Adaptive Insights vs Oracle HFM comparison

Workday and Oracle are both solutions in the Business Performance Management category. Workday is ranked #8 with an average rating of 8.2, while Oracle is ranked #6 with an average rating of 8.2. Workday holds a 3.8% mindshare in BPM, compared to Oracle’s 9.8% mindshare. Additionally, 100% of Workday users are willing to recommend the solution, compared to 100% of Oracle users who would recommend it.

Adaptive Insights

Read 18 Adaptive Insights reviews

648 Views
451 Comparison Views

100% willing to recommend

Oracle HFM

Read 15 Oracle HFM reviews

1,846 Views
1,320 Comparison Views

100% willing to recommend

Adaptive Insights

Oracle HFM

Comparison Buyer's Guide

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Executive SummaryUpdated on Dec 19, 2024

Adaptive Insights and Oracle HFM are financial management products. Adaptive Insights appears more cost-effective and user-friendly, while Oracle HFM offers advanced features and is favored for comprehensive capabilities.

Features: Adaptive Insights is valued for its budgeting and reporting capabilities, offering a single source of truth for budgets and forecasts, and easy integration with systems like Workday. Oracle HFM handles consolidations, currency translations, and eliminations, providing extensive data consolidation and financial statement preparation.

Room for Improvement: Adaptive Insights can enhance its in-depth analytical features and multi-currency capabilities, as well as expand complex forecasting options. Oracle HFM could improve by streamlining its deployment process, simplifying user accessibility, and reducing configuration complexity for better usability.

Ease of Deployment and Customer Service: Adaptive Insights offers straightforward cloud-based deployment and responsive customer support. Oracle HFM, primarily on-premise, requires in-depth configuration but provides strong support for complex environments.

Pricing and ROI: Adaptive Insights offers a lower initial cost with a speedy ROI due to quick deployment. Oracle HFM involves higher expenses with a lengthier ROI period but is justified by its feature-rich offering.

To learn more, read our detailed Adaptive Insights vs. Oracle HFM Report (Updated: December 2024).

Buyer's Guide

Adaptive Insights vs. Oracle HFM

December 2024

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Categories and Ranking

Adaptive Insights

Ranking in Business Performance Management

8th

Average Rating

8.4

Reviews Sentiment

7.0

Number of Reviews

Ranking in other categories

Financial Performance and Strategy Management (3rd), Reporting (11th), Data Visualization (12th), ESG Reporting Software (5th)

Oracle HFM

Ranking in Business Performance Management

6th

Average Rating

8.2

Reviews Sentiment

7.0

Number of Reviews

Ranking in other categories

No ranking in other categories

Mindshare comparison

As of December 2024, in the Business Performance Management category, the mindshare of Adaptive Insights is 3.8%, up from 2.8% compared to the previous year. The mindshare of Oracle HFM is 9.8%, up from 8.9% compared to the previous year. It is calculated based on PeerSpot user engagement data.

Business Performance Management

Featured Reviews

Andrew Rosenberg

Adaptive Planning Manager at Alight

Adaptive scales well, simple to create new budget versions and models

For the organization I used to work at, it streamlined the process of creating budgets. It's very simple to create a new version and do some more modeling based on your need for planning things like headcount, other expenses, and revenue, everything is configurable within Workday. So that made it easy. Reporting was pretty easy to set up as well. It streamlined the amount of time it took to do the budget as well as kind of making it simple to implement a rolling forecast process. So, it really was more just a productivity increase and time shortening for the budgeting and forecasting process.

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AhmedHaridy

Managing Director at Emkan

Offers flexibility and ease of configuration

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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Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:

Pros

"The integration with our payroll system to complete staff modeling during our budget and forecast processes."

"Reports are allowed to be edited for aesthetic purposes, which is lacking in a lot of other dashboard tools."

"Forecasting changes that instantly flow through all financial statements."

"It's very stable."

"The most valuable feature of the solution is its dashboard."

"We utilize planning on a daily basis, therefore we find it to be the most valuable product for our organization."

"The important feature is integration with source data. It connects to various ERP systems, including Workday, Intact, and others. It can also import actuals and compare them to PlanPoint quite easily."

"Changes to corporate structure, account codes are updated in all versions including prior years, hence "one-version of truth" as claimed."

More Adaptive Insights pros

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

"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 tool is stable."

"You can bring in data from any source and from multiple sources, and you can consolidate that data in HFM."

"Financial consolidation and reporting tool with good built-in features such as currency exchange and elimination."

"Stability-wise, I rate the solution a ten out of ten."

"The most valuable feature is the flexibility and ease of configuration in terms of testing and formula creation."

"It is a very user-friendly software."

Cons

"Users continue to become more advanced and are looking for more advanced solutions."

"Adaptive Insights could improve the data designer interface to make integrations easier to set up."

"The upload feature exists, but isn't terribly useful."

"It's a Workday product; they could do a little bit better to integrate a pure-play integration with Workday, which really doesn't do that."

"Better user interface (UI)."

"Adaptive Insights has a limit of 1,00,000 rows for HTML reports. It should be improved because we will have multiple dimensions that need to be populated to enhance the image."

"Discovery (the data visualization module): Needs to catch up with BI leaders, such as MS and Tableau. E.g., sorting by amounts in column charts and page slicers to control all visuals."

