Oracle HFM Reviews

The most valuable feature is the flexibility and ease of configuration in terms of testing and formula creation. It requires fewer resources for implementation compared to SAP and has acceptable talent management features.

In terms of improvement, one challenge with Oracle HFM is the need for technical knowledge in writing SQL syntax for custom extensions. Also, the transition from on-premises to the cloud can be complex. Also, the transition from on-premises to the cloud can be complex. In the next Oracle HFM release, I hope for a more user-friendly cloud-based group portal, better integration with other solutions, especially for hybrid models, and solutions for integration issues, similar to those seen with Oracle Payroll and HPE.

We are an implementation and Oracle EPM partner. We implement, support, and do all that goes with it.

The solution covers everything from multiple hierarchies, tax reporting, and basically any accounting standard that anybody needs can be produced.

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 use.

Oracle HFM (Hyperion Financial Management) is really good with currency exchange. It has a built-in feature for currency exchange. It also has an elimination feature. These are the features I found most valuable in this solution.

There are areas that could be improved in Oracle HFM. One is for them to have a  dashboard or a feature that lets you know who's promoted and who's ready for reporting.

Another area for improvement would be the intercompany reports. We have to run them one at a time, and a lot of people would like to see them in a batch, so you don't have to sit there and run several different intercompany reports. It would be good to improve the intercompany reporting in Oracle HFM.

HFM has the capability of handling consolidations end to end. It handles multi-currency translations, complex ownership calculations and inter-company eliminations and couple of other important tasks.

1. Users were very comfortable using the product
2. Product has ability to handle consolidation and reporting
3. Can receive and club data from multi-source systems and can also handle multi-currency adjustments
4. Hence the close functions and the Management reporting has effectively improvised and the stake holders use this as a primary source for planning for forecasts

The HFM tools are very well designed. We used to have ODI, so there's a list of technologies that are available. You can bring in data from any source and from multiple sources, and you can consolidate that data in HFM. That is really cool.

Previously, you were only consolidating in any Oracle, like ERP. But now with mergers and acquisitions and all those other things, companies are using multiple softwares. The data has to be consolidated somewhere, and HFM is a good platform to consolidate data.

It's a difficult process to try to edit, configure, or change the business rules that exist and work within HFM. I think that's being improved with the coming versions. It's designed that way so that the consolidated data is not corrupted.

That aspect is the only one that is not user friendly.

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. 

I have been working with the tool for 15 years. 

We primarily use this solution as a consolidation tool.

The solution is deployed on-prem. We are on version 11.1.2.4.

The most valuable features are around consolidations, eliminations, conversions.