EPM Stack of Tools...Is it worth the money?
February 22, 2019
EPM Stack of Tools...Is it worth the money?
Score 10 out of 10
Vetted Review
Verified User
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.
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.
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.