"Being able to drill down when using OfficeConnect needs work."

More Adaptive Insights cons

"The complexity is okay. I don't see it as super complex. The solution could have more functionality to make it a little bit more flexible."

"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."

"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."

"It's a difficult process to try to edit, configure, or change the business rules that exist and work within HFM."

"In terms of improvement, one challenge with Oracle HFM is the need for technical knowledge in writing SQL syntax for custom extensions."

"Integration is an area where it lacks and can be improved."

"If there could be data integration between HFM and the accounting software that would be ideal."

"The intercompany reporting function in this tool needs improvement, particularly being able to run reports in batches, rather than one at a time."

Pricing and Cost Advice

"It's affordable."

"Adaptive Insights' pricing is reasonable."

"Prior to purchasing licenses, make sure you understand which users will only need planning and which users will need both planning and OfficeConnect."

"Pricing is in line with other cloud-based EPM tools. It is a subscription-based model based upon the number of users and site type if it's an admin or end-user type thing."

"Adaptive Insights' pricing is relative to its peer competitors. It's certainly competitive compared to a spreadsheet template that you build in Excel. It can be expensive if you need to have 100-500 budget holders giving input and building financial plans. However, in that case, it becomes an extremely good bargain. Compared to its competitors, it offers an excellent value."

"Everything is negotiable, but this solution is low cost compared to others."

"Ensure that you have the proper pricing plan in place."

"Licensing seems to be worth the cost considering the efficiency Adaptive brings."

"Oracle Hyperion Financial Management (HFM) uses the named user licensing model. There's different pricing depending on HFM and Essbase planning."

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Top Industries

By visitors reading reviews

Computer Software Company

16%

Financial Services Firm

10%

Real Estate/Law Firm

Legal Firm

Manufacturing Company

12%

Financial Services Firm

12%

Computer Software Company

11%

Healthcare Company

Company Size

By reviewers

Large Enterprise

Midsize Enterprise

Small Business

Questions from the Community

What do you like most about Adaptive Insights?

It's very simple to create a new version and do some more modeling based on your need for planning things like headcount, other expenses, and revenue, everything is configurable within Workday.

See all answers

What is your experience regarding pricing and costs for Adaptive Insights?

12 years ago, it was very affordable. Workday has definitely increased its price since it acquired Adaptive a few years ago. So, it's affordable. But there are other more affordable solutions that ...

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What needs improvement with Adaptive Insights?

The integrations could be simpler. It takes quite a bit of internal and IT know-how to set up. So, there could be room for just improving the integrations, making it easier to integrate outside sys...

See all answers

What do you like most about Oracle HFM?

The most valuable feature is the flexibility and ease of configuration in terms of testing and formula creation.

See all answers

What is your experience regarding pricing and costs for Oracle HFM?

It depends on the discount offered by Oracle. It is an expensive product but delivers what it promises, ensuring regulatory compliance, reducing risks associated with spreadsheets, and providing a ...

See all answers

What needs improvement with Oracle HFM?

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.

See all answers

Comparisons

IBM Planning Analytics vs Adaptive Insights

Compared 14% of the time

Tableau vs Adaptive Insights

Compared 14% of the time

Microsoft Power BI vs Adaptive Insights

Compared 13% of the time

QPR Metrics vs Adaptive Insights

Compared 11% of the time

Planful vs Adaptive Insights

Compared 10% of the time

More Adaptive Insights Competitors

Oracle Hyperion vs Oracle HFM

Compared 26% of the time

CCH Tagetik vs Oracle HFM

Compared 17% of the time

Microsoft Power BI vs Oracle HFM

Compared 12% of the time

Oracle Planning and Budgeting Cloud vs Oracle HFM

Compared 11% of the time

IBM Planning Analytics vs Oracle HFM

Compared 3% of the time

More Oracle HFM Competitors

Product Reports

Buyer's Guide

Adaptive Insights

December 2024

Download Adaptive Insights product report

Buyer's Guide

Oracle HFM

December 2024

Download Oracle HFM product report

Also Known As

Workday Adaptive Planning, Adaptive Discovery , Workday Adaptive Planning

HFM

Learn More

Workday

Oracle

Overview

Adaptive Insights is a cloud-based financial planning and analysis software that helps businesses streamline their budgeting, forecasting, and reporting processes.

With its intuitive interface and powerful analytics, it enables organizations to make data-driven decisions and drive business performance.

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.

Sample Customers

1. Cisco Systems 2. Coca-Cola Bottling Co. Consolidated 3. Deloitte 4. DocuSign 5. Dropbox 6. Electronic Arts 7. Fender Musical Instruments Corporation 8. Fitbit 9. Fossil Group 10. Groupon 11. Hilton Worldwide 12. HP Inc. 13. Intuit 14. Johnson & Johnson 15. LinkedIn 16. Lyft 17. McAfee 18. Medtronic 19. Netflix 20. Oracle 21. Pandora 22. PayPal 23. Pinterest 24. Red Hat 25. Salesforce 26. ServiceNow 27. Slack Technologies 28. Spotify 29. Symantec 30. Tableau Software 31. Twitter 32. Workday

B&B Hotels, Goldwind, Drake & Scull

Buyer's Guide

Adaptive Insights vs. Oracle HFM

December 2024

Free Report: Adaptive Insights vs. Oracle HFM

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