Oracle HFM Reviews

Name: Oracle HFM
Brand: Oracle
Rating: 4.1 (15 reviews)

4.1 out of 5

15 reviews
100% willing to recommend

564 followers

What is Oracle HFM?

Oracle Hyperion Financial Management is a financial consolidation and reporting application built with advanced Web technology. It provides financial managers the ability to rapidly consolidate and report financial results, meet global regulatory requirements, reduce the cost of compliance and deliver confidence in the numbers.

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Oracle HFM is the #6 ranked solution in top Business Performance Management solutions. PeerSpot users give Oracle HFM an average rating of 8.2 out of 10. Oracle HFM is most commonly compared to Anaplan: Oracle HFM vs Anaplan. Oracle HFM is popular among the large enterprise segment, accounting for 67% of users researching this solution on PeerSpot. The top industry researching this solution are professionals from a financial services firm, accounting for 12% of all views.

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Featured reviews

AhmedHaridy

Managing Director at Emkan

The initial setup of Oracle HFM is generally straightforward and not overly complex. The deployment time for Oracle HFM varies with the resources, but it usually takes around three to eight months, with an average of three to four months. The deployment process for Oracle HFM involves several key steps. It begins with the installation of Oracle software, followed by gathering requirements and relevant documents. These documents help define the report formats and service needs. Next, the team configures the system, starting with the enterprise structure, which needs to align with the ERP system. Data loading and configuration follow, with Oracle HFM typically requiring more resources compared to other systems like SuccessFactors.

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Mahdi Mohaddes

Junior Financial Analyst at Coveris Inc.

We use the solution in our organization for financial data I can't discuss the strong points of the solution right now because I'm not really familiar with the product. But maybe in a month, I can tell you. However, I can say that it's user-friendly, and the dashboard is good, so it's easy to…

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reviewer2543766

Director at a photography company with 11-50 employees

I would still recommend Oracle HFM to others. Over 75% of the FTSE 100 are using Hyperion for their reporting, budgeting, and forecasting. That speaks volumes. Any organization in the FTSE 100 or Nasdaq, having done their due diligence and selected it, signifies its value. I'd rate the solution nine out of ten.

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Oracle HFM mindshare

As of November 2024, the mindshare of Oracle HFM in the Business Performance Management category stands at 9.6%, up from 8.8% compared to the previous year, according to calculations based on PeerSpot user engagement data.

Business Performance Management

Key learnings from peers

Last updated Sep 25, 2024

Valuable Features

"It is an expensive product but delivers what it promises, ensuring regulatory compliance, reducing risks associated with spreadsheets, and providing a better return on investment based on usage."
"The most valuable feature is the flexibility and ease of configuration in terms of testing and formula creation."
"The tool is stable."

Room for Improvement

"Improvements can be made by possibly different interfaces to modernize it, more automation in scripting, and better integration with third-party solutions and reporting capabilities."
"In terms of improvement, one challenge with Oracle HFM is the need for technical knowledge in writing SQL syntax for custom extensions."
"The solution has integration challenges. We need a simple tool that is fool-proof for the data that is submitted not only for consolidation purposes but also for performance management and reporting purposes."