios that EPM could well suited for. It's a suite of applications. You can do dang near anything you need.

Where is doesn't excel because it shouldn't is interfacing with ERP systems. This will always be an issue as the developers of the ERP systems are never in touch with the developers of EPM.

Oracle Hyperion Feature Ratings

Long-term financial planning
10
Financial budgeting
10
Forecasting
10
Scenario modeling
10
Management reporting
10
Financial data consolidation
10
Journal entries and reports
10
Multi-currency management
10
Intercompany Eliminations
10
Minority Ownership
10
Local and consolidated reporting
10
Detailed Audit Trails
8
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
10
Automated board and financial reporting
10
XBRL support for regulatory filing
10
Personalized dashboards
10
Color-coded scorecards
10
KPIs
10
Cost and profitability analysis
10
Key Performance Indicator setting
10
Benchmarking with external data
10
Flat file integration
8
Excel data integration
8
Direct links to 3rd-party data sources
4
Pixel Perfect reports
10
Customizable dashboards
10
Report Formatting Templates
10
Drill-down analysis
10
Formatting capabilities
10
Integration with R or other statistical packages
10
Report sharing and collaboration
10
Publish to Web
8
Publish to PDF
8
Report Versioning
8
Report Delivery Scheduling
8
Pre-built visualization formats (heatmaps, scatter plots etc.)
8
Location Analytics / Geographic Visualization
7
Predictive Analytics
8
Multi-User Support (named login)
10
Role-Based Security Model
9
Multiple Access Permission Levels (Create, Read, Delete)
10
Single Sign-On (SSO)
10
Responsive Design for Web Access
9
Dedicated iOS Application
5
Dedicated Android Application
5
Dashboard / Report / Visualization Interactivity on Mobile
5