Oracle Hyperion - A great planning tool
August 08, 2019
Oracle Hyperion - A great planning tool
Score 8 out of 10
Vetted Review
Verified User
Overall Satisfaction with Oracle Hyperion Enterprise Performance Management
Oracle Hyperion is used for planning purposes across the whole organization for budgeting and forecasting, both as a top-down and a bottom-up mechanism. Planning is a key global mandate for measuring and evaluating the successful performance of our organization, which is accomplished successfully by Oracle Hyperion Enterprise Performance Management.
- It is a great planning tool for a complex organization across various levels, such as company and division level, to ensure the integrity of information fed into the system.
- It is a great tool for analyzing, dissecting and slicing/dicing the information across multiple dimensions such as accounts, periods, scenarios, etc.
- Consolidation across the board for the same group of entities with dynamic features of pre and post-elimination, currency translations, etc. can be achieved successfully using Hyperion.
- The myriad of components of Oracle Hyperion is very powerful for each specific purpose and bring to the table a lot of functionality that can otherwise be difficult to achieve. However, this also results in high complexity of the system (an unavoidable consequence).
- Data extracts are necessary at various levels from multiple systems on a regular basis to ensure an accurate reflection of information across the board. This, again, is the inherent design but can cause multiple points of failure in case of any issues with the extracts.
- The upkeep and infrastructure requirements with regular patch upgrades and server-level upgrades can result in unforeseen situations at times, resulting in high visibility and urgent resolution needs for any such occurrences. The troubleshooting of these once in a while occurrences can turn out to be quite cumbersome.
- Positive ROI with Oracle Hyperion has been realized through increasing planning for budgeting and forecasting yearly and on a month-on-month basis.
- Positive ROI for Oracle Hyperion has been realized with increased accuracy of budgeting and forecasting predictions of financial data across the organization.
- As with any product, once Hyperion had been utilized across divisions on a regular basis, the demand to integrate information from other unconnected systems increased overtime, resulting in yet another positive ROI.
Compared with some of the other products that had been used, Oracle Hyperion had solved the major impediment of integrating multiple ERP systems (both SAP and non-SAP) with relative ease while providing the business the leverage to analyze, comprehend, and rectify the data